Search found 53 matches

by MnyGrl
Thu Feb 22, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 65
Views: 1999

Re: Is a prenup required to establish a list of separate property before marriage?

In the event a divorce happened, as long as you both agree to who gets what and what was pre-marital all would be fine. If one of you got greedy and wanted more, what would be there for the courts to enforce? If you're both willing to to a pre-nup and the only reason not to is you don't want to spe...
by MnyGrl
Wed Feb 21, 2018 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Balance in Marriage and Student Loans
Replies: 26
Views: 1717

Re: Balance in Marriage and Student Loans

I would do whatever it takes to kill all the debt in the first year of marriage. Think of it is as setting yourself up for a lifetime of good financial decisions together. I am of the belief that once you are married, there is no "my money" and "your money." I've seen plenty of marriages based on t...
by MnyGrl
Wed Feb 21, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Balance in Marriage and Student Loans
Replies: 26
Views: 1717

Re: Balance in Marriage and Student Loans

Just curious, how did you pay off your student loans so quickly and create such a large nest egg at such a young age? Did parents pay for your college? I admire the fact that your fiancee is paying the loan on behalf of his parents, who theoretically need money to retire someday, so the two of you w...
by MnyGrl
Tue Feb 20, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Getting PMI removed - how do broker price opinions (BPOs) work?
Replies: 4
Views: 331

Re: Getting PMI removed - how do broker price opinions (BPOs) work?

BPO reports have similar fields as a real appraisal, but is done without the level of detail (and usually without the physical walk-through, just a drive-by or even by online photos) of an actual appraisal. It costs way less (~$50 vs ~$400) and aren't done by licensed appraisers. Process-wise they ...
by MnyGrl
Tue Feb 20, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Getting PMI removed - how do broker price opinions (BPOs) work?
Replies: 4
Views: 331

Re: Getting PMI removed - how do BPOs work?

barnaclebob wrote:
Tue Feb 20, 2018 11:38 am
Whats a BPO?
Sorry, it's a broker price opinion. It is apparently cheaper and faster than an appraisal, but I haven't heard of it either. :)

I'm just wondering if anyone here has ever gone through the BPO process.
by MnyGrl
Tue Feb 20, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Getting PMI removed - how do broker price opinions (BPOs) work?
Replies: 4
Views: 331

Getting PMI removed - how do broker price opinions (BPOs) work?

I have gotten to the point in my mortgage payments where my loan balance is less than 80 percent of the original sale price. I sent my bank a written request and they said the home value needs to be evaluated first via a BPO. The house two doors down from mine (identical configuration and condition)...
by MnyGrl
Mon Feb 19, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of spending money on appearance in career
Replies: 79
Views: 5775

Re: Effect of spending money on appearance in career

At the same time, I am sitting in meetings in which comments are made about needing to bring another women into the office so clients are more eager to stop by. What?? Is this company stuck in the 1950's or 1960's? :oops: If this their corporate culture, and it is genuinely affecting your career, i...
by MnyGrl
Mon Feb 19, 2018 3:27 pm
Forum: Personal Consumer Issues
Topic: Best place to buy contact lenses online
Replies: 7
Views: 618

Re: Best place to buy contact lenses online

I bought contacts recently and looked at a lot of the online stores. I found that many of them had initial low prices, but once you went to the checkout page they would tack on a substantial "handling fee" or other charges, to the tune of $30 or more. plus shipping charges. I ended up getting a Cost...
by MnyGrl
Fri Feb 16, 2018 7:31 am
Forum: Personal Consumer Issues
Topic: Honda vs. Toyota: Which has more bang for the buck?
Replies: 88
Views: 6655

Re: Honda vs. Toyota: Which has more bang for the buck?

Thanks for all the replies! I ended up buying a new Camry SE last night that I will pick up today. They gave me a good deal I think - about $2500 off of MSRP and a higher than expected trade-in value for my 14 year old car, so I was out of there for less than 20k. I love the car - very nice smooth r...
by MnyGrl
Wed Feb 14, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: Honda vs. Toyota: Which has more bang for the buck?
Replies: 88
Views: 6655

Re: Honda vs. Toyota: Which has more bang for the buck?

