Search found 516 matches

by spammagnet
Thu Jun 22, 2017 1:13 am
Forum: Personal Finance (Not Investing)
Topic: Best Practices for Managing Paper Receipts
Replies: 28
Views: 1915

Re: Best Practices for Managing Paper Receipts

Many receipts are printed on thermal paper. In time, they will fade to nothing. If you're keeping if long-term, like a major purchase receipt, I suggest you scan it to get a permanent copy.
by spammagnet
Fri Jun 16, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4845

Re: Do You Take Your Credit Card Receipts?

... provide a quick record of where you were on a specific day&time, ... No receipt needed. Just ask Google. :shock: :?: It's a joke. Google tracks everything and everybody, everywhere. Perhaps they don't have a hook into you but they know more about most people than those people are aware of.
by spammagnet
Fri Jun 16, 2017 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4845

Re: Do You Take Your Credit Card Receipts?

AlwaysBeClimbing wrote:... provide a quick record of where you were on a specific day&time, ...

No receipt needed. Just ask Google. :shock:
by spammagnet
Fri Jun 16, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4845

Re: Do You Take Your Credit Card Receipts?

MrNewEngland wrote:Nope, not unless there's potential that I may return and item or something like that.

I don't balance my books and I am borderline compulsive about how often I check my accounts online and I pay off my bills a couple times a week.

Borderline? :wink:
by spammagnet
Fri Jun 16, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4845

Re: Do You Take Your Credit Card Receipts?

No, I check my credit card statement periodically to see if there are no unwanted charges. I have a few box of tiles for my kitchen floor from Home Depot that are spare. I did not keep the receipts. I suppose that there is a record of them on my statement. I'll just keep them in my garage - maybe u...
by spammagnet
Fri Jun 16, 2017 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4845

Re: Do You Take Your Credit Card Receipts?

I've found an interesting way to deal with that. I tip using an algorithm, so if I scan the credit card bill I can figure out if there is any mickey mouse. So if I decide my total bill will be around 23 dollars. I add 2+3= and make it $23.05, $51 would be 5+1= $51.06, granted some numbers will repe...
by spammagnet
Wed Jun 14, 2017 7:39 am
Forum: Investing - Theory, News & General
Topic: Excel Solver for Portfolio Rebalancing across Multiple Accounts
Replies: 24
Views: 2770

Re: Excel Solver for Portfolio Rebalancing across Multiple Accounts

DW and I have 10 retirement accounts between us. The choices available within them vary widely, as do the ERs. I created a spreadsheet that calculates the aggregate asset allocation and ER. There are too many variables to calculate automatically (or, at least, for me to devise a way) so it involves ...
by spammagnet
Mon Jun 12, 2017 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 252
Views: 16872

Re: KF's Worst Case Retirement Plan [KlangFool's]

KlangFool wrote:... I know I am. I do not know why others think that I am spending very little money.

I suspect many are not recognizing that you're not including housing in your expenses.
by spammagnet
Thu Jun 08, 2017 7:40 am
Forum: Personal Finance (Not Investing)
Topic: How often do you redeem your credit card cash rewards?
Replies: 54
Views: 2964

Re: How often do you redeem your credit card cash rewards?

Gropes & Ray wrote:Mine are automatically applied to my balance once they hit $25.

+1
by spammagnet
Wed Jun 07, 2017 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting
Replies: 47
Views: 3131

Re: Budgeting

I use the now-discontinued Microsoft Money, which is free these days , because I have about 25 years worth of financial history in it. I did, but don't now, use its budgeting functionality. For my purposes its Bill Summary combined with its Cash Flow Forecast (I've manipulated it not really to be c...
by spammagnet
Mon Jun 05, 2017 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Off HELOC - Close Credit Line?
Replies: 9
Views: 819

Re: Paying Off HELOC - Close Credit Line?

If there is value in keeping it open, explore whether the annual fee can be defrayed by activity. We had a HELOC with a credit union that had no annual fee as long as we moved a little money around. The interest of the small balance we withdrew was modest, far less than the annual fee, and there was...
by spammagnet
Mon Jun 05, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 252
Views: 16872

Re: KF's Worst Case Retirement Plan [KlangFool's]

Average life expectancy in US is 78 years ... According to the Social Security administration, once you get to retirement age range, life expectancy is in the mid-80's. That doesn't invalidate your statement but does revise the target a bit. SSA Actuarial Life Table (2013) Age Life Expectancy (roun...
by spammagnet
Mon Jun 05, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Power percentage: A more effective metric of financial performance than savings rate?
Replies: 47
Views: 3278

Re: Power percentage: A more effective metric of financial performance than savings rate?

KlangFool wrote:This power percentage creates an illusion to all those "House Poor" people that they are doing very well. But, most of their "savings" is in the house. Hence, it does not take much to blow this "House of Cards" down.

