Search found 251 matches

by MnyGrl
Mon Jul 22, 2019 1:17 pm
Forum: Personal Investments
Topic: Retirement funds - 250K FDIC limit and 401K question
Replies: 4
Views: 564

Re: Retirement funds - 250K FDIC limit and 401K question

mhalley wrote: Mon Jul 22, 2019 1:11 pm That’s why disability insurance is key. You are 3 times as likely to become disabled as to die before retirement.
I do have disability insurance. Thanks!
by MnyGrl
Mon Jul 22, 2019 1:01 pm
Forum: Personal Investments
Topic: Retirement funds - 250K FDIC limit and 401K question
Replies: 4
Views: 564

Re: Retirement funds - 250K FDIC limit and 401K question

The fdic limit is for cds and cash in bank accounts. Unless you have your money all in one cd then don’t worry about it. SIPC applies to brokerage accounts. Are you sure it was about fdic limits? Is your 401k a solo 401k? If so, there is a requirement for tax forms when it exceeds 250k. . If, at the end of the year, the total assets in your solo 401(k) are worth less than $250,000, you need make no annual tax filings of any kind with the IRS. However, an annual tax filing is required if the total balance of your plan exceeds $250,000 at the end of the year. The filing deadline is July 31. https://www.nolo.com/legal-encyclopedia/the-rules-filing-irs-form-5500-your-solo-401k-plan.html If the old 401k is high fee, roll it to your current 401k...
by MnyGrl
Mon Jul 22, 2019 10:00 am
Forum: Personal Investments
Topic: Retirement funds - 250K FDIC limit and 401K question
Replies: 4
Views: 564

Retirement funds - 250K FDIC limit and 401K question

Hi,

I have a Fidelity account with an IRA and a 401K account (for my current company) in it. The total assets are nearly 250K, all in my name. I received an email saying that I needed to be aware of the 250K limit for FDIC coverage. Can someone explain what I need to do?

Also, I have an old 401K with about 100K in it. The fees are moderately high. Is there any advantage in keeping this money in a 401K, or should I roll it over to an IRA?

For context, I am divorced, 48, and sole earner with kids. It is possible that at some point I might need to pull a little money out of investments in an emergency (for example, job loss).

Thanks!
by MnyGrl
Thu Jun 20, 2019 2:39 pm
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 128
Views: 13464

Re: How to avoid high vet bills?

A few things to try:

1. Many animal shelters offer low-cost vaccinations. Just keep the vaccination record and give a copy to vet for their file.

2. For dogs, adopt or buy a mixed-breed - they are healthier on average.

3. Shop around for vets. If you have Consumer Checkbook for your area, that is a good resource to see both quality and price ratings, online or in the library.
by MnyGrl
Thu Jan 24, 2019 12:07 pm
Forum: Personal Consumer Issues
Topic: Victim of my own success! How to deal with a complex life?
Replies: 103
Views: 11211

Re: Victim of my own success! How to deal with a complex life?

I have nothing of consequence to add--your title just reminded me of dialogue in the movie Broadcast News:

Tom Grunnick:
What do you do when your real life exceeds your dreams?

Aaron Altman:
Keep it to yourself.

:D
by MnyGrl
Thu Jan 24, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: How does grandparent pay taxes from babysitting income?
Replies: 12
Views: 8047

Re: How does grandparent pay taxes from babysitting income?

bengal22 wrote: Thu Jan 24, 2019 10:59 am Grandparents getting paid to babysit grandkids. What a concept.
I'm assuming this is fairly substantial child care (for example, staying with young kids 9-5 so both parents can work), not just occasional babysitting.
by MnyGrl
Tue Jan 22, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 146
Views: 13598

Re: Grocery shopping strategy

I was a big Aldi shopper until about 8 months ago. That is when I first tried free grocery pickup/delivery and it is nearly all we do now. Our local Kroger affiliate in particular has great online coupons for pickup customers only and is now our go-to grocery vendor (and I have never even been in the store, only done free pickup). With the online coupons it is comparable to Aldi pricewise I'd say, and in our case is much closer than Aldi. The time savings mean more time for the gym for me which is kind of an extra "savings" through better health. We are a large family with young kids, upper 30s, for what it's worth. Best, ICM Aldi now has delivery. I haven't tried it since there is an Aldi within a mile from me, but you may want ...
by MnyGrl
Tue Jan 15, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Furloughed Fed Employee - How to make best use of time
Replies: 60
Views: 7158

Re: Furloughed Fed Employee - How to make best use of time

I am a fed contractor and while waiting to return to work, I'm trying to do home projects that I would normally have to do on the weekends - cleaning out, donating, painting, putting up curtain rods, that kind of thing.

