Search found 747 matches

by kayanco
Fri Jun 20, 2014 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

Whooaa! So much love for YNAB :p

May I dare ask, can someone post a Quicken vs. YNAB vs. Mint comparison?
(maybe include Pros/Cons :happy)
by kayanco
Fri Jun 20, 2014 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

btw, I was researching online and found (all free): Mint GnuCash Money Manager EX Not sure if they'll do what we are discussing in this thread, but I'll take a look, along with YNAB. YNAB is manual, as is GnuCash. Mint is automated, but it does what you describe REALLY poorly, which is the number o...
by kayanco
Fri Jun 20, 2014 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

NOVACPA wrote:... I will no be responding to this thread as I am headed to the beach :beer so if there are questions asked to me I'll respond when I get back. That is good forum etiquette, right?*
YES!! Enjoyyyy :sharebeer
by kayanco
Fri Jun 20, 2014 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

..Everything else is on Auto-Pilot with direct deposit and auto investing. ..I have everything come off of the top (401k, HSA, Roth, Mortgage Payment, Car Payment, Housing Expenses). The remainder goes to my checking. Everything is tracked in Quicken and I manage cash-flow at that point... Excellen...
by kayanco
Fri Jun 20, 2014 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

btw, I was researching online and found (all free):
Mint
GnuCash
Money Manager EX

Not sure if they'll do what we are discussing in this thread, but I'll take a look, along with YNAB.
by kayanco
Fri Jun 20, 2014 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

I also use YNAB and just set up "sinking funds" under the savings category. These sinking funds provide money for anticipated or reoccurring expenses. I've a rainy day, home and car maintenance, medical, beef (I purchase half a beef a year), property tax, insurance deductible....you get the idea. T...
by kayanco
Fri Jun 20, 2014 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

I have been thinking some more. Often people don't ask the right question. They think they have the right question, but they really don't. For me at least, that's actually true. What I find is that after a little back and forth, the questions/intent/goal becomes clearer. Or someone might suggest so...
by kayanco
Fri Jun 20, 2014 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

... I still don't have any furniture in the living room, although the grandkids like to do gymnastics there, so they are not complaining. haha...nice!! :D In the end, I wasn't focused on the when or the order. I just knew I needed money to buy the things I wanted, so I saved money. When I spent it ...
by kayanco
Fri Jun 20, 2014 9:59 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1497441

Re: What Book Are You Currently Reading? Part V

I'm reading "Made to Stick" by Chip and Dan Heath.
by kayanco
Fri Jun 20, 2014 9:56 am
Forum: Investing - Theory, News & General
Topic: [Poll] Have you taken any Investments course?
Replies: 60
Views: 4526

Re: [Poll] Have you taken any Investments course?

Me neither...although, I now feel that I wish I had taken some kind of basic Finance/Tax/Investing type course.

But thanks to Bogleheads, I've learnt quite a bit.
by kayanco
Fri Jun 20, 2014 9:40 am
Forum: Forum Issues and Administration
Topic: Personal Life subforum?
Replies: 97
Views: 11117

Re: Personal Life subforum?

..I was thinking of chucking all the career, college, and private school threads in it. I say that we give it a try for two or three months and see how it works. If it turns out that it's not working out, then we stop it. If it works well for the first three months, then we continue for another few...
by kayanco
Fri Jun 20, 2014 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

One virtue of having multiple accounts, beyond mental accounting and motivation, is to take advantage of higher rates for longer-term goals. For instance, if you're planning for a new car in 7 years, you could have put a chunk of cash in a 7-year Penfed CD at 3% earlier this year. Then you could al...
by kayanco
Fri Jun 20, 2014 9:12 am
Forum: Personal Consumer Issues
Topic: What Do You Eat For Snacks? [for exercise-induced hunger]
Replies: 129
Views: 12442

Re: What Do You Eat For Snacks?

