Search found 150 matches

by kiligi
Sun Jul 28, 2013 2:04 pm
Forum: Personal Consumer Issues
Topic: Family trip to Orlando. Suggestions.
Replies: 33
Views: 3099

Re: Family trip to Orlando. Suggestions.

A couple of ideas from what you posted: 1. Have you used Google Maps to plot out all of your day trips? A lot of my European friends are surprised when they get to the US and find out how far the distance is between locations. Florida is a very big state. It is a 4 hour drive from Kissimmee to Miami...
by kiligi
Mon Jul 22, 2013 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Community college a better option to start college?
Replies: 122
Views: 9408

Re: Community college a better option to start college?

My college boyfriend went the CC route for his first two years undergraduate. He was a NM scholar and after completing his first two years at CC in North Dakota - transferred to Cornell to complete his degree in Physics (He chose Cornell because at the time he wasn't sure whether he wanted to go int...
by kiligi
Mon Mar 18, 2013 10:48 am
Forum: Personal Consumer Issues
Topic: New Doctor: Rent or Buy Home in Chicago?
Replies: 47
Views: 3890

Re: New Doctor: Rent or Buy Home in Chicago?

I would be extremely skeptical of "nice condos" being listed at $250K in Lincoln Park. A couple of issues that might be something to think about: 1. Are the condos you are looking at truly in Lincoln Park? I have read a ton of real estate ads that state a neighborhood that the property is on the fri...
by kiligi
Sun Mar 17, 2013 9:05 am
Forum: Personal Consumer Issues
Topic: New Doctor: Rent or Buy Home in Chicago?
Replies: 47
Views: 3890

Re: New Doctor: Rent or Buy Home in Chicago?

I don't know how much you know about the Chicago real estate market, but it is significantly lagging behind the rest of the country when it comes to housing recovery. The state of Illinois in general is not in the best financial health, and I think that is affecting the housing market. Most people a...
by kiligi
Thu Jan 17, 2013 3:35 pm
Forum: Personal Consumer Issues
Topic: "Red Shirting" A Preschooler
Replies: 49
Views: 7865

Re: "Red Shirting" A Preschooler

Edited to Add: You should also realize that for most red-shirted children, it isn't that they are just held back from starting school - it means that they have had 1-2 more years of school than your child will have had. Parents aren't holding their children back from the schooling experience, they ...
by kiligi
Thu Jan 17, 2013 2:05 pm
Forum: Personal Consumer Issues
Topic: "Red Shirting" A Preschooler
Replies: 49
Views: 7865

Re: "Red Shirting" A Preschooler

I agree with much of what Rodc has stated but to that I would add what I think is most important to consider when choosing whether to redshirt or not. Are most families in your school district choosing to redshirt? If they are, and you choose not to do so - you are running the risk that your child i...
by kiligi
Wed Jan 09, 2013 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford it? (International trip)
Replies: 92
Views: 8229

Re: Can we afford it?

I agree with everyone else that you can afford the expense, but I would also ask when the last time you flew with Hainan was. We recently did 12 hours with Hainan (this past summer) - and it was actually very pleasant...or as pleasant as 12 hours can be sitting upright. Food decent, seat space large...
by kiligi
Mon Jan 07, 2013 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: What creative ways have you found to reduce monthly bills?
Replies: 66
Views: 5164

Re: What creative ways have you found to reduce monthly bill

Carry cash instead of credit cards. Disagree. If you have great Rewards or Cashback cards and pay in full every month, CC's save you money. Nothing like getting 6% back on groceries and 3% back on gas with my AmEx Blue Cash card. Save $100's per year. Since we spend less than $600 a month on grocer...
by kiligi
Thu Dec 27, 2012 3:41 pm
Forum: Personal Consumer Issues
Topic: FICO Scores and Dating - All Wrong
Replies: 38
Views: 2779

Re: FICO Scores and Dating - All Wrong

I didn't really understand the point of the article, in large part because it pre-supposes honesty of those that FICO has already deemed "non-trustworthy" via their scores. Why would anyone voluntarily disclose a negative about themselves that cannot easily be checked by the questioner? You are out ...
by kiligi
Wed Nov 07, 2012 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Pregnancy and HSA
Replies: 21
Views: 9409

Re: Pregnancy and HSA

My c-section in 2007 was over 20k. That's just the delivery and hospital stay. This doesn't cover prenatal care. This was an uncomplicated c-section with no other interventions or labor involved (baby was footling breech so we just showed up at the hospital for the section). My VBAC in a hospital, ...
by kiligi
Mon Nov 05, 2012 8:16 pm
Forum: Personal Consumer Issues
Topic: How much $$ to furnish a 2 bdrm condo nicely?
Replies: 4
Views: 1389

Re: How much $$ to furnish a 2 bdrm condo nicely?

