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I've finally saved up enough money to live off of last month's paychecks!  Now I get to learn how to budget correctly because it will be a weird transition from living week-to-week to living month-to-month (I get paid weekly). I'm hoping that doing the month-to-month thing will make it easier to save/pay down student loans. I'm just worried I'll fall into a trap in the 4th week of each month "Oh, I get paid next week, I can go a little over..." 
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Mar 22, 2014 15:45
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Sephiroth_IRA posted:Sometimes I can't help but think "If everyone was like me or your typical BFC goon with money would the economy collapse?" and the answer I always arrive to is "yes.". I can drive down the street right now and point to a lot of companies that would go out of business overnight. Then several that would probably collapse because I don't use them very often. As a Masters level economics student, I have to respectfully disagree. If over night, everyone shifted their preferences to save more, then yes, several businesses would shut down quickly. There would be lost jobs. But then the economy would adjust. The job losses would likely be temporary. An increase in savings means that interest rates would decrease, so borrowing would become cheaper. This would mean new businesses cropping up from individuals looking to take a higher risk for a larger rate of return. I believe if everyone were financially responsible, there would be far fewer sad/funny stories of people having financial troubles. In the long run, I believe everyone would be better off. But you can also take this with a grain of salt because I haven't taken Macro Theory yet.
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Apr 25, 2014 15:47
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John Kelly posted:I just got notice from my landlord that they are selling the building I rent in to make more condos. I now have 60 days to find a new place which so happens to be the busiest time of year for my work. The good news is that I shouldn't dip into my savings too much although my goal of saving for a new car is going to wait a month or two because of this. I really liked this building too Are they allowed to just kick you out like that? Did they buy your lease out or anything? If you're in the U.S. several states have renter's protection laws that keep landlords from just kicking people out if they have a lease that's not in default.
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Sep 27, 2014 23:11
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Lazerbeam posted:What criteria should I consider when compare two job offers? There's a lot to consider. Pay, benefits, hours working/week, company culture, how long the commute is, which job responsibilities you'll enjoy more, etc. A few of these things are easy, but others are entirely up to your preferences. Are you willing to make some more money for a longer commute? How about sacrificing pay for a more relaxed setting? It will probably require some thinking and listing of your priorities.
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Apr 16, 2015 15:06
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C-Euro posted:I was so excited to get my first paycheck in six weeks today, until I looked at my paystub to see that a quarter of my pay went to taxes. My living expenses have doubled but I'm bringing home the same amount I was at my last job, and now I'm salaried so I can't even get overtime now. Thanks PA! Is your withholding set at the correct level? If it's a new job/company (sounds like it is) you could be having too much withheld. This might help your situation some. To answer your question, I think it is bad form, but as long as you don't get a reputation in your industry for doing things like this (unlikely unless it is very niche) you'll be fine.
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Jul 10, 2015 17:34
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Vegetable posted:Company A just emailed me saying that they've decided to extend me X position. I'm waiting on two other job applications: one of them I'm pretty far along (phone interview + test), the other not so much (just a test). Read the op of this thread: negotiations
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Oct 7, 2016 12:39
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GAYS FOR DAYS posted:He more or less implied that he'll be adding hours to my clock-ins every week so that I'm getting overtime to make up for what he thinks is a bum deal for me. Isn't this considered fraud?
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Oct 22, 2016 20:58
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Nail Rat posted:Yeah it was a United card, there's not a downgraded version that doesn't include a fee. That's ten dollars a year on a 20k balance, I'll take that for free!
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Apr 25, 2017 14:25
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Purple Prince posted:How do you all deal with the urge to spend money on food? Sometimes at work I just crave some iced tea or a donut or a flat white or something, and looking at my budget I can see that it ends up costing £50-100 month, but it's super hard to break this habit since it's viscerally attractive to grab food when I feel like it. You either need to build some will power, or plan around it. Bring a snack or some coffee from home that you can prepare when you’re feeling the urge to munch.
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Sep 5, 2019 13:00
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Congratulations on your house, I hope!
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Feb 12, 2020 19:57
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I wouldn't wish a horse on my worst enemies. BlackMK4 posted:If a house looks like a used GT3 Cup car, ya Welcome to the shackles Fezziwig fucked around with this message at 00:50 on Feb 13, 2020 |
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Feb 12, 2020 23:32
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Is anyone familiar with Green Dot bank? They look to be FDIC, offer a 3% savings account and their rewards (debit) card offers 3% cash back for online purchases. Looks like the catch is you need to spend $1,000/month on the card or pay an $8 fee. You also only get rewards and interest once a year. Assuming you meet the spending requirements, how significant is getting interest only once a year vs monthly?
