I'm curious, do most people not have to take a course in high school covering things like balancing chequebooks, resume writing, banks and interest and loans and credit and all that jazz?
Career and Life Management was a required course for graduation here.
We had a thing like that but cheques did not feature. Mostly it was an along the lines of "here are things that people will do in order to scam you in a way that is nevertheless legal", with particular reference to consumer finance and credit cards.
I remember someone on the forums explaining to me at some point what it means to balance a chequebook but I don't think I retained it.
It's essentially writing down what's in your account and then every time you write a cheque, manually deducting that amount from your running total, because their system involves an N week time lag during which that promissory note is floating around and needs to be made good on but has not yet been resolved.
That ... seems like it would get confusing really fast.
Does this system take as an assumption that money will not be leaving your account by means other than by cheque?
EDIT: Or do you include that too and basically keep track of your balance entirely independently of your bank? What about direct debits, etc?
I'm curious, do most people not have to take a course in high school covering things like balancing chequebooks, resume writing, banks and interest and loans and credit and all that jazz?
Career and Life Management was a required course for graduation here.
We had a thing like that but cheques did not feature. Mostly it was an along the lines of "here are things that people will do in order to scam you in a way that is nevertheless legal", with particular reference to consumer finance and credit cards.
I remember someone on the forums explaining to me at some point what it means to balance a chequebook but I don't think I retained it.
All it is is keeping track of what you've spent vs. what's currently in your account via a personal ledger.
I'm reading a Warhammer 40k novel. That's at least 27 loser points right there.
It's pretty good though. Dan Abnett is a good writer, unlike random GW employees that felt that having worked at GW infused them with literary puissance and they can now crap out masterpieces.
If you're a nitpicky sort of fellow you can also go through the whole bank reconciliation process monthly and go into fine detail about those sorts of things
Cheques are cleared out of 7 or so national centres (you can deposit a cheque from Bank A, New York in Bank B, LA and it will get routed to the right center to actually resolve the transaction). To speed everything up, banks essentially float you an interest free loan ahead of the actual processing of the cheque based on what you tell the ATM it's worth or what the teller sees written on the face.
A few weeks later someone actually processes it and oh hey it's NSF or doesn't even exist so they pull the money back out of your account.
Now this model vastly predates computers and is mostly going the way of the Dodo. A lot of the time lag is caused by the lack of a central, agreed-upon standard communications network between all banks in the US, because you have like 8000 banks and they're a fractious lot.
All cheques clear in a single day here, because there is a single nation-wide electronic system, but you still can write a bad, fake cheque and have a similar situation happen if they recipient deposits it in an ATM, since those typically aren't picked up and processed until the next day.
Having grown up with a global communications network always available, it's basically unthinkable that it would work this way. So while someone who grew up with checks bouncing and shit might immediately see the scam, I've never once had money yanked back out of my account for any reason because every transaction I make is verified by machines before money changes hands. It's kind of weird that there's a system that we allow to stick around where this is not the case.
Donkey Kong on
Thousands of hot, local singles are waiting to play at bubbulon.com.
I'm curious, do most people not have to take a course in high school covering things like balancing chequebooks, resume writing, banks and interest and loans and credit and all that jazz?
Career and Life Management was a required course for graduation here.
We had a thing like that but cheques did not feature. Mostly it was an along the lines of "here are things that people will do in order to scam you in a way that is nevertheless legal", with particular reference to consumer finance and credit cards.
I remember someone on the forums explaining to me at some point what it means to balance a chequebook but I don't think I retained it.
It's essentially writing down what's in your account and then every time you write a cheque, manually deducting that amount from your running total, because their system involves an N week time lag during which that promissory note is floating around and needs to be made good on but has not yet been resolved.
That ... seems like it would get confusing really fast.
Does this system take as an assumption that money will not be leaving your account by means other than by cheque?
EDIT: Or do you include that too and basically keep track of your balance entirely independently of your bank? What about direct debits, etc?
To have it work out properly you'd have to keep track of all outflow; so you'd have to write down all money withdrawals and debits.
The goal here is to know exactly how much money is in your account, like looking online at your balance, so yeah, you have to track all of your incoming and outgoing transactions.
I mean this system really predates debit cards and computerization; it's the low tech way of achieving what your bank's website does now, except in the US the banks are so technologically regressive in terms of cheque processing you kind of need to do it because the bank site still isn't tracking your unprocessed cheque liabilities.
Cheques are cleared out of 7 or so national centres (you can deposit a cheque from Bank A, New York in Bank B, LA and it will get routed to the right center to actually resolve the transaction). To speed everything up, banks essentially float you an interest free loan ahead of the actual processing of the cheque based on what you tell the ATM it's worth or what the teller sees written on the face.
A few weeks later someone actually processes it and oh hey it's NSF or doesn't even exist so they pull the money back out of your account.
Now this model vastly predates computers and is mostly going the way of the Dodo. A lot of the time lag is caused by the lack of a central, agreed-upon standard communications network between all banks in the US, because you have like 8000 banks and they're a fractious lot.