MMM wrote a couple interesting posts about "The Primal Blueprint" book which I read and lead me to MarksDailyApple. I won't give a synopsis because I couldn't do it justice... but it is pretty Paleo. "Paleo" has many interpretations and occasionally becomes inflaming when people argue whether we kn...
by kayanco
Fri Jun 20, 2014 8:56 am
Forum: Personal Consumer Issues
Topic: Forums like Bogleheads, for Life ?? (other aspects)
Replies: 56
Views: 7300

Re: Forums like Bogleheads, for Life ?? (other aspects)

MetaFilter is $5 to join, which is ingenious. It's just a high enough bar to keep away most everyone who wants to troll or be an idiot. Also, the moderation there is also excellent. It's not family friendly, so it's not for everyone. But it's filled to the brim with people crackling with wit and in...
by kayanco
Fri Jun 20, 2014 12:29 am
Forum: Personal Consumer Issues
Topic: Forums like Bogleheads, for Life ?? (other aspects)
Replies: 56
Views: 7300

Re: Forums like Bogleheads, for Life ?? (other aspects)

MetaFilter is $5 to join, which is ingenious. It's just a high enough bar to keep away most everyone who wants to troll or be an idiot. Also, the moderation there is also excellent. It's not family friendly, so it's not for everyone. But it's filled to the brim with people crackling with wit and in...
by kayanco
Fri Jun 20, 2014 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

I have 4 checking accounts, a money market account, a savings account, and two money market funds. I needed $30k to buy a car, but none of my 8 accounts had $30k in it, even if the total of all the balances was $60k. So I moved the money around until I had $35k in one checking account. Then I bough...
by kayanco
Thu Jun 19, 2014 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

Yep -- we put $400/month into our "home improvement" category in YNAB; this month, we're getting new countertops, because YNAB says we have enough money for them. The checking account balance will probably look different, but none of the other budget categories will. Congratulations!! :) I read abo...
by kayanco
Thu Jun 19, 2014 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: I've decided - Please help with Retirement?
Replies: 36
Views: 5907

Re: I've decided - Please help with Retirement?

How comfortable are you with spreadsheets? Using a spreadsheet to maintain a portfolio Consider that you'll probably spend more time learning an online tool than doing it yourself. Once your portfolio is setup, it only takes a few minutes to keep it up-to-date. There's no need to check balances rea...
by kayanco
Thu Jun 19, 2014 9:53 pm
Forum: Personal Consumer Issues
Topic: Forums like Bogleheads, for Life ?? (other aspects)
Replies: 56
Views: 7300

Re: Forums like Bogleheads, for Life ?? (other aspects)

For the OP- I would suggest a visit to artofmanliness.com. While clearly targeting a male audience, the website is maintained by a married couple that write posts about everything from money, relationships & family, networking, dress and grooming, books, movies, hobbies, etc. Definitely geared towa...
by kayanco
Thu Jun 19, 2014 9:50 pm
Forum: Personal Consumer Issues
Topic: Forums like Bogleheads, for Life ?? (other aspects)
Replies: 56
Views: 7300

Re: Forums like Bogleheads, for Life ?? (other aspects)

You should look at ask metafilter, an amazing question/answer site for any topic with a fantastic community. Ask Metafilter Thanks. Some topics are quite provocative, not something LadyGeek would consider family-friendly. Victoria Best overall community I've found is http://www.metafilter.com. Best...
by kayanco
Thu Jun 19, 2014 9:46 pm
Forum: Personal Consumer Issues
Topic: Forums like Bogleheads, for Life ?? (other aspects)
Replies: 56
Views: 7300

Re: Forums like Bogleheads, for Life ?? (other aspects)

BlueEars wrote:
LadyIJ wrote:http://www.early-retirement.org/ - was looking at this before I found bogleheads. of course, Bogleheads is the best, and I do think there's plenty of "life" advice to be found.
+1 ...am on here quite a bit. Look for the blue rabbit.
Thanks!
by kayanco
Thu Jun 19, 2014 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: I've decided - Please help with Retirement?
Replies: 36
Views: 5907

Re: I've decided - Please help with Retirement?

