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Knyteguy
Jul 6, 2005

YES to love
NO to shirts


Toilet Rascal

Harry Potter on Ice posted:

As much I see you wanting to grow and fix your issues you're fighting it so loving hard for god knows what reason.

Sell your drums and dirt bike this weekend, fool.

Here let me put it this way - I'll donate them to a charity or a needy school before I take $300 for them. I'd rather do that. But I was thinking about taking them to Guitar Center for a quote, at least.

Dirt bike I'm going to see what I can do.

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Harry Potter on Ice
Nov 4, 2006


IF IM NOT BITCHING ABOUT HOW SHITTY MY LIFE IS, REPORT ME FOR MY ACCOUNT HAS BEEN HIJACKED

Knyteguy posted:

Here let me put it this way - I'll donate them to a charity or a needy school before I take $300 for them. I'd rather do that.

Dirt bike I'm going to see what I can do.

You have a lot of disposable income

Knyteguy
Jul 6, 2005

YES to love
NO to shirts


Toilet Rascal

Harry Potter on Ice posted:

You have a lot of disposable income

I added this: But I was thinking about taking them to Guitar Center for a quote, at least.

Look it's 6:00am and I'm still waking up. I'll sell the loving drums to Guitar Center, but it's frustrating when I worked so hard for those drat things in particular. Sunk cost or whatever I guess.

Harry Potter on Ice
Nov 4, 2006


IF IM NOT BITCHING ABOUT HOW SHITTY MY LIFE IS, REPORT ME FOR MY ACCOUNT HAS BEEN HIJACKED

Knyteguy posted:

I added this: But I was thinking about taking them to Guitar Center for a quote, at least.

Look it's 6:00am and I'm still waking up. I'll sell the loving drums to Guitar Center, but it's frustrating when I worked so hard for those drat things in particular. Sunk cost or whatever I guess.

Pretend some dumbass rube just gave you a dirt bike and drum set to sell THIS WEEKEND and you get 100% of the proceeds if you get it done by SUNDAY!! What a loving sucker dude! Free money! You got this right?! I bet you can hustle some scratch for it in 72 hours. You're on TV!

BloodBag
Sep 20, 2008

WITNESS ME!



I was throwing out a number. I don't know what drums are worth, and the set you posted are $1000. GC is a known low baller. I sold a $1000 made in Japan Ibanez RG 7 string for like $400 there just because I wanted it gone. It's like dealer vs. private selling a car. Dealers will take your poo poo and gently caress you on price, but there's far less hassle dealing with flakey jerks. Musical instruments are a bitch to sell because artists tend to be flakes in a lot of cases.

Drum set! Over $5000 invested, no lowballers I know what I got, in tune when stored (need new heads, $20 fix)

LeafHouse
Apr 22, 2008

That's what you get for not hailing to the chimp!



KnyteGuy isn’t in a position to be giving up value for convenience which is what he’d be doing if he sells to Guitar Center. I’d rather see him commit to listing them on Craigslist and Facebook this weekend and seeing what offers he can get. Selling to Guitar Center will get him the lowest price and he can do that at any time. He doesn’t desperately need the money this second and the extra cash from selling privately will go a long way.

Harry Potter on Ice posted:

Pretend some dumbass rube just gave you a dirt bike and drum set to sell THIS WEEKEND and you get 100% of the proceeds if you get it done by SUNDAY!! What a loving sucker dude! Free money! You got this right?! I bet you can hustle some scratch for it in 72 hours. You're on TV!

This is such a stupid analogy. Yeah sure, if the choice is between $0 or the $300 GC would pay it makes sense to sell to GC. Fortunately, his drum kit is not rigged to explode at midnight on Sunday so he has the luxury of shopping for the best price. His high interest debt means an extra $200 on the sale is really $250 so it’s even more important for him to squeeze out max value.

LeafHouse fucked around with this message at 14:47 on Jul 26, 2019

Duckman2008
Jan 6, 2010

TFW you see Flyers goaltending.
Grimey Drawer

Knyteguy posted:

I added this: But I was thinking about taking them to Guitar Center for a quote, at least.

