Search found 219 matches

by getthatmarshmallow
Mon Oct 15, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Kids not interested in money / allowance
Replies: 50
Views: 4747

Re: Kids not interested in money / allowance

Mine are littler, but honestly I wouldn't worry about it too much. They don't care much about money. If it's because they have everything they want, well, that's compatible with two explanations: either they are given everything they want and are subsequently spoiled, or they simply don't want all t...
by getthatmarshmallow
Mon Oct 15, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Kids and Money
Replies: 38
Views: 1747

Re: Kids and Money

Kids are pretty perceptive, and they'll figure out at some point that their family is well-off when others aren't. If you're in a position that your children would theoretically never have to work, you're quite wealthy, and that means that even if you're reasonably frugal and not flashy with your mo...
by getthatmarshmallow
Mon Oct 08, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Term life success! Thank you Bogles!
Replies: 3
Views: 817

Re: Term life success! Thank you Bogles!

Question on this. Wife and I (in our mid 30s) each have around ~$450k in life insurance thru work policies at around $6/mo each maybe; is term life still recommended if we have this? The problem with policies through your employer is that they go away if you lose or change jobs. At that point, you ...
by getthatmarshmallow
Sat Oct 06, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Term life success! Thank you Bogles!
Replies: 3
Views: 817

Term life success! Thank you Bogles!

Just wanted to thank everyone here for inspiring me to "adult" and get around to getting term life insurance. Spouse and I both have some coverage through work, and always viewed each other as the "insurance policy" as we both work, but with two little kids we figured we needed some extra security. ...
by getthatmarshmallow
Sat Oct 06, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 9559

Re: What is your annual cost for health insurance?

Employer-provided HDHP, which is incentivized with $120/month into my HSA. The standard HMO/PPO option cost $150/month for a family of four, so when I switched plans, I rolled my "contribution" into my HSA. Our deductible is $3K/person; $7K/family, but with four healthy people, well-child visits com...
by getthatmarshmallow
Fri Oct 05, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 158
Views: 13331

Re: Correlation between the FIRE movement and one of the greatest bull markets

I think the 2008 recession is also a factor. Millennials saw how quickly people can lose their jobs and have their career derailed. I hope to have the option of working until I'm ready to quit, but I'm aware that it might not be up to me. +1. My career went sideways in 2009, and it's had the effect...
by getthatmarshmallow
Tue Oct 02, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5367

Re: Root of Good's cost of raising a child: $3,300 per year

My worry would be that it would be bad to prize frugality over developing skills (swimming lessons, e.g.) that are best learned in childhood. My parents taught me to swim at no cost. Parents can teach kids lots of skills, but it does require patience, empathy, and understanding. +1 every life skill...
by getthatmarshmallow
Tue Oct 02, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5367

Re: Root of Good's cost of raising a child: $3,300 per year

Back on topic , it's been a while since anyone has commented on means they've found to reduce the cost of raising children. -Cook at home, and avoid eating out or relying on convenience foods -Most things can be found or free or inexpensively secondhand. A friend gave me a pricey jogging stroller, ...
by getthatmarshmallow
Tue Oct 02, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5367

Re: Root of Good's cost of raising a child: $3,300 per year

My worry would be that it would be bad to prize frugality over developing skills (swimming lessons, e.g.) that are best learned in childhood. My parents taught me to swim at no cost. Parents can teach kids lots of skills, but it does require patience, empathy, and understanding. I hope you aren't s...
by getthatmarshmallow
Tue Oct 02, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5367

Re: Root of Good's cost of raising a child: $3,300 per year

For those who are suggesting that these kids are not being well cared for, I'd suggest that you dig into the blog posts a bit more. They cook amazing food at home all the time, they travel to incredible destinations on a regular basis, and their kids always look happy. Despite the fact that they sp...
by getthatmarshmallow
Tue Oct 02, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5367

