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Re: How to teach young kids to be frugal?

It's been almost 50 years, and I still have that little animal. He's been like a savings amulet, because every time I look at him, I am reminded again how good it felt to make my very first financial decision. (At the time his cost of $2 represented 1/2 my net worth(!), so it was probably a questio...
by epilnk
Thu Dec 18, 2014 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to teach young kids to be frugal?
Replies: 65
Views: 4005

Re: How to teach young kids to be frugal?

Yesterday I mentioned the word "frugal" to my high school son. He told me impatiently that he does not know what it means and I should not bother him. Understandable. I know I hate to be bothered when vocabulary slips my mind. For example the word "allowance" can be a bit slippe...
by epilnk
Thu Dec 18, 2014 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to teach young kids to be frugal?
Replies: 65
Views: 4005

Re: How to teach young kids to be frugal?

I also think that making sure kids just understand basic finance is key. My son's university required all freshman to take a class that had some finance information as part of it. My son reported that most of his classmates did not know the difference between a checking and savings account and most...
by epilnk
Sun Dec 14, 2014 11:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to teach young kids to be frugal?
Replies: 65
Views: 4005

Re: How to teach young kids to be frugal?

Speaking of lying, I remember my mother telling me that people who get everything they want get "spoiled" and she didn't want us to be spoiled. So she was not going to give us everything we wanted and that was that. She never pretended there was no money. Of course, I didn't get it at the...
by epilnk
Sun Dec 14, 2014 7:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to teach young kids to be frugal?
Replies: 65
Views: 4005

Re: How to teach young kids to be frugal?

Not much can be done with the two year old yet; not old enough to understand. The key for the five year old is to teach deferred gratification. Many parents do this with an allowance. The key is the the child has to save for a period of time to get something they want. They have to learn to forgo a...
by epilnk
Sun Dec 14, 2014 7:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to teach young kids to be frugal?
Replies: 65
Views: 4005

Re: 529 advice for California based family.

We live in CA. I'm happy with the NV plan, and I prefer the simplicity of having everything at VG. My inlaws who live out of state separately started CA 529s for their grandchildren and that's fine too. Which plan has the absolute lowest cost options will probably vary over the course of 18 years; w...
by epilnk
Sun Dec 14, 2014 6:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 advice for California based family.
Replies: 13
Views: 1079

Re: Do we have too much house?

You left out two key points: how old are your kids, and how big is the house? We're raising two kids in just under 2000 square feet and even without a basement (nobody has basements here) it was plenty of space - until the oldest hit 12. Now we really really really want a bigger house. Even though w...
by epilnk
Wed Dec 03, 2014 4:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do we have too much house?
Replies: 45
Views: 4446

Re: Would you move/stay for better school district?

Funny how a website full of folks who believe in data to make decisions in their jobs (all the engineers and software folks out there) and in their investing decisions do not have any concrete data to support their stance on this topic. Does anyone have data to support their decisions? Do kids who ...
by epilnk
Wed Dec 03, 2014 3:18 pm
 
Forum: Personal Consumer Issues
Topic: Would you move/stay for better school district?
Replies: 55
Views: 4608

Re: Would you move/stay for better school district?

Yes, we would and did move to get into the school district we wanted. But it really depends on what you mean by "best". It's pretty hard to identify a good school from the outside. Some things I would look for: - Access to magnet programs - School choice within the district - Diverse set o...
by epilnk
Sun Nov 30, 2014 3:51 am
 
Forum: Personal Consumer Issues
Topic: Would you move/stay for better school district?
Replies: 55
Views: 4608

Re: Life changing decision... advices needed!

My spouse thinks that I should go to fellowship because we will be fine anyways, even if the goal is delayed. That is true, but money made today has more value than money made in the future. I am not likely to have the same income (300-400K/year) in the next 4-5 years. The investor in me sees many ...
by epilnk
Sun Nov 30, 2014 2:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10716

Re: Life changing decision... advices needed!

My spouse thinks that I should go to fellowship because we will be fine anyways, even if the goal is delayed. That is true, but money made today has more value than money made in the future. I am not likely to have the same income (300-400K/year) in the next 4-5 years. The investor in me sees many ...
by epilnk
Sun Nov 30, 2014 12:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10716

Re: When do you feel comfortable financially to have kids?

