Search found 229 matches

by frugalmama
Mon Aug 03, 2020 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone know a lender that offers a 7 year fixed mortgage?
Replies: 10
Views: 679

Re: Does anyone know a lender that offers a 7 year fixed mortgage?

I have this same problem...7 years or so left and about 80,000 left to go. I have not been successful in finding a scenario that I come out better yet because the closing costs are so high, even when looking at a 15 year. It looks great until you get to the fine print. Those pesky closing costs.
by frugalmama
Mon Aug 03, 2020 8:29 am
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 179
Views: 22824

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

Great thread! It is a reminder not to let lifestyle creep into your life and is why a budget is so critical.
by frugalmama
Thu Apr 09, 2020 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth asking car insurer to decrease premium during pandemic?
Replies: 32
Views: 1654

Re: Is it worth asking car insurer to decrease premium during pandemic?

We have 4 vehicles. I put 2 of them "in storage" on my driveway (so we can't drive them). That saved me $254 total for about 2.5 months time (we were already at the lowest amount of driving, etc.). At that point, I will be renewing in June at which time I will shop around and continue to keep 2 vehi...
by frugalmama
Wed Mar 25, 2020 5:00 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 64655

Re: So bottom is probably behind us....right?

No, I don't think we have hit bottom. I would be very surprised if we have. I think it is going to get a lot worse before it gets better.
by frugalmama
Wed Mar 25, 2020 11:53 am
Forum: Personal Consumer Issues
Topic: Are you still going to the grocery store or using a delivery service? Which?
Replies: 329
Views: 24869

Re: Are you still going to the grocery store or using a delivery service? Which?

I am not - I stopped yesterday. If I need something, I will order online but I shouldn't need to order for quite a while. I tend to keep quite a stock of food just because every meal is like a small dinner party for us. The limits kill me because I can't do much with 1 bag of beans as it takes 2 for...
by frugalmama
Mon Mar 23, 2020 9:13 pm
Forum: Personal Investments
Topic: 100 percent stock investors: any of you adding bonds now?
Replies: 51
Views: 3631

Re: 100 percent stock investors: any of you adding bonds now?

chevca wrote: Mon Mar 23, 2020 4:34 pm Nope.

Side note though - DW and I both have pensions to look forward to.
+1
by frugalmama
Mon Mar 23, 2020 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14923

Re: What have you learned from this situation that you will take action on?

Stay the course, buying as I had planned to buy. I plan on beefing up my emergency fund...I could see this lasting longer than what I feel I have an emergency fund for and this could become the new normal with multiple waves. My EF isn't set for that magnitude right now, so I'm looking to aim at mor...
by frugalmama
Mon Mar 23, 2020 11:51 am
Forum: Investing - Theory, News & General
Topic: Young people: Only thing that matters now is maintaining income
Replies: 30
Views: 3306

Re: Young people: Only thing that matters now is maintaining income

It can't be stated enough: It takes a bear market to realize your risk tolerance. So many posts over the years, during an historic bull market, about long-term investing horizons, not being afraid of any corrections or down-turns, how badly people wanted "stocks to be on sale", and how bored people...
by frugalmama
Mon Mar 23, 2020 11:47 am
Forum: Personal Consumer Issues
Topic: old (dry) pasta
Replies: 29
Views: 2086

Re: old (dry) pasta

I would cook it and see how it tastes. I don't think pasta could harbor any bacterial growth, so the only potential spoilage would seem to be rancidity. That's unlikely if well packaged and kept in the fridge, and you would taste it. There might also be some issue with starch aging (I doubt it) but...
by frugalmama
Mon Mar 23, 2020 10:08 am
Forum: Investing - Theory, News & General
Topic: Young people: Only thing that matters now is maintaining income
Replies: 30
Views: 3306

Re: Young people: Only thing that matters now is maintaining income

Lots of headless chickens flocking around these days. So many posts on people pulling out. Why? This is my 2nd crash. During the 1st crash (in 2008), I was a poor student without money, but I had a little. I went all in back in 2008-2010. And I have seen how the market has bounced back from 2010-20...
by frugalmama
Sat Mar 21, 2020 12:56 pm
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 55395

Re: How Is Your Job Being Impacted By The Current Crisis?

