Search found 178 matches

by yellowgirl
Sat May 19, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Good time to buy a house or wait it out
Replies: 21
Views: 2487

Re: Good time to buy a house or wait it out

I would wait if I was you. Think about it, you can refinance or pay off the loan if you buy at higher interest rate. You can't undo if you buy at the peak or higher price. Somebody said something like fear when others are greedy. A lot of greedy people buying houses right now.
by yellowgirl
Sat May 12, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 467
Views: 44893

Re: Lucrative careers?

Don't do accounting. Most likely you have to be manager with CPA license to get 100K. I see a lot of payroll records and the trend I see is : IT especially programmers and some don't even have degrees. Engineers also make good money.
by yellowgirl
Fri Jul 21, 2017 9:02 pm
Forum: Personal Consumer Issues
Topic: Anyone else extremely frugal?
Replies: 100
Views: 10965

Re: Anyone else extremely frugal?

Dh and I are frugal and also making peanuts compare to most people on this board. We are still thinking if we should get a side hustle to increase income. But on the other hand, we have sweet schedules and spending a lot of time together. We are stress free family now and I don't know if working mor...
by yellowgirl
Sun Jul 16, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Milestone: 20 Times Annual Expense
Replies: 95
Views: 11328

Re: Personal Finance Milestone: 20 Times Annual Expense

"1/3" is a lot of tax ! Thesaints, On the average, it is about right if you add up Federal, State, Social Security, Medicare and so on. KlangFool Medicare yes, but it is only a couple % at most. Social security is paid back to you, so I don't consider it a "tax", but a mandatory retirement/insuranc...
by yellowgirl
Thu Jul 13, 2017 12:02 pm
Forum: Personal Consumer Issues
Topic: Finding ways to save even more money.
Replies: 11
Views: 2023

Finding ways to save even more money.

I am so excited. Starting next month, our kids will attend public school so no more daycare expense almost 1k. DH and I will do drop-off and pick-up. Also, our children will stay with my parents during the summer time. For after school activities, I called a few places around us from dance studio, m...
by yellowgirl
Mon Jun 12, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 269
Views: 34196

Re: KF's Worst Case Retirement Plan [KlangFool's]

Just the internet and cellphone bill with couple of kids will eat sizeable chunk of that $20K budget. With kid drivers on the car insurance plan, there goes four digit outlay just for auto liability. I have not even yet added personal liability insurance to the mix. Talking about townhomes in North...
by yellowgirl
Mon Jun 12, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 269
Views: 34196

Re: KF's Worst Case Retirement Plan [KlangFool's]

Just the internet and cellphone bill with couple of kids will eat sizeable chunk of that $20K budget. With kid drivers on the car insurance plan, there goes four digit outlay just for auto liability. I have not even yet added personal liability insurance to the mix. Talking about townhomes in North...
by yellowgirl
Mon Jun 12, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 269
Views: 34196

Re: KF's Worst Case Retirement Plan [KlangFool's]

Just the internet and cellphone bill with couple of kids will eat sizeable chunk of that $20K budget. With kid drivers on the car insurance plan, there goes four digit outlay just for auto liability. I have not even yet added personal liability insurance to the mix. Talking about townhomes in North...
by yellowgirl
Mon May 29, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Just realized I have been doing wrong my whole life financially.
Replies: 10
Views: 3463

Just realized I have been doing wrong my whole life financially.

If you remember my old posts about school and career issues. Basically, I wanted to go back to school to earn more since almost everyone on this board making six figure salaries. I know jealousy is a thief of joy but I do anyway. So, I had lunch with a friend and at one point we were talking about m...
by yellowgirl
Wed May 03, 2017 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: have you accepted a lower cost lifestyle to retire early?
Replies: 71
Views: 11442

Re: have you accepted a lower cost lifestyle to retire early?

I find it easy to live in a low cost of living place and then to travel inexpensively to places of natural beauty for extended periods of time. Places of natural beauty often do not have nearby decent health care nor Whole Foods and TJs since those are usually found in wealthy suburban areas that c...
by yellowgirl
Wed Apr 12, 2017 10:31 am
Forum: Personal Consumer Issues
Topic: leaving early from work
Replies: 57
Views: 9174

Re: leaving early from work

Your employer can fire you for anything they want...but if your boss fired you for simply asking then is that the kind of employer you really want? It all really depends on the relationship you have with your boss, and I think only you can determine that. The two options my wife and I chose between...
by yellowgirl
Wed Apr 05, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 11163

Re: Spending beyond my means, I think..is my budget out of whack?

$3200 a month for both for preschool? I just wanted to make sure I got that right.