Look it's 6:00am and I'm still waking up. I'll sell the loving drums to Guitar Center, but it's frustrating when I worked so hard for those drat things in particular. Sunk cost or whatever I guess.

Put it on Craigslist, I agree it’s not worth selling to Guitar center.

Food for thought: what’s the point of a drum set sitting in a non air conditioned storage facility, garage or wherever? It’s just going to make the drums warp.

My opinion , it looks like you use a 4, maybe 5 piece set. As I’m sure you know, drums have a huge price range. Unless you’re playing professionally (or I would even give gigging a few times a month or something) anything over $600-700 for a set is too much. You can get a decent kit for $400-700, and that’s new. Anything under $400 is going to suck, but yeah, if you can sell high ok whatever this drum set is, you can get a better one later.

I have a Pearl Rhythm traveler, not the best sound, but super portable , cheap, and it came with an extra set of vinyl heads so you can play in an apartment. Still not “the same feel” as balls to the walls drum set, but it’s better than soundproofing an entire room.

Moneyball
Jul 11, 2005

It's a problem you think we need to explain ourselves.

KYOON GRIFFEY JR posted:

I will toxx that kg still owns that fuckin dirt bike on sept 1

Harry Potter on Ice
Nov 4, 2006


IF IM NOT BITCHING ABOUT HOW SHITTY MY LIFE IS, REPORT ME FOR MY ACCOUNT HAS BEEN HIJACKED

LeafHouse posted:

This is such a stupid analogy. Yeah sure, if the choice is between $0 or the $300 GC would pay it makes sense to sell to GC. Fortunately, his drum kit is not rigged to explode at midnight on Sunday so he has the luxury of shopping for the best price. His high interest debt means an extra $200 on the sale is really $250 so it’s even more important for him to squeeze out max value.

Why are you gaighting someone with spending addiction and hoarding issues. It's not about the $

Knyteguy
Jul 6, 2005

YES to love
NO to shirts


Toilet Rascal
Here's what I would like to do:
- Finish the move. We're 7 days from today from starting that, and it's going to take us a day. We're bringing our new furniture, beds and bedding, needed kitchen/bathroom stuff, and a couple art pieces/electronics. We're minimizing stuff we bring with us. Again the RV showed me how little we need.
- List the drums for $1,200 on Craigslist (I figure I would get talked down $200), $1,500 + shipping on eBay, and maybe try Bloodbag's Chicago place (never heard of it). Each week bring the price down $100.
- This weekend take a look at the dirt bike. Drain and replace the fuel, replace the spark plug, do an oil change, get a new air filter. We're talking probably $40-$60 here. If that gets it running I can probably sell it in the next week or two for at least $1,000 but I'd start at $1,750. I sold my last bike in a day for reference. If I'm not getting any bites, I know I can get rid of this nearly any day for like $500. People will eat that poo poo up around here. Frankly I need to move!! first so I can find the title; it's in one of our boxes.

That's the only reason I'm fighting this; I feel like we could turn this stuff into a very big debt payment. If we were talking a payday loan situation here I'd be 100% on board with getting what we could, but what's the hurry? I feel like if we take this selling stuff on pragmatically and not like we're going to die from lack of food tomorrow then we can get a lot more money for everything. I can inventory and sell everything else as well, which there is lots to sell of value.

Harry Potter on Ice posted:

Why are you gaighting someone with spending addiction and hoarding issues. It's not about the $

My last thread I made like $1,000 selling odds and ends in a few weeks. Just saying. We minimized a three bedroom house with like 12 spaces of garage to a 5x10 storage unit - I don't feel like I hoard stuff I like throwing stuff away actually.

But whatever I'll let the argument play out. Just tell me what to do thread.

Knyteguy fucked around with this message at 15:07 on Jul 26, 2019

Nocheez
Sep 5, 2000

Can you spare a little cheddar?
Nap Ghost

Knyteguy posted:

Here's what I would like to do:
-insert plan here
Just tell me what to do thread.

Your plan is fine, just put some dates on it to make it firm. This is low hanging fruit, pick it while it's still ripe.

