Search found 129 matches

by Johnny Thinwallet
Fri May 29, 2020 12:37 pm
Forum: Personal Consumer Issues
Topic: Carolina/Virginia Summer Vacation
Replies: 56
Views: 2769

Re: Carolina/Virginia Summer Vacation

Thank you all for the suggestions and tips - this is very helpful. Things have evolved a bit since my original post last night as my wife is really pushing for a more "resort style" place on a beach with a nice pool. So this is likely going to push us out of an OBX type area and more toward some of ...
by Johnny Thinwallet
Thu May 28, 2020 9:05 pm
Forum: Personal Consumer Issues
Topic: Carolina/Virginia Summer Vacation
Replies: 56
Views: 2769

Carolina/Virginia Summer Vacation

All, Looking at taking a vacation to the NC/SC/Virginia region this summer in July. We're driving from Ohio, and we'll have a 3-year-old on the journey along with my wife and I. Time is not necessarily a constraint for us. My wife is a teacher so she has the summer off, and I have plenty of PTO I ne...
by Johnny Thinwallet
Tue May 26, 2020 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Large Canceled Check - Stop payment + Close Account
Replies: 27
Views: 2486

Re: Large Canceled Check - Stop payment + Close Account

True story from a personal experience. I play softball every year and used to run a team, which meant collecting money from players and then paying the league fees to register our team. One time about a decade ago I registered our team and they asked for payment via check. The check was exactly $1,0...
by Johnny Thinwallet
Tue Apr 21, 2020 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Are we spending too much on a house? 28yo & 24yo
Replies: 89
Views: 6113

Re: Are we spending too much on a house? 28yo & 24yo

From a financial perspective, here's our situation for a point of comparison. It's obviously a sample size of 1 so take it for what it's worth. Last year our HHI was $121k, nearly the same as you. Our standard PITI+HOA is $1,600/month, though we pay extra on principal each month so that we're actual...
by Johnny Thinwallet
Mon Apr 13, 2020 6:26 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 351
Views: 27210

Re: [Government stimulus payments]

Stimulus check now showing up as pending in our account with a deposit date of 4/15. It's the exact amount that we expected.
by Johnny Thinwallet
Sat Apr 11, 2020 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 351
Views: 27210

Re: just got my $1200 stimulus payment

Nothing yet in our bank account, though we're expecting $2,900 for a family of three w/one child. If 4/15 is an anticipated deposit day, then I might see the "pending" line item listed on Monday night. The $500 we get for our son will go in our son's savings account. He'll be 3 this summer, and my w...
by Johnny Thinwallet
Fri Apr 10, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: 401k match suspended
Replies: 18
Views: 1789

Re: 401k match suspended

My company has "delayed" its match. It's 6 percent, contributed quarterly. We just received notice that the first quarter contribution is being delayed. The second quarter will probably be delayed as well. If all goes well, they'll get caught up by the end of the year. If not, then it's probably for...
by Johnny Thinwallet
Sun Apr 05, 2020 8:27 am
Forum: Personal Consumer Issues
Topic: What are you doing for haircuts due to coronavirus shutdown?
Replies: 254
Views: 20128

Re: What are you doing for haircuts due to coronavirus shutdown?

I've had buzz cuts for the last 28 years or so since I was about 9-years-old. My parents bought a set of Wahl clippers back in the 90s that my mom uses on my dad and myself. Couldn't get much easier for me. My wife gets her hair done about every 3 months, and the last time she went was mid-to-late F...
by Johnny Thinwallet
Thu Apr 02, 2020 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 180
Views: 10311

Re: Are your personal expenses down during stay home and shelter?

Expenses are down by a pretty big chunk. Entertainment and restaurant expenses are down. My wife can't go to Tj Maxx and shop. Gas expenses are way down. We averaged spending $170/month on gas in 2019. This month we spent a grand total of $34 on gas. Groceries are up a bit as we bought in bulk a few...
by Johnny Thinwallet
Thu Apr 02, 2020 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a New Car in Current Market Conditions
Replies: 17
Views: 1691

Re: Buying a New Car in Current Market Conditions

Before any of this happened, I was considering replacing my car toward the end of the year this year. I have a 2007 Accord, and I would just be replacing it with another Accord, either a new 2020 or a new 2021 (depending on any changes). I briefly gave it a thought on looking to replace my car now, ...
by Johnny Thinwallet
Sat Mar 21, 2020 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: [Work From Home] - What does your company pay for?
Replies: 83
Views: 4528

Re: [Work From Home] - What does your company pay for?

