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Knyteguy posted:Yea a long commute just isn't something I think I could do. A long commute for me is over 15 minutes. Seattle is probably the most dog friendly place on the planet.
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Dec 19, 2014 21:55
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Rurutia posted:Seattle is probably the most dog friendly place on the planet.
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Dec 19, 2014 22:16
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Moving is full of issues - especially since you have family where you live. Having family close by (if you can stand them) is such a huge thing when you have kids you shouldn't underestimate the value of it. Even contemplating moving at this time would be totally silly. You've got two very clear options right now. Ask for a real raise - when was the last time you got a 10% bump? In addition, go knocking on doors of other shops in the area, and consider the option of working from home/remotely. Relocating would be a terrible idea at this point.
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Dec 19, 2014 22:37
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n8r posted:Moving is full of issues - especially since you have family where you live. Having family close by (if you can stand them) is such a huge thing when you have kids you shouldn't underestimate the value of it. Even contemplating moving at this time would be totally silly. You've got two very clear options right now. Ask for a real raise - when was the last time you got a 10% bump? In addition, go knocking on doors of other shops in the area, and consider the option of working from home/remotely. Relocating would be a terrible idea at this point. Yea... good point. Perhaps a few years down the road. One of the main reasons we moved from that apartment to where we are now was to be even closer to family. I'll go get a whiteboard and pick up that Cracking the Coding Interview book tonight. I've seen a whiteboard at Staples for under $10 and the book is free to download. A remote only job would be great.
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Dec 19, 2014 22:48
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Knyteguy posted:My pretax is I think $63,000 (and some unknown hundreds) What does a software dev in Reno normally make, anyways? 70-75k sounds really low for a new grad, let alone an experienced person, even in Reno. Moving away will be really stressful AND bad for your commute though. (My commute is great and really short -- which means it's about half an hour. Have you considered working remotely?) Colin Mockery fucked around with this message at 00:03 on Dec 20, 2014 |
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Dec 19, 2014 23:54
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Horking Delight posted:What does a software dev in Reno normally make, anyways? 70-75k sounds really low for a new grad, let alone an experienced person, even in Reno. KG's market is a bit different than mine, it's hard to say exactly, but my gut feeling is he ought to be around 75k with better insurance included in that. Probably a high deductible plan with dental and vision, or something roughly similar. Generally it seems you've got to be in at least a medium sized company (1000+ employees) to start getting the better health packages. n8r posted:A 3% raise that KG thinks he might get is borderline offensive if an employee is performing well. My Rhythmic Crotch fucked around with this message at 00:23 on Dec 20, 2014 |
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Dec 20, 2014 00:20
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My Rhythmic Crotch posted:Yeah 75k is low if you are coming out of an Ivy league school with a comp sci degree. The data that I saw for Reno was all over the place, anywhere from 50-75k for a 'regular' developer (not senior in other words). My boss has been open in saying that if I get an offer higher than what I'm making, bring it to him and they'll try to match it. My work situation is pretty weird, in that I contract for a company out of Texas 95% of the time, but they have a deal with my boss to only pay my salary, basically. It's almost like I'm an employee for them, but not quite since I'll do side projects every now and then. I do have the option to go work for them if I want to also. I have a rapport with them of course as I fly down there once or twice a year, so it would give me an option to negotiate salary. They pull in tens of millions of dollars in revenue (their top sales guys make $300,000 a year), so maybe it would be worth it to try to follow that lead first? Regarding the rest of your post: I was thinking that was high, but perhaps I'm wrong. I'm skeptical there are many companies in this area that could pay that. Maybe I'll try some casinos, as they usually need web developers. I figure if I go for an interview though I'm going to shoot for $100,000 and see what I can come up with. And if they can't provide I guess in the $70-$75,000 range, then perhaps I could fight for a boat load of vacation. Horking: Oh yes I would absolutely consider a remote position. That's my ideal job. I'd try to take advantage of that by moving to the lowest cost of living place I could think of to save up money. I interviewed for one company a few years back, and they had a developer who ended up moving to I think it was Peru. He just worked remotely full time. That would be amazing. Thanks for all the career help guys.
