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Re: Brown bagging in a more formal office

Another young professional here! I have a lunch bag similar to the below, except mine is just solid blue : http://www.target.com/p/built-neop-lunch-s-monster-mashup/-/A-14461048#prodSlot=medium_1_18&term=lunch My rule of thumb: I bring a lunch every single day in this blue lunch tote. Usually it...
by Savvy
Wed Apr 09, 2014 2:19 pm
 
Forum: Personal Consumer Issues
Topic: Brown bagging in a more formal office
Replies: 43
Views: 3076

Re: Mr. Money Mustache: Hero or Foolish?

His blog was my motivation to buy a bike.. "it's ludicrous to drive a massive, gas guzzling suv across town to work out on a treadmill, while watching. Get on your bike, walk, get moving. An ex-co-worker told me about a guy who rode his bicycle to work every day. He was doing that one morning ...
by Savvy
Mon Mar 31, 2014 1:06 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 247
Views: 27134

Re: Best Mortgage Type for 1st-timers: 30-YR Fixed?

Thank you all for the great advice. In general, we could afford to pay a 15-year mortgage but it would substantially damage the tax-advantaged retirement savings contributions. We'd like to pay at the amount per month similar to a 30-year mortgage. It sounds like the 10/1, 15/15, and 7/1 are all wor...
by Savvy
Tue Mar 25, 2014 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best Mortgage Type for 1st-timers: 30-YR Fixed?
Replies: 19
Views: 1189

Best Mortgage Type for 1st-timers: 30-YR Fixed?

Hey Bogleheads! My wife and I are purchasing our first home. We are putting 20% down. We would expect to be in the home for 10-12 years. Should we be considering any type of loan besides a 30-year fixed? We do not want to pay off the loan quicker than the 30-year schedule, but since we don't expect ...
by Savvy
Tue Mar 25, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best Mortgage Type for 1st-timers: 30-YR Fixed?
Replies: 19
Views: 1189

Re: finding ways to save money

mr money mustache has dramatically changed how my wife and I spend money. His basic premise is that you can spend less without lowering happiness. Keep in mind that you need around 25x expenses in retirement savings to retire (we could debate the multiple) which means that if you lower your annual s...
by Savvy
Sun Mar 02, 2014 7:19 am
 
Forum: Personal Finance (Not Investing)
Topic: finding ways to save money
Replies: 39
Views: 3437

Re: Dave Ramsey's voice is in my head...

My suggestion...sell the car and don't buy another one.

Before selling, try actually only using one car for a week. Hopefully, although it's more effort, you'll realize that you can get by with one. I hope this helps!

Savvy
by Savvy
Mon Feb 10, 2014 2:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey's voice is in my head...
Replies: 70
Views: 7274

Re: vacation to Disneyworld

Great time (in terms of kids' ages) to go! 1. Look for the apps showing line times - I think one is about $7 but well worth it. We would plan our day ahead of time and then adjust according to the app line times. so helpful. If you're waiting in line for more than 45 minutes at any ride you've done ...
by Savvy
Mon Feb 10, 2014 10:58 am
 
Forum: Personal Consumer Issues
Topic: vacation to Disneyworld
Replies: 23
Views: 1801

Re: How much financial support should you give your kids?

As someone that graduated from college two and 1/2 years ago, I can tell you that the money would be very, very appreciated. However, I think that receiving this gift on graduation could likely cost them the same amount or more in their lifetime if they rely on this money rather than their own hard ...
by Savvy
Sun Feb 02, 2014 2:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much financial support should you give your kids?
Replies: 53
Views: 3218

Re: Low Income Budget

Klarose - welcome to the forum! You will find lots of knowledgeable folks here.

Can you or your significant other look for a part-time job to boost your income?

