Search found 185 matches

by dsmil
Mon Jun 22, 2015 10:33 am
Forum: Personal Finance (Not Investing)
Topic: What percent of your spending is "basic" and what percent is "discretionary"?
Replies: 42
Views: 3773

Re: What percent of your spending is "basic" and what percent is "discretionary"?

Our basic spending is 75% and our discretionary spending is 25%. Basic is anything that would continue for us in an emergency situation and discretionary is anything that wouldn't.
by dsmil
Fri Jun 19, 2015 1:47 pm
Forum: Personal Consumer Issues
Topic: New to Golf
Replies: 45
Views: 4668

Re: New to Golf

Learning the swing is 1000x as important as the clubs so you want the clubs to be as cheap as possible in the beginning, and use more of your money with lessons and at the driving range. Your swing will change a lot as you get better and then you can invest in some better clubs. In the beginning you...
by dsmil
Fri Jun 19, 2015 9:31 am
Forum: Personal Finance (Not Investing)
Topic: [Maryland] 1st Time Home Buyer, Suggestions?
Replies: 15
Views: 2314

Re: [Maryland] 1st Time Home Buyer, Suggestions?

There are a bunch of great townhouses in your range in Crofton (including one that I live in). $340k should get you a 4 BR, 3.5 BR townhouse built in the mid-90's, and a pool, tennis courts, and basketball courts included in the $60 HOA. Or you could go with a garage instead of a 4th bedroom. Anothe...
by dsmil
Thu Jun 18, 2015 9:27 am
Forum: Personal Consumer Issues
Topic: Your Top 10 Bands and Top 10 Movies
Replies: 30
Views: 3546

Re: Your Top 10 Bands and Top 10 Movies

Bands

Brand New
Foo Fighters
The Early November
New Found Glory
Kevin Devine
Taking Back Sunday
Thrice
Thursday
R.E.M
The Beach Boys

Movies

Ocean's Eleven
Gladiator
Goodfellas
Taxi Driver
Godfather Parts I and II
Office Space
Forrest Gump
Bourne Trilogy
Matrix Trilogy
Meet the Parents
by dsmil
Thu Jun 11, 2015 6:14 pm
Forum: Personal Consumer Issues
Topic: What do you do to relax just after returning from work
Replies: 59
Views: 6012

Re: What do you do to relax just after returning from work

My favorite thing to do is on my commute home when I like to roll the windows and the sun roof down and enjoy the weather and my music. I don't understand why I don't see anyone with their windows down even when the weather is really nice outside. Once I get home, it would be a walk with the wife an...
by dsmil
Wed Jun 10, 2015 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Has Anyone Chosen Work Life Balance over Extra Money?
Replies: 101
Views: 10370

Re: Advice Needed - Has Anyone Chosen Work Life Balance over Extra Money?

I switched jobs a couple years ago knowing that my long term earning potential could take a hit but it was worth it to be closer to home and to work 40 hrs/week. Now, with a 3 month old, my wife is going to either stay at home or work a couple of days a week which is another decision away from money...
by dsmil
Tue Jun 09, 2015 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: 401k with no matching
Replies: 13
Views: 1174

Re: 401k with no matching

I'd first fill up the $5,500 of IRA contributions and then go for the 401k if you'd like to invest more. 401k's generally have higher fees and your IRA isn't tied to your job.
by dsmil
Tue Jun 02, 2015 10:15 pm
Forum: Personal Consumer Issues
Topic: US Open Tennis 2015 Presale Now ON
Replies: 8
Views: 1167

Re: US Open Tennis 2015 Presale Now ON

Where are you seeing the 2 for 1 tickets?
by dsmil
Mon May 18, 2015 7:22 pm
Forum: Personal Consumer Issues
Topic: Trip Insurance
Replies: 35
Views: 1732

Re: Trip Insurance

Did you book your trip with a credit card that includes trip insurance?

