Search found 874 matches

by daheld
Fri May 15, 2020 7:34 am
Forum: Personal Finance (Not Investing)
Topic: How to handle possible Mold issue in Rental
Replies: 10
Views: 744

Re: How to handle possible Mold issue in Rental

Painting with something like Kilz might be appropriate as a last step, but it's certainly not a complete remedy. The biggest issue is figuring out where the water or moisture is coming from and fixing that issue. Nobody can tell you how bad it is or what exactly needs to be done. This is absolutely ...
by daheld
Wed May 13, 2020 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Renter's Insurance
Replies: 8
Views: 496

Re: Renter's Insurance

Call your auto insurance company. Renters is cheap, and even cheaper if you bundle. Done.
by daheld
Wed May 13, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Appraiser is asking for more money in the middle of refinance process, legal?
Replies: 36
Views: 3220

Re: Appraiser is asking for more money in the middle of refinance process, legal?

The latest update is that the lender is going to send it back to the appraiser with a "not to exceed $645" note...we'll see. Has your lender charged you yet for their processing fees? If not, your lender can eat that $105 increase. I would not be bashful about asking for what you think is right. I ...
by daheld
Tue May 12, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Asking renter to obtain renter's insurance; what benefits to highlight?
Replies: 18
Views: 942

Re: Asking renter to obtain renter's insurance; what benefits to highlight?

It's incredibly cheap. Many landlords require it. Just change the lease the next time it's up for renewal to state that proof of active renters insurance is required.
by daheld
Tue May 12, 2020 12:17 pm
Forum: Personal Investments
Topic: Vanguard or Fidelity Advising Services?
Replies: 16
Views: 851

Re: Vanguard or Fidelity Advising Services?

We use Vanguard PAS. The cost is 0.3%, not 3%. I've never encountered them trying to sell me anything. I use it for much the same reason--it keeps me from making any rash decisions and keeps me on target for a very small premium.
by daheld
Mon May 11, 2020 7:21 am
Forum: Personal Consumer Issues
Topic: Advice on buying a house with leaky roof (fixed ~1 week ago)
Replies: 34
Views: 2364

Re: Advice on buying a house with leaky roof (fixed ~1 week ago)

Based on your most recent post, if you cannot buy the place at a steep discount, I'd walk. It sounds like it needs real work (roof, windows, etc.) and hasn't been well maintained. All that is probably fine, again, if you can buy it way cheap, fix what's wrong and come out ahead. If you're not basica...
by daheld
Fri May 08, 2020 3:18 pm
Forum: Personal Investments
Topic: Vanguard portfolio management
Replies: 1
Views: 262

Re: Vanguard portfolio management

Use the search function in the upper right hand corner of the screen and search for Vanguard PAS or personal advisor services. There've been numerous discussions here.

We use it and are happy.
by daheld
Wed May 06, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Maximum Interest Rate and Minimum Down Payment You Would Consider Reasonable
Replies: 31
Views: 976

Re: Maximum Interest Rate and Minimum Down Payment You Would Consider Reasonable

I would not buy a home and only put 2% down, particularly expecting baby #2 in the near future. Not a chance.
by daheld
Wed May 06, 2020 1:37 pm
Forum: Investing - Theory, News & General
Topic: Why is lump sum investment option better than DCA?
Replies: 156
Views: 5702

Re: Why is lump sum investment option better than DCA?

Others will chime in with more valuable input, but data has shown lump sum investing to be, on average, more financially advantageous. DCA, for many folks, is easier to stomach.