You have your children when you are ready. Most people have a vision of the kind of family life they have in mind, and know what they need to achieve it. This varies. If you are risk averse you make sure you have your finances well settled, but everyone here has a different risk threshold and nobody...
by epilnk
Sat Nov 29, 2014 8:33 pm
 
Forum: Personal Consumer Issues
Topic: When do you feel comfortable financially to have kids?
Replies: 59
Views: 4325

Re: Purchasing power parity

And Charlotte has a very bad set of options, and it is arguable she chose the lesser of the evils before her. Elizabeth realizes this eventually, but the book does end with Charlotte pregnant with Mr. Collin's baby (so Austen reminds us just how bad that marriage option really was). Charlotte has a...
by epilnk
Sat Nov 29, 2014 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Jane Austen's Economics
Replies: 60
Views: 16945

Re: Jane Austen's Economics

At the first glance, the Austen's women's excessive focus on marriage seems pathological. But when the financial power is taken into consideration, getting a right husband is equivalent to graduating college as a valedictorian and passing LSAT or MCAT. Victoria Don't forget that for women of a cert...
by epilnk
Sun Nov 23, 2014 11:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Jane Austen's Economics
Replies: 60
Views: 16945

Re: Is buying organic worth it financially in the long term?

As I understand your story: There is a microbe that keeps insects off the crops. This microbe produces many chemicals, one of which is particularly deadly to insects. When scientists tried to isolate the toxic chemical, it was so toxic that they dropped the project. My take: - In its natural habita...
by epilnk
Thu Nov 13, 2014 8:15 pm
 
Forum: Personal Consumer Issues
Topic: Is buying organic worth it financially in the long term?
Replies: 124
Views: 7326

Re: Is buying organic worth it financially in the long term?

livesoft wrote:
epilnk wrote:… but I don't think radiation is routinely screened for, for obvious reasons.

Perhaps you meant radioactivity?

Yeah, mistype.
by epilnk
Thu Nov 13, 2014 7:31 pm
 
Forum: Personal Consumer Issues
Topic: Is buying organic worth it financially in the long term?
Replies: 124
Views: 7326

Re: Is buying organic worth it financially in the long term?

I realize that there may be natural pesticides, but feel that manufactured additives are on balance worse than the natural equivalents. This is just an article of faith, partly based on a distrust of corporations and the information they disseminate about their products and practices, and I could b...
by epilnk
Thu Nov 13, 2014 7:30 pm
 
Forum: Personal Consumer Issues
Topic: Is buying organic worth it financially in the long term?
Replies: 124
Views: 7326

Re: Is buying organic worth it financially in the long term?

For one thing, conventional farmers work to stay well below permitted limits, because a bad post harvest test result can lead to the rejection of an entire shipment. So growers have figured out how to get the maximum protection with minimum residue by timing their sprays. Are you talking about grow...
by epilnk
Thu Nov 13, 2014 5:52 pm
 
Forum: Personal Consumer Issues
Topic: Is buying organic worth it financially in the long term?
Replies: 124
Views: 7326

Re: Is buying organic worth it financially in the long term?

Dutch wrote:
livesoft wrote:[I would not be surprised if one ibuprofen tablet does more damage to your health than a year's worth of eating non-organic spinach leaves.


I would not be surprised if it was the other way round

Whereas I would be stunned if either trivial input had the slightest impact at all.
by epilnk
Thu Nov 13, 2014 5:44 pm
 
Forum: Personal Consumer Issues
Topic: Is buying organic worth it financially in the long term?
Replies: 124
Views: 7326

Re: Is buying organic worth it financially in the long term?

Most people choose to pay the premium for organic for one of two major reasons. More nutrients: There is in fact a little bit of data here favoring organic, but the margins tend to be small and most of the data does not show an advantage. What advantage there is probably depends on the specific crop...
by epilnk
Thu Nov 13, 2014 4:53 pm
 
Forum: Personal Consumer Issues
Topic: Is buying organic worth it financially in the long term?
Replies: 124
Views: 7326

Re: For Women on this forum and those who share their expert

Can you tell us why anyone on the bogleheads site might possibly be interested in a site that is aimed at women? That strikes me as both unnecessarily limited in scope and offensively condescending. But of course I haven't visited the site itself.
by epilnk
Wed Nov 05, 2014 8:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: For Women on this forum and those who share their expertise
Replies: 43
Views: 4666

Re: Adoption [Experience from those who have adopted]