My Rhythmic Crotch
Jan 13, 2011

Knyteguy posted:

what's the hurry?

People are looking at your history and believe that if you don't get it done now, while the gettin's good, it's probably never going to happen.

It's also very meta in BFC that once people discover there's a sacrifice that can be made, they want to see you do it asap.

So either A) never bring up things you're not willing to do or B) get it done, son.

Knyteguy posted:

Just tell me what to do thread.

Tune the bike up this weekend, and sell both the bike and the drums, plow the money into loan principle, feel good about yourself.

Dwight Eisenhower
Jan 24, 2006

Indeed, I think that people want peace so much that one of these days governments had better get out of the way and let them have it.
I disagree that taking them to Guitar Center and getting a poo poo price for them is necessarily a bad idea.

KG's motivation to liquidate stuff is poor and liquidating it for more than GC will give is gonna cost more time and energy. It's substantially likely that instead of doing the work to sell the stuff, it doesn't get sold before he gets out of debt. (And doesn't get sold full stop).

Consequently that $300 bucks of ripoff cash that could be applied to debts not being available is directly incurring interest at the worst interest rates on debts on the paydown plan. Going off dates from KG's apartment / rv comparison, his debt paydown dates on his plan are:

RV paid off Feb 2020
Truck paid off August 2020
Student Loans & Credit Cards paid off November 2020

The interest rates on these debts are:
RV: 17.75%
Truck: 5.62%
Other: 6.55% listed max. Credit card debts are probably closer to 11 or 12%?

$300 borrowed at 17.75% from here to February cost $31.06
$300 borrowed at 5.62% from Feb to August cost $7.025
$300 borrowed at (let's say 10.5% for credit cards) from August to November costs $7.875.

So, if KG can liquidate today and put the drum set money directly to his debts today at $300, he's financially ahead of dawdling and not getting it sold until next November at $345.96.

If he can get more private party, more is better, but holding onto this poo poo he doesn't need with the debt costs and doing the math on how much that debt costs clarifies how it's beneficial to take it to a dealer and get low balled instead of holding onto it the whole time. The question marks are how much he'd get for the low ball offer from a dealer, and how much he could actually get private party, but after you get the lowball offer it's easy enough to do the math, list it for a week at the breakeven price, and if it doesn't sell, take the lowball offer.

edit: I wrote this concurrently with KG's idea of listing and dropping prices $100 / week. That's a good plan too! I'm not invested in these being sold at ripoff prices at a dealer. I am invested in them actually being sold and the cash being put toward debts.

Dwight Eisenhower fucked around with this message at 15:34 on Jul 26, 2019

Knyteguy
Jul 6, 2005

YES to love
NO to shirts


Toilet Rascal
Selling stuff plan
1) Finish the move. We're 5-7 days from today from starting that, and it's going to take us 6-8 hours. We're bringing our new furniture, beds and bedding, needed kitchen/bathroom stuff, and a couple art pieces/electronics. We're minimizing stuff we bring with us. Again the RV showed me how little we need.
2) This weekend (tomorrow at 1:00pm since we have morning plans) take a look at the dirt bike. Drain and replace the fuel, replace the spark plug, do an oil change, get a new air filter. We're talking probably $40-$60 here. If that gets it running I can probably sell it in the next week or two for at least $1,000 but I'd start at $1,750. I sold my last bike in a day for reference. If I'm not getting any bites, I know I can get rid of this nearly any day for like $500. People will eat that poo poo up around here. Frankly I need to move!! first so I can find the title; it's in one of our boxes.
3) Next Sunday the 4th list the drums for $1,200 on Craigslist/Facebook Marketplace (I figure I would get talked down $200), $1,500 + shipping on eBay, and try Bloodbag's Chicago place (never heard of it). Each week bring the price down $100.
3a) Next Sunday the 4th Inventory what else I have, list some stuff on SA Marketplace (I've had success in the past), and Craigslist/Facebook marketplace/wherever else. Get everything listed by August 8th. Put stuff listed in box in apt (my wife hates boxes she'll help me :v:)
4) If any of the above is left by August 18th, sell it to Guitar Center/local music store, and local Yamaha place.
5) If that isn't working (which, what?) by August 27th list for whatever the last price on Craigslist was on the 18th and bring the price down $100-$150/day.
6) Donate it (Drums and Dirt bike) August 30th if somehow I still have this I think I'm probably paying people to take it at this point.
7) Apply any additional money made towards debt, follow plan for the emergency fund.