There's no wrong answer and doing what helps you sleep at night is best.
by daheld
Wed May 06, 2020 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Another Should I Refinance Thread
Replies: 13
Views: 712

Re: Another Should I Refinance Thread

Cash to Close: $5168 - or they they could roll into loan amount for true $0 How is it "true $0" if you're paying 3.25% interest on $5168 over 30 years? This is a tough call in my opinion. You generally want to see way closer to a savings of 1% on a refi, but as you say it will save you some money.
by daheld
Fri May 01, 2020 1:08 pm
Forum: Personal Consumer Issues
Topic: [recommend a basic] refrigerator
Replies: 22
Views: 1715

Re: [recommend a basic] refrigerator

Lots of other good suggestions here, but I'll add my input: about a year ago my wife and I were in the market for a very basic fridge just like you're talking about: one fridge door, one freezer door, freezer on top, no ice maker, no bells, no whistles. I normally probably would not buy from a scrat...
by daheld
Fri May 01, 2020 9:18 am
Forum: Personal Consumer Issues
Topic: How do i check if a room has a draft or leak?
Replies: 17
Views: 1077

Re: How do i check if a room has a draft or leak?

Thanks guys for all the inputs. The room has two exterior walls and two windows in the wall. The room sits over the garage. I am not sure if the floor between the garage and the room is insulated. Using the baby camera i have figured out it is usually 2 degrees colder than other rooms. Both the ins...
by daheld
Fri May 01, 2020 9:06 am
Forum: Personal Consumer Issues
Topic: How do i check if a room has a draft or leak?
Replies: 17
Views: 1077

Re: How do i check if a room has a draft or leak?

Is the room you're speaking of either over an unfinished basement space while other parts of the home are over a finished/insulated part of the basement that gets conditioned/heated forced air, or is the room you're speaking of on a concrete slab while the rest of the home is over something else?
by daheld
Thu Apr 30, 2020 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Baby on the way & work uncertain, help me assess cash/liquidity
Replies: 21
Views: 1438

Re: Baby on the way & work uncertain, help me assess cash/liquidity

Outside of childcare, which is a relatively knowable expense, we have found our budget to not yet be terribly affected by having a child. Ours is 16 months old. We have gotten a LOT of hand me down clothes, though. This undoubtedly has helped. I think adding a bit of liquidity to your usual baseline...
by daheld
Thu Apr 30, 2020 8:12 am
Forum: Personal Consumer Issues
Topic: Keepsake items for new baby?
Replies: 25
Views: 1222

Re: Keepsake items for new baby?

Get professional photos done when the baby is very young. We have a 16 month old, and opted to get pictures taken in our home when he was a couple weeks old. We decided against the professional photos in the hospital. You quickly forget how tiny they are and I'm so glad we have really good quality p...
by daheld
Mon Apr 27, 2020 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle - delivery
Replies: 19
Views: 1723

Re: Side Hustle - delivery

Thegame14 wrote:
Mon Apr 27, 2020 2:41 pm
If I cant make more than $25 an hour minimum, it isn't worth it.
This is not going to happen.
by daheld
Mon Apr 27, 2020 11:55 am
Forum: Personal Consumer Issues
Topic: Where has the all good foil gone?
Replies: 20
Views: 1971

Re: Where has the all good foil gone?

Costo sells a version of very heavy duty bigger size foil. We use it mostly for BBQ and seems very strong. This. I work in the food industry and Costco's is the closest I've seen to what I call commercial grade foil--what you find in commercial kitchens. I saw someone above mention Sam's; I would a...
by daheld
Fri Apr 24, 2020 3:13 pm
Forum: Personal Investments
Topic: Investing While Unemployed
Replies: 6
Views: 787

Re: Investing While Unemployed

Two questions: 1. Once my funds clear in Vanguard, should I invest it all back into the stock market right away (according to my investment plan of course) even if it's a loss from where I sold it a little over a week ago or should I invest it gradually over a period of time? I would. 2. Now that I ...
by daheld
Fri Apr 24, 2020 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluate my Financial Plan
Replies: 16
Views: 867

Re: Evaluate my Financial Plan

The bottom line is that if you're making $100k/year and not still aggressively paying down high interest debt, you should be able to contribute more than 6% to a 401k. If you're not tracking expenses, you should start. It seems as though you don't actually have a clear picture of where that $5250 i...
by daheld
Fri Apr 24, 2020 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluate my Financial Plan
Replies: 16
Views: 867