One of my part time jobs is non-existent at this point, another one has informed me that I am going to have reduced hours by the end of the month. Another one is unaffected, and DH's job is not affected and is very secure. We planned for an event like this and so I am not overly concerned at this po...
by frugalmama
Fri Mar 20, 2020 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Corona and the “barebones” budget
Replies: 45
Views: 5990

Re: Corona and the “barebones” budget

Very good point. My income has now been effectively cut in half until August most likely. I redid my budget last week when I started realizing the reality of the situation as I wasn't willing to part with some of my savings goals. I spent more on groceries, but we've cut in a lot of other places suc...
by frugalmama
Fri Mar 20, 2020 3:58 pm
Forum: Investing - Theory, News & General
Topic: Who here is buying stocks today and how much?
Replies: 311
Views: 28820

Re: Who here is buying stocks today and how much?

I would like to, but I'm waiting for my refund check to come in. I will buy 7000 when it comes in.
by frugalmama
Fri Mar 20, 2020 3:44 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 196583

Re: Sad for the economy that was

You’re absolutely right , and it’s exactly what I would say on a good day. Ironic that I’m so happy to move close to my grandchildren, but won’t be able to see them for a while, perhaps. But of course perspective is everything. I am grateful that this virus isn’t attacking children and young people...
by frugalmama
Fri Mar 20, 2020 3:21 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 196583

Re: Sad for the economy that was

As a young person but someone who went through the Great Recession (and so I saw some of this before), it is a reminder that life is always about change and adapting...the only thing that doesn't change is change itself. The Great Recession brought a lot of pain to my household and I learned a lot o...
by frugalmama
Fri Mar 20, 2020 1:24 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1661
Views: 139242

Re: Coronavirus (Consumer Issues) How you are preparing?

We thought that early morning grocery pickup would have more available, from new deliveries. However, there was a lot that was not available, anyway. So we've decided to try a pickup later in the day. Perhaps some things don't come it pre-opening, or can't get put on shelves? Or maybe are put on sh...
by frugalmama
Wed Mar 18, 2020 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: How many are regretting not investing in real estate
Replies: 55
Views: 5490

Re: How many are regretting not investing in real estate

I actually feel thankful I did not as I'm not ready to cover the mortgage payments out of my own pocket, especially if we end up in a deep recession. There is a lot of risk there, especially if someone is overleveraged or starts to have their own cash flow problems due to their own job. Things are g...
by frugalmama
Tue Mar 17, 2020 2:44 pm
Forum: Personal Consumer Issues
Topic: Take out food vs COVID 19
Replies: 95
Views: 6676

Re: Take out food vs COVID 19

I would not risk it if I were in your shoes. Like a poster above, restaurant workers tend to need the paycheck and push the envelope of working while sick. +1 If I did risk it, I would want to be able to watch them prepare it from start to finish (How do you know they sneezed in their elbow? etc.)....
by frugalmama
Tue Mar 17, 2020 2:41 pm
Forum: Investing - Theory, News & General
Topic: VERY disappointed in Vanguard's ETHICS!!!
Replies: 27
Views: 2343

Re: VERY disappointed in Vanguard's ETHICS!!!

I don't really understand the issue or why you think that it is a bug as it looks like it works as intended...maybe just not like you want it to. However, did you not get a confirmation that your transaction went through (i.e. it didn't go through)? Or, did it not go through the same day like you wa...
by frugalmama
Tue Mar 17, 2020 12:47 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age ? and this crisis ?
Replies: 170
Views: 9710

Re: What is your AA, given your age ? and this crisis ?