It really depends on the budget you want to put together and what you mean by "nicely". If I were you, I would figure out how much money you really want to (and can comfortably) spend, and then decide what to buy. Fitting your buying into a budget is a lot smarter than finding out after the fact how...
by kiligi
Fri Oct 26, 2012 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to best pay back a $200k loan from the parents
Replies: 87
Views: 6610

Re: How to best pay back a $200k loan from the parents

Except it wasnt mortage fraud. Or anything close to mortage fraud. Okay. How is getting a secret "off the books" loan so that you can be approved for a mortgage not fraud? This is the definition of mortgage fraud: Mortgage fraud is a crime in which the intent is to materially misrepresent or omit i...
by kiligi
Fri Oct 26, 2012 10:46 am
Forum: Personal Finance (Not Investing)
Topic: How to best pay back a $200k loan from the parents
Replies: 87
Views: 6610

Re: How to best pay back a $200k loan from the parents

Lightheir I think the issues (on a legal basis) are pretty clear. If the 200K was given as a gift, as it seems clear that the paperwork was set up as such, then there would be no intent to repay and no issue now. People don't repay gifts, they thank the person giving the gift and the matter is then ...
by kiligi
Mon Oct 08, 2012 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: paying off mortgage....help
Replies: 50
Views: 4571

Re: paying off mortgage....help

A half million in assets and a home nearly paid for, plus the kids' college paid for, while supporting a family on 140k? And some of you think he should be doing better? Tough crowd. But I'm going to go out on a limb and say he most certainly should NOT be doing "better". The goal is to save enough...
by kiligi
Mon Oct 08, 2012 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: paying off mortgage....help
Replies: 50
Views: 4571

Re: paying off mortgage....help

I don't think I was being smug or surprised about my financials - just surprised. I think you need to support comments like "very light." I provided my age and did not indicate that I was planning on retiring anytime soon. If I was planning early retirement I would tend ot agree with you. I plan to...
by kiligi
Sun Aug 05, 2012 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: parents - did you quit work to start a family?
Replies: 46
Views: 3821

Re: parents - did you quit work to start a family?

I've been an "at-home" parent for over a decade now. There are definite risks to making this choice, and I think it is important to understand those risks going into the decision making process. It has been extremely successful for our family, but I would hesitate in making any sweeping statements a...
by kiligi
Sun Jun 17, 2012 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Financial aid award - big gap between EFC and net cost
Replies: 10
Views: 1467

Re: Financial aid award - big gap between EFC and net cost

Thanks for the great suggestions - I'll pass them along. I don't understand the point of the EFC at all after seeing this situation. In this case the EFC seems to be $14K/yr, not $3600. A single mom working in a motel is supposed to take out nearly $60K of debt in her own name so her son can attend...
by kiligi
Thu Apr 19, 2012 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Penn State Honors College Vs. Cornell ... Thank you! Post #1
Replies: 116
Views: 16897

Re: Penn State Honors College Vs. Cornell

Here is a very applicable article that deals with the costs we are talking about. Hope this gives the OP more information to help make this decision. $1K a month in loan repayments for 10 years seems like a huge commitment for an ivy. http://www.thecollegesolution.com/should-a-kid-borrow-80000-for-a...
by kiligi
Wed Apr 18, 2012 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Penn State Honors College Vs. Cornell ... Thank you! Post #1
Replies: 116
Views: 16897

Re: Penn State Honors College Vs. Cornell

We are on a financial board, why nobody has asked yet about Loan Terms on these loans? For example, current unsubsidized rate on Stafford loans is 6.8%. http://www.staffordloan.com/stafford-loan-info/interest-rates.php So, $60K at 6.8% is not really "just a $60K". +1 And Stafford loans are capped a...
by kiligi
Tue Apr 17, 2012 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Penn State Honors College Vs. Cornell ... Thank you! Post #1
Replies: 116
Views: 16897