Re: Evaluate my Financial Plan

Goals: How much are you spending on the wedding? Haven’t discussed that or much around that but may be a topic in the near future. Any other big purchases? Ideally a lake, beach, or mountain house in the future Will your future wife work? Yes and is currently making around 60k Do you want to have c...
by daheld
Fri Apr 24, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluate my Financial Plan
Replies: 16
Views: 867

Re: Evaluate my Financial Plan

You don't mention expenses. That would be helpful. You're making $100k a year; you should be able to contribute more to a 401k. I know you've been paying off debt aggressively and that's good. Now that that's over, I'd focus on maxing out your 401k. I would also start building up that emergency fund...
by daheld
Fri Apr 24, 2020 10:25 am
Forum: Personal Investments
Topic: 29 years old, newly married. [Update 2 years later]
Replies: 25
Views: 4205

Re: 29 years old, newly married. Need help allocating ~$3300/month

Definitely look again. Our original mortgage was held by US Bank and I used them to refi purely out of convenience (and because closing costs were similar). Just looked at their website and a 20 year refi is back down to what it was when we did ours (3.25%). Don't let the lack of "no cost" loans sc...
by daheld
Fri Apr 24, 2020 9:45 am
Forum: Personal Consumer Issues
Topic: Ridiculous HVAC Duct cleaning quote
Replies: 51
Views: 4707

Re: Ridiculous HVAC Duct cleaning quote

You don't need to have HVAC ducts cleaned.
by daheld
Fri Apr 24, 2020 7:18 am
Forum: Personal Investments
Topic: 29 years old, newly married. [Update 2 years later]
Replies: 25
Views: 4205

Re: 29 years old, newly married. Need help allocating ~$3300/month

I agree. Missed pulling the trigger last month when rates were lower. I have not seen the rates other people have been getting for no cost for my area code and LTV. House is worth ~255k. Currently seems like I will have to pay to get a decent refinance which still will be worth it I’m sure but drag...
by daheld
Thu Apr 23, 2020 2:14 pm
Forum: Personal Investments
Topic: 29 years old, newly married. [Update 2 years later]
Replies: 25
Views: 4205

Re: 29 years old, newly married. Need help allocating ~$3300/month

EF: 4 months expenses in high yield savings account Debt: Mortgage ~173k remaining at 4.125% (30 year fixed) Tax filing status: MFJ Tax: 22% federal, 5% state State of residence: AL Age: 31, DH is 30 DD 9 months :D Desired asset allocation: 85% stocks / 15% bonds Portfolio (258.5k): Her 401k (TSP) ...
by daheld
Thu Apr 23, 2020 9:26 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor vs Robo Advisors? (Looking at switching from EJ)
Replies: 14
Views: 779

Re: Vanguard Personal Advisor vs Robo Advisors? (Looking at switching from EJ)

They will use index funds based on your risk tolerance and timeline. I was probably unclear in my previous response--I meant that you could DIY and use target date funds and probably be successful. I have found that having an added layer of protection between me and my investments--having to call a...
by daheld
Thu Apr 23, 2020 8:56 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor vs Robo Advisors? (Looking at switching from EJ)
Replies: 14
Views: 779

Re: Vanguard Personal Advisor vs Robo Advisors? (Looking at switching from EJ)

My wife and I use PAS. We've been really happy thus far. All they're doing is plugging your numbers in a computer and recommending whatever allocations the computer tells them. Yes, you could absolutely mimic this on your own. You could put it in a target date fund and be done, which is what I had ...
by daheld
Thu Apr 23, 2020 8:40 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor vs Robo Advisors? (Looking at switching from EJ)
Replies: 14
Views: 779

Re: Vanguard Personal Advisor vs Robo Advisors? (Looking at switching from EJ)

