Search found 29 matches

by cachemoney
Fri Jan 13, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 191
Views: 22733

Re: Chase Sapphire Reserve

I got lucky and signed up yesterday just before they dropped the bonus to 50k. I was on the fence earlier in the week, I wanted to take advantage, but the $4,000 in 3 months was worrying me. Then I realized I had some upcoming business trips coming up in the next 3-8 weeks. Hotel stays and flying to...
by cachemoney
Wed Jan 11, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: First time I have a FSA option
Replies: 12
Views: 501

Re: First time I have a FSA option

So basically if I choose $1,000, over the next 20 pay periods I am deducted $50. But I can go right away to doctor's office and pay a bill of $500 and get reimbursed from the FSA?
by cachemoney
Wed Jan 11, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: First time I have a FSA option
Replies: 12
Views: 501

Re: First time I have a FSA option

Thanks for all of the replies, gives me some areas to look into. Unfortunately my employer does not contribute anything to it.

BTW the company is WageWorks. Anyone have any experience with them?
by cachemoney
Wed Jan 11, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: First time I have a FSA option
Replies: 12
Views: 501

First time I have a FSA option

So my company just sent out an email that we can contribute to a Flexible Spending Account for Healthcare & Dependent Care. Signups are due in 3 days. I'm thinking of the healthcare, but do not have any dependents. I do not really spend much on healthcare, so I don't want to put money into the p...
by cachemoney
Wed Jan 04, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: TDBank promo just started easy $600
Replies: 107
Views: 15321

Re: TDBank promo just started easy $600

Looks like this is down to $200 now. Wish I had opened when it was $300.
by cachemoney
Thu Dec 29, 2016 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Invest more or Payoff Mortgage to remove PMI
Replies: 8
Views: 602

Re: Invest more or Payoff Mortgage to remove PMI

Thanks everyone for your input.

Instead of my original plan, I will continue contributing $100 per pay day to Roth IRA, and the 3rd month paycheck $2,000 in March & $900 in Sept I will add to Roth IRA so it will be maxed. I figured it would be better to get the 2k in March than September.
by cachemoney
Wed Dec 28, 2016 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Invest more or Payoff Mortgage to remove PMI
Replies: 8
Views: 602

Re: Invest more or Payoff Mortgage to remove PMI

I do have emergency fund for 6 months. 2016 Roth IRA is maxed too.
by cachemoney
Wed Dec 28, 2016 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Invest more or Payoff Mortgage to remove PMI
Replies: 8
Views: 602

Invest more or Payoff Mortgage to remove PMI

Currently I am maxing 401k @ $18,000 (about 19% of annual salary). I just refinanced in Sept at 2.75% for 15yr, but am paying PMI of $37.81. I am going to pay extra towards mortgage ~$4,000/yr (3rd paycheck of month twice per year). I should have PMI removed about October 2018. I am wondering if I s...
by cachemoney
Tue Oct 04, 2016 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Need some helpful advice to plan financial future
Replies: 17
Views: 1477

Re: Need some helpful advice to plan financial future

I have a question on tax implications when withdrawing the taxable funds. According to Vanguard, the over value has increased about $4,000. What should I expect on the 1099-b? How can I figure that part out?

Could I withdraw $8,000 I put in, and leave the $4,000 to grow or move to roth ira next year?
by cachemoney
Tue Oct 04, 2016 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Need some helpful advice to plan financial future
Replies: 17
Views: 1477

Re: Need some helpful advice to plan financial future

Thanks to all for the great suggestions and ideas. Here is what I am currently thinking: ⋅ Move 12k taxable investments to emergency fund ⋅ Continue to max 401k ⋅ Put extra money towards mortgage until PMI is removed ⋅ Pay down auto loan (if it isn't already p...
by cachemoney
Sun Oct 02, 2016 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Need some helpful advice to plan financial future
Replies: 17
Views: 1477

Re: Need some helpful advice to plan financial future

I am not sure how to calculate the return for removing PMI. PMI $37.81/mo No extra payments = $1,172.11 Total PMI (31 months) $300 monthly extra payment = $831.82 Total PMI (22 months) $600 monthly extra payment = $642.77 Total PMI (17 months) Would it make sense to use 12k from taxable investment t...
by cachemoney
Sun Oct 02, 2016 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Need some helpful advice to plan financial future
Replies: 17
Views: 1477

Re: Need some helpful advice to plan financial future

I forgot to post that with my refinance I am paying PMI at $37.81 per month (total $1,172.11) until May 2019.
by cachemoney
Sat Oct 01, 2016 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Need some helpful advice to plan financial future
Replies: 17
Views: 1477

Re: Need some helpful advice to plan financial future

A few quick clarifying questions: 1) You have loans on two vehicles and you are single? 2) Do you know what funds you hold in each of your investment accounts? 3) Importantly, what is your marginal tax rate? 1) Only the Jeep is financed. The BMW was paid in cash. 2) Yes, I can edit the first post i...
by cachemoney
Sat Oct 01, 2016 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Need some helpful advice to plan financial future
Replies: 17
Views: 1477

Need some helpful advice to plan financial future

Just got through Dave Ramsey's Total Money Makeover and deciding on changing my financial mentality. What would you do in my situation? Single Mid 30s Nearing 100k salary My current strategy is maxing out 401k contributions to lower my taxable income. I'd like to get my emergency funds up to 6 month...
by cachemoney
Thu Sep 29, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to become debt free?
Replies: 36
Views: 3456

Re: How to become debt free?

