Search found 811 matches

by 8foot7
Sat Nov 17, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: New job concerns
Replies: 40
Views: 3825

Re: New job concerns

At your meeting Monday you need to be very clear about the hours you need. Don’t beat around the bush. “As I think I mentioned during the interview process, I have a very long commute. I thought that being available at my desk from 8:30-4:15 was sufficient, and again, I am happy to check in the even...
by 8foot7
Fri Nov 16, 2018 10:46 am
Forum: Personal Consumer Issues
Topic: Home sale etiquette: wall repair
Replies: 51
Views: 2948

Re: Home sale etiquette: wall repair

We removed pictures and hardware. Where there were pieces of the drywall or other damages larger than that required of the nail holes or anchor bolt holes, we repaired and painted over - this was maybe 4 of 50 places in the house. The rest we simply left. The extent to which I go above and beyond th...
by 8foot7
Fri Nov 16, 2018 10:33 am
Forum: Personal Consumer Issues
Topic: Home sale etiquette: wall repair
Replies: 51
Views: 2948

Re: Home sale etiquette: wall repair

When the house was shown and inspected, the holes were not there because "things" were still on the wall. if the "things" do not go with the house as a part of the sale, then you have nails, hooks or whatever contraption was attached to the house. If you take the contraption out of there, then you ...
by 8foot7
Fri Nov 16, 2018 9:32 am
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 103
Views: 8321

Re: Granddaughter needs $ help for university

Verify the scholarship lasts all four years, that she is doing well enough to continue to be eligible, and that she’s in track to graduate in four years. Then help out if you want. But 60k for a degree for a music teacher is ridiculous; the equivalent of driving a BMW 7 series as a asst manager at ...
by 8foot7
Thu Nov 15, 2018 6:55 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 103
Views: 8321

Re: Granddaughter needs $ help for university

Verify the scholarship lasts all four years, that she is doing well enough to continue to be eligible, and that she’s in track to graduate in four years. Then help out if you want. But 60k for a degree for a music teacher is ridiculous; the equivalent of driving a BMW 7 series as a asst manager at f...
by 8foot7
Wed Nov 14, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Claim-Experiences?
Replies: 14
Views: 965

Re: Homeowners Insurance Claim-Experiences?

One other thought. If you have a mortgage on the rental, inform the lien holder that the house is severely damaged and the insurance cimplant is at least partiallly stringing you along. It may not matter with a big bank, but a smaller institution might be able to make some calls and get some progres...
by 8foot7
Wed Nov 14, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Wait, do I need a prenup?
Replies: 63
Views: 6534

Re: Wait, do I need a prenup?

Every situation is different but I think a good rule of thumb is that if you are unmarried, have a million dollars or more, and are looking to get married, you should have a pre-nup. Threshold could be less for some couples but there’s a good sort of benchmark.
by 8foot7
Wed Nov 14, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Claim-Experiences?
Replies: 14
Views: 965

Re: Homeowners Insurance Claim-Experiences?

Write your state's insurance commissioner. There is no reason for the company to not at least cut you a check sufficient enough to begin repairing damages.
by 8foot7
Mon Nov 12, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4041

Re: tipping for grocery delivery

I still tip 15% for anything but outstanding service and that’s on the pre tax amount. Not sure where all of this 20+% after tax came from but I do not subscribe to it. I don’t make these folks worry about my wage so I’m not going to spend a lot of time fretting over theirs.
by 8foot7
Mon Nov 12, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: Prepaying for Rental Car - Availability Guaranteed?
Replies: 21
Views: 1140

Re: Prepaying for Rental Car - Availability Guaranteed?

I expect a relatively high risk of there not being a car available. Why do you expect this? When the vehicle in my size class isn't available I'm upgraded. I've never been left without a vehicle. I recently started prepaying for my rental as there is a good discount. If there is no discount, I woul...
by 8foot7
Sun Nov 11, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Do I Need A Credit Score?
Replies: 24
Views: 1054

Re: Do I Need A Credit Score?

You have a credit score. Everyone does, unless you have never banked. At 28 you are long overdue to build credit. 2% cash back Citi DoubleCash. There are 45 million americans without a credit score. In order to receive a valid FICO® Score, the credit report must have: At least one account opened fo...
by 8foot7
Sun Nov 11, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Do I Need A Credit Score?
Replies: 24
Views: 1054

Re: Do I Need A Credit Score?

I would say if you’re in a home already and you’ve otherwise made it to 28 with no score, you probably don’t need one. It can make life more convenient but you’ve clearly figured out how to be an adult without a credit history, something many people believe is impossible. Do what you want.
by 8foot7
Sun Nov 11, 2018 11:39 am
Forum: Personal Consumer Issues
Topic: Is it safe to keep using a phone after it stops receiving security updates?
Replies: 8
Views: 822

Re: Is it safe to keep using a phone after it stops receiving security updates?