2.5% of children in the US came to their families through adoption. We have always been very open with our kids about this. So much so that our older son was with a friend one day and the friend said how cool it was that my son was adopted. My son looked puzzled and said "isn't everyone adopte...
by epilnk
Fri Oct 31, 2014 4:24 pm
 
Forum: Personal Consumer Issues
Topic: Adoption [Experience from those who have adopted]
Replies: 39
Views: 4695

Re: Adoption

My children were adopted internationally and came home at 7 months. My info, too, is out of date; only current info is useful. The most important advice has already been given: The adoption landscape has shifted radically over the past thirty years. You should attend as many support group meetings f...
by epilnk
Fri Oct 31, 2014 12:41 am
 
Forum: Personal Consumer Issues
Topic: Adoption [Experience from those who have adopted]
Replies: 39
Views: 4695

Re: Buying a house without a realtor

There's little advantage to avoiding the buyer's agent, and they can be helpful. They have the contacts, can talk you through the pros and cons of various houses, can make sure things move smoothly along. However fiduciary duty or not, keep in mind that even though one realtor represents the buyer a...
by epilnk
Mon Oct 20, 2014 8:31 pm
 
Forum: Personal Consumer Issues
Topic: Buying a house without a realtor
Replies: 43
Views: 2890

Re: Shoes for Plantar Fasciitis?

My son has a major problem with plantar fasciitis - he has low arches and circulatory problems in his feet, both of which contribute. The podiatrist was able to change his life with custom molded insoles. They're pricy, but when you see a 13 year old conscientiously moving his insoles from one shoe ...
by epilnk
Mon Oct 20, 2014 2:19 pm
 
Forum: Personal Consumer Issues
Topic: Shoes for Plantar Fasciitis?
Replies: 47
Views: 2569

Re: Anyone cancelling travel plans?

[(removed) --admin LadyGeek] Victoria, I didn't know about the hockey stick risk. And with NHL season starting too. I would cancel my subscription to ESPN if I had one but since I don't, how can I protect myself?
by epilnk
Mon Oct 20, 2014 2:06 pm
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6482

Re: How do you wash your car?

Didn't mean to set off a firestorm here. :oops: Since I don't have a garage and my car is exposed to the elements constantly - I tend to forget that other people (maybe more prosperous than me) do have garages to keep their cars. So, to start over again :P Is it okay to say that people whose cars s...
by epilnk
Mon Oct 20, 2014 1:52 pm
 
Forum: Personal Consumer Issues
Topic: How do you wash your car?
Replies: 143
Views: 7394

Re: Lakefront property with small children?

It can make a lot of sense to avoid avoidable risks until the kid is old enough to fend for themselves. For example you might choose to live on a cul de sac where the traffic goes 15mph versus a busy road where it is going 55mph. You can teach kids what do to but to expect a 1-5 year old to make go...
by epilnk
Tue Sep 30, 2014 1:00 pm
 
Forum: Personal Consumer Issues
Topic: Lakefront property with small children?
Replies: 44
Views: 2260

Re: Lakefront property with small children?

Fences can be installed and removed. If and when you have children, fence in a portion of the back yard around the house, with an inaccessible gate latch leading to the lake.
by epilnk
Tue Sep 30, 2014 12:56 pm
 
Forum: Personal Consumer Issues
Topic: Lakefront property with small children?
Replies: 44
Views: 2260

Re: what is risk?

Sharpe has said risk is the probability of doing badly in bad times. Which comes closer to your idea of risk: your portfolio doing badly in bad times (not having money when you need it) or not being certain what your portfolio will be worth at some point in the future? This is the definition I pref...
by epilnk
Mon Sep 29, 2014 4:17 pm
 
Forum: Investing - Theory, News & General
Topic: what is risk?
Replies: 116
Views: 4737

Re: rebalancing conundrum/paradox/irony

I am in the same situation - 60/40, and after years of buying nothing but bonds I recently had to put a contribution on the equity side. This is one advantage of having a little slice and dice in the portfolio - I hold TSM, TI, and TM small. So although my first reaction was, "Ugh, I'm buying s...
by epilnk
Mon Sep 29, 2014 3:35 pm
 
Forum: Investing - Theory, News & General
Topic: rebalancing conundrum/paradox/irony
Replies: 83
Views: 5534

Re: Which bond fund?

humm. So the yield reflects the general consensus that interest rates will rise soon. That's why the LT bond fund is yielding over 15% right now. Folks are leery of the big drop in value when interest rates rise. So if I'm comfortable running contrary to general consensus, there may be profit in ho...
by epilnk
Fri Sep 26, 2014 6:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which bond fund?
Replies: 15
Views: 1037

Good source of educational materials?

