Search found 82 matches

by leeks
Mon Mar 20, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: What would it take to buy a house in our neighborhood?
Replies: 20
Views: 1357

Re: What would it take to buy a house in our neighborhood?

...couldn't you move outside of the city, buy a cheaper place you can afford and still maintain your social life? ... The point is it's foolish to burden yourself with debt and stress just to "live where the cool kids live" if that is a small portion of your life. Some handle debt better ...
by leeks
Mon Mar 20, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: What would it take to buy a house in our neighborhood?
Replies: 20
Views: 1357

Re: What would it take to buy a house in our neighborhood?

With your income, you could buy a very spacious and new house in a lower cost, higher quality of life part of the country. My husband could not make his current income level outside of NYC unless we went to the west coast and I don't want the kids to live that far from their grandparents. He never ...
by leeks
Mon Mar 20, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: What would it take to buy a house in our neighborhood?
Replies: 20
Views: 1357

Re: What would it take to buy a house in our neighborhood?

You have $100k in cash now, but can save $80k a year moving forward, what is causing the discrepancy, recent raise? The crazy high income is new for us. My husband is at his first job after grad school, he finished his phd two years ago. My last salary was 60K. I had student loans. What is the plan...
by leeks
Mon Mar 20, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: What would it take to buy a house in our neighborhood?
Replies: 20
Views: 1357

Re: What would it take to buy a house in our neighborhood?

If you're in your mid 30s with 2 kids, how often do you see your friends? During the week? Only weekends? It's true we don't see our non-parent friends very often anymore! Our friends in the neighborhood are also parents of young children so most of our socializing is as a family (and this neighbor...
by leeks
Mon Mar 20, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: What would it take to buy a house in our neighborhood?
Replies: 20
Views: 1357

What would it take to buy a house in our neighborhood?

We are in our mid 30s and have an infant and toddler. We live in NYC (not Manhattan) and have been renting for two years in a neighborhood with all the amenities we prefer for our family. We have built a network of friends here and would not consider another part of NYC or suburbs. We intend to stay...
by leeks
Mon Mar 20, 2017 1:06 am
Forum: Personal Finance (Not Investing)
Topic: public service loan forgiveness: expecting it? consider spousal income!
Replies: 17
Views: 1608

Re: public service loan forgiveness: expecting it? consider spousal income!

JimmyD wrote:My bet is that there eventually will be changes, but those changes will only apply to new borrowers.

I think it is a reasonable assumption that future changes would only apply to new borrowers. I hope it works out for your family as expected.
by leeks
Sat Mar 18, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: public service loan forgiveness: expecting it? consider spousal income!
Replies: 17
Views: 1608

Re: public service loan forgiveness: expecting it? consider spousal income!

I did check that. Married filing separately would not have been worth it. I'm just really curious to hear of anyone who is actually taking advantage of the forgiveness for a significant amount. I suspect that there may be few for whom it works out to be much benefit. Obviously there is nothing wrong...
by leeks
Sat Mar 18, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: public service loan forgiveness: expecting it? consider spousal income!
Replies: 17
Views: 1608

Re: public service loan forgiveness: expecting it? consider spousal income!

I think your math may be off The income based repayment plan caps your payment at the amount equal to a 10-year amortization. In other words, the payment stops increasing with income once you cross that threshold. If you are in IBR, you won't be paying the loan off early and you will still benefit ...
by leeks
Fri Mar 17, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: public service loan forgiveness: expecting it? consider spousal income!
Replies: 17
Views: 1608

public service loan forgiveness: expecting it? consider spousal income!

Is anyone nearing the 120 payments and expecting to benefit from Public Service Loan Forgiveness? I believe late 2017 will be the first time anyone could be eligible for it and I am fascinated to know if anyone is actually getting a benefit. I posted about my 70K loans in 2011: https://www.boglehead...
by leeks
Sun May 22, 2011 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Tips on buying a used car.
Replies: 34
Views: 4150

pannkake wrote:Most college students don't have or need cars, and she'll make friends that do have them.

+1
by leeks
Sat May 21, 2011 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Zero credit history--what can I do?
Replies: 26
Views: 3145

The Truth About Your Credit Score
Can you really live without it?

http://www.daveramsey.com/article/the-t ... editcards/

Many do not agree, but I find it interesting to consider this perspective.
by leeks
Wed May 18, 2011 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Is New Air Conditioner worth the cost?
Replies: 19
Views: 11249

bru wrote:
HardKnocker wrote: A/C is a luxury.


