What would you do...financially?

[chusteczka]

lol wut?

Here's a hint - if they're federal student loans, the government begs to differ with you. In fact, they take priority over just about anything else on the list. Including bankruptcy. Ignoring them will only make ALL of your other financial problems worse.

That said, this family "appears" to be eligible for a financial hardship deferral.

Other notes: despite the Humane Society bleeding hearts posting in here - dump the cats. Get rid of the cars. Get rid of internet and cable. Pay down credit cards. Have the "kids" get jobs or get the fuck out. Cut unnecessary expenditures. Retire in Jamaica.

You saw that, eh?

Just my opinion but it would really suck to acquire so much student loan debt and not earn a degree. That makes school a dangerous gamble for those on the edge and I do not think it is fair.

Also, the added risk for the federal government would increase their standards for making the loans. Thereby reducing loans and lowering tuition rates. Although this would make it more difficult for determined students down on their luck to obtain the needed loans to get them through school.

Maybe it is better to let the lazy pay while providing greater opportunity for those willing to do the work.

 

[gmaster456]

People pave their own roads.

I make LOT more than she does and I don't have a 2008 car.

All 3 of my cars are 1999-2001

And I'm paying her F'in bills? This is messed up.

Yes, you contributed $0.000000000000000000000000001

 

[ichy]

I have a few questions for the ATOT rich condescending elite.

1) Do you acknowledge this family is "working poor"?

I'm not sure who's more contemptible, people who cry poverty while spending nearly $300/month on cable or people who make posts like this.

BTW, what's with all the hate for the cat? $50/month is too much, but if cats are dirt cheap if you feed them dry food and buy large bags of kitty litter.

 

[Garet Jax]

Get rid of car and insurance.

280 cable, internet, phone
Reduce this - I pay less than this and I have a cell phone in mine, plus I work from home and have upgraded my internet connection speeds.

 

[Kev]

734 car expenses/insurance
165 parking
42 check cashing fee
280 cable, internet, phone
50 cat food and liter
2 lottery ticket

$1273 worth of stupidity right there. Go 'merica

 

[Ns1]

OMFG rent is only $405!!!!!

734 car expenses/insurance
658 credit card/hospital/student loan
165 parking
42 check cashing fee
280 cable, internet, phone

I would get a bike, negotiate with CC's, and get rid of cable.

 

[Saint Nick]

Take her situation multiplied a few million times and what country is that...

 

[Ns1]

Take her situation multiplied a few million times and what country is that...

Kenya?

 

[Saint Nick]

LOL'd at check cashing fee. Get a bank account, holy shit. They're FREE usually.

 

[goog40]

LOL'd at check cashing fee. Get a bank account, holy shit. They're FREE usually.

Lol, her reasoning was that she was afraid the check (from the employer!) would bounce and that they'd have to pay a bounced check fee, which is less than the check cashing fees they pay every month. Poor people logic.

 

[jagec]

Keeping the cat is more messed up. $50/month for.... what, exactly?

Joy, affection, and entertainment, which also keeps the people at home more often instead of out spending money. Cats don't cost money, they SAVE money.

...but they could certainly spend much less on pet food.

 

[makken]

Its hard to not get pissed off watching that; they're not paying more because they're poor. they're paying more because they've made, and continue to make, retarded financial decisions.

The one thing that really boggled my mind was the 29% APR on the computer. He didn't know what it meant, yet still blindly agreed to it without doing any research? How did he even get in college?

 

[ch33zw1z]

drop cable tv and phone. keep internet.

get rid of cat.

no fuckin lottery tickets.

try to get a bank account to save another $40.

If you're close enough to work, drop the car and get a bike. Cancel gym membership.

 

[Svnla]

How did he even get in college?

He dropped out and did not finish it while still owing student loan.

 

[nehalem256]

drop cable tv and phone. keep internet.

get rid of cat.

no fuckin lottery tickets.

try to get a bank account to save another $40.

If you're close enough to work, drop the car and get a bike. Cancel gym membership.

Considering that the car is for the unemployed mother I am pretty sure she is close enough to work.

 

[BlahBlahYouToo]

i heard newark and i made assumptions.
i actually have a lot of respect for the mom and older son. they seem like decent people. hope they pull through.

 

[Wreckem]

She was fired as her employer closed up and moved to another state. She did not quit.

Umm I said she was laid off from her first job, and she quit the second job. She even says that in the video, and how she regrets quitting the second job.

 

[Wreckem]

29% is the standard rate for credit cards now.

Only sub-prime credit cards and certain store credit cards have 24.99/29.99 starting rates.

 

[Wreckem]

Joy, affection, and entertainment, which also keeps the people at home more often instead of out spending money. Cats don't cost money, they SAVE money.

...but they could certainly spend much less on pet food.

Yeah I am not quite sure how they spend $50/month on their two cats.

I have 3 cats and its $50/month and that is because they get Blue Wilderness.

 

[hans007]

Good gravy. We pay a third of that for our equivalents here... and that's with a much higher income. $60 for cable Internet, $25 for Vonage (itself more expensive than it needs to be), a prepaid cell phone and $8 Netflix or equivalent.

Even $60 is a lot for cable internet. I mean I live in LA and time Warner 15 mbps is $30. A la carte without TV. Not to mention all the DSL options for like $20-25

 

[hans007]

Why is it sad?

Its sad because they have to live with being retards. They were born too stupid and unprepared to compete in this world. That and eventually everyone else pays for these types.

I suppose if we didn't have welfare and emergency healthcare and ways to "help" them they'd eventually just starve and it'd take care of itself

 

[ch33zw1z]

Considering that the car is for the unemployed mother I am pretty sure she is close enough to work.

guess that answers that. get on that bike!

 

[Ns1]

Even $60 is a lot for cable internet. I mean I live in LA and time Warner 15 mbps is $30. A la carte without TV. Not to mention all the DSL options for like $20-25

how the fuck do you have TWC in LA with 15mbps for $30!??!?!?!


I'm paying $56/month!

 

[hans007]

When I moved into my apt building we got a flyer to just go to some website. This is in Culver city .... wasn't limited time or anything I've had it for a year