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Story 181 for Stupid Tax
Fat Tax
Original story submitted by ismc
on January 4, 2013
Location:silicon valley ca
Age: 35-44
Gender: female
on January 4, 2013
Fat Tax
I am technically a healthy weight (at the top end of “normal” BMI) but not at what I would consider my ideal weight. So I have often bought clothes that are too small for me but will fit perfectly “when I get to my right weight.” Since I've been within 5 lbs of my current weight for 20 years, this is silly. My refusal to buy myself clothes in the size I actually am, not the size I wish I was means I have a bunch of nice clothes that I can’t wear and few things that I can.
Even though I know maintaining a low, stable healthy weight is one of the best ways to save money on clothes (the selection and prices are better in smaller sizes), health care, and to feel great about yourself and your life, I persist in my red wine swilling and dark chocolate eating ways.
I doubt I'm the only woman who has a closet at least half full of clothes that are the wrong size. What a waste of money on wishful thinking.
19 of 24 found this story helpful.
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Story 182 for Stupid Tax
stupid things I financed
Original story submitted by DeeE
on December 28, 2012
on December 28, 2012
stupid things I financed
I charged Postage to mail out bills, one of them my credit card payment
8 of 17 found this story helpful.
4.0 out of 5
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Story 183 for Stupid Tax
Audi Payments While Riding in a Ford...
Original story submitted by nancy
on December 28, 2012
Location:Atlanta, GA
Age: 25-34
Gender: female
on December 28, 2012
Audi Payments While Riding in a Ford...
Once upon a time in 2008, there was a girl named "Nancy". She was fresh out of college, employed full-time (though not in her field) and she had a boyfriend (a minor detail). Like most college grads, she was starting out in life and things only look up. However, no recent college grad will appreciate the highs of life without a sweet ride. "Nancy" talked to a family friend about purchasing a vehicle. The family friend pointed her in the direction of an auto broker by the name of Evil-Steal-Yo-Money-Man (yes, that's his real name). Evil-Steal-Yo-Money-Man talked sweet deals to "Nancy", so sweet that she believed everything Evil-Steal-Yo-Money-Man said. You see, "Nancy" had good credit in 2008, a good paying job (although not in her field) and a boyfriend (a minor detail). The car Evil-Steal-Yo-Money-Man brought “Nancy” was a 2006 Ford Focus, $275 a month. Wow what a deal! Then things went sour, “Nancy” had already signed the papers with the $275 a month car note, but the Wells Fargo finance department dropped her from the lease due to insufficient credit history a month later. What, how could this be? It didn’t make sense to “Nancy” but Evil-Steal-Yo-Money-Man said for her to trust him and keep the car because he would secure her an auto loan. 1 month turned into 3 months and still no car payment or no car loan. “Nancy” thought this was how it was supposed to be. By the time Evil-Steal-Yo-Money-Man secured a loan for “Nancy”, she needed a co-signer and the car payments jumped from $275 to $374.47, with an interest rate of 24.99! Evil-Steal-Yo-Money-Man told her because she didn’t have enough credit history, she was going to lose her down payment ($1,000) that she paid towards the car if she didn’t sign the new agreement. “Nancy” told her sister, Sweet-Big-Sis who then told “Nancy” to run and never look back. “Nancy” told Sweet-Big-Sis she will be able to pay the note because her job was $40,000+ a year. Sweet-Big-Sis said ok, just pay it off. ..”Nancy” was in the clear and her dreams of having a sweet ride were no longer threatened. Evil-Steal-Yo-Money-Man told “Nancy” to go ahead and get the car, then in 6 months, you can refinance and pay it off quicker! So “Nancy” went against her gut, and trusted Evil-Steal-Yo-Money-Man yet again, and even talked Sweet-Big-Sis into being a co-signer! Evil-Steal-Yo-Money-Man got us both locked into a very high auto loan. As soon as the auto finance papers were dry with “Nancy” and Sweet-Big-Sis’ signatures, Evil-Steal-Yo-Money-Man was GHOST! He disappeared. It was as if he never existed….and if he did exist, it was only for a day (which was long enough to shackle us in debt). “Nancy” went around town and learned from other people that Evil-Steal-Yo-Money-Man did the same thing to at least 3 other women!!! At least “Nancy’s” ride came from a dealership and was in great running condition, she thought. “Nancy” filed a consumer report w/ BBB and the Attorney General but to no avail. Everyone said the same thing, “Just hurry up and pay it off!!” “Nancy” started looking for a way to get out of the loan, and every car salesman said NO! “Nancy” even went to a credit union and a bank but was turned away for an auto refinance loan due to her not-so-great credit “Nancy” was hurt, Sweet-Big-Sis was mad and Evil-Steal-Yo-Money-Man was still M.I.A. “Nancy” lost her $40,000+ job and realized how expensive a her sweet ride was….it was as if she is paying for an Audi, but riding a Ford! Just horrible!!!! Fast forward to today; “Nancy” is still paying the car note. In fact, she is saving to pay it off, while making the payments on time. But the tab on this stupid tax bill is hefty!!! (You do the math on a car note of $374.47 at 24.99%. That could have paid for her college degree). A lesson learned the stupid way is still a lesson learned. Take it from “Nancy”.