It's a "luxury" that the majority of households (not to mention cars) in the US have.


I have lived in apartments without air conditioning for the last 13 years in mid-Atlantic and northeast states. I find fans to be adequate in summer.
by leeks
Wed May 18, 2011 12:32 pm
Forum: Personal Consumer Issues
Topic: Vegetable gardening
Replies: 97
Views: 13567

Epaminondas wrote:You can't get a better book than this:

How to Grow more Vegetables

It walks you through the whole process from soil prep to harvest. You learn which plants like to be near each other and which you need to separate. It is great!


+1

I refer to it often.
by leeks
Tue May 17, 2011 5:05 pm
Forum: Investing - Theory, News & General
Topic: NYTimes: The Dave Ramsey 12% solution
Replies: 86
Views: 13469

I've found his get-out-of-debt advice excellent. He focuses more on the behavioral aspects than the math. For example, paying off credit cards lowest balance first. People who are struggling to climb out from under too much debt will likely find much more relief and motivation to keep going by whit...
by leeks
Sun May 15, 2011 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Going carless
Replies: 30
Views: 3531

I may also be going carfree at some point in the future and have priced the options in my town. Through a university, I have access to a carshare service that is a competitor to zipcar, with slightly lower prices (about $50 for a full day rental). Since it is designed for people without cars, the re...
by leeks
Thu May 12, 2011 1:25 pm
Forum: Forum Issues and Administration
Topic: Which Boglehead Index for viewing posts do you use?
Replies: 24
Views: 2504

I use that one too.
by leeks
Wed May 11, 2011 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Are we stupid for paying extra on house?
Replies: 73
Views: 7127

Claude wrote:
Wind power wrote:Sometimes peace of mind is a wise investment too.
I paid mine off early...over 10 years ago and still feel good about it today.
Zero stress has a value


+1 :D


+2
by leeks
Wed May 11, 2011 11:43 am
Forum: Personal Consumer Issues
Topic: Best coffee maker
Replies: 66
Views: 10049

Yup, those things are awesome. I use mine every day. (And wow, 77 dollars? Mine was 10 bucks at an Asian grocer.) Indeed, these can be found for low cost and the most common varieties are made of aluminum. We splurged to order one in stainless steel (aren't fans of aluminum). We also paid more to u...
by leeks
Wed May 11, 2011 10:43 am
Forum: Personal Consumer Issues
Topic: Vanguard Flagship Community?
Replies: 17
Views: 3529

Is this the "black card" part of Vanguard? I heard they sent specific invites out to join for that. Any idea of how much one needs to have to be asked to join the "really rich" club? 5 mill? 10 mill? Defintely curious. Below from https://personal.vanguard.com/us/whatweoffer/pers...
by leeks
Wed May 11, 2011 10:28 am
Forum: Personal Consumer Issues
Topic: Best coffee maker
Replies: 66
Views: 10049

http://ecx.images-amazon.com/images/I/21E75GF67QL._SL500_SS75_.jpg http://www.amazon.com/Bialetti-Musa-10-Cup-Stovetop-Percolator/dp/B000E306Q6/ref=sr_1_11?s=home-garden&ie=UTF8&qid=1305127058&sr=1-11 I love the stovetop percolator. Compact, fast and no counter space needed. No filters....
by leeks
Tue May 10, 2011 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard cuts minimum investments on 27 funds
Replies: 28
Views: 5446

A nice change!
by leeks
Mon May 09, 2011 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Young but risk-adverse investor seeks advice
Replies: 9
Views: 1373

Gray wrote:If you plan on living cheaply by yourself doing not much and riding your bike to work, I'd say you have quite the plan.


I consider it a wonderful luxury to be able to walk or bike to work!
by leeks
Mon May 09, 2011 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Raiding Roth IRA
Replies: 31
Views: 3697

juventussoccr wrote: I know it was stupid of me to even think about taking it out of my roth ira.