During normal circumstances, I WFH one day per week. SmallCorp issues all employees laptops, and we simply take those laptops home with us to WFH. I don't need to use my phone for work all that frequently, but when I do use it from home I just use my cellphone. They do not reimburse me anything for ...
by Johnny Thinwallet
Wed Mar 18, 2020 9:03 pm
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 492
Views: 41863

Re: The Calm Post - Stay the course thread.

Our target AA is 75/25, but our current AA is 68/32 given the heavy losses. These are retirement accounts; my wife and I are 37/33. The only change I've made so far is redirecting new contributions to all stocks. I've yet to sell bonds to buy stocks and rebalance. Why? A number of reasons, mostly be...
by Johnny Thinwallet
Mon Mar 09, 2020 12:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18838
Views: 2633566

Re: U.S. stocks in free fall

I find these sort of “freak-out” events to be a good emotional barometer for calibrating my long term AA. While I feel good about my current AA (82/18) at age 39 and 20+ years until retirement, current market events do have me re-thinking my glide path and target AA leading right up to and in retir...
by Johnny Thinwallet
Fri Mar 06, 2020 3:28 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1590
Views: 129008

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

There haven't been any confirmed cases in my area yet, but as my dad and I discussed, it's just a matter of time. If not this week, then probably next week or the week after. I'll probably head out this weekend to stock up on a few basic items. I won't go crazy, but really this will be just advance ...
by Johnny Thinwallet
Fri Feb 28, 2020 10:30 am
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 492
Views: 41863

Re: The Calm Post - Stay the course thread.

The only change I've made so far is adjusting all new (future) contributions in our IRAs/401(k) to stocks. Typically those new contributions are set at our target AA, which is 75/25. But we'll be buying all stocks for at least a few paychecks, I imagine. One thing I've started tracking is a graph of...
by Johnny Thinwallet
Wed Feb 26, 2020 8:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18838
Views: 2633566

Re: U.S. stocks in free fall

Weeks like this make me glad I have a lot of 3+% Credit Union CDs and a stock allocation that, if it drops 50%, won't affect my way of life. I am much happier avoiding losses than I am making gains. I learned that over the years and got through 2008 sleeping well with those CDs and I'm not worrying...
by Johnny Thinwallet
Wed Feb 26, 2020 8:16 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18838
Views: 2633566

Re: U.S. stocks in free fall

The next scheduled 2020 Roth DCA contribution for my wife and I is due to be invested at tomorrow's closing price. And because my IPS investment timing on these things always seems to lose, I'm sure we'll see a nice stock rebound. You're all welcome, in advance.

:beer
by Johnny Thinwallet
Fri Feb 14, 2020 10:13 pm
Forum: Personal Consumer Issues
Topic: Best car tires to buy and best place to buy them?
Replies: 17
Views: 1585

Re: Best car tires to buy and best place to buy them?

Discount Tire recently opened locations in my area, and I literally bought a set from them today for the first time. They had a terrific deal going and undercut everyone else by $150 out the door on a specific set of tires I was looking for. They even told me I could start bringing my wife's car in ...
by Johnny Thinwallet
Fri Feb 14, 2020 10:17 am
Forum: Personal Consumer Issues
Topic: Costco Tires
Replies: 95
Views: 8067

Re: Costco Tires

Discount Tire is newer in our region, and I'm trying them out today for the very first time. They smashed a local competitor in price by $150 out the door on the set of tires I'm purchasing, and I'm hoping the experience is as good as the price. I usually inspect my tires with each oil change/rotati...
by Johnny Thinwallet
Fri Feb 07, 2020 3:29 pm
Forum: Investing - Theory, News & General
Topic: 401K Contributions - Payroll vs Processing Time
Replies: 11
Views: 542

Re: 401K Contributions - Payroll vs Processing Time

This has been an on-and-off issue at my employer, and I've raised this as an issue multiple times. For the most part, it's been fixed but it's not perfect. The short answer is it all depends on when payroll/accounting decides to send the deposit in. For small employers, that means it can be up to th...
by Johnny Thinwallet
Tue Feb 04, 2020 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Not going on the last leg of the flight
Replies: 32
Views: 3445

Re: Not going on the last leg of the flight

I did this once about 10 years ago on a return flight home. I had a ride and one small carry on bag so no checked luggage and no car to worry about picking up. Got off the plane, walked out to meet my ride and got home two hours earlier.
by Johnny Thinwallet
Tue Feb 04, 2020 7:11 pm
Forum: Personal Consumer Issues
Topic: Would you drive without a spare tire?
Replies: 193
Views: 11299

Re: Would you drive without a spare tire?