I'm poor, but my house looks fabulous!
by MnyGrl
Tue Jan 15, 2019 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Govt contractors what would you do
Replies: 7
Views: 1408

Re: Govt contractors what would you do

I'm a fed contractor for a small company close to DC. Since our customer is closed due to the shutdown, my employer chose to do a temporary layoff for all of us on the contract starting Jan 1, allowing us to file for unemployment. We are receiving nothing from the company this month, and have to send them a check soon for our portion of health insurance for January.

I'm worried that my company won't survive a multi-month shutdown. I'm applying for other jobs, since who knows how long this shutdown will last?
by MnyGrl
Sun Jan 06, 2019 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone affected by the government shutdown?
Replies: 35
Views: 3514

Re: Anyone affected by the government shutdown?

TheHouse7 wrote: Sun Jan 06, 2019 8:10 pm Sorry about my ignorance, once the shutdown is over won't everyone get paid in full for "working for free"?
'Government employees will get back pay if Congress and Trump sign off on it.
Government contractors don't get paid if they don't work.
by MnyGrl
Sun Jan 06, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone affected by the government shutdown?
Replies: 35
Views: 3514

Anyone affected by the government shutdown?

I'm a government contractor and we are going into the third week of the shutdown. Our company just temporarily laid off everyone on my contract. We still have our health insurance in place, but they have frozen our leave so we won't receive pay from Jan 2 until the government opens again. I just applied for unemployment but have no idea how it works. Luckily I have savings but lots of people in the DC area are having a hard time.

Has anyone else been dealing with this?
by MnyGrl
Thu Nov 15, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Interested in filing my own taxes
Replies: 9
Views: 1353

Re: Interested in filing my own taxes

neoptolemus412 wrote: Wed Nov 14, 2018 12:00 pm I would recommend turbotax. The full version is likely unnecessary as the online would cover your needs. CreditKarma tax would also cover your needs. I've used both and would say they are very straightforward products for those taking standard deductions with little to no complexity in their annual filings.
+ 1. Turbotax makes it easy to figure out your dependent/homeowner issues.
by MnyGrl
Wed Nov 14, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: Garmins & Fitbits: Worth it for non-athletes?
Replies: 43
Views: 3763

Re: Garmins & Fitbits: Worth it for non-athletes?

Thanks so much for all your replies. I am leaning towards the Garmin VivoSmart--it gets good reviews and is around $80.

Like many of you, I'm not an athlete but need reminders to get up from my desk and move around. I'm pretty sure I take the 10,000 recommended steps a day, but it would be motivating to see that on a screen and "get credit" for them. :D
by MnyGrl
Tue Nov 13, 2018 2:42 pm
Forum: Personal Consumer Issues
Topic: Garmins & Fitbits: Worth it for non-athletes?
Replies: 43
Views: 3763

Garmins & Fitbits: Worth it for non-athletes?

If you have one of these and you are not running marathons or otherwise using it to measure performance, have you found it useful? I would like to keep better track of my daily activity as well as sleep patterns.

From past Boglehead posts, it looks like Garmins are the way to go. Any recommended models? Probably would not spend over $100.

