Search found 1142 matches

by michaeljc70
Sun Mar 26, 2017 11:03 pm
Forum: Personal Consumer Issues
Topic: NFC (near field communication) desirability
Replies: 9
Views: 576

Re: NFC (near field communication) desirability

My phone has NFC. I use it occasionally for mobile payments, but it's hardly critical as few enough places take it that you can't leave your credit cards at home. For a mid price phone with NFC plus great specs, consider the OnePlus 3T. If you won't take advantage of a high spec device otherwise, I...
by michaeljc70
Sun Mar 26, 2017 11:25 am
Forum: Personal Consumer Issues
Topic: thoughts on in-ceiling speakers?
Replies: 36
Views: 1502

Re: thoughts on in-ceiling speakers?

One thing I don't hear being discussed is where to put these Sonos and speakers (if doing separate). I don't like clutter. I did in-ceiling for background music due to that. There is absolutely nowhere in my kitchen I can hide a Sonos. I don't want it sitting out on the counter (I put in appliance g...
by michaeljc70
Sun Mar 26, 2017 11:14 am
Forum: Personal Consumer Issues
Topic: NFC (near field communication) desirability
Replies: 9
Views: 576

Re: NFC (near field communication) desirability

I specifically spent more to get a phone that had NFC (I was between 2 phones). It is not something I use much, but since I try to keep phones at least 2 years, I wanted to not be without something that has been around for sometime on a new phone ("future proof"). You can use it for Androi...
by michaeljc70
Sun Mar 26, 2017 9:07 am
Forum: Personal Consumer Issues
Topic: The Sweet Spot for Yearly Car Costs
Replies: 52
Views: 3203

Re: The Sweet Spot for Yearly Car Costs

Out of curiosity, I fired up Quicken. My last SUV I spent approximately $3.3k a year. That includes everything except gas and tolls. I am guessing gas and tolls were big numbers? Roughly speaking, gas would be about half the cost p.a. of a car? My new car is only 2 years old, so I didn't figure the...
by michaeljc70
Sat Mar 25, 2017 10:13 pm
Forum: Personal Consumer Issues
Topic: The Sweet Spot for Yearly Car Costs
Replies: 52
Views: 3203

Re: The Sweet Spot for Yearly Car Costs

Out of curiosity, I fired up Quicken. My last SUV I spent approximately $3.3k a year. That includes everything except gas and tolls. I bought the Jeep GC new in 2001 and kept it a little over 13 years. The breakout is: $11.3k insurance $24.9k car price with tax $2.7k Maintenance $.9k License and reg...
by michaeljc70
Sat Mar 25, 2017 1:56 pm
Forum: Personal Consumer Issues
Topic: The Sweet Spot for Yearly Car Costs
Replies: 52
Views: 3203

Re: The Sweet Spot for Yearly Car Costs

I don't think a car lease is much different from anything else. There is a trade off between costs and convenience. It is more convenient to pay someone to clean your house but costs more. It is certainly easier to hire someone to mow the lawn, but it costs more. It is more convenient to fly a long ...
by michaeljc70
Sat Mar 25, 2017 12:47 pm
Forum: Personal Consumer Issues
Topic: The Sweet Spot for Yearly Car Costs
Replies: 52
Views: 3203

Re: The Sweet Spot for Yearly Car Costs

Where I live (Chicago), there are big taxes involved in a lease. You pay sales tax on the part of the car you are "using" and then pay a tax on the lease payment. As pointed out by others, car costs include taxes, insurance, maintenance, gas, parking, tickets, accidents (at least the deduc...
by michaeljc70
Fri Mar 24, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Divesting to heirs. When and how quickly.
Replies: 45
Views: 4117

Re: Divesting to heirs. When and how quickly.

Personally I prefer "giving" while I am alive and the investments are still "mine". Once I die I own nothing and it costs me nothing to give it away. Not quite the same as when you are alive and may still hanker for a yacht, or a beach house, or a Rolls Royce, or whatever turns ...
by michaeljc70
Fri Mar 24, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

I live in Chicago and Delta is okay if you are going somewhere in Europe they go direct (from Atlanta). As far as I can see, Delta only flies to Paris and Amsterdam direct from ORD. Otherwise you will be making 2 stops (Atlanta most likely + somewhere in Europe) which I hate doing. So, for example,...
by michaeljc70
Fri Mar 24, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

American periodically opens up a ton of award space, so depends if you're able to jump on it that day or week, there can be a lot of flights to Europe for the saver points category. That being said I value them less than United or other Star Alliance carriers due to availability restrictions. Good ...
by michaeljc70
Fri Mar 24, 2017 8:30 am
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 290
Views: 36127

Re: What is your favorite consumer product?

