Mini-Confessional

Outside of the parenting piece, the hardest part of getting divorced hadn’t been coming out, it has been finances. I’m not poor at all, but prior to the day things-fell-apart, I was not the captain of the financial ship. I diligently earned the money, found creative ways to stay in the budget given me, but didn’t set that budget nor actively paid bills. I now find myself in a place I’m having to relearn some skills I was never really stellar at in the first place. I’m starting this finances how-to tonight and actually pretty excited. Because what I really want is for somebody to tell me what to do and tell me its possible. Actually what I really want is to magically be a trust fund child with a memaw who owns a series of high end strip malls in Taiwan, but we all can’t be #blessed…

Budgeting 101: An Introduction to Not Screwing Yourself Over Every Month

Hello and welcome to Budgeting 101. I’m The Responsible Adult and I’m here to help you manage your money and figure out what you can actually afford on your piss-poor salary.

I’ve created some budgeting spreadsheets for y’all ranging from super simple to very detailed. You can download them here. Explanations & (very basic) budgeting guide behind the cut.

WARNING: MATH SKILLS REQUIRED. HAHA, SUCKERS, YOU THOUGHT YOU WOULDN’T USE THIS IN REAL LIFE.

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If anyone is interested in Regency Era finances here are some links I found helpful: 

Currency Converter: Will convert any amount in yeas between 1270-1970 to 2005 BPS. 

Pride and Prejudice Economics: Explains exactly how much Mr. Darcy and Mr. Bingley are worth, as well as provides a charge of Jane Austin’s (and some of her characters’) yearly expenses and incomes in 1810 BPS and 2008 Spending Power. 

Cost of Living: Similar to the above link, explains how much one would have to make yearly to live comfortably. 

Master Post

Sense and Sensibility pdf: Chapter 2 is where Fanny and John Dashwood talk about how much money they aren’t going to give his step-family. (Suggested by the wonderful notsomolly).

Grow Up and Buy Your Own Damn Groceries

When people first move out, they’re completely at a loss on how to buy groceries. Sure, you know how a grocery store works in theory and you’ve used it to buy crackerjack or whatever it is kids are into these days, but you’ve never really had to fill an entire kitchen with supplies. And then do it again and again ad nauseam. So you make multiple trips because you keep forgetting things and all kinds of shit goes to rot in your fridge or on your counter. But fear not, young one, we are here for you.

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Pansexual genderfluid person in need of money

Please, if anybody can help me, I need you. I live in a toxic household where my girlfriend is considered a guy and called “he” around me until she gets her surgery, and my sexuality isn’t valid. I have no money to get out, or even to feed my pets, pay my hone bill, or get birth control, let alone eat. M mum signed off on my car, so technically the car I paid for is hers. If I leave with it, i can get arrested if she doesn’t know where it’s at.  My family takes my money without asking. 

I see people on here constantly getting thousands for surgeries and other thing. All I’m asking for is maybe 5-20 bucks so I can afford to eat and get out of here. Please, please fucking help me.

I can’t do it anymore.

Edit: I don’t have a donate button yet, I’m working on that. I have just made a paypal account, and if you can help, please please do. My paypal address is zombre1@live.com . please, please help me

Even reblogging this helps. I appreciate attempts or even general knowledge that I need help

Ask Me Anything: Is it ok to worry about med-school debt?

thecraftypremed asked:

Hiya Dr. Cranquis!

One of the things I’m concerned about going into the medical profession is the amount of debt I’d be going into. I know money shouldn’t be of concern if I’m going into a career that I want to be in, but I also don’t want to be in a financial mess. How do you manage to pay off student loans while getting on with your life (having a Cranq-family & all that jazz)? 

EXCELLENT question - I’m going to start off by pointing you to me #financial aid tag, which contains quite a few prior replies/posts about this very question.

However, I also want to specifically address a misconception I detected in your question: “If you’re going into a career which you enjoy, and/or which is primarily focused on helping others, then it’s uncouth/impolite/a sign of weakness to express concern about the financial debt which that career entails, right?”

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Guys, I need your help. I’m currently being threatened with imminent legal action by a former New South Wales police officer for blogging about his trial. I’ve received legal advice that the case is extremely winnable, but I’m seriously concerned about being able to raise my legal costs in time, and I’m afraid I have to turn to my various communities for help

GUYS PLEASE SIGNAL BOOST THIS AND GET IT AROUND, MY FRIEND REBECCA NEEDS HELP AND WE’D BOTH REALLY APPRECIATE IT

Debit vs Credit

So a few months back, I wrote The Responsible One’s Guide to Convincing Credit Companies You’re Not a Worthless Bag of Shit, and recently I received a question asking about the difference between credit and debit, so this is what that is.