Hey guys, I spent the last couple days implementing the suggestions from this thread. So thanks to all! Is there a recommended online portfolio tool that can aggregate Fidelity 401(k), Vanguard accounts, etc and show the overall Asset Allocation? I tried one called Personal Capital , but didn't work...
by kayanco
Thu Jun 19, 2014 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

Wow. That all seems so complicated - why the need to do such mental accounting? Money is money. Agree...that's why I was hoping I could still keep just one account, but somehow figure out how to compartmentalize the balance into buckets...like if the total is $2000...$1500 is for a trip, $500 is fo...
by kayanco
Thu Jun 19, 2014 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

I have many such cash management accounts with Fidelity for this purpose. Alot of them I drop in like 50 bucks a paycheck. I know its dumb and just mental accounting but it works for me and I feel soothed when i log in to track my progress towrds my next vacation. Hey, yep..that's sort of what I ha...
by kayanco
Thu Jun 19, 2014 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

Fidelity... I have multiple cash management accounts (CMA) with them. You can continuously change the name of the accounts to serve different purposes. ING or Cap360 is similar, I hear. For no fees, minimum balance, bill pay, etc, Fidelity CMA is my favorite. So separate account numbers for each? Y...
by kayanco
Thu Jun 19, 2014 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

NOVACPA wrote:Fidelity...

I have multiple cash management accounts (CMA) with them. You can continuously change the name of the accounts to serve different purposes. ING or Cap360 is similar, I hear.

For no fees, minimum balance, bill pay, etc, Fidelity CMA is my favorite.
So separate account numbers for each?
by kayanco
Thu Jun 19, 2014 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Re: Budget or create saving buckets?

Yes. I have a CapitalOne360 (used to be ING) account where I can open up a savings account for $1. I have several accounts/categories like Bills, Vacation, Christmas, etc. Yes that's what I was looking for. Is it a savings account or checking? Do the several account have their own account number? O...
by kayanco
Thu Jun 19, 2014 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 12391

Budget or create saving buckets?

Hey guys, Do you have a good way of compartmentalizing the money in a savings/checking account into buckets? For example: You want to visualize the balance in your checking/savings account as 3 different buckets: A - for a trip B - to buy something C - for something else And you contribute small amo...
by kayanco
Thu Jun 19, 2014 9:43 am
Forum: Forum Issues and Administration
Topic: Personal Life subforum?
Replies: 97
Views: 11117

Re: Personal Life subforum?

Uh oh. It seems that we have at least two different interpretations of the word "regular". sscritic, with more than 20,000 posts under his belt, presumably claims the status of regularity. But, apparently, so does kayanco with just over 100 posts. Are we talking about longevity or number of posts, ...
by kayanco
Thu Jun 19, 2014 12:15 am
Forum: Forum Issues and Administration
Topic: Personal Life subforum?
Replies: 97
Views: 11117

Re: Personal Life subforum?

Alex Frakt wrote:...supporting our community of regular posters and readers would definitely be part of that mission...
That would be a great guiding principle!
by kayanco
Wed Jun 18, 2014 2:55 pm
Forum: Personal Consumer Issues
Topic: Reliable car for a long commute
Replies: 19
Views: 2354

Re: Reliable car for a long commute

Hyundai Elantra
Toyota Corolla
Honda Civic
by kayanco
Wed Jun 18, 2014 9:39 am
Forum: Forum Issues and Administration
Topic: Personal Life subforum?
Replies: 97
Views: 11117

Re: Personal Life subforum?

