Search found 821 matches

by BeneIRA
Sat May 30, 2020 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 180
Views: 10299

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

Anyone else not renewing their car registration for the upcoming year? Just saved myself $300 by filling for "planned non-operation" with the DMV. Will call the insurance company next. $300? Is California car registration that expensive or are you saving in insurance premiums? Yes CA registration i...
by BeneIRA
Fri May 29, 2020 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Am I spending too much on rent?
Replies: 13
Views: 1280

Re: Am I spending too much on rent?

No, that is not too much. That would be considered cheap in my area. Your house payment should, ideally, be 25% or less of your gross pay. In this case it looks like you are well within that. Also sounds like you can expect an increase come renewal time, so if you like the place, I would try and neg...
by BeneIRA
Sun May 24, 2020 12:11 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 367
Views: 28709

Re: The axe falls and I am prepared. What's next?

Folks, So, it happened. I will be laid off by the end of June. The basic financial stuff: B) 1 year subsidized medical insurance. C) 1 year COBRA These two items are what stuck out to me. I read three or so pages of this thread and saw a couple of people mention it as well, but these things do not ...
by BeneIRA
Sat May 23, 2020 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Approaching 40, worried about financial future
Replies: 121
Views: 12156

Re: Approaching 40, worried about financial future

The OP makes $83k, which is more than double the "average Joe". In fact it puts him in the top 20%. And he lives in a 350k house. There's the problem. Cutting the cable bill and avoiding the $5 coffee is only going to do so much when you live in a house that's over 4x annual income and have 3 kids....
by BeneIRA
Sat May 23, 2020 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card perks besides cash/points?
Replies: 19
Views: 1545

Re: Best credit card perks besides cash/points?

I generally use credit cards to get best cash rewards. In the past I did make selective purchases for specific charges such as AMEX for extended warranty, Citi Double Cash if I thought I might be able to use price rewind. Now that so many cards have trimmed perks, what are your favorite perks (not ...
by BeneIRA
Sat May 23, 2020 9:13 am
Forum: Personal Consumer Issues
Topic: 2016 Honda Civic Air Conditioning issues
Replies: 16
Views: 890

Re: 2016 Honda Civic Air Conditioning issues

I had a similar issue last year. Luckily or unluckily, I live in a climate where there is not hot weather for much of the year, so I can live with it. My mechanic told me the AC units on Civics are notorious for failing. A Google search echoes that sentiment. Best of luck, I do not remember reading ...
by BeneIRA
Tue May 19, 2020 9:43 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring Help
Replies: 68
Views: 2939

Re: Engagement Ring Help

Big fan of James Allen. Got the engagement ring and band there. Prices were much better than brick and mortar. Unless you have to, I would avoid brick and mortar jewelry stores, who will rob you worse than a pickpocket on a crowded subway.
by BeneIRA
Tue May 19, 2020 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for grocery rewards
Replies: 37
Views: 2808

Re: Best credit card for grocery rewards

Now that the majority of our spending goes to groceries, I am curious what do you recommend in terms of best credit card for earning rewards in that category? I have a Discovery card that earns 5% in grocery for 3 months ( Jan-Mar) but now we hardly spend on anything else so it's not really useful....
by BeneIRA
Mon May 18, 2020 5:07 pm
Forum: Personal Consumer Issues
Topic: Password vault or generator?
Replies: 74
Views: 3925

Re: Password vault or generator?

Surprised no one mentioned Chrome's built-in password manager. It works across all devices without additional installs or configuration so long as you use Chrome browser. I much prefer the simplicity and portability it offers to any third-party alternatives that may not even be free. And I trust Go...
by BeneIRA
Sat May 16, 2020 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?
Replies: 62
Views: 3734

Re: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?