My 6th grader is playing the stock market game in school. While this is a fun way to engage them and exposes them to a lot of interesting concepts and principles, "winning" the game is basically a gambling contest. We've already had some conversations on the differences between investing a...
by epilnk
Tue Sep 23, 2014 8:10 pm
 
Forum: Personal Consumer Issues
Topic: Good source of educational materials?
Replies: 1
Views: 178

Re: New Big iPhones - How to Upgrade Early?

“Now, there will be plenty of people who will pass on the iPhone … who find the iPhone too big.” - The New York Times (January 9, 2007) The iPhone Rumors Are Right…Finally Nice throwback article! I think the iphone 5 is too big - too long, actually. I'd get another one like the 3 if they made that ...
by epilnk
Mon Sep 22, 2014 3:30 pm
 
Forum: Personal Consumer Issues
Topic: New Big iPhones - How to Upgrade Early?
Replies: 18
Views: 2297

Re: Purchasing a new mattress

One diagnostic rule of thumb I've heard is that pain in the shoulders means the mattress is too firm, pain in the lower back means the mattress is too soft, and pain in the neck means the pillow is not appropriate. I have found this to be true for me. Since I have chronic back issues I sleep on a la...
by epilnk
Sun Sep 21, 2014 8:06 pm
 
Forum: Personal Consumer Issues
Topic: Purchasing a new mattress
Replies: 5
Views: 586

Re: Who else hates choosing a car?

Hate choosing a car. Hate it. None is ever exactly what I want - I'd happily pay extra to get exactly what I want but it never seems to exist. I posted a question on bogleheads about choosing a new car, saying I'd decided to replace mine. FIVE YEARS LATER I finally replaced it and I'm still not ent...
by epilnk
Fri Sep 19, 2014 4:02 pm
 
Forum: Personal Consumer Issues
Topic: Who else hates choosing a car?
Replies: 95
Views: 9371

Re: Air Purifier for Allergies

I believe all ionic air purifiers generate ozone. Ozone is a significant pollutant and in even small quantities can exacerbate the symptoms of asthma; however it is highly unstable, and thus safe to use in an unoccupied room as long as time elapses after the unit turns off. (High output ozone genera...
by epilnk
Thu Sep 18, 2014 8:34 pm
 
Forum: Personal Consumer Issues
Topic: Air Purifier for Allergies
Replies: 29
Views: 2256

Re: What's in your tax advantage accounts?

I don't see why it's such a bad idea to have a bond fund in a taxable account. I am a newbie investor so correct me if I'm wrong here...but it would seem like you would need a large amount of money in bonds in your taxable before it really affected anything too much. Lets say your dividend is 2.5% ...
by epilnk
Mon Sep 15, 2014 2:29 pm
 
Forum: Investing - Theory, News & General
Topic: What's in your tax advantage accounts?
Replies: 56
Views: 4987

Re: Good hobby for a bright/obsessive 9 year old?

Sounds very similar in personality and temperament to my 11 year old. Once he outgrew the legos he mostly wanted to be on the computer, and since he refuses to participate in sports - even karate and rock climbing, both of which he showed a great deal of aptitude for - we've been looking for other w...
by epilnk
Mon Sep 15, 2014 2:01 pm
 
Forum: Personal Consumer Issues
Topic: Good hobby for a bright/obsessive 9 year old?
Replies: 73
Views: 3382

Re: What's in your tax advantage accounts?

Our tax advantaged IRAs are mostly bonds, but each also contains a small holding of a volatile equity fund - one has small value, the other has EM. I do rebalance. This is a holdover from our slice and dice days, when tax advantaged was a larger fraction of the total. It is not the way I would set i...
by epilnk
Mon Sep 15, 2014 1:48 pm
 
Forum: Investing - Theory, News & General
Topic: What's in your tax advantage accounts?
Replies: 56
Views: 4987

Re: Is there a "catch" in this Xfinity offer ?