Our chase sapphire card comes with trip interruption insurance and saved us a lot of money when my wife had to come home from Europe early due to pregnancy sickness.
by dsmil
Fri May 15, 2015 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 226
Views: 48775

Re: Share your networth progression

Combined numbers with wife: -2009 Net Worth = -$90k (just graduated college, 100k of student loans, minimal investments, renting apartment, hired for good job but didn't start until a few months after graduation) -2015 Net Worth = $60k (1 child, good jobs, investments and student loan amount equal a...
by dsmil
Thu May 07, 2015 12:47 pm
Forum: Personal Consumer Issues
Topic: New car vs used car -- what's your approach?
Replies: 57
Views: 3025

Re: New car vs used car -- what's your approach?

I have a '97 Acura Integra with similar miles to your car. I don't think $1k a year is terrible considering what a car loan on a $30k car would be. Also, brakes and tires have to be replaced regardless of how old your car is, so looking at the costs of fixes, rather than maintenance items, is more u...
by dsmil
Fri May 01, 2015 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Value of personal time
Replies: 24
Views: 2229

Re: Value of personal time

The only time that I'm really thinking about the value of my personal time is when making career choices. Currently I make enough to support my family, work 40 hour weeks, and get 27 vacation days a year. I really couldn't even think of a situation (other than job loss) that would get me to take a j...
by dsmil
Thu Apr 30, 2015 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Contributing to Roth & Traditional IRA
Replies: 11
Views: 562

Re: Contributing to Roth & Traditional IRA

Considering that you don't have much of an emergency fund, if you'd like to fill up your IRA space this year than I think the Roth is the way to go. Just put it somewhere safe and use it as an emergency fund. In the future, if you have more than enough cash flow to fill up the IRA, you can start bui...
by dsmil
Wed Apr 29, 2015 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: 25 Y/O - where to put surplus money
Replies: 10
Views: 1484

Re: 25 Y/O - where to put surplus money

If I were you I'd throw the extra money into the Roth and earmark it as emergency funds (invest in something safe). I doubt that $10k will equal 6 months of expenses in the long-term, which means that you'll have to beef up the emergency fund at some point. I think it makes sense to max out the Roth...
by dsmil
Tue Apr 28, 2015 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA/College Fund
Replies: 3
Views: 274

Re: Rollover IRA/College Fund

If the $13k in the 403b was planned on being used for college, and you're hitting your retirement goals, than you could take the next $13k that you planned on putting in the 401k, and put that into a 529 or Roth. Or directly roll over the balance into a Roth if allowed. That way, you've basically r...
by dsmil
Tue Apr 28, 2015 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA/College Fund
Replies: 3
Views: 274

Re: Rollover IRA/College Fund

If the $13k in the 403b was planned on being used for college, and you're hitting your retirement goals, than you could take the next $13k that you planned on putting in the 401k, and put that into a 529 or Roth. Or directly roll over the balance into a Roth if allowed. That way, you've basically re...
by dsmil
Fri Apr 24, 2015 8:51 am
Forum: Personal Consumer Issues
Topic: Who still have Cable TV?
Replies: 63
Views: 3532

Re: Who still have Cable TV?

I watch so many sports on TV that at this point, I'm not even thinking about cutting the chord. $100 is worth it for the convenience that cable tv offers me for my sports viewing.
by dsmil
Fri Apr 24, 2015 8:49 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds Poll
Replies: 72
Views: 4345

Re: Age in Bonds Poll

I prefer the curved models that Vanguard and others use for the target retirement portfolios, but using a straight line model seems nice a simple for the average investor.
by dsmil
Sun Apr 12, 2015 8:05 am
Forum: Personal Consumer Issues
Topic: Has Anyone had a Credit Card Cancelled for not Using It
Replies: 51
Views: 4319