If you have to worry about such a situation, then you shouldn't have not bought the car in the first place. Think about it. Financial security before splurging. The calculus is much different with the $1,500 a month second job the OP had. Essentially, they were working for the most part to afford t...
by BeneIRA
Sat May 16, 2020 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?
Replies: 62
Views: 3734

Re: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?

the car isn’t in my regular budget. I was funding it from a side hustle that generated net income of $1500+ per month (that I never counted as recurring income - despite having it for the past two years). Once the pandemic hit, I shut down that side business indefinitely (and doubt that I will be a...
by BeneIRA
Sat May 16, 2020 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changing Decision [Mortgage Down Payment]
Replies: 17
Views: 2152

Re: Life Changing Decision

You can absolutely afford this house without question even setting aside the inheritance and the equity from your home sale. Good for you living below your means. My first instinct is that you should go ahead and put down the $250,000 on the house as a down payment. With interest rates collapsing, a...
by BeneIRA
Sat May 16, 2020 8:56 pm
Forum: Investing - Theory, News & General
Topic: "The economy is in free fall. So why isn't the stock market?"
Replies: 153
Views: 15630

Re: What does Market know, that we did not know?

Nothing happening right now is really a shock. There were quite a few unknown unknowns and known unknowns back in March when market volatility was extremely high. After that, it became pretty easy to forecast. There are going to be "X" number of deaths, they can look at various models to determine w...
by BeneIRA
Sat May 16, 2020 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Rent is increased by 6%, negotiation tips?
Replies: 60
Views: 5094

Re: Rent is increased by 6%, negotiation tips?

Just a data point. Daughter and son in law in bay area got notice about six months ago of a rent increase from $4000 up to I think it was about 4500. Daughter looked at new offerings online in the same building and saw that they were going for $4000 so she said she would move to one of those units,...
by BeneIRA
Sat May 16, 2020 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?
Replies: 62
Views: 3734

Re: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?

Sounds like you overextended on the car. Your side hustle was papering over that. If you have to get over a five year loan on a car, you probably can't afford it. The "right" move is to sell the car and get a car you can afford. If you don't want to do that, the next best move would be to hold onto ...
by BeneIRA
Sat May 16, 2020 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Rent is increased by 6%, negotiation tips?
Replies: 60
Views: 5094

Re: Rent is increased by 6%, negotiation tips?

Just a data point. Daughter and son in law in bay area got notice about six months ago of a rent increase from $4000 up to I think it was about 4500. Daughter looked at new offerings online in the same building and saw that they were going for $4000 so she said she would move to one of those units,...
by BeneIRA
Sat May 16, 2020 8:24 pm
Forum: Personal Consumer Issues
Topic: Password vault or generator?
Replies: 74
Views: 3925

Re: Password vault or generator?

Wondering if anyone here with 1Password also used Android? Considering switching and know 1Password was originally iOs developed so trying to see how well it has been working with Android. My wife has all Android. Phone and Chromebook. Admittedly, it isn't as smooth to do everything as MacOS and iO...
by BeneIRA
Sat May 16, 2020 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.
Replies: 70
Views: 6020

Re: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.

You should not be getting hit that much. Somewhere, someone is skimming your information. Trace all your transactions back and see where they overlap. With chipped cards today, make a list of where you still have to swipe. That puts online and a handful of merchants as suspect. I agree - you should...
by BeneIRA
Sat May 16, 2020 8:02 pm
Forum: Personal Consumer Issues
Topic: How to get disinfecting wipes..seriously
Replies: 87
Views: 6197

Re: How to get disinfecting wipes..seriously

+1 on Target. It is where I got mine. Definitely check the travel aisle because they had their travel packs of EverSpring disinfecting wipes, although those are for items and not hands. I believe they are "Natural" but I figured they are better than nothing. For hands, I ordered one $20 bottle of sa...
by BeneIRA
Sat May 16, 2020 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.
Replies: 70
Views: 6020

Re: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.

I turn on notifications for all of my cards. When I make a purchase, I get a text and/or email. One card we had had a fraud charge attempt every single Saturday in April. I never requested a new one because the card was locked, so I figured they would give up. When they didn't, I finally requested a...
by BeneIRA
Sat May 16, 2020 4:46 pm
Forum: Personal Consumer Issues
Topic: Upgrade to Pixelbook Go?
Replies: 6
Views: 346

Re: Upgrade to Pixelbook Go?