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Story 184 for Stupid Tax
The Ultimate Stupid Tax--A Marriage Destroyed
Original story submitted by Shelly
on December 25, 2012
Location:Nebraska
Age: 45-55
Gender: female
on December 25, 2012
The Ultimate Stupid Tax--A Marriage Destroyed
I keep looking back at the last 23+ years to see how I could have predicted this, how I could have prevented it, or how I could have changed it, but I cannot see a good answer.
I married my husband in 1989. At the time I didn't realize what a control freak his father was. Maybe my first hint should have been when, a few weeks before the wedding, he told me that he didn't think we should get married.
At first we had no debt. Within a few years, though, my husb began to take out loans to support/enlarge his livestock business. My parents had always been very conservative with money and I was reluctant to go into debt, but husb and his father--a banker--insisted it was better to use "other people's money" to build a business. Trouble is, the loans never got completely paid off, just carried over and even increased year to year. Little by little things got worse and worse.
When I look back at the overdraft fees, late fees, interest being paid on loans...it makes me sick to think of the money lost for no reason other than not being accountable. I pointed these numbers out to husb and his dad...and they had no reaction. I cannot comprehend how this didn't get thru to them.
Gradually my husb involved me less and less in his business--although he always expected me to sign loan papers, bullying me into it several times--once in front of my parents when they were visiting--and I didn't want to cause a fuss so did it. He did NOT like to hear any of my suggestions about improving the business, things that weren't working, etc. I tried to be a partner by organizing his office (he's terrible at organization, keeping track of expenses, etc., etc., etc.) giving suggestions for how to do things better or differently, and so on. I truly wanted to be his partner, wanted him to be a success.
Within the last few years I realized that his true business partner was his father and both of them were willing to do anything to continue on the spiral of increasing debt without a real plan as to how to get out of it. They were willing to lie, manipulate, bully, etc. his mom and I, bankers, bank board members, friends, neighbors, businesses, to continue this.
And we allowed them to. I did not know WHAT to do...I was an at-home mom and didn't want to give that up. From their past patterns I knew that any money I brought into the household would be expected to go to household expenses--not that that was wrong, of course, but my doing that would only allow husb. and father-in-law to continue to throw away more and more and more money on the business. Anything I'd make would be a tiny drop in the bucket and would be taking me away from my kids. Husb was not reliable to do anything for or with anyone but himself.
I desperately wanted to change the situation but saw no way to. He'd cashed in his retirement, gotten me thrown off the bank board of directors (my being there brought in a small amount of cash and provided our insurance); we had no savings, crushing debt...but I was not willing to leave or divorce without a Biblical reason--I really wanted to make it work, somehow.
Well, God didn't see it that way. This summer I found out that he had a girlfriend, and he did not want to break it off with her or make any effort to make our marriage work. After much prayer and talking with my pastor I realized that he'd also abandoned me and our marriage long ago. I had Biblical reasons to leave, and, as my pastor pointed out, he needed to be held accountable for his behaviors. So I moved out.
Looking back I'm not sure where I went wrong...and what I could/should have done differently. Perhaps held him accountable years ago when "money" things started to go bad...refused to sign more loans (although even after I refused to sign any more his dad did). They were willing to go to any extent to continue to fund their "business", up to and including lying, manipulating, etc.
I don't know exactly what my advice is...I guess to realize that marriage should be a partnership and hold that person accountable, even when it's difficult.
51 of 56 found this story helpful.
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Story 185 for Stupid Tax
Cell Phone
Original story submitted by Bill
on December 4, 2012
Location:Los Angeles, CA
Age: over 55
Gender: male
on December 4, 2012
Cell Phone
I was told by the Verizon salesman that I had to take the 10.00 data plan for my "Smart" phone. I told him at that time I didn't need it, didn't want it and asked why it was mandatory. Again I was told it was a "Smart" phone and if I wanted the phone the dta plan was mandatory. 2 years later, I find out that my phone is not a "Smart" phone and I did not need the data plan. Don't know if I'm more mad at myself or at the saleman for lying to me.
40 of 46 found this story helpful.
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Story 186 for Stupid Tax
Insurance Lesson Learned
Original story submitted by Robin
on November 30, 2012
Location:Kansas City, MO
Age: 35-44
Gender: female
on November 30, 2012
Insurance Lesson Learned
After my husband and I were first married we re-evaluated our life insurance needs. He had a small life insurance policy and we decided to increase the insurance and shop around. After getting a new policy in place, we canceled his original life insurance policy.
