Search found 240 matches

by MnyGrl
Mon Apr 09, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Posting My Expenses for 2018...
Replies: 23
Views: 1869

Re: Posting My Expenses for 2018...

You don't say what your income or net worth is, so not sure if this is extravagant or within your means.

The most obvious places to cut, if you want to make cuts, are Personal Care, Travel, Groceries/Restaurants, and Gifts. But you probably already knew that.
by MnyGrl
Mon Apr 09, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 12186

Re: Cash flow problems - best way to handle?

Thanks for all the replies and suggestions. It seems that I have some research to do - I'll look around for more competitive HELOC rates and also check with my 401K administrator to see how loans work. I have excellent credit so I'm pretty sure I can get a zero interest CC if I need one quickly. If ...
by MnyGrl
Mon Apr 09, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 12186

Re: Cash flow problems - best way to handle?

Hi, my car has 95K miles on it - I've always worked close to home so they have been hard, stop-and-go-traffic miles, but still fairly low mileage. It is a Honda Element which they don't make anymore and the car seems to have a small following, so hoping to get at least a few thousand for it. (I am ...
by MnyGrl
Mon Apr 09, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 12186

Re: Cash flow problems - best way to handle?

You shouldn't have a mortgage (and 2 kids) if your mortgage takes 50% of your take home pay. That is insane! Any financial advisor would tell you the same thing - that is pure common sense. You need to be renting. When you live in a HCOL area, and you are divorced and have kids, sometimes the rules...
by MnyGrl
Mon Apr 09, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 12186

Re: Cash flow problems - best way to handle?

I am on a pretty tight budget. I live in a HCOL area and have a moderate income. This year I needed to get a new car so took a big chunk of money from savings. There have been a few other things that have come up as well, so my savings have gotten very low. I will need to pull some money out of sav...
by MnyGrl
Mon Apr 09, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 12186

Re: Cash flow problems - best way to handle?

The 529 plan is part of the divorce agreement so can't drop it. Is the summer camp also required? Does your ex have the capacity and willingness to shoulder some costs beyond what is required? Sell your new car and downgrade to a 3-4 year old car. Use this money to pay for summer camps. The numbers...
by MnyGrl
Mon Apr 09, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 12186

Re: Cash flow problems - best way to handle?

The 529 plan is part of the divorce agreement so can't drop it. Is the summer camp also required? Does your ex have the capacity and willingness to shoulder some costs beyond what is required? Sell your new car and downgrade to a 3-4 year old car. Use this money to pay for summer camps. The numbers...
by MnyGrl
Mon Apr 09, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 12186

Re: Cash flow problems - best way to handle?

You haven't given enough information about your financial situation to offer specific advice, so this will just be general comments on your post. You need to learn to distinguish between 'needs' and 'wants'. Summer camp for the kids is a want not a need. There will always be unexpected expenses or ...
by MnyGrl
Mon Apr 09, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 12186

Re: Cash flow problems - best way to handle?

The best 'cash flow' advice I ever got was from an old farmer when I started my dental practice in 1982. He told me not to try to live like a Rockefeller when you are earning like a ditch digger. I laughed, but never forgot that wisdom. I am recently divorced with two kids. I have never lived like ...
by MnyGrl
Mon Apr 09, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 12186

Re: Cash flow problems - best way to handle?

Good job posting the budget. What do your numbers look like after your typical monthly spending on variable expenses? I suspect there isn't much left - but this is where the savings is likely to come from. We are pretty frugal. When we really work on it - don't eat out or shop (and no unexpected ex...
by MnyGrl
Mon Apr 09, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 12186

Re: Cash flow problems - best way to handle?

You haven't given enough information about your financial situation to offer specific advice, so this will just be general comments on your post. You need to learn to distinguish between 'needs' and 'wants'. Summer camp for the kids is a want not a need. There will always be unexpected expenses or ...
by MnyGrl
Mon Apr 09, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 12186

Re: Cash flow problems - best way to handle?

I would post my budget here and let us tell you suggestions on how to improve your budget. The only long term solution to a cashflow problem is to spend less or make more money. None of your proposals address either of those and in fact they all increase your spending. I am posting my monthly budge...
by MnyGrl
Mon Apr 09, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 12186

Cash flow problems - best way to handle?