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Dec 20, 2014 01:34
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Dude. You're claiming Married 3 deductions? You're going to owe a poo poo load of taxes. Between my wife and myself we make slightly more than your family ~($110k combined) and we were both Married 1 last year and ended up owing $1000. So basically you're "saving" money, but giving yourself a tax burden next April. Smart.
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Dec 20, 2014 02:02
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Bugamol posted:Dude. You're claiming Married 3 deductions? You're going to owe a poo poo load of taxes. Between my wife and myself we make slightly more than your family ~($110k combined) and we were both Married 1 last year and ended up owing $1000. So basically you're "saving" money, but giving yourself a tax burden next April. Smart. I started in the middle of 2013, when it made sense to have 3 deductions so I wasn't getting taxed a full year's worth of income; the irs calc advised it even. I just didn't change it for 2014. I'm not trying to game the system I just haven't had a good opportunity to print a w2 when I remember I need to. No printer at home our printer network at work sucks. Not making excuses I just keep forgetting it when I do have a chance to print. Again with the motivation assumptions. I never said I'm doing it for bigger paychecks. Does yours include state liability as well? $20k is a lot of income difference though that's almost another of my wife's incomes. I will do the irs calc tonight or I guess tomorrow at the latest. TGIF. Boss just gave me next Friday off paid unexpectedly. Woohoo!
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Dec 20, 2014 02:42
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Knyteguy posted:My boss has been open in saying that if I get an offer higher than what I'm making, bring it to him and they'll try to match it. My work situation is pretty weird, in that I contract for a company out of Texas 95% of the time, but they have a deal with my boss to only pay my salary, basically. It's almost like I'm an employee for them, but not quite since I'll do side projects every now and then. I do have the option to go work for them if I want to also. I have a rapport with them of course as I fly down there once or twice a year, so it would give me an option to negotiate salary. They pull in tens of millions of dollars in revenue (their top sales guys make $300,000 a year), so maybe it would be worth it to try to follow that lead first? This doesn't make much sense one bit, I'm sure your boss is taking a rather decent cut of the money that company sends his way. In addition the 'bring me an offer and let me match it' is a seriously bullshit way of justifying not paying someone their market value. Maybe your boss is a really cool dude, and I know there are some advantages in working for a small business, but it doesn't seem like it's doing you much good at the moment. If this company would want to hire you, chances are a multi-million dollar company will offer far benefits. I'm finding this entire job thing really confusing - can you outline the structure of the company (it's just you and other dude?) and what your day to day work looks like. Your boss seems oddly indifferent to you working for him, which I find odd if you're performing rather hard to find/expensive skills.
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Dec 20, 2014 02:55
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Knyteguy posted:I started in the middle of 2013, when it made sense to have 3 deductions so I wasn't getting taxed a full year's worth of income; the irs calc advised it even. I just didn't change it for 2014. I'm not trying to game the system I just haven't had a good opportunity to print a w2 when I remember I need to. No printer at home our printer network at work sucks. Not making excuses I just keep forgetting it when I do have a chance to print. Two things. First off if you're a good employee it is in your bosses best interest to convince you to stick around. Everyone wants to think they've got the one boss whose got their best interests in mind, and hell maybe you do, but he's most likely looking out for himself. I'm not saying he's actively loving you over or anything. Secondly I would expect your tax liability to be $7,000-$10,000. It's late enough in the year you should be able to grab your and your wife's latest pay stubs to see where you stand. If they add up to less than $5,000 I'd be pretty concerned.