Re: Root of Good's cost of raising a child: $3,300 per year

I'm curious about the methodology that the USDA uses. How does one calculate the transportation costs for a two-year-old? Daycare is our biggest non-mortgage expense, but "saving money" by having one parent out of the workforce may be a problem years down the road. I know a lot of SAHMs who are havi...
by getthatmarshmallow
Sun Sep 30, 2018 8:03 am
Forum: Personal Consumer Issues
Topic: College Student Performance Issues
Replies: 83
Views: 4503

Re: College Student Performance Issues

As a college prof, my $0.02: 1) Google "lawnmower parent." Don't be that. Right now she's learning that if she screws up it doesn't matter, because daddy pays for it anyway. College is still a relatively safe place to fall on your face. 2) If your daughter has a diagnosed disability, she (not you) n...
by getthatmarshmallow
Fri Sep 28, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: New Relationship - Best way to handle finances?
Replies: 92
Views: 6717

Re: New Relationship - Best way to handle finances?

You know the phrase about what happens when you get world leaders in a room, you get the sum of their fears? When you ask Bogleheads about relationship finances, you get the sum(s) of their ex-wives. I'm wondering if while you were dating you fell into the habit of always picking up the tab/treating...
by getthatmarshmallow
Fri Sep 28, 2018 6:17 am
Forum: Personal Consumer Issues
Topic: Suggestions on Phonics & Reading programs for 4 year old? Pre-K to Kindergarten
Replies: 27
Views: 1233

Re: Suggestions on Phonics & Reading programs for 4 year old? Pre-K to Kindergarten

We consistently read to our now five-year-old for years, but what I think flipped the switch for him last fall were apps for the Kindle called Endless Reader and Endless Alphabet, which he played on a long car trip during a family vacation. (It was his first experience with the Kindle, and it's most...
by getthatmarshmallow
Wed Sep 26, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: Losing Passion for Hobbies. Cheap or normal aging?
Replies: 71
Views: 8983

Re: Losing Passion for Hobbies. Cheap or normal aging?

Lots of people here mentioning kids and other family obligations getting in the way of their hobbies. I get that, but OP doesn't have kids. I'm guessing there's a big dose of obsession over finances mixed with some mild depression or other psychological issue: "loss of motivation", "sense of guilt"...
by getthatmarshmallow
Tue Sep 25, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Minimalist Lifestyle
Replies: 80
Views: 8673

Re: Minimalist Lifestyle

I tend not to accumulate a lot of things and would be happy in a studio apartment were I by myself, but I find the trend toward minimalism more often about obnoxious posturing ("I own only 100 items discounting all of the things that I can count as jointly owned with my family") than any real virtue...
by getthatmarshmallow
Mon Sep 24, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: Acoustic Pianos
Replies: 42
Views: 2059

Re: Acoustic Pianos

livesoft wrote: ↑
Mon Sep 24, 2018 10:26 am
We've had two Yamaha upright pianos for decades.
Why two?
by getthatmarshmallow
Mon Sep 24, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Acoustic Pianos
Replies: 42
Views: 2059

Re: Acoustic Pianos

Go here: pianobuyer.com. It will have all the information you need and then some, as well as recommendations by price point and value. MSRP are usually huge markups and the site will help you figure out what's reasonable. You'll find a wide range of responses. If your kids are just starting you may ...
by getthatmarshmallow
Wed Sep 19, 2018 6:00 pm
Forum: Investing - Theory, News & General
Topic: Convince a friend to go Boglehead
Replies: 17
Views: 1049

Re: Convince a friend to go Boglehead

I honestly think that if someone is going to be a good candidate for managing their money, they have to be the one actively seeking it out. Plant the seed, sure, but someone who has to be hounded into it probably won't be able to stay the course. If his money guy keeps him from bailing when the mark...
by getthatmarshmallow
Tue Sep 18, 2018 5:25 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 6924

Re: Is there such thing as saving TOO much?