I understand that you are not eager to earn a crazy amount of money, but think of it as savings for when you do have kids in the future.
by Savvy
Thu Jan 30, 2014 7:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Low Income Budget
Replies: 70
Views: 3971

Re: Multiple Offers on House: Best and Final Bid Needed Toni

Can someone help me - I never understood the reasoning in submitting a bid to buy where the seller pays the closing costs. I've been a seller and If I got an offer like that I'd be inclined to tell them to stick it all things being equal. Just give me a clean offer with no monkeying around. I ain't...
by Savvy
Thu Jan 30, 2014 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Multiple Offers on House: Best and Final Bid Needed Tonight!
Replies: 38
Views: 3176

Re: Multiple Offers on House: Best and Final Bid Needed Toni

I read this thread long after the deadline passed. It wasn't much time to post on bogleheads the same day. I bought a high-end foreclosed home, more precisely an "REO" that was listed on MLS. The previous owners had been trying to sell it for about $1.6 million for 2 years before it got f...
by Savvy
Thu Jan 30, 2014 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Multiple Offers on House: Best and Final Bid Needed Tonight!
Replies: 38
Views: 3176

Re: UPDATE

We offered $184K, seller pays closing cost as our best and final offer. Just found out that a third buyer also submitted a bid, and we finished last of the 3 bids. I was very confident we'd get it since it was at $180K for 3 weeks before we submitted our bid. However, we don't feel too bad about no...
by Savvy
Wed Jan 29, 2014 7:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multiple Offers on House: Best and Final Bid Needed Tonight!
Replies: 38
Views: 3176

Re: Multiple Offers on House: Best and Final Bid Needed Toni

If the OP's market is like our market, there really aren't bidding wars, just multiple-offer situations where each buyer is asked for highest-and-best. There is no second counter-offer, so it's not really a war where you are trying to one-up other buyers. We missed out on our first three highest-an...
by Savvy
Wed Jan 29, 2014 7:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multiple Offers on House: Best and Final Bid Needed Tonight!
Replies: 38
Views: 3176

Re: UPDATE

We offered $184K, seller pays closing cost as our best and final offer. Just found out that a third buyer also submitted a bid, and we finished last of the 3 bids. I was very confident we'd get it since it was at $180K for 3 weeks before we submitted our bid. However, we don't feel too bad about not...
by Savvy
Wed Jan 29, 2014 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multiple Offers on House: Best and Final Bid Needed Tonight!
Replies: 38
Views: 3176

Re: Train tickets in Italy-Wow!!

Have you considered flying? It may be cheaper.

Ryanair
Skyscanner
by Savvy
Wed Jan 29, 2014 2:41 pm
 
Forum: Personal Consumer Issues
Topic: Train tickets in Italy [trouble booking with Trenitalia]
Replies: 22
Views: 1888

Re: Multiple Offers on House: Best and Final Bid Needed Toni

What we did was (I forget the exact wording; we worked with a Realtor who helped with the specifics) to offer something like "$X,xxx more than the next highest offer, but not to exceed $YYY,yyy". Just don't overbid to some extent that later you might regret it. RM I didn't that maneuver w...
by Savvy
Tue Jan 28, 2014 6:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multiple Offers on House: Best and Final Bid Needed Tonight!
Replies: 38
Views: 3176

Re: Multiple Offers on House: Best and Final Bid Needed Toni

kenyan wrote:Don't make a counter offer based upon what you think someone else might be thinking, especially since you have no information about anyone else. Just make an offer that you are comfortable with for your family with your finances.


Thanks kenyan, well said and very true.
by Savvy
Tue Jan 28, 2014 5:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multiple Offers on House: Best and Final Bid Needed Tonight!
Replies: 38
Views: 3176

Re: Multiple Offers on House: Best and Final Bid Needed Toni

What we did was (I forget the exact wording; we worked with a Realtor who helped with the specifics) to offer something like "$X,xxx more than the next highest offer, but not to exceed $YYY,yyy". Just don't overbid to some extent that later you might regret it. RM I didn't that maneuver w...
by Savvy
Tue Jan 28, 2014 5:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multiple Offers on House: Best and Final Bid Needed Tonight!
Replies: 38
Views: 3176

Re: Multiple Offers on House: Best and Final Bid Needed Toni

nyblitz wrote:How exactly do you know there is another offer? The word of the bank?