Alright, let’s talk about debit cards. Debit cards, also called bank cards, are the new cash. They’re this piece of plastic that you can use to buy shit pretty much wherever and they’re linked directly to your checking account. Back in my day, when debit cards were first getting started, they were basically like checks, and only linked to your specific bank, which meant that if you shopped anywhere that didn’t know your bank, the store wouldn’t take it and you were basically fucked. But, dear children, you are in luck, because unless you go to a small town bank that’s stuck in the 1990s, your debit card is backed by a credit company and is therefore more credible, yay! That little Mastercard or Visa logo is probably why people don’t know the difference between credit and debit.

Think of it this way, debit cards are like checks in digital form. You are limited to what’s in your bank account. This could be a lot or this could be absolutely fucking nothing if you’re poor as dirt (like me). Sometimes you try to spend more than is in your account because, well, probably because you’re a fucking idiot, and depending on what kind of checking account you have, this could go in a few different ways. 1) Your card gets declined and you’re forced to pay in more, ahem, creative ways. 2) Your bank pays the bill for you, but you now owe them for that and for saving your sorry ass. That fun little surcharge is called an overdraft fee, which brings us to 3) Overdraft Protection. If you’re lucky and moderately trustworthy, you might have this. Basically, the bank says “Hey, you seem like a pretty good guy, let me loan you a little bit of money to cover that charge. I’m sure it was important. It’s cool man, I got this, you can pay me back tomorrow.” In this case, you don’t pay the overdraft fee—but you do pay for overdraft protection. And if you’re someone that always knows exactly what’s in their account (because it’s only 2¢ anyway) and you never use more than you have, you’re paying for something you’ll never use. Which is why banks will try to sell you on this and take advantage of you. But, if you are at the risk of overdrawing, this protection could be a life-saver. So that decision is up to you and your bank.

Okay, to summarize so far: debit cards are from your bank and linked to your checking account. This is money you actually own. Which brings us to credit cards, which is a card linked to money someone else owns. That someone else is a major company and they will either be your best friend or your worst enemy, so be very careful here. Once you’ve convinced the credit company that you’re semi-trustworthy, they give you a piece of plastic with your name on it and link it to a line of credit.

Do not think of this as free money. The best thing you can do is imagine your credit card company as a really shady and really fucking mean loan shark. He’s gonna give you, let’s say, $500 to start. He doesn’t know you yet and you probably don’t have a credit history or make all that much money because you’re a poor college student, so he’s not going to trust you with very much right now. So you have this money available to you and you can use it anywhere, at any time. But, even though it’s not attached to your bank account now, you still need to pay that. At the end of the month, the shark’s gonna want back whatever of his money you spent. Maybe you went out and bought $500 worth of My Little Pony memorabilia because you’ve never had that much money at once and you panicked and spent it all immediately. Fine. Whatever. You now own the guy $500. If you do not have $500 on you, you can set up a payment plan, only this guy’s real tough and he wants back his $500, plus 18% on whatever you don’t pay him right away. This rate—your credit rate—will vary based on your history, your income, the company, and your general overall level of shadiness. You’re probably looking at something pretty high, unfortunately. Actually, 18% might look like a fever dream to you. So anyway, now you owe a shit ton of money because you used more than you had. Sucks to be you.

So why get a credit card at all? Because they can help you pay for big ticket items like washer/dryer sets and concert tickets while you’re waiting for your next paycheck. Maybe you’re one of those poor unfortunate souls that only gets paid once a month and you’re still a week and a half away from payday and no matter how much you want to see the Wiggles, you need like, food and shit. So you use the credit card to buy the tickets now, but you pay it off as soon as you get paid. Credit cards are a good little buffer that can get you out of some tight jams. Also, credit cards come with great rewards programs, which I talked about in my previous post. Definitely take advantage of those if you can. Really, if you don’t, you’re a dumbass.

Alright, so, security. What’s the difference between credit and debit? Well, when you use the card in the store, the general rule of thumb for credit is you sign the receipt, and that goes for debit too, unless you scan the card yourself, in which case, it’s gonna ask for your PIN. That means Personal Identity Number and I really shouldn’t have to explain beyond that. So, ideally, no one knows your PIN or can sign your name like you do. We don’t really live in an ideal world, though. Statistically, unless you know the fucker, the chances are pretty good that the guy who stole your debit card won’t know your PIN, and he’ll have to run the card as credit. If you see charges on your card that aren’t yours, you can get copies of that signature and hopefully prove that it wasn’t your signature.

Credit cards also have some built-in security and are more likely to cover you for fraudulent charges. Oh shit, that was a big word. Okay. I’ll slow it down for you. These are charges that you didn’t make. Some asshole snagged your new card out of your mailbox and went to town with it, or maybe your numbers were stolen a la last year’s Target debacle. If you report these, the credit card might be able to cancel the charges or at least take them off your account. This is when it’s important to be on the credit company’s good side and have a good plan. Banks, on the other hand, might not be in a good enough position to do this for you. So while they can promise you immediate funds, they can’t do a whole lot to get your money back after it’s been stolen.

