In the last few weeks a trend emerged on TikTok where women explain how they spend money. But most importantly, they reveal how they make sense out of those expenses, even though some of them don't make sense. Lo and behold: girl math: https://tiktok.com/@danielasotohealth/video/7267396650690268417
It's over for market research-cels. Zoomers will tell you their spending habits unprompted for a bit of internet clout.
What does ‘girl math' look like?
1. Forgoing sales means losing money
Imagine you're at the mall, and you spot a cute handbag at a discounted price. You want this item and it's on sale — not buying it would be stupid, right? This is ‘girl math' and the marketing industry loves it.
Brocels remind me to never share a bank account if I ever marry
2. Skipping daily expenses makes you money
Say you love drinking coffee everyday. Where I live an espresso costs around €0.75 — I know, come to Portugal. If I don't buy coffee one day, that means I've made €0.75 for the day. Quick mafs.
3. Paying with cash is like paying with free money
The cash sitting on your wallet feels like Monopoly money. You don't see any charge in your bank account, you don't see the numbers drop, so it's not as painful.
I've always considered it low IQ behavior. What compels these people to publicly admit to it, and even associate it with your gender?
A Consumer Expenditure Survey by the U.S. Bureau of Labor Statistics found out the following: men spent an average of $41,203 a year as opposed to $38,838 by women. In absolute terms, men do spend more than women.
Foidsisters we are so back, science has saved us once again with cold, hard facts.
However, when we take into account how much each gender earns on average, the story changes. According to the Census Current Population Survey, men earn an average of $76,460, whereas women take home $56,360. In other words, men spend $53.8 out of every $100 they earn, and women $68.9.
This is why fighting for equal wages is evidence based policy. It's basically like quantitative easing.
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You also keep all your money sitting in a savings account rather than investing it. Probably nobody should follow Carpmath with their finances
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Savings accounts are at 5% right now and that is absolutely outperforming my stocks
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Only bc the banks are guaranteed 5% from bonds and they desperately need your deposits. You could get the same return or more without the middle man. Either way, enjoy it until the market crash
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Yes, why would I take 5.25% in a same as cash account where I can keep my money as liquid as a checking account when I could just lock it into bonds for 12 months and get 5.25%
This is why I only take financial advice from schizos on street corners, their advice is far superior to anything on rdrama
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At least you would be locked in for a year. I doubt your returns in the bank last that long. I'll be surprised if they hold the economy together 12 more months. You are going to be locked in the same way if there are more failed banks
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I understand that, but to me having a couple hundred k that's as liquid as cash is worth the risk of losing out on 0.5% of my APY for the year. I would say that this tiny risk tradeoff is worth it for the vast, vast majority of people.
You taking a quantifiably worse option to stick it to Chase, which it sounds like is the real reason, is fricking r-slurred. 10 Trillion dollar Blackrock conglomerate doesn't give a shit about the $67 they'll make for the year leveraging your 15k in neetbux, lmao, use their services if they fit your needs better
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As someone who had to deal with the fdic after a bank failed, I would be very wary of having a couple hundred k liquid in one bank. Even if it's technically insured in full by the FDIC, they make it heck to get your entire amount back and it is not quick
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gonna have to agree with the dramatard above you. liquidity makes it worth it. three months ago i had a ton of money in HYSA. but for me it was because im building a house without a construction loan, and wanted to make some quick dough while waiting to complete the draw schedule. already got about 20-25k from just chillin.
would have been nice except the project is already about 250k over budget
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I just moved my savings to a HYSA after keeping it in my 0.01% APY account for years
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yeah that's what I thought a year ago lmao
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u know u can just withdraw ur moni
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Not when the bank goes under. This happened recently. When it happened to me decades ago, it was a small bank and not national news and the FDIC are ginormous buttholes. They don't just release your money when you have a lot of money even if you are married and have a business and everything should be insured
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holy shit r u r-slurred? burgers have like 300k$ insured
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In theory. I am telling you in practice they act like they don't owe you anything and it is a ginormous pain in the butt dealing with the government, and that is with one small local bank going under. It's not like “here is your check, we are good guys from the government and follow the rules”
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umm yes it is? The FDIC will literally take over day to day operations immediately over night.
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The first 100ish thousand came easy. It was everything above that they acted like they didn't owe us. It took years, lawyers, and a lawsuit to be made whole
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Thanks again btw.
Once everything gets settled I'll transfer more over but right now I have 60k moved over to Ally -- 30k in savings, 30k in an 18-month CD.
Didn't realize my Chase savings was only 0.01%, absolutely nuts.
Got scared for a moment that I was going to get a big NSF fee. I kinda expected transferring from chase-checking to chase-savings to be instant, but instead had a Pending Transaction race to see which would clear first, the money into savings or the transfer to Ally.
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check out ufbdirect
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