Thanks so much for all your replies! So much useful information here. I think I'm going to go look at Camrys. Not sure what trim level - it looks like all the levels have the safety features I want. Another related question - I am in the dark ages music technology-wise since my car is old - it just ...
by MnyGrl
Wed Feb 14, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: Honda vs. Toyota: Which has more bang for the buck?
Replies: 88
Views: 6655

Re: Honda vs. Toyota: Which has more bang for the buck?

Thanks for all the insights. I wasn't aware that the Hondas have CVT - sounds like that might be a bad thing if I want to keep the car for a long time.

Now leaning towards a Camry. :)
by MnyGrl
Wed Feb 14, 2018 10:47 am
Forum: Personal Consumer Issues
Topic: Honda vs. Toyota: Which has more bang for the buck?
Replies: 88
Views: 6655

Honda vs. Toyota: Which has more bang for the buck?

My Honda Element is going on 14 and I'm researching car replacements. My last three cars have been Hondas, but I learned to drive in a Toyota and know they are good cars. I was going to go with a Civic, Accord or CRV, but have been reading about the stellar safety features in Toyotas - even the lowe...
by MnyGrl
Mon Feb 12, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Help me help my niece (College costs, financial aid, etc)
Replies: 41
Views: 2529

Re: Help me help my niece (College costs, financial aid, etc)

She is pursuing an art degree? I am a writer and know a number of artists and writers with these degrees. Working artists often don't make much money - at least not for a while - and many of them who have nice art degrees from fancy schools are still paying student loans in their 40s and 50s, becaus...
by MnyGrl
Tue Feb 06, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: Amazon Alternative
Replies: 59
Views: 5794

Re: Amazon Alternative

Target is becoming much more competitive with Amazon. Most shipping is free with a $25 order, and if you have a Target card most items ship free all the time. I use Target if the item is something I may want to return, as I can just take it to the store and not pay return shipping as I would have to...
by MnyGrl
Thu Feb 01, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 2467

Re: Should I stop contributing to 401(k) to pay off debt

Hi, I am divorced with kids as well, and know how hard it is to get your life back together! The most important thing right now is getting yourself feeling stable for your kid. You have a high income (and hopefully a secure job) so you have it easier than most. When I was first separated I stopped p...
by MnyGrl
Tue Jan 16, 2018 2:01 pm
Forum: Personal Consumer Issues
Topic: Any high-end skincare products worth it?
Replies: 37
Views: 3114

Re: Any high-end skincare products worth it?

I've found no correlation between price and quality in skin care products - I use all drugstore products, and have great skin and very few wrinkles in my mid-forties. I think the keys are religious sunscreen use and good genes, however. 8-)
by MnyGrl
Mon Jan 08, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 7082

Re: Lowball offer on a home

Perhaps I shouldn’t use the term “lowball”. I should retitle the article “making realistic offer on overpriced home”. Just some information: House sold for $335,000 in 2001. Sold for $460,000 in 2004. Was listed for sale on 11/17 for $569,000. It was then dropped to $519,000. Taken off MLS then rel...
by MnyGrl
Mon Jan 08, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 7082

Re: Lowball offer on a home

malabargold wrote:
Mon Jan 08, 2018 7:11 pm
The owners likely don’t care what you plan to spend on it and will be offended by lowball, how it usually goes.
+1.

If it is a desirable neighborhood and the owner is a real estate agent they likely will get close to what they want. And the spring market starts in a month....
by MnyGrl
Mon Jan 08, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?
Replies: 36
Views: 3419

Re: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?

If it were me, I would just stay in the current place until well into the first pregnancy then move to a bigger apartment. Live there for a while until more are born, and when they approach school age, pick a place with good schools and buy. Who knows what you will want to do in retirement? Lots of ...
by MnyGrl
Tue Jan 02, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 133
Views: 13048

Re: Embarrassment Preventing Retirement Work: A factor for you?

