Search found 1270 matches

by Jags4186
Mon Oct 16, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 2810

Re: Bonus pushed back - should I be annoyed?

Games with the bonus and raises were some of the main reasons I left my prior company. I work as a manufacturer rep and the “bonus” is part of my compensation package. Sell X get Y bonus. That was all fine and dandy until November payouts and raises became February payouts, then February payouts bec...
by Jags4186
Sat Oct 14, 2017 3:56 pm
Forum: Personal Consumer Issues
Topic: Citi Price Rewind iPhone 7 Did They Pay You?
Replies: 12
Views: 1410

Re: Citi Price Rewind iPhone 7 Did They Pay You?

I always do price rewind on everything and have been pretty happy. A pair of pants, phone case, video game—I would say I have a >50% success rate. I also do strategic price rewinds to avoid shipping fees or capitalize on known upcoming sales. On a strategic purchase with intent of a price rewind I f...
by Jags4186
Sat Oct 14, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Silly accounting question [How do I record these transactions?]
Replies: 7
Views: 724

Re: Silly accounting question

If you really want to get anal about it you should treat your car as a capital asset and depreciate it every month. Be sure to subtract the residual value of the old tires from the asset. The $400 tires would be an addition to the asset but the labor to mount them would be an automobile expense. Sa...
by Jags4186
Sat Oct 14, 2017 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Silly accounting question [How do I record these transactions?]
Replies: 7
Views: 724

Silly accounting question [How do I record these transactions?]

I’m incredible anal about tracking my income and expenses. What is the “correct” way to record these types of transactions...I’ll tell you how I do it for reference. I buy tires for $400. $400 expense I buy tires for $400. I have a $20 off coupon. I pay $380. $380 expense. I buy tires for $400. I su...
by Jags4186
Fri Oct 13, 2017 11:07 am
Forum: Personal Consumer Issues
Topic: Which Streaming Service/Live TV?
Replies: 53
Views: 4313

Re: Which Streaming Service/Live TV?

I still think if you are a heavy TV watcher it still makes sense to have cable. Where I am internet alone is very expensive (I'm sure on purpose)--it costs me $68/mo with Comcast for 25 down/5 up and we only have 1 choice of provider. The lower package is $49.99 + tax and is only 3mbps down/1mbps up...
by Jags4186
Thu Oct 12, 2017 3:00 pm
Forum: Personal Consumer Issues
Topic: Going First Class
Replies: 42
Views: 2303

Re: Going First Class

Depending where you fly and your ability to take advantages of deals, it’s not all that more expensive to fly first class vs coach if you are flexible. There are regularly sub $2000 deals to fly business class/first class to Europe and many sub $1000 first class fares within the US. Non deal prices ...
by Jags4186
Thu Oct 12, 2017 6:50 am
Forum: Personal Consumer Issues
Topic: Is there boglehead consensus on buying a car?
Replies: 73
Views: 4758

Re: Is there boglehead consensus on buying a car?

The trick with buying used vs new IMO is the mindset. When I buy new I want *exactly* what I want. I don’t accept the dealer telling me they can’t get a certain color combination, I just go to a different dealer. But buying used is more than just a trade off on color combinations. It’s a true trade ...
by Jags4186
Wed Oct 11, 2017 6:54 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2243
Views: 390917

Re: What's Your Credit Card Rewards Strategy?

Any suggestions for a no-fee mileage card that'll help me keep my United miles from expiring? I've had a mileageplus card with an annual fee for years, but I don't fly much anymore and so it's not worth the $95 in fees. I want to cancel the card, but keep my miles from expiring. For my everyday spe...
by Jags4186
Sun Oct 08, 2017 10:16 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2245

Re: Spouse gets blowouts?

OP, <<We bank $148k per year on $260k income, >> If you save enough, you can spend the rest. In your case, it is definitely the case. So, why worry about the tree in the forest? I save 30+% of my gross income. I just spent $1,700 on a folding electric bike. KlangFool Be careful, Klang. You might en...
by Jags4186
Sun Oct 08, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2245

Re: Spouse gets blowouts?

