ArchietheDragon
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Post by ArchietheDragon on May 15, 2015 9:42:53 GMT -5
I feel like tloonya. Next month I will probably have to borrow money from my daughter to pay the bills. We had a lager than normal credit card expense in April due to going on vacation (which in retrospect, probably was not the wisest idea) which will wipe our savings account down to $600. We have been running a negative monthly cash flow of about $1500 (not counting the vacation, so next month I don't think we will have the cash to cover it. I don't want to sell investments. I already stopped our ROTH contributions, but don't want to stop my 401k contribution. At least my daughter has about $2500 that I can borrow and the other kids have another $1500 or so if we need it. My wife said she starts getting paid again starting in July. I really hope that is true. Kids suck. |
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andi9899
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Post by andi9899 on May 15, 2015 9:47:55 GMT -5
You have to do what you have to do to put food on the table. Why doesn't the wife get paid until July? Can one of you get a weekend job for a bit?
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bean29
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Post by bean29 on May 15, 2015 9:47:56 GMT -5
I did that once to pay property taxes. I would make a plan (once your DW is back to work) to pay back what you are borrowing over 6 months or a year. I also might let the balance ride on the CC a little longer. July is two months away, how much will two months of interest cost you?
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MJ2.0
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Post by MJ2.0 on May 15, 2015 9:48:48 GMT -5
well seeing as they're saving your ass, I don't think they suck much this month.  |
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tractor
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Post by tractor on May 15, 2015 9:49:00 GMT -5
Wait until they hit college age, they will suck you dry. Although, they are the best investment I ever made, I'm sure they will repay me when I'm old...
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MJ2.0
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Post by MJ2.0 on May 15, 2015 9:49:35 GMT -5
You have to do what you have to do to put food on the table. Why doesn't the wife get paid until July? Can one of you get a weekend job for a bit? you could whore yourself out to 1000 fat chicks for $50 each... |
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ArchietheDragon
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Post by ArchietheDragon on May 15, 2015 9:53:03 GMT -5
You have to do what you have to do to put food on the table. Why doesn't the wife get paid until July? Can one of you get a weekend job for a bit? you could whore yourself out to 1000 fat chicks for $50 each... not bad |
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ArchietheDragon
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Post by ArchietheDragon on May 15, 2015 9:54:12 GMT -5
well seeing as they're saving your ass, I don't think they suck much this month. I am not sure that solving the problem that they created counts as saving my ass...  |
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flamingo
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Post by flamingo on May 15, 2015 9:55:28 GMT -5
When I was a teen, my parents borrowed money from me a lot. For things like gas, or groceries. $20 here, $40 there. Not quite the same as $2500, though I'd have let them borrow that much too. I learned early about the power of interest-Oh, you want to borrow $20 til Friday? Sure, but come Friday, you'll actually owe me $25. Yes, mom, it will cost you to borrow from me |
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ArchietheDragon
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Post by ArchietheDragon on May 15, 2015 9:55:53 GMT -5
You have to do what you have to do to put food on the table. Why doesn't the wife get paid until July? Can one of you get a weekend job for a bit? She has been on maternity leave. She starts back at her job (teaching) at the end of August, but because of the way they pay she said she starts getting her salary in July... |
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ArchietheDragon
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Post by ArchietheDragon on May 15, 2015 9:56:25 GMT -5
When I was a teen, my parents borrowed money from me a lot. For things like gas, or groceries. $20 here, $40 there. Not quite the same as $2500, though I'd have let them borrow that much too. I learned early about the power of interest-Oh, you want to borrow $20 til Friday? Sure, but come Friday, you'll actually owe me $25. Yes, mom, it will cost you to borrow from me At least they don't yet know that they have the money or that I will be borrowing it. |
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MJ2.0
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Post by MJ2.0 on May 15, 2015 9:57:17 GMT -5
well seeing as they're saving your ass, I don't think they suck much this month. I am not sure that solving the problem that they created counts as saving my ass... well you created them, so who's fault it is really?  |
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ArchietheDragon
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Post by ArchietheDragon on May 15, 2015 9:57:51 GMT -5
I am not sure that solving the problem that they created counts as saving my ass... well you created them, so who's fault it is really? dammit... walked myself in a logical trap. |
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MJ2.0
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Post by MJ2.0 on May 15, 2015 10:00:07 GMT -5
You have to do what you have to do to put food on the table. Why doesn't the wife get paid until July? Can one of you get a weekend job for a bit? She has been on maternity leave. She starts back at her job (teaching) at the end of August, but because of the way they pay she said she starts getting her salary in July... I thought the baby was close to a year old? Or am I thinking of someone else? |
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ArchietheDragon
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Post by ArchietheDragon on May 15, 2015 10:01:20 GMT -5
She has been on maternity leave. She starts back at her job (teaching) at the end of August, but because of the way they pay she said she starts getting her salary in July... I thought the baby was close to a year old? Or am I thinking of someone else? He was 11 months old 2 days ago. Cute little bastard. |
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Deleted
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Post by Deleted on May 15, 2015 10:01:53 GMT -5
What did you do with your tax return money? With all those babies you should be making bank Personally, I'd be teaching myself a lesson over this one & sell the investments. I made it a policy never to raid the kids' money, no matter how broke I felt. I think it is a bad habit to get into. It isn't your money. Now get thee over to a debt elimination board and get yourself back on track!!! |
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ArchietheDragon
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Post by ArchietheDragon on May 15, 2015 10:03:04 GMT -5
What did you do with your tax return money? With all those babies you should be making bank Personally, I'd be teaching myself a lesson over this one & sell the investments. I made it a policy never to raid the kids' money, no matter how broke I felt. I think it is a bad habit to get into. It isn't your money. Now get thee over to a debt elimination board and get yourself back on track!!! Tax return money covered a month of negative cash flow. I am not into teaching myself lessons if I can help it. |
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midjd
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Post by midjd on May 15, 2015 10:03:18 GMT -5
My mom borrowed a similar amount from my younger sister about 10 years ago... although I'm not sure if "borrowed" is the right word, since my sister had some pointed questions when she saw her bank account balance was about half of what it should have been. (The accounts were all linked to my mom's so it was easy for her to transfer back and forth). I'm pretty sure it got paid back eventually but I know better than to ask about it  Anyway, if the kids are young enough they don't know they even have money, as long as it's repaid in a timely manner I wouldn't worry about it much -- unless it becomes a pattern. And your kids are too cute to suck  |
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ArchietheDragon
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Post by ArchietheDragon on May 15, 2015 10:06:09 GMT -5
I even started washing and ironing my own shirts to save a little money and I have been bringing my own lunch. Sacrificing sucks, too.