Hi, I am a long way from retirement, but when I do retire, I plan to do exactly what you are thinking about, if they will hire me. I would love to work at the small hardware store up the street from my house, or Starbucks to figure out how to replicate the pricey but delicious drinks that I love but...
by MnyGrl
Fri Dec 29, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to finance a car?
Replies: 17
Views: 727

Re: Best way to finance a car?

Thanks to all for the excellent suggestions!
by MnyGrl
Fri Dec 29, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to finance a car?
Replies: 17
Views: 727

Re: Best way to finance a car?

Are you saying take the money out of taxable accounts? I would pay taxes on it and also a penalty. I would like to save up cash but my car may die before I have enough saved. Why would you pay a penalty on money taken out of a taxable account? Sorry if I wasn't using that term correctly. These are ...
by MnyGrl
Fri Dec 29, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to finance a car?
Replies: 17
Views: 727

Re: Best way to finance a car?

You have $500k in taxable and want minimal or preferably no monthly car payment.... Why not take from there and pay cash for the next car?? Are you saying take the money out of taxable accounts? I would pay taxes on it and also a penalty. I would like to save up cash but my car may die before I hav...
by MnyGrl
Fri Dec 29, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to finance a car?
Replies: 17
Views: 727

Re: Best way to finance a car?

Start setting aside the $200/mo now, along with your full tax refund. When you're about 6 months out, look to see what type of finance incentives dealers are offering. Honda currently has 0.9% financing. I would suggest this as well. I wouldn't dip into your emergency fund or your home equity. Save...
by MnyGrl
Fri Dec 29, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Best way to finance a car?
Replies: 17
Views: 727

Re: Best way to finance a car?

Thanks PPs for your advice. I wasn't aware that the HELOC deduction was going away. I do need to adjust my withholding; you're correct that getting that money in my paycheck each month would more than take care of the payment. Psychologically I like getting the big chunk of money, but it does create...
by MnyGrl
Fri Dec 29, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Best way to finance a car?
Replies: 17
Views: 727

Best way to finance a car?

I have about 500K in investments (all taxable accounts) and home equity, but a fairly moderate salary for the very HCOL area I live in. Most of my money each month goes to my mortgage, after-school child care, college funds for kids, 401K, and necessities. I have a small emergency fund, about 7K, wh...
by MnyGrl
Thu Dec 28, 2017 2:25 pm
Forum: Personal Consumer Issues
Topic: Think Home might have Asbestos (what to do?)
Replies: 20
Views: 1200

Re: Think Home might have Asbestos (what to do?)

Hello, I bought my first home last year. It was built in 1954 and has 12"x12" white ceiling tiles. I knew nothing about asbestos at the time and was not informed at all by anyone through the process of purchasing the home. I've since learned that there's a good possibility my ceiling could have asb...
by MnyGrl
Thu Dec 28, 2017 2:20 pm
Forum: Personal Consumer Issues
Topic: Water Heater Install $1,800!
Replies: 84
Views: 12961

Re: Water Heater Install $1,800!

I bought a house last year and the inspector said that when I need to replace the hot water heater, it will cost more than the old ones due to new federal regulations - he said to plan on around $1800 all inclusive (I live in a HCOL area). Here's information about the regs: https://www.freep.com/sto...
by MnyGrl
Thu Dec 28, 2017 1:49 pm
Forum: Personal Consumer Issues
Topic: A Year of Extreme Frugality
Replies: 48
Views: 4791

Re: A Year of Extreme Frugality

If you post your household income and fixed expenses, it will be easier to advise you. If you make 500K it will be a snap to save 100K. If you make 120K, not so much.
by MnyGrl
Thu Dec 28, 2017 1:12 pm
Forum: Personal Consumer Issues
Topic: manual car for new teen driver
Replies: 143
Views: 6788

Re: manual car for new teen driver

I learned to drive on a stick shift, and would probably own a stick shift if I didn't live in the city where people drive so aggressively that their bumpers are like an inch from mine. Especially on hills when you are trying to master that tricky release-clutch/press gas maneuver, it is hard for a ...
by MnyGrl
Thu Dec 28, 2017 12:39 pm
Forum: Personal Consumer Issues
Topic: manual car for new teen driver
Replies: 143
Views: 6788