Re: Has Anyone had a Credit Card Cancelled for not Using It

This thread spurred me to find an old credit card that my wife hasn't used in years. We used the card and logged into her account to find that we had $75 of cash rewards to redeem. Thanks Bogleheads!
by dsmil
Wed Apr 08, 2015 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 18783

Re: Cost of College & Weighing the Merits of Top Schools

I think that a student's major and grades have more to do with success than what school they go to. I'm sure that there are a lot of Ivy leaguers who picked useless majors and are now living on their parents' dime. I went to a solid state school, picked a good major, got decent grades, and accepted ...
by dsmil
Fri Mar 27, 2015 9:19 am
Forum: Personal Consumer Issues
Topic: Boglehead Concert Goers?
Replies: 64
Views: 3858

Re: Boglehead Concert Goers?

I went a ton in college (a few years ago), but the tickets for the rock shows that I went to were very cheap, other than Bamboozle. These are bands that weren't well known outside of the scene, and almost everyone at these shows were between 15-25 years old, without much money to burn. I don't go mu...
by dsmil
Mon Mar 23, 2015 9:13 pm
Forum: Personal Consumer Issues
Topic: How Do You Watch Television?
Replies: 81
Views: 6826

Re: How Do You Watch Television?

I watch too many sports on TV to ever considering cutting the cord. Whatever I'm paying is worth the convenience to me. If I want to save $100 a month on something, there has to be less painful ways for me to do it than cutting the cord.
by dsmil
Mon Mar 23, 2015 10:02 am
Forum: Investing - Theory, News & General
Topic: Should I invest my emergency fund?
Replies: 71
Views: 7884

Re: Should I invest my emergency fund?

I read that Betterment post a couple of weeks ago and love what it had to say, because I always feel bad about my emergency money just sitting there. Rather than having 6 months of expenses at on online savings account, my new plan is to have 4 months at an online savings account and 4 months in eq...
by dsmil
Sat Mar 21, 2015 10:29 pm
Forum: Investing - Theory, News & General
Topic: Should I invest my emergency fund?
Replies: 71
Views: 7884

Re: Should I invest my emergency fund?

I read that Betterment post a couple of weeks ago and love what it had to say, because I always feel bad about my emergency money just sitting there. Rather than having 6 months of expenses at on online savings account, my new plan is to have 4 months at an online savings account and 4 months in equ...
by dsmil
Thu Mar 19, 2015 9:07 pm
Forum: Investing - Theory, News & General
Topic: Poll: When to pay down debt rather than invest
Replies: 49
Views: 4458

Re: Poll: When to pay down debt rather than invest

Correct me if I'm wrong, but interest rates aside, isn't paying off the loans early pretty useless if once the loan payment is gone, you are then spending some of that extra cash flow rather than saving it all? I'd rather invest and pay some loans with reasonable interest rates for longer, rather th...
by dsmil
Tue Mar 17, 2015 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Did you buy a house because of low interest rate?
Replies: 25
Views: 2070

Re: Did you buy a house because of low interest rate?

We didn't buy our house because of interest rates, but I do believe that we bought our house a year or two earlier because of interest rates. In the fall of 2012, we went against the Boglehead philosophy and went with an FHA loan with 3.5% down. We were able to catch low prices and interest rates, s...
by dsmil
Fri Mar 13, 2015 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Student Loan with SoFi?
Replies: 26
Views: 1735

Re: Refinance Student Loan with SoFi?

My wife and I both just refinanced our student loans to SoFi, and went from 6.55% fixed to 3.42% variable with SoFi. I would never do a variable rate on a house, but our loans are low enough that the max interest rate still wouldn't be awful, and we have only 5 years left so I don't see a reason to ...
by dsmil
Sat Mar 07, 2015 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 23623

Re: Do you consider mortgage payments as savings?

I budget (via YNAB) with cash flow. I don't budget via net worth, though I fully understand how that works (and I do track my net worth separately). In that budget, 'savings' are things that are disappearing from my monthly cash flow, are elective, and are earmarked for the future. The fact that th...
by dsmil
Sat Mar 07, 2015 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 23623

Re: Do you consider mortgage payments as savings?

