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BrownEyedGirl_27

My family puts 10% of each paycheck into our investment accounts. We are looking to increase this to 15% moving forward. How about all of you? Same as you: 10-15% of base pay. I’m all over the map with what I do with my annual bonus. I’ll bet you guy were not expecting the kind of answers your gett...

BrownEyedGirl_27

Last year it was 35% gross income, once I can get a good job again it will go back up to that amount or even more depending on my new income level. I am just starting a job search.

BrownEyedGirl_27

Huge congratulations to you OP! You’ve already gotten a lot of good advice here so enjoy the windfall.

BrownEyedGirl_27

Cheez-It Guy wrote: ↑Sat Apr 04, 2020 8:57 am
aqan wrote: ↑Sat Apr 04, 2020 7:35 am
Cheez-It Guy wrote: ↑Thu Apr 02, 2020 8:07 am Grow it yourself.
How about milk?
Cow's milk is not a requirement to sustain adult humans. Could try powdered milk and reconstitute it.

Had powdered milk as a kid. It was nasty! Only whole milk for us (we make yogurt).

BrownEyedGirl_27

If you’re shopping in a grocery store wear a mask. My friend made our family cotton fabric masks. After we go out we’ll wash them in hot soapy water when we get home.

BrownEyedGirl_27

Our expenses are also down; the categories most effected are dinning, drinks, fuel, misc discretionary, lunch, breakfast/coffee/snacks. I'm also hoarding as much savings as a can to increase the size of my emergency fund as much as I can. Trying to get it to at least 12 months given all the economi...

BrownEyedGirl_27

I'd do it in a heartbeat. In fact, I'd sell the Tesla and buy a $23k Accord instead. But I digress. If best financial move is your goal, it's a no brainer to trade a 5.5 year old car for a brand new car version of one of the most reliable vehicle models ever made. I have a 7 year old Accord that I ...

BrownEyedGirl_27

Our expenses are also down; the categories most effected are dinning, drinks, fuel, misc discretionary, lunch, breakfast/coffee/snacks. I'm also hoarding as much savings as a can to increase the size of my emergency fund as much as I can. Trying to get it to at least 12 months given all the economi...

BrownEyedGirl_27

I have not used Ally. At one point, I heard that Ally does a credit check but I am not sure about its current practice. I use Marcus and I am satisfied with it. I can confirm that they don't check your credit. Ally is pretty great with customer service. What do you like about Marcus? When they give...

BrownEyedGirl_27

98/2 late 20s, married... net worth was $62k, now about $52k, no debt. Checked net worth less than a week ago. I'm not going to check again for awhile. We like our AA and while we could afford to live on just savings + investments (not counting 401k) for a year, we are finding ways to save up additi...

BrownEyedGirl_27

I have been a happy Ally customer for years - have a few accounts and several CDs with them, and a couple with Capital One. With recent turmoil I've moved some money to Marcus to diversify for FDIC purposes. Very happy with the rates at Marcus, but disappointed with the SEVEN days 'til transferred ...

BrownEyedGirl_27

student wrote: ↑Tue Mar 31, 2020 7:30 pm I have not used Ally. At one point, I heard that Ally does a credit check but I am not sure about its current practice. I use Marcus and I am satisfied with it.

I can confirm that they don't check your credit. Ally is pretty great with customer service. What do you like about Marcus?

BrownEyedGirl_27

I would do this but if we went to visit our parents in the sticks we would not have any service. I love the idea of paying $10 for my phone bill but we don’t live in an urban area nor would we have good coverage here.

BrownEyedGirl_27

-$10k

BrownEyedGirl_27

Real perfume over toilette versions of the same thing Grass-fed organic chicken and beef Toms (the more sturdy models) and Naturalizer sneakers Plant-based chips made of 100% real vegetables (then fried) Anastasia Beverly Hills eyebrow pencil and gel Clinique skincare (less expensive than nearly any...

BrownEyedGirl_27

I like TD Ameritrade and Fidelity, haven't used Vanguard's platform before. Vanguard would be the cheapest when buying their funds but if you are considering other non-Vanguard funds over the next months and long term I would recommend the other platforms. I have some VTSAX in TD Ameritrade but I di...

