Confession: sometimes I pretend to not speak English if an upsell-y sales associate comes around and I do not have it in me to give a firm, "I'm just browsing, thank you." I am very fortunate that I do not like to experiment with makeup and have my Day Look and my Night Look when the need arises. I have been buying the same makeup over and over for years (although Diorshow appears to have changed their mascara formula and I need to find a new Night Mascara). This makes the semiannual trip to Sephora or, more often, sephora.com (much more relaxing, and you get to pick your own samples, and there's always some kind of excellent bonus, and you can return your shit to regular Sephora if you are like me and hate the act of return shipping) a quick and easy process.
@bgprincipessa I believe it was a hairpin article that taught me that: lipstick needs to be reapplied. Constantly. It is one of the reasons I am not the kind of Woman Who Wears Lipstick.
Cosigned - as a trustee you should have access to that information. "When you're ready to buy a house" ..... I went through this same issue, not with a trust which has a lot more sticky legal issues to contend with, but my mum offered to cover my down payment for a house but wouldn't tell me how much was available. I was like, how can I know if I can afford a house if I don't know if the funds will cover a 20% down payment? I got a little sneaky on her: I told her I was ready to put an offer down (and actually did make an offer and went back and forth a few times with negotiations, but ultimately backed out). But then I knew how much was available and did eventually buy a house - which I then sold 2 years later after the co-owner and I broke up, and now that money's sitting in index funds while my broken heart mends. Anyway, if the money is for a house (which, based on the trust, you may have to use it for a house? idk, trusts are crazy) and you don't think you'll be buying one any time soon, and you for some reason don't have access to that information even as a trustee, then just pretend the money's not there because it's not.
My one thing did itself! I needed to call my claims adjuster to tell him I wasn't ready to settle the claim for the car accident I was in last year, and he called me instead and was very nice. Hooray 1 thing!
Wouldn't 14 of 80 people be more like....35%?
I have moved in with a loved one (1) the day we met (broke up 5 years later) and (2) one year after we started dating (sort of- we bought a house, a week later he moved to London, then I moved to London, then I moved back, then he moved back, then we broke up - so we only actually shared a roof for 8 months out of our 3 year relationship). All that is basically to say: there is no right/wrong time to move in together, but you both must ALWAYS HAVE THE MEANS TO MOVE OUT. It sounds like you don't; figure out your financial shit, then find a place together, lest money problems plague you and you end up feeling trapped. Also, moving in together is ofttimes a way to hasten the end of a relationship, but sometimes it's amazing I guess? Trying to access the optimistic romantic buried under the shards of my broken heart...unsuccessful.
"Credit is money that you haven’t yet earned." ........not really. Credit is money that you haven't yet spent. In an ideal world, we wouldn't charge more to the card then we have in the bank. (Obviously not an ideal world.)
@mayonegg, Agreed: the weddings have got to stop. I had no idea how expensive it is to be a bridesmaid until recently I was asked to contribute to $700 bottle service for the bachelorette party. (PS Love the screenname.)
This is relevant: http://xkcd.com/946/ I suppose if I had children, I would make it work regardless of my financial situation, just like so many have before me. But ultimately, my ambivalence about having children at all, compared with my friends who have always known they wanted kids (many of whom are currently raising them just fine in spite of their lack of a 6 figure income) leads me to the same conclusion as the author: right now, the luxury of financial security is more of a priority than childrearing.
I'd be curious to know what, if any, financial lessons your parents taught you growing up? Why do you think you were so ill-prepared for the real world of managing your own finances?