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NancysSummerSip
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Post by NancysSummerSip on May 15, 2015 10:08:31 GMT -5
I even started washing and ironing my own shirts to save a little money and I have been bringing my own lunch. Sacrificing sucks, too. My tiny violin is broken right now, or I'd play My Heart Bleeds For You.  |
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movingforward
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Post by movingforward on May 15, 2015 10:10:04 GMT -5
Where did the kids get the money from - grandparents?
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ArchietheDragon
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Post by ArchietheDragon on May 15, 2015 10:10:28 GMT -5
Where did the kids get the money from - grandparents? yeah, family. |
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Tennesseer
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Post by Tennesseer on May 15, 2015 10:13:58 GMT -5
My mom borrowed a similar amount from my younger sister about 10 years ago... although I'm not sure if "borrowed" is the right word, since my sister had some pointed questions when she saw her bank account balance was about half of what it should have been. (The accounts were all linked to my mom's so it was easy for her to transfer back and forth). I'm pretty sure it got paid back eventually but I know better than to ask about it Anyway, if the kids are young enough they don't know they even have money, as long as it's repaid in a timely manner I wouldn't worry about it much -- unless it becomes a pattern. And your kids are too cute to suck And paid back with interest. |
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NoNamePerson
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Post by NoNamePerson on May 15, 2015 10:14:23 GMT -5
I even started washing and ironing my own shirts to save a little money and I have been bringing my own lunch. Sacrificing sucks, too. My tiny violin is broken right now, or I'd play My Heart Bleeds For You. I was about to post "the world's tiniest violin" but we'll go with yours!!! And why do I think Archie is pulling our collective legs - just me being skeptic again?  |
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Chocolate Lover
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Post by Chocolate Lover on May 15, 2015 10:14:30 GMT -5
I even started washing and ironing my own shirts to save a little money and I have been bringing my own lunch. Sacrificing sucks, too. Eating your wife's cooking for lunch sucks?  Or are you bringing boring old sandwiches instead of leftovers? |
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MJ2.0
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Post by MJ2.0 on May 15, 2015 10:14:34 GMT -5
I thought the baby was close to a year old? Or am I thinking of someone else? He was 11 months old 2 days ago. Cute little bastard. he is pretty cute... so get him a baby modeling contract. Time to put him to work! |
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Ryan
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Post by Ryan on May 15, 2015 10:15:54 GMT -5
I feel like tloonya. Next month I will probably have to borrow money from my daughter to pay the bills. We had a lager than normal credit card expense in April due to going on vacation (which in retrospect, probably was not the wisest idea) which will wipe our savings account down to $600. We have been running a negative monthly cash flow of about $1500 (not counting the vacation, so next month I don't think we will have the cash to cover it. I don't want to sell investments. I already stopped our ROTH contributions, but don't want to stop my 401k contribution. At least my daughter has about $2500 that I can borrow and the other kids have another $1500 or so if we need it. My wife said she starts getting paid again starting in July. I really hope that is true. Kids suck. Are the investments in retirement accounts? If not, why wouldn't you want to sell them? |
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NancysSummerSip
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Post by NancysSummerSip on May 15, 2015 10:16:40 GMT -5
My tiny violin is broken right now, or I'd play My Heart Bleeds For You. I was about to post "the world's tiniest violin" but we'll go with yours!!! And why do I think Archie is pulling our collective legs - just me being skeptic again? I think Archie is just TLoony lonesome and is looking for some attention.  |
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ArchietheDragon
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Post by ArchietheDragon on May 15, 2015 10:18:03 GMT -5
I feel like tloonya. Next month I will probably have to borrow money from my daughter to pay the bills. We had a lager than normal credit card expense in April due to going on vacation (which in retrospect, probably was not the wisest idea) which will wipe our savings account down to $600. We have been running a negative monthly cash flow of about $1500 (not counting the vacation, so next month I don't think we will have the cash to cover it. I don't want to sell investments. I already stopped our ROTH contributions, but don't want to stop my 401k contribution. At least my daughter has about $2500 that I can borrow and the other kids have another $1500 or so if we need it. My wife said she starts getting paid again starting in July. I really hope that is true. Kids suck. Are the investments in retirement accounts? If not, why wouldn't you want to sell them? No. My taxable account. I don' want to generate taxable income if I don't have to. |
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yogiii
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Post by yogiii on May 15, 2015 10:21:19 GMT -5
Shouldn't you have had 1 million in EF money before your wife took a year off? |
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