A lot of debate on this issue! I only calculate my retirement savings rate, but I would have no problem counting my mortgage principal payment in a total savings calculation. For my monthly budget, I do consider my entire mortgage payment as an "expense" because it is money going out on a ...
by dsmil
Mon Feb 23, 2015 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: What % of your gross income do you spend on mortgage/rent?
Replies: 155
Views: 10148

Re: What % of your gross income do you spend on mortgage/ren

18.5%, which includes principal, interest, FHA MIP, insurance, taxes, HOA, and utilities.
by dsmil
Fri Feb 20, 2015 10:40 pm
Forum: Personal Consumer Issues
Topic: Thoughts on replacing tires?
Replies: 60
Views: 4347

Re: Thoughts on replacing tires?

I trust my mechanic and a few months ago he told me that I'd have to get new tires soon. They had 50k miles on them and I planned on getting it done during my next oil change in 3 months. A few weeks later, one of them totally exploded on the highway but I made it to the side of the road safely. I j...
by dsmil
Fri Feb 20, 2015 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Why don't I see more people arguing for a world portfolio?
Replies: 41
Views: 3337

Re: Why don't I see more people arguing for a world portfoli

Modern portfolio theory was based on past performance and came up with a sweet spot for international investing that a lot of people hover around. If this sweetspot was more in line with the world allocation, I believe that more would go this route.
by dsmil
Tue Feb 17, 2015 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: To all: How have you used your emergency fund?
Replies: 40
Views: 3258

Re: To all: How have you used your emergency fund?

Here is a related thread that I started in December for some more results https://www.bogleheads.org/forum/viewtopic.php?f=2&t=152808 We are working towards a 6 month emergency fund but I don't really know the right answer regarding if we've used it or not. We have a $500 random section in our m...
by dsmil
Wed Feb 11, 2015 10:19 pm
Forum: Investing - Theory, News & General
Topic: Wiki - For new investors: The Importance of Saving Early
Replies: 27
Views: 2609

Re: Wiki - For new investors: The Importance of Saving Early

This is why I'm always thinking about lowering my emergency funds from 6 months to something lower. I can't stand money just sitting there when it can be at work for another 40 years until retirement!
by dsmil
Mon Feb 09, 2015 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Loans vs. Investing
Replies: 17
Views: 1939

Re: Loans vs. Investing

I like keeping our student loans around because it's money that my wife can't go shopping with! Seriousuly, an overlooked reason to invest rather than paying down loans is that when loans are paid down, and monthly cash flow improves, this extra cash flow is often used for spending, rather than savi...
by dsmil
Thu Feb 05, 2015 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on my aggressive asset allocation
Replies: 10
Views: 1222

Re: Thoughts on my aggressive asset allocation

Your asset allocation looks good to me. At your age and mindset of staying the course, I don't see anything wrong with avoiding bonds for a bit.
by dsmil
Wed Feb 04, 2015 10:13 pm
Forum: Investing - Theory, News & General
Topic: Stock/Bond Ratio
Replies: 24
Views: 2468

Re: Stock/Bond Ratio

Using a straight line model for bonds/stocks allocation is easy, but I don't think that it makes a lot of sense. I like using a curved model, as is usually used in the target retirement age funds.

http://www.mymoneyblog.com/what-percent ... tocks.html
by dsmil
Tue Feb 03, 2015 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: What was your financial situation before having first child?
Replies: 34
Views: 2982

What was your financial situation before having first child?