I am on a pretty tight budget. I live in a HCOL area and have a moderate income. This year I needed to get a new car so took a big chunk of money from savings. There have been a few other things that have come up as well, so my savings have gotten very low. I will need to pull some money out of savi...
by MnyGrl
Sat Apr 07, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: !Please Advise on sensible housing for guy going through divorce!
Replies: 32
Views: 3077

Re: !Please Advise on sensible housing for guy going through divorce!

Get a lawyer. IF you leave now I believe the child with her, you lose. It sounds like you are a committed parent so you would want to retain joint custody. In that case she can no longer lmove with the child any more than you can. She has no more right to the child than you do unless you agree to i...
by MnyGrl
Sat Apr 07, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: !Please Advise on sensible housing for guy going through divorce!
Replies: 32
Views: 3077

Re: !Please Advise on sensible housing for guy going through divorce!

I think one answer is that you should see a lawyer before you move out. A first topic to discuss is the "when she moves out, I [might] move back in" part. Yes, definitely check with a lawyer before moving out, if you are not taking the child with you to the new place. Leaving the child with her bef...
by MnyGrl
Sat Apr 07, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Personal Capital's "Complimentary Portfolio Review" - Thoughts?
Replies: 17
Views: 1182

Re: Personal Capital's "Complimentary Portfolio Review" - Thoughts?

I created an account but then deleted it shortly afterwards after learning that Fidelity will not cover any losses that occur if you give your password to a third party. That’s too high a risk for me, especially given how frequently companies are hacked into these days. They did call me a few hours ...
by MnyGrl
Fri Apr 06, 2018 9:37 am
Forum: Personal Consumer Issues
Topic: Want/need some income in semi-retirement
Replies: 90
Views: 7783

Re: Want/need some income in semi-retirement

I live in a HCOL area too, and the demand is very high for in-home services like AirBNB (renting out your home or a room in your home, for a time period that you specify) and rover.com (pet sitting in your home).
by MnyGrl
Thu Apr 05, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: House down payment - Smart for anything between 3.5% and 20%?
Replies: 23
Views: 2114

Re: House down payment - Smart for anything between 3.5% and 20%?

People usually pay a higher down payment not only to avoid PMI, but also to reduce their monthly payment. Don't know if the increased monthly payment matters to you.
by MnyGrl
Wed Apr 04, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Tips to switch from Software Eng. to software Teaching/Training
Replies: 10
Views: 1122

Re: Tips to switch from Software Eng. to software Teaching/Training

Anyone has done this or have some advice. I have been in Software engineering role for almost 20 year. Now a days I am realizing that, I love to teach, give talks and mentor junior developers. So contemplating if I should try career in software teaching. Thanks in advance. It will likely pay less, ...
by MnyGrl
Sat Mar 31, 2018 9:11 am
Forum: Personal Consumer Issues
Topic: Need Options - Honda Accord Incredibly Uncomfortable Seats
Replies: 110
Views: 19509

Re: Need Options - Honda Accord Incredibly Uncomfortable Seats

... The car has by far the most uncomfortable seats I have ever experienced. This is not apparent from the test drives. After my first 2 hour drive my back was in excruciating pain for the whole day! ... From my past experience I concur about the seats. In my case, the seats aren't terrible but the...
by MnyGrl
Fri Mar 30, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 11500

Re: How Do You Value Your Home for Net Worth Purposes?

I include home value in my net worth. I use a conservative value and also subtract 6% for my cost to sell it. And I put my mortgage loan balance in my liability section. I for one, think that net worth is the most important financial measurement that I track. It is the purest measurement of my fina...
by MnyGrl
Fri Mar 30, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Resign from job or possible termination
Replies: 76
Views: 10492

Re: Resign from job or possible termination

Resigning usually means that you cannot collect unemployment, at least in my state.

Don't quit and keep looking.
by MnyGrl
Thu Mar 29, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: Comparison of grocery prices?
Replies: 47
Views: 4890

Re: Comparison of grocery prices?

I used to shop at Trader Joe's most of the time, but Aldi's seems to have many of the same products for less, just in different packaging. I used to spend about $125 every two weeks at Trader Joe's, but that is down to about $85/two weeks at Aldi's. It doesn't have the upscale atmosphere and you ha...
by MnyGrl
Thu Mar 29, 2018 3:54 pm
Forum: Personal Consumer Issues
Topic: Comparison of grocery prices?
Replies: 47
Views: 4890

Re: Comparison of grocery prices?