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Dec 20, 2014 04:30
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n8r posted:This doesn't make much sense one bit, I'm sure your boss is taking a rather decent cut of the money that company sends his way. In addition the 'bring me an offer and let me match it' is a seriously bullshit way of justifying not paying someone their market value. Maybe your boss is a really cool dude, and I know there are some advantages in working for a small business, but it doesn't seem like it's doing you much good at the moment. He's not making anything anymore off me. He just gets to keep me in the office if he wants to pay me for a couple hours work, and he's hoping to launch our product this coming 2015 meaning he'll take me back on instead of the contract company. He told me that the other company's benefits aren't very good, with actually roughly the same insurance we have. He's definitely not indifferent. He's doing everything he can to keep me on, and it practically bankrupted him to do so. Bugamol posted:Two things. I am pretty concerned, and I've been pretty concerned for awhile now about the tax burden. I know my boss has his own best interests in mind, as do I. I'm not naive. He's still a good boss however, but if I get a job offer of $10,000 more I'll leave if he can't match it, obviously. We only have a few month's worth of my wife's paystubs since she worked at another company for 6 months out of the year, and she can't find a 2014 pay stub. We're a little over $5,000 withholding at the moment without her other pay stubs however. And she made $2/hr less before. Looks like we'll owe about $3,000-$3,500. Get to pay the tax man in April it seems. I'm going to change my withholding next week if I can find a way to print a W2. Peace out thread I'll see you on Monday. I need to start playing stuff safer. Knyteguy fucked around with this message at 06:11 on Dec 20, 2014 |
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Dec 20, 2014 06:04
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I don't blame you for taking a weekend break from the beatings in here. I think the 'tough love' thing BFC often does isn't exactly healthy. OTOH, sometimes people don't listen.... I am calculating about ~$9150 due with you grossing 67k, wife grossing 26k, and putting 5,600 into the HSA. My friend did the same thing as you but in 2012. Got a job that paid 80k and wife made ~30k (so he claimed, I think it would be more like 15-20k with how often she was off work due to 'being sick' [loving around? she has a history!], but whatever) and didn't change elections. No big deal in 2012 because he didn't have the job long. 2013, he got screwed. Enough so he paid a CPA to do his taxes vs do it via TurboTax. And guess what, the CPA just charged him and didn't save him a penny, because he had a super super simple tax situation! MFJ, 3 jobs, no special deductions. I am really shocked you didn't adjust your W4 a while ago. Damnit KG! Literally all of your savings is going to go to the IRS now.
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Dec 20, 2014 06:30
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Knyteguy posted:Not making excuses Seriously, this thread should be renamed "Kynteguy: I'm not making excuses, but....." because this has to be the single most common phrase from you in the thread. You are making excuses every time you say it, and while you won't openly admit it, your using those excuses to justify whatever it is.
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Dec 20, 2014 06:33
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Knyteguy posted:I'm not trying to game the system I just haven't had a good opportunity to print a w2 when I remember I need to. No printer at home our printer network at work sucks. I know you've already taken another beating today. But this is the kind of poo poo that scares me knowing your future. I'm not trying to beat a dead loving horse here, but what the gently caress man. You couldn't find the time all year to print, sign and turn in a single piece of paper? But once you have a baby you're suddenly going to be motivated to get all the poo poo done you'll need to be getting done. I love you knyteguy, but Jesus man. Immediate next steps: Fix your tax deductions. Figure out how much money you should be making. Budget to pay off the probable $3,500 liability due by April and submit a modified budget. EDIT: To clarify. Your current budget is both overstating your actual income and ignoring a known debt.
