Category: finances

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People Break Down The Most Expensive Wastes Of Money

Money can be hard to come by these days. There’s often no room for error or waste.

A global study from 2014 showed that only 33% of adults were financially literate. The study measured the individuals understanding of basic numeracy, interest compounding,
inflation, and risk diversification.

With only a small percentage of the population able to understand 3 out of 4 of these concepts, there are a lot of ways people can waste money.

So we went to AskReddit to learn about the biggest wastes of money so we don’t make the same mistakes.

Redditor Animeking1108 asked:

“What is the most expensive waste of money?”

Get your note pads ready!

Scams around water.

“Designer water.” – invalidpassword

“Voss, Fiji etc.” – SnooPoems5454

“Voss has a good quality bottle. Buy it once then refill it from the tap for 6 months.” – Dr_D-R-E

“Smart water bottles are popular with backpackers for a similar reason. Thin, durable and lightweight.” – sctbct

“Or structured water.” – VattghernCZ

Phone psychics.

“My ex-girlfriend had an obsession with phone psychics. Not all at once, but over the course of a single year she spent over $15k getting ‘life advice’ from multiple psychic lines.”

“No one in her circle of family or friends could convince her to stop. I haven’t spoken with her in a few years but I wouldn’t be surprised if she’s still wasting her money on them.” – Hollywood899

“Haha my friend used to be a phone psychic and she got paiiiiid. She said the people who typically called would obviously want to hear her say certain things so she would say them and they’d just keep calling.” – wasabitamale

“She spent at least 41 dollars per day in psychics. Wow. Why not just learn magic herself at thst point?” – Yokhen

Forgotten on the train.

“Well, I bought some Christmas presents and then immediately forgot them on the train so I would say that lol. I went back the next day and literally bought the same stuff. I just hope whoever found it either needed it or uses it for their own gifts.” – FluffDuckling

“I bought Chanel glasses once and left them in a taxi before ever putting them on my stupid face.” – northshorebunny

“I forgot sh*t I purchased once in the cart when I got to my car. I didn’t take anything out.” – IronyIntended2

A mobile app.

“The I’m Rich app. When launched, the screen only contains a glowing red gem and an icon.”

“It cost $999.99. You can’t buy it anymore but it was an expensive waste of money.” – GonnaGoFat

“The guy did it as a joke too and people bought it thinking that no one would actually dump thousands on an app.”

“This message brought to you by [mobile app]. Use my code and save 5% on the $999.99 Christmas beginner package.” – PM-Me-Your-TitsPlz

“I feel like he could probably sell the NFT for that app.” – runawaycity2000

Shopping while hungry.

“Shopping when I’m hungry.” – thatluckyfox

“Lol oh yeah, go shopping for sponges and come out with $50 worth of junk food. Stopping at McDonald’s for fries beforehand has saved me so much money.” – Slight-Ad-1744

Cable is dying.

“Cable service, especially since half the channels are f* cking ads.” – Firebolt164

I was paying for YouTube TV for a while and then realized sh*t, I’m paying $65 a month for this and have a sh*t load of commercials. I could take that $65 a month and subscribe to the ad free versions of Paramount +, Disney +, Peacock, HBO Max, and Discovery + get all the same channels and have no ads.”

“TV service is f*cking insane.” – CrowGrandFather

“It’s even worse for us. We live out in the country 15 miles from the nearest town. Other only tv or internet service available is Satellite. We have Hughes net and Direct TV as the players. We have satellite internet and we had their TV service. It was atrocious. First, the 5 second lag between changing channels made channel surfing impossible. Second, they advertised a 200 channel package and we had 35 actual channels with content. The rest were all infomercials or music channels. We need to f*cking sue them for that ad practice.” – Firebolt164

Gender reveal party.

“A gender reveal party that burns down half of the state?” – wickedblight

“It really sucks that half of California is on fire but hey it’s a boy!” – DogsAreCool69420

“Too many people have tried to go all out for their gender reveal parties, and end up burning their house down, at the very least. Don’t understand it myself really. They already have baby showers. Just reveal the gender there. Why withhold what parts your child will be born with from friends and family to make a party out of something everyone is going to find out eventually anyway?” – Unabashable

“It’s very self indulgent. People act like they’re withholding information that you’d just die to hear when they make you wait for a gender reveal party. I’m happy for them but I couldn’t care less about the sex . My aunt asked me if I ever had kids what would I do for a gender reveal party. I did not mince my words: ‘I will take out my phone, find the family group chat and be like ‘what’s up fam! By the way it’s a boy. Now who’s up for painting the nursery?’” – blonderazor

What is it good for?

“War. Having a sworn enemy is expensive.” – theProfileGuy

“Did you know the war in Afghanistan cost the USA $300 million per day for two decades?