I used to shop at Trader Joe's most of the time, but Aldi's seems to have many of the same products for less, just in different packaging. I used to spend about $125 every two weeks at Trader Joe's, but that is down to about $85/two weeks at Aldi's. It doesn't have the upscale atmosphere and you ha...
by MnyGrl
Thu Mar 29, 2018 3:47 pm
Forum: Personal Consumer Issues
Topic: Comparison of grocery prices?
Replies: 47
Views: 4890

Re: Comparison of grocery prices?

I used to shop at Trader Joe's most of the time, but Aldi's seems to have many of the same products for less, just in different packaging. I used to spend about $125 every two weeks at Trader Joe's, but that is down to about $85/two weeks at Aldi's. It doesn't have the upscale atmosphere and you hav...
by MnyGrl
Wed Mar 28, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition
Replies: 127
Views: 8768

Re: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition

Kitces wrote an entire article about gifting shares to pay for college and avoid taxes, and no one seemed to bat an eye. https://www.kitces.com/blog/liquidate-appreciated-securities-tax-free-for-college-funding-by-avoiding-the-kiddie-tax/ The only difference was that the gift was to the child, not ...
by MnyGrl
Wed Mar 28, 2018 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 16620

Re: Healthy eaters -- is this grocery budget normal to you?

Definitely not normal. The three of us eat very healthy foods but get them from Trader Joe’s and Aldis. Monthly bill is under 300/month. We probably spend an additional 100 on restaurants and takeout.
by MnyGrl
Tue Mar 27, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition
Replies: 127
Views: 8768

Re: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition

If I were to do something that is illegal I would work hard to keep any relatives out of it. If robbing a bank, I wouldn’t ask my mom to drive the getaway car. I don’t know what your relationship is like with your mom, but as a mother if one of my kids asked me to do something like this, I would fee...
by MnyGrl
Tue Mar 27, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition
Replies: 127
Views: 8768

Re: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition

If I were wealthy and had a parent with little income, I would give him/her monetary gifts that I would allow her to keep. :D
by MnyGrl
Tue Mar 27, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 7509

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

Thanks for all your thoughtful and detailed replies! I have been frugal all my life and don't think that will probably change. I've been lucky to have been very healthy all my life so far, and exercise and eat well to hopefully stay that way. I don't spend a lot on clothes or shoes or luxuries, but ...
by MnyGrl
Mon Mar 26, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 7509

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

MnyGrl, How much do I need to plan for when Medicare kicks in, if one is reasonably healthy? I wrote our (my wife and I) in-retirement medical cost history a couple of years ago. I copied it for you. This is not our estimated health care costs in retirement. (I retired at 65.) This is our actual co...
by MnyGrl
Mon Mar 26, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 7509

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

Hi, thanks for all your replies! About medical insurance - it sounds like I should really try to stay in the workforce until Medicare kicks in. Right now I am paying about $500/month pretax for health insurance (my employer kicks in about $350) which seems high for just one person, although it is ex...
by MnyGrl
Mon Mar 26, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Home Security
Replies: 26
Views: 2853

Re: Home Security

What do you want the security system for, protection against burglary or protection against home invasion/attack? For either, stout doors and good locks are your first line of defense. For burglary, insurance is the best protection. Take photos of everything you own and upload to web storage, so ev...
by MnyGrl
Mon Mar 26, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 7509

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

Thanks for your replies! I traveled a ton when I was younger (before kids and mortgage took all my money), so not sure if I'll feel the urge to travel, although I will if things look like they will be ok financially. I am already working on my food spending - an Aldi opened by my house late last yea...
by MnyGrl
Mon Mar 26, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Anxious about age, career, and housing costs
Replies: 60
Views: 6112

Re: Anxious about age, career, and housing costs

OP, I bought my first place in 2004 in a townhouse complex in the midwest. It was a good "first dip" into real estate as it gave me the flexibility of my own home without the burden of yard upkeep. In 2005 (a year later!) I took a promotion and moved out of state. Fast forward to 2012, I bought ano...
by MnyGrl
Mon Mar 26, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 7509

Retirees: How does your retirement spending compare to pre-retirement spending?