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Mar 2, 2020 14:18
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There's the other part that factors in, definitely. I guess most folks, even if they want to keep things as simple as possible, are probably better off getting a 2% cash back everywhere card and using a traditional HYSA.
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Mar 2, 2020 15:12
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Did my annual re-evaluation of retirement savings rates and bumped my 401k contribution up to 6% and my wife's up to 7%. This is on top of being on track to max Roth IRAs in 2020
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Jul 31, 2020 13:51
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KYOON GRIFFEY JR posted:sorry if your CC debt is at 17% you should prioritize the CC debt full fuckin stop Especially since there is no matching on the 401k contributions
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Sep 3, 2020 16:03
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Big Dick Cheney posted:We just had our baby delivered a week ago. Is there a way to get the Biden tax credit now or do I need to wait to until I can file my 2021 taxes? Piggy backing on this, but born a month ago. I assume withholding just has to be adjusted and you get that money back over the course of the year, but would be interested in getting it early if possible.
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Mar 21, 2021 20:48
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The purpose of an emergency fund is preservation of capital and to be available immediately. The best your are going to be able to do is a HYSA, or jumping through hoops for something like HM Bradley. I've seen some goons discuss I-Bonds lately, but I'm not as familiar with them. AFAIK, they are less liquid but relatively risk free, so if you're willing to chance it that you'll have a few days buffet before needing cash, those might be a good option.
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May 13, 2021 18:17
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LiterallyATomato posted:Hey so I know this obviously changes depending on where you live, etc. but what's a good target on a grocery budget for two adults and a small child? $400/mo.? My wife and I spend about $500/month on groceries, but we include things like diapers for our 6 month old in the grocery category. Also occasional purchases like beer and wine, which is probably a once/month purchase.
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Aug 26, 2021 23:35
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nwin posted:I don’t understand how people can get their groceries so low. With my wife and myself, a toddler, and then a baby on formula (formula is not part of the grocery budget-we have a separate budget for formula/diapers/etc), we average $1200/month. A small aside, but if your baby doesn't have any special diet needs, we found the Costco brand of baby formula to be absolutely awesome. It's less than half the price per oz compared to enfamil and our 6 month old likes it just as much. That could go a long way to reducing the grocery bill if your baby eats like ours.
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Aug 27, 2021 12:38
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This is why my wife and I just combined everything. We only have a single checking account where all of our pay gets dropped into, and we both have access to a shared budget where we can both see everything we purchase. Makes things a little difficult around birthdays and holidays, but that's a small price to pay for the peace of mind knowing we are both on the same page financially. They being said, I also know couples they have 3 checking accounts too: Spouse A, Spouse B and Shared. Some folks still prefer to be in the "mine" and "yours" camp, which is fine, and everything works out well for them. But it is very important that you're on the same page w.r.t large expenditures and retirement. Worst case scenario is one person can afford to retire and the other can't, or one person can buy a new car and the other can't, etc.
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Nov 19, 2021 16:30
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I am in a BA type role that works with a bunch of DAs. The DAs on my team do everything from statistics heavy forcast-modeling, to BA-like tasks developing requirements for data systems, to doing BI-type work making dashboards in PowerBI or Tableau. Some even do SQL-heavy work like I do but are called a DA for some reason. It really depends on the kind of work you want to do.
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Jan 20, 2022 04:53
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Xelkelvos posted:What does BA and BI mean? Business Analytics and Business Informatics? I don't have a good idea of what you mean by forecast modeling besides taking data and making it into something predictive to some level of confidence and accuracy. Business Analysis and Business Intelligence. And that's exactly what I mean. Taking existing data (in our case, historical gross profits by month) and using that to create a predictive model of what gross profit will be in the future. This is often using existing models, such as ARIMA, TBATS, etc instead of developing new models.
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Jan 21, 2022 01:30
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Vegetable posted:I have a CapitalOne high performance savings account. It’s currently on 3.4% APY. 1. Yes, they use an average daily balance. 2. Yes, banks APY is directly comparable. If you're in a HYSA now, chances are there aren't going to be many banks that will beat your current rate. For example Ally, which has been a goon favorite for HYSA, is also at 3.4%.
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Mar 9, 2023 15:14
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