Since both children are in school full time, it is time for your wife to get a full time job. You like your house so no reason to move.
by yellowgirl
Mon Apr 03, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Did you and your spouse have different opinions on retirement income need?
Replies: 31
Views: 3183

Re: Did you and your spouse have different opinions on retirement income need?

Pale Horse wrote:Is she willing to work through retirement to pay for 2 mortgages?
I wonder the same thing. Is she?
by yellowgirl
Mon Apr 03, 2017 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 306
Views: 40598

Re: Low-earners- What is your profession?

I just want to give OP some appreciation for making an insightful as well as refreshing thread. Some posters in this thread stated that they can retire at an early age (less than 50 yrs. old) even though they are categorized as low-income earners. How is this achievable? Is it simply living in the ...
by yellowgirl
Mon Apr 03, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 306
Views: 40598

Re: Low-earners- What is your profession?

student, Good guess. And I think you're right about future earnings but with one caveat; I have philosophical issues with working at many of the firms my peers go to in private industry: tech startups and large financial services firms. There are still good jobs using such skills of course. I meant...
by yellowgirl
Mon Apr 03, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 306
Views: 40598

Re: Low-earners- What is your profession?

A few general comments: 1. Academia can be very well paid. There is always room at the top. 2. This thread is about earnings (wages from jobs) and not income. :) 3. I believe most of the national statistics about median income are probably understated. For instance, if tax returns are used, then mu...
by yellowgirl
Sun Apr 02, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 306
Views: 40598

Re: Low-earners- What is your profession?

ruralavalon wrote:Just for informational purposes, currently the median household income in the U.S. is about $56k.

Opps, just realized we are not low earners combined. It feels like we are because we spend so little.
by yellowgirl
Sun Apr 02, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 306
Views: 40598

Re: Low-earners- What is your profession?

I'm an office clerk at the local government and I make 45k. Dh is in sales 100% commission and he made 82k last year or 75k the year before last year. We both didn't finish college and mid 30's. Dh was making very little a few years back. He then realized that he really likes talking to people and e...
by yellowgirl
Sat Apr 01, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 14744

Re: Saving 50% of salary; what does it really mean?

It is gross for us. We have 120K income and our before taxes are: 18K to his 401K, 18K to her 401K, 18K to her 457, $5500 to his traditional IRA, $5500 to her traditional IRA = 65K before taxes. Therefore 120K - 65K = 55K left but we live in no state income tax. Also, 9% to pension requirement. The...
by yellowgirl
Fri Mar 31, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 13987

Re: Not opting for 529... anyone else?

I don't want to get too personal but when somebody talks about wanting to have 5+ children and then they say but we don't have money to pay for their college education I just have to wonder! If you are in this forum, you understand the basic financial stuff. Having children is a decision to be made...
by yellowgirl
Fri Mar 31, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 14744

Re: Saving 50% of salary; what does it really mean?

Paid off home, no kids, rice & beans for dinner every night? Maybe they drive an old paid off Nova? I wouldn't be overly concerned about what "saving 50% of salary" means for someone else. I'm mostly concerned with what "saving 15% of salary" means for me. (Insert your own workable number.) And it ...
by yellowgirl
Fri Mar 31, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 14744

Re: Saving 50% of salary; what does it really mean?

It is gross for us. We have 120K income and our before taxes are: 18K to his 401K, 18K to her 401K, 18K to her 457, $5500 to his traditional IRA, $5500 to her traditional IRA = 65K before taxes. Therefore 120K - 65K = 55K left but we live in no state income tax. Also, 9% to pension requirement.
by yellowgirl
Sat Mar 25, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have enough? How I realized yeah I do.
Replies: 75
Views: 14459

Re: Do you have enough? How I realized yeah I do.

Off topic but why do people sit at Starbucks? You don't have internet at home?
by yellowgirl
Fri Mar 24, 2017 12:50 pm
Forum: Investing - Theory, News & General
Topic: Searching for cash flow investment.
Replies: 21
Views: 1760

Re: Searching for cash flow investment.

I don't think I would invest in that... especially if it is in lower income neighborhood, because you'll have higher expenses than that. I'd hold out for something better, returns with 10% on asset price (not including inflation). I only have 2 properties, but they combined return cash of about 12%...
by yellowgirl
Fri Mar 24, 2017 12:47 pm
Forum: Investing - Theory, News & General
Topic: Searching for cash flow investment.
Replies: 21
Views: 1760

Re: Searching for cash flow investment.

It doesn't seem like you are accounting for the time and effort of being a landlord or some of the expenses such as maintaining the yard. The returns you are calculating (even without all of the expenses being accounted for) are lower than what most investors would consider sufficient for investing...
by yellowgirl
Fri Mar 24, 2017 12:44 pm
Forum: Investing - Theory, News & General
Topic: Searching for cash flow investment.
Replies: 21
Views: 1760

Re: Searching for cash flow investment.