The seller notified our Realtor.
by Savvy
Tue Jan 28, 2014 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multiple Offers on House: Best and Final Bid Needed Tonight!
Replies: 38
Views: 3176

Multiple Offers on House: Best and Final Bid Needed Tonight!

Hey BHs, My wife and I are trying to purchase a house. It's foreclosed. It started at 219,900, dropped to 209,900, dropped to 199,900, dropped to 189,900, and is now listed at 179,900 155 days later. Long story short: we like it and it's in our price range. We put in an offer, so did someone else ap...
by Savvy
Tue Jan 28, 2014 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multiple Offers on House: Best and Final Bid Needed Tonight!
Replies: 38
Views: 3176

Re: Do You Consider the Opportunity Cost of Owning a Home?

Personally, I had rather own my home than rent, but you might find this interesting: https://www.khanacademy.org/economics-finance-domain/core-finance/housing/renting-v-buying/v/renting-vs--buying-a-home?utm_source=Sailthru&utm_medium=email&utm_term=Stuff%20You%20Might%20Like%20Testing%20Se...
by Savvy
Mon Jan 20, 2014 11:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do You Consider the Opportunity Cost of Owning a Home?
Replies: 54
Views: 3215

Re: Do You Consider the Opportunity Cost of Owning a Home?

Wow, thank you all for the fantastic feedback. I really appreciate the time you spent! @Abe, Thanks for the video! Just watched and will be asking my wife to watch as well. Very straightforward. @jimb, I appreciate the critique of the author of the article I posted. This is why I love this forum! @L...
by Savvy
Mon Jan 20, 2014 10:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do You Consider the Opportunity Cost of Owning a Home?
Replies: 54
Views: 3215

Do You Consider the Opportunity Cost of Owning a Home?

We are debating purchasing a home. We know the neighborhood we want to live in, but are waiting for the right home to come up for sale. After "running the numbers" similar to the post by jlcollins, it appears that it's rarely financially beneficial to purchase a home, when considering main...
by Savvy
Mon Jan 20, 2014 3:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do You Consider the Opportunity Cost of Owning a Home?
Replies: 54
Views: 3215

Re: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST

I know the answer for sure! It's 1799.
by Savvy
Thu Jan 02, 2014 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST
Replies: 525
Views: 10653

Re: Single & Frugal or Coupled & (Financially) Incompatible?

Married and frugal is the best! :D FWIW, we're in our 20s. My wife would be the first to admit she knew very little about money prior to our marriage. Once she understood more about saving for retirement, where money goes, how to budget, etc. she appreciated frugality more. A big portion of people j...
by Savvy
Thu Jan 02, 2014 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Single & Frugal or Coupled & (Financially) Incompatible?
Replies: 77
Views: 5597

Re: Tired [of Corporate Life]

You're ABSOLUTELY right Savvy. The commute is a killer. Don't need to read about it - I live it. My days are very long! Plan on starting to work from home 1 day/week and leave earlier for work in the morning to avoid traffic (something that, for some reason, I find difficult). I'd like to move clos...
by Savvy
Fri Dec 27, 2013 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Tired [of Corporate Life]
Replies: 57
Views: 6492

Re: Tired [of Corporate Life]

Really like my house - it has a large garden that my wife and I really enjoy. Also my wife works only 3 miles from the house - very convenient for her (not me though). Recently, must admit that I did buy nice car - but I drive 1 hour to 1.5 hours to work each day each way. But I take your point - c...
by Savvy
Thu Dec 26, 2013 4:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tired [of Corporate Life]
Replies: 57
Views: 6492

Re: Target Credit/Debit Card Hacks - what to do?

We just cancelled our account (we had a debit card). Took about 15 phone calls in a ten minute span before one went through. Pretty painless 5-minutes of holding, 5-minute conversation with a nice gentleman. Cancellation is effective immediately.
by Savvy
Mon Dec 23, 2013 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Target Credit/Debit Card Hacks - what to do?
Replies: 94
Views: 5927

Re: Roth - spousal vs employee contribution?