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Dec 20, 2014 06:41
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If KG is paid monthly: 67k = 5,583/mo Less FICA = -427 Less Tax @ 3 withholdings = -656.25 Net takehome = 4500 This would mean he has withheld $7872 and is fine. If paid bi-weekly: 67k/26 = 2,577/2wks Less FICA = -197 Less Tax @ 3 withholdings = -259 Takehome $2,121, times two (so 24 of 26 checks) equals $4,242 which is pretty close to what KG said he makes, 4,300/mo. Proper way to get monthly from biweekly is Figure*26/12, which is $4,595/mo. If this is the case, and I refuse to look at the rest of the posts to discover it, that means there will be a spare paycheck in January. This biweekly pay (regardless of computation method for "monthly income") means he has 6,734 withheld, and maybe OK depending on wife's withholdings, but probably low. E: VVV Yeah, we need his actual numbers. SiGmA_X fucked around with this message at 08:08 on Dec 20, 2014 |
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Dec 20, 2014 06:56
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SiGmA_X posted:Arbitrary tax calculations. He already said him and his wife combined only have about $5,000 withheld at this but he's missing some dollar value from his wife's old job. I'm not sure if this $5,000 includes an estimate of his wife's previous job or not. It was some what unclear. So he likely owes $1,000-$4,000 depending on how everything really falls. There's pretty much 0 chance he's fine if he's been claiming 3 deductions all year. Not sure if his wife's been doing the same or what she's been having withheld, but that obviously affects the situation as well. Albeit to a lesser degree. EDIT: Rereading he said without his wife's other paystubs. So that will help. Bugamol fucked around with this message at 07:29 on Dec 20, 2014 |
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Dec 20, 2014 07:27
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The good thing - if nothing else is KG has managed to build up at least a bit of a safety net, which this situation shows you just how critical they are. I could totally see loving up in this fashion (except I would have never hosed with reducing my deductions but that's beside the point). In the grand scheme of amounts of money, this isn't a terribly big deal. If KG keeps his head down on his spending and tries to continue to limit his monthly fixed costs this will not be a big deal.
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Dec 20, 2014 09:07
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Hey guys I calculated that estimate with the TurboTax estimator, so it should be pretty close instead of everyone having to do deduction math and stuff. The only caveat may be that I paid quite a bit of insurance for the first 7 months of the year; will that affect anything? My wife's first job had terrible deductions. I don't know what it was, but her bosses help her set it up. Not much. Anywhere here's actual numbers for my pay at least: pre:Federal Income Tax 4660.71 Social Security 3560.10 Medicare 832.60 SUMMARY YTD Total Pay 61150.04 Deductions 3729.04 Taxes 9053.41 Net This Check: $2,167.09 Edit: Deductions is our previous insurance. Knyteguy fucked around with this message at 18:17 on Dec 22, 2014 |
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Dec 22, 2014 18:12
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Yeah you are going to owe like $3000 in federal tax, along with some possible penalties for not withholding enough. Next year, once you have a baby, your tax burden will be about $1600 less. Up to an extra $600 less if you have a bunch of daycare expenses.
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Dec 22, 2014 18:35
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n8r posted:The good thing - if nothing else is KG has managed to build up at least a bit of a safety net, which this situation shows you just how critical they are. I could totally see loving up in this fashion (except I would have never hosed with reducing my deductions but that's beside the point). Hey this was a good post thanks. The tax news put me in a decent slump, since as Sigma said pretty much all of our savings from the past year (up to this point) is already spent. My wife and I are formulating a plan to get her more involved in the whole process. We'll be coming up with a January budget to include both my reduced pay due to a deduction adjustment, and our savings for the upcoming tax bill. We'll post it shortly. She may take over posting the budget in the thread just to get her more involved (she wants to). What I was thinking was we could approach it so we save what the baby and health insurance will cost as posted in the scenarios as categories in YNAB, on top of just saving her entire income, and also our savings goals. So basically come January 1 we'll start playing scenario 4, with perhaps a couple changes we may run into while drawing it up for real. Scenario 4 budget reference: http://forums.somethingawful.com/showthread.php?threadid=3586966&userid=0&perpage=40&pagenumber=51#post439169549 We probably should have done this starting last August, but here we are anyway. At least there won't be shell shock financially when the baby is born. Droo posted:Yeah you are going to owe like $3000 in federal tax, along with some possible penalties for not withholding enough. Should we just both claim 0 deductions to play it safe in 2015? At least until we have a better grip on the rest of our finances including a fully funded emergency fund, as well as some debt paid off? Something else assuming my wife doesn't go back to work? (Open question to everyone) I feel like I learned something from my tax mistake here. Fun "bad with money" story. My uncle once claimed 9 deductions on his taxes. I think he was claiming cats and dogs, as he only had 3 kids and his wife worked. Pretty sure the IRS got him pretty good for that.