Google - Email, files, calendar, maps, suggested stories based on my interests/searches, etc. all synced over all my devices is heaven Ocean Spray Lite Cranberry - I hate the Diet Crans- like Kool Aid Coke Zero Mitchum Deodorant - All others seem to stain my clothes Any vodka that doesn't give me a ...
by michaeljc70
Fri Mar 24, 2017 8:17 am
Forum: Personal Consumer Issues
Topic: Do I need title insurance?
Replies: 22
Views: 1357

Re: Do I need title insurance?

Also, title insurance is negotiable; playing one company vs another can save you several hundred dollars. And it can all be done over the phone--it's based on the amount you're paying and getting a quote takes less than 2 minutes. When you get to a $$ amount you're comfortable with, have them recor...
by michaeljc70
Thu Mar 23, 2017 7:49 pm
Forum: Personal Consumer Issues
Topic: Do I need title insurance?
Replies: 22
Views: 1357

Re: Do I need title insurance?

S&L1940 wrote:lived in three homes (still in #3) and I presumed that the need for title insurance - including new ones for re-fi - were mandatory, never questioned it


It is mandatory if you get a mortgage.
by michaeljc70
Thu Mar 23, 2017 7:02 pm
Forum: Personal Consumer Issues
Topic: Should I sell my 2016 MDX and just lease? Minimal mileage needs
Replies: 11
Views: 1087

Re: Should I sell my 2016 MDX and just lease? Minimal mileage needs

Long story short... I bought a 2016 MDX new November of '15. The car has all the bells & whistles short of the top trim entertainment package. I paid the car off last December and thought that it would continue to serve as our family vehicle until my grandmother passed away. My mother received ...
by michaeljc70
Thu Mar 23, 2017 6:50 pm
Forum: Personal Consumer Issues
Topic: Do I need title insurance?
Replies: 22
Views: 1357

Re: Do I need title insurance?

It is a scam in my opinion (at least the high price). An attorney typically is doing a title search so they should be liable. Also, the price here (Chicago) for it is ridiculous. Typically $600-$900 here for a typical place. As you said, rarely paid out and if they do, tends to not be on the whole ...
by michaeljc70
Thu Mar 23, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Divesting to heirs. When and how quickly.
Replies: 45
Views: 4117

Re: Divesting to heirs. When and how quickly.

OP, if worried about the 19 year old and wanting to do the lump sum, could just set a rule that everyone gets X when they reach the age of Y. Y being older than 19 obviously...maybe 25 or 30. I could see it still causing some resentment, but I guess it could be countered in the framing of it and may...
by michaeljc70
Thu Mar 23, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Kitchen island
Replies: 43
Views: 2106

Re: Kitchen island

bcdfgh wrote:How about going back to the OP but change distant from island to stove and fridge to 38"? That would give island overhang of 12" for stools.
I plan to "mock it up with cardboard" when I stop by the site later.


That's what I would do.
by michaeljc70
Thu Mar 23, 2017 1:01 pm
Forum: Personal Consumer Issues
Topic: Kitchen island
Replies: 43
Views: 2106

Re: Kitchen island

I think you need to decide if the seating area or extra storage on the island is more important. I absolutely love having seating at my island. My last house had a small island that sat 2. I added two 12" cabinets to it to make it deeper and got a new top and had seating on 3 sides for 6 people...
by michaeljc70
Thu Mar 23, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

Citi has so many application pages without the 24 month language it almost makes their policy irrelevant. In the last few months between my wife and I we've accumulated 240,000 AA miles from 4 Citi AA signup bonuses. There are Citi Hilton links without the 24 month language as well. Sometimes the l...
by michaeljc70
Thu Mar 23, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

Question for something I'm currently wondering is, say I was approved and opened up a card on month/day/2015. On month/day/2017, will that card *immediately* open me up another slot with Chase, or does it take time to "fall off"? Wait a couple weeks? Is it based on when the card was recei...
by michaeljc70
Thu Mar 23, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

Question for something I'm currently wondering is, say I was approved and opened up a card on month/day/2015. On month/day/2017, will that card *immediately* open me up another slot with Chase, or does it take time to "fall off"? Wait a couple weeks? Is it based on when the card was recei...
by michaeljc70
Thu Mar 23, 2017 11:21 am
Forum: Personal Consumer Issues
Topic: Kitchen island
Replies: 43
Views: 2106

Re: Kitchen island

I did check the houzz forums but prefer to post it here. Left of stove/cab is a door and left of fridge is duct chase and path to dining are so G shape would not work. Also, it's not a good idea to have a stove next to corner cab if what you meant is turn the left stove cab to corner cab to get G p...
by michaeljc70
Thu Mar 23, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