Thanks!
by MnyGrl
Thu Nov 01, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: How would you proceed?--car accident
Replies: 22
Views: 2316

Re: How would you proceed?--car accident

Since he was irate, he probably thinks you sped up to prevent him from getting in your lane to make his turn; this will be his only defense. So his company will take on the "no fault" fight with your side. Depends on rules and regs in your area of course. Will be interesting to see how it turns out so let us know. If the other driver was intent on lying he would likely say that OP was distracted and drifted into his lane. Sounds like a commercial driver so he probably knows enough about the rules of the road to lie effectively in this situation if he chose to. But the location of the damage in his truck's blind spot combined with the OP's photos should shut that down quickly. Speeding up to block a merge is not illegal in any sta...
by MnyGrl
Thu Nov 01, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: How would you proceed?--car accident
Replies: 22
Views: 2316

Re: How would you proceed?--car accident

Kenkat wrote: Wed Oct 31, 2018 6:40 pm Did the police cite the other driver? In Ohio, police will typically issue a citation to the driver they consider at fault if it is clear from the accident scene. This is good ammunition in a dispute.
This was in Virginia--the police said that they only do an official report if there is a certain amount of damage or if there are injuries.

I Googled the guy and he is the owner of the company, but the company has only been in business for a few months. He is from another state.
by MnyGrl
Wed Oct 31, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: How would you proceed?--car accident
Replies: 22
Views: 2316

Re: How would you proceed?--car accident

dm200 wrote: Wed Oct 31, 2018 3:05 pm
123 wrote: Wed Oct 31, 2018 3:05 pm I think you are better off having been hit by a commercial vehicle than a passenger vehicle. When our vehicle was damaged by a commercial truck it was resolved very easily and quickly (as long as there is no personal injury involved).
I tend to agree with this.
That is good news. It was a commercial truck (small car carrier trailer attached).
by MnyGrl
Wed Oct 31, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: How would you proceed?--car accident
Replies: 22
Views: 2316

Re: How would you proceed?--car accident

I was involved in a car accident on my way home from work yesterday. I was in right lane, a truck was in left lane, and the trailer ran into my left front end as they seemed to be trying to get into my lane so as not to miss a right turn. :oops: I have clear pictures that show the truck on my left coming into the right lane and hitting my car. I do not have witnesses since the driver was so volatile I was afraid to get out of my car. I called the police and they had us fill out forms to exchange information. I called my insurance company (Erie) and recorded a brief interview; they said it was fine to talk to other insurance company (Progressive) so I talked with them briefly. There were no injuries to either of us. His trailer was not dama...
by MnyGrl
Wed Oct 31, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: How would you proceed?--car accident
Replies: 22
Views: 2316

How would you proceed?--car accident

I was involved in a car accident on my way home from work yesterday. I was in right lane, a truck was in left lane, and the trailer ran into my left front end as they seemed to be trying to get into my lane so as not to miss a right turn. :oops: I have clear pictures that show the truck on my left coming into the right lane and hitting my car. I do not have witnesses since the driver was so volatile I was afraid to get out of my car. I called the police and they had us fill out forms to exchange information. I called my insurance company (Erie) and recorded a brief interview; they said it was fine to talk to other insurance company (Progressive) so I talked with them briefly. There were no injuries to either of us. His trailer was not damag...
by MnyGrl
Tue Oct 16, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Carefirst PPO, POS, and HMO -- best choice for healthy?
Replies: 3
Views: 699

Re: Carefirst PPO, POS, and HMO -- best choice for healthy?

I can offer a guiding principle, which is to consider two types of characteristics to any health plan: 1) network, and 2) the financials (e.g. premiums, deductibles etc...). For someone healthy, on point #2 very well might make sense to go bare-bones e.g. high deductible. But you don't necessarily want to scrimp on #1 network strength even if healthy. In the rare event you need something big (e.g. rebuild a mangled hand, cancer treatment) you want the flexibility to choose your own doctor (still subject to constraints of the network). An HMO for example will typically be more constrained as you have to coordinate through the primary doctor. This is a long way of saying I'd recommend a plan that 1) has a strong network / flexibility such as...
by MnyGrl
Tue Oct 16, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Carefirst PPO, POS, and HMO -- best choice for healthy?
Replies: 3
Views: 699

Carefirst PPO, POS, and HMO -- best choice for healthy?

Hi,

I have been signing up for the BCBS Carefirst PPO plan through my company for the past few years. My portion is about $525/mo., pre-tax, for individual coverage.

I am very healthy (so far) - I rarely go to the doctor. I do get a yearly physical, but probably only go about once or twice a year other than that.