I'm 39...100% stocks. I have no intention of doing anything different for probably another 15 years. We will have pensions (so like bond income) and really don't needs this money. Stock market money is monopoly money to me until I retire...unrealized gains and losses mean absolutely nothing to me. W...
by frugalmama
Thu Mar 05, 2020 9:27 am
Forum: Personal Investments
Topic: The 100% Stock Portfolio
Replies: 12
Views: 1601

Re: The 100% Stock Portfolio

I am currently 100% stocks...I think there are different factors that can make you decide whether 100% stocks are for you and depending on how you answer the questions will determine what kind of risk you are setting yourself up for with that allocation. 1) Age. There will be a time which I expect I...
by frugalmama
Fri Feb 28, 2020 12:01 pm
Forum: Investing - Theory, News & General
Topic: 8 days [From new S&P 500 high to 12% correction]
Replies: 64
Views: 6337

Re: 8 days [From new S&P 500 high to 12% correction]

I'm 100% equity. I'm not concerned and see this as a buy opportunity so I'm investing as normal. For me, this type of event makes the case for why the amount you save compared to your expenses is critical to the equation - the more you save and the lower your expenses, the less you are concerned ab...
by frugalmama
Fri Feb 28, 2020 9:22 am
Forum: Investing - Theory, News & General
Topic: Stocks are Not on Sale
Replies: 30
Views: 3734

Re: Stocks are Not on Sale

On sale refers to the fact that there's a large speculative element to the decline in prices, without regard to ground reality. From what I am hearing there are a lot of supply chain issues that will affect companies' profits in, at least, the short term. If you are investing to avoid short term lo...
by frugalmama
Fri Feb 28, 2020 8:44 am
Forum: Investing - Theory, News & General
Topic: 8 days [From new S&P 500 high to 12% correction]
Replies: 64
Views: 6337

Re: 8 days [From new S&P 500 high to 12% correction]

I'm 100% equity. I'm not concerned and see this as a buy opportunity so I'm investing as normal. For me, this type of event makes the case for why the amount you save compared to your expenses is critical to the equation - the more you save and the lower your expenses, the less you are concerned ab...
by frugalmama
Thu Feb 27, 2020 11:35 pm
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 519
Views: 47598

Re: The Calm Post - Stay the course thread.

Two thumbs up! What is going on now in the markets is just "noise"-----and while I certainly could be wrong, I bet that in a year or two people will look back on this and wonder what all the angst and nervousness was about :beer . +1 I think that people who feel a lot of angst weren't actually comf...
by frugalmama
Thu Feb 27, 2020 11:28 pm
Forum: Investing - Theory, News & General
Topic: 8 days [From new S&P 500 high to 12% correction]
Replies: 64
Views: 6337

Re: 8 days [From new S&P 500 high to 12% correction]

I'm 100% equity. I'm not concerned and see this as a buy opportunity so I'm investing as normal. For me, this type of event makes the case for why the amount you save compared to your expenses is critical to the equation - the more you save and the lower your expenses, the less you are concerned abo...
by frugalmama
Fri Jan 10, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Buying Car - buy outright or finance?
Replies: 59
Views: 5275

Re: Buying Car - buy outright or finance?

Both are good ways. Negotiate to lowest price suggesting you are going to pay cash . Have checkbook ready. Then get 0% loan at the end and the cash back for taking a loan. Why is that a good idea? If they know they won't make money financing the car, won't they be less willing to lower the price? I...
by frugalmama
Fri Jan 10, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 433
Views: 94707

Re: What age did you reach 100K networth?

I believe it was at 22.
by frugalmama
Wed Jan 01, 2020 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Parents vs. Kids Paying for College
Replies: 171
Views: 7031

Re: Parents vs. Kids Paying for College

I worked all the way through college and so did my husband. My parents paid my college and my husband's didn't. We both graduated at the top of our class, were very hard workers, and have done really well in life, now on to 2nd (more enjoyable quality life) careers. Seeing that I purchased our first...
by frugalmama
Tue Dec 31, 2019 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 371
Views: 57009

Re: Low-earners- What is your profession?

We are pretty much under 100K every year and tend to be between 80K and 95K between teaching and some side gigs (sitting, college instructor, sports official). We live in a relatively LCOL area, but we have a large family so our income places us not too far above the poverty level. We traded our hig...
by frugalmama
Tue Dec 31, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend $$ on yourself?
Replies: 108
Views: 12413

Re: How do you spend $$ on yourself?

