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My mom was an accountant and she looked flabbergasted when I told her her $2k/month timeshare was costing her $24k/year, sucking up almost all of her social sec
by bcrosby95 4y ago
My mom was an accountant and she looked flabbergasted when I told her her $2k/month timeshare was costing her $24k/year, sucking up almost all of her social security.
- notch898a 4y agoI'm not at all disparaging accountants here but I don't see any reason why they would have superior budgeting capabilities. Accountants are generally in charge of recording the accounts and not actually setting and spending the budget no? The person I would be shocked to be bad at this would be someone like the owner of a boring and non-expanding local business, like a tire repair shop.
- s1artibartfast 4y agoDoes this not point to more of a psychological issue such as avoidance, not a financial illiteracy one? I don't want to come off as aggressive because this is your family, but I'm guessing your mother can multiply 2 by 12.