“Insanity.” – PM_ME_AYY_LMAOS

“Only expensive to the taxpayer and the ones fighting it. Profitable for everyone else involved.” – roundbrain5

“But free healthcare would be a waste of money?” – New_Needleworker6506

Payday loans.

“Payday loans. Is that still a thing?” – kincage

“Oh man I know this one. My dad lost his cushy a** job and had to take a massive pay cut so with all his expenses he’s on payday loan from A to pay back B to get more cash to pay off C and it goes on and on. My grandma always said my dad borrows from Peter to pay Paul. I’m not quite sure who those people are but it sounds right to me. Poor guy is still on that track almost 20 years later.” – PretendThisIsMyName

“I let them ruin my life. You think by the looks of things I must have had a serious drug problem to skid into the curb like I did, but no, it was predatory/payday loans. I got caught in cycle of bad credit and low liquidity. And worst of all, I believed it was ok. I’m nearing retirement age and it’s sad to think that if I hadn’t gotten on that treadmill, I could have done twice as much with my life than I did.” – NoPensForSheila

Being poor.

“Being poor is expensive as f@#k!” – Sterling_Thunder

“Yup, in many ways. One that I forgot about until recently was how much food budget is saved when one has a good fridge. I am currently in a temporary living space that has bottom of the line appliances. The fridge, while it keeps things cold, nothing lasts! I bought a weeks worth of veggies and by day two, the carrots in the crisper were no longer crisp. The second day! Poor people have challenges getting good fresh food but then it can go bad quickly even with working appliances.” – GorginaSpica

“Aka ‘the boots theory of socio-economic unfairness.’” – 84147

There are so many ways to make financial errors that lead down a rabbit hole.

Whether it’s the small moments like forgetfulness, or the big moments, like taking out loans that you can’t pay back, those mistakes can add up.

The cycle of poverty is incredibly difficult to break.

It’s not just about finding ways to reduce money waste for the individual, but the systemic and community based solutions that break generational poverty.

Though, this list is a start.

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Facts That Will Decrypt Cryptocurrency

Cryptocurrency is said to be the future of finance, but no one knows who started it or how it’s backed up exactly.

If cryptocurrency is a bit of a riddle to you, you’re not alone.

This probably won’t fix that, but it’s a good place to start or at least have some fun facts to drop at parties.

Here are some facts you should know about the digital currency.

What is it?

In its simplest form, Cryptocurrency is digital cash that can be exchanged online for goods and services.

It is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.

And no one can really regulate it.

A defining feature of cryptocurrencies is that they are generally not issued by any central authority, like a government.

That means that theoretically, governments can’t tamper with or manipulate them making them potentially more insulated from issues like inflation.

There are a lot of different types.

There are over 10,000 types of cryptocurrency currently in circulation.

On May 27, 2021, the total value of all cryptocurrencies was more than $1.7 trillion.

The most popular type of cryptocurrency is Bitcoin, which has a market capitalization of $735.3 billion. In the last 5 years the price of Bitcoin has risen 23%.

But no one knows who started it.

No one knows who created Bitcoin or even cryptocurrency in general.

The anonymous creator of Bitcoin is referred to as Satoshi Nakamoto.

A popular belief is that this name is an acronym for four leading tech companies:

Samsung, Toshiba, Nakamichi, and Motorola.

Before buying it you had to mine it.

Crypto-mining is the act of using high-powered computers to solve complex mathematical equations in order to find, verify, and log transactions.

Being the first to solve the equations came with a reward: cryptocurrency coins.

But, there are other types of cryptocurrency.

The second most popular crypto is Ethereum at $324.2 billion; the third is Tether at $61 billion.

They are all incredibly volatile because of market changes.

And people are super into it.

The currencies’ market capitalization is so high because much of the interest surrounding them right now is rooted in the trade for profit.

The total amount of Bitcoin in the world is limited. That’s why it continues to increase in value as supply decreases. Think of it as a finite resource like water or oil, someday, we will run out.

The technology behind cryptocurrencies is called blockchain.

People like it because it’s a decentralized processing and recording system and it can be more secure than traditional payment systems. Ensuring that there isn’t one central hub can protect the currency from cyberattacks.

But, not all countries trust it.

There are currently six countries that have banned all activities involving cryptocurrencies:

Algeria, Bolivia, Morocco, Nepal, Pakistan, and Vietnam.

Qatar and Bahrain ban the use of cryptocurrencies locally, but allow their citizens to trade crypto outside their borders.

China, on the other hand, is the biggest cryptocurrency miner.

Financial specialists have complicated views on the matter.

Billionaire Warren Buffet has stated that he doesn’t own cryptocurrency and probably never will since there is no real backing.

While explaining the risks of crypto, Buffett compared the currency to paper checks.