I got my wife a Pixelbook Go a month or so ago actually on the recommendation of another Boglehead. She loves it so far. Battery life is amazing, the touch screen is a nice feature she never had before and the laptop is fast. The one downside I know will come down the pipeline given Pixelbook review...
by BeneIRA
Fri May 15, 2020 11:00 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10395

Re: Please tell me I'm not crazy

If Mama ain't happy, ain't nobody happy! Somebody posted on here a while back "happy spouse, happy house" and I loved that. If one half of a couple is miserable, is the other one ever really going to be happy? My point is, if the OP feels so passionately about this emergency fund situation that the...
by BeneIRA
Fri May 15, 2020 10:26 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10395

Re: Please tell me I'm not crazy

If you are into sports metaphors: your ceiling is somewhat high and your floor is very low (market crash and/or salary cut). Maybe you hit a home run, which would be a 10-20% increase in current stock prices. But you could also lose half of your stock value. Your wife's strategy is a very high floor...
by BeneIRA
Wed May 13, 2020 10:57 am
Forum: Personal Consumer Issues
Topic: WFW (Work from Wherever)
Replies: 70
Views: 6315

Re: WFW (Work from Wherever)

People who were able to WFH for the past two months are being asked to extend WFH until the fall or winter. I was thinking, how often do we regular office workers who weren't able to WFH before get the opportunity to WFW (work from wherever). Is anyone planning to work from different cities/countri...
by BeneIRA
Wed May 13, 2020 10:51 am
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13089

Re: Will "work from home" destroy the commercial real estate market?

Doubtful. I run a small business and offered all of my employees the option to work from home back in March. None of them took me up on it. Is it because they truly don't want to or is there another reason they don't? If I was in a small business, I wouldn't want to be the first one to raise my han...
by BeneIRA
Wed May 13, 2020 10:44 am
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13089

Re: Will "work from home" destroy the commercial real estate market?

I have a separate bedroom for a home office. My company is reporting higher productivity from WFH and has stated there are no plans to force people back into the office for at least a month if not more. When we do return to the office, we have a very open floor plan, you can almost feel the breath o...
by BeneIRA
Tue May 12, 2020 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with Chase Ultimate Rewards points?
Replies: 20
Views: 1996

Re: What to do with Chase Ultimate Rewards points?

If you are going to product change from the CSR to CSP, and have 800,000 points you want to redeem for travel: Going from 1.5 x cash value to 1.25 x cash value is a loss of value of $2,000. Pays a lot of incremental annual fees, likely beyond the major COVID hit. If you are only going to redeem for...
by BeneIRA
Tue May 12, 2020 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with Chase Ultimate Rewards points?
Replies: 20
Views: 1996

Re: What to do with Chase Ultimate Rewards points?

Do you have a Sapphire Reserve or Preferred and are planning on keeping it? If you do, I wouldn't be so quick to cash them out, especially since you don't need the money. If you were telling me you were in debt or at risk i going into debt, I would change my tune. I have the Reserve. I’m going to d...
by BeneIRA
Tue May 12, 2020 9:25 pm
Forum: Investing - Theory, News & General
Topic: Ally lowers APR on savings from 1.5% to 1.25%
Replies: 79
Views: 9093

Re: Ally lowers APR on savings from 1.5% to 1.25%

Sheer laziness. I may or may not be referring to myself :wink: I'm not scolding you or trying to make you feel bad - just thowing this out there in case anyone needs to hear it: You can open an Ally No Penalty CD using funds from another Ally account in a minute or two (no exaggeration), and you ca...
by BeneIRA
Tue May 12, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: What to do with Chase Ultimate Rewards points?
Replies: 20
Views: 1996

Re: What to do with Chase Ultimate Rewards points?

Do you have a Sapphire Reserve or Preferred and are planning on keeping it? If you do, I wouldn't be so quick to cash them out, especially since you don't need the money. If you were telling me you were in debt or at risk i going into debt, I would change my tune. I have the Reserve. I’m going to d...
by BeneIRA
Tue May 12, 2020 10:03 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4647
Views: 897458

Re: What's Your Credit Card Rewards Strategy?