I would recommend asking your broker. My wife and I do all the Roth contributions ourselves and don't work through a broker. Who is the roth designated for, you or your spouse?
by Savvy
Tue Dec 17, 2013 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth - spousal vs employee contribution?
Replies: 4
Views: 231

Re: No emergency fund for me. I use inverse ETF's as a sub

I won't buy into the strategy until I read your newsletter.
by Savvy
Mon Dec 16, 2013 11:11 pm
 
Forum: Investing - Theory, News & General
Topic: No emergency fund for me. I use inverse ETF's as a sub
Replies: 80
Views: 4477

Re: I Need to Leave My Financial Advisor

You do not owe him/her a reason for leaving.
by Savvy
Mon Dec 16, 2013 7:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: I Need to Leave My Financial Advisor
Replies: 66
Views: 6214

Re: Going back to school for more money.

I cannot speak to the Pharm option. I do not work for a public accounting firm but a Fortune 500 where it's clear that CPAs have more opportunities (and better paying ones) than accountants without CPAs. Have you considered this?

Good luck!
Savvy
by Savvy
Sat Dec 14, 2013 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Going back to school for more money.
Replies: 7
Views: 593

Re: Considering a "Year Off" from retirement contributions..

DFW: --I am sorry to hear about the infertility challenges. Close family have dealt with similar and it's not easy (emotionally or financially). Stay persistent and tough and maybe things will work out for the good! Good for you guys for continuing to pursue children despite the emotional rollercoas...
by Savvy
Sat Dec 14, 2013 12:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 5326

Re: Removing wisdom tooth - what do I need to know?

At the time I was under my parent's insurance so I have no idea how much it cost. However, I thought it was common practice for them to put you to sleep...so why would you need laughing gas?
by Savvy
Thu Dec 12, 2013 2:27 pm
 
Forum: Personal Consumer Issues
Topic: Removing wisdom tooth - what do I need to know?
Replies: 27
Views: 1208

Re: What percentage of your income are you saving?

24 yrs old & married. Save around 50% gross income, but that includes our savings for a house down payment.
by Savvy
Thu Dec 12, 2013 2:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: What percentage of your income are you saving?
Replies: 208
Views: 11723

Re: Help 37 y/o with only $4k in Retirement

Hello and welcome to the forum! Based on your income and 2 dependents, are there any programs that you qualify for and can apply for? I am no expert, but have a married friend that has around the same income with one child and he gets some sort of food benefit from the gov. Good luck! Edit 1: As you...
by Savvy
Thu Dec 12, 2013 12:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help 37 y/o with only $4k in Retirement
Replies: 17
Views: 2302

Re: 17 year old seeking advice!

Hello and welcome to the forum!

You are starting early which is great. A book I enjoy is the Bogleheads' Guide to Investing.

My motto in life is "The harder you work, the luckier you get" which is also what I recommend for you as you go through school/education.

Savvy
by Savvy
Tue Dec 10, 2013 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: 17 year old seeking advice!
Replies: 10
Views: 914

Re: help

Is there a reason why you are putting money into a taxable account before maxing the Roth IRA?

Good luck! Savvy
by Savvy
Tue Dec 10, 2013 12:19 am
 
Forum: Investing - Help with Personal Investments
Topic: help
Replies: 14
Views: 1225

Re: Starting my investments.

Hello and welcome to the forum! Hopefully after my post a few wiser Bogleheads will jump in. 1. Save as much as you can for as long as you can. While you're young (like me) the amount you save will have a much bigger impact on the size of your account than the funds you choose. Focus your energy her...
by Savvy
Tue Dec 10, 2013 12:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Starting my investments.
Replies: 6
Views: 423

Re: Getting Approved for Credit Card

Thought this would be helpful for anyone else in a similar scenario. Problem is that "30 days" isn't a useful similar scenario. One person could end up approved. Another could be denied. It all depends on the individual's credit. takeshi, Can you clarify your post? My point was that calli...
by Savvy
Tue Dec 10, 2013 12:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Getting Approved for Credit Card
Replies: 5
Views: 825

Re: Spirit Air?

