Thats... that's now how you use the meme.
'bad thing/good thing penguim' strikes again. Annoys me people forget it's supposed to be social situations
But it does work
Americans spend way too much on christmas presents.
Christmas is a bloated commercialistic holiday no wonder Americans love that shit.
Something funny I've seen is that in Norway it's customary to distribute the income tax deduction over 11.5 months instead of 12, so that in November or December people only get deducted half the regular tax on their payslip. This is done to ensure that everyone has money for Christmas. It's so dumb and beautiful that I can't help but love the idea.
Probably a decent economic stimulus, government probably does not end up taking much of a loss with this.
Government gets a gain from it -- it gets its money sooner that way!
It's actually only 10.5 months. There is no tax on your June payslip, that's when most people get their vacation pay.
Yes that's also very common, but that's a little more complicated. It's only an option for people who have had the same job for more than a year and for those who agree on settling the entire holiday pay in June even if they don't actually go on holiday then. It varies how people do it.
Unlike Norway, most EU countries tax the holiday on accrual so it's always without a deduction when paid out regardless of when. Norway taxes it in the payment year though it is spread over the other months.
There are pros and cons to both ways. Personally I think that EU has the better one, not because of the taxation but because it's not necessary to accrue holiday in advance.
I emptied mine paying rent!
I emptied mine paying for life-saving medication!
Good thing bad thing penguin
We don’t get to retire
Compounding interest is a hell of a drug.
Saving anything is infinitely better than saving nothing.
Retiring is possible for anyone with an education, but it is a sacrifice, and a gamble on not dying
Try playing with this. Set the interest rate to 7%. Assume you will live to 75 (average us life expectancy) and retire at 65.
Now change the monthly contribution amount to the most you can comfortably contribute right now if you opened an IRA IRA.
This is your low estimate of your retirement savings. As you get older hopefully you earn more and can contribute more.
I found this even more helpful.
That penguin hasn't been this undecided since 2010! :0
Trans... saving up for a boob job
I hear ya
This is why you gotta use a Roth IRA, if you pull from it before 59 it's heavily taxed. Forces you to save
No, a traditional IRA would be even better for that. With a Roth, you can withdraw the principal without penalty since it was after-tax to begin with; it's only the gains that you get punished for taking out. In contrast, any amount of withdrawal from a traditional account incurs a penalty (with a few exceptions, such as using it to buy your first house or whatever).
Pretty sure you can pull contributions before 59 at anytime penalty free. Gains though and yeah you'll pay penalties and taxes on.
haha imagine having money
I have ₹8k in my bank account - that is how much I've earned from my stupid internship in four months. Used some of it for emergency reasons. Placements for CS have dropped by 70% in India. I've graduated with a useless degree. And I'm still jobless after graduating last September. Haven't used my bank account in a year lol. Have a broken laptop and phone. Fuck the system.
The meme were broken today