Threats on a phone are overblown as long as you aren’t downloading weird apps.
by 8foot7
Sat Nov 10, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund in my situation
Replies: 17
Views: 1556

Re: Emergency fund in my situation

How much is left on your mortgage and how long do you expect it to take you to pay it off?

One way to look at it is a paid off mortgage reduces your required expenses so you need less in your fund....
by 8foot7
Sat Nov 10, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage with or without spouse?
Replies: 26
Views: 1965

Re: Mortgage with or without spouse?

I suspect theory and practice would differ in that situation. In theory the mortgage would be due on sale if she were to get the house and you were no longer on the deed. In practice I suspect if payments continued to be made there wouldn’t be an issue, at least until those payments stopped or she n...
by 8foot7
Sat Nov 10, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage with or without spouse?
Replies: 26
Views: 1965

Re: Mortgage with or without spouse?

Re: after death. When my MIL (single) died and my wife called to tell the bank, their first question was, “is anyone going to continue to make payments?” This was Wells Fargo. They’re not interested in taking a house back if someone will keep paying and they even offered to defer three months’ worth...
by 8foot7
Fri Nov 09, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Consolidation Loan
Replies: 11
Views: 689

Re: Debt Consolidation Loan

I have only been able to access pay day loans at ridiculous interest rates. This seems to indicate that loans are being used to fund more purchases. Oh, OP— you trying to break the payday loan cycle? I’ve heard that can be a bear. Many times a good credit union will help you out in a situation like...
by 8foot7
Fri Nov 09, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Consolidation Loan
Replies: 11
Views: 689

Re: Debt Consolidation Loan

I am looking for a $10,000 loan to consolidate debt. Due to some damaged credit issues my fico score is 587. I have only been able to access pay day loans at ridiculous interest rates. I make over $100,000 annually and have a $45,000 managerial bonus coming in early 2019. I would appreciate any adv...
by 8foot7
Wed Nov 07, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: New job concerns
Replies: 40
Views: 3825

Re: New job concerns

When they spoke about flexibility, I doubt they meant you leaving at 4:15pm every day for the duration of your employment. You also need to be flexible. Sometimes I guess that means working until 6pm. I would agree that working until 6pm every day would be different from what you were led to believ...
by 8foot7
Wed Nov 07, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Lock mortgage rate at 5%?
Replies: 34
Views: 3710

Re: Lock mortgage rate at 5%?

I went with a local lender I trusted at a very small community bank because I like to support these types of places. We had a decent experience although much of the rigamarole I was hoping to avoid we did not, mainly due to ridiculous underwriting guidelines. They messed up one of the disclosures, t...
by 8foot7
Wed Nov 07, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 46
Views: 4390

Re: How much money did you receive from family? (Gifts/inheritance)

I have not received any gifts of substance (nothing over a couple hundred dollars) -- I have received a total of $57,500 in loans from my parents spread out over three different events in my life. $15,000 during my divorce from my first wife about a decade ago, paid back within a few months. $37,500...
by 8foot7
Wed Nov 07, 2018 8:12 am
Forum: Personal Finance (Not Investing)
Topic: New job concerns
Replies: 40
Views: 3825

Re: New job concerns

I think you need to take them at their word during the interviews and continue your current schedule. Work at home after you get home, if necessary. Get the work done, but do it in the style you envisioned doing it before you joined based on your interviews. If they feel you aren't contributing equa...
by 8foot7
Tue Nov 06, 2018 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with windfall
Replies: 34
Views: 2653

Re: What to do with windfall

No question, pay off the student loans. The loans that remain you should attack with the snowball created by the massive payment you’ve freed up. Then worry about Roths and all of that mess; when you start spreading it to six different places and then a vacation you very seriously blunt the effectiv...
by 8foot7
Tue Nov 06, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Is Cloud-Based YNAB Worth It?
Replies: 51
Views: 2852

Re: Is Cloud-Based YNAB Worth It?

That old Rule 4 is dead and gone in the new online YNAB. RIP. It was also the 4th rule of 4 and the least important, and more of a goal than a rule. Something to work toward achieving, if you wanted to. (The new rule 4 "Age Your Money" is a bad/sad joke). Trust me, I know what I'm talking about. I'...
by 8foot7
Tue Nov 06, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Is Cloud-Based YNAB Worth It?
Replies: 51
Views: 2852

Re: Is Cloud-Based YNAB Worth It?