Good point
by spammagnet
Sun Jun 04, 2017 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Power percentage: A more effective metric of financial performance than savings rate?
Replies: 47
Views: 3278

Re: Power percentage: A more effective metric of financial performance than savings rate?

... Something he mentions quite often is a metric he devised: power percentage. I've not been able to find this metric discussed anywhere yet on this forum. "Begin by adding up the following monthly activities: ...." Simplified, it's the change in your net worth divided by your gross inco...
by spammagnet
Sun Jun 04, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: I spend 6.1% of my Gross income on rent
Replies: 80
Views: 10296

Re: I spend 6.1% of my Gross income on rent

Just a note: this was a 2013 thread recently bumped. If you want to ask a question of a member on one of the 2013 posts, you might want to check if that person is still active these days. Interesting topic, though. Someone else bumped it. I recognized that when I replied. Mine was a generic questio...
by spammagnet
Fri Jun 02, 2017 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: I spend 6.1% of my Gross income on rent
Replies: 80
Views: 10296

Re: I spend 6.1% of my Gross income on rent

WendyW wrote:... On the plus side, unlike most low-rent U.S. cities, you don't need to own a car there, which frees up a big chunk of income.

Off topic, but are the costs of a vehicle (ignoring absurd NYC parking rates) not substantially offset by the cost of public transportation, taxis, Uber, etc.?
by spammagnet
Thu Jun 01, 2017 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 2388

Re: Do you have a bucket to pay your mortgage or pay from core?

What benefit do you get out of having a separate checking account just for the mortgage? Is it not easier to just allocate a single checking account to the different purposes outlined in your budget? Do you have a budget? If not, try YNAB.
by spammagnet
Wed May 31, 2017 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 5801

Re: Senility: How do you plan on protecting your money when you lose your mental capacities?

...Another recommendation from a different book: have one child (or other responsible person) taking care of bills, with access to your accounts, of course. A different family member has read-only access to the accounts. If you trust both relatives, they get along, they understand your wishes and a...
by spammagnet
Sat May 27, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 74
Views: 8411

Re: When does Saving become missing out on life?

Something I've personally been struggling with lately, when does saving become obsessive? A way to make yourself comfortable with your savings rate is to project your current assets, savings and growth rate forward to your desired retirement date. Using information available on this web site and th...
by spammagnet
Sat May 27, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 74
Views: 8411

Re: When does Saving become missing out on life?

KlangFool wrote:If you save 30+% of your gross income, you save enough. You could spend the rest.

KlangFool, when calculating that rate, do you include (vested?) employer defined contributions as part of gross income?
by spammagnet
Wed May 24, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Company "Case Manager"
Replies: 15
Views: 1499

Re: Health Insurance Company "Case Manager"

I believe it has been shown that case managers improve follow-up and compliance with the prescribed regimen, which improves outcome. That is particularly true for acute episodes of chronic health problems. The benefits to the insurance company intersect with the benefits to you, despite their possib...
by spammagnet
Mon May 22, 2017 11:35 pm
Forum: Personal Consumer Issues
Topic: Has anyone tried Orangetheory Fitness
Replies: 45
Views: 4198

Re: Has anyone tried Orangetheory Fitness

I was interested in OTF and went to my local studio to chat with them (I didn't know it at the time, but there were no classes for several hours). When I asked if they blast music at deafening volumes--to call that a "pet peeve" of mine would be a dramatic understatement--both the manager...
by spammagnet
Mon May 22, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: grandparents estate planning issues
Replies: 9
Views: 1354

Re: Advice: grandparents estate planning issues

There are lots of pitfalls to this. I suggest you contact an eldercare attorney ASAP. +1 My Dad recently engaged an elder care attorney to create a trust and take other steps related to his wife requiring assisted living. Based solely on the financial benefits I can objectively say the services ren...
by spammagnet
Sun May 21, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: grandparents estate planning issues
Replies: 9
Views: 1354

Re: Advice: grandparents estate planning issues

There are lots of pitfalls to this. I suggest you contact an eldercare attorney ASAP. +1 My Dad recently engaged an elder care attorney to create a trust and take other steps related to his wife requiring assisted living. Based solely on the financial benefits I can objectively say the services ren...
by spammagnet
Sat May 20, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Nothing else to do investment wise!
Replies: 23
Views: 3475

Re: Nothing else to do investment wise!

Jack FFR1846 wrote:Tradelines: The definition of passive income.

Tradelines? Wazzat? (Yes, I searched. I didn't find anything that helped me.)

A PM or new thread may be polite to avoid hijacking the thread.
by spammagnet
Fri May 19, 2017 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Missing my Microsoft Money - any equivalents?
Replies: 34
Views: 4159

Re: Missing my Microsoft Money - any equivalents?