Re: Penn State Honors College Vs. Cornell

If the Cornell name is super important, you could always do what one of my friends did. He was a National Merit Scholar, multiple awards etc. etc. etc student who chose to attend his local CC in a western state for the first 2 years of undergraduate. He had no problem transferring to Cornell (in eng...
by kiligi
Tue Apr 17, 2012 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Kids Allowance
Replies: 25
Views: 2382

Re: Kids Allowance

Finally the questions: Do (or did) the parents on this forum directly tie your child's allowance to their chores, or should those remain separate? Any suggestions on a good amount? Timing: I remember my allowance being weekly, but maybe monthly would allow more budgeting practice? We didn't tie all...
by kiligi
Sat Apr 14, 2012 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Plans, Prepaid v. savings
Replies: 8
Views: 1035

Re: 529 Plans, Prepaid v. savings

Keep in mind a prepaid plan comes with a guarantee to match tuition at the time you need it. A savings plan does not. You may be able to do better than the guarantee or you may not. Of course, one has to consider the solvency of the particular state plan. For example, the Illinois plan is approx $0...
by kiligi
Thu Apr 12, 2012 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down Mortgage or invest in 529
Replies: 29
Views: 2783

Re: Pay down Mortgage or invest in 529

Is it just me or does anyone ever wonder what would happen if there was no "cash flow" that allowed one to cut back (ie. forced early retirement, etc.)? Maybe I need to stop reading the newspaper. See, that was one of the points of my OP. If (crossing fingers this doesn't happen) we had to deal wit...
by kiligi
Thu Apr 12, 2012 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down Mortgage or invest in 529
Replies: 29
Views: 2783

Re: Pay down Mortgage or invest in 529

there's a third option, which is to invest taxably rather than in a 529 or prepaying mortgage. ... http://www.bogleheads.org/forum/viewtopic.php?f=1&t=90781 With potential 2013 tax law changes, 529s become more attractive relative to taxable stock investing, if you are over the $250k AGI limit. Thi...
by kiligi
Wed Apr 11, 2012 9:10 am
Forum: Personal Finance (Not Investing)
Topic: The Economics of Adoption
Replies: 30
Views: 3136

Re: The Economics of Adoption

I am puzzled by the adoptions from China. The country has a one child per family policy, and so I would expect that there is a shortage of children, not a surplus. Victoria Victoria There are about 175,000 orphans in state care in China. Most of the children have identified special needs severe eno...
by kiligi
Wed Apr 11, 2012 12:34 am
Forum: Personal Finance (Not Investing)
Topic: The Economics of Adoption
Replies: 30
Views: 3136

Re: The Economics of Adoption

We adopted our daughter domestically a couple of years ago. It was an open adoption and we met the birth mother before our daughter was born and were actually in the hospital when our daughter was born, so we are looking after her since day 1. Worked with a wonderful agency. Couldn't even tell you ...
by kiligi
Tue Apr 10, 2012 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down Mortgage or invest in 529
Replies: 29
Views: 2783

Re: Pay down Mortgage or invest in 529

It depends on your state's tax benefit as well. We get a credit on our taxes of 20% of contributions to our state's 529, up to $1,000 which would be an annual contribution of $5,000. A guaranteed 20% return is pretty sweet! No such luck for us. But if that was available, you could bet your buttons ...
by kiligi
Tue Apr 10, 2012 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: The Economics of Adoption
Replies: 30
Views: 3136

Re: The Economics of Adoption

For the person asking about mainland China adoptions, current wait times are approximately 6 years (and increasing each month). this is not a statement about adoption per se, but if some Chinese bureaucrat tells you there's a N year wait, I bet enough dollars spread around appropriately can make th...
by kiligi
Tue Apr 10, 2012 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down Mortgage or invest in 529
Replies: 29
Views: 2783

Re: Pay down Mortgage or invest in 529

Briefly...thanks to everyone who has commented. Almost everything pointed out has been something we have thought about/discussed, so I feel better that we haven't missed something really obvious (unless someone else comes up with something that we have missed - and if so, please let me know). It sou...
by kiligi
Tue Apr 10, 2012 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down Mortgage or invest in 529
Replies: 29
Views: 2783