We have an acre of land. I buy gold coins and have my wife put them inside metal cans, and then go hide them in the wilderness from me. I then use a metal detector to try to find them. Then I can spend them on whatever I want once I find them. But sometimes she hides an old sock in the can instead ...
by frugalmama
Tue Dec 31, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much were you able to save this year?
Replies: 142
Views: 11190

Re: How much were you able to save this year?

Married, 11 kids, 10 years into 2nd career (read as much lower paying jobs with better lifestyle) 51% saved (Roth, req. pension payment, includes house principal and paying off some zero interest medical debt, etc.). Next year (and the next 22) may not be as good ...we start paying for college. We a...
by frugalmama
Mon Dec 30, 2019 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: HSA for high-use big family?
Replies: 17
Views: 1183

Re: HSA for high-use big family?

We are a large family (relatively healthy, but 13 members) and we have found that we come out better under the HSA for 2 main reasons: 1) The spread between the premiums/cost of the HSA plan and the other plans offered is too large that when working out expected visits, etc. we come out ahead with t...
by frugalmama
Mon Dec 30, 2019 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: HSA for high-use big family?
Replies: 17
Views: 1183

Re: HSA for high-use big family?

We are a large family (relatively healthy, but 13 members) and we have found that we come out better under the HSA for 2 main reasons: 1) The spread between the premiums/cost of the HSA plan and the other plans offered is too large that when working out expected visits, etc. we come out ahead with t...
by frugalmama
Tue Dec 17, 2019 11:23 am
Forum: Personal Investments
Topic: Quickest way to pay off catastrophic credit card debt?
Replies: 43
Views: 2997

Re: Quickest way to pay off catastrophic credit card debt?

OP, I would take it out in one lump sum. I've made large transactions before and never had a problem. I agree with the fact that if your account has been linked for a while, they are less likely to be suspicious. Additionally, while my spouse didn't hide his grad school credit card debt, I understan...
by frugalmama
Tue Dec 17, 2019 10:19 am
Forum: Investing - Theory, News & General
Topic: Too poor to invest - living in the 12% bracket
Replies: 114
Views: 12137

Re: Too poor to invest - living in the 12% bracket

Does anyone else live in the 12% bracket like I do? Yes, we are well into the 12% bracket and still filling out IRS Form 8880 to get our "Savers Credit". I live in a low cost of living area, and have paid off the house, youngling #4 is on the way, yet we are able to max out our IRA's every year. Ch...
by frugalmama
Tue Dec 03, 2019 9:45 am
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 633
Views: 91065

Re: Flaunt Your High-Mileage Car

2000 Honda Accord 140,000
2007 Honda Odessey 150,000
2008 Toyota Prius 250,000
2012 Ford Van 100,000

and all are still going strong. We have no plans to replace any of them any time soon...i.e. we will keep them until we can no longer find the parts to make the repairs with.
by frugalmama
Fri Nov 22, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Help: Husband's Surprise Debts
Replies: 183
Views: 19869

Re: Help: Husband's Surprise Debts

He;s not being honest with you, even when you try to have a discussion. He is likely not going to be honest with you in the future. Your kids are grownups; their welfare no longer depends on your marriage. You have already considered divorce. Do you really want this major stress and financial mess ...
by frugalmama
Tue Nov 19, 2019 10:01 am
Forum: Personal Consumer Issues
Topic: Looking for a charity giving Christmas experience
Replies: 44
Views: 2390

Re: Looking for a charity giving Christmas experience

When you give Christmas gifts to local schools or charities, you need to accept the fact that some people who are not truly in "need" will take advantage. It is not your job to decide what someone else is allowed to spend their limited resources on, no matter how distasteful you find their poor spe...
by frugalmama
Wed Nov 13, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 110
Views: 11344

Re: The difficulty of discarding frugality?