Re: manual car for new teen driver

I learned to drive on a stick shift, and would probably own a stick shift if I didn't live in the city where people drive so aggressively that their bumpers are like an inch from mine. Especially on hills when you are trying to master that tricky release-clutch/press gas maneuver, it is hard for a n...
by MnyGrl
Thu Dec 28, 2017 12:28 pm
Forum: Personal Consumer Issues
Topic: A Year of Extreme Frugality
Replies: 48
Views: 4791

Re: A Year of Extreme Frugality

Are you married and/or do you have kids?

If so, how do they feel about a year of extreme frugality? I spend the vast amount of my free money on their college funds, child care, medical bills and school/activity expenses.
by MnyGrl
Wed Dec 20, 2017 12:04 pm
Forum: Personal Consumer Issues
Topic: Anybody been to Dubrovnik? March 25-30, 2018?
Replies: 13
Views: 1087

Re: Anybody been to Dubrovnik? March 25-30, 2018?

I was in Croatia for two weeks in April. It's a good time to go - just bring a jacket, but you probably won't need anything thick. Dubrovnik is beautiful, right on the water. You can "walk the walls" which is fun and offers amazing views. Great food and lots of little shops. You probably don't need ...
by MnyGrl
Thu Dec 14, 2017 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Teaching elementary school kids about money
Replies: 32
Views: 2104

Re: Teaching elementary school kids about money

I have an eight year old and eleven year old. This year they started getting allowances ($20/month), so they have learned to save money towards things they want to buy, which greatly reduces whining at the store. :D We also start the year with a "Fiscal Fast," which means just spending on needs for ...
by MnyGrl
Wed Nov 29, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: When to tell the SO about my financial situation?
Replies: 109
Views: 6059

Re: When to tell the SO about my financial situation?

Your spending behavior and the fact that you have two jobs would make me think you were in financial trouble of some sort. The fact that you are being secretive about it would confirm that for me, if we were dating.
by MnyGrl
Wed Nov 22, 2017 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Are CDs within investment accounts the same as when you invest through bank?
Replies: 24
Views: 2497

Re: Are CDs within investment accounts the same as when you invest through bank?

Thanks for all the information - I think I will take a smallish portion of the money and buy one so I can see how this works. Really appreciate your help!
by MnyGrl
Tue Nov 21, 2017 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Are CDs within investment accounts the same as when you invest through bank?
Replies: 24
Views: 2497

Re: Are CDs within investment accounts the same as when you invest through bank?

OP here, thanks to above posters. So it sounds like I just need to make sure that the bank is FDIC-insured and that I will not need that money before it expires. In the unlikely event that I need to sell the CD before the term is up and I have purchased it from a stable US bank - how likely is it t...
by MnyGrl
Tue Nov 21, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Are CDs within investment accounts the same as when you invest through bank?
Replies: 24
Views: 2497

Re: Are CDs within investment accounts the same as when you invest through bank?

OP here, thanks to above posters. So it sounds like I just need to make sure that the bank is FDIC-insured and that I will not need that money before it expires. In the unlikely event that I need to sell the CD before the term is up and I have purchased it from a stable US bank - how likely is it th...
by MnyGrl
Tue Nov 21, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Are CDs within investment accounts the same as when you invest through bank?
Replies: 24
Views: 2497

Are CDs within investment accounts the same as when you invest through bank?

My question is in the subject line - I have some money in a Fidelity IRA that I want to invest.

How do I choose a CD from the hundreds offered? Is there any expense ratio to consider? Is it safe to invest in a CD from overseas as opposed to a US bank?

Thanks!
by MnyGrl
Thu Nov 09, 2017 3:55 pm
Forum: Personal Consumer Issues
Topic: Best Approach for Purchasing Many Furnishings
Replies: 27
Views: 1940

Re: Best Approach for Purchasing Many Furnishings

My feeling is that when you are young and likely to be moving to many apartments etc. before buying a place, don't buy expensive furniture because things will get damaged every time you move. :( Wait until you buy a place to get amazing furniture. I would invest more in the bigger pieces - a good so...
by MnyGrl
Tue Oct 17, 2017 8:52 am
Forum: Personal Consumer Issues
Topic: How many miles/years do you keep your car?
Replies: 108
Views: 8334

Re: How many miles/years do you keep your car?