My wife got a flat just last fall which required changing out to a spare tire. She drove through a construction zone right before the flat so it was likely a road hazard in the construction zone. Fortunately she was able to get into a gas station parking lot, which made everything significantly safe...
by Johnny Thinwallet
Sat Feb 01, 2020 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: FreeFillable Forms Missing Form 8889
Replies: 17
Views: 2952

Re: FreeFillable Forms Missing Form 8889

Count me as one also waiting on Form 8889, and I also Free Fillable Forms. I've completed as much as I can in the system and I'm just in a holding period now. At least when 8889 becomes available it should be a breeze to pick up where I left off and get them submitted. We're only expecting a very sm...
by Johnny Thinwallet
Fri Jan 31, 2020 9:30 pm
Forum: Investing - Theory, News & General
Topic: Do You Do Your Taxes by Hand? Reporter doing story
Replies: 108
Views: 7813

Re: Do You Do Your Taxes by Hand? Reporter doing story

I use free fillable forms, which is essentially doing taxes by hand. My dad taught me how to do my taxes by hand using pen and paper when I held part-time jobs in high school and college and for many years I actually snail-mailed my hand written taxes. I've used free fillable forms and filed electro...
by Johnny Thinwallet
Fri Jan 31, 2020 8:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18838
Views: 2633566

Re: U.S. stocks in free fall

I can’t win. Every time I refinance within a few weeks rates come barreling down. I’ve gone from 4.25 to 3.875 to 3.625. Without a doubt I could be in a sub 3.5% 30yr mortgage if I had waited an extra 2 months. C’est la vie... Same here. My mortgage rate lock timing skills are awful as I've gone fr...
by Johnny Thinwallet
Thu Jan 30, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1618
Views: 147471

Re: Refinance Mega Thread

Closing next week on a refinance through a local bank on a 30-year fixed at 3.5% with only around $300 in total closing costs. We're moving from a 4.125% fixed down to 3.5% so it was an easy decision. That said, I have a history of poorly timed mortgage loan rate locks. Given my history I fully expe...
by Johnny Thinwallet
Thu Jan 30, 2020 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: current 8606, when?
Replies: 7
Views: 881

Re: current 8606, when?

I've been waiting for Form 8889 (HSA) to be loaded onto Free Fillable Forms, but I have no idea when that might be. It looks like the IRS just released the form on their website a few days ago, but it's not yet loaded onto the fillable forms section. Presumably I could print everything out and mail ...
by Johnny Thinwallet
Sat Jan 11, 2020 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Ghosted by Best Buy?
Replies: 41
Views: 6094

Re: Ghosted by Best Buy?

Jobs like that too often treat employees poorly. Then those same employers grumble when employees turn around and treat the job poorly. One of my many high school/college jobs was at a Toys R Us warehouse distribution center during my first year of college. I worked there for six months from 2000-01...
by Johnny Thinwallet
Fri Jan 03, 2020 2:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18838
Views: 2633566

Re: U.S. stocks in free fall

Somehow I timed two things right this week: 1) I contributed $3k yesterday to Roth to start 2020 for my wife and I. Both our IRAs needed some rebalancing so I just bought total bond with the entire $3k. It won't make a difference over the long haul but for one day, at least, I lucked out. We'll DCA ...
by Johnny Thinwallet
Sun Dec 29, 2019 10:09 pm
Forum: Personal Consumer Issues
Topic: Am I spending to much on furnishing my new home?
Replies: 53
Views: 3932

Re: Am I spending to much on furnishing my new home?