Don't be so hard on yourself! You knew the idea didn't feel quite right and that's why you came to post on this forum. That is a good sign.
by leeks
Mon May 09, 2011 1:22 am
Forum: Investing - Help with Personal Investments
Topic: Young but risk-adverse investor seeks advice
Replies: 9
Views: 1373

Renters insurance is really cheap so it is probably a good idea. For example, mine is $120 per year. Get a quote from your car insurance company as you may get a discount for adding on renters insurance that makes it even more affordable.
by leeks
Sun May 08, 2011 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: When did you become a boglehead?
Replies: 36
Views: 3681

I picked the last option as I have a hard time remembering which is bear and which is bull and I don't even know what sideways means with respect to markets. How's that for ignoring the market noise! I looked up the etymology of bear and bull markets on wikipedia. The article is unsatisfying: http:/...
by leeks
Sun May 08, 2011 10:33 pm
Forum: Personal Consumer Issues
Topic: Career or even job advice
Replies: 11
Views: 1698

Edited post above to remove "with this mindset." I didn't mean to offend!
by leeks
Sun May 08, 2011 9:27 pm
Forum: Personal Consumer Issues
Topic: Career or even job advice
Replies: 11
Views: 1698

A sustainable food system is just plain farming then, right? Since every farmer I know is vested in his/her land and requires that it continue to produce for generations to come. . . Farmers are indeed an integral part of a sustainable food system. To read more about how urban planners approach foo...
by leeks
Sun May 08, 2011 9:09 pm
Forum: Personal Consumer Issues
Topic: Some red meat healthier than pork or chicken?
Replies: 107
Views: 10067

Beans and whole grains contain all sorts of anti-nutrients that are harmful to your body, I avoid them in their entirety. Gluten, phytates, lectin just to name a few. Do you have nagging inflammation/pain? Cut out sugar and grains/beans and see how you feel after a week - you may be pleasantly surp...
by leeks
Sun May 08, 2011 8:18 pm
Forum: Personal Consumer Issues
Topic: Poll: What would Bogleheads spend for a car? (assume buying
Replies: 45
Views: 4933

The "hassle of owning a car"? What does this mean? Having to get the oil changed every 3-5K miles? Having to park it somewhere? Washing it? I don't bother with washing but yes, car insurance renewals, oil changes, vehicle registration renewal, annual parking permits at apartment/school/wo...
by leeks
Sun May 08, 2011 7:27 pm
Forum: Personal Consumer Issues
Topic: Some red meat healthier than pork or chicken?
Replies: 107
Views: 10067

Even though perhaps red meat, even lean meat, has other bad things in it, I still would rather eat it than white bread, white pasta, or other junk food. Luckily, one's options in life do not consist of only red meat or junk food! And it's not like your protein sources are limited to beef, chicken o...
by leeks
Sun May 08, 2011 6:42 pm
Forum: Personal Consumer Issues
Topic: Poll: What would Bogleheads spend for a car? (assume buying
Replies: 45
Views: 4933

$2K. However, when my current car finally dies (it is 24 years old!), I hope to never buy another one. I hate the hassle of car ownership and will only live in places where I can commute without one. It's easy enough to just rent a car for occasional needs.
by leeks
Sun May 08, 2011 5:28 pm
Forum: Personal Consumer Issues
Topic: Career or even job advice
Replies: 11
Views: 1698

from USDA: "A food system includes everything from farm to table." http://fnic.nal.usda.gov/nal_display/index.php?info_center=4&tax_level=2&tax_subject=276&topic_id=1344 There are a variety of perspectives on what would constitute a sustainable food system. Here is one from the...
by leeks
Sun May 08, 2011 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Social security going paperless
Replies: 19
Views: 2515

Re: Social security going paperless

Why do millions of people *not* have checking accounts? It seems to me that having one is almost as basic a tool of modern civilization as having a mailing address, a telephone, or knowing how to read and write. Moreover, having a checking account can be literally free... there are banks that will ...
by leeks
Sun May 08, 2011 2:05 pm
Forum: Personal Consumer Issues
Topic: Patio furniture cushions
Replies: 10
Views: 4186

for replacement cushions try,
http://www.homedecorators.com/
http://www.overstock.com/

if you want to recover them yourself, sunbrella fabrics are about $20 per yard at
http://www.fashionfabricsclub.com/catal ... ?TypId=817
by leeks
Sun May 08, 2011 1:17 pm
Forum: Personal Consumer Issues
Topic: Career or even job advice
Replies: 11
Views: 1698

If you are interested in food systems and decide to pursue more education, I recommend looking into urban planning programs and landscape architecture programs. I'm finishing a planning masters this year and there are several students in my cohort who have made sustainable food systems or urban agri...
by leeks
Fri May 06, 2011 3:05 am
Forum: Investing - Help with Personal Investments
Topic: Need advice: Payoff mortgage or invest
Replies: 80
Views: 8300

I would pay off the mortgage. Having a paid-for house at your age sounds fantastic! You will be able to save plenty more money for investing very quickly. Should you regret your decision, you can always take out a new mortgage on the house sometime in the future.
by leeks
Fri May 06, 2011 2:53 am
Forum: Investing - Help with Personal Investments
Topic: To keep Citibank or not to keep?
Replies: 16
Views: 2670

Bogleheads do not generally recommend holding individual stocks (and if you do hold them, keep them to 5% or less of your portfolio). I've heard a lot of complaints about how poorly Citibank treats customers. I would never open an account with them (or Bank of America or companies with a similarly s...
by leeks
Fri May 06, 2011 2:13 am
Forum: Personal Finance (Not Investing)
Topic: What is worth spending more money on?
Replies: 98
Views: 9854

DeGrief wrote:The one big thing that I think I would consider "buying" in that circumstance would be time.

