Postby Speaker to Animals » Sat Aug 26, 2017 5:55 pm
Speaker to Animals wrote:
Smitty-48 wrote:Yeah, it's less if you have the cheque in hand, but for a payday loan, money to go drinking now, charge me interest to payday, it was a high interest rate, but it was only for a week or so, so it's not like the interest compounded massively. Obviously you have to pay the loan off at payday, but even as a quasi adolesecent punk ass, I still managed to make sure that happened on time.
If you gotta tighten that belt and do whatever it takes to pay down that loan, then that's what you do, even as a teenager I could figure it out.
Payday loans are for emergencies. If you use it to get drug/alcohol money, you have a lot worse problems in your near future than your car getting repossessed.
LMFAO, no.
I just watched a former professional slowly kill himself in the apartment complex I lived in a few years ago. Drugs affect everybody. People are on drugs because they are poor, but they sure as shit will be poor because they abuse drugs..
Smitty-48 wrote:Yeah, it's less if you have the cheque in hand, but for a payday loan, money to go drinking now, charge me interest to payday, it was a high interest rate, but it was only for a week or so, so it's not like the interest compounded massively. Obviously you have to pay the loan off at payday, but even as a quasi adolesecent punk ass, I still managed to make sure that happened on time.
If you gotta tighten that belt and do whatever it takes to pay down that loan, then that's what you do, even as a teenager I could figure it out.
Payday loans are for emergencies. If you use it to get drug/alcohol money, you have a lot worse problems in your near future than your car getting repossessed.
Of course that is true, but it's true whether the vessel is Bank of America or E-Z Cash.
The time value of money is a fluid concept, completely dependent on context.
As long as the disclosure of cost is open and honest, why is Joe-Broke's decision to float a 10-day loan to pay his child support on time different, morally, from Smits-Broke's decision to float the same loan to up his game for some trim on a short window?
I will gladly pay you Tuesday for a game chance at a shot of pussy tonight!
Honestly have never met an abjectly poor person who wasn't suffering from an addiction related problem, you might not be able to get rich here just because you're shit's wired tight, but you're not going to be actually poor, if you just get up and go to work and then come home and bank the money. And by work, I am not in anyway meaning the coal face, nothing of the sort.
They have events every few months where people opening new accounts and the person referring them both get fifty bucks.
GrumpyCatFace wrote:Dumb slut partied too hard and woke up in a weird house. Ran out the door, weeping for her failed life choices, concerned townsfolk notes her appearance and alerted the fuzz.
Postby Speaker to Animals » Sat Aug 26, 2017 6:07 pm
The point, Smitty, is that one of the first orders of business to getting out of poverty is getting the fuck away from the banking system. When you have a higher income, you can stomach those fees, but that's not the case for a lot of people. This is why the check cashing places are on the rise.
Your moral posturing based on your wife's income is ridiculous.
Speaker to Animals wrote:The point, Smitty, is that one of the first orders of business to getting out of poverty is getting the fuck away from the banking system. When you have a higher income, you can stomach those fees, but that's not the case for a lot of people. This is why the check cashing places are on the rise.
Your moral posturing based on your wife's income is ridiculous.
I used to get tagged with fees by BoA all the damn time. I even got a check in the class action case they lost years ago. I never cashed it. It's in a box around here somewhere. Nine bucks and some change, I think.
I switched to Navy Federal to refinance a car around 2010, and I don't think I've paid a fee since. I think there's a third option here that isn't getting into the mix.
GrumpyCatFace wrote:Dumb slut partied too hard and woke up in a weird house. Ran out the door, weeping for her failed life choices, concerned townsfolk notes her appearance and alerted the fuzz.
Speaker to Animals wrote:Your moral posturing based on your wife's income is ridiculous.
I make no moral posturing, I simply don't find the lack of intervention by the state as being the cause of relative poverty, and I don't pretend that I give a tinkers cuss about the poor, when I don't actually, and I have enough income of my own to stave off poverty, I don't actually touch any of my wifes income, she spends most of it and relies on my assets for backup, once in awhile I cash out some assets to make a significant purchase, but mostly I'm cheap and don't spend much at all.
You know the funny thing is, other than significant purchases like houses and cars, I actually spent more money when I was comparitively poor, once I had a pension and an inheritence and investment properties and a portfolio of equity, my spending habits went completely in the opposite direction, it's true what they say, the more money you have, the more of a cheapskate you become.