I am thinking of trying the HMO option since I so rarely use medical care and would really only be relying on insurance for a catastrophic event. The cost savings would be substantial.

Any experience with any of these plans? Or perspectives? Thanks!
by MnyGrl
Thu Oct 11, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Pls help us design our family life!!!
Replies: 42
Views: 6179

Re: Pls help us design our family life!!!

Hi,

I think most working moms would love a 9-2 job. I don't know what you do, but have you investigated whether this is realistic for your profession? Are you planning on working part time indefinitely or for a certain amount of time?

I live on a lot less than you do, but I save quite a bit more, and live in a HCOL area as well. Are you sure you've cut all the fat in your budget? I'm not sure that people can give good advice without knowing your monthly expenses. With such an expensive house it will be tough to live just on husband's income.
by MnyGrl
Wed Sep 19, 2018 2:25 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 15560

Re: Can Sneakers go with Business Casual?

Does your boss wear sneakers? If not, I wouldn't.
by MnyGrl
Wed Sep 19, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Single Family Homes in Chicago?
Replies: 33
Views: 4771

Re: Single Family Homes in Chicago?

Bfwolf wrote: Sun Sep 16, 2018 1:07 am I think all of this advice is irrelevant until OP says whether he has kids or not. I'm guessing he does not.
+1. It would be odd to mention your dogs and not your kids. I guess the kids would know where they stand. :D
by MnyGrl
Thu Sep 06, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 7713

Re: To Be or Not to Be...Married

gazelle1991 wrote: Thu Sep 06, 2018 3:13 pm
barnaclebob wrote: Thu Sep 06, 2018 2:04 pm What is your income and net worth?
I make about $180K all in. Networth about $500-$600K
He makes about $60K. Networth -$200K due to the student loan.
That is a fairly large income discrepancy - you're a high earner and he is not. You also seem to have a lot of other assets. How old are you?

Is your reluctance also about being the primary "breadwinner"? If you are making most of the money it will be hard for you to stay home with kids (if that is what you want) unless you keep your expenses low.
by MnyGrl
Thu Sep 06, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 7713

Re: To Be or Not to Be...Married

"Getting it done"? So romantic. :D
by MnyGrl
Thu Sep 06, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Sell our new home to downsize
Replies: 37
Views: 4545

Re: Sell our new home to downsize

stan1 wrote: Wed Sep 05, 2018 6:53 pm
RegDunlopCPA wrote: Wed Sep 05, 2018 4:41 pm In our HCOL area it would not work to drop 50% of our income and find a home cheap enough that isn't 2 hrs commute from my office.
It's all perspective, but those of us who actually do live in HCOL areas and would have to pay $750K-1M to get into a home in a "good enough" school district often on salaries that aren't twice as big as yours would be very happy to have such a home for $430K. To us you are definitely in a MCOL area.
+1. In my area a large 4 bedroom house, new construction, costs a million or more.
by MnyGrl
Wed Sep 05, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: MINT Software Or Other For Budgeting/Tracking
Replies: 20
Views: 2673

Re: MINT Software Or Other For Budgeting/Tracking

I have used Mint for years. If you feel uncomfortable entering account numbers for your investment accounts, know that you don't have to. You can enter each one as property in Mint, then just update them manually every once in a while. I just go in once a month and update the numbers.

You can also name the accounts anything you want, so no one can get any sensitive information from you. Your Fidelity IRA could be named anything - just call it "F-IRA" or whatever you like.

I have my checking account and a couple of credit cards actually hooked up to Mint so I can see the transactions, but since I keep very little in checking I don't see it as a huge issue.
by MnyGrl
Tue Jul 31, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 201
Views: 19663

Re: Joint Ownership of home with second wife

You have received a lot of good advice. The current thinking regarding remarriage is that your spouse should not be expected to love your kids, but should play the role of aunt or uncle--friendly, supportive, not overly disciplinary. Is she kind and respectful to your kids? If you are planning to have additional kids with her, will she treat the two sets of kids differently? Given her current tendency not to contribute to your family life, it's very likely, and that's awful to contemplate. My main concern is less financial than for the welfare of your kids. I recommend reading the book "Stepcoupling" (https://www.amazon.com/gp/product/0609807412/ref=oh_aui_search_detailpage?ie=UTF8&psc=1) for a very frank look at the issues th...
by MnyGrl
Mon Jul 30, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 201
Views: 19663