One day in the mail we received a bill for a quarterly life insurance payment. Without checking with my husband, I assumed this must be a quarterly bill for his new policy.
Instead the bill was for the old life insurance policy we had cancelled. We were told by our insurance representative that the company tactic is to continue sending bills even though you have asked to cancel the policy. Unfortunately we paid $350 in stupid tax but I have learned a valuable lesson! One can never be too careful...
49 of 52 found this story helpful.
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Story 187 for Stupid Tax
Sneaky!
Original story submitted by Marisa
on November 26, 2012
Location:Washington
Age: 35-44
Gender: female
on November 26, 2012
Sneaky!
I paid off my visa last week with the intention of never charging again, ever, and wow did that feel good! The next day I left on vacation and I was using my debit card, and feeling so good about the fact that I was paying cash for everything. When I got home I checked my bank account and the charges I put on my debit had not gone through my account. I thought "well, it's the long weekend, it will be there Monday". Today came and I checked my bank account twice and the charges still weren't there. Finally the second time, my eyes traveled down the screen and I realized that I had used my credit card instead of my debit card!! The graphics on my credit card are similar to the debit card so I kept grabbing the wrong card. Sneaky on the bank's part?? They were probably hoping that I would reach for the wrong card, then tell myself "oh well, I'll just pay it when the bill comes" for about the next 6 months. Now I'm paid off for the second time and that card is no longer in my wallet!
22 of 39 found this story helpful.
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Story 188 for Stupid Tax
Car Trouble...or brain trouble?
Original story submitted by Brandi
on November 21, 2012
Location:Kentucky
Age: 25-34
Gender: female
on November 21, 2012
Car Trouble...or brain trouble?
I misjudged the distance between my car and the SUV in the next parking spot over. I scraped a 1-year old vehicle with my 14-year old no-turn-radius van that I am driving as we work on Baby Step 1 for the 4th time!!! But, this time is a charm. I figured out what we had been missing the first three times -put money in savings! I had always been so much more interested in the Debt Snowball that we would go back under every time an event such as this one would happen. So, even though I will have to pay a large stupid tax (about $1000) for this misjudgment, I'm happy we have the money in the bank and in our cash flow. We will just pick right back up next month, keep plugging away at it because paying cash feels great!
12 of 12 found this story helpful.
4.8 out of 5
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Story 189 for Stupid Tax
Building that Ivory Tower
Original story submitted by Thomas
on November 14, 2012
Location:Fort Bragg, NC
Age: 25-34
Gender: male
on November 14, 2012
Building that Ivory Tower
Images for this Story
A medical evacuation helicopter lands as paratroopers from the 82nd Airborne Division’s 1st Brigade Combat Team secure the area, July 23, 2012, Ghazni Province, Afghanistan. Photo by Capt. Thomas Cieslak
A medical evacuation helicopter lands as paratroopers from the 82nd Airborne Division’s 1st Brigade Combat Team secure the area, July 23, 2012, Ghazni Province, Afghanistan. Photo by Capt. Thomas Cieslak
Being in the military, we move about every 3 or 4 years between duty stations. We thought we had enough time at Fort Bragg for my wife to complete a medical degree at a nearby university. I deployed to Afghanistan...and deployed to Afghanistan again, volunteering the second time to do my part in the war and keep my family in the same place for awhile so the kids can have a somewhat normal childhood and my wife enough time for school.
Now we have to move, known as a PCS (Permanent Change of Station) to our next duty station.
She's not complete with her course.
Total Stupid Tax: more than $4000
We failed to measure before we started to build the tower. We were caught up in the moment and didn't realize we would have to move this year rather than remain at Fort Bragg.
Good news is that her pre-med requirements are out of the way and at our next duty station, she has at least 3 years to get her graduate degree done.
7 of 10 found this story helpful.
3.9 out of 5
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Story 190 for Stupid Tax
Butt dialing hurts! (the bank account)
Original story submitted by Terese
on November 12, 2012
Location:Omaha, NE
Age: 35-44
Gender: female
on November 12, 2012
Butt dialing hurts! (the bank account)
I have a cell phone that is not "smart"- I just make calls and text on it. Surprise surprise when I found a $10 per month charge on my bill for a navigation app. Too bad it took me four months to notice it! Verizon would not refund the fees, even though I had never actually used the application. I must have butt dialed to activate it. The moral(s) of the story? 1. Pay attention to your bills 2. lock your phone keypad or call the phone company and BLOCK services on your phone.
18 of 19 found this story helpful.
4.8 out of 5
rated 4.8 by 8 people
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