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Dec 22, 2014 18:53
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Knyteguy posted:Should we just both claim 0 deductions to play it safe in 2015? At least until we have a better grip on the rest of our finances including a fully funded emergency fund, as well as some debt paid off? Something else assuming my wife doesn't go back to work? (Open question to everyone) It couldn't hurt to claim 0 deductions. The "worst case" is that you end up getting a couple thousand dollars back as a refund when you file your taxes, which I don't really think is a bad thing but a lot of people will argue that you are giving the government a free loan.
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Dec 22, 2014 19:05
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Knyteguy posted:Should we just both claim 0 deductions to play it safe in 2015? At least until we have a better grip on the rest of our finances including a fully funded emergency fund, as well as some debt paid off? Something else assuming my wife doesn't go back to work? (Open question to everyone) My wife and I claim Married, Withhold at the higher single rate and 1. I think we're going to end up getting about $1500-$2000 back. You could put all your information into a tax estimator and try and tie it down closer to $0, but  . If nothing else, once you get your first paycheck for the new year (both of you) put your info into a tax calculator and multiply everything by 26 assuming you're paid biweekly. This should give you a reasonable estimate of where you'll land at the end of the year.
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Dec 22, 2014 19:49
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Knyteguy posted:Anywhere here's actual numbers for my pay at least: Our situations aren't that similar (the biggest of which is you're married and I'm not), so huge grain of salt here, but I make a similar amount of money and will have just over $7k federal tax withheld by the end of the year.
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Dec 22, 2014 19:53
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n8r posted:The good thing - if nothing else is KG has managed to build up at least a bit of a safety net, which this situation shows you just how critical they are. I could totally see loving up in this fashion (except I would have never hosed with reducing my deductions but that's beside the point). Yeah, this is pretty much a perfect example of "time to hit up the emergency fund". (I hosed up on my deductions the first year I started working -- my income was a lot lower because I had no income for the first part of the year, and then I forgot to fix it the year after. It's pretty easy to forget about.)
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Dec 22, 2014 21:27
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This thread has reminded me I have to change my withholding after my first paycheck of January. No more education credits for 2015, and more income - but far from enough income damnit!
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Dec 22, 2014 22:09
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Yes that's what I was thinking on a 0 deduction withholding as well - worst case scenario is some lost inflation, and it won't be enough to make much of a difference. Easy way to save, too. ^ Pretty much the same situation as you guys. When I claimed 3 I was getting an education tax credit, and came from no income at all in the middle of the year. Live and learn.
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Dec 22, 2014 22:21
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Knyteguy posted:Yes that's what I was thinking on a 0 deduction withholding as well - worst case scenario is some lost inflation, and it won't be enough to make much of a difference. Easy way to save, too. Correct me if I'm wrong, but didn't you owe taxes last year as well though? I mean if nothing else that should have been an immediate "well gently caress better change my exemptions", not letting it sit idle for literally 12 months. I could be wrong though it might have been someone else's thread.
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Dec 22, 2014 22:37
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Bugamol posted:Correct me if I'm wrong, but didn't you owe taxes last year as well though? I mean if nothing else that should have been an immediate "well gently caress better change my exemptions", not letting it sit idle for literally 12 months. I could be wrong though it might have been someone else's thread. No, we got a refund last year. Last year was with the education credit and such.
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Dec 22, 2014 22:44
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Knyteguy posted:No, we got a refund last year. Last year was with the education credit and such. That makes it a little bit better at least.