I'll keep the thread posted wrt the progress on that.

My Rhythmic Crotch posted:

People are looking at your history and believe that if you don't get it done now, while the gettin's good, it's probably never going to happen.

It's also very meta in BFC that once people discover there's a sacrifice that can be made, they want to see you do it asap.

So either A) never bring up things you're not willing to do or B) get it done, son.

I'm definitely careful about posting anything. This is miranda rights territory, 'anything you say can and will be used against you'.

Dwight Eisenhower posted:

RV: 17.75%
Truck: 5.62%
Other: 6.55% listed max. Credit card debts are probably closer to 11 or 12%?

No CC debts (6.55% is the un-subsidized student loan). I have all of my cards set to autopay the total balance, and I paid them off even before the statement somewhere in the first few pages.

Thanks for doing the math on the $300 I was wondering.



Additional notes: I just realized that I think August is a 3 paycheck month for my wife, so without including selling anything we're about $1,000 ahead of schedule in August. A happy mistake. To debt, or to the emergency fund?

e: messed up the dates a bit in the selling plan.

Knyteguy fucked around with this message at 16:28 on Jul 26, 2019

Nocheez
Sep 5, 2000

Can you spare a little cheddar?
Nap Ghost
That plan looks good to me, is measurable and has some built-in mechanics to roll with the punches. Just stick to it and you'll knock out 5% of your debt with less than 10 hours of work. That's a damned good trade-off!

Knyteguy
Jul 6, 2005

YES to love
NO to shirts


Toilet Rascal

Duckman2008 posted:

I have a Pearl Rhythm traveler, not the best sound, but super portable , cheap, and it came with an extra set of vinyl heads so you can play in an apartment. Still not “the same feel” as balls to the walls drum set, but it’s better than soundproofing an entire room.

I bought my expensive drums back in my early 20s, debt-free, making good money for my age ($4/hr pension even), no family obligations etc. It was an unnecessary splurge that I wouldn't do again. I haven't kept up to date by any means on models or whatever, but these are very cool I've never heard of them. Mostly wanted to say that those are neat.

Nocheez posted:

That plan looks good to me, is measurable and has some built-in mechanics to roll with the punches. Just stick to it and you'll knock out 5% of your debt with less than 10 hours of work. That's a damned good trade-off!

Alright thanks, that's good to know. I'm pretty excited to get started with the debt payoff, so I'm looking forward to anything we can do to help that.


My wife and I opened a Chase checking account with a $200 signup bonus for a direct deposit. We went ahead and switched her direct deposit over. We've been wanting a national bank for awhile now as we've run into problems not having one, and we'll use this account to make the principal debt payments. $200 windfall will be put towards debt when it pays (probably a couple months from now).

SlyFrog
May 16, 2007

What? One name? Who are you, Seal?
Just wanted to pop in to cry about my five piece (bass, three toms, snare) canary yellow Yamaha set with five Paiste cymbals and all stands, chair, and double bass pedal that has been sitting in boxes in my parent's unregulated (no air or heat) garage (in a state that has temperatures ranging from 100 in summer to -0s in winter) for 25+ years. The set cost around $3k new back in the early 90s (I got them very, very lightly used for much less).

It has genuinely reached the point now where I just don't want to open them, out of sadness for what I will find.

Carry on.

Motronic
Nov 6, 2009

SlyFrog posted:

Paiste cymbals

Ugh. Nothing of value was lost.

(sorry, sorry, I had to start the Ford/Chevy cymbal wars)

Knyteguy
Jul 6, 2005

YES to love
NO to shirts


Toilet Rascal

Motronic posted:

Ugh. Nothing of value was lost.

(sorry, sorry, I had to start the Ford/Chevy cymbal wars)

Sabian 4 lyfe


So unfortunately AT&T had an final payment of $163. I was told there was no charge when canceling but the rep was obviously having a bad day or something, so I guess it slipped somehow. I politely asked if they could give some sort of credit or waive it due to bad info, but was told nothing there's nothing they or even their manager could do.

So normally I'd eat an overage like that out of discretionary for August, but that's just too much for us realistically this early, and I feel confident saying from experience that it would lead to a failure cascade. How should we handle this? I'd be alright handling this over the next 3-4 months out of discretionary. Something like that work? I wanted to stash $50 from discretionary every month away to build a buffer, but that can wait I suppose.

SlyFrog
May 16, 2007

What? One name? Who are you, Seal?

Motronic posted:

Ugh. Nothing of value was lost.

(sorry, sorry, I had to start the Ford/Chevy cymbal wars)

Honestly, I would have prefered Zildjian, but when you're buying a drum set that the guy at the music store confirmed he sold two weeks ago for $3,000 for $1,000 because the dude wants to start some business and needs the money, you take the cymbals that come with it.

Of course, the reality is, I couldn't tell the difference in sound between Paiste and Zildjian if I tried - I think 15 year old me just thought the name was cooler and much like children do, decided to pick a side and think that Zildjian was much more badass.

Duckman2008
Jan 6, 2010

TFW you see Flyers goaltending.
Grimey Drawer

SlyFrog posted:

Honestly, I would have prefered Zildjian, but when you're buying a drum set that the guy at the music store confirmed he sold two weeks ago for $3,000 for $1,000 because the dude wants to start some business and needs the money, you take the cymbals that come with it.

Of course, the reality is, I couldn't tell the difference in sound between Paiste and Zildjian if I tried - I think 15 year old me just thought the name was cooler and much like children do, decided to pick a side and think that Zildjian was much more badass.

Can’t blame you for taking it with the sale on a deal that good. I’m a big Zildjian fan myself, although that’s more in the past since I don’t play much anymore.

Motronic
Nov 6, 2009

SlyFrog posted:

Honestly, I would have prefered Zildjian

This is a very correct post.

And again it's a Chevy/Ford thing so arguing it just makes us all retards. (you're still totally right)

My Rhythmic Crotch
Jan 13, 2011

Knyteguy posted:

So unfortunately AT&T had an final payment of $163.

...

failure cascade

I'm guessing that's the pro-rated amount for the final month, not an early termination fee? What month are they saying it's supposed to be for? I would not use discretionary to cover it, I mean, at this point the biggest thing is to keep your motivation to stay on the wagon, and kneecapping your discretionary is going to have knock-on effects for months to come. I know not everyone will agree with that though.

Knyteguy
Jul 6, 2005

YES to love
NO to shirts


Toilet Rascal

My Rhythmic Crotch posted:

I'm guessing that's the pro-rated amount for the final month, not an early termination fee? What month are they saying it's supposed to be for? I would not use discretionary to cover it, I mean, at this point the biggest thing is to keep your motivation to stay on the wagon, and kneecapping your discretionary is going to have knock-on effects for months to come. I know not everyone will agree with that though.

It was a pro-rated amount for June's balance and an early termination fee yeah. They told me we were good to go without any bill since we bought the device up front when we started the plan, but who knows.

Yeah I don't want to kneecap the discretionary either. Unless goons are going to piss in the well then I'll eat it from our savings contribution just this time. We did cut discretionary $30 moving forward already, and I want to make sure we get used to sticking to a budget before we push too hard. I'll also work a little harder on getting some smaller stuff sold to help make it up.

Update:
I got the dirt bike running for like $85, but I think $50 of that can be returned as I didn't end up using it (if not I'll just throw it in as a sale sweetener, as it's general maintenance stuff). Started up the first kick.

Oh and also I guess we overestimated the move-in bill by ~$300 so we have a credit for our September's rent. Manager at apt will verify, but it looks that way right now.