Won't even run too much longer. Mojave will be the last version of macOS to support it. Oh man, ... that is bad news. They are forcing me to upgrade! I need to find an alternative, since as several people have pointed out, I'm not even using the core YNAB functionality. On second thought - I am pla...
by 8foot7
Mon Nov 05, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Deal fell through and didn't get escrow money.....
Replies: 56
Views: 5896

Re: Deal fell through and didn't get escrow money.....

In my state, the due diligence fee is separate from earnest money (which is held in escrow) and is a payment made by the potential purchaser to the seller as a sort of fee for taking the house off the market for a period of time to allow the purchaser to exercise his or her due diligence, including ...
by 8foot7
Sun Nov 04, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Is Cloud-Based YNAB Worth It?
Replies: 51
Views: 2852

Re: Is Cloud-Based YNAB Worth It?

I had no idea it was getting that expensive. It’s not worth $85 every year imo especially given how really slow their development is. I think YNAB 4 was $60 as a perpetual license back in 2013, which has worked out to $1/month or so and getting even cheaper :)
by 8foot7
Sun Nov 04, 2018 7:07 pm
Forum: Personal Consumer Issues
Topic: Buy house without agent
Replies: 28
Views: 2314

Re: Buy house without agent

Assuming you have no liability to the previous agent means they had absolutely no part in showing you the house you are going to buy, or in introducing you to builder or anyone else associated with the house, etc. If this fact is true then one alternative for you is to contact another agent (make s...
by 8foot7
Sun Nov 04, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Is Cloud-Based YNAB Worth It?
Replies: 51
Views: 2852

Re: Is Cloud-Based YNAB Worth It?

Heavy user of YNAB 4. I strongly dislike subscriptions so I have not upgraded. They've also made some design decisions (losing the red carryover arrow, for example) that changed how things work for specific situations I encounter frequently (I use this extensively for reimbursed travel expenses from...
by 8foot7
Sun Nov 04, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Deal fell through and didn't get escrow money.....
Replies: 56
Views: 5896

Re: Deal fell through and didn't get escrow money.....

I asked about the escrow stuff here in NC and our last realtor confirmed that the real estate office holds the money and in the event there is a breach of contract, won’t release it until either both parties sign off on it or there is a court order. There is no judgment or performance on the part of...
by 8foot7
Sun Nov 04, 2018 10:29 am
Forum: Personal Consumer Issues
Topic: Buy house without agent
Replies: 28
Views: 2314

Re: Buy house without agent

We used an agent twice in new construction. Two different agents, two different houses, equally useless each time — in fact if possible this last one may have been even more useless than the first. Do not feel bad about having seen a few homes with someone and then picking one on your own. Many, I d...
by 8foot7
Sat Nov 03, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: Credit card Surcharges
Replies: 41
Views: 1771

Re: Credit card Surcharges

This kind of thing will drive you crazy if you let it. 4% on $148 is $6 and that’s exactly how much brain space this should take up for you. Pay on a card that gives you rewards and forget about it. Or if you can’t manage that, call the shop, ask for the bill amount, cash a check at your bank on the...
by 8foot7
Fri Nov 02, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Extreme credit card debt
Replies: 37
Views: 4170

Re: Extreme credit card debt

I have walked several family members through debt settlement. Not through one of the many settlement companies but by just taking it on themselves. If you qualify for chapter 7 bankruptcy then unquestionably that is the fastest way out of debt. It does stay with you for ten years and can affect gett...
by 8foot7
Fri Nov 02, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: final January estimated quarterly tax payment- can it be paid in April with return?
Replies: 7
Views: 728

Re: final January estimated quarterly tax payment- can it be paid in April with return?

If you have paid more than your actual liability, or last year’s total liability plus 10%, you do not need to make a January payment. The IRS doesn’t make you loan them money but many don’t seem to understand that.
by 8foot7
Thu Nov 01, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: 45% increase in marketplace insurance
Replies: 72
Views: 4142

Re: 45% increase in marketplace insurance

LOL at whomever upthread said $35k a year in premiums and deductible is a "pretty good deal"
It's ruinous.
by 8foot7
Thu Nov 01, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Diagnosed Non-curable Cancer -- what now?
Replies: 54
Views: 10324

Re: Spouse Diagnosed Non-curable Cancer -- what now?

I didn't see anyone else mention this, but I think I would take a hard look at whether putting $24k/year in his 401k is the right call. You may well need that money for medical bills, and it could come in handy for bucket list items, and if the outlook is truly grim at 10 years then the tax deferral...
by 8foot7
Thu Nov 01, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Payroll experts: prorating salary calculation gone wrong?
Replies: 8
Views: 845

Re: Payroll experts: prorating salary calculation gone wrong?

I'm not sure I'd get all ruffled up over $200 pre-tax, as long as the rest of the year, payroll is correct.

