Search found 9 matches

by AW89
Mon Jul 24, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: What's your personal savings rate?
Replies: 135
Views: 12666

Re: What's your personal savings rate?

Wife and I are 27 y/o with two kids (3.5 & 1.5) in daycare ($23K/yr). Household income (base salary) equals $137K/yr. I contribute 20% and my wife contributes 10% to 401K. Hoping to also be able to max both ROTH IRA's. We each receive 3% company match on 401K and I receive a once a year 6.5% profit ...
by AW89
Sat May 06, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2322
Views: 423109

Re: What's Your Credit Card Rewards Strategy?

-I need to cancel my chase preferred card and then I am eligible to reapply and receive the initial 50K bonus again as it has been over 24 months since I last received that cards associated bonus - this is how it was explained to me by a Chase representative Interesting, I hadn't considered that. I...
by AW89
Thu May 04, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2322
Views: 423109

Re: What's Your Credit Card Rewards Strategy?

I have not read all of this thread but a lot of it. I am looking for some general advice how to move forward with my situation and maximize the best CC rewards out there. I would not consider myself a churner by any means, yet, but have slowly added cards over the last couple years and am finally st...
by AW89
Wed May 03, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: How to get kids started on investing?
Replies: 14
Views: 1787

Re: How to get kids started on investing?

I can't recall where I saw this but I thought of it when I read the title of this thread. Your kids may already be too old and it may not be the best way to teach "investing" but I still think it is relevant. My children are only 3.5 and 1.5 currently so still on the young side but I am thinking onc...
by AW89
Fri Apr 21, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Young family portfolio review
Replies: 4
Views: 663

Re: Young family portfolio review

Questions 1. Would you divert money away from investments (other than minimum to get company match) and focus on getting rid of Mortgage 2 loan balance? Yes I would. 6% guaranteed return on your money paying that off. We tackled nearly $60K of student loan debt in a little over a year (before kids,...
by AW89
Thu Apr 20, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Young family portfolio review
Replies: 4
Views: 663

Re: Young family portfolio review

1. I would say yes since the interest rate is on the high side. If you can get wipe out $60k of student debt in a year, paying off $39k of mortgage debt shouldn't be an impossible goal for you. 2. Yes, max the Roth IRAs contributions before contributing excess to your 401k accounts. You get a bit m...
by AW89
Thu Apr 20, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Young family portfolio review
Replies: 4
Views: 663

Young family portfolio review

Him: 27 Her: 25 Children: 3 & 1 Household income: $130K gross Tax Rate: Fed = 25%, State = 0% State: TX EF: Yes ($20K in savings account) Debt: Mortgage 1= $212K @4.125% interest ($1070 monthly payment), Mortgage 2=$39K @ 5.9% interest ($250 monthly payment) Purchased first home 1.5 yrs ago - Paid $...
by AW89
Wed Apr 01, 2015 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Anyone been Daycare Poor before? Advice on our situation!
Replies: 27
Views: 5711

Re: Anyone been Daycare Poor before? Advice on our situation

Thanks everyone for the responses! Going down the list: Was anyone else "daycare poor" and just fought threw it for a few years until the kids were out of daycare? yes, very common. You seem well positioned. You might be surprised how priorities shift to accommodate what happens. Perhaps #...
by AW89
Tue Mar 31, 2015 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Anyone been Daycare Poor before? Advice on our situation!
Replies: 27
Views: 5711

Anyone been Daycare Poor before? Advice on our situation!

Baby #2 on the way. We would be spending around $1500 in rent/utilities & with the new baby in daycare as well approx $2000 in daycare. Right now take home pay is roughly $7150/month. That leaves us $3650 for food, transportation, clothes, diapers, entertainment, savings, investments, miscellane...