My car is 13.5 years old. It's a Honda Element and has 93K miles on it (I live close to work so haven't put too many miles on it). There have been no problems thus far, so I will keep driving it until something expensive to fix arises.
by MnyGrl
Mon Sep 25, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads monthly costs of dog ownership?
Replies: 83
Views: 5745

Re: Bogleheads monthly costs of dog ownership?

Not offended at all, best response yet. Thank you. I'll admit, we want larger dog like lab or golden type dog but both work all day. This is way more concern to us than money. Anyone else here have dog at home all day while working? One frustrating thing to me is rescues expect homeowners to someho...
by MnyGrl
Mon Sep 25, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads monthly costs of dog ownership?
Replies: 83
Views: 5745

Re: Bogleheads monthly costs of dog ownership?

Anyone else here have dog at home all day while working? One frustrating thing to me is rescues expect homeowners to somehow "be at home all day". Unless retired or work from home, just not realistic. Last I checked they are in kennel at rescue center. Our dog stayed home all day by himself when we...
by MnyGrl
Fri Aug 04, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: How much do kids cost in a high COLA?
Replies: 57
Views: 4570

Re: How much do kids cost in a high COLA?

Apologize if this has been covered already as I did not read previous replies, but the NUMBER 1 X variable in having kids (even more if doing it alone) is NOT money, but having the help/ social network you need. So biggest question back to you would be how involved would your parents be in helping ...
by MnyGrl
Mon Jul 17, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Rent in safer neighborhood or buy in less safe one?
Replies: 67
Views: 5554

Re: Rent in safer neighborhood or buy in less safe one?

I'm just thinking, having been deployed to an actual war zone, that everything else goes out the window when safety is really in question (like the people on this thread who say they've woken up to the sound of gunfire or had their homes broken into multiple times) whether you have a family or not....
by MnyGrl
Mon Jul 17, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Rent in safer neighborhood or buy in less safe one?
Replies: 67
Views: 5554

Re: Rent in safer neighborhood or buy in less safe one?

Hi, a few things to consider: 1) You mention that your older child has special needs. It depends on what those special needs are, but in my area, public schools have much better programs in place to deal with those, and many private schools won't take kids with particular needs (or are extremely exp...
by MnyGrl
Fri May 19, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: How to stay on a budget?
Replies: 31
Views: 4393

Re: How to stay on a budget?

When I feel like my spending has gotten out of control, I do a "fiscal fast" for a month, spending only on needs. Even my kids get on board with it. It is amazing how much you can save. Using mint.com has helped me a lot as well - you can look at what you are spending on and tweak your budget based ...
by MnyGrl
Tue May 16, 2017 3:07 pm
Forum: Investing - Theory, News & General
Topic: Money market funds or other low risk funds - please help
Replies: 12
Views: 804

Re: Money market funds or other low risk funds - please help

OP here, thanks for all the replies. I was unaware that there were CDs available to invest in within IRAs. This money is the tip of the iceberg - I work in IT and have had a number of contract jobs with 401Ks and IRAs, so money is scattered around and I need to consolidate. This is the biggest chunk...
by MnyGrl
Tue May 16, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: Money market funds or other low risk funds - please help
Replies: 12
Views: 804

Re: Money market funds or other low risk funds - please help

brother7 wrote:Where is your account now? At Vanguard or another institution?
It's at Fidelity.
by MnyGrl
Tue May 16, 2017 2:26 pm
Forum: Investing - Theory, News & General
Topic: Money market funds or other low risk funds - please help
Replies: 12
Views: 804

Re: Money market funds or other low risk funds - please help

Sorry, what I posted was confusing - this money is in a rollover IRA (split half of retirement funds from divorce).

So I can't withdraw it without incurring taxes - need to invest it within the IRA.