I am 47 and am trying to figure out how to predict what I may spend during retirement. I live a very modest lifestyle on a very moderate salary (80K) in a HCOL. I have two kids and may end up staying in the HCOL area if they do (lots of jobs here). I am a few years into a mortgage so I think I would...
by MnyGrl
Fri Mar 23, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Losing friends/family when wealthy
Replies: 118
Views: 12085

Re: Losing friends/family when wealthy

OP, This is your earlier thread - https://www.bogleheads.org/forum/viewtopic.php?f=2&t=244696 To relate these 2 threads - it seems that your entire focus was on acheiving the retirement corpus - FI and with that done there is a target emptiness in life. It is obsessing you to think about things whi...
by MnyGrl
Wed Mar 21, 2018 6:25 am
Forum: Personal Consumer Issues
Topic: SE Washington DC job - where to live?
Replies: 55
Views: 4036

Re: SE Washington DC job - where to live?

What is her budget?

Rosslyn and Arlington are very nice but pricey options.
by MnyGrl
Tue Mar 20, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 35494

Re: Those with high savings rate: why?

I save a lot because I fear being dependent. A number of women I know have either needed to stay in terrible marriages because they couldn't afford to be on their own, or (worse) married to have a more comfortable lifestyle. I want to be able to make good choices without having money (or lack of it)...
by MnyGrl
Sat Mar 17, 2018 8:05 pm
Forum: Personal Consumer Issues
Topic: TV and set up recommendations for above fireplace
Replies: 35
Views: 2956

Re: TV and set up recommendations for above fireplace

Put the TV at eye level. Almost everyone I know who mounted one above a fireplace eventually regretted it. Your neck will thank you. +1. A tv above the fireplace also removes any ambiance the fireplace might have provided. A small flatscreen doesn’t take up much space. Maybe you can find a small ca...
by MnyGrl
Fri Mar 16, 2018 3:57 pm
Forum: Personal Consumer Issues
Topic: Time/money trade-offs with work and life balance
Replies: 46
Views: 4365

Re: Time/money trade-offs with work and life balance

Have you asked them to match the vacation time you currently have? It is always worth asking.

If not, are they amenable to your taking Leave Without Pay (LWOP)?
by MnyGrl
Fri Mar 16, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: How does everyone here earn so much?
Replies: 131
Views: 8804

Re: How does everyone here earn so much?

I have to chuckle at the "Is it safe to retire at 66? I only have $3 million" posts. I don't really care about the numbers, since I am here for the principles instead of the personalities. That said, I don't give any input to people who claim to have or earn more than I do, because I doubt they nee...
by MnyGrl
Fri Mar 16, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: How does everyone here earn so much?
Replies: 131
Views: 8804

Re: How does everyone here earn so much?

Self selection for sure. Also folks with above average salaries even above average for here which is probably already pretty high, are more likely to post their salary than those who make less than average for here. I see it on other forums as well, not just here. Yup. A fair amount of humblebrag -...
by MnyGrl
Fri Mar 16, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: How does everyone here earn so much?
Replies: 131
Views: 8804

Re: How does everyone here earn so much?

onourway wrote:
Fri Mar 16, 2018 9:50 am
Self selection. People who are likely to be interested in investing and finance are more likely than average to have good incomes.

How many years do you have in the workforce?
+1. If you are poor and use every penny, there is nothing to invest. :)
by MnyGrl
Thu Mar 15, 2018 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 15336

Re: Need advice re: Liberal Arts Colleges...

But I’ll again point out that 61% of community college students don’t earn a degree and of those who transfer to a 4 year school half lose 43% of their credits. But there are several reasons why these stats don't tell the whole story and probably don't apply to OP. Presumably by this point, if he w...
by MnyGrl
Thu Mar 15, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 15336

Re: Need advice re: Liberal Arts Colleges...

But I’ll again point out that 61% of community college students don’t earn a degree and of those who transfer to a 4 year school half lose 43% of their credits. But there are several reasons why these stats don't tell the whole story and probably don't apply to OP. Presumably by this point, if he w...
by MnyGrl
Thu Mar 15, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 15336

Re: Need advice re: Liberal Arts Colleges...

It's your average student who I feel is not served well at cc. Average people don't always read all the fine print and end up taking couses that will not transfer. Average people need a little more hand holding and ccs aren't the best place for that. You are advocating that more "average people" sh...
by MnyGrl
Wed Mar 14, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 15336

Re: Need advice re: Liberal Arts Colleges...

I've taught at the college level at a number of kinds of places, including a SLAC. As many have already noted, going to a SLAC is not the same as majoring in the liberal arts, and so one shouldn't expect only liberal arts degrees. (One should also be careful that majoring in something that sounds s...