You should feel lucky that your spouse only has a $2000 a year habit.
by Jags4186
Sun Oct 08, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: 3x gross income = house purchase price, should interest rate be taken into account?
Replies: 26
Views: 2120

Re: 3x gross income = house purchase price, should interest rate be taken into account?

A traditional rule of thumb for home buying as been to use this formula: 3 * gross income = purchase price of home panchilly, 1) That is not a conservative rule of thumb. 2) A conservative rule of thumb would be House Price = 1/3 of Net Worth excluding the house. KlangFool Your rule of thumb rules ...
by Jags4186
Fri Oct 06, 2017 3:36 pm
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 137
Views: 13502

Re: Bogle himself is saying we will expect like 3% for the next decades

Just because he’s right about expenses doesn’t mean he’s right about everything.
by Jags4186
Fri Oct 06, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Anyone go 100% Ally or another online bank for all banking needs?
Replies: 61
Views: 4903

Re: Anyone go 100% Ally or another online bank for all banking needs?

Couldn't you just use an ATM for a cash deposit, same as with a check? I don't know if that is an option or not. Nope. Most ATMs will not accept deposits. Those that do only allow you to make deposits to accounts at their respective banks. Maybe I make a cash deposit once every year or two, but hav...
by Jags4186
Fri Oct 06, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating merit scholarships
Replies: 32
Views: 1964

Re: Negotiating merit scholarships

They already made you an offer. There are plenty of other kids who will go there with that offer. I doubt you will have success in getting more money out of them.
by Jags4186
Fri Oct 06, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Anyone go 100% Ally or another online bank for all banking needs?
Replies: 61
Views: 4903

Re: Anyone go 100% Ally or another online bank for all banking needs?

I have a TD Bank account with $100 in it to keep it fee free so I can quarters for the laundry machines. Very convenient because they're open on Sundays which is usually when I do laundry and always seem to have no quarters! Other than that I'm 100% online. We have $40,000 earning 4.59% interest at ...
by Jags4186
Fri Oct 06, 2017 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Where do you think the money will come from to move the overall market higher?
Replies: 31
Views: 2217

Re: Where do you think the money will come from to move the overall market higher?

Every two weeks the market gets $1384 from my wife and me and another $285 from our employers. I suspect for many people on the board it is similar.
by Jags4186
Thu Oct 05, 2017 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Bogle-oriented financial advisor in my area
Replies: 13
Views: 1197

Re: Bogle-oriented financial advisor in my area

Full boglehead literally requires no advisor. You plunk your money in 3 funds, Total US, Total Int’l, Total US Bond. Fidelity offers these funds as cheap or cheaper than Vanguard.
by Jags4186
Thu Oct 05, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much worth house should one buy?
Replies: 73
Views: 4111

Re: How much worth house should one buy?

... Don't forget the opportunity cost of capital sitting in home equity - that's a big one. In return for which you don't have to pay a landlord any profit. You get your housing at cost. Essentially, you serve as your own landlord. Each individual or family makes their own choice. One can rent a ho...
by Jags4186
Thu Oct 05, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much worth house should one buy?
Replies: 73
Views: 4111

Re: How much worth house should one buy?

travellight wrote:
Thu Oct 05, 2017 9:59 am
very sensible approach. Looks like the calculations end up being about 3x annual earnings. 320k mortgage is about $1500/month. I think that translates to about 22.5% of income monthly.
It’s actually about a $256k mortgage with $64k down.
by Jags4186
Thu Oct 05, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: How much worth house should one buy?
Replies: 73
Views: 4111

Re: How much worth house should one buy?

I understand that many factors such as income, debt, expenses, market, family size play a role in how much worth house one should buy but is there a general rule or a common sense rule that monthly house payment shouldn't exceed certain % of the gross house hold income? What is the safest margin to...
by Jags4186
Wed Oct 04, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2243
Views: 390917

Re: What's Your Credit Card Rewards Strategy?