With that said, the employer should be consistent across all of the pay rates. A daily rate during a fully worked pay period ought to be the same as a daily rate during a prorated period.
by 8foot7
Tue Oct 30, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Company options and non-compete agreements
Replies: 16
Views: 912

Re: Company options and non-compete agreements

I'd be looking to get compensation for signing away rights to my future career opportunities - unless I had already signed something before and this was renewing it with largely the same terms.
by 8foot7
Tue Oct 30, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much to offer on new construction home
Replies: 31
Views: 2219

Re: How much to offer on new construction home

One other point: consider asking for more features rather than a bigger discount. Most builders would rather put in a patio or a porch or hardwoods at their cost than discount the cash price of a house. That was my experience. Dropping the price 30k looks bad. Adding 30k of improvements is doable. ...
by 8foot7
Tue Oct 30, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much to offer on new construction home
Replies: 31
Views: 2219

Re: How much to offer on new construction home

680 is a reasonable offer. Often builders will not come down even in inventory houses that have been finished for a long time so as not to tank the rest of the neighborhood they’re actively building in. They have to get appraisal support for their prices on future homes. The carrying cost for a buil...
by 8foot7
Mon Oct 29, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Speeding ticket and insurance
Replies: 29
Views: 2254

Re: Speeding ticket and insurance

Call a lawyer in the town, pay a few hundred bucks, move on with your life.
by 8foot7
Mon Oct 29, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 4925

Re: Should I co-sign for relative?

That's nuts. One can't afford a 900/mo lease if one doesn't have the credit to back it up. Simple as that. Car finance companies will fall all over themselves to lend money to just about anyone with a pulse; the fact that they will not, in this case, do the same is a great indication that this is a ...
by 8foot7
Sun Oct 28, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get rid of PMI or pay off my car loan?
Replies: 28
Views: 1502

Re: Should I get rid of PMI or pay off my car loan?

Your FA is an idiot. Get rid of the PMI.
by 8foot7
Sat Oct 27, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: First time home buyer - gut check
Replies: 54
Views: 7042

Re: First time home buyer - gut check

With the numbers you have provided, even if you buy, you should be able to save around $12,000 per month. Awesome! Put all the money you can in an index fund like clockwork every month, and don't look at it or sell anything in it until you retire. Don't watch or listen to anyone on CNBC. And never ...
by 8foot7
Sat Oct 27, 2018 11:42 am
Forum: Personal Consumer Issues
Topic: What is a reasonable housecleaning cost?
Replies: 27
Views: 2468

Re: What is a reasonable housecleaning cost?

NC. 4500 sq ft house twice a month, $140 a pop. One note: I’ve found that most cleaners’ quality of work will drop off after a few months. They’ll be really good at first but then I think they start taking you for granted and you just become another house to clean, another guaranteed customer and no...
by 8foot7
Sat Oct 27, 2018 11:37 am
Forum: Personal Finance (Not Investing)
Topic: First time home buyer - gut check
Replies: 54
Views: 7042

Re: First time home buyer - gut check

With the numbers you have provided, even if you buy, you should be able to save around $12,000 per month. Awesome! Put all the money you can in an index fund like clockwork every month, and don't look at it or sell anything in it until you retire. Don't watch or listen to anyone on CNBC. And never ...
by 8foot7
Sat Oct 27, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Car hit while parked, no note, just want damages as cash from insurance
Replies: 18
Views: 2906

Re: Car hit while parked, no note, just want damages as cash from insurance

At least in NC, and at least as of a few years ago, as long as you haven’t financed the car, the insurance company will give you cash for the cost of repairs whether or not your car was totaled. Typically the lien holders/financing companies will demand that you repair the car to protect the value o...
by 8foot7
Sat Oct 27, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Car hit while parked, no note, just want damages as cash from insurance
Replies: 18
Views: 2906

Re: Car hit while parked, no note, just want damages as cash from insurance

Did you file a police report? Most likely your insurance will want to see this then cover you under uninsured which is usually a lower deduction Most states / insurance companies will require the contact information for the other driver before accepting a uninsured / underinsured motorist claim. I ...
by 8foot7
Fri Oct 26, 2018 2:25 pm
Forum: Personal Consumer Issues
Topic: House selling costs
Replies: 23
Views: 2144

Re: House selling costs

You should only walk away if there are deficiencies with the house and if there are, you should be able to get your 30k with some artful discussions.
by 8foot7
Wed Oct 24, 2018 4:20 pm
Forum: Investing - Theory, News & General
Topic: 401(k) Provider Change - 25 days in cash?!
Replies: 29
Views: 1974

Re: 401(k) Provider Change - 25 days in cash?!

I’d stop worrying about it. What can you do, really?