We are not trying to pay cash now but eventually we will pay it off. I was just saying that it looks better than the 4% WR. Where we live, rent and home prices do increase with inflation. Even if they don't ( worst case scenario) , we still make money. yellowgirl, <<We are not trying to pay cash no...
by yellowgirl
Fri Mar 24, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: Searching for cash flow investment.
Replies: 21
Views: 1760

Re: Searching for cash flow investment.

Property 180K, 3 units renting out at $600 per unit. Property tax $4950 a year, it is high because it is an investment property not owner occupied. Monthly payment Principle, Interest, Tax and Insurance (PITI) $1085 at 4% interest 30 year fixed. Some math: Rent Income + $1800 PITI - $1085 Vacancy 1...
by yellowgirl
Fri Mar 24, 2017 11:36 am
Forum: Investing - Theory, News & General
Topic: Searching for cash flow investment.
Replies: 21
Views: 1760

Re: Searching for cash flow investment.

CaliJim wrote:I don't think I'd be interested in buying property in Texas.

:twisted:
Why? Landlords don't really make money in California (where you live?) unless they bought 20 years ago or something.
by yellowgirl
Fri Mar 24, 2017 11:29 am
Forum: Investing - Theory, News & General
Topic: Searching for cash flow investment.
Replies: 21
Views: 1760

Searching for cash flow investment.

Property 180K, 3 units renting out at $600 per unit. Property tax $4950 a year, it is high because it is an investment property not owner occupied. Monthly payment Principle, Interest, Tax and Insurance (PITI) $1085 at 4% interest 30 year fixed. Some math: Rent Income + $1800 PITI - $1085 Vacancy 10...
by yellowgirl
Fri Mar 24, 2017 8:38 am
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 12079

Re: The $1,124,176 Car.

Bogleheads: One of the easiest ways to save money is buying an inexpensive car. I'll explain: The automobile industry spends billions of dollars each year (General Motors alone spends over $3.4 Billion annually) in their marketing attempts to sell us more car than we need. We forget that a car is p...
by yellowgirl
Wed Mar 22, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: How did graduating out of daycare impact your finances?
Replies: 80
Views: 8672

Re: How did graduating out of daycare impact your finances?

The aftercare is only $800 per year . Whoa ... that's ridiculously cheap. I'm assuming that's some type of subsidized program, or maybe in-home care from a neighbor or friend? We have the same aftercare program in Texas for $90 a month. They provide snacks and supplies too. Its a city program and I...
by yellowgirl
Wed Mar 15, 2017 8:11 am
Forum: Personal Consumer Issues
Topic: Cost of Dental Implant
Replies: 81
Views: 9951

Re: Cost of Dental Implant

I just got 1 tooth done last week. Total of everything was around $2300. I paid 100% of it.
by yellowgirl
Tue Mar 14, 2017 10:58 am
Forum: Personal Consumer Issues
Topic: Advice on relocation or staying put
Replies: 85
Views: 8134

Re: Advice on relocation or staying put

You should Google: how many sunny days in Seattle.
by yellowgirl
Sun Mar 12, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: gratuitous homeownership items
Replies: 218
Views: 23770

Re: gratuitous homeownership items

You won't regret a house with view and privacy. Anything else can be fixed.
by yellowgirl
Wed Mar 08, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Small (but Significant) Milestone
Replies: 26
Views: 3775

Re: Small (but Significant) Milestone

Congrats on your milestone.
by yellowgirl
Tue Mar 07, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Getting old and need advice on retirement goal & planning
Replies: 17
Views: 2131

Re: Getting old and need advice on retirement goal & planning

How much did you pay for your Irvine condo? If you paid 850K then you should rent it our for $8500 a month or if you paid 570K then you should rent it out for $5700 a month. It doesn't make sense to rent it out for $3500 a month. Just doesn't make sense to keep this condo.
by yellowgirl
Mon Mar 06, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 11077

Re: How much do you spend on food in a year?

Single, active male. Last year I was right around $3400 all-in, including groceries, restaurants and additional items (paper towels, glade plug-ins, all toiletries, etc). My budget is $300/mo for all that, so I was a little under budget even though I felt like I was spending way too much (too many ...
by yellowgirl
Sat Mar 04, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall: should we pay cash for ~$1.3M home?
Replies: 96
Views: 7334

Re: Windfall: should we pay cash for ~$1.3M home?

