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100 HOGS AGREE posted:the payoff amount seemed to overestimate compared to my remaining balance so I think I might get a check for like two dollars in the mail in a couple months or something Totally worth it. Scan, email yourself, and then frame your payoff document. gently caress em.
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Mar 29, 2019 03:03
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Way too humble-brag for the BWM thread, but I recently figured out where I've been missing putting tax-advantaged money away  Until the USA unfucks its healthcare system, you may be eligible for an HSA and since you're GOING to have medical costs, you might as well sock away tax-free money. You'll never lose it even if you leave your job. That's your money, it just has to be spent on a true medical cost (i.e. can't just withdraw and go gambling or whatever dumb thing you want). My bank gives me 2.15% and you can put away up to $7000/family. My work puts in 5450 in quarterly deposits (a huge perk to work there) but I've just found out that I could've been putting in $1550 tax-free yearly. Thankfully, I realized my mistake on April 12 so I was able to snag 2018, but I feel really dumb because we actually drained the account this year (which for whatever reason starts on May 1st) and we pushed our son's (thankfully, minor) surgery back a couple weeks to get it out of the way for all medical costs for the year and get the next disbursement. Side rant: This poo poo shouldn't be this hard. The insurance guy they sent over was knowledgeable but certainly didn't make me feel better about our system. He said we *must* read every letter that comes in and match it up with a bill. Motherfucker, what do we pay you for if not to make this poo poo easy on us? I saved my family $2000 last year just by calling and verifying every single bill.
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Apr 24, 2019 03:53
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HSAs are even better than that. Once you turn 65, they become just like a Traditional IRA and you can withdraw to go gambling or whatever dumb thing you want. In addition to the tax-free withdrawals for qualified medical expenses. Plus there is no timeliness requirement on reimbursements of those medical expenses, so you can put the money in the HSA, let it grow tax free for decades, then withdraw the money for every medical expense you had since the account inception tax-free (save your receipts). Google "HSA super IRA"
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Apr 24, 2019 15:36
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After paying off my private student loan late last year, I’ve paid $5500 to my federal student loans in the past 3 months! Unfortunately I still have $69, 
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Apr 26, 2019 02:03
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Cacafuego posted:After paying off my private student loan late last year, I’ve paid $5500 to my federal student loans in the past 3 months! Congratulations! That's awesome!
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Apr 28, 2019 20:19
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SlapActionJackson posted:HSAs are even better than that. Once you turn 65, they become just like a Traditional IRA and you can withdraw to go gambling or whatever dumb thing you want. In addition to the tax-free withdrawals for qualified medical expenses. I've been maxing out my HSA, but *knock on wood* I haven't had very many medical receipts to save, and I'm not sure how best to save a random $20 copay receipt for 30+ years.
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Apr 28, 2019 20:35
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Residency Evil posted:I've been maxing out my HSA, but *knock on wood* I haven't had very many medical receipts to save, and I'm not sure how best to save a random $20 copay receipt for 30+ years.
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Apr 28, 2019 21:19
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My wife got her promised $20k raise now that she's off her probationary period so now we're both maxing out our 401(k) contributions for 2019! Also we paid off the last of her grad school student loans. April was a good month.
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Apr 29, 2019 01:20
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Hell yes!
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Apr 29, 2019 01:54
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overdesigned posted:My wife got her promised $20k raise now that she's off her probationary period so now we're both maxing out our 401(k) contributions for 2019! Also we paid off the last of her grad school student loans. April was a good month. Congratulations! That's so much in one month.
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Apr 29, 2019 02:52
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Residency Evil posted:I've been maxing out my HSA, but *knock on wood* I haven't had very many medical receipts to save, and I'm not sure how best to save a random $20 copay receipt for 30+ years. Scan/snapshot the receipt and note the date, scanned filename, brief description, and amount in a spreadsheet. The spreadsheet is the summary you use to claim the money in 30 years and the receipt scans are just in case the IRS audits you. Now you just have digital data you need to preserve for 30 years, so it can piggy back on whatever sane backup strategy you use for the rest of your data. It's not a trivial problem to solve, but it's manageable.