Spend $15 and get them a copy of "The Total Money Makeover" by Dave Ramsey. Have them read it cover to cover. They have to be 100% invested, but the baby steps do work. Even if they end up not following the plan, the stories included are very inspirational. I started listening to the audi...
by cachemoney
Mon Sep 26, 2016 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to become debt free?
Replies: 36
Views: 3456

Re: How to become debt free?

This is a good case for "pay yourself first", which is usually the motivation for contributing to a 401(k) or IRA from every paycheck. Set up an automatic payment of $X from the checking account to whichever credit card is being paid off, on the day after payday. If the money isn't there ...
by cachemoney
Mon Sep 26, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to become debt free?
Replies: 36
Views: 3456

Re: How to become debt free?

Monthly Expenses are as follows: Monthly: $733 Auto loan Auto Ins Cell Service Gasoline Medical Streaming Media Subscriptions 50000 /12=4166 a month. subtract Taxes (fed and state + fica combined at 30%) leaves income of 2916.00 Subtract 730 = 2216 permonth. Health care of $500 gives income of 1716...
by cachemoney
Mon Sep 26, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to become debt free?
Replies: 36
Views: 3456

Re: How to become debt free?

Currently, most those other expenses are taken care of. I only included monthly expenses, not things like haircut, eating out, etc. What does "taken care of" mean? I think what it will come down to is that this individual isn't really willing to do what it takes to become debt free, like ...
by cachemoney
Mon Sep 26, 2016 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to become debt free?
Replies: 36
Views: 3456

Re: How to become debt free?

Currently, most those other expenses are taken care of. I only included monthly expenses, not things like haircut, eating out, etc.
by cachemoney
Mon Sep 26, 2016 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: How to become debt free?
Replies: 36
Views: 3456

Re: How to become debt free?

Monthly Expenses are as follows:

Monthly: $733
Auto loan
Auto Ins
Cell Service
Gasoline
Medical
Streaming Media Subscriptions
by cachemoney
Mon Sep 26, 2016 11:56 am
Forum: Personal Finance (Not Investing)
Topic: How to become debt free?
Replies: 36
Views: 3456

Re: How to become debt free?

Balance transfer to not pay interest. Actually CC A had about 4400 on it, since it was a 18mo 0% interest that is now getting hit. So it was transferred to CC B, in hopes to transfer again to CC C that has 0% intro and free balance transfer.
by cachemoney
Mon Sep 26, 2016 11:45 am
Forum: Personal Finance (Not Investing)
Topic: How to become debt free?
Replies: 36
Views: 3456

How to become debt free?

How would you convince someone to change their financial habits to get out of debt as quickly as possible? This is for someone I know, who wants help. But doesn't want to live like a pauper for the next few years. Still wants to buy "wants" like starbucks, seasonal decor, buy gifts for peo...
by cachemoney
Sun Jul 17, 2016 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Options
Replies: 11
Views: 1146

Re: Refinance Options

itstoomuch, I do not understand...You would refinance in my position, which I would assume most would do if coming from 30yr @ 4.875%. I am pretty sure I will do the 15yr refinance @ 2.75%. I just wanted advise on which would be better, paying off more principal to get the LTV at 80%, or invest the ...
by cachemoney
Sat Jul 16, 2016 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Options
Replies: 11
Views: 1146

Re: Refinance Options

Yes 2.75% for 15 years. I updated monthly P & I on first post.

Only need to fund the following (estimated from bank)

Loan Org Fee: $479
Taxes/Gvmt Fees: $400
Prepaid Int: $105
Initial Escrow: $1658

Loan Origination Fee includes Title/Appraisal/Credit report
by cachemoney
Sat Jul 16, 2016 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Options
Replies: 11
Views: 1146

Re: Refinance Options

Actually I got 2.75% refinance. :sharebeer
by cachemoney
Thu Jul 14, 2016 11:30 am
Forum: Personal Consumer Issues
Topic: Passwords
Replies: 72
Views: 5288

Re: Passwords

I strongly recommend LastPass to all friends/family/co-workers. Like it's been said random and unique passwords for EVERY website you have a login can be automatically logged in while you only need to remember and input ONE password. Using on mobile apps is also a benefit if you pay the $12 fee. Als...
by cachemoney
Mon Jul 11, 2016 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Options
Replies: 11
Views: 1146

Re: Refinance Options

Currently I am at 4.875% with a $940 payment without PMI.
by cachemoney
Mon Jul 11, 2016 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Options
Replies: 11
Views: 1146

Re: Refinance Options

Any thoughts/suggestions?
by cachemoney
Fri Jul 08, 2016 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Options
Replies: 11
Views: 1146

Refinance Options

I am currently looking at refinancing my mortgage. I purchased my townhouse in 2010 putting 20% down and did a 30yr fixed mortgage. Unfortunately the value of the townhouse has decreased an estimated $44k. I have been putting a little extra into mortgage payments (between $10 and $250) for the last ...

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