Citi uses the 5/24 rule too. Where did you get that from ? It certainly does not. I'm way over 5/24 and got a card from Citi recently. Citi has some limit, but it's much less restrictive than 5/24. I disagree. I don't really stay in chain hotels. A lot of the other bonuses just aren't as good in my...
by michaeljc70
Thu Mar 23, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

Question for something I'm currently wondering is, say I was approved and opened up a card on month/day/2015. On month/day/2017, will that card *immediately* open me up another slot with Chase, or does it take time to "fall off"? Wait a couple weeks? Is it based on when the card was recei...
by michaeljc70
Thu Mar 23, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6399

Re: Recommended emergency fund for middle class households: $13,800

I am always confused by the people that have a year or more in emergency funds. Like, if you take home 80k a year, having multiple years in cash seems like you are extremely wealthy or very close to retirement. I always viewed my highly liquid taxable investments as my emergency fund. Having a sepa...
by michaeljc70
Thu Mar 23, 2017 9:30 am
Forum: Personal Consumer Issues
Topic: Kitchen island
Replies: 43
Views: 2106

Re: Kitchen island

I have a 12" overhang and that is enough for people to sit and not bang their knees. I have 45" on the stool side. The powder room door is there (no appliances) and people need to move to open that. Most people can walk by other people seated if they don't have their stool pulled too far o...
by michaeljc70
Wed Mar 22, 2017 10:13 pm
Forum: Personal Consumer Issues
Topic: Kitchen island
Replies: 43
Views: 2106

Re: Kitchen island

What is the overhang for? If it is for stools, you have to take that into account. Also, a 16" overhang should be reinforced typically if using stone. I just measured and Ihave 45" on the appliance side of my island and it is plenty for two people to cook together. I wish I had made it may...
by michaeljc70
Wed Mar 22, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

Citi uses the 5/24 rule too. Where did you get that from ? It certainly does not. I'm way over 5/24 and got a card from Citi recently. Citi has some limit, but it's much less restrictive than 5/24. I disagree. I don't really stay in chain hotels. A lot of the other bonuses just aren't as good in my...
by michaeljc70
Wed Mar 22, 2017 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

I prefer cards that fall under the 5/24 rule, so I am only opening 5 cards in 2 years. I think you are missing on tons of signup bonuses by doing that. I realize that Chase has some nice cards - and I have the CSR and my husband has his too. But foregoing all the other juicy bonuses on the other ba...
by michaeljc70
Wed Mar 22, 2017 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 4563

Re: Vehicles as a percentage of net worth

I can't understand how a rule concerning net worth would be really helpful here. The guiding principle is: live beneath your means. +1 I don't see a lot of people with 7 figure net worths running out and buying Rolls Royces because it fits a formula. Personally, I try to spend less than $30k even t...
by michaeljc70
Wed Mar 22, 2017 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Problems - Anyone Else?
Replies: 8
Views: 587

Re: Quicken Problems - Anyone Else?

I just tried and didn't have any problems.
by michaeljc70
Wed Mar 22, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Salary / employment verification
Replies: 25
Views: 1857

Re: Salary / employment verification

There may also be reasons or justifications beyond just the required income level. For example, the landlord my want/need to be aware of the employer (employment status) of all residents. There also could be another applicant that has a higher income that they want to go with. It's not just about m...
by michaeljc70
Wed Mar 22, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6399

Re: Recommended emergency fund for middle class households: $13,800

I suupose you are right, but this is where I would go for unexpected. Right now each dollar has multiplepuposes and only time will tell the eventual use. My job is not that stable right now. Mgmt is increasingly difficult and my emergency may end up being early retirement. Yes, I can understand whe...
by michaeljc70
Wed Mar 22, 2017 1:56 pm
Forum: Personal Consumer Issues
Topic: Do I need title insurance?
Replies: 22
Views: 1357

Re: Do I need title insurance?

To the OP: yes you need it, but it is a major scam of our system. Can anyone cite a case they know of where title insurance actually paid out some cash? It is a scam in my opinion (at least the high price). An attorney typically is doing a title search so they should be liable. Also, the price here...
by michaeljc70
Wed Mar 22, 2017 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

This may be too much information, but below is what we have done, strategy-wise, since January 2016. (Anyone know how to make the formatting work? It looks great before I submit....) I have done very little MSing. Our spend on credit cards, as a family, is usually around $3-5K/mo. I tried to spread...
by michaeljc70
Wed Mar 22, 2017 1:47 pm
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 40
Views: 2015

Re: Debating a weekend in Chicago (south side)

These sound like a riot!! haha very cool. I can almost guarantee we'll try to do both of these. Bfwolf you would probably fit in well with our circle haha. 8-) We likely won't do much dancing though...2 engaged guys and me (married 7 years) aren't really into the dancing/clubbing scene or trying to...
by michaeljc70
Wed Mar 22, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6399