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Apr 29, 2019 03:12
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SlapActionJackson posted:Scan/snapshot the receipt and note the date, scanned filename, brief description, and amount in a spreadsheet. The spreadsheet is the summary you use to claim the money in 30 years and the receipt scans are just in case the IRS audits you. Google drive has a "scan" feature too on your phone which makes it really easy to scan flat things into small files. That plus a Google sheet should be everything you need.
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Apr 29, 2019 03:24
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H110Hawk posted:Google drive has a "scan" feature too on your phone which makes it really easy to scan flat things into small files. That plus a Google sheet should be everything you need. Only on Android, sadly. It's one of the few things Google locks only to Androids. I still scan things into Google Photos for posterity but they're not converted to text or searchable very well. It's a really nice system though, I can pretty much discard any important documents that I don't need the original of once I plop it into Photos.
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Apr 29, 2019 16:11
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I don’t make enough money yet
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Apr 30, 2019 08:26
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Bonus Month Budget Net pay after state and federal taxes, maximum 403(b) contributions for myself and spouse, insurance and other bennies and pre-tax childcare spending is going to be called 100%. Expenses Recurring Major Expenses Student Loans: 13.2% Car Payments: 8.7% House PITI: 5.3% Tuition and Childcare: 3.3% Variable Monthly Expenses Utilities and Household Maintenance: 1.6% Quality of Life Expenses Housekeeper: 5.1% Groceries and Restaurants: 4.8% Vehicle Operations: 1.8% Entertainment and Communications: 1.9% Self-Care, Consumables, Family and Children Activities: 4.8% After Tax Savings 529 Accounts 3.5% After Tax Retirement Savings: 45.9% Hell of a month. EAT FASTER!!!!!! fucked around with this message at 16:39 on Apr 30, 2019 |
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Apr 30, 2019 16:36
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Nice job. Have to laugh a little at your car payments taking more budget than your mortgage though.
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Apr 30, 2019 16:40
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spwrozek posted:Nice job. We have a real weakness for autos! Every time we've needed to change cars around I doggedly resolve that I'm going to get a used Mazda CX-5 or something reasonable and every time we end up with these gorgeous luxury SUVs.
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Apr 30, 2019 16:55
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spwrozek posted:Nice job. To be fair EF has good taste in cars. Good expensive taste.
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May 1, 2019 16:20
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Something Offal posted:To be fair EF has good taste in cars. Good expensive taste. 
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May 1, 2019 16:26
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Broke six figures in my retirement accounts for the first time! Feels good man.
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May 1, 2019 20:06
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Nur_Neerg posted:Broke six figures in my retirement accounts for the first time! Feels good man. Fantastic work! I am officially jealous 
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May 1, 2019 21:08
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I recently received a 2% raise (got hired mid-last year and I'm at or near the top of my range and market value due to years of experience) and I put it to my 401k, which will max it out for the first time. My wife also bumped her 401k by 4% so she's now maxed out as well for the first time. We're also saving to max IRA contributions this year, but I believe we'll have to backdoor it (also for the first time). In addition to those savings, we're throwing ~$5,000/mo at my student loans, mortgage and her car, which will have everything paid off in less than 4 years when we'll be 43. Feels good, since I only was able to start saving about 5 years ago.
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May 3, 2019 20:11
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Cacafuego posted:I recently received a 2% raise (got hired mid-last year and I'm at or near the top of my range and market value due to years of experience) and I put it to my 401k, which will max it out for the first time. My wife also bumped her 401k by 4% so she's now maxed out as well for the first time. I'm jealous! I've never been able to max out a 401k, that's a big accomplishment.
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May 3, 2019 20:37
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I saved almost a thousand dollars this pay period (i.e. every two weeks)!