BTW, I want to add in a congrats to the OP. I think it's impressive that you're in a very nice position financially given your situation. If you have a net worth of nearly $100k at the age of 23 after growing up in a toxic household, then I'd say you're doing very well for yourself and you should be...
by Johnny Thinwallet
Sun Dec 29, 2019 9:57 pm
Forum: Personal Consumer Issues
Topic: Am I spending to much on furnishing my new home?
Replies: 53
Views: 3932

Re: Am I spending to much on furnishing my new home?

I can provide a similar set of data points you can use as a reference. I bought my first condo in the midwest in 2010 for $97,500 and had to furnish most of the 1,100 square foot place upon buying and moving in. Salary at the time was $38k. My total net worth at the time was around $50k. IIRC, I spe...
by Johnny Thinwallet
Wed Nov 27, 2019 12:59 pm
Forum: Personal Consumer Issues
Topic: I wish I could ignore it...but I can't (ZILLOW!)
Replies: 68
Views: 9759

Re: I wish I could ignore it...but I can't (ZILLOW!)

I keep a net worth spreadsheet where I track a few values about my house over time: mortgage remaining, amount paid off (and percentage), and approximate current value. I base my house's percentage of my net worth based on approximate current value minus amount remaining on my mortgage. For the app...
by Johnny Thinwallet
Sat Nov 23, 2019 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Selling truck on Craigslist
Replies: 42
Views: 2140

Re: Selling truck on Craigslist

We sold my wife's old car on Craigslist back in 2017 for $2,700. I used an old Yahoo email address for the public listing rather than my primary email address. I used that email account as a filter to weed out the scams. I remember a few scam emails saying "we'll wire you the money and a friend can ...
by Johnny Thinwallet
Sat Nov 16, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: $500 KeyBank bonus worth it?
Replies: 36
Views: 4714

Re: $500 KeyBank bonus worth it?

Got a mailer a few weeks ago for a $400 KeyBank bonus. It's been sitting on my desk as I'm undecided whether to pursue it. I just checked my mail today, and they decided to send me a reminder about the bonus offer that's been sitting on my desk. It's tempting, especially because there's a branch lo...
by Johnny Thinwallet
Fri Nov 15, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: $500 KeyBank bonus worth it?
Replies: 36
Views: 4714

Re: $500 KeyBank bonus worth it?

Got a mailer a few weeks ago for a $400 KeyBank bonus. It's been sitting on my desk as I'm undecided whether to pursue it. I just checked my mail today, and they decided to send me a reminder about the bonus offer that's been sitting on my desk. It's tempting, especially because there's a branch loc...
by Johnny Thinwallet
Wed Nov 13, 2019 8:58 am
Forum: Personal Consumer Issues
Topic: Would you buy a Galaxy S9 now?
Replies: 31
Views: 2076

Re: Would you buy a Galaxy S9 now?

I believe BestBuy is going to offer an unlocked Pixel 3a for $199 on Black Friday. My wife is using the remaining / surviving S6 (4 years old on on its last leg) and so I am looking at replacing it either with a similar Motorola or the Pixel. Thanks for posting. $199 for the 3a is quite good consid...
by Johnny Thinwallet
Sat Nov 09, 2019 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Baby Coming - Is our math right to choose HDHP over PPO?
Replies: 10
Views: 1373

Re: Baby Coming - Is our math right to choose HDHP over PPO?

“you want the bills that you can negotiate to hit your insurance before the bills that you're not able to negotiate. ” Can you further explain this? I assume if you hit your deductible or MOOP with the negotiable bills, and the insurance company picks up the non-negotiable bills either with co-insu...
by Johnny Thinwallet
Fri Nov 08, 2019 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Baby Coming - Is our math right to choose HDHP over PPO?
Replies: 10
Views: 1373

Re: Baby Coming - Is our math right to choose HDHP over PPO?

“you want the bills that you can negotiate to hit your insurance before the bills that you're not able to negotiate. ” Can you further explain this? I assume if you hit your deductible or MOOP with the negotiable bills, and the insurance company picks up the non-negotiable bills either with co-insu...
by Johnny Thinwallet
Thu Nov 07, 2019 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Baby Coming - Is our math right to choose HDHP over PPO?
Replies: 10
Views: 1373

Re: Baby Coming - Is our math right to choose HDHP over PPO?