Under $200 is pretty tough, but under $250 is easy. We usually come in around $220 - maybe we could get it lower at WinCo instead of Walmart, not sure. But Walmart will bring the groceries to the car so my wife doesn't have to get the toddler in and out so much. Not sure if WinCo does that. It's ju...
by getthatmarshmallow
Tue Sep 18, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 6924

Re: Is there such thing as saving TOO much?

Transportation--I have a car. This may be my biggest expense...which is still relatively cheap (Small car--paid for--good gas mileage--900$/yr insurance) Utilities are included with my rent to my Dad. Like I said, I am in a situation that I'm sure a lot of people my age are not in. So I am taking a...
by getthatmarshmallow
Mon Sep 17, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: a low grade in a 9th-grade test
Replies: 44
Views: 3464

Re: a low grade in a 9th-grade test

At some point in schooling your natural ability runs out, and you have to "learn how to learn." This is a meta-skill that will help them the rest of their lives, and includes things like how to take notes, how to study, how to ask teachers for help, and how to form study groups. Other supporting sk...
by getthatmarshmallow
Sat Sep 15, 2018 2:24 pm
Forum: Personal Consumer Issues
Topic: The twenty dollar rule revisited
Replies: 44
Views: 5163

Re: The twenty dollar rule revisited

I think I would be inclined to set a budget rather than a dollar amount above which one had to ask permission for purchases. Suppose you spend $7 a day on coffee and muffins and she goes out twice and spends $60 on housewares and make-up. At the end of the month, you've spent more, but she's the onl...
by getthatmarshmallow
Fri Sep 14, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 11451

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

Not near FI yet, but reached a major career milestone last year and not sure what my next steps are. I've pretty consistently picked autonomy over income my entire career, and autonomy is more valuable to me than ever before with young children around. Spouse could be making more money, but doing so...
by getthatmarshmallow
Thu Sep 13, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 10312

Re: Massive Student Loan Debt - Fiancee

I don't think you're shallow -- finances are important. But I also don't see any reason to think your concerns are valid, at least not from what you've said, because it doesn't seem like you've had an in-depth conversation with her. She has debt, and she didn't do what you would have done with extra...
by getthatmarshmallow
Thu Sep 13, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2197

Re: 401k "advice" to my associates

I don't think the skip-a-latte advice is all that great, and I remember at that age finding it somewhat insulting, to be honest. The idea that if anyone has any discretionary money they're an irresponsible slacker who needs to be educated really isn't a fair assumption, and however well intentioned...
by getthatmarshmallow
Wed Sep 12, 2018 6:43 pm
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2197

Re: 401k "advice" to my associates

I don't think the skip-a-latte advice is all that great, and I remember at that age finding it somewhat insulting, to be honest. The idea that if anyone has any discretionary money they're an irresponsible slacker who needs to be educated really isn't a fair assumption, and however well intentioned,...
by getthatmarshmallow
Wed Sep 12, 2018 11:39 am
Forum: Personal Consumer Issues
Topic: Botched countertop installation - leave it as-is or risk the repair?
Replies: 78
Views: 8417

Re: Botched countertop installation - leave it as-is or risk the repair?

If you want to play devil's advocate by analogy, you'll have to construct a parallel case. That's hard to do -- the oil light issue without further explanation is a safety issue, and even a complete fix ("Jeeves, order me another Lexus and return this one") is minimal hassle for you. It's not like y...
by getthatmarshmallow
Wed Sep 12, 2018 10:43 am
Forum: Personal Consumer Issues
Topic: Botched countertop installation - leave it as-is or risk the repair?
Replies: 78
Views: 8417

Re: Botched countertop installation - leave it as-is or risk the repair?

Imagine that you hadn't just put in the kitchen, but perhaps had purchased the house, and sometime later somehow found out about the missing caulk. Would you feel the need to rip out the counters and damage the backsplash in order to fix it? I imagine not. If the install is otherwise solid, that inn...
by getthatmarshmallow
Mon Sep 10, 2018 9:50 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8511

Re: Can Sneakers go with Business Casual?