“It’s a very effective way of transmitting money and you can do it anonymously and all that. Are checks worth a whole lot of money? Just because they can transmit money?” – Warren Buffett

This is also because Buffett only invests in things he understands. So many people invest based on trends or what their advisors say, but professionals such as Buffett do their own research and only invest in things they can understand and back.

At the end of the day, planning your financial future and deciding where to invest your hard-earned money is a personal experience. So, do your research and remember that what works for some might not work for all.

Cryptocurrency might be a mystery for now, but technology influences the market often so, we must try to learn as much as we can and try to stay ahead of the curve.

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People Talk About the Worst Financial Advice Someone Ever Gave Them

It’s a darn shame when people make bad decisions with their money and they blow it all or take a hit so big that it changes their lives in a major way.

But it seems like it happens all the time, doesn’t it?

Check out these stories about bad financial advice that none of us should follow.

Folks on AskReddit talked about the worst financial advice they’ve ever received.

Let’s take a look.

1. Oh, Dad…

“My father would tell me to max my credit card on a new car and if they asked for payments just say “F**k em, what are they going to do?”

My father is several levels of debt hell deep that he’s trying to get out of now, but he’s at least trying.”

2. That’s a bummer.

“1976 San Franciso.

Keep renting, no one will ever pay $35,000 for a 2 bedroom house and garage with a sweeping view of the East Bay.

I went back to vist the old neighborhood a few years ago, those $35,000 stucco homes up many flights of steps perched on the top of Potrero Hill were now all gentrified, remodeled, gated, and asking $1M+ and that was 5 years ago.”

3. About that iPad…

“About 5 years ago, I had a friend who was trying to convince me to study through a private college because they “gave her a free ipad”.

She never finished the course, but kept the iPad (you only got to keep it once you pay your fees and graduate. Mind you, the price of the course included the iPad so it wasn’t free).

So last year, four years later, I get a call from the college asking for her contact info. She put me down as a reference and they were chasing her down because she still owed her fees and wasn’t entitled to keep the iPad.”

4. Not too bright.

“My cousin bought a camper, went camping once, and then decided camping wasn’t for them.

Rather than selling it they decided to just stop making the payments and “let the bank come and get it.”

Which, eventually, they did.”

5. Hmmmm…

“Don’t take a raise if it puts you into the next tax bracket.

And pay the minimum on your credit card to establish good credit.”

6. Ouch.

“”Don’t major in computer science. Computer scientists are a dime a dozen.”

I did not take that advice.”

7. Just run away!

“Guy I haven’t seen in three years or so wanted to talk me into starting a business with him, because he just got into college for a bachelors degree in business.

Yeah sure, let me get my cheque book out in this badly illuminated garage while we’re both dr**k. Guy also got into MLM and weird self-optimisation preachers.”

8. Okay!

“Get a bigger mortgage, you can deduct more from your taxes!

Yeah dumba**, and I’ll be spending double that amount in interest so why should I?”

9. Ignore it.

“Just ignore the collection call and eventually they will leave you alone….

I didn’t follow this advice.

I had a parking ticket I didn’t know about that ended up on my credit and the guy I mentioned it to gave me that bit of wisdom.”

10. Not a great time to do that.

“First year outta college, working for a financial advisor, and he tried to convince me to put 5% down and buy an apartment in Chicago.

It was the summer of 2007.”

11. Did the right thing.

“”Don’t go to community college, you’ll never get a job. Instead apply at X and X colleges.”

My grandmother, aunt, uncle, and cousin all told me this, and I really considered their advice because my parents really didn’t give a s**t what I did.

Since I didn’t get any scholarships from high school, I decided at least if I went to CC and didn’t get a job I wouldn’t have student debt and I could just do something else.

I went to CC for two years totally free on FAFSA grants (it was 800$ a semester LOL) and did so well I transferred to a university with a (almost) full ride.

I am now a semester away from graduation with a job lined up and all of 4k of student debt which is likely to be forgiven anyway.”

12. Come on!

“Incite me to go to a real expensive restaurant where you can spend easily $250 without drinks at a time I only had $700 in bank account and had not paid for my car, groceries and stuff .

Because “Come on we only live once”.”

13. Time to take a trip.

“My ex (in his mid twenties and lived at home with no expenses) went out of the country for two weeks with a budget of $2700.

He was real proud of his breakdown: $1000 credit available on credit card A, $1000 credit available on credit card B, $300 in available overdraft, $100 in chequing, $300 in savings.

I tried to explain that this is not a great way to budget for a trip, and his response was “credit cards are meant to be used. As long as you pay the minimum payment, you’re good. What do you know about credit cards? You never use it? Start using yours more before you talk to me about money”.”

How about you?