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Dec 22, 2014 23:17
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I'm working out the 2015 monthly budget. Budget is based off my wife staying home from work for all of 2015, and the baby needing prescription formula @ $300/mo. This is also adjusted to me having a 0 federal withholding rate, and then I adjusted income even lower (~$200/mo or $100/paycheck) to account for any possible 2015 tax changes these calculators I'm using may not account for. pre:Income Running Total (Income - Expenses) 4000 143 Expenses 1100 Rent 510 Fixed Baby Costs 500 Health Insurance 400 Groceries 150 Utilities 78 Car Ins 75 Fuel 20 Misc 40 Internet 20 Renters Insurance 50 Phone 10 Bike costs Discretionary 8 Netflix 75 Knyte Disc 75 KW Disc 50 Restaurants Debt 510 Car Pymnt 45 Student L1 41 Student L2 100 GMA Here is how baby costs were calculated:  I think we went high on most of the baby costs, but that's kind of the point. Insurance was priced off of 3 people on Marketplace.gov I think the elephant in the room is our back-tax bill. All of our excess money beyond the above budge will be going towards a tax savings fund. After we have that finished then we pad out savings goals as we can. If we can't do those things in a reasonable amount of time then we sacrifice more. There's still a lot fat to trim on this budget if we have to (netflix, probably gma, phone, groceries, discretionary, etc). Hopefully the baby is nice and healthy and well and we're simply being super safe with this budget. I think we're going to start socking away the health insurance and baby funds ($1,000/mo) now, to help ease the burden a little bit immediately after the baby is born. Need to talk it over with KWife though. The tax bill will get everything beyond that? I guess we just save what we can basically while keeping costs and spending to the budget above; the rest is just labels. e: Clarity. Knyteguy fucked around with this message at 22:54 on Dec 26, 2014 |
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Dec 26, 2014 22:47
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Holy poo poo that budget has zero savings whatsoever or any real payment of debt. This looks like a horrible idea.
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Dec 26, 2014 23:00
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It's been a while since I've re-read your posts but the thing that jumps out to me is that your car payment is the same cost as your fixed baby costs, plus you have bike expenditures? Remind me again what the car situation is and why that couldn't be reduced? Edit: Also, for the student loans if you have any forbearance time left I might consider using that for the first few months after the baby is born- even the extra $100/month there would probably really help.
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Dec 26, 2014 23:03
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Veskit posted:Holy poo poo that budget has zero savings whatsoever or any real payment of debt. This looks like a horrible idea. Wife staying at home? Also the hope would be that the baby isn't nearly as expensive, my wife picks up some sort of income, etc. We're just trying to budget for a perhaps improbably expensive scenario. Like we plan off of this, live off of this for awhile, and hopefully it means that we're just saving a lot more money, but if it comes down to it at least we're prepared for it. Then if the baby is healthy, and we're kind of used to the new expenses, my wife's work situation is figured out, maybe I find a new job or get a raise, then we can change the budget again to something that meets our actual situation. At least that's what I'm aiming for with this budget. IllegallySober posted:It's been a while since I've re-read your posts but the thing that jumps out to me is that your car payment is the same cost as your fixed baby costs, plus you have bike expenditures? Remind me again what the car situation is and why that couldn't be reduced? Car situation is we only have 1 car and I commute on a bike to work on the days I need to (and when the weather gets a little less lovely and it stops getting dark so early, then perhaps every day). My credit score has gone up about 40 points since May when we bought the car, so we may look into refinancing it to a lower interest rate in the next 6 months or so, but I don't think we should count on anything but $510/mo unfortunately (credit score is now ~608 on Credit Karma for reference). We're underwater so unfortunately we're not in a place to sell it, as much as I'd like to. Forbearance is definitely an option I think. My student loans aren't bleeding hundreds a month in interest like the car is for example. It's split something like $3000 @ 7% and $4400 @ 3.5% (estimations, I haven't looked in awhile).
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Dec 26, 2014 23:36
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Knyteguy posted:Wife staying at home? Also the hope would be that the baby isn't nearly as expensive, my wife picks up some sort of income, etc. We're just trying to budget for a perhaps improbably expensive scenario. Like we plan off of this, live off of this for awhile, and hopefully it means that we're just saving a lot more money, but if it comes down to it at least we're prepared for it. Then if the baby is healthy, and we're kind of used to the new expenses, my wife's work situation is figured out, maybe I find a new job or get a raise, then we can change the budget again to something that meets our actual situation. At least that's what I'm aiming for with this budget. You've already forgotten that work clothes and shoes wear out and will need to be replaced. Not to mention, your wife may not be able to wear her pre-baby clothes. You have five goddamn pets and no allowance for vet bills. You aren't putting anything back for car repairs. You're posting a ridiculously unlivable budget, so that in a couple of weeks, you can say "Oops! Blew the budget due to an entirely unforeseen situation!" and the thread will go "awwww, it's ok little buddy, we still think you're a terrific dude and really want you to succeed." And you'll go on to make another budget that makes no sense and you won't stick to it anyway, and the cycle will repeat again.