Can someone present a specific example of a post that would be allowed in this proposed new forum that is not allowed in the existing forums? All of the above is too vague for me to understand what we're actually debating. Yes, I'd like to present a usecase for the subforum. When I made the origina...
by kayanco
Tue Jun 17, 2014 11:12 pm
Forum: Personal Consumer Issues
Topic: "Getting Things Done"-David Allen
Replies: 71
Views: 5568

Re: Compare and constrast Seven Habits of Highly Effective P

Can anyone do a quick compare and contrast of the 7 Habits of Highly Effective People vs Getting Things Done (GTD)? An Exec I trust, so far, recommended the 7 Habits book to me when I sourced him for one book I could read, that in fact he could advise the entire Enterprise to read on Productivity /...
by kayanco
Tue Jun 17, 2014 8:10 pm
Forum: Forum Issues and Administration
Topic: Personal Life subforum?
Replies: 97
Views: 11117

Re: Personal Life subforum?

How can you ensure posts in such a subforum will not turn into an uncivilized conversation.. ...I just think of someone doing something on a personal level based on someones opinion here, it goes wrong and then they blame the Bogleheads for their short-comings. Personally I feel that any thread, on...
by kayanco
Tue Jun 17, 2014 6:50 pm
Forum: Personal Consumer Issues
Topic: Forums like Bogleheads, for Life ?? (other aspects)
Replies: 56
Views: 7300

Re: Forums like Bogleheads, for Life ?? (other aspects)

So I'm wondering if there are other forums, which have similar wisdom/lessons learned, for other areas of life. Maybe in other areas as well, I have intuitive thinking that is false or foolhardy, and I'm not realizing now... but will learn a bad lesson years from now when it's too late...and end up...
by kayanco
Tue Jun 17, 2014 6:39 pm
Forum: Personal Consumer Issues
Topic: Forums like Bogleheads, for Life ?? (other aspects)
Replies: 56
Views: 7300

Re: Forums like Bogleheads, for Life ?? (other aspects)

Some of my earliest and best connections via the net were at The Well. At the time it was a bulletin board that touched on everything from spirit to green living to systems thinking to very practical matters. It still exists but I cannot speak to the quality 20 years later. http://www.well.com Than...
by kayanco
Tue Jun 17, 2014 4:16 pm
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional 401K
Replies: 178
Views: 68726

Re: Roth vs Traditional 401K

I'm going to let you think about this for yourself for a few days. I don't know what formula you are using, but I just used compound interest calculator http://i.imgur.com/UjnhJ2Q.png Case 1. Roth 401(K): Income: 70,000 25% tax on 70,000 = 17,500 Contribute 17,500 In hand: 70,000-17,500-17,500 = 35...
by kayanco
Tue Jun 17, 2014 3:30 pm
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional 401K
Replies: 178
Views: 68726

Re: Roth vs Traditional 401K

So let's have 2 people in the 28% tax bracket start out with $24,305 to be invested. Person A, pays $6805 in income taxes and puts $17,500 into a Roth 401(k). Person B, puts $17,500 into a traditional 401(k) which causes their tax bracket to drop to 25% and then pays 25% taxes on the remaining $680...
by kayanco
Tue Jun 17, 2014 3:20 pm
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional 401K
Replies: 178
Views: 68726

Re: Roth vs Traditional 401K

You are right. The person who didn't save money is worse off. Thanks livesoft! Like I said just trying to get a base level understanding of when one is better than other....regarding your question: ... However, I think it is better to spend money on experiences and stuff than it is to spend it on t...
by kayanco
Tue Jun 17, 2014 1:25 pm
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional 401K
Replies: 178
Views: 68726

Re: Roth vs Traditional 401K

If he takes all of that money and spends it (e.g. cable, movies, bla bla)...THEN will the Roth guy be better off in retirement (irrespective of starting or ending tax rates)? No, the Roth guy won't be better off, but will have missed out on becoming a cultured, sophisticated, man-about-town from al...
by kayanco
Tue Jun 17, 2014 12:44 pm
Forum: Forum Issues and Administration
Topic: Personal Life subforum?
Replies: 97
Views: 11117

Re: Personal Life subforum?