Have you received any bad financial advice?

If so, please tell us about it in the comments. Thanks!

The post People Talk About the Worst Financial Advice Someone Ever Gave Them appeared first on UberFacts.

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People Talk About Bad Financial Advice They’re Received

I guess bad financial advice can come from anyone, sometimes even from folks who really believe that they have it all figured out when it comes to finances.

But you always need to be wary and you need to do your homework when you get money advice from anyone, no matter who they are.

Folks on AskReddit shared stories about really bad financial advice they received.

Let’s see what they had to say.

1. Car talk.

“My aunt took me to a car dealership when I was looking to buy my own first car. I was looking at the clunkers I could afford, but she said I should be looking at the new cars.

She said, “the total price doesn’t matter because you make monthly payments.” I suddenly understood too well why she had always been so financially unstable.”

2. Not gonna happen!

“A relative tried to recruit me into Amway.

He wound up stuck with a garage full of their products.”

3. Nope!

“Yeah even if they’ve recently robbed you, you should still lend them the 500$ dollars they need to move to another city, they’re your family after all.

-Dad.

I don’t even know how mom married your dumb a**.”

4. You sure about that?

“My FIL when I mention our retirement plan “I never contribute to my retirement account. Money now is always better than money later”.

I needed to have a conversation with my husband how we would NOT be supporting his mom and dad and their insane spending when they have no retirement plan and make huge financial mistakes on a weekly basis (good news is they both make good money).”

5. Son, let’s have a talk.

“I got 90 dollars and my 11 year old son told me I should buy 90 dollars worth of kazoos.

No real plan past that…”

6. Rent to own.

“”Just get it at Rent-A-Center.”

I had a coworker that got pretty much everything there.

“It’s only $20/week, and they’ll replace it if it breaks.”

$20/week for how long? Oh cool, so you’re paying more than double for it? Got it.”

7. Burning a hole in your pocket.

““Spend it quickly or it’ll get stolen.”

Coming from someone with a history of losing and blowing their money.”

8. Not a joke.

“That an emergency fund wasn’t necessary when you can always get a payday loan or use your credit card.

He wasn’t joking.”

9. Really bad advice.

“One of my uncles once told me that I never really had to pay my phone bill.

He suggested that I simply jump to another carrier and let the first company cut you off.

His life has turned out exactly as you’d imagine.”

10. Oh, boy…

“”Once you cut up the credit card, you don’t have to pay it.”

My cousin is not doing so hot.

I’m pretty sure there are warrants out for his arrest in several states.”

11. I’m just vibing over here.

“”Just get another credit card”.

From my friend who hasn’t worked in 3 years and is currently just vibing with his new credit cards he somehow got approved for.”

12. Don’t listen to them.

“So when I was 24, I was financially struggling. I had a job that worked me a LOT of hours, but only paid me $10 an hour.

My parents talked me into buying a BRAND NEW 2004 4-Door Honda Civic, the pre-interest price tag on it was about $25,000. A few weeks after getting it, my hours got regulated and it took one entire paycheck to make the monthly note on it – I could NOT afford the insurance on it.

I very quickly realized my parents were bad at money.”

Now it’s your turn!

In the comments, please tell us about the worst financial advice you’ve ever received.

We look forward to hearing from you!

The post People Talk About Bad Financial Advice They’re Received appeared first on UberFacts.

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What’s the Worst Financial Advice You’ve Received? Here’s What People Said.

The older you get, the more you realize how important it is to be smart with your finances…because a few costly mistakes and you could be in big trouble.

So let’s all try to avoid the advice that you’re about to hear from people…

What’s the worst financial advice you’ve ever received?

AskReddit users shared their stories.

1. Thanks, Dad.

“My dad in 2008 – “Don’t invest that $1,000 into Apple.”

My dad in 2012 – “Tesla is a pipe dream. Stock won’t be worth the paper is printed on.”

2. Hmmm…

“Don’t pay off your entire credit card balance when the bill comes.

Pay it slowly so that it shows your ability to pay debt over time.

This will help your credit score.”

3. Don’t take that advice.

“”Lease a car, don’t buy used”

leased car price -> $25,000

My used car I drove for multiple years without maintenance (aside from tires/oil) -> $3,000.”

4. Time to leave.

“My husband and I were looking to sell our home and buy another and the realtor told us to put 99 dependents on our taxes so we make more. She said she had done it for years and it was fine.

We left pretty quickly after that.”

5. Doesn’t work for everyone.

“Take out a student loan.

You’ll be able to pay it back easy when you have a degree.”

6. Go your own way.

““Don’t be a programmer. Your job will get outsourced to India.” – my dad when I told him excitedly as a teenager that I tried coding and loved it.