My wife and I use PAS. We've been really happy thus far. All they're doing is plugging your numbers in a computer and recommending whatever allocations the computer tells them. Yes, you could absolutely mimic this on your own. You could put it in a target date fund and be done, which is what I had a...
by daheld
Wed Apr 22, 2020 12:54 pm
Forum: Personal Consumer Issues
Topic: Filling a void (of unknown size) under driveway
Replies: 26
Views: 1512

Re: Filling a void (of unknown size) under driveway

Are asphalt contractors explicitly unable to work right now? This seems like something a pro could fix correctly and quickly without breaking any type of social distancing rules. As another option, you might call some asphalt companies to see if any would give you instructions on a DIY fix in exchan...
by daheld
Wed Apr 22, 2020 12:36 pm
Forum: Personal Consumer Issues
Topic: Budget for Home Upgrades and Maintenance Reserve Fund?
Replies: 23
Views: 1256

Re: Budget for Home Upgrades and Maintenance Reserve Fund?

You should know if you need a new roof or foundation work anytime soon once you get the inspection done. That will be taken care of as a credit or price reduction before you move in. HVAC replacement is 10-20K almost everywhere. Appliances are several hundred to a thousand each and you never need t...
by daheld
Wed Apr 22, 2020 11:58 am
Forum: Personal Consumer Issues
Topic: Budget for Home Upgrades and Maintenance Reserve Fund?
Replies: 23
Views: 1256

Re: Budget for Home Upgrades and Maintenance Reserve Fund?

To that end, and provided that we do not purchase a fixer-upper type house, would it be reasonable to budget and set aside: $25,000 for immediate upgrades or changes to a house (things like new paint, changing locks, perhaps updates to the faucets and door hardware, new blinds, curtains, or the lik...
by daheld
Wed Apr 22, 2020 8:53 am
Forum: Personal Consumer Issues
Topic: Fence Paint Peeling
Replies: 26
Views: 1644

Re: Fence Paint Peeling

Did you paint it four years ago? It's hard to say without knowing how it was prepared before painting last time. I am far from an expert painter, but I think the main things are to ensure really good preparation of the surface to be painted so it accepts the paint well and to use really good quality...
by daheld
Tue Apr 21, 2020 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Decision to refinance my home
Replies: 7
Views: 641

Re: Decision to refinance my home

You need to do the math and see how financially advantageous a refi is.

We can't tell from your post how much you've paid in interest thus far. I know you've paid a total of $132,000 in principle thus far. How much interest have you paid over the 5 years you've been paying the mortgage?
by daheld
Tue Apr 21, 2020 8:13 am
Forum: Personal Finance (Not Investing)
Topic: 30yo Checking In
Replies: 20
Views: 2993

Re: 30yo Checking In

If it were me, I would set automatic 401k investments to max out yearly. That should be your floor for retirement savings. Once you're on track to max these, I'd pay your minimum mortgage payment for now. If you want to attack debt, start with highest interest rates first (you mentioned already doin...
by daheld
Tue Apr 21, 2020 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Need Term Life Insurance: Not Sure How to Proceed
Replies: 10
Views: 608

Re: Need Term Life Insurance: Not Sure How to Proceed

Another vote for term4sale.com. I did a search, inputting all my information. Found a 20 year term policy that was affordable from a reputable, established company.
by daheld
Mon Apr 20, 2020 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Take FMLA or Telework?
Replies: 19
Views: 1102

Re: Take FMLA or Telework?

Take the time. You will never, ever regret it. I was fortunate enough to take 5 weeks when my wife had our son, and it was both a time of incredible bonding between he and I, but I was also able to help my wife a lot around the house. It was a time I'll cherish forever, and some piddly alternative f...
by daheld
Thu Apr 16, 2020 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance question
Replies: 14
Views: 1487

Re: Mortgage refinance question

Thank you for input! to answer the question, I tried inputting this all into mortgage professor calculator 3a (assumptions set at 40 year ownership, 35% tax bracket, 4% savings rate, current house value 1.3 mil, and with/without the extra $600 on my current 30 year). - and it gives me a blank area ...
by daheld
Thu Apr 16, 2020 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Help us save more money on a monthly basis.
Replies: 50
Views: 3324

Re: Help us save more money on a monthly basis.