So far we're looking at, as a budget difference summary for now and next month:
+ $1,000 - 3 paycheck month August
+ ~$300 - overpaid and overestimated rent/move in cost (90%, not 100% sure this will happen, mgr will verify)
+ $10 - talked Charter into giving us a $10 credit which cut the $65 bill to $55.
- $163 - AT&T
- $35 to $85 dirt bike repairs

e: fixed numbers added summary

Knyteguy fucked around with this message at 23:45 on Jul 27, 2019

Duckman2008
Jan 6, 2010

TFW you see Flyers goaltending.
Grimey Drawer

Knyteguy posted:

It was a pro-rated amount for June's balance and an early termination fee yeah. They told me we were good to go without any bill since we bought the device up front when we started the plan, but who knows.

Yeah I don't want to kneecap the discretionary either. Unless goons are going to piss in the well then I'll eat it from our savings contribution just this time. We did cut discretionary $30 moving forward already, and I want to make sure we get used to sticking to a budget before we push too hard. I'll also work a little harder on getting some smaller stuff sold to help make it up.

Update:
I got the dirt bike running for like $85, but I think $50 of that can be returned as I didn't end up using it (if not I'll just throw it in as a sale sweetener, as it's general maintenance stuff). Started up the first kick.

Oh and also I guess we overestimated the move-in bill by ~$300 so we have a credit for our September's rent. Manager at apt will verify, but it looks that way right now.

So far we're looking at, as a budget difference summary for now and next month:
+ $1,000 - 3 paycheck month August
+ ~$300 - overpaid and overestimated rent/move in cost (90%, not 100% sure this will happen, mgr will verify)
+ $10 - talked Charter into giving us a $10 credit which cut the $65 bill to $55.
- $163 - AT&T
- $35 to $85 dirt bike repairs

e: fixed numbers added summary

ATT charged me a final month based off of my billing cycle. When I cancelled they told me the wrong billing cycle date, so it was their fault. So I called them , took about 3-4 times over 1.5 weeks, and found someone to credit it.

Like, ATT customer service is really bad. But if you fight enough someone will credit at least something, if not all of it.

Dwight Eisenhower
Jan 24, 2006

Indeed, I think that people want peace so much that one of these days governments had better get out of the way and let them have it.

Knyteguy posted:

So far we're looking at, as a budget difference summary for now and next month:
+ $1,000 - 3 paycheck month August
+ ~$300 - overpaid and overestimated rent/move in cost (90%, not 100% sure this will happen, mgr will verify)
+ $10 - talked Charter into giving us a $10 credit which cut the $65 bill to $55.
- $163 - AT&T
- $35 to $85 dirt bike repairs

e: fixed numbers added summary

I just want to call out this bit and emphasize it so you dedicate some more mental attention to it. When you're living paycheck to paycheck and you have to make interest payments to credit card companies, it's decreasing your net cash flow and net slack in your financial health. When your income is grossly outsize to your spending, you have more slack and more wiggle room. Right now your slack is coming out of one-time sources: 3 paycheck months are about a 2x / year thing, and the refund from the apartment is only gonna happen as often as you move apartments.

The slack you have in August is something you can have every month when you're out of the hole, and it will make your life less stressful.

Knyteguy
Jul 6, 2005

YES to love
NO to shirts


Toilet Rascal

Duckman2008 posted:

ATT charged me a final month based off of my billing cycle. When I cancelled they told me the wrong billing cycle date, so it was their fault. So I called them , took about 3-4 times over 1.5 weeks, and found someone to credit it.

Like, ATT customer service is really bad. But if you fight enough someone will credit at least something, if not all of it.

No luck after a second phone call. Same thing said nothing we can do. I'm not expecting much.

Dwight Eisenhower posted:

I just want to call out this bit and emphasize it so you dedicate some more mental attention to it. When you're living paycheck to paycheck and you have to make interest payments to credit card companies, it's decreasing your net cash flow and net slack in your financial health. When your income is grossly outsize to your spending, you have more slack and more wiggle room. Right now your slack is coming out of one-time sources: 3 paycheck months are about a 2x / year thing, and the refund from the apartment is only gonna happen as often as you move apartments.

The slack you have in August is something you can have every month when you're out of the hole, and it will make your life less stressful.