Have you been with comcast before? That's the catch. In my experience they absolutely live up to their reputation; I don't know why I gave them a second chance after relocating, but it not a mistake I'm likely to repeat again.
by epilnk
Sat Sep 13, 2014 5:44 pm
 
Forum: Personal Consumer Issues
Topic: Is there a "catch" in this Xfinity offer ?
Replies: 23
Views: 1681

Re: Need advice on which tablet to buy

The full size ipad vs mini is all about how you value the tradeoffs. Some people are uncomfortable typing on the mini, others find it acceptable (though never quite as good as full size). If you are going to do a lot of typing, weigh that more heavily. If on the other hand you tend to be the kind of...
by epilnk
Sat Sep 13, 2014 5:42 pm
 
Forum: Personal Consumer Issues
Topic: Need advice on which tablet to buy
Replies: 44
Views: 2758

Re: A 'really good book' you did NOT enjoy

I have my degree in English and Journalism (yes, I found a job) so I have my fair share of "supposed to be good but are unbearable" books. #1 on my list is Heart of Darkness by Joseph Conrad. I had to read that book so many times and it was rage-inducingly horrible every time. :thumbsdown...
by epilnk
Sat Sep 13, 2014 5:05 pm
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 229
Views: 12175

Re: Wake up, Vanguard: It ain't 1976 anymore!

I've said it before: If Vanguard doesn't wake up to this shortcoming/opportunity, someday someone else, be it Schwab, Fidelity, Wealthfront, Betterment or maybe someone we haven't heard of yet, is going to leap-frog Vanguard by providing similarly inexpensive indexed investment products with a far ...
by epilnk
Sat Sep 13, 2014 2:34 pm
 
Forum: Investing - Theory, News & General
Topic: Feeling smug until 10 year ROR from Vanguard
Replies: 81
Views: 7948

Re: Feeling smug until 10 year ROR from Vanguard

As long as you kept cash invested (no cash drag) in low cost indexes - your received precisely the return you should for your asset allocation. Why would someone feel anything but satisfied that they achieved the market return of their AA? Again, assuming they kept cash invested with no cash drag. ...
by epilnk
Sat Sep 13, 2014 1:35 pm
 
Forum: Investing - Theory, News & General
Topic: Feeling smug until 10 year ROR from Vanguard
Replies: 81
Views: 7948

Re: Feeling smug until 10 year ROR from Vanguard

Drat. I just looked and my personal performance calculation at Vanguard is still limited to max 5 years. As is mine. I hope the upgrade is coming. Curious as to why they would roll this out earlier for some clients and not others. They seem to consistently do this with every new feature they roll o...
by epilnk
Sat Sep 13, 2014 1:01 pm
 
Forum: Investing - Theory, News & General
Topic: Feeling smug until 10 year ROR from Vanguard
Replies: 81
Views: 7948

Re: Feeling smug until 10 year ROR from Vanguard

asset_chaos wrote:Drat. I just looked and my personal performance calculation at Vanguard is still limited to max 5 years.


As is mine. I hope the upgrade is coming. Curious as to why they would roll this out earlier for some clients and not others.
by epilnk
Sat Sep 13, 2014 2:28 am
 
Forum: Investing - Theory, News & General
Topic: Feeling smug until 10 year ROR from Vanguard
Replies: 81
Views: 7948

Re: Anyone have a house with a pool?

We refused to consider any house with a pool. Our children were 3 and 4 years old when we moved here and I lost a small cousin in a pool. At 7 our son was diagnosed with a heat sensitive illness. He has few options for physical activity in the summer, and our summers are long and hot. We scuttled pl...
by epilnk
Thu Sep 11, 2014 11:01 am
 
Forum: Personal Consumer Issues
Topic: Anyone have a house with a pool?
Replies: 32
Views: 2575

Re: How much do you plan to save in your 529 plan?

California here - strong in-state options, no state tax incentive for contributions. Our children are now old enough (grades 6 and 8) for us to predict that as long as they don't go off the rails in high school, at least one and probably both will go on to grad school. We earn too much for financial...
by epilnk
Sun Aug 24, 2014 1:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you plan to save in your 529 plan?
Replies: 60
Views: 7177

Re: What actions to take in a stock market crash?

It's not just theoretical - lots of us went through the crash of 2008. I TLH'd in October, rebalanced, then got another TLH when I moved back to my original funds in March. Once you've go through it and seen it work it is much easier to have confidence that you can stay the course in the future. In ...
by epilnk
Mon Aug 04, 2014 8:28 pm
 
Forum: Investing - Theory, News & General
Topic: What actions to take in a stock market crash?
Replies: 85
Views: 5900
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