I would pay cash for the house and rent out a room or 2. Do people realize the median household income in San Francisco in 2016 was 88k? 130k income with no mortgage payment is a lot to save for retirement and spend.
by yellowgirl
Sat Mar 04, 2017 5:16 pm
Forum: Personal Consumer Issues
Topic: Describe your Reasonable Dream Home
Replies: 51
Views: 4697

Re: Describe your Reasonable Dream Home

We are living in it. Our house is 2800 square feet 5 beds 3 baths on 18 acres. It has a large pond about 5 acres in size. It is about 6-7 miles in the middle of 4 medical facilities. Starbucks, Target, and Walmart are 5 miles away. Costco is a little far 18 miles. It is very quiet. Our house is way ...
by yellowgirl
Wed Mar 01, 2017 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't I save enough to have decent vacation or restaurant meal
Replies: 125
Views: 14614

Re: Why can't I save enough to have decent vacation or restaurant meal

You make 10k more than us but our house payment is less than $600. We also have 2 kids. We don't take a lot of vacation but we do dining out.
by yellowgirl
Tue Feb 14, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads not the norm?
Replies: 116
Views: 13117

Re: Bogleheads not the norm?

I guess this isnt much of a questions but a statement But I am curious if there are any lower income people on here. Or those that arent or cant maxing out their retirement and are carrying debt and how they are handling their finances? There are plenty, including me. Not sure how much is low incom...
by yellowgirl
Sat Feb 11, 2017 8:54 am
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 229
Views: 22289

Re: Why do you go to restaurants?

Eat out is very expensive and waste of time $11 for a bowl of ramen noodles at our local Japanese restaurants and usually 30 minutes wait. Some ramen noodles restaurants in California charge $20 for a bowl and 1 hour wait.
by yellowgirl
Fri Jan 06, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: I'll never save a 20% down payment. Rent for life?
Replies: 138
Views: 16648

Re: I'll never save a 20% down payment. Rent for life?

I can somewhat relate to your situation. I almost quit my job to be a stay at home mom but we decided against it because saving for retirement was more important. Like you I have a government job. It pays 45K after many years of experience but I have no college degree though. It is not easy for me ...
by yellowgirl
Sat Dec 31, 2016 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Delayed Gratification In Life & its fallacies
Replies: 56
Views: 7063

Re: Delayed Gratification In Life & its fallacies

Everyone's idea of happiness is different. For us, it's those saving and retirement accounts not traveling. We are happy being in our home with our kids in our country home. Our society is weird in my opinion. It seems like it's okay to post about vacations on Facebook but tacky to post about your b...
by yellowgirl
Wed Dec 28, 2016 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Expenses in line or too much
Replies: 81
Views: 8935

Re: Monthly Expenses in line or too much

Still 2 days left for 2016 and according to YNAB app we spent: Electricity and gas average $1440 annually Water and garbage $720 Internet and cable $840 Cell phones $660 Car insurance $1860 Life insurance and disability insurance $1930 Food $6600 Gasoline 921 Restaurants $2980 Entertainment $532 Mis...
by yellowgirl
Tue Dec 27, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: I'll never save a 20% down payment. Rent for life?
Replies: 138
Views: 16648

Re: I'll never save a 20% down payment. Rent for life?

I can somewhat relate to your situation. I almost quit my job to be a stay at home mom but we decided against it because saving for retirement was more important. Like you I have a government job. It pays 45K after many years of experience but I have no college degree though. It is not easy for me t...
by yellowgirl
Sun Dec 04, 2016 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move in order to save on taxes?
Replies: 21
Views: 3067

Re: Should I move in order to save on taxes?

Texas makes much of its money from property taxes instead of income taxes. Unless you have a really high-income business and a tiny house, there's no guarantee you'd make enough money to justify the move. I don't know how business taxes work here. I noticed a lot of people have said the same thing ...
by yellowgirl
Mon Nov 28, 2016 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should We Buy or Rent?
Replies: 49
Views: 6374

Re: Should We Buy or Rent?

If you can't afford a home with that salary then there's something wrong with the location. You make almost double our combined salary. We live in small town of Texas. Our house is on 18 acres paving private drive way. Besides having a nicer summer weather, what is in northern CA that you must live ...
by yellowgirl
Thu Nov 17, 2016 1:04 pm
Forum: Personal Consumer Issues
Topic: Portland or Dallas (Southlake area)
Replies: 36
Views: 4258

Re: Portland or Dallas (Southlake area)

Dallas is hot from June to end of September after that it is very nice. I don't like Portland since I love the sun. Texas has the best protection for physicians if you get sued. I agree with coalcracker "mommy makeover" is true!
by yellowgirl
Mon Nov 14, 2016 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Stay at home parent vs. Daycare (personal question)
Replies: 19
Views: 3149

Re: Stay at home parent vs. Daycare (personal question)

Daycare if you can get the job. I don't know where you live but it is not easy to get a government job where I live. You will probably make just enough for daycare the first few years but you will gain experience and other benefits.