Re: Joint Ownership of home with second wife

Second marriages, and especially those that involve kids, have a high failure rate. Really recommend premarital counseling. So many red flags here indicate that she is not terribly happy about the presence of your children in her life, and that will make both you and your children miserable. When you go to restaurants, will she pay just for her meal and you pay for the kids and yourself? It sounds like she is asking that you pay their "rent" since they take up more space. If she has a lot more disposable income and buys frivolous stuff while you are paying all the house expenses, won't that make you resentful? Kids know when they are not wanted, and she does not sound like she wants your kids around at all. Are you willing to risk...
by MnyGrl
Mon Jul 30, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 15382

Re: Cash flow problems - best way to handle?

BuckyBadger wrote: Fri Jul 27, 2018 1:18 pm Congratulations! That's great news!! I remember this thread vividly. Thanks for sticking with it through the negativity.
Thanks!
by MnyGrl
Mon Jul 30, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 15382

Re: Cash flow problems - best way to handle?

<snip> I wanted to give an update: I received a promotion today - basically a new job has been created for me. It will be significantly more money and moves me up the ladder in a big way. I love my workplace and the people here, and I am so grateful that they are making it financially possible for me to stay, as I was considering a move next year just to get a pay bump. Best of all, it has been a very uneventful summer and not only have I not needed to dip into savings at all, but have been able to build up more savings. So I'm in good shape heading into the fall. Again, thanks to all who offered help and supportive words! :sharebeer I am seeing this post for the first time today: CONGRATULATIONS! :sharebeer How nice to read about your pro...
by MnyGrl
Mon Jul 30, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 15382

Re: Cash flow problems - best way to handle?

Hi, I wanted to thank everyone who responded to this thread in April. I received many good ideas and have them all listed on my phone, in case they need to be implemented. I got one of the Fidelity VISA cards with 0% interest in case I needed to float anything during the summer, but haven't used it at all. I wanted to give an update: I received a promotion today - basically a new job has been created for me. It will be significantly more money and moves me up the ladder in a big way. I love my workplace and the people here, and I am so grateful that they are making it financially possible for me to stay, as I was considering a move next year just to get a pay bump. Best of all, it has been a very uneventful summer and not only have I not n...
by MnyGrl
Mon Jul 30, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 15382

Re: Cash flow problems - best way to handle?

Hi, I wanted to thank everyone who responded to this thread in April. I received many good ideas and have them all listed on my phone, in case they need to be implemented. I got one of the Fidelity VISA cards with 0% interest in case I needed to float anything during the summer, but haven't used it at all. I wanted to give an update: I received a promotion today - basically a new job has been created for me. It will be significantly more money and moves me up the ladder in a big way. I love my workplace and the people here, and I am so grateful that they are making it financially possible for me to stay, as I was considering a move next year just to get a pay bump. Best of all, it has been a very uneventful summer and not only have I not n...
by MnyGrl
Mon Jul 30, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 15382

Re: Cash flow problems - best way to handle?

I’m also appalled by some of the responses on this thread. There is also an underlying insensitively to many of them. Op is in great shape because she has a career but there is a reason that the majority of households living at the poverty level are headed by women . There are many threads giving working moms flack but if OP didn’t have job skills, her and her kids would be in a very tough situation. Op, look again at the college costs agreement in your divorce decree. It sounds like how much you put in a month may be flexible as long as you hit a total dollar amount? If so, given your career plans for the next 2 years that is an easy place to cut. Again, a mini fridge and renting that room over the summer to a graduate student might be a ...
by MnyGrl
Fri Jul 27, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 5824

Re: Decision for Stay at Home Wife?