AMEX question: I was chatting with and AMEX rep, he mentioned that Cash EveryDay (cash back) and Amex EveryDay (MR points) are in the same "family" so I cannot get an intro bonus for the Amex EveryDay (MR points) since I had the Cash version. Does someone have any experience with this? Thanks, CCD ...
by BeneIRA
Mon May 11, 2020 9:57 pm
Forum: Investing - Theory, News & General
Topic: Ally lowers APR on savings from 1.5% to 1.25%
Replies: 79
Views: 9093

Re: Ally lowers APR on savings from 1.5% to 1.25%

If I have $100,000 in a savings account, 1.25% versus 1.55% is $304 in a year. Not worth getting in a tizzy over. No one knows where we'll be in six months much less a year, so I won't project beyond that. The question is why someone in that situation would not have no penalty CDs... Sheer laziness...
by BeneIRA
Mon May 11, 2020 9:21 pm
Forum: Investing - Theory, News & General
Topic: Ally lowers APR on savings from 1.5% to 1.25%
Replies: 79
Views: 9093

Re: Ally lowers APR on savings from 1.5% to 1.25%

If I have $100,000 in a savings account, 1.25% versus 1.55% is $304 in a year. Not worth getting in a tizzy over. No one knows where we'll be in six months much less a year, so I won't project beyond that.
by BeneIRA
Mon May 11, 2020 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with Chase Ultimate Rewards points?
Replies: 20
Views: 1996

Re: What to do with Chase Ultimate Rewards points?

Do you have a Sapphire Reserve or Preferred and are planning on keeping it? If you do, I wouldn't be so quick to cash them out, especially since you don't need the money. If you were telling me you were in debt or at risk i going into debt, I would change my tune.
by BeneIRA
Mon May 11, 2020 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for Layoff: Communicate my status?
Replies: 22
Views: 2355

Re: Planning for Layoff: Communicate my status?

I've also heard anecdotally about people being laid off, and then re-joining the same company as a vendor soon afterwards. Wow, that's terrible. I would advise not do to that, downgrading to non-FTE status is a huge risk. This is my opinion, but I'd rather have a gap in my employment during underst...
by BeneIRA
Mon May 11, 2020 9:46 am
Forum: Personal Consumer Issues
Topic: Password vault or generator?
Replies: 74
Views: 3925

Re: Password vault or generator?

Another +1 for 1Password. After putting in the setup time, life is a lot easier since it autofills from the application.
by BeneIRA
Sat May 09, 2020 5:11 pm
Forum: Non-US Investing
Topic: Forecast new COVID wave in Autumn and dollar cost averaging
Replies: 11
Views: 1616

Re: Forecast new COVID wave in Autumn and dollar cost averaging

If you know it, then the market knows it, too. There are professional stock pickers who spend 40-80 hours a week with full-time staff and their job is to make sure their clients are getting good prices on stocks. If there was a clear bargain out there, they would invest. If they thought stocks were ...
by BeneIRA
Sat May 09, 2020 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9758

Re: $2 million dollar house pre requisites

I've seen the 3X rule where you take your pre-tax income, multiply it by 3 and if the final home price is equal to or less than that, you can afford it, floated on here before and that's what I go with even though I am not a home owner (it is partially why I am not a home owner). If anyone has a bet...
by BeneIRA
Sat May 09, 2020 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17365

Re: Quitting a job after two weeks: relocation expenses

First, the $40,000 isn't totally accurate because you did get some utility out of the house, no? If you were living in your previous residence, what would the monthly expense have been there? $2,000 a month? More? I would subtract that from the $40,000 because you had a place to live and that would ...
by BeneIRA
Fri May 08, 2020 5:01 pm
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8279

Re: Percentage of savings to "prepping"?

When I lived in Florida, the risk of hurricanes was very real and I did have extra non-perishables, water, flashlights and such on hand in case I couldn't get it. When a hurricane is coming in Florida, people rush to the stores and grab everything in sight. Sort of like that First or second weekend ...
by BeneIRA
Mon May 04, 2020 2:32 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55574

Re: How to get Toilet Paper ? seriously.