In Conclusion

Advantages of Debit

  • Immediate funds
  • Overdraft Protection (maybe)
  • Easy access to your checking account without having to use check or cash

Disadvantages of Debit

  • May not be accepted everywhere or small stores might charge you a service fee or require a minimum purchase amount to use
  • You’re kind of fucked if it gets stolen.

Advantages of Credit

  • Accepted basically everywhere (except for that gas station in Cabin in the Woods, but try to avoid that place in general)
  • Easy to pay off big items over time
  • Access to funds while you’re waiting for a paycheck
  • Added security against fraudulent charges

Disadvantages of Credit

  • High credit rates - you pay more than you borrowed if you don’t pay it back right away
  • Doesn’t immediately come out of your bank account - budgeting skills are required
  • No overdraft protection - card will be denied (usually, not always the case)

That’s my quick and dirty guide to debit vs credit. It’s entirely up to you and your financial situation which card you choose to get and which you choose to use at what time. I recommend having both, but this requires a lot of financial responsibility and you assholes may not be up to the challenge.

I hate those fuck faces who are against welfare and say shit like: Helping other people should come from the goodness of your heart and not from a government program!

Because there is no way in hell that any charity makes enough money to pay for medication, food, housing, heating, etc. for the working poor.

You all are either delusional as fuck and think the working poor (or disabled, or unemployed, hell I’ll include all in poverty) only need “.maybe $5 every so often” or you guys are smoking some incredibly strong stuff that’s destroying your brain cells.

4 Things to do Before Making Any Financial Decisions

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By Marietta Jelks, editor of the Consumer Action Handbook

Making financial decisions can be confusing and overwhelming, to the point that you do nothing to prepare for your financial future. Don’t fall victim to that feeling; take these steps to protect your hard-earned money and give you financial peace of mind:

Set a goal. Just as if you were shopping for a car, know what features you want to have in your credit card, investment, budgeting spreadsheet or any other financial resource. Establish how you want to use this particular resource and keep that goal in mind.

Shop around. Collect information about the options you are considering. Read and compare the overviews of different types of accounts, ask trusted friends and family about their choices and interview several financial planners to determine if they fit your needs.

Read contracts, account policies and disclosures. It’s tempting to sign contracts without reading them or all the fine print in account disclosures. Don’t give in to that temptation; many important details about your rights, minimum balance requirements, and fees are included in these documents.

Beware of scams. Unfortunately, some shady companies or professionals have the gift of gab that will make a disastrous investment sound like a golden opportunity.

We also developed a free packet of valuable publications to empower you while making financial decisions. Order the Financial Foundations toolkit for you and your family to get the advice and confidence you need.

Also, stay tuned to our blog throughout Financial Literacy Month. We’ll be offering many practical tips in the areas of credit, money management, investments, and retirement.

We want to extend a huge thanks to our partners for Financial Literacy Month:

  • Department of Labor

  • FINRA Foundation

  • America’s Health Insurance Plans

  • Federal Trade Commission

  • Social Security Administration

  • America Saves

  • IRS

  • FDIC

  • Consumer Financial Protection Bureau

  • U.S. Commodity Futures Trading Commission

  • Securities and Exchange Commission

  • USDA Extension
Read this note in Spanish.
Watch on learnhowtoadult.tumblr.com

In this week’s episode, we discuss the all-important first step toward channeling your inner Scrooge McDuck: opening a checking and/or savings account! How do you open a bank account? What is each account for? And what the heck is the difference between a debit card and a credit card?!

If you’d like to see more weekly “How to Adult” videos from ElmifyT. Michael Martin, and Hank & John Greenbe sure to subscribe!

P.S. This week’s episode was written by the amazing Alan Lastufka. Check him out at alandistro.tumblr.com and alanlastufka.com.

please help and reblog this!

Hey everyone!

I thought I should make a neater, more condensed post asking for help.

As some of you are aware, yet many are probably not, I have been asking for donations for a while to help me get through school while I deal with chronic illness.

Well, as it turns out, I happen to have Stage 3 Lyme Disease, otherwise known as “chronic” Lyme.

Now, I’m still struggling with trying to pay for my cost of living and my education, but unfortunately, the naturopathic treatment that I need for this disease isn’t covered in Canada.

And since I don’t have a job, I also don’t have any options for extended medical benefits. Moreover, the doctors I need to see are located 20+ hours away from me, and I’ll need money for travel, food and a room to stay in.

So, please, if you aren’t able to donate I compleeeeteely understand. But, there may be others out there that are able to, so reblogging this is a huge help.

Thank you for taking the time out to read this! 

Donations can be made to my paypal. There’s a donation button on my blog page at www.illusoryacid.com

The e-mail for my paypal is tpnw@hotmail.ca

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