All cheques clear in a single day here, because there is a single nation-wide electronic system, but you still can write a bad, fake cheque and have a similar situation happen if they recipient deposits it in an ATM, since those typically aren't picked up and processed until the next day.
Having grown up with a global communications network always available, it's basically unthinkable that it would work this way. So while someone who grew up with checks bouncing and shit might immediately see the scam, I've never once had money yanked back out of my account for any reason because every transaction I make is verified by machines before money changes hands. It's kind of weird that there's a system that we allow to stick around where this is not the case.
Inertia. The US has been really slow to computerize in a lot of ways
edit: and crazy incentives in the US. Banks could spend the money building the system that resolves this, but what does that get them? A lack of overdraft fees.
Combine that with a lax regulatory culture and it never gets done.
Heh, I have the foggiest fucking memory of when I lost my virginity. Been drinking all day. And then I mean all day. I had to think really hard the next day about whether or not i used a condom.
shit, I didn't even recognize her when she waved the next day before like, ten minutes afterwards.
Heh, I have the foggiest fucking memory of when I lost my virginity. Been drinking all day. And then I mean all day. I had to think really hard the next day about whether or not i used a condom.
shit, I didn't even recognize her when she waved the next day before like, ten minutes afterwards.
That doesn't seem like a situation ripe for potential date rape issues later. "Well I got drunk enough to touch her and then just didn't hear no."
Every situation is ripe for potential date rape issues later on, at least in college.
Yeah but drinking to lubricate the interaction is just making it worse.
At some point, it's important to say fuck it and just be kinda careful/attentive to the situation.
@Abdy: Yep. Realising that your apathy has cost you digits/funtimes feels almost worse than just complete lack of confidence. In my experience, at least.
Posts
It is isn't?
but you know
it has sort of worked
That ... seems like it would get confusing really fast.
Does this system take as an assumption that money will not be leaving your account by means other than by cheque?
EDIT: Or do you include that too and basically keep track of your balance entirely independently of your bank? What about direct debits, etc?
All it is is keeping track of what you've spent vs. what's currently in your account via a personal ledger.
It's pretty good though. Dan Abnett is a good writer, unlike random GW employees that felt that having worked at GW infused them with literary puissance and they can now crap out masterpieces.
Back in the day the only two methods were check or going to withdraw cash.
Nowadays it's not much use for most people.
Oh no I can chat with just about anyone
when I say "the move" I mean doing something more than chatting
That's what I do once a week with MoneyWell.
Not that I really need to, but it's nice to see how much money goes where.
and the gengars who are guiding me" -- W.S. Merwin
"Beau'iful plumage, mate!"
There's more than chatting?
Alcohol as a social lubricant is not really healthy long term. Especially if thats your only method for talking to women.
pleasepaypreacher.net
Having grown up with a global communications network always available, it's basically unthinkable that it would work this way. So while someone who grew up with checks bouncing and shit might immediately see the scam, I've never once had money yanked back out of my account for any reason because every transaction I make is verified by machines before money changes hands. It's kind of weird that there's a system that we allow to stick around where this is not the case.
He is providing fresh blood into the dnd forums
I can respect that
and the gengars who are guiding me" -- W.S. Merwin
My method for talking to women is talking to women. Like, opening my mouth and making noises.
I mean doing something more.
and the gengars who are guiding me" -- W.S. Merwin
What do you mean doing more? Like you can't get it up unless your drunk?
pleasepaypreacher.net
The goal here is to know exactly how much money is in your account, like looking online at your balance, so yeah, you have to track all of your incoming and outgoing transactions.
I mean this system really predates debit cards and computerization; it's the low tech way of achieving what your bank's website does now, except in the US the banks are so technologically regressive in terms of cheque processing you kind of need to do it because the bank site still isn't tracking your unprocessed cheque liabilities.
he can't work up the nerve to initiate physical funtimes unless he's drunk.
I have this problem like whoa
whenever I've been really drunk
It has ended up in physical injury or a girl
EDIT: Yeah, Fro. That. Or like.... I can't think of what to say. Mostly, I just don't try. Apathy I guess.
pleasepaypreacher.net
Inertia. The US has been really slow to computerize in a lot of ways
edit: and crazy incentives in the US. Banks could spend the money building the system that resolves this, but what does that get them? A lack of overdraft fees.
Combine that with a lax regulatory culture and it never gets done.
Every situation is ripe for potential date rape issues later on, at least in college.
Yeah but drinking to lubricate the interaction is just making it worse.
pleasepaypreacher.net
pleasepaypreacher.net
shit, I didn't even recognize her when she waved the next day before like, ten minutes afterwards.
so you're a toupe?
just the walk of shame afterwards, and the trips to the pharmacist for his special shampoo
THanks.
At some point, it's important to say fuck it and just be kinda careful/attentive to the situation.
@Abdy: Yep. Realising that your apathy has cost you digits/funtimes feels almost worse than just complete lack of confidence. In my experience, at least.
Well gooey you are kind ugly, as I've established in the past you have to be cute to get date raped.
pleasepaypreacher.net
I don't need to
I just run my tongue over my lips and see if I taste manjuice
Nope. Some people like to LieHard:With A Vengeance. 'Crying rape,' while not common, is also not a myth.
:^: