Search found 229 matches

by frugalmama
Thu Jun 06, 2019 1:00 am
Forum: Personal Consumer Issues
Topic: Trailer Camping while Skiing?
Replies: 14
Views: 1234

Re: Trailer Camping while Skiing?

Hello, Our family is interested in going downhill skiing. However, due our family size, it is not economical for us to stay in a hotel and we prefer not to use Air BNB, etc.. We are used to roughing it (we have tent camped in snow before) and like the outdoors and would like to camp (preferably in ...
by frugalmama
Wed Jun 05, 2019 8:49 am
Forum: Personal Consumer Issues
Topic: Trailer Camping while Skiing?
Replies: 14
Views: 1234

Trailer Camping while Skiing?

Hello, Our family is interested in going downhill skiing. However, due our family size, it is not economical for us to stay in a hotel and we prefer not to use Air BNB, etc.. We are used to roughing it (we have tent camped in snow before) and like the outdoors and would like to camp (preferably in o...
by frugalmama
Mon Jun 03, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 29892

Re: Can I afford this 2.3 million dollar home?

If this is for a much larger home, etc. make sure you also are considering the maintenance. In a much more elite neighborhood, other costs often go up a lot too - sometimes 2 homeowner associations, stricter expectations regarding things like lawns, etc., higher air conditioning bills as you have mo...
by frugalmama
Mon Jun 03, 2019 12:24 pm
Forum: Investing - Theory, News & General
Topic: How did you all do in the month of May, 2019
Replies: 126
Views: 11598

Re: How did you all do in the month of May, 2019

I don't look very often, especially in a down month. +1 I think the only day I glanced at it (knew it was down but have no clue how much) was the day that I made my regular contribution. I will probably see it again in a few days when I make my June contribution but I don't remember it's high and I...
by frugalmama
Mon Jun 03, 2019 11:54 am
Forum: Personal Consumer Issues
Topic: Do you drive old cars for long distance travels?
Replies: 105
Views: 8621

Re: Do you drive old cars for long distance travels?

Yes, 2 of our 3 vehicles is over 10..the other is nearing 10. We travel over the country with them and even to Canada (we live in TX). However, we bring tools and my husband can fix just about any car (currently rebuilding a transmission in one of them), does ABS systems, replaced the core battery i...
by frugalmama
Wed Mar 06, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: How the Fed calculates household's Net Worth
Replies: 99
Views: 6999

Re: How the Fed calculates household's Net Worth

Pension and Social Security payments are income. Income is not net worth. Income can increase net worth, but income is not net worth. Somebody worth $0 can be in a better position than somebody worth $1 million. Net worth doesn't always mean one is better off. A doctor coming out of medical school ...
by frugalmama
Mon Mar 04, 2019 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Value of Vacation Experiences with Big Fam & Young Kids
Replies: 75
Views: 5079

Re: Value of Vacation Experiences with Big Fam & Young Kids

We travel every summer extensively - 4-6 weeks usually with 10 kids ages 16-infant. We've been doing it for years. We generally camp or RV as we find hotels stressful (and now no longer accomodating to such a large family). I think that when traveling with kids, you can have a blast doing almost any...
by frugalmama
Mon Feb 04, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you keep in checking?
Replies: 135
Views: 12627

Re: How much do you keep in checking?

Usually around 2 to 3,000 between 2 accounts although it has been lower (credit union that has very favorable terms and a local bank because it is a hassle to deposit checks into my credit union through shared branching). We are in an unusual situation though because we have a lot of different incom...
by frugalmama
Sat Jan 19, 2019 3:02 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 62067

Re: John Bogle has died at age 89

Mr. Bogle, Thank you for all that you've done for my family. You have allowed us to follow our dreams, dreams that wouldn't have been possible without a sound investing strategy. My husband and I appreciate your wisdom and I am so thank you got us on the right path when my husband picked up Bogle on...
by frugalmama
Fri Jan 18, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon Rewards Visa -- predatory lending?
Replies: 38
Views: 5122

Re: Amazon Rewards Visa -- predatory lending?

I have this card...had it for years..and love it so if you are interested in it, I wouldn't let the terms deter you. As everyone already said, it doesn't charge interest any different than any other credit card out there. However, auto pay is a credit card user's best friend.
by frugalmama
Wed Jan 16, 2019 11:18 am
Forum: Personal Investments
Topic: 100% in VTSAX - Is it crazy???
Replies: 87
Views: 14678

Re: 100% in VTSAX - Is it crazy???

What I find crazy is not to be 100% stocks with a 25-year horizon, it’s to be 0% international. I agree with this. We are in the same situation with pensions..and 100% stocks in that situation isn't nearly as risky as it sounds because your pension is like you essentially have bond income. I'm 100%...
by frugalmama
Wed Jan 16, 2019 11:08 am
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 218
Views: 19844

Re: Are You Dumping Netflix?

Considering Netflix provides us far more than we could watch in a lifetime, and half a year costs about what three of us would spend on one trip to the cinema with snacks, we'll keep it. We do have Prime as well, but we'd have it for the free shipping and free book a month anyway. I haven't had cab...
by frugalmama
Wed Jan 16, 2019 10:55 am
Forum: Investing - Theory, News & General
Topic: When would you stop being a Boglehead?
Replies: 95
Views: 8467

Re: When would you stop being a Boglehead?

There is no amount that would change my almost Bogleheads investment philosophy (I do hold Primecap). However, with the DH and I having some law/accounting background, I think there could be a point in which I could find value in hiring a good estate planning attorney or even tax accountant for a on...
by frugalmama
Wed Jan 09, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Too many credit cards?
Replies: 54
Views: 3787

Re: Too many credit cards?

I have around 10 (around 4 active and 6 churning)... 3 is not a big deal at all. if you want simplicity then you can just get Citi Doublecash that gives 2% cashback on everything and use it everywhere. That describes me. I don't find it to be a big deal at all. OP, you can still review your bill ev...
by frugalmama
Tue Jan 08, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: When did tax planning become important for you?
Replies: 20
Views: 1641

Re: When did tax planning become important for you?

My first year of college when I had to file my own return. My father had told me he would take care of my return while in high school and I looked what he did with my return and saw he missed some opportunities. I have been tax planning ever since. One time I explained to my mother what I was doing ...
by frugalmama
Mon Jan 07, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: $100 Christmas gift
Replies: 14
Views: 1815

Re: $100 Christmas gift

The $100 was a gift. The 10k was my own money. They are two (2) separate pots on money. I don't know if this makes a difference or not? So, by the book I would have $10,100 total. Two things: 1. This is an example of mental accounting , one of the most common behavioral pitfalls among savers/invest...
by frugalmama
Sat Jan 05, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 271
Views: 25669

Re: $40,000 in debt, bankruptcy seems to be the best option right now

I think everyone here is sympathetic to your situation. That said you seem somewhat reluctant to make the necessary changes. Security services, gym memberships, car leases, cable packages. These are all elective expensives you are choosing to take on. You either need to spend less or make more. Aga...
by frugalmama
Wed Jan 02, 2019 12:36 pm
Forum: Personal Consumer Issues
Topic: Sarasota -> Key West Road Trip
Replies: 6
Views: 536

Re: Sarasota -> Key West Road Trip

smallest post office in the US (off Alligator Alley) Ochopee (home of the "smallest post office in the US") is on US 41, not Alligator Alley. It looks like at least 20 miles one way from AA. Many people confuse Alligator Alley (now I-75) with the Tamiami Trail (US 41), both running across the Everg...
by frugalmama
Wed Jan 02, 2019 11:16 am
Forum: Personal Consumer Issues
Topic: Sarasota -> Key West Road Trip
Replies: 6
Views: 536

Re: Sarasota -> Key West Road Trip

I have made this trip a few times. When are you going? We love visiting the Everglades as a stop in on our way to Key West. However, your experience in the winter will be very different than if you visit in the summer. Our winter trips have been wonderful. However, our summer trip to the Everglades ...
by frugalmama
Wed Jan 02, 2019 11:04 am
Forum: Personal Consumer Issues
Topic: First (consumer!) purchase of 2019 and purchase recordkeeping
Replies: 32
Views: 2420

Re: First (consumer!) purchase of 2019 and purchase recordkeeping

Fantastic way to work a grocery shop! I do what you are indicating you want to do in YNAB, but I have the free version (one time pay and have used for a good number of years now) but now you can purchase the cloud version. That said, the cloud version is an annual fee and, being frugal myself, I can...
by frugalmama
Wed Jan 02, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating my 2018 Spending
Replies: 32
Views: 2524

Re: Evaluating my 2018 Spending

Have tracked spending for the last six years using YNAB. Just upgraded to the cloud-based version of YNAB, which should make this easier. It's very interesting and productive to look at a year's expenses and see where money goes. Just doing that motivates us to save money in specific categories. I ...
by frugalmama
Wed Jan 02, 2019 10:10 am
Forum: Personal Consumer Issues
Topic: Using less plastic
Replies: 69
Views: 2120

Re: Using less plastic

I don't think environment conscious is political but a lot of people have to make every discussion political. It's because since at least as early as the 19th century some people have decided that "environmental issues" are a convenient tool to attack capitalism. All threads like this should be off...
by frugalmama
Tue Jan 01, 2019 9:46 pm
Forum: Personal Consumer Issues
Topic: Your ideal home size
Replies: 130
Views: 9479

Re: Your ideal home size

Family of 12 right now, 2700 sq feet. I think this size is fine but I could use space in different areas than I have it, so long term we will probably add on another 500 square feet/remodel or move as we need more space in our kitchen/family room and less in the entry, laundry, halls, etc.
by frugalmama
Tue Jan 01, 2019 11:58 am
Forum: Personal Consumer Issues
Topic: Dry January 2019
Replies: 8
Views: 1446

Re: Dry January 2019

I will...I only drink once a year or so and it won't be this month, LOL! ;)
by frugalmama
Tue Jan 01, 2019 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Is this budget lean enough?
Replies: 31
Views: 2300

Re: Is this budget lean enough?

Looking for any advise from people in a similar situation. Not sure if this budget has any real potential to clean up or if it is already lean enough and efforts should be focused more on actually adhering to it. I have looked at some forums and advice like $200/mo for groceries for a family of fou...
by frugalmama
Mon Dec 31, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating my 2018 Spending
Replies: 32
Views: 2524

Re: Evaluating my 2018 Spending

I am one of "those people" too and have a very tight budget. I have some new goals for 2019 so I'm working on cutting some areas...I don't think I did poorly last year and we met all the goals I set out last year so I'm happy with my progress but I see it as a challenge so it is always enjoyable to ...
by frugalmama
Mon Dec 31, 2018 9:47 pm
Forum: Investing - Theory, News & General
Topic: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?
Replies: 160
Views: 10116

Re: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?

No, in large part because I don't have huge chunks of cash like that to invest...it takes me all year to save up for the contribution for DH and so I DCA.
by frugalmama
Mon Dec 31, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Money Making Phone Apps
Replies: 2
Views: 522

Re: Money Making Phone Apps

Savings Star - https://savingstar.com (hasn't been good for the items I purchase but maybe it would be good for you)....I don't think they have a phone app but similar idea.
by frugalmama
Mon Dec 31, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: Happy New Year Do you have plans?
Replies: 37
Views: 2091

Re: Happy New Year Do you have plans?