My wife and I are due to have our first child next month. I feel like I've been obsessing over money lately even though we're in decent shape financially. I'd like to see how you fellow Bogleheads we're doing before taking the jump into parenthood. Our situation is that we are in our mid-upper 20's,...
by dsmil
Tue Feb 03, 2015 2:04 pm
Forum: Personal Consumer Issues
Topic: Changing jobs and PTO
Replies: 9
Views: 1244

Re: Changing jobs and PTO

I was paid unused PTO a couple of years ago when I left my job in Maryland
by dsmil
Mon Feb 02, 2015 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you contribute max to tax-advantaged before 529?
Replies: 38
Views: 3092

Re: Poll: Do you contribute max to tax-advantaged before 529

It's amazes me that this many people max out all tax-advantaged accounts...Bogleheads are really the cream of the crop. Once student loans are gone, our plans for college are to throw an extra $1k per month into the 401k. During college we'll try to use cash flow as much as possible, along with borr...
by dsmil
Fri Jan 30, 2015 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: 403b 457b Investing order
Replies: 12
Views: 485

Re: 403b 457b Investing order

I haven't funded any of these yet, but plan on using the 457b over the 403b in the future. The 457b allows for distributions upon separation of employment, regardless of age. I believe that a governmental 457b is the way to go, while non-governmental 457b's have some disadvantages.
by dsmil
Thu Jan 29, 2015 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: How do I balance debt v. investing in my situation
Replies: 28
Views: 2046

Re: How do I balance debt v. investing in my situation

I dont think a little debt hurts, especially if you are making payments and still have $2k left over every month.
by dsmil
Thu Jan 29, 2015 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Your Minimum Annual Expenses
Replies: 37
Views: 3934

Re: Your Minimum Annual Expenses

$46k for my wife and me (no kids yet)

$28k housing
$8k student loans
$1k other fixed expenses
$3k transportation
$6k food/other random items from grocery store
by dsmil
Thu Jan 29, 2015 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Emergency funds
Replies: 9
Views: 1169

Re: Emergency funds

Ally Bank has some good options. .99% for the online savings account and 2% for the 5 year CD. The penalty on the 5 year CD is 150 days of interest, so opening a bunch of small balance CD's could be a good option.
by dsmil
Wed Jan 28, 2015 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Choosing betwen funding emergency fund and Roth IRA
Replies: 7
Views: 881

Re: Choosing betwen funding emergency fund and Roth IRA

I agree with previous posters, enough said.
by dsmil
Mon Jan 26, 2015 11:09 pm
Forum: Personal Consumer Issues
Topic: Determining House Needs
Replies: 12
Views: 1584

Re: Determining House Needs

I like the idea of buying a house that "could" work for you forever, even if you'd ideally want something larger down the line. That way you keep your options open depending on your future financial and family situation. I don't think I"d be able to get myself to spend money on a hous...
by dsmil
Sun Jan 25, 2015 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Salary to Home Value/Mortgage Ratio?
Replies: 50
Views: 5796

Re: Salary to Home Value/Mortgage Ratio?

We were 1:3 when we bought 2 years ago, and are now at 1:2. I found that I wasted a lot of time with ratios before buying our house, when applying the housing costs to our budget was much more useful.
by dsmil
Thu Jan 22, 2015 11:52 am
Forum: Personal Consumer Issues
Topic: Establishing Priorities - Work vs Life Balance
Replies: 20
Views: 2148

Re: Establishing Priorities - Work vs Life Balance

I've seen a lot of articles that state that on average, happiness increases until you make a certain amount of money (which you already do). After this, happiness stays the same. I'm not an expert but I tend to think that experiences and relationships are what drives long term happiness, while mater...
by dsmil
Thu Jan 22, 2015 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Childcare and Taxes
Replies: 7
Views: 782

Re: Childcare and Taxes

Deleted
by dsmil
Sat Jan 17, 2015 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH as a Emergency Fund Vehicle
Replies: 19
Views: 2021

Re: ROTH as a Emergency Fund Vehicle

I agree with the previous posters. If you aren't able to completely max your Roth with retirement money, than fill up the rest with emergency funds. My wife and I use this strategy since we're building our emergency fund and find ourselves a little short on maxing the Roth from retirement investment...

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