Does anyone have experience migrating from a recent version of Quicken back to MS Money Sunset? I want to play with Money + python scripts to see if that's a reasonable alternative to Quicken.

Thanks
by spammagnet
Fri May 19, 2017 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Cars policy/timing for teens/young adults
Replies: 22
Views: 1378

Re: Cars policy/timing for teens/young adults

jharkin wrote:Yep, call me a luddite but when my kids hit 16 I'm going to buy a beater with a manual gearbox and teach them on that.

Some friends did that with their daughter. They never had a concern about some other kid driving the car without the parent's knowledge.
by spammagnet
Thu May 18, 2017 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to dispose of household effects (estate sale?)
Replies: 21
Views: 2752

Re: How to dispose of household effects (estate sale?)

ItsDeductibleOnline may help with inventory, if not using professional services.
by spammagnet
Thu May 18, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Cars policy/timing for teens/young adults
Replies: 22
Views: 1378

Re: Cars policy/timing for teens/young adults

jharkin wrote:... The best 'safety feature' you can buy those kids is a real defensive driving course ...

That is also likely to result in lower insurance rates. Not a lot compared to the increase you'll suffer but any discount is good.
by spammagnet
Thu May 18, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Cars policy/timing for teens/young adults
Replies: 22
Views: 1378

Re: Cars policy/timing for teens/young adults

We bought 3 year old mid-range economy cars that had all safety features reasonably available at the time. (Side curtain air bags, ABS, etc.) My rationale was that I could buy them (safety features), therefore I should not not buy them. We consulted with our insurance provider as to the increase in ...
by spammagnet
Thu May 18, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Not sure where we stand for our age and situation
Replies: 3
Views: 846

Re: Not sure where we stand for our age and situation

You're doing well. Keep it up and protect what you have. Accumulate a financial emergency fund. Things can go south in your financial world for reasons outside your control. If you have some cash on hand as a buffer you can survive without losing all the work you've put into what you have. Without i...
by spammagnet
Wed May 17, 2017 6:56 am
Forum: Personal Finance (Not Investing)
Topic: How to stay on a budget?
Replies: 31
Views: 3411

Re: How to stay on a budget?

What I personally find is the harder I track every expense, the harder I try to save more, the more unexpected expenses come up. I wish I were joking ..... :annoyed Consider making your categories more general, decreasing granularity. Be less rigid about specific items as long as you're making big-...
by spammagnet
Mon May 15, 2017 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance in older age?
Replies: 12
Views: 1699

Re: Term life insurance in older age?

My wife and I needed pension and SS loss protection in our late 50s and 60s if one of us passes early. ... That's what I'm hoping to protect against. ... So I suggest you investigate buying term insurance or converting your existing term policy to a whole life from a existing term policy. ... I che...
by spammagnet
Sun May 14, 2017 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance in older age?
Replies: 12
Views: 1699

Re: Term life insurance in older age?

The point of ESP's insurance recommendations is that you everything is at your disposal for spending at a consistent rate. If your partner dies and some income dies with them, the life insurance amount is calculated to exactly replace the lost income, to the extent necessary to maintain the same sta...
by spammagnet
Sun May 14, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance in older age?
Replies: 12
Views: 1699

Re: Term life insurance in older age?

I wonder about 2 things: 1. Does the calculation take in consideration that expenses should decrease? Yes. It applies economies of scale. It takes into account the fact that, for the survivor to maintain the same lifestyle, it costs a little more on a per-person basis. 2. Can other things be consid...
by spammagnet
Sun May 14, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance in older age?
Replies: 12
Views: 1699

Re: Term life insurance in older age?

ADD: I just reread your post... is there some income you are generating that will go away when / if you pass? Same question for your wife. ESP determines income attributable to each party, such as annuities, pensions, etc. If one party dies, that changes. It may stop completely, or maybe decrease, ...
by spammagnet
Sat May 13, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance in older age?
Replies: 12
Views: 1699

Term life insurance in older age?

Hello. I'm nearing retirement and use ESPlanner for financial projections. I'm well versed in how it works and am confident in its calculations. I'm puzzled, though, as to whether some of them are practical. One of the data points generated is recommended life insurance levels. The amount is based o...
by spammagnet
Sun Apr 30, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Planning impact your job performance?
Replies: 68
Views: 7176

Re: Does Retirement Planning impact your job performance?

Understanding that this is not an option for everyone -- I went to my boss and said "I can either continue to work full-time and retire in six months or I can go to 3 days a week and retire in 14 months. Any preference?" She preferred the 14 months, slightly, so that is what I did once I ...
by spammagnet
Sat Apr 29, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Which High-Yield Online Savings Account Should I Open?
Replies: 72
Views: 7415

Re: Which High-Yield Online Savings Account Should I Open?

aj76er wrote:... (I think Ally has a limit on the number of transactions per month). ...