I ignored his advice and I’m now a programmer and still love it. Oh, and the pay is great too. I am now making a lot more than he ever did.”

7. Just do it!

“To buy a house when they were giving them out like candy several years ago. I had bad credit and an unstable job, I said no way.

So many people were pressuring me. All those people lost their houses. Those balloon payments are no joke.”

8. Don’t understand…

“Recent terrible advice: I got hit while driving on a highway and have a crinkled in rear side fender and cracked tail light. I can still drive it, but who knows what damage is underneath.

My car is only 5 yrs old with maybe 60k miles, so it’s still a great car. Yet, my early 20s friend said I shouldn’t get insurance to fix it and instead just “pocket the deductible to save up for a down payment on another car”. Or maybe file the claim and pocket the money.

My deductible is $300, and I wasn’t at fault, so the other person’s insurance is likely going to pay my deductible. I just straight up cannot understand where he is coming from. Why wouldn’t I get the car fixed so I have a fully functional, reliable car? It’s, at most, $300. I just don’t understand.”

9. A big mess.

““If you can’t afford to pay back your student loans just ignore it. Can’t bleed a turnip…” – My father.

He followed it with something along the lines of “what’s the worse they can do to you?”

The answer… ALOT. They can do a lot to you.”

10. Can’t do that.

“My parents and grandparents keep pressuring me to quit my job because I’m pregnant. They think my husband’s job will sustain us and we’ll just have to penny-pinch a little more.

I don’t know if they realize that we all live in America. It will absolutely take both of our incomes to raise our child, especially since I’ll be taking 12 weeks of unpaid maternity leave in about a month.”

11. Never heard that before.

““Saving money attracts bad luck” “Do not save or else you’ll end up using it for an emergency”

It’s a Filipino superstition that “saving” attracts an emergency. Do not save so that you don’t experience an emergency.

Being frugal is frowned upon. What happens if an emergency happens and they have no savings?

They “borrow” money from frugal people and if you say no to them because you know they spent their money on useless things they will say “you can not bring all your wealth to your grave”.

I choose the people who I lend/give money.

“Buy things to see the fruit of your labor”

When buying new expensive items, sometimes things they don’t really need. I have no problem on this if only they use this words once in a while but do it every paycheck is too much.

Then they will proceed to tell me buy stuff like them and not be frugal because you know, you can’t bring all those money to the grave so might as well use it immediately.”

12. Sure about that?

“Several years ago, my company went under new management. They were going to have to pay us all of our remaining, unused PTO. I figured, great, I have a ton of PTO left, like $5000 worth. (I had A LOT of unused hours)

One of my colleagues said “YOU’RE going to be hit with taxes.” And she said it like “oh, you better be prepared. Don’t get excited, they’re going to tax the s**t out of you anyway so don’t expect much!”

I get hit with taxes every paycheck, lady. And when I did the math, they didn’t take out a higher percentage of that PTO than I normally have taken out of my paycheck, so when I did the math beforehand, I managed my expectations well

Then, I was a manager of a call center. The call center agents made 12.00 an hour, but once I came in, I raised it to 15.50 an hour. One of them complained to me that this means her taxes are being raised and she’s earning less. She didn’t see the higher number on the bottom of her check for some reason.”

Have you ever received any bad financial advice?

If so, please tell us about it in the comments.

We’d love to hear from you!

The post What’s the Worst Financial Advice You’ve Received? Here’s What People Said. appeared first on UberFacts.

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This Woman Asked If She’s Wrong for Calling Out Her Friend for Not Buying Her House

It’s strange to me what people choose to get competitive about in life…

Especially with people who are supposed to be their friends…

But you see it all the time! And here’s another glaring example from the “Am I The A**hole?” page from Reddit.

Take a look at this story and tell us if it sounds familiar at all…

AITA for telling my friend her parents bought her house, not her?

“The title sounds bad but hear me out.

Backstory: I (F28) have a friend (F28) who purchased a house late last year. It’s an awesome 2 story town house and I’ve been over there plenty of times to help out with moving/decorating and for hanging out.

As mentioned in the title, her parents purchased the house for her and her partner. I truly have no issue with this as the housing market is terrible for buyers so more power to them for being home owners. I recently, unfortunately inherited my parents house, which is 3 bedroom, out in the sticks.

The issue: We went appliance shopping because most of the the stuff in the house was 10-15 years old. We were standing with an employee who I had asked to recommend some smaller items like toasters and kettles when the employee asked if I was moving out as general chit chat. I told him I was moving, and he asked whether I bought or rented.

I told him bought, because it was just easier and less awkward than telling him I inherited the house. He told me that was cool and began talking about the toasters again when my friend cut in that I had inherited my house, not purchased it. The employee went quiet and I gave her a “what was that” face. I was taken aback, she continued on saying “Yeah, I purchased my house”.