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May 23, 2019 22:43
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Love Stole the Day posted:I saved almost a thousand dollars this pay period (i.e. every two weeks)! that's impressive! what are you going to do with it?
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May 23, 2019 22:55
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Love Stole the Day posted:I saved almost a thousand dollars this pay period (i.e. every two weeks)! That's awesome! Slick table too. Do you have a Google doc template?
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May 24, 2019 00:07
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Finally opened and fully funded a Roth IRA for 2019 and just realized I'm now saving more each year, between my own retirement accounts and employer contributions, than I was making annually at my first two jobs out of college. Feels good!
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May 29, 2019 13:38
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It’s been a full year since I’ve carried a balance on a credit card! Been reading a lot of BWM stuff on here this week and I’m still pretty BWM in a lot of ways but I’m making progress and it feels good.
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Jul 2, 2019 14:23
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Still poor, saved a bit more in June than I did in May.
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Jul 2, 2019 18:33
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My TSP/401(k) balance hit six figures this month! It's arbitrary since it won't be touched for decades but it feels good.
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Jul 17, 2019 20:12
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overdesigned posted:My TSP/401(k) balance hit six figures this month! It's arbitrary since it won't be touched for decades but it feels good. Congrats!  still inching my own way to the six figgies club
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Jul 18, 2019 09:51
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The first hundred G is the hardest.
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Jul 18, 2019 18:14
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Well, I've just accepted a job offer that's: 1) a dream job 2) a 1.6x salary increase and a 2.1x total comp increase 3) in an awesome (though more expensive) city closer to family 4) bursting with awesome ancillary benefits that are going to save me a lot of money while I'm there I'm moving back to NYC but I'll be saving more than three times as much as when I left it and earning more than double. Once I crunched the numbers, I had no qualms coming back. Here's to living AND saving in NYC! 
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Jul 27, 2019 18:43
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Yeah man. How did the negotiations turn out? Did you take it out get more stuff?
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Jul 27, 2019 19:06
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spwrozek posted:Yeah man. How did the negotiations turn out? Did you take it out get more stuff? I did an update to one of the later posts. Probably should've just double posted so people got the notification. tl;dr no movement, still competitive and I accepted. Chaotic Flame posted:Asked for an 8% bump in total comp and we have a call set for later today to discuss. Thanks for all the input goons! Hopefully I'll have something to enter into the spreadsheet soon. Is that still a thing?
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Jul 27, 2019 19:58
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Sounds like you did really good. Congrats!
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Jul 27, 2019 20:03
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Chaotic Flame posted:Well, I've just accepted a job offer that's: Did you mean +60% pay (0.6x increase, or 160% of baseline), or did you mean +160% pay (1.6x increase, or 260% of baseline)? Either one is drat impressive, but precision of terminology is very important here and people say the wrong thing all the time.
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Jul 28, 2019 12:35
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SpelledBackwards posted:Did you mean +60% pay (0.6x increase, or 160% of baseline), or did you mean +160% pay (1.6x increase, or 260% of baseline)? Either one is drat impressive, but precision of terminology is very important here and people say the wrong thing all the time. Fair. The former, 60% increase in pay, 110% increase in total comp.
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Jul 28, 2019 17:41
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Well, it's been a tough couple years (I almost went bankrupt at the start of 2018), but I finally paid off all my regular loans and have 3 months of living expenses saved in an emergency fund. Got headhunted for and am doing an interview for a new role which will boost my salary by 20-60% and could lead to a much bigger growth over the next few years. Finally, completed a freelance project which I have credit on and IP involved in and which may become a much bigger business opportunity within a year. Just going to chill for a bit and figure out what to do with my newfound ability to invest in stuff.
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Jul 30, 2019 17:50
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Purple Prince posted:Well, it's been a tough couple years (I almost went bankrupt at the start of 2018), but I finally paid off all my regular loans and have 3 months of living expenses saved in an emergency fund. Congratulations. That's a huge turn around.
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Jul 30, 2019 17:56
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