Walmart charges $4.94 for a $500 card, so under 1%. Thank you, Jags4186, Do you know if I could: use VGCs to load into my Amazon account? use VGCs to buy Costco cash cards? . buy 3 x $500 VGCs during a single visit to a Walmart? Victoria You can use them to do anything you normally would with a vis...
by Jags4186
Wed Oct 04, 2017 8:17 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2243
Views: 390917

Re: What's Your Credit Card Rewards Strategy?

Does anyone know if any department stores sell Amazon gift cards? I have missed most of the 3Q2017 Chase Freedom 5x rewards and was hoping to pick up some this quarter. Victoria I just plan on buying VGCs at Walmart. Have car insurance to pay this quarter so easy enough to drain there. I doubt depa...
by Jags4186
Wed Oct 04, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2243
Views: 390917

Re: What's Your Credit Card Rewards Strategy?

Does anyone know if any department stores sell Amazon gift cards? I have missed most of the 3Q2017 Chase Freedom 5x rewards and was hoping to pick up some this quarter. Victoria I just plan on buying VGCs at Walmart. Have car insurance to pay this quarter so easy enough to drain there. I doubt depa...
by Jags4186
Wed Oct 04, 2017 7:24 am
Forum: Personal Consumer Issues
Topic: Where/when to get good deals on athletic shoes
Replies: 24
Views: 1345

Re: Where/when to get good deals on athletic shoes

I'm not sure what you mean by athletic shoes, but I've been buying used running shoes from eBay for the past few years. I know the exact brand/model/size that I wear, so it is just a matter of finding a pair that has only been used minimally. My Saucony's MSRP is around $120-130. I typically buy th...
by Jags4186
Wed Oct 04, 2017 7:14 am
Forum: Investing - Help with Personal Investments
Topic: to good to be true? [Investing in Real Estate Company]
Replies: 27
Views: 2123

Re: to good to be true?

You and, if you have one, your spouse can each open checking accounts at Consumers Credit Union and by jumping through a few hoops can each earn 4.59% on up to $20k/yr.

My wife and I both do this. It pays out every month like clockwork.
by Jags4186
Tue Oct 03, 2017 9:24 pm
Forum: Personal Consumer Issues
Topic: Visiting Paris - should we buy tickets in advance?
Replies: 37
Views: 1605

Re: Visiting Paris - should we buy tickets in advance?

I vote no. The French go on strike a lot. You should buy no more than a few days in advance otherwise you risk buying tickets you can’t use.
by Jags4186
Tue Oct 03, 2017 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card budget
Replies: 10
Views: 1060

Re: Credit card budget

I spend more money in 1 particular situation with a CC. The “oh I need this let me get it off amazon” when if I really had to drag myself to the store to buy it I probably wouldn’t. But that would happen whether I used a credit card, debit card, PayPal connected to checking so not really credit card...
by Jags4186
Tue Oct 03, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Payroll shenanigans and their implications
Replies: 48
Views: 3460

Re: Payroll shenanigans and their implications

Run, don’t walk, to a new job.
by Jags4186
Tue Oct 03, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 6008

Re: Are credit cards rewards worth it?

When I say very minor I mean in terms of annual income. Credit card spending as a percentage of annual income for me is maybe 30%. All depends on how you do it. My credit card "spend" has (sometimes vastly) exceeded my annual income for the last five years. Can you explain how your credit card spen...
by Jags4186
Tue Oct 03, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 6008

Re: Are credit cards rewards worth it?

When I say very minor I mean in terms of annual income. Credit card spending as a percentage of annual income for me is maybe 30%. All depends on how you do it. My credit card "spend" has (sometimes vastly) exceeded my annual income for the last five years. Can you explain how your credit card spen...
by Jags4186
Tue Oct 03, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 6008

Re: Are credit cards rewards worth it?