I asked “does it really matter? I’m here to buy some kitchen appliances not tell this guy my personal issues.” She grinned and said “it’s just for the record” which made me more confused and annoyed. (You can probably see where this is going) I replied “Oh okay then if it’s just for the record your parents purchased your house for you.”

The employee quickly retreated and she walked outside of the shop. I caught up with her and she said I was a massive a**hole for pointing out she couldn’t afford to own without her parents help. I returned with a very similar “my parents also helped me with getting a house too, just in a really terrible way.”

My partner agrees with me, saying that she’s the one that opened that door, but our other friends are split almost 50/50.”

Reddit users shared their thoughts about this story.

This reader said that the woman who wrote the post is not an a**hole and that her friend sounds very catty.

Photo Credit: Reddit

Another person said that the woman should have defended herself.

I agree!

Photo Credit: Reddit

This individual argued that this woman might want to reevaluate her friendship with this person…

Photo Credit: Reddit

And this Reddit user shared their own personal story about how some “friends” can get pretty jealous and competitive when it comes to houses AND house sizes.

Photo Credit: Reddit

Do you think this woman acted like a jerk?

Or was this no big deal?

Sound off in the comments and let your voice be heard!

The post This Woman Asked If She’s Wrong for Calling Out Her Friend for Not Buying Her House appeared first on UberFacts.

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This Husband Set the Record Straight Because His Wife Complains About Their Finances. Was He Wrong?

This certainly is a weird story…

I guess every person thinks about their finances differently and some also like to portray a certain image about their money to the outside world.

Check out this story from Reddit’s “Am I The A**hole?” and stick around to see how readers reacted.

Start now!

AITA for revealing our net worth when my wife constantly says we are broke and making me look bad with money?

“I (31M) have been with my wife (30F) for 10 years now and she always has had this habit of making me look bad with our finances.

Whenever anything regarding spending money comes up she will always say how broke we are and she doesn’t have the money to do this or buy that. The thing is we are doing well financially. We have decent jobs and combine our salary is roughly $125k/yr.

As of today our net worth is more than $1 million but less than 2. I had saved/invested a lot before getting married so I gave us a good head start. I control the finances/take the lead but we both agreed to living a very modest life. We both have our cars from college for example (Honda & Toyota). She knows everything about our finances because at least once a month I go over it with her every time I deposit money in our investment accounts or our kids college funds.

For banking we have an emergency fund and I budget everything else to go straight into investments. We basically stay right at $10k in our banks savings account and $500 in our checking account after bills. EDIT: Most of the time there is more than $500 in our checkings but once I pay our CC each month I then move anything extra. We always use the CC so its not like we only have $500 to spend. Our CC limit is $25,000.

A few months ago we had dinner with her friends and they talked buying a new car. My wife said something like, ‘I wish I could get a new car but I’m always broke after paying the bills. We still have our college cars!’ (EDIT: Wife does not want a new car). She will go on to talk about if she had money what she would want to buy and it always makes me feel ashamed.

This ‘I’m broke story’ has been happening for years. When we were driving home I asked her about. She understood we have the money but its how she feels because her bank account is always low. I said I can increase our budget or keep more money in our bank if she wants. Since we are doing well I’m okay with spending more. She said no and again was happy with our finances. I explained that when she says we are broke it makes me look bad and I feel ashamed. Its as though I can’t provide for the family and/or I am bad with money. She doesn’t see it that way.

The same conversation has come up numerous times about us being broke. Recently, I reminded her numerous tikes it makes me feel and look bad infront of friends and family. I told her if she keeps saying stuff like that I will reveal that we are doing well with money. I gave her a few reminders I’d eventually do this but she kept going with the I’m broke story.

At a dinner with her sister and parents the same I’m broke story came up. I piped in and said, ‘It’s weird to hear a millionaire say they are broke.’ My wife said, ‘Haha, I’m not though.’ And I quickly say, ‘We are millionaires and you know that. We go over our finances every month.’ Well the I’m broke story stopped after that and the night went on as usual. A little later the same thing happens with her friends and I use the same line.

Now my wife is mad at me for using that line and revealing roughly how much money we have. She said it seems like I’m gloating. I say its better than making me look like I’m running us into the ground fincially.

So AITA for revealing our net worth when my wife says we are broke?”

Well, that was interesting…

Let’s see how Reddit users responded to this story.

A person said they think the wife behaving this way without being prompted is pretty strange.

Photo Credit: Reddit

Another reader said they think everyone sucks in this situation. Read on to see what exactly what they think.

Photo Credit: Reddit

This Reddit user said it’s just odd that someone with this much wealth and assets is complaining about being “broke.”

Photo Credit: Reddit

And this person said that it’s a good thing the husband called his wife out on it because it’s offensive to people who are actually struggling with finances.