Went to Costco this morning at 10:30 and never saw so much Costco toilet paper since becoming a Price Club member all those decades ago. Whoa! Supply chain fixed? Where I am I have seen tons of toilet paper at multiple stores. One store was packed to the gills with any variety you could ever want. ...
by BeneIRA
Fri May 01, 2020 2:01 pm
Forum: Investing - Theory, News & General
Topic: A 40% drop could hit by next year , FACT or FICTION?
Replies: 33
Views: 2822

Re: A 40% drop could hit by next year , FACT or FICTION?

https://finance.yahoo.com/m/375879c0-08f3-32fb-8aaf-523c93ff8792/%E2%80%98don%E2%80%99t-be-fooled-%E2%80%99-a-40-drop.html What do you think about this? What is the strategy to protect from 40% drop ? I've been reading this since 2013.... If they keep predicting it each year, one year it will be ri...
by BeneIRA
Fri May 01, 2020 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: I want to bounce job ideas off of you
Replies: 19
Views: 2261

Re: I want to bounce job ideas off of you

You’re getting married and starting a family, that alone would cause me to jump at a higher paying, more stable job. Work environments change constantly given who is in charge. It won’t be as laid back as your current job but it doesn’t sound bad from your description. You may be let go before then...
by BeneIRA
Fri May 01, 2020 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 404
Views: 33330

Re: JPM Chase Reserve Card gets more expensive

I wanted to circle back on the idea of downgrading this, perhaps to the Sapphire Preferred or the Freedom and then later on upgrading it back to the Reserve to save the annual fee. Currently and for the foreseeable future, the following benefits have little to no value: Priority Pass Membership (No...
by BeneIRA
Fri May 01, 2020 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Our company just closed our regional office permanently
Replies: 35
Views: 5398

Re: Our company just closed our regional office permanently

My company was closing down and consolidating regional offices for the past few years. They realized their real estate cost was a very large expense and that work could be done just as well with fewer offices and more workin from home. I am surprised more companies haven't realized that their office...
by BeneIRA
Thu Apr 30, 2020 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17365

Re: Quitting a job after two weeks: relocation expenses

That's no way to live. Leave now. If you continue at this place, it will put you in the hospital. Once your free of it and some time had passed, it will be water under the bridge. Gosh, I don’t know. When I started working, 100 hour weeks were not that unusual for me, and I never did wind up in the...
by BeneIRA
Wed Apr 29, 2020 7:49 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55574

Re: How to get Toilet Paper ? seriously.

Latest news on toiler paper, shortages easing: https://www.reuters.com/article/us-health-coronavirus-usa-toiletpaper/toilet-paper-trophy-hunters-on-a-roll-as-u-s-shortages-start-easing-idUSKCN22A30A The average U.S. household - 2.6 people - uses about 409 rolls a year, according to Georgia Pacific,...
by BeneIRA
Tue Apr 28, 2020 7:34 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55574

Re: How to get Toilet Paper ? seriously.

Latest news on toiler paper, shortages easing: https://www.reuters.com/article/us-health-coronavirus-usa-toiletpaper/toilet-paper-trophy-hunters-on-a-roll-as-u-s-shortages-start-easing-idUSKCN22A30A The average U.S. household - 2.6 people - uses about 409 rolls a year, according to Georgia Pacific,...
by BeneIRA
Tue Apr 28, 2020 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: chase sapphire rewards strategy
Replies: 18
Views: 1525

Re: chase sapphire rewards strategy

Sitting on them. Can always cash them out if I need to, but I am planning on using them for travel at some point.
by BeneIRA
Tue Apr 28, 2020 10:36 am
Forum: Investing - Theory, News & General
Topic: Did we just go in and out of a recession?
Replies: 25
Views: 3232

Re: Did we just go in and out of a recession?

Still in one. The stock market is seemingly operating completely separate from what is happening to the average person at this point. Who says it's supposed to? If the stock market reflects anything about reality, the thing it reflects would be how extremely wealthy individuals and large businesses...