Here we have lots of appetizers and we work a puzzle while we wait with the kids for the ball drop on TV. Happy Anniversary Sheepdog! Thank you to everyone for all your time and advice this year. I didn't know that there was a community like me all these years and am so glad that I found you guys......
by frugalmama
Sun Dec 30, 2018 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Student loans Versus HSA/Medical Bills
Replies: 6
Views: 492

Re: Student loans Versus HSA/Medical Bills

Congrats on your future arrival! You are limited into how much you can contribute to an HSA and an FSA and the limits are different and depend on what kind of health insurance you have (which you may be able to change based on when your enrollment period is but make sure your insurance meets the ded...
by frugalmama
Sun Dec 30, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 411
Views: 62254

Re: That Extravagant Thing You Do

For us it is our house (we could never get a loan for our house on our current income as we make 1/3 to 1/4 of what we did previously) but we did not want to move due to the fact that we like our home, school, and community and the fact that we don't owe that much on our home at this point. We also ...
by frugalmama
Wed Dec 26, 2018 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Am I understanding this right? - Tax Question regarding ACTC and tax-deferred IRA conversions
Replies: 4
Views: 455

Re: Am I understanding this right? - Tax Question regarding ACTC and tax-deferred IRA conversions

What a great, interesting math problem! Things you may want to consider: how does this intersect with state taxes? Any dependents reaching college age in a few years? FAFSA is now using prior-prior year tax return info, so 2018 tax info will go on a 2019 FAFSA for a student entering college in the ...
by frugalmama
Wed Dec 26, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 5078

Re: Working Holidays for extra money.

I would work it at 2.5 pay. I am working New Year's and part of New Year's Eve this year (not during our regular celebrating time) because the pay is quite a bit more than I normally would make (not 2.5x). I arranged going out of town around it.
by frugalmama
Fri Dec 21, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: Irrational Regret
Replies: 3
Views: 591

Re: Irrational Regret

I think that some of this irrational regret can come from looking at the portfolio daily and tracking it. The ups subconsciously confirm you are on the right track and the downs make you question your path. I'll never forget the first time we lost a year's salary in a day (unrealized loss)...I start...
by frugalmama
Thu Dec 20, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Does carrying a credit card with a very high limit bother you? Say you have credit card for 50k but never spend more
Replies: 71
Views: 3822

Re: Does carrying a credit card with a very high limit bother you? Say you have credit card for 50k but never spend mor

I agree that having more than one card is not a good idea. I had a problem with several credit card companies (despite calling them in advance) when I traveled to Canada a few years ago...not what I was expecting. I think I went through 4 cards trying to pay for gas at one station and it wasn't lik...
by frugalmama
Thu Dec 20, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Does carrying a credit card with a very high limit bother you? Say you have credit card for 50k but never spend more
Replies: 71
Views: 3822

Re: Does carrying a credit card with a very high limit bother you? Say you have credit card for 50k but never spend mor

I agree that having more than one card is a good idea. I had a problem with several credit card companies (despite calling them in advance) when I traveled to Canada a few years ago...not what I was expecting. I think I went through 4 cards trying to pay for gas at one station and it wasn't like I c...
by frugalmama
Thu Dec 20, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?
Replies: 44
Views: 4188

Re: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?

I do this and my credit scores as reported by credit card companies and by credit karma are essentially unaffected. It seems algorithms have changed, too. I got a large 0% interest rate car loan mid-year and my credit score went down less than 10 points. I've only made 5 monthly payments and my sco...
by frugalmama
Wed Dec 19, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: Saving on Home Improvement Repairs
Replies: 29
Views: 1947

Re: Saving on Home Improvement Repairs

I don't think that you are going to find a contractor who is willing to teach you...and I agree with using youtube videos as we turn towards that when we need help. However, I recommend you find your local Habitat for Humanity affiliate, volunteer with them for a year or so and pick up some skills. ...
by frugalmama
Wed Dec 19, 2018 2:57 pm
Forum: Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 135
Views: 21205

Re: Net worth of $3.7M at age 47 - can we retire?

I think you've received some really good advice as I don't think you can retire on what you have based on your fixed expenses for all the reasons already stated. I also agree that your kids' expenses are about to increase a lot as they get a little older. However, I get being burned out, etc. That i...
by frugalmama
Wed Dec 19, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 23672

Re: What Happened to you during the Financial crisis of 2007–2008

We had 100% equities except for a small EF. DH was self employed and due to a variety of other reasons in addition to financial because business was definitely down, he decided to close his business. He tried finding a job and couldn't find one and had some health issues...he took about a year off. ...
by frugalmama
Wed Dec 19, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Is my "tax guy" unqualified?? Preparers vs advisors.
Replies: 21
Views: 2375

Re: Is my "tax guy" unqualified?? Preparers vs advisors.