Based on your info, it looks like the two HDHPs are really close to each other. Whether one is better than the other may depend on your tax bracket and the coinsurance percentages once you hit the deductible but before the OOP max. I'd go with one of the HDHPs and then max out your HSA (so add $5,60...
by Johnny Thinwallet
Sat Oct 12, 2019 3:39 pm
Forum: Personal Consumer Issues
Topic: If we visit Shenandoah and Blue Ridge Parkway, do we "need" to see Great Smoky Mtns. NP, too?
Replies: 52
Views: 5871

Re: If we visit Shenandoah and Blue Ridge Parkway, do we "need" to see Great Smoky Mtns. NP, too?

This is a great question, especially because for my wife it's actually the opposite question. Neither one of us has been to Shenandoah, but I've been to Great Smoky Mountains a few times and my wife has been probably a dozen times. Her family went to Great Smoky Mountains every other year for more t...
by Johnny Thinwallet
Tue Sep 17, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 495
Views: 57953

Re: Selling home- Demanding Buyer (Repairs)

OP, I haven't read every post in this thread but I've followed it along loosely enough to have a general understanding of your situation. I think right now you have to decide what's the higher priority for your situation. Whether it's trying to get good value ($$) for the place, or just unloading it...
by Johnny Thinwallet
Tue Aug 20, 2019 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Are there advantages to being married to a teacher?
Replies: 111
Views: 7676

Re: Are there advantages to being married to a teacher?

My wife is a public school teacher here in Ohio, and I would say there are plenty of advantages. She has a good pension through STRS Ohio, which under current law (caveat: subject to change) would provide a good pension at age 60 and 35 years. She also has very good healthcare. Our total premiums fo...
by Johnny Thinwallet
Sun Aug 04, 2019 7:55 am
Forum: Personal Consumer Issues
Topic: Dentist: Is this acceptable?
Replies: 70
Views: 6723

Re: Dentist: Is this acceptable?

My dentist does everything. He examines my teeth, he cleans my teeth thoroughly in all aspects (scraping, polishing and flossing) and he does x-rays when needed. He is the only person in the office that does anything with my teeth. This is the actual dentist, not the hygienist. My appointments are ...
by Johnny Thinwallet
Sat Aug 03, 2019 7:02 pm
Forum: Personal Consumer Issues
Topic: Dentist: Is this acceptable?
Replies: 70
Views: 6723

Re: Dentist: Is this acceptable?

My dentist does everything. He examines my teeth, he cleans my teeth thoroughly in all aspects (scraping, polishing and flossing) and he does x-rays when needed. He is the only person in the office that does anything with my teeth. This is the actual dentist, not the hygienist. My appointments are t...
by Johnny Thinwallet
Fri Jul 19, 2019 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment for second mortgage before selling first
Replies: 3
Views: 450

Re: Down payment for second mortgage before selling first

We did this last year, and we just liquidated savings. We still had about $15-20k in liquid cash savings during the short time that we owned two properties. The primary reason I did this was a combo of many things, 1) we could easily cash flow both mortgages, 2) we had some battles with the sellers ...
by Johnny Thinwallet
Wed Jul 17, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: How unpleasant is the home buying/selling experience??
Replies: 40
Views: 4136

Re: How unpleasant is the home buying/selling experience??

Option 2. Not even close. Financially it can cost a lot of money to sell a house. Then there's the aggravation on top all of it. We sold our condo and upgraded to a house last summer. We even bought our house before listing our condo (so no contingency on having to sell one place to buy the other). ...
by Johnny Thinwallet
Wed Jul 17, 2019 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 137
Views: 15677

Re: House not appraising for amount we were offered!

We had appraisal issues last year selling our condo, though they were for far less dollar figures than your issue (only $2,500 difference). This was a hot market and everything below $300k - houses and condos - were selling in less than a day. The tricky thing for us, however, was that our agent's t...
by Johnny Thinwallet
Mon Jun 17, 2019 8:41 pm
Forum: Personal Consumer Issues
Topic: Termites or Ants in Garden?
Replies: 17
Views: 1503

Re: Termites or Ants in Garden?

Appreciate all the responses and tips. Today we raked all the old mulch out, bagged it and disposed of it properly off our property. Total of six bags filled as heavy as I could carry them. We found more termites in the garden, but far less than yesterday when we were first started raking. Ants were...