Re: Recommended emergency fund for middle class households: $13,800

I keep around 6 months of expenses. If I should need more than that I can either sell securities, use a 0% credit card offer or HELOC. I think the main reason to have one is so you don't have to sell securities in a down market or to pay big capital gains in an up market. The money is mostly for if...
by michaeljc70
Wed Mar 22, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6399

Re: Recommended emergency fund for middle class households: $13,800

I keep around 6 months of expenses. If I should need more than that I can either sell securities, use a 0% credit card offer or HELOC. I think the main reason to have one is so you don't have to sell securities in a down market or to pay big capital gains in an up market. The money is mostly for if ...
by michaeljc70
Wed Mar 22, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

I'd agree, I think you're better off getting the United card while you can. FYI there's a targeted offer for 70k + $50 through April 15. It seems that a lot of people are targeted though. Try this link: https://www.united.com/web/en-US/apps/sso/Login.aspx?return_to=thatsaplus Citi gives out AA card...
by michaeljc70
Wed Mar 22, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

Aeromexico (1000:1600) Air Canada ANA Alitalia British Airways (250:200) Asia Miles (Cathay Pacific) Delta El Al (1000:20) Emirates Etihad Flying Blue (Air France/KLM) Hawaiian Iberia (250:200) JetBlue (250:200) Singapore Virgin America (200:100) Virgin Atlantic You can book United award flights us...
by michaeljc70
Wed Mar 22, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

Definitely do it for at least the first year. It is a great card and 50k is a great bonus (I think the highest ever was 75k but it doesn't come around often). The 50k can transfer to airlines, but you can also use it for $500 cash back. The $100 airline credit can be used for American/United and ca...
by michaeljc70
Wed Mar 22, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

I received an email today for 50k miles for an Amex Gold Premier Reward. Annual fee waived first year. It seems like the public reward is 25k. I looked at what you can use the miles for. It seems like airlines I don't typically fly (I prefer American/United). There is also a $100 airline credit per...
by michaeljc70
Wed Mar 22, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Salary / employment verification
Replies: 25
Views: 1857

Re: Salary / employment verification

I guess I don't get why it is okay to give your wife's salary but you are so against giving yours. If it is a joint application, of course they want both. In this particular case, wife worked a partial year, and so based on that, they have no idea what her actual salary is (gave them a W2). But mor...
by michaeljc70
Tue Mar 21, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Salary / employment verification
Replies: 25
Views: 1857

Re: Salary / employment verification

I guess I don't get why it is okay to give your wife's salary but you are so against giving yours. If it is a joint application, of course they want both. In this particular case, wife worked a partial year, and so based on that, they have no idea what her actual salary is (gave them a W2). But mor...
by michaeljc70
Tue Mar 21, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

I received an email today for 50k miles for an Amex Gold Premier Reward. Annual fee waived first year. It seems like the public reward is 25k. I looked at what you can use the miles for. It seems like airlines I don't typically fly (I prefer American/United). There is also a $100 airline credit per...
by michaeljc70
Tue Mar 21, 2017 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1332
Views: 167540

Re: What's Your Credit Card Rewards Strategy?

I received an email today for 50k miles for an Amex Gold Premier Reward. Annual fee waived first year. It seems like the public reward is 25k. I looked at what you can use the miles for. It seems like airlines I don't typically fly (I prefer American/United). There is also a $100 airline credit per ...
by michaeljc70
Tue Mar 21, 2017 11:20 am
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 40
Views: 2015

Re: Debating a weekend in Chicago (south side)

Well apparently everybody and their brother is visiting Chicago on the weekend of June 3...is there something going on? I've checked like 5 hotels and nothing available. Really? :confused :confused I was looking around the River North area based on recommendation...but maybe there's another area th...
by michaeljc70
Tue Mar 21, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Salary / employment verification
Replies: 25
Views: 1857

Re: Salary / employment verification

I guess I don't get why it is okay to give your wife's salary but you are so against giving yours. If it is a joint application, of course they want both.
by michaeljc70
Tue Mar 21, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 40
Views: 2015

Re: Debating a weekend in Chicago (south side)

I'd suggest no further south than Roosevelt and State which has a red line station that'll directly bring you to Comiskey/US Cell/ G-rate. Roughly a 10-15 minute ride away on the train from there and you're close to the musuems if you're interested in that. If night life is your thing you're not fa...
by michaeljc70
Mon Mar 20, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: Want to buy a used Mini Cooper-> Talk me into it?
Replies: 45
Views: 5173

Re: Want to buy a used Mini Cooper-> Talk me into it?

Remember that there are two kinds of buyers: 1. The kind who do a lot of research (reading the latest annual Consumer Reports Car issue which I recommend or reading posts at any of several Internet car sites. and 2. The kind who instead of researching car facts, consider how they feel about themsel...

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