+1 for stay at home mom. Outsourcing your job of taking care of the kids is something you will regret. We as a society will pay dearly for abaonsong kids the way many do. In fact, we already are. -TheDDC Working is not abandoning your kids. For the majority of the time of the history of not only this country, we saw a benefit in having kids raised by parents. And guess what? It worked pretty well. Kids know when a parent chooses them versus work. Try and convince them otherwise and see how that works. -TheDDC I suppose I should take off my shoes and get into the kitchen again, huh? This is an insane thing to accuse working parent of and you should stop doubling down on it. This also isn't the purpose of this thread. Wait, what were you doi...
by MnyGrl
Fri Jul 27, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 5824

Re: Decision for Stay at Home Wife?

There may be a benefit, but 40 percent of moms are the breadwinners in their families. What would you have them do? "Moms" of kids of what age? Under 5? Wouldn't that impact the decision? -TheDDC So you're saying that for those 40 percent of women who are breadwinners for their families, they should quit their jobs until all their children are of school age? Who will pay their expenses? We seem to have no problem arguing providing for kids after they have flown the coop and are attending college. I don't think it would be much of a stretch to apply that same line to supporting kids before they have even started school by having one parent not dependent on the income during those few years. -TheDDC Since you have decided not to ad...
by MnyGrl
Fri Jul 27, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 5824

Re: Decision for Stay at Home Wife?

For the majority of the time of the history of not only this country, we saw a benefit in having kids raised by parents. And guess what? It worked pretty well. Kids know when a parent chooses them versus work. Try and convince them otherwise and see how that works. -TheDDC There may be a benefit, but 40 percent of moms are the breadwinners in their families. What would you have them do? "Moms" of kids of what age? Under 5? Wouldn't that impact the decision? -TheDDC So you're saying that for those 40 percent of women who are breadwinners for their families, they should quit their jobs until all their children are of school age? Who will pay their expenses? We seem to have no problem arguing providing for kids after they have flown...
by MnyGrl
Fri Jul 27, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 5824

Re: Decision for Stay at Home Wife?

+1 for stay at home mom. Outsourcing your job of taking care of the kids is something you will regret. We as a society will pay dearly for abaonsong kids the way many do. In fact, we already are. -TheDDC Working is not abandoning your kids. For the majority of the time of the history of not only this country, we saw a benefit in having kids raised by parents. And guess what? It worked pretty well. Kids know when a parent chooses them versus work. Try and convince them otherwise and see how that works. -TheDDC I suppose I should take off my shoes and get into the kitchen again, huh? This is an insane thing to accuse working parent of and you should stop doubling down on it. This also isn't the purpose of this thread. The topic is perception...
by MnyGrl
Fri Jul 27, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 5824

Re: Decision for Stay at Home Wife?

+1 for stay at home mom. Outsourcing your job of taking care of the kids is something you will regret. We as a society will pay dearly for abaonsong kids the way many do. In fact, we already are. -TheDDC Working is not abandoning your kids. For the majority of the time of the history of not only this country, we saw a benefit in having kids raised by parents. And guess what? It worked pretty well. Kids know when a parent chooses them versus work. Try and convince them otherwise and see how that works. -TheDDC There may be a benefit, but 40 percent of moms are the breadwinners in their families. What would you have them do? "Moms" of kids of what age? Under 5? Wouldn't that impact the decision? -TheDDC So you're saying that for th...
by MnyGrl
Fri Jul 27, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 5824

Re: Decision for Stay at Home Wife?

TheDDC wrote: Fri Jul 27, 2018 2:29 pm
MnyGrl wrote: Fri Jul 27, 2018 1:14 pm
TheDDC wrote: Fri Jul 27, 2018 12:59 pm +1 for stay at home mom. Outsourcing your job of taking care of the kids is something you will regret. We as a society will pay dearly for abaonsong kids the way many do. In fact, we already are.

-TheDDC
Working is not abandoning your kids.
For the majority of the time of the history of not only this country, we saw a benefit in having kids raised by parents. And guess what? It worked pretty well. Kids know when a parent chooses them versus work. Try and convince them otherwise and see how that works.

-TheDDC
There may be a benefit, but 40 percent of moms are the breadwinners in their families. What would you have them do?
by MnyGrl
Fri Jul 27, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 5824

Re: Decision for Stay at Home Wife?