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Dec 26, 2014 23:50
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Problem is you didn't look at the budget and go immediately "well that won't work better scrap it" and instead went "well if everything goes right, then this budget will work". By now I hope it should have sank in your head that you should plan for the worst and hope for the best. The budget doesn't account for a lot of things (we can list them if you like), and thus it shouldn't even be considered a possibility. Like at all. At, loving, all. God drat dude stop saying the phrase "we're hoping that...." and instead say "we're planning that"
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Dec 27, 2014 00:02
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Knyteguy posted:My credit score has gone up about 40 points since May when we bought the car, so we may look into refinancing it to a lower interest rate in the next 6 months or so, but I don't think we should count on anything but $510/mo unfortunately (credit score is now ~608 on Credit Karma for reference). We're underwater so unfortunately we're not in a place to sell it, as much as I'd like to. I've pretty much read entire thread over past few days and while people thought it was a bad idea, you hadn't announced the baby then. If I got it wrong sorry, but timing seems about right. You would think you would've been trying to reduce expenses not increase them in preparation. To be frank, it appears the baby has ruined any chances of paying off debt quickly, and that there's no chance of you saving that 20k now unless you dramatically increase your income.
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Dec 27, 2014 00:17
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Devious_05 posted:Out of curiosity (sorry yes bringing up the past), what possessed you both to buy that car in May when you were already trying for a baby at the same time? FTFY
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Dec 27, 2014 00:29
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I think your budget proves that your wife quitting isn't an option. That's my opinion at least. Maybe making that budget was a wakeup call. As others have pointed out you've basically budgeted to live pay check to pay check for all of next year. Unless everything goes perfect at which point you'll be slightly ahead each month.
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Dec 27, 2014 01:45
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Bugamol posted:I think your budget proves that your wife quitting isn't an option. That's my opinion at least. Maybe making that budget was a wakeup call. As others have pointed out you've basically budgeted to live pay check to pay check for all of next year. Unless everything goes perfect at which point you'll be slightly ahead each month. Right. You understand what I was trying to do here. We're trying to explore the worst case scenario, one of which would be my wife staying to home on top of many other problems. I am literally planning for the worst, and hoping for the best. I thought I spelled that out pretty clearly in the post since I posted a ton of qualifiers with it. What I posted is a worst case scenario expense plan based off of my income, a baby who needs expensive formula, horrible tax increases ($400 / mo take home taken away), etc rather than a "budget" per se. I agree that I it probably means my wife has to go back to work, or find at least a part time job. That's why I asked that question about my wife working a couple posts up (http://forums.somethingawful.com/newreply.php?action=newreply&postid=439438084#post439434253); I was hoping I would be able to draw out some additional insight. Devious_05 posted:Out of curiosity (sorry yes bringing up the past), what possessed you both to buy that car in May when you were already trying for a baby at the same time? The 20k no longer has a time limit, so we're kind of putting that on the backburner to meet our other goals first. We just signed a 2 year rental lease so we're at this place for at least that long. I'm not certain buying a house is even in our plans for the next half a decade to also be frank, as the savings over renting at that point would just be min-maxing, and my career could absolutely take us to another area of the country. Edit: oh I missed the actual question here too - we were not planning on having a baby when we bought the car, and also our interest rate on our previous car was 17.99% APR, and we were unable to refinance and not for lack of trying. The new car is 10.99% so we are actually bleeding less interest per month than we previously were. Knyteguy fucked around with this message at 02:04 on Dec 27, 2014 |
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Dec 27, 2014 02:00
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