I fully fully fully, 100% support this idea. There are many things we can learn from people who have gone thorough or experienced the same things or decision that many people are contemplating. Just like investing, if someone has tried stockpicking and learnt a harsh lesson, can share that with a yo...
by kayanco
Tue Jun 17, 2014 12:31 pm
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional 401K
Replies: 178
Views: 68726

Re: Roth vs Traditional 401K

That way to think about it is flawed because you have ignored the taxes that were paid before the $17,500 was contributed to the Roth IRA. Suppose one is in the 28% tax bracket and no state income tax and a "clean" tax return (no credit expiring, etc), then in order to be able to contribute $17,500...
by kayanco
Tue Jun 17, 2014 12:17 pm
Forum: Personal Consumer Issues
Topic: What Do You Eat For Snacks? [for exercise-induced hunger]
Replies: 129
Views: 12442

Re: What Do You Eat For Snacks?

It was not raw milk - it is this brand below, which claims "low pasteurization" - I am still enjoying it, the taste is really better and I am a bit of a crank, so this says something for me. BFG http://www.tricklingspringscreamery.com/products/milk/trickling-springs-organic/ Speaking of milk, if yo...
by kayanco
Tue Jun 17, 2014 12:03 pm
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional 401K
Replies: 178
Views: 68726

Re: Roth vs Traditional 401K

Hmmm...ok, can you please tell me if the following way to think about it is correct or flawed? If one person is maxing out Traditional 401(k) with $17,500 and another guy is maxing out Roth 401(k) with $17,500...both having the same fund in it, will grow to the same $ value...but at retirement time,...
by kayanco
Tue Jun 17, 2014 8:47 am
Forum: Personal Consumer Issues
Topic: Forums like Bogleheads, for Life ?? (other aspects)
Replies: 56
Views: 7300

Re: Forums like Bogleheads, for Life ?? (other aspects)

Mongoose wrote:I read http://www.mrmoneymustache.com/ equally with bogleheads.
MMM is a little extreme though I somewhat agree with his philosophy and I am part of the early retirement philosophy club.
Thank you Mongoose! I will take a look.
by kayanco
Tue Jun 17, 2014 8:45 am
Forum: Investing - Help with Personal Investments
Topic: I've decided - Please help with Retirement?
Replies: 36
Views: 5907

Re: I've decided - Please help with Retirement?

... The important thing is to educate yourself...and to just get started. One of the worst things an investor can fall into is "paralysis analysis" always weighing new information and deferring decision making...There are people who analyze and analyze and never get around to actually investing. .....
by kayanco
Tue Jun 17, 2014 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Information overload
Replies: 8
Views: 1222

Re: Information overload

Welcome to the forum. I'm new here as well, but have found a wealth of info. I'm sure experience folks will guide you.

Meanwhile, I found this wiki very useful:
http://www.bogleheads.org/wiki/Asset_allocation
by kayanco
Tue Jun 17, 2014 7:12 am
Forum: Personal Consumer Issues
Topic: Forums like Bogleheads, for Life ?? (other aspects)
Replies: 56
Views: 7300

Re: Like Bogleheads, for Life ??

NAVigator wrote:
DualIncomeNoDebt wrote:http://lifehacker.com/
I agree that this is a helpful site. I would like to add http://www.thesimpledollar.com
Thanks! But these are websites, I meant forum/community ..
by kayanco
Tue Jun 17, 2014 7:10 am
Forum: Personal Consumer Issues
Topic: Forums like Bogleheads, for Life ?? (other aspects)
Replies: 56
Views: 7300

Re: Like Bogleheads, for Life ??

DualIncomeNoDebt wrote:http://lifehacker.com/
Lifehacker is a pretty good blog actually, cover a whole plethora of topics :)
by kayanco
Tue Jun 17, 2014 7:04 am
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional 401K
Replies: 178
Views: 68726

Re: Roth vs Traditional 401K

Caduceus, one thing: when folks discuss or compare 401(k) to Roth 401(k), is that with the assumption that the tax money saved (more money in hand), is also invested?
When I see some suggestions that traditional is better, in those cases is traditional better despite not saving the tax money?