Photo Credit: Reddit

Now we want to hear from you.

In the comments, tell us what you think about this story.

Please and thank you!

The post This Husband Set the Record Straight Because His Wife Complains About Their Finances. Was He Wrong? appeared first on UberFacts.

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Man Refuses to Pay for Anything Anymore for This Stepdaughter. Is He Wrong?

Every parent is different when it comes to how far they’ll go money-wise for their kids or their stepkids.

And we’re about to read a story from a guy on the “Am I The A**hole?” page on Reddit because he’s locked in a battle about how much he’s willing to pay for his teenage stepdaughter.

Let’s see what he had to say.

AITA for not paying for anything anymore for my stepdaughter?

“My stepdaughter (14) who we’ll A doesn’t like me because she thinks her real dad is better but he doesn’t do anything to help. All he does is do crack and use his girlfriends for money.

A believes her dad buys all the things she gets. Her birthday presents, toys, clothes, and gadgets are from all from me or her mom but she honestly believes he gets them for her. She isn’t just rude to me, she’s rude to everyone. Like her mom or neighbor, or just people that bump into her.

My wife has tried counseling and therapy but it’s only effective for a couple of days before she snaps. I haven’t grounded her or anything. I leave the punishing to her mom but she still can’t behave. Recently her birthday came up and I bought her a phone she had been wanting and she called her dad and thanked him while still being rude to me.

I honestly am at my limit. I can’t take this disrespect anymore. I know she’s just a child but it stills gets to me. I told my wife I won’t be paying for anything she needs or wants anymore.

I’m not going to tolerate disrespect while still being financially responsible for her. My wife is saying I’m insensitive and an a**hole but I completely disagree.

AITA?”

Now let’s take a look at how people responded on Reddit.

This reader said that this can be fixed in one very easy step…

Photo Credit: Reddit

Another Reddit user said that people can be delusional and can create their own realities in their heads.

And that might be what’s going on here…

Photo Credit: Reddit

This person said that maybe the stepdad needs to do some things with his stepdaughter instead of not giving her gifts anymore and maybe that would make her realize what’s really going on with her father.

Photo Credit: Reddit

Finally, this person who is an admitted addict said that people who are addicts become very good at lying. And you know the dad in this story is most likely feeding his daughter all kinds of BS.

Photo Credit: Reddit

What do you think?

Is this guy being a jerk or is his behavior justified?

Tell us what you think in the comments. Thanks!

The post Man Refuses to Pay for Anything Anymore for This Stepdaughter. Is He Wrong? appeared first on UberFacts.

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Landlords Who Are Well and Truly Lords of These Lands

The term “landlord” feels so outdated now, doesn’t it? Some high and mighty descriptor of a feudal lord, overseeing his kingdom. When most of the time it’s just, like, some jerk named Dave who takes four days to text you back about your broken sink.

I’d say that if we’re still gonna have such a thing as “landlords” floating around, we need them to earn that title.

Will the people in these Reddit and Twitter posts stack up to the challenge? Let’s find out.

12. Carpet bombing

Perfect, there’s no way anybody could notice that.

Just moved into a new home and found where the landlord patched the carpet. from mildlyinfuriating

11. Hook you up

I wouldn’t be mad about this as long as the pressure was good.

When I told my landlord my shower head was leaking, he said he was going to hook me up. This is what I came home to. from pics

10. That’s methed up

I love that this isn’t even him asking them to stop selling meth, just to be better at it.

Landlord put this up cuz the neighborhoods won’t stop selling meth from facepalm

9. The hose knows

That thing’s got more kinks than a leather night club.

Moved into a new house. Landlord said water the lawn, we left you a hose. from Wellthatsucks

8. Rat me out

Hope you didn’t name them yet.

NYC landlords like… from LandlordLove

7. Paying your dues

It seems that compassion is really a hallmark of the profession.

Found this note in my mailbox from my landlord today. Too awesome not to share! from pics

6. Old and moldy

Yeah and I’m paying you a bunch of money to live in it so let’s get with the times.

5. The landlord special

Nothing an umteenth coat of paint won’t fix.

4. By the numbers

Numbers 18:21 – “To the Levites I have given every tithe in Israel for an inheritance, in return for their service that they do, their service in the tent of meeting.”
Yeah I can totally see why that means I need to give you an extra $130 a month, Rick.

3. Staying plugged in

I’m not even kidding, this person should spend time in jail.
That is straight up reckless endangerment.

2. Rage in a cage

It’s getting hot in here, so go pick all the locks.

1. Am I right or I am right?

“Here, go buy yourself half a gumball in 1983.”

Final score: none of you get to be lords.

What’s your worst landlord experience?

Tell us in the comments.