Ha. My top two worst experiences of any travel were on Spirit flights....and I've only flown with them twice....one round-trip flight. I will never fly with them again. In addition, they promised me a refund that I never got (for delayed flights and other problems), despite innumerable calls to cust...
by Savvy
Sun Dec 08, 2013 3:19 pm
 
Forum: Personal Consumer Issues
Topic: Spirit Air?
Replies: 33
Views: 1766

Re: Advice for studying abroad in Spain?

the biggest thing your daughter needs to learn is how to carry a purse across her body, not over your shoulder, and in front. No backbacks that can be easily opened in a crowded place. Never ever leave any valuables on a table, floor or strung over a chair.Never take your eyes off your suitcase, ev...
by Savvy
Fri Dec 06, 2013 10:27 am
 
Forum: Personal Consumer Issues
Topic: Advice for studying abroad in Spain?
Replies: 25
Views: 1110

Re: Advice for studying abroad in Spain?

I studied abroad in Seville, Spain, for 6 months in 2010 living with a host family while in college. Where is she going to study? What level of Spanish skills does she have? Southern Spain will offer more of the "traditional" Spanish culture, unique accents, bull fights, etc. Spain is a be...
by Savvy
Tue Dec 03, 2013 2:01 pm
 
Forum: Personal Consumer Issues
Topic: Advice for studying abroad in Spain?
Replies: 25
Views: 1110

Re: What Insurance Do We Need? Young married couple

I've been insured by AMICA for several years for everything except homeowners and flood, which they do longer do in my area. For many years I was a State Farm customer. The one time I had a State Farm claim, for damage from a nearby creek overflowing, they were terrible to deal with. It was a fight...
by Savvy
Sun Dec 01, 2013 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: What Insurance Do We Need? Young married couple
Replies: 4
Views: 545

Re: Oldest credit card - upgrade?

I think it will continue the credit history you have with BofA. They have incentive to have you use a new card with better rewards because it will be profitable for BofA since you currently don't use their card. Be careful, though. Make sure they are upgrading you and you are not applying for a new ...
by Savvy
Sun Dec 01, 2013 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Oldest credit card - upgrade?
Replies: 11
Views: 1073

Re: What Insurance Do We Need? Young married couple

Your umbrella premium sounds reasonable. But did you shop around on your auto? I only insure myself, so I can't compare directly (and it also depends on factors like off-street parking, zipcode, etc.), but I pay $743/year for a 2010 Kia Soul with 500k per accident/250k per person/100k property dama...
by Savvy
Sun Dec 01, 2013 12:10 am
 
Forum: Personal Finance (Not Investing)
Topic: What Insurance Do We Need? Young married couple
Replies: 4
Views: 545

What Insurance Do We Need? Young married couple

Hey Bogleheads, My wife and I are ~25, earn just barely 6 figures, and have no kids. We each have 2X salary life insurance through work. Our employers provide short-term and long-term disability (LT is 60% income reimbursement) and good medical plans. AD&D optional (which we don't pay for). We r...
by Savvy
Sat Nov 30, 2013 11:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: What Insurance Do We Need? Young married couple
Replies: 4
Views: 545

Re: Gift to young adult relatives

I'm 24.

Even if they were to completely "fail" and withdraw and spend it very quickly, at some point in their life they will think "Huh, how did my relative accumulate such wealth that he/she was able to give away 000s to his neices and nephews? How can I do that?" Maybe?

Savvy
by Savvy
Mon Nov 25, 2013 2:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Gift to young adult relatives
Replies: 30
Views: 2057

Re: When To Start? (Taxes, Fees, Etc.)

Welcome to the forum!

What 401K options do you have? Does your employer offer a 401K contribution match? Do you have credit card debt? Do you have an emergency fund?
by Savvy
Thu Nov 07, 2013 2:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: When To Start? (Taxes, Fees, Etc.)
Replies: 3
Views: 377

Re: 250k Student Loan Payment Schedule

Pay off the $10K loan as fast as possible. Will free up some cash flow.
by Savvy
Thu Nov 07, 2013 2:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: 250k Student Loan Payment Schedule
Replies: 47
Views: 4819
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