So the apartment worker was incorrect on the $300. Our initial budgeted amount was correct. I'm not sure why we're running into this issue so much right now (workers giving us bad info).

Paycheck-to-paycheck/wiggle room - good point. I'm tired of having so much income tied up in debt payments, and having that money every month would be more than an extra paycheck a month, every single month. That's insightful.


Final spend July:


After removing category rollovers for categories we're no longer using:


AT&T bill and the dirt bike repairs hurt this month's savings, but the dirt bike at least will make up for itself in August. Obviously room for improvement here.

Goals for August:
- Stick to the budget.
- Do a better job to spread spending throughout the month.
- - Be prepared for a personal discretionary expense on August 31st ($50-$60 has to be available).
- Sell stuff.
- When considering taking a drive to relax, take a walk to relax instead.
- Save $50 in discretionary.
- Cook at home consistently with our luxurious new utilities and appliances such as running water and a full size stove.
- - Start meal planning. Eat better tasting, healthier food to meet our other goals.
- Don't get ahead of myself in the thread. Wait for thing to actually happen before sharing.
- Continue to analyze each spending decision. Instead of X is there a free Y alternative? If not, can we make do without this?
- Keep working on the planning aspect of decisions.
- Transfer Prudential 401k to Vanguard IRA.
- Get it done/do work!!

Non-financial:
- Walk 20 miles in August. We did roughly 5 miles in July (without a set goal).

August Budget adjusted for rollovers:

My Rhythmic Crotch
Jan 13, 2011

On first blush the numbers are looking pretty good. Nothing is really jumping out at me, which is good.

However, I am having some trouble trying to reconcile some stuff that was posted earlier in the month:

Knyteguy posted:

I underestimated my wife's paychecks for the month and overestimated our expenses, so we'll have (scribbles on a napkin) about $500-800 left over after moving in

So basically, July's takehome was $7046, and August's takehome will be $6650? Is that due to the extra paycheck in July?

If I'm correct about those numbers, do you feel like the extra income in July was used for debt?

Knyteguy
Jul 6, 2005

YES to love
NO to shirts


Toilet Rascal

My Rhythmic Crotch posted:

However, I am having some trouble trying to reconcile some stuff that was posted earlier in the month:

> I underestimated my wife's paychecks for the month and overestimated our expenses, so we'll have (scribbles on a napkin) about $500-800 left over after moving in

So basically, July's takehome was $7046, and August's takehome will be $6650? Is that due to the extra paycheck in July?

If I'm correct about those numbers, do you feel like the extra income in July was used for debt?

1) Pay decrease in August - this is due to benefits starting. It's very likely that I'm going to be off on her pay for August, but I tried to estimate conservatively, so hopefully it's higher rather than lower. Her first paycheck should clear tomorrow so I'll know more then.
2) The extra paycheck is actually in August! So that's the windfall listed in the updated August budget. That's going into the emergency fund.

My wife's income was weird in July. I didn't know this until it happened, but her paid holiday time goes into her PTO pool, and she didn't have enough to cover the 4th of July off (it was mandatory for her). We actually lost a half a day's pay here and the overtime just helped mitigate that. Non-salary pay is way more difficult to plan around.


As far as doing a good job with extra income, no we didn't do great with that. We need to improve our planning, and we need to spread our spending throughout the month. Ideally we could have rolled with the punches from the dirt bike/car wash/AT&T bill by having category excesses that didn't affect our saving budget.

Knyteguy
Jul 6, 2005

YES to love
NO to shirts


Toilet Rascal
Setup the 401k @ 3% contribution (100% match). VIVLX/Vanguard 2055 was the allocation (100%). No VTSAX I would have preferred that, but no option so oh well.

Any changes needed?


https://investor.vanguard.com/mutual-funds/profile/VINIX is S&P 500 with a .035% expense,
(current) https://investor.vanguard.com/mutual-funds/profile/VIVLX is a date-targeted retirement fund with a .09% expense.

SiGmA_X
May 3, 2004
SiGmA_X
E: I think you won the budgetoff. You didn't buy a new TV this month.