Hey guys thanks for all your comments and advice. I did forget the car insurance which is 250 a month. I will update the post with the number once i am done responding. So the percentages come from our spending in 2019 thus the average. I agree our variable costs are extremely high and I honestly c...
by daheld
Thu Apr 16, 2020 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance question
Replies: 14
Views: 1487

Re: Mortgage refinance question

If you simply tack on an extra $600 to your current mortgage, you will pay it off in 16 years, 9 months and pay a total of $742,804.03 in P&I. If you refi to 15 years, 2.62%, you will pay $653,616 over the course of those 15 years. Refinancing to 2.62% saves you about $90,000 versus keeping your cur...
by daheld
Wed Apr 15, 2020 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Help us save more money on a monthly basis.
Replies: 50
Views: 3324

Re: Help us save more money on a monthly basis.

This is an exceedingly simple exercise and none of us are as qualified to answer your questions as you. But since you asked, the obvious answers are: Cut the landscaper. Cut the housekeeper. Buy less stuff you don't have to have from Amazon, Target, etc. Buy more groceries and cook more from home. Y...
by daheld
Wed Apr 15, 2020 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Credit card limit slashed for inactvity.
Replies: 27
Views: 1225

Re: Credit card limit slashed for inactvity.

I have a plain old CC from a plain old local bank. No crazy extravagant points/rewards system--just a run of the mill 1 point/$1 spent type of deal. They periodically send a letter saying my credit limit has increased. I've never asked for this, as most people on BH wouldn't. I would assume if you'v...
by daheld
Fri Apr 10, 2020 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Would you quit your job without another job now?
Replies: 34
Views: 2568

Re: Would you quit your job without another job now?

It's a tough situation. I cannot fathom quitting a job with no contingency for insurance or income while also having two kids. But...at the same time: I did once take a 20% pay cut (from not that great of a salary down to a really bad salary) to just avoid a mental breakdown. I get it. It was the b...
by daheld
Fri Apr 10, 2020 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Would you quit your job without another job now?
Replies: 34
Views: 2568

Re: Would you quit your job without another job now?

It's a tough situation. I cannot fathom quitting a job with no contingency for insurance or income while also having two kids. But...at the same time: I did once take a 20% pay cut (from not that great of a salary down to a really bad salary) to just avoid a mental breakdown. I get it. It was the be...
by daheld
Thu Apr 09, 2020 10:25 am
Forum: Personal Consumer Issues
Topic: Outside of stocks, what else is a screaming good deal now?
Replies: 64
Views: 7087

Re: Outside of stocks, what else is a screaming good deal now?

We just bought Southwest Airlines tickets for a summer trip for $78 round trip per person. The trip we're taking is normally about $250 round trip per person.
by daheld
Thu Apr 09, 2020 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff - Am I crazy?
Replies: 81
Views: 5444

Re: Mortgage payoff - Am I crazy?

You have a spouse whose hours were cut, your job is not entirely stable and potentially kids who are at home for an extended time without jobs. For the time being, I would not pay off the mortgage, and I am very averse to mortgage debt. It will cost you $7500 in interest to keep paying as usual. To ...
by daheld
Wed Apr 08, 2020 12:08 pm
Forum: Personal Consumer Issues
Topic: Make Clorox Spray Instead of Lysol Spray
Replies: 77
Views: 5625

Re: Make Clorox Spray Instead of Lysol Spray

You do not need to throw it out each night. It does not break down that quickly. https://www.thoughtco.com/chlorine-bleach-shelf-life-3976002 I would think a month is just fine. https://www.clorox.com/how-to/laundry-basics/product-usage-guides/shelf-life/ I don't believe any of those references spe...