Just curious: more than anything, I am curious to know your weighted average cash-back rate (rather than how much you spend, but one gives the other) I’m already in bed (early morning tomorrow), but I will look at Quicken tomorrow afternoon and see if I can get an annual spend and reward with each ...
by Jags4186
Mon Oct 02, 2017 5:03 pm
Forum: Personal Consumer Issues
Topic: On the video games path - how to set it up with younger kids
Replies: 36
Views: 2009

Re: On the video games path - how to set it up with younger kids

vveat wrote:
Mon Oct 02, 2017 11:10 am
Money is not a particular problem either (we could make them save for a console, but may be better to buy it for them to have more control over use).
For what it’s worth my parents made me buy all my video games and they exerted 100% control over them as well.
by Jags4186
Sun Oct 01, 2017 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Budgets: how do you track irregular income and expenses
Replies: 35
Views: 2347

Re: Budgets: how do you track irregular income and expenses

I keep tabs of everything for the month they occur in. For example, my semi annual car insurance bill is due this October. It is $1350. I have a line item for $1350 for car insurance in my October budget. This simply means I save less in October. I do not have any months where my expenses are more t...
by Jags4186
Sat Sep 30, 2017 7:01 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16183

Re: 3 Comma Club - Still Working and LBYM

NYCguy wrote:
Sat Sep 30, 2017 6:41 pm
All right, I feel like a dummy. How can I edit the title of my post?
You don’t. You accept the ridicule for messing up a humblebrag post. ;-)
by Jags4186
Fri Sep 29, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: How much liquid Cash to Keep in Savings
Replies: 35
Views: 4645

Re: How much liquid Cash to Keep in Savings

If you are generating 5% annually on your $40k you can even consider it as part of your bond portfolio and hold more equities in your investments. If you are generating 5% on your emergency savings please let the rest of us know how you are pulling this one off. :wink: :sharebeer Read the first 2 p...
by Jags4186
Fri Sep 29, 2017 6:33 am
Forum: Personal Finance (Not Investing)
Topic: How much liquid Cash to Keep in Savings
Replies: 35
Views: 4645

Re: How much liquid Cash to Keep in Savings

You can have the best of both worlds. Keep your 40k in cash but chase savings bonuses to generate return. For example, Chase usually runs a $200 for depositing $15,000. Open two Chase accounts (one in your name, one in your spouse’s name) deposit the money, get your $400 after 2 or 3 months, then mo...
by Jags4186
Thu Sep 28, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 69
Views: 7299

Re: What are your monthly expenses?

YTD my wife and I have spent $43,507 of which $13,910 is rent. I guess we aren’t as frugal as I thought even though I feel like we don’t really do anything.

In January I plan on sharing with the community our entire years expenses. It will be the first full calendar year we have been married.
by Jags4186
Thu Sep 28, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house? ("Small Law" edition)
Replies: 19
Views: 2284

Re: Can we afford this house? ("Small Law" edition)

Is $240k your salary or is that salary + bonus? If just salary, what types of bonuses you can expect? If that’s salary + bonus what’s your base salary? Since you’re a partner does this mean your pay will be pretty steady going forward or are there opportunities for increases going forward? You say y...
by Jags4186
Thu Sep 28, 2017 1:06 pm
Forum: Personal Consumer Issues
Topic: Rental Car Scam--Insurance claim or credit card chargeback?
Replies: 9
Views: 1549

Re: Rental Car Scam--Insurance claim or credit card chargeback?

I’m happy to report Chase will be issuing a check to me for $730 after filing a claim. Pretty happy with the turn around. From incident to claim approval in under 3 weeks.
by Jags4186
Thu Sep 28, 2017 7:18 am
Forum: Investing - Theory, News & General
Topic: Which is better a Cryptocurrency or Gold?
Replies: 99
Views: 6123

Re: Which is better a Cryptocurrency or Gold?

Also, do you see the inefficiencies of going to the store, buying a disc, and placing in your Blu-ray player? You lose time, money, and now you have to store the disc and bring it with you to have access. If instead you had purchased a 'digital' copy you can take it access it at work, home, vacatio...
by Jags4186
Wed Sep 27, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Down Payment Sub-optimal?
Replies: 54
Views: 4347

Re: 20% Down Payment Sub-optimal?

