Anyone else get anxiety spending big amounts of money?

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I googled it but apparently you could put money in it but never ever be able to use it so what’s the point.

You need a trustee, who can make disbursements. If you don't have a responsible family member, you may be able to get an agency to do this for you.

The purpose of this kind of trust is to provide for the needs of a disabled person that are not covered by SSI.

I have not heard of the disabled person himself putting money into one, though. Usually it is part of estate planning, that is, a way of leaving your money to someone that won't instantly put them over the available cash limit for SSI eligibility.

I’ve just looked it up and there is no value restriction on a vehicle that is used for the persons transportation.
https://www.ssa.gov/ssi/text-resources-ussi.htm

"Keep their value"? Guns depreciate

After I bought a gun, I tried to sell it back to the same store


It offered not even half the price


And I had never even fired it



"Am allowed to have"? Who allows you ?

What do you want that you are not allowed to have?

What I read said that it can’t go towards bill, food or housing or you’ll lose ssi, and you can’t ever get cash or gift cards from it, basically you can never have any of it used for you so I don’t get the point 0.o

I get my health insurance from ssi which is why I can’t save. Ssdi doesn’t care about what I own or save.

You buy a Glock for $550 you’d could sell it for $400.
Buy an Apple Watch for $300 and istantly it’s only worth $50-100.
But another matter is my Glock use to sell for $200. So over 20 years it’s gained value. That 1911 I want was $300 20 years ago.
Selling anything to a store they will rip you off for profit. Gotta sell to other people.

Car dealership does the same thing , so does GameStop.

Ssi does. Or I lose it

Thread isn't about investment value.

If you want to buy something you like and to facilitate life, buy if for that reason.

If you want to invest, buy gold, silver or palladium and stay away from the fiat currency/bitcoin crap.

What’s to facilitate life mean?

Guess it’s per household. But they intend it for parent of disabled kids as someone getting $700 a month can’t wfford $400 car payments and their bills.

Anyways my sister owns a car already and such I can’t have one over $2000

I feel anxiety over spending big amounts of money.

I have a massive culture gap on the gun thing so I won't comment on that.

Any amount of money really.

Once I buy all my meals and pay rent, I have to cut into my savings if I want to buy anything else that month. I lost about £100 out of there buying Christmas gifts. I felt really guilty when the bill came through because my stepdad is obsessed with keeping books balanced these days.

The thing is he's a hypocrite cos he was on a lecturer's salary and this was still happening to him til mum helped him manage his finances. He's a nice person and he'd give loads of money to people who asked for it, even though he was in debt. His method for managing bills was ignoring them.

I've facilitated the answer HERE.

$650/week gross or net? Even at ~75% above minimum wage my take home pay was less than $500/wk after tax & union deductions. I'm currently just a hair under 2x minimum wage and my take home pay may still be under $650/wk. (Canadian dollars, compared to BC's minimum wage of $10.25cdn/hr.) But yeah, I know min wage is $18AUD there or something. Apples to Oranges, I know.. but just comparing numbers to numbers is a bit frustrating. Especially since I live where EVERYTHING is expensive.

Anyways, that stuff is irrelevant to this thread. What I really wanted to comment on is the fact that I was surprised that you didn't make a post pointing out that the op's food budget is $34/wk (calculated by a $17 pizza being half his weekly food budget) and that perhaps it may be much wiser to increase his weekly food budget in order to eat healthier foods, and in turn become healthier himself, vs. indulge in a $1000+ special interest purchase at the expense of his health. A bit surprised no one else has pointed out the same, but more so that you didn't.

Sly, I think you missed this. You can have a car of any value for yourself.

^ Maybe he just doesn't want one?

Yeah, having a car may open-up more opportunities, but cars can also be a source of stress.

650 net. It's about 750 gross. Yeah, we do have a pretty high min wage here.

Well there are a few reasons I didn't make a comment like that. Firstly, it actually didn't cross my mind. I was more focused on saving money and that train of thought.

Secondly, OP seems to have minimal motivation to try losing weight and as such it probably wouldn't be useful to suggest it. It might be a different story if he was more proactive in trying to figure out how to lose weight.

The third, final and most pertinent reason I didn't dispense that advice is because if he took it, once that money runs out he's back to square one, and I don't believe in structuring weekly finances in a way that is unsustainable. I would have to have a lot of savings to consider setting up my finances where I'm habitually spending more money in a week than I make. Even if you have the money, I think saving is important, and you can't possibly be saving money if you're spending more than you make on a weekly basis.

If sly can't eat healthy without that extra $1000 then he also cant eat healthy after it's gone, and what happens then? Old habits probably start creeping back through and he ends up back where he is now in a matter of months. It'd be great if sly could eat healthy but the way I see it, it's got to be sustainable or else he's prone to falling back into old habits once it's no longer sustainable.

And also very low payroll deductions, I see. I JUST qualified for a raise to A3 (Level 3 apprentice) wage of $21.16cdn+ benefits/hr (top rate is currently $33+ benefits = $42.50/hr total package; which is amongst the lowest wages for a skilled trade here - but there's more plenty more $ to be made in cash side jobs once I get my skills & speed up.) Since I haven't had a full two week paycheque at my new rate yet, I'm not sure if I'll net $650/wk yet. It was about $573 at my last rate, so am expecting around $610-$615ish net/wk at my new one, and around here, especially with a car on the road, that = quite working class poor. But, like yourself, I've become a saver. Even with 89 cents in my chequing account just before Christmas in December, and paying rent/food/gas/car pmt & repaying my brother for a small loan instead of dipping into investments etc while netting just under $2300/mo I will be able to pay my $2045 (maximum discount, full rate is $3700) car insurance due March 5th in full & still have a few hundred dollars leftover. I'm one of few that can start over in a new career at a very low wage and make it work because I've learned to spend money on only things I Need and almost nothing I Want - mostly because I'm not materialistic and don't really want any "things." So, when I do earn more money than I Need, it gets saved & invested for future use on much bigger ticket life expenses. (University tuition.) Blah blah, only sharing for those who are not savers so they may be inspired to become so themselves.



An interesting take, but my experience says otherwise. I wasn't referring to weight loss specifically at all, but that could be an added bonus. Spending money on healthy food has been an investment in myself with a financially measurable ROI. Spending money on healthy food (in my experience) hasn't depleted financial resources only to be unsustainable. Instead, spending money on healthy food has built up my body & neurological functioning and in turn enabled me to earn more money by being able to work full time+ again - sustainably now for 6+ years. No, not everyone will have the same experience as I have, but, it's been my experience that spending money on healthy food isn't an unsustainable expenditure.. it's been an investment in my own health and in turn capacity to earn more and more money that I could not before. When I began doing this, I had a roof over my head, decent food to eat (in exchange for what labour I could manage) + discretionary income of $150/month. I invested 100% of that money into the foods and things that would improve my health the greatest/dollar spent as rapidly as possible, and improved my health and capacity to work. Rinse and repeat and here I am able to work 40-60+ hours/week, every week, for years on end in order to earn more money to make my way through life and save for future goals. So, in MY personal experience, spending money on healthy food is not an unsustainable expense.. it's the pathway towards a sustainable future budget due to an increased capacity to earn money.

BUT, like weight loss, none of this is possible w/o that being the intention of the person spending said money. No goals, no work, no results.