+1 for stay at home mom. Outsourcing your job of taking care of the kids is something you will regret. We as a society will pay dearly for abaonsong kids the way many do. In fact, we already are. -TheDDC Working is not abandoning your kids. My DW stayed home with the kids, who are now grown and successful in their respective professions, and are really good people. Some of our relatives had successful kids with working moms, and some are the opposite of successful. I don't think SAHM is necessary for the kids' success, but I do believe it improves the odds. That being said, a price is paid in terms of income, benefits and the like; in our case, we are in a very good financial position. I am very pleased about how SAHM worked out for us. I ...
by MnyGrl
Fri Jul 27, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 5824

Re: Decision for Stay at Home Wife?

TheDDC wrote: Fri Jul 27, 2018 12:59 pm +1 for stay at home mom. Outsourcing your job of taking care of the kids is something you will regret. We as a society will pay dearly for abaonsong kids the way many do. In fact, we already are.

-TheDDC
Working is not abandoning your kids.
by MnyGrl
Fri Jul 27, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 5824

Re: Decision for Stay at Home Wife?

HueyLD wrote: Fri Jul 27, 2018 12:24 pm It is so incredible to read what the OP wrote about the misunderstood "lazy" SAHMs.

With that attitude, his wife should probably be thinking about what she may do in the event of marital problems.

I have seen too many SAHMs who became "poor working single moms" after being out of the workforce for an extended period of time. Potential employers do not value the experience of SAHMs and that's very unfortunate.
This would be my concern. If she can keep one foot in the door (freelancing or PT work) it will help her get back into the workforce later.

Have you run the math to see how things will work if she never returns to work?
by MnyGrl
Fri Jul 27, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 15382

Re: Cash flow problems - best way to handle?

Hi, I wanted to thank everyone who responded to this thread in April. I received many good ideas and have them all listed on my phone, in case they need to be implemented. I got one of the Fidelity VISA cards with 0% interest in case I needed to float anything during the summer, but haven't used it at all. I wanted to give an update: I received a promotion today - basically a new job has been created for me. It will be significantly more money and moves me up the ladder in a big way. I love my workplace and the people here, and I am so grateful that they are making it financially possible for me to stay, as I was considering a move next year just to get a pay bump. Best of all, it has been a very uneventful summer and not only have I not ne...
by MnyGrl
Fri Jul 27, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Figuring out long-term technology plan for kids - Chromebook?
Replies: 43
Views: 3247

Re: Figuring out long-term technology plan for kids - Chromebook?

LawyersGunsAndMoney wrote: Thu Jul 26, 2018 8:07 pm Bit of a contrarian opinion but I see Chromebook // Kids // Long-Term as a "pick two" scenario.
Agreed. And "technology" and "long-term" would be a "pick-one."

:happy
by MnyGrl
Fri Jul 27, 2018 8:05 am
Forum: Personal Consumer Issues
Topic: Figuring out long-term technology plan for kids - Chromebook?
Replies: 43
Views: 3247

Re: Figuring out long-term technology plan for kids - Chromebook?

munemaker wrote: Thu Jul 26, 2018 7:43 pm
MnyGrl wrote: Thu Jul 26, 2018 8:19 am Thanks for all the advice. I am probably going to go with 4GB to start, since the price goes up quite a bit for the 8GB chromebooks. I will try both at Best Buy and open a bunch of tabs to get a sense of the impact.

Again, thanks!!
Happened to see this which may be of some interest to you:

https://www.techradar.com/news/cheap-chromebook-deals
This is wonderful, thank you!!
by MnyGrl
Fri Jul 27, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: Figuring out long-term technology plan for kids - Chromebook?
Replies: 43
Views: 3247

Re: Figuring out long-term technology plan for kids - Chromebook?

But kids should be learning all they can about technology rather than being offered simple solutions. IMO, of course. How would kids be learning more about technology by using Windows or Mac rather than a Chromebook? :confused Have you ever really used a Chromebook (and I don't mean for a few minutes)? And if you can use a word processor or spreadsheet, is it really that difficult to move from one to another? During my career, I worked for companies that used Windows and companies that used Macs. Now retired and it is MY money and time, I use a Chromebook. It is not really that difficult to move from one to another. Hi, thanks for all the comments regarding different operating systems. As of right now, both kids are comfortable on both Mac...