Pay down Mortgage or invest in 529

We have been maxing out our retirement options (401k, IRAs and Ibonds). At the same time, we have been pre-paying down our mortgage (just a few hundred a month extra) as well as funding our children's 529s and putting money into taxable as well. But last month, spouse and I started a conversation ab...
by kiligi
Mon Apr 09, 2012 2:09 pm
Forum: Personal Consumer Issues
Topic: Is Ivy League cheaper than State college(or other privates)
Replies: 127
Views: 6386

Re: Is Ivy League cheaper than State college(or other privat

I happened to find this table on the Wellesley College website (http://new.wellesley.edu/admission/finaid) [snip image] The variation within the income bands is so large, especially as income increases , that it is useless to speculate on whether this is cheaper than a State college. Presumably, th...
by kiligi
Sun Apr 08, 2012 9:02 pm
Forum: Personal Consumer Issues
Topic: Is Ivy League cheaper than State college(or other privates)
Replies: 127
Views: 6386

Re: Is Ivy League cheaper than State college(or other privat

Here's my take on applying to a whole bunch: Top schools want to admit folks who want to attend their school. There is that "acceptance ratio" that is an all-important stat. If they give out 5000 acceptance letters and only 10% of those who were accepted attend, that's not good. So the admission co...
by kiligi
Sun Apr 08, 2012 4:12 pm
Forum: Personal Consumer Issues
Topic: Is Ivy League cheaper than State college(or other privates)
Replies: 127
Views: 6386

Re: Is Ivy League cheaper than State college(or other privat

555 Top "out of state" state universities will probably not give top merit aid. Top merit aid is probably going to go to in state kids because it is the out of state kids who pay the big out of state tuition bucks. Top state universities want those big buck out of state tuition dollars. Does this m...
by kiligi
Sun Apr 08, 2012 12:00 pm
Forum: Personal Consumer Issues
Topic: Is Ivy League cheaper than State college(or other privates)
Replies: 127
Views: 6386

Re: Is Ivy League cheaper than State college(or other privat

555 Top "out of state" state universities will probably not give top merit aid. Top merit aid is probably going to go to in state kids because it is the out of state kids who pay the big out of state tuition bucks. Top state universities want those big buck out of state tuition dollars. You would pr...
by kiligi
Sun Apr 08, 2012 11:40 am
Forum: Personal Consumer Issues
Topic: Is Ivy League cheaper than State college(or other privates)
Replies: 127
Views: 6386

Re: Is Ivy League cheaper than State college(or other privat

One other issue here: The cost of the "Name" second-tier schools...Wash U in St Louis, Emory, Vandy, U Chicago, NYU, Northwestern...is the same $60,000 per year as for the "real" Ivies (Harvard Princeton Yale). I would venture to guess that $300,000 all-in for the "real" Ivy vs. $150,000 for a top ...
by kiligi
Wed Apr 04, 2012 7:28 am
Forum: Personal Finance (Not Investing)
Topic: My 21 yo daughter needs to learn how to budget! Help!
Replies: 61
Views: 5539

Re: My 21 yo daughter needs to learn how to budget! Help!

It seems from her expenses that your daughter needs to find employment that pays her $2300 a month after taxes. If she dropped out of school without graduating - that might mean working two jobs...and it might mean that she has to work 60 or more hours a week. These are good, important lessons for y...
by kiligi
Tue Apr 03, 2012 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: The Economics of Adoption
Replies: 30
Views: 3136

Re: The Economics of Adoption

Some other interesting economics of adoption: The adoption tax credit phases out as household income increases - completely phasing out at $169K. So, not all adoptive families are able to take advantage of said tax credit, though I am sure that sympathy is muted for those families not qualifying. Fo...
by kiligi
Tue Mar 27, 2012 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: pay mortgage to avoid judgement
Replies: 21
Views: 2067

Re: pay mortgage to avoid judgement

this might be helpful, it looks like there is limited protection of a primary home ($75K - $150K of equity depending on your county of residence)

http://www.legalconsumer.com/bankruptcy ... #homestead
by kiligi
Thu Mar 22, 2012 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Separate finances, buying house together
Replies: 30
Views: 2603

Re: Separate finances, buying house together

For stay at home moms or dads who feel their value is in the 6 figure range, most people earn less than 6 figures. It doesn't make sense for the working spouse to keep working if the value of the nonworking spouse can bring in more to much more. It does when/if the working spouse makes more than 6 ...
by kiligi
Wed Mar 21, 2012 9:40 am
Forum: Personal Consumer Issues
Topic: Observations with Amazon Prime
Replies: 47
Views: 5880