6 per month in savings accounts. I may be mistaken, but I believe that's determined by federal regulation? If true, all banks have the same restriction.
by spammagnet
Sat Apr 29, 2017 11:02 pm
Forum: Personal Consumer Issues
Topic: Opinions on Invisalign & can I afford it?
Replies: 4
Views: 1024

Re: Opinions on Invisalign & can I afford it?

I had regular braces as a kid, decades ago. Because my yet shifted over time, I had them again on my lower teeth a couple of years ago. I intended to have Invisalign braces but was informed I have to pay for upper and lower, even though I needed only lower. That's on top of the fact that Invisalign ...
by spammagnet
Sat Apr 29, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital transaction history
Replies: 9
Views: 1358

Re: Personal Capital transaction history

EHEngineer wrote:Not sure about personal capital. I have been using mint 8+ years and it's all there.

What level of detail does Mint store?
by spammagnet
Wed Apr 26, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 24
Views: 1437

Re: Refinance student loan to Earnest?

Goal33 wrote:I'd just put that amount on 0% interest credit cards. ...

If you can pay it off without risk before the discount expires, sure. But the OP describes a 5 year payoff as a stretch goal. I doubt the 0% lasts that long.
by spammagnet
Wed Apr 26, 2017 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 24
Views: 1437

Re: Refinance student loan to Earnest?

Can student loans be refinanced at will? I was under the impression they can be refinanced and/or consolidated only once. It makes sense that you can only consolidate once but are there limits on refinance?
by spammagnet
Wed Apr 26, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 24
Views: 1437

Re: Refinance student loan to Earnest?

I don't have experience with student loans but I assume they can be paid off early and there is a financial benefit for doing so. If true, and if the interest penalty for longer terms is small as you suggest, consider a longer term loan, not "pushing" to make payments on a shorter loan. Th...
by spammagnet
Tue Apr 25, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Software Quicken 2017 Online Version or PC based] , Personal Capital, Mint, or QuickBooks?
Replies: 13
Views: 1222

Re: Personal Finance Software Quicken 2017 Online Version or PC based] , Personal Capital, Mint, or QuickBooks?

Quicken has not acquired Mint as far as I know. Intuit acquired both Quicken and Mint, but, Intuit plans to sell (or has sold) Quicken. Intuit developed Quicken and later developed QuickBooks. After acquiring TurboTax and Mint, Quicken shrank to a small part of their business. They spun it off last...
by spammagnet
Tue Apr 25, 2017 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Software Quicken 2017 Online Version or PC based] , Personal Capital, Mint, or QuickBooks?
Replies: 13
Views: 1222

Re: Personal Finance Software Quicken 2017 Online Version or PC based] , Personal Capital, Mint, or QuickBooks?

I would appreciate hearing about Bogleheads experiences using personal financial software. Consider a combination of Mint and PC. Both are free. Nothing requires that you give PC all of your accounts. I set up only my investments accounts to get the better investment analysis available there. You d...
by spammagnet
Tue Apr 25, 2017 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 113
Views: 9414

Re: Why is Real-Estate so Bad?

What kind of hit would be reasonable to expect on your monthly rental income from these holding expenses? Not being a RE investor I can't answer your questions. But, to compare apples-to-apples, you should evaluate the RE investment cash flow as though managed by a property management firm, with th...
by spammagnet
Tue Apr 25, 2017 6:55 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 113
Views: 9414

Re: Why is Real-Estate so Bad?

tomer755 wrote:Is there anyway to estimate what kind of dividend payment I should be receiving Quartarly based on that chart and the amount I have invested?

Do you need dividends? Or are you looking for a way to compare your non-RE investment to your relatives' recommended investment in RE?
by spammagnet
Mon Apr 24, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Checking Account - Fidelity CMA vs. Schwab?
Replies: 31
Views: 2077

Re: Joint Checking Account - Fidelity CMA vs. Schwab?

Jags4186 wrote:Fidelity sends your money to BNY Mellon.

The name of the bank associated with my CMA is UMB, Missouri. Not sure how the bank is selected by Fidelity.
by spammagnet
Mon Apr 24, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Joint Checking Account - Fidelity CMA vs. Schwab?
Replies: 31
Views: 2077

Re: Joint Checking Account - Fidelity CMA vs. Schwab?

Chip wrote:Hmm. I've always paid 1% when using mine outside of the US. It's not a separate fee, but is baked into the exchange rate.

CapitalOne may be a better card for international travel: 1.5% rebate, no (explicit) fee. Perhaps they stick you on that exchange rate, as well?

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