You stated that Vans or Chucks or like footwear are on the same level as literal running shoes in workplace formality. In the majority of situations/environments in contemporary culture, that simply isn't true. I'm not sure how not being able to wear "casual" footwear in your workplace in any way c...
by getthatmarshmallow
Mon Sep 10, 2018 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else playing catch-up in their 40's?
Replies: 68
Views: 7329

Re: Anyone else playing catch-up in their 40's?

You'll be fine, and you have good company! Spouse immigrated to the US at 31. I spent my 20s in grad school and my 30s buying a house, having kids, and putting him through university. We avoided debt and saved a lot, and this past year I got serious about investing mostly because the only thing bett...
by getthatmarshmallow
Thu Sep 06, 2018 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 4903

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

The flipside of "it's just a piece of paper" is that if all it is to you is a legal contract, it hardly makes sense to try to duplicate the off-the-shelf option (civil marriage) with multiple, more expensive and less effective legal contracts, especially if you're not otherwise opposed to a long-ter...
by getthatmarshmallow
Sun Sep 02, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3220

Re: Piano for a child

If your daughter is taking lessons, she definitely needs to be able to practice at home! I wouldn't immediately purchase even an old used piano, however; they're heavy and if the action is worn or it can't hold a tune, all you'll have is an expensive heavy doorstop. I'd recommend getting an inexpen...
by getthatmarshmallow
Sun Sep 02, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: How do you save money on groceries?
Replies: 155
Views: 9944

Re: How do you save money on groceries?

I find asparagus to be worthwhile only for a few weeks in the spring, and risotto is basically a way of using up leftovers (before it was foodie-fied.) Put whatever you want in it. (I make a great one with mushrooms. I make another good one with peas and prosciutto. And my saffron risotto is heaven....
by getthatmarshmallow
Fri Aug 31, 2018 7:11 am
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3220

Re: Piano for a child

If your daughter is taking lessons, she definitely needs to be able to practice at home! I wouldn't immediately purchase even an old used piano, however; they're heavy and if the action is worn or it can't hold a tune, all you'll have is an expensive heavy doorstop. I'd recommend getting an inexpens...
by getthatmarshmallow
Thu Aug 23, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Varying college costs across kids in the same family
Replies: 92
Views: 5232

Re: Varying college costs across kids in the same family

I liked the car insurance example, and thought it illustrated a great point. Some things that parents buy children are treated somewhat as indivisible goods, which are doled out fairly if everyone gets the same kind of good. Other things that parents buy children are treated as equivalent to cash, a...
by getthatmarshmallow
Sun Aug 19, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: What kind of medical events that may ruin your retirement?
Replies: 73
Views: 5525

Re: What kind of medical events that may ruin your retirement?

Keep in mind that the rates that people see on bills are negotiated rates, and without insurance you may pay higher rates. My grandmother was in a car accident that shattered her leg at age 80. The bill for just the emergency care was 93,000. Rehab and followup surgeries were more. She was and is in...
by getthatmarshmallow
Sat Aug 18, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 99
Views: 5121

Re: Your major and investing/finance?

I don't think there's much correlation between majors and interest or maybe I know a disproportionate number of economists who are shockingly at personal finance, but a good story is the story of Thales of Miletus, cornering the olive oil market because his friends were teasing him, saying with all ...
by getthatmarshmallow
Fri Aug 17, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6195

Re: Savings rate per month???

Tbh, I don't find savings rate to be a useful comparison between wildly different income ranges. On the assumption that one minimally avoids lifstyle inflation, which Bogleheads do, it becomes very easy to save a high percentage just by having a high income and not buying a big house (and if you co...
by getthatmarshmallow
Fri Aug 17, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6195

Re: Savings rate per month???