Knyteguy posted:

Setup the 401k @ 3% contribution (100% match). VIVLX/Vanguard 2055 was the allocation (100%). No VTSAX I would have preferred that, but no option so oh well.

Any changes needed?


https://investor.vanguard.com/mutual-funds/profile/VINIX is S&P 500 with a .035% expense,
(current) https://investor.vanguard.com/mutual-funds/profile/VIVLX is a date-targeted retirement fund with a .09% expense.
I'd stick with the target date fund. Stick her IRA in the same year target date fund as well. And then don't look at the balance as the economy slips into a recession this/next year. Just keep contributing, and up contributions once you're debt free.

SiGmA_X fucked around with this message at 04:02 on Aug 1, 2019

Dwight Eisenhower
Jan 24, 2006

Indeed, I think that people want peace so much that one of these days governments had better get out of the way and let them have it.
Yes don't look at balances when a recession hits.

No don't put too much weight in people saying a recession will hit this year, or next year. People have been saying that since 2015 enthusiastically. Some of them have pulled their money out of the market and surrendered all the growth in their investments that those 4 years entailed.

Harry Potter on Ice
Nov 4, 2006


IF IM NOT BITCHING ABOUT HOW SHITTY MY LIFE IS, REPORT ME FOR MY ACCOUNT HAS BEEN HIJACKED
Did the bike or drums ever sell?

Knyteguy
Jul 6, 2005

YES to love
NO to shirts


Toilet Rascal
Sounds good re: retirements. I left it allocated as is, thanks.

Harry Potter on Ice posted:

Did the bike or drums ever sell?

Not yet. I'll post when they do. We're a bit behind as the move took a little more time than we expected.

DarkHorse
Dec 13, 2006

Nap Ghost

Dwight Eisenhower posted:

Yes don't look at balances when a recession hits.

No don't put too much weight in people saying a recession will hit this year, or next year. People have been saying that since 2015 enthusiastically. Some of them have pulled their money out of the market and surrendered all the growth in their investments that those 4 years entailed.

The best retirement strategy is to just keep plowing the same amount into the accounts each month.

But even if you had the worst timing ever and only dumped the accumulated money in at the peaks, it's still better than if you pulled it out when a recession hits.

SiGmA_X
May 3, 2004
SiGmA_X

DarkHorse posted:

The best retirement strategy is to just keep plowing the same amount into the accounts each month.

But even if you had the worst timing ever and only dumped the accumulated money in at the peaks, it's still better than if you pulled it out when a recession hits.
Agreed and agreed.

Just do it!

Well, after high interest debt is cleared of course (anything over 2~4%).

Janus Owl
Jan 9, 2014
Hi, just wanted to update you guys that we sold the drums today for $660. That was the only offer we got, so we took it. Dirt bike still hasn't sold but it's been posted. KG will update you guys more when he has info.

Janus Owl fucked around with this message at 23:10 on Aug 10, 2019

Nocheez
Sep 5, 2000

Can you spare a little cheddar?
Nap Ghost
Awesome! Put it to good use!

Knyteguy
Jul 6, 2005

YES to love
NO to shirts


Toilet Rascal
My wife wanted to post the good news for the drums :).

Dirt bike sold. $1,200 cash. I had it posted for a lot more but those were the offers we were getting. It's done and out of the way at least if not the ideal market value. Same with the drums I suppose.

Last thing we have to sell that's big is the Thousand Trails membership.

Here's how I think the month will turn out after using a paycheck estimator for the rest of the month and seeing actual post insurance numbers (but not 401k yet, should see that reflect on this coming paycheck).


Note I missed the Thousand Trails monthly due (I thought it started again next mo), so I went ahead and added that. Add another $x if we sell the Thousand Trails membership this month - I have no idea how long it's going to take or what we'll get for it.

Important - the income numbers are likely still going to be off, hopefully trending low as they have so far, so don't hold me hard to the above numbers. All of this extra money we're getting this month is meeting our emergency fund and then going to debt.

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Porfiriato
Jan 4, 2016


KYOON GRIFFEY JR posted:

I will toxx that kg still owns that fuckin dirt bike on sept 1

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