Does anyone know if conventional mortgage interest rates are always better with the more you put down? As in, if you put down 5%, will your rate be worse than if you put down 20%? I believe so. What about 15% instead of 20%? Just curious if there's a percentage where it plateaus. Would be a helpful...
by Jags4186
Wed Sep 27, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: 4% rule and timing
Replies: 16
Views: 2297

Re: 4% rule and timing

aristotelian wrote:
Wed Sep 27, 2017 3:24 pm
Person B should immediately declare his retirement as soon as he hits FI, then "go back to work to earn some extra money" the very next day.
that makes a lot of sense :happy
by Jags4186
Wed Sep 27, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: I inherited a life insurance policy that is upside down?
Replies: 21
Views: 2037

Re: I inherited a life insurance policy that is upside down?

I agree with the above poster with regards to cash surrender value--you usually can only borrow against cash value of the policy. I don't think you can go into the red to your own life insurance policy.
by Jags4186
Wed Sep 27, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Down Payment Sub-optimal?
Replies: 54
Views: 4347

Re: 20% Down Payment Sub-optimal?

The OP doesn’t consider that by not saving up 20% you haven’t demonstrating your ability to live below your means which is usually a prerequisite for being able to afford a home. ... If you can’t save a measly $50k then maybe you can’t afford a $250k house? What if they LBYM but their money is stas...
by Jags4186
Wed Sep 27, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: 20% Down Payment Sub-optimal?
Replies: 54
Views: 4347

Re: 20% Down Payment Sub-optimal?

The OP doesn’t consider that by not saving up 20% you haven’t demonstrating your ability to live below your means which is usually a prerequisite for being able to afford a home. If your rent is $1000/mo and the refrigerator goes, you still pay $1000 that month. If you get an invasion of ants and t...
by Jags4186
Wed Sep 27, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: HSA distribution exceeds contribution limit
Replies: 13
Views: 533

Re: HSA distribution exceeds contribution limit

I don't quite follow, reimburse myself? I have an HSA that writes checks and has a debit card. I pay all doctor bills/medications/etc from that account. My question was, would one be penalized if one's qualified distributions(what we had to pay doctors) exceeded the contribution limits? As I would ...
by Jags4186
Wed Sep 27, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: HSA distribution exceeds contribution limit
Replies: 13
Views: 533

Re: HSA distribution exceeds contribution limit

You don’t need to reimburse yourself when the expense occurs. You can partial reimburse yourself now, and then when you have more money in the account you can reimburse yourself the rest later. I would keep the bills “whole” until then. In your example, reimburse yourself the $6k this year and then ...
by Jags4186
Wed Sep 27, 2017 10:19 am
Forum: Investing - Theory, News & General
Topic: 4% rule and timing
Replies: 16
Views: 2297

4% rule and timing

So we all know about the 4% rule. My question is how does it jive with the following scenario: Person A retires with $1,000,000 portfolio with a 50/50 asset allocation needing $40,000 to pay his bills. 3 months in there's a 50% drop in the market and he now has $740,000 ($250k equity loss and $10k i...
by Jags4186
Wed Sep 27, 2017 9:19 am
Forum: Investing - Theory, News & General
Topic: Which is better a Cryptocurrency or Gold?
Replies: 99
Views: 6123

Re: Which is better a Cryptocurrency or Gold?

I don’t understand how cryptocurrencies have value and I can’t invest in anything I don’t understand. To me it is just too highly speculative (people buy it because other people have bought it...does anyone spend bitcoin?). Dollars have value because the United States government says you have to pay...
by Jags4186
Wed Sep 27, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: 20% Down Payment Sub-optimal?
Replies: 54
Views: 4347

Re: 20% Down Payment Sub-optimal?

OP here, and everyone, again, I didn't write my post. It's copied from another site on the internet from a post by a person I do not know. I just thought they made some interesting points and was curious what those here thought. I have the money to do both a minimal down payment and also 20% (if an...