You do not have income when you receive a deposit, even though you use the cash accounting method. If for some reason you cannot get to the gig, you have to return the deposit. The deposit money should be treated as a loan until you earn the money by playing the gig. In accounting speak you would h...
by frugalmama
Wed Dec 19, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: I feel cheated, saved too much in 401K vs cash.
Replies: 74
Views: 11466

Re: I feel cheated, saved too much in 401K vs cash.

My intent was not to make this about RE vs 401K, rather 401K versus saving outside of retirement accounts. I am convinced that if we had saved more in taxable account that we would feel better retiring than if we had the money in 401K: Cheaper insurance. Easier ability to postpone withdrawals from ...
by frugalmama
Wed Dec 19, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Is my "tax guy" unqualified?? Preparers vs advisors.
Replies: 21
Views: 2375

Re: Is my "tax guy" unqualified?? Preparers vs advisors.

You do not have income when you receive a deposit, even though you use the cash accounting method. If for some reason you cannot get to the gig, you have to return the deposit. The deposit money should be treated as a loan until you earn the money by playing the gig. In accounting speak you would h...
by frugalmama
Wed Dec 19, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Math: How much would you spend to repair this car?
Replies: 53
Views: 2752

Re: Math: How much would you spend to repair this car?

So, everything is fine except a headlight is broken and the check engine light is on? And people are saying that's "totaled"? Get the headlight fixed. Won't be expensive. Take it to AutoZone and they'll tell you why the check engine light is on. Then you just make a mental note of the reason. Then ...
by frugalmama
Tue Dec 18, 2018 12:03 pm
Forum: Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 129
Views: 14428

Re: Is anyone's portfolio not tanking???

It has gone down quite a bit...and I have been buying more :). I look at these as buy opportunities. I'm not a conservative investor (not entirely index funds but mostly...but asset allocation is high in stocks) and have a very high risk tolerance so I sort of see this as funny money as I don't feel...
by frugalmama
Tue Dec 18, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Am I understanding this right? - Tax Question regarding ACTC and tax-deferred IRA conversions
Replies: 4
Views: 455

Re: Am I understanding this right? - Tax Question regarding ACTC and tax-deferred IRA conversions

To know for sure, using commercial tax software that includes all 2018 changes would be best. Unfortunately even the TurboTax, H&RBlock, etc., programs are apparently not 100% ready now, but it's probably worth trying your favorite. AFAIK the most accurate estimation program for 2018 taxes is the p...
by frugalmama
Tue Dec 18, 2018 11:04 am
Forum: Personal Investments
Topic: Made Big mistake timing the market - help
Replies: 41
Views: 11225

Re: Made Big mistake timing the market - help

I vote to sell it and spend a lot of time learning about the Bogleheads approach. Many good books here I particularly like: A Random Walk Down Wall Street - Burton Malkiel The Four Pillars of Investing: Lessons for Building a Winning Portfolio - William Bernstein Post your portfolio question if you...
by frugalmama
Tue Dec 18, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Am I understanding this right? - Tax Question regarding ACTC and tax-deferred IRA conversions
Replies: 4
Views: 455

Am I understanding this right? - Tax Question regarding ACTC and tax-deferred IRA conversions

Hi, I appreciate all the help on the forum as I learn things every time I read. I was hoping that someone could help me with a very specific tax question as I want to make sure I haven't gotten confused with the new forms and rules. We have a very large family and end up getting the additional child...
by frugalmama
Fri Dec 14, 2018 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Law school without practicing law
Replies: 79
Views: 6515

Re: Law school without practicing law

Law is like accounting...everyone has their specializations so you often would do better finding someone who practices in that specific area. Law School is also expensive...we are still paying on it! You would do better finding some good people in the areas that you need. Plus, would you really repr...