Bankrupt Pay By Touch founder "needs" $1,000 per month for clothes - Valleywag Comments

Bankrupt Pay By Touch founder "needs" $1,000 per month for clothes

Slartey — Fri, 14 Dec 2007 10:15:18 PST

I can't believe that his monthly expenditure on "Recreation, clubs and entertainment" was only $500. Makes you wonder why he bothers to spend $1000 on clothing each month - seems a little disproportionate. I guess he must dress himself up (a lot) and get someone else to pay for him (but then he claims to stuff himself with $1000 worth of food every 30 days). Maybe he buys disposable clothes... But then again he maintains that he spends $200 on laundry a month, so that can't be it... He must have the laundromat in his own house, given his $2000/month electricity bill... But then why would have to pay for the laundry? Such conundrums...

Slartey

Bankrupt Pay By Touch founder "needs" $1,000 per month for clothes

deep_pit — Thu, 29 Nov 2007 08:47:06 PST

Read on in the complete document. This makes great toilet side reading. From current monthly gross wages, salary and commissions of $25,000, $15,450.72 is the net monthly (page 15). Current expenditures are $8,000 for rent or mortgage (that's more than 1/2 of net monthly income!), $2,000 for electricity and heating fuel (!), $1,000 for water and sewer, and $1,000 for telephone, $1,000 for food, $1,000 for clothing (per month?), and $1,300 for various other expenses for a total monthly expenditure of $15,300 (page 16). That means monthly take home after expenses is $15,450.72 - $15,300 = $150.72. Poor man.

deep_pit

Bankrupt Pay By Touch founder "needs" $1,000 per month for clothes

Rick — Wed, 28 Nov 2007 15:35:31 PST

lol, no blow in the declaration?

Rick

Bankrupt Pay By Touch founder "needs" $1,000 per month for clothes

mandarin — Wed, 28 Nov 2007 10:58:22 PST

Overspending clown...

mandarin

Bankrupt Pay By Touch founder "needs" $1,000 per month for clothes

Adam Rock — Wed, 28 Nov 2007 10:40:27 PST

Correction: That's $500 on both Transportation and Recreation, not on Charitable Contributions.

Don't give credit where none is due!

Adam Rock