Tbh, I don't find savings rate to be a useful comparison between wildly different income ranges. On the assumption that one minimally avoids lifstyle inflation, which Bogleheads do, it becomes very easy to save a high percentage just by having a high income and not buying a big house (and if you cou...
by getthatmarshmallow
Wed Aug 15, 2018 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: College grant ( not loans ) eligibilty
Replies: 21
Views: 988

Re: College grant ( not loans ) eligibilty

Check with the school. Some universities use FAFSA to construct the merit scholarship pool, too, and sometimes it affects how internal funding gets allocated.
by getthatmarshmallow
Wed Aug 15, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 83
Views: 6253

Re: House Value & Mortgage as a Percentage of Net Worth

I don't think percentage of net worth matters nearly as much as percentage of income and the comparison with renting, especially if one is buying a house relatively early in life. (Different calculation, maybe, if you're thinking of *spending* a large percentage of your net worth to buy the house ou...
by getthatmarshmallow
Tue Aug 14, 2018 10:15 am
Forum: Investing - Theory, News & General
Topic: Offering 401k Advice to my coworkers?
Replies: 36
Views: 3494

Re: Offering 401k Advice to my coworkers?

Aside from what others have mentioned regarding HR's unwillingness to pass along non-fiduciary advice, while your advice is good and well-intentioned, it might not be optimal for your co-workers. Consider that one advantage of the target date funds are that they really require no attention from the ...
by getthatmarshmallow
Tue Aug 14, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Housing affordability - what is your take?
Replies: 74
Views: 7623

Re: Housing affordability - what is your take?

Prices are high because people are willing to spend a huge (and in my opinion unwise) percentage of their income on housing. Your choice is to either compete with them (and make the same poor decision) or move elsewhere. I think this has a huge part to play. I made an off hand comment at work one d...
by getthatmarshmallow
Mon Aug 13, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 74
Views: 7737

Re: Marriage [How should finances be handled?]

We combined finances, and budget everything out of our total income rather than paying for expenses as roommates might. (Personal preference: it felt weird to think of bills as one person's problem rather than belonging to both of us!) I manage all the investments and money but keep spouse in the lo...
by getthatmarshmallow
Fri Aug 10, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Is your monthly expense really that stable or in reality, pretty volatile?
Replies: 46
Views: 3424

Re: Is your monthly expense really that stable or in reality, pretty volatile?

Expenses are lumpy for us. I manage it by "pay yourself first" for saving retirement and kids' college, and then by tucking away roughly 1/12th of the lumpy expenses (insurance premiums, home repairs, taxes, and vacation, mostly) into a savings account. Whatever's not needed at the end of the year w...
by getthatmarshmallow
Fri Aug 10, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: Piano Tuning - Cost and Recommendations
Replies: 11
Views: 1206

Re: Piano Tuning - Cost and Recommendations

The cost varies by market, but figure $100-$200 for a basic tuning. Your piano hasn't been tuned in a while, so it may need what they call a pitch raise, which is, roughly, an initial rough tuning as preparation for a basic tuning. This usually costs a little bit more as it takes more of the technic...
by getthatmarshmallow
Fri Aug 10, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 8100

Re: Should I tell my family/friend that they are making a financial mistake?

How close are you to the person? How much do you know about the situation? Is the mistake they are making a mistake because it is non-optimal or a mistake that is likely to lead to disaster? There's a difference between "friend is investing in the target date fund instead of a three-fund portfolio" ...
by getthatmarshmallow
Thu Aug 09, 2018 4:51 pm
Forum: Personal Consumer Issues
Topic: First time taking kids to airport..
Replies: 28
Views: 2396

Re: First time taking kids to airport..

You can use Lyft with carseats easily -- just order the bigger Lyft car. We checked our car seats and installed them in the Lyft driver's car with no hassle or fuss at the aiport. If you have a long way to go before you get to the airport without the car, you'll want a bag or something to carry the ...
by getthatmarshmallow
Thu Aug 09, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15615

Re: Will you pay for your kids' college/graduate education?

Seconded. I know tons of liberal arts majors. Everyone who wants to be (excluding the stay at home parents) is gainfully employed, perhaps not in a field that corresponds to their major, but in a way that supports a good life. And that's true even of millennials who graduated into the Great Recessi...