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What Screams “I Have Money but Don’t Know How to Manage It”? People Responded.

I’ve never had a ton of money, so I don’t know how I’d necessarily deal with it

Maybe I’d buy gold-plated toilet paper rolls or a whole swimming pool full of Jell-O.

I guess you just never know until you’re in that position how you’d spend your wads of cash.

People on AskReddit talk about how they can tell folks don’t know how to manage their money.

1. Windfalls.

“They spend minor “windfalls” immediately. Especially on electronics or trinkets or gadgets.

I see this on the buildapc subreddit and elsewhere. As soon as people get money, they spend money.

There is a significant portion of the population who haven’t learned or refuse to learn how to handle money correctly.”

2. Can’t do that!

“Buying an expensive car then never changing the oil.

I worked with a guy who broke down on the highway one day. Turns out he hadn’t changed his oil, or probably any other form of maintenance, for like 8-9 months.

Knowing his commute, he should have gone 3 months at most between changes just on work mileage.”

3. Monthly payments.

“Speaking about how they can afford something because of the “monthly payments”.

Obviously there are some things where it makes sense to finance, but if it’s every purchase you make, chances are you are terrible with money.”

4. Up and down.

“Their quality of living going drastically up and down proportionally depending on how close it is to payday.

When they have cash, it’s expensive lunches, lots of online shopping, and making plans. Followed by a week of sulking while eating ramen tortillas.”

5. Let’s try this one.

“Multiple maxed out credit cards.

When a person pays with a card, gets declined, switches to another one, and gets declined again they’re definitely bad with money.”

6. Tacky.

“I saw a show on Netflix where a woman had a house where 99% of the items (including the wall moldings) had the Versace logo.

All of her baby’s clothes too. It just looks so bad.

It’s okay if you’re not very good at interior design, but she could just hire a designer…

This screams “I have money but don’t know how to manage it”, and also “I have money but zero sense of style or personality”.”

7. A head-scratcher.

“All the people who booked 3 week 5-star package holidays to Spain when we knew we were heading into a pandemic lock-down, and then went to the tabloid papers to complain they couldn’t afford to feed their kids because the holiday company had gone bust and there was no refund.

If you couldn’t afford to feed your kids without the refund, how were you planning on feeding them if you had gone on holiday?”

8. I’m broke.

“People with six figure incomes who never have money.

My brother is one. He says when he gets his paycheck he HAS to spend it, it doesn’t even matter what he buys.

He does seem happy though, and he doesn’t have any debt so he’s probably on to something.”

9. That’s dumb.

“Buying 2 or 3 tablets at a time, so you can use one and keep the others on charge so you’re “never without one”.

I had to help her troubleshoot 4 of them.”

10. You gotta save.

“No savings account or very little in the savings account.

I will frequently speak with people who make 6 figures (the average household income in my city is about $42k) and want to use a zero down or first time home buyers’ down payment assistant program, because they do not have a savings.

Savings can mean investments, 401K, emergency fund…the people I am referring to make $15k a month or more and spend all of it and have no savings or investments to fall back on.”

11. Trying to project success.

“I did work for a guy at his beach house. Second home, house on lake Michigan, drove 100k suv.

The lot alone was probably worth a million. He had been a customer for a while and we always worked on his stuff. One time he’s not there, but wants me to fix something because he has a party coming up. I figure, no big deal. Order parts. My boss flips his s**t. He gives a big speech about not trusting people because you don’t know who is who.

He’s like, I’ve met people in the ghetto who have a million dollars stuffed in their mattress, and people in million dollar homes who can’t afford two sticks to rub together to stay warm. You only see what people allow you to see. He says, always collect at least half up front. That way we can at least cover parts and our initial trip if nothing else. That job goes fine and I don’t think much about it. I actually think he’s making a fuss about nothing.

The guy has been a customer for some time. A few months later this same guy calls and asks me to go fix some other thing, and to call him and he’ll pay over the phone if necessary, but he’ll be in later that day. I get to the beach house, and I s**t you not every door on that house is bolted and padlocked. On all the doors, duck taped, are letters from the state saying the property is being seized for unpaid property taxes to the tune of some 600k.

My jaw dropped and I just walked away. I didn’t even call the customer back because he was coming in town later that FRiday. Things started to click. Whenever that guy was there, he was always screaming at someone on the phone. Not yelling, screaming. You start going over every encounter, piecing things together you didn’t think much about.

I thought he was just a shrewd businessmen. Turns out he was under a ton of financial pressure, and trying to project success to people. You learn as you go I guess.”

What do you think about this?

Share your thoughts with us in the comments.

We’d love to hear from you!

The post What Screams “I Have Money but Don’t Know How to Manage It”? People Responded. appeared first on UberFacts.