+1
by leeks
Fri May 06, 2011 2:07 am
Forum: Personal Finance (Not Investing)
Topic: Was I crazy to do this? Strategy going forward [loans]
Replies: 25
Views: 4495

The OP's asks in the thread subject line, "Was I crazy to do this?" Yes, yes, yes....I know that I could have bought a cheaper house. But I had no interest in buying a house unless it was EXACTLY what I wanted at a price point that was good for me. In what way is 890K a price point that wa...
by leeks
Fri May 06, 2011 12:32 am
Forum: Personal Finance (Not Investing)
Topic: What is worth spending more money on?
Replies: 98
Views: 9854

I would probably like to do more socializing (but am shy), more exercising, and maybe should do some home improvement/maintenance. Give some money to a local organization whose work you believe in. Combine the gift with volunteer hours so you meet some new people and get a more personal level of in...
by leeks
Fri May 06, 2011 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Advise Me How to Explain a Deal to My Family
Replies: 39
Views: 3977

I am sure my mother wants to give me as much as she gave him. Are you? And how should I explain it to them without math? I sounds like you are looking for ways to convince your mother to do what you want her to do, not necessarily what she wants to do. Your brother's 1/12 ownership is not hers to g...
by leeks
Thu May 05, 2011 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Raiding Roth IRA
Replies: 31
Views: 3697

+1 I doubt you could convince your fiance to return the ring without damaging the relationship, but it's an idea. A surprising number of couples I know have done a city hall wedding with a simple low-cost celebration afterward (hosted at someone's house, with different friends bringing snacks, champ...
by leeks
Thu May 05, 2011 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Where is your emergency fund?
Replies: 73
Views: 9371

Re: Where is your emergency fund?

In the event of an emergency we can quickly raise money from an ATM, our portfolio, credit cards, bank loan, or a temporary family loan. Doesn't raising money from an ATM mean withdrawing from a bank account? There are many valid approaches to emergency savings and I think the size of one's portfol...
by leeks
Wed May 04, 2011 10:55 pm
Forum: Personal Consumer Issues
Topic: Washing Car
Replies: 14
Views: 2094

rain
by leeks
Sat Apr 30, 2011 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: NEW to credit?
Replies: 14
Views: 1956

Do not let the tail wag the dog. Not having a credit history is a good thing in your case. Not having student loans is a GOOD THING. +1 Dave Ramsey is once voice that argues a credit score is not necessary: http://www.daveramsey.com/article/the-truth-about-your-credit-score/lifeandmoney_creditcards...
by leeks
Wed Apr 27, 2011 10:48 pm
Forum: Investing - Help with Personal Investments
Topic: Starting out - invest or pay off student loans?
Replies: 13
Views: 1786

Pay them off ASAP.
by leeks
Mon Apr 25, 2011 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Solar energy farm
Replies: 25
Views: 2897

What state are you in? What kind of company sent you the letter (for example, is it your regular utility company)? This is probably important. Utilities are regulated. Utility companies don't like complaints to the regulator: they are measured against same. So that gives the landowner some leverage...
by leeks
Sun Apr 24, 2011 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Solar energy farm
Replies: 25
Views: 2897

What state are you in? What kind of company sent you the letter (for example, is it your regular utility company)?
by leeks
Sat Apr 23, 2011 4:53 pm
Forum: Personal Consumer Issues
Topic: Wedding present dilemma???
Replies: 14
Views: 1263

Toss in a few coins. Isn't that how a wishing well works? :wink:
by leeks
Fri Apr 22, 2011 3:19 pm
Forum: Investing - Theory, News & General
Topic: Personal Finance Gurus
Replies: 15
Views: 2501

I'm fond of Michelle Singletary of the Washington Post and have enjoyed one of her books. She lays things out in a very simple manner, focuses on behavioral aspects of personal finance and is adamantly anti-debt. Like Dave Ramsey, she bases some of her advice on a Christian viewpoint. However, one d...

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