I have no problem with small indulgences such as coffee shop spending, a movie online, etc. what I am having problem with is buying a new condo which is slightly bigger than current and has a/c that is not a room a/c , and a 3 season porch. All rooms are slightly bigger. My calculations say I have ...
by frugalmama
Wed Nov 13, 2019 10:10 am
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 72
Views: 6404

Re: How to combine finances with your spouse? Recently married/early30s

"We are trying to come up with a plan to combine our money as "ours" in a way that both of us are comfortable with (for example he wouldn't feel comfortable if I paid off all of his student loan in one go)." Well, perhaps this is the new way to approach marriage and finances, I am much older than y...
by frugalmama
Wed Nov 13, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 131
Views: 16186

Re: Are complicated credit card cash back strategies worth it?

my psychology may negate any advantage and then some (eg oooh! I have a card for Whole Foods so let's go there!). What do you think? I think you need to work on your psychology. --vtMaps +1 I fund college accounts through maximization strategies and bonuses. Definitely worth it over the last 20 yea...
by frugalmama
Wed Nov 13, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Forgotten Expenses in Retirement--Travel
Replies: 32
Views: 2833

Re: Forgotten Expenses in Retirement--Travel

I'm not retired yet. However, I look at how much a trip cost me 20 years ago to Europe and how much a similar trip would cost me now and there is a big difference. My plan is that 50% of my SWR in the early years will be used on travel as we plan to travel several times a month and already take mont...
by frugalmama
Wed Nov 13, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 110
Views: 11344

Re: The difficulty of discarding frugality?

I will be following this thread carefully as I could have written it myself. I am a bit behind you...as we aren't nearing retirement yet...but we continue to amass quite a large amount despite our large family and job choices (we downgraded to less stressful jobs about 10 and 20 years ago after we f...
by frugalmama
Mon Nov 11, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: OB/GYN Prepayment?
Replies: 20
Views: 1406

Re: OB/GYN Prepayment?

Would it make sense to view this almost like an escrow account? That is exactly what it is...or a retainer account for a lawyer. It is still your money. My OBs have not even been able to create a "bill" for me in the past as the amount actually isn't billed until the end. They are just holding your...
by frugalmama
Mon Nov 11, 2019 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: OB/GYN Prepayment?
Replies: 20
Views: 1406

Re: OB/GYN Prepayment?

I'm guessing that this doc is out of network? In in-network, the doc would have a contract with the insurer which would cover the practice of billing up-front, or not; moreover, it would include what you are responsible for and when. If in-network, I'd call the insurer and inquire about their pract...
by frugalmama
Mon Nov 11, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Doing your own taxes and finding errors from past preparer and company!
Replies: 15
Views: 874

Re: Doing your own taxes and finding errors from past preparer and company!

I still get riled up at running into gender discrimination by this paid preparer... I would too. However, I've had that type of experience too with medical bills. It is very frustrating. I have always done my own taxes as I used to work in tax and was a amazed at how many mistakes I would find on t...
by frugalmama
Thu Nov 07, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance - HSA during birth year?
Replies: 27
Views: 1253

Re: Health Insurance - HSA during birth year?

Congratulations! You will certainly hit your out of pocket max when your wife has the baby, so to compare plans, you'll want to add YOUR annual cost for the premium to the out of pocket max. For the HSA plan(s), deduct any employer contributions to the HSA as well as any tax savings on the HSA cont...
by frugalmama
Wed Nov 06, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance - HSA during birth year?
Replies: 27
Views: 1253

Re: Health Insurance - HSA during birth year?

Congratulations! You will certainly hit your out of pocket max when your wife has the baby, so to compare plans, you'll want to add YOUR annual cost for the premium to the out of pocket max. For the HSA plan(s), deduct any employer contributions to the HSA as well as any tax savings on the HSA cont...
by frugalmama
Fri Sep 13, 2019 5:48 pm
Forum: Personal Consumer Issues
Topic: How old is your cellphone?
Replies: 168
Views: 10837

Re: How old is your cellphone?

khh wrote: Wed Sep 11, 2019 1:23 pm T-Mobile flip phone over 15 years old. The sim card in that phone came from a mid-90s Nokia.
That is impressive!

Galaxy S5...Got it in 2014 so 5 years. We have no plans to buy a new one until it entirely konks out. No security concerns, etc.