Re: Observations with Amazon Prime

It wasn't clear if your wife has a Prime membership from your original post, but if she does - she can add up to 4 people to her Prime membership at no additional cost. I have my husband, my sister and my mom on my Prime membership. The people do not need to live at the same address. It is a very c...
by kiligi
Wed Mar 21, 2012 8:49 am
Forum: Personal Consumer Issues
Topic: Observations with Amazon Prime
Replies: 47
Views: 5880

Re: Observations with Amazon Prime

I don't think this is screw you over; I think it's to save them money so they can offer free shipping. Just to restate - I don't think there's anything wrong with Amazon intentionally delaying orders to entice customers to upgrade the shipping. They're just trying to segment the market based on how...
by kiligi
Tue Mar 20, 2012 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Separate finances, buying house together
Replies: 30
Views: 2603

Re: Separate finances, buying house together

Bucky, its complicated. My value system, which is unacceptable to some particularly those with a stay at home spouse, is that everybody should work. Once it is the case that both work, then income disparities are almost certain to be the case. I do not even mind when one outspends the other. Its ju...
by kiligi
Sun Mar 18, 2012 12:02 pm
Forum: Personal Consumer Issues
Topic: Newborn Niece -- Best way to give $1000 towards education?
Replies: 3
Views: 525

Re: Newborn Niece -- Best way to give $1000 towards educatio

Write a check to your niece and be done with it. If you really don't want to put strings on the gift, then it is easy to write the check, put it in a card and send it.
by kiligi
Tue Mar 06, 2012 11:59 am
Forum: Personal Consumer Issues
Topic: Is Tahitian over water bungalow vacation worth the price?
Replies: 90
Views: 8506

Re: Is Tahitian over water bungalow vacation worth the price

I think the answer really depends on what you and your fiance are looking for in a vacation. Having vacationed in Hawaii, the Caribbean and Florida - I will tell you that (for me) beach is beach. Out of all of the places I have gone, my favorite is Sanibel/Captiva (in Florida) because there I can go...
by kiligi
Sat Mar 03, 2012 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: How do you teach your children to save?
Replies: 16
Views: 1824

Re: How do you teach your children to save?

... My 10 year old has a $10/week allowance to her USAA prepaid card for keeping her room in order and helping out when my wife asks her. She can use it to buy apps on her iPhone or Mac. She can also take her prepaid card when she goes out. She bought a pair of sneakers recently on sale for $30. I ...
by kiligi
Fri Mar 02, 2012 10:44 am
Forum: Personal Finance (Not Investing)
Topic: How do you teach your children to save?
Replies: 16
Views: 1824

Re: How do you teach your children to save?

We started our oldest on an allowance around 7 (our younger children caught on before that and started around 4). We pay allowance out monthly and the children must deposit at least 20% of their allowance into their bank accts. We match this savings $ for $, and they get to see their balances increa...
by kiligi
Sat Feb 18, 2012 10:47 am
Forum: Investing - Theory, News & General
Topic: "Can you sum-up your investing philosophy in 10 words?"
Replies: 120
Views: 9162

Re: "Can you sum-up your investing philosophy in 10 words?"

Save all you can, invest what can be lost
by kiligi
Sun Feb 12, 2012 12:52 pm
Forum: Investing - Theory, News & General
Topic: When do you contribute new money?
Replies: 19
Views: 2074

Re: When do you contribute new money?

Get paid monthly, so put money in monthly. If we start to get overweighted in one category (I check about every 6 months), I adjust the automatic contributions to buy more of the underweighted category. We put IRA contributions in as a lump sum every January. Whenever we get a big enough pile of mon...
by kiligi
Wed Feb 08, 2012 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Help with negotiating medical bills
Replies: 64
Views: 3470

Re: Help with negotiating medical bills

This is one reason why I think physicians will continue to move towards cash-only practices as their speciality will allow it. There's a shortage in my profession, and many physicians are completely cutting out insurance. I would love to find a doctor who has fair, transparent cash only prices. Is ...
by kiligi
Sat Feb 04, 2012 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Chase Private Clients
Replies: 4
Views: 5155

Re: Chase Private Clients

I was a private client at Chase for a while and while some of the perks were nice - overall I felt like I spent a lot of time on the phone with my "personal banker Tim" to fix recurring errors on my accounts (like monthly fees that were supposedly waived as a private client but showed up every month...