BrownEyedGirl_27

Excellent question. Lots of cash on hand and eliminated any decisions regarding my investments: I only own 1 mutual fund FXAIX (Fidelity 500 index fund), do not have an asset allocation, do not rebalance, do not own ETF's and keep all of my accounts on weekly automatic contributions. Zero decisions...

BrownEyedGirl_27

I basically use total market US index funds across all of my investments except for my company's 401k, which offers a low-cost S&P 500 index fund.

BrownEyedGirl_27

Startups are high risk and high reward. The 50% across the board paycut is a pretty extreme measure. Maybe it allows the startup to stay in business. Maybe it's a sign that the startup is likely to go under very soon. If a lot of key talent leaves because of the 50% paycut, then it's even less like...

BrownEyedGirl_27

Capital One Quicksilver 1.5% cash back for simplicity and ease of redeeming cash back. I think they have a $150 bonus for signing up.

BrownEyedGirl_27

As long as the plan has low-cost investment options, I would contribute even without a match. But my marginal tax rate makes me shake my fist, so I really value pre-tax contributions and those are amazingly better to me than Roth contributions. If you're in a low tax bracket or don't pay tax at all...

BrownEyedGirl_27

I’m sorry. The same thing just happened to me. I am still contributing as much as I can to the plan and will hold the 401k until I am out of work and then need to roll over to an IRA. My guess is that if there are extended furloughs that I would return towards the end of the year and continue contri...

BrownEyedGirl_27

It does sound like you’ll be set up for success but don’t assume that your secure, well-paying job will stay that way. Some BHs who had well-paid jobs are newly laid off.

If I were you I would buy equities after funding 6-12 months of an emergency fund.

BrownEyedGirl_27

They seem to be very popular. Are they worth the price and how much better is making cookies, brownies, cake, pizza,p dough etc with one vs without one? They’re great if you have the counter space in your kitchen and bake often. My mom has a cabinet built with a stand just to store hers, so it goes...

BrownEyedGirl_27

Currently working from home. Expect to be laid off soon. Well, getting laid-off happened a bit quicker than I was expecting. Got a phone call this afternoon from HR telling me that my last day is today. If anyone is looking for an oil and gas transactional lawyer with around 15 years of experience,...

BrownEyedGirl_27

Ramjet wrote: ↑Sat Mar 21, 2020 1:25 pm I've been sent home for a minimum of 30 days but likely 60+

Virtually all my friends have reported layoffs at their employer

What field are you in?

BrownEyedGirl_27

Retail. Not management level but at about sales lead (which I prefer and enjoy). No idea what will happen in the coming weeks for my job, so I am just going to expect the very worst. If the economy is able to pick up by year’s end I suspect I will have the ability to jump back in. Keeping 401k contr...

BrownEyedGirl_27

quantAndHold wrote: ↑Tue Mar 17, 2020 4:58 pm College instructor. Subject that can’t be taught online. Out of work, no pay.

I’m sorry for your loss. Did you file for unemployment?

BrownEyedGirl_27

We talk about finances with a couple who are doing well financially and are investing. They're roughly our age with a higher income. Everything from taxes to investments to bank account bonus churning. We've talked to them about asset allocation and buying stocks on sale due to the market downturn. ...

BrownEyedGirl_27

Since our AA is now 98% stocks and 2% bonds (across all of our accounts) I do not worry about rebalancing anymore. We changed our allocation last year and then decided to not worry about REITs or bonds at all. The only reason we have bonds is that my husband has a Vanguard LifeStrategy fund with a t...

BrownEyedGirl_27

Yeah, I don't mind supporting local businesses here and I love trying out new restaurants. They're in a tough place and I want to enjoy yummy food twice a month. I throw out the containers and wash hands before and after going for carry-out.

BrownEyedGirl_27

With questions like these I think it's useful to keep absolute amounts in perspective. What kind of money are we really talking? Ignoring compounding: 0.5% a year on 10,000 is $50 or $4/mo 1% a year on 10,000 is $100 or $8/mo 2% a year on 10,000 is $200 or $16/mo 1% a year on 30,000 is $300 or $25/...

BrownEyedGirl_27

Hello everyone, so I have a high yield checking account that pays 2.5% APY on up to the first $10,000. I have a high yield savings with Capital One 360 that pays 1.5% APY on balances over $1. My question is, if I want to beef up my emergency fund over the next year, would it be prudent to use the e...

BrownEyedGirl_27

I see no real problem. The concern would be that you blend you normal use of a checking account to pay bills and you will be temped to eat into your emergency fund dollars -- because it would be too easy to do so. If that is a concern or becomes an issue then you could just leave the 10k in the hig...

BrownEyedGirl_27

Try it, and find out how your discipline holds out. a) I suspect won't. b) Speaking strictly personally, yeah, if money were earning 2.5% in my checking account I would be reluctant to move it to a 1.5% savings account "just" to protect me from myself. c) And I would be wrong. I don't thi...

BrownEyedGirl_27

Hello everyone, so I have a high yield checking account that pays 2.5% APY on up to the first $10,000. I have a high yield savings with Capital One 360 that pays 1.5% APY on balances over $1. My question is, if I want to beef up my emergency fund over the next year, would it be prudent to use the e...

BrownEyedGirl_27

Sounds like you already have decided what you want to do. Just remain disciplined and remember what emergency funds are for. Thanks JoeRetire. We’ve been financially disciplined and even more so now. Wanting to find a couple ways to bring in more income (donate plasma if medically possible and get ...

BrownEyedGirl_27

1st: Where did you find a 2.5% checking account? Is that Capital One or elsewhere? 2nd: Don't co-mingle checking and EF. It's too easy to overspend it. Just use the high yield checking as a way to earn more money and do monthly auto transfers to high yield savings elsewhere. Thanks for posting. My ...

BrownEyedGirl_27

Hello everyone, so I have a high yield checking account that pays 2.5% APY on up to the first $10,000. I have a high yield savings with Capital One 360 that pays 1.5% APY on balances over $1. My question is, if I want to beef up my emergency fund over the next year, would it be prudent to use the e...

BrownEyedGirl_27

I'd be surprised if Capital One, Ally, etc all keep their rates where they currently are, given the full percent rate cut ~2 weeks ago. As to the risk of putting money in a checking account... the only time I had an issue with fraudulent activity in checking, Wells Fargo was reasonably quick about ...

BrownEyedGirl_27

Bump for visibility

BrownEyedGirl_27

Hello everyone, so I have a high yield checking account that pays 2.5% APY on up to the first $10,000. I have a high yield savings with Capital One 360 that pays 1.5% APY on balances over $1. My question is, if I want to beef up my emergency fund over the next year, would it be prudent to use the ex...

BrownEyedGirl_27

Serious question... Why even have Roth IRA if you are using CDs in there? Saving taxes on less than 2% interest? It seems like an incredible waste of tax advantaged space and most people would consider me a conservative investor. +1. What rate are you getting for keeping 100k locked in a Roth IRA C...

BrownEyedGirl_27

The way I look at it (as of the last time I read an article discussing the stock market downturn), we lost our 30% gain of 2019 and it's like we're back in Dec 2018. Trying to tune out the noise and focus on time in the market, not timing the market.

BrownEyedGirl_27

Thanks OP for sharing. I set mine up as a joint account with my spouse and while it did take a few days to get sorted out (the first passport picture we faxed them was too dark, my bad), Ally was great over the phone while they troubleshooted for me. Lesson learned for an account bonus coming to a c...

BrownEyedGirl_27

No.

(Age 27)

BrownEyedGirl_27

With these interesting times, I am looking for a better checking account (read more interest). I found Simple on Nerd Wallet. It looks almost too good to be true and wanted to see if anyone has experience. Simple (https://www.simple.com/online-banking/high-yield-accounts) - BBVA backed 1.75% APR FD...

BrownEyedGirl_27

What I'm realizing, as usual in these types of situations, is that it actually takes very little to make me happy in life. Hot showers are an unbelievable luxury. Hope those don't go away. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5025014/ I haven't taken a hot shower in years; a combination of ...

BrownEyedGirl_27

My 3.875% mortgage had a balance of $101,000 on 01 Jan 18. My wife and I began to attack the mortgage very aggressively to the tune of $4K a month. Then we would also hit it with lump sum payments of $10K during bonus time. I must admit that on several occasions I wondered if we should be investing...

BrownEyedGirl_27

Between now and mid-July various events may happen. You or your family members may become ill, and you would be taking care of other priorities. You may need to evacuate for whatever reasons. The life may return to relative normalcy and you'll want to take a highly discounted trip in July. Think in...

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