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Did someone just finish up paying off $25k in credit card debt today? Why yes, yes I did
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Aug 15, 2014 18:04
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| # ¿ May 11, 2024 13:50 |
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Thanks, it feels awesome! I stopped using the credit cards I had in May 2010 (incidentally, it got shut off at the end of a two week trip to China because they thought charges in Beijing and Shanghai and Xi'an were fine, but Maccau had to be fake....I just never called to open it back up again). I was in grad school until May 2011 so I was making the minimum payments until then. So, just over three years. It could have been faster, but I spent money on trips and other experiences, always in cash I had on hand and never on credit.
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Aug 15, 2014 21:36
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I had to remove several accounts from Mint. I kept getting locked out of certain accounts for exceeding the login tries because Mint kept messing up. Here's a question: Let's say you have some amount of money that's unspoken for in your budget. You owe a decent amount on student loans, no other debt. You have a $5k emergency fund, no other savings other than 401k/traditional IRA. How would you, personally, break up that extra money between general savings and student loan payoff?
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Aug 27, 2014 21:53
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OK I guess this needs more detail. I'm pretty sure I'll know what BFC will say (hammer the loans) but the lack of savings scares me a bit... Extra money each month not budgeted: $1800 Emergency Fund: $5100 Other Savings: $300 401k: 8% of salary (get full match at 6%) IRA: none Student Loan 1: $17,200 (6.8%) - $256.36/month minimum Student Loan 2: $15,400 (4.25%) - $126.34/month minimum Student Loan 3: $2,950 (5%) - $79/month (paid quarterly) So I pay $462/month on student loans. My plan was to make that an even $1k, applying the extra $538/month on the biggest loan and pay it off in two years, then snowball it and knock out the other two in a year and a half. Meanwhile, I'd be building my savings and be able to increase my 401k, max out my Roth and save for a new car. Edit: tax implications don't matter, I make too much to deduct the interest
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Aug 28, 2014 15:26
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According to my Chase year-end statement, I spent $6990 on restaurants and bars last year. Oops
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Jan 13, 2015 02:20
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I get 100% of the first 1%, then 50% of the next 5% I contribute, so 3.5% on 6% in total. No vesting, either, so not too bad. And we get a pension still!
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Jan 20, 2015 23:43
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Random question, not sure if it fits in this thread or not. I'm a product manager for a large transportation and logistics company. I would like to move into software product management (well, it seems ALL PM work is now in software at this point), but a major sticking point is my lack of agile development experience. Agile only seems to make sense for software-type products or services. So, since my company uses the waterfall method of product development, what's the best way to gain some meaningful experience? I have lost out on several job opportunities for the sole reason that I lack agile experience. Frankly, it's getting frustrating. Like non-Agile PMs are obsolete now
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May 6, 2015 17:18
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Does anyone have experience with a Portable Pension Account(PPA)? I have one with an old employer, I'm fully vested with a current balance of $31k. It just sits there, and I believe I can move it to a traditional IRA (and avoid all taxes for now) or into a Roth IRA (and pay income tax now). Assuming I'm reading the documentation correctly.
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Apr 1, 2019 19:51
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Anyone ever look at your finances and just go "mother of God...." and think you're failing? Or look at your budget and see the amount you could save and think it's just not enough, even though ten years ago you'd kill to save that amount?
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Jan 8, 2020 02:43
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H110Hawk posted:We're doing once maybe twice a week depending on how hectic the day went, with enough for leftovers to eat for lunch the next day. We're also avoiding chains. I hear people at work talking about supporting their local restaurants... like Panera. spwrozek posted:That is pretty funny. All the places we hit up are local thankfully. I don't even know of a chain within walking distance. Probably a Starbucks but you would pass 3 other non chain coffee shops. I mean, local people work at chain restaurants too. I'm not saying local places don't deserve more attention given everything going on, but don't discount the local impacts of a chain closing too
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Apr 2, 2020 19:11
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Motronic posted:I don't think you understand the extent to which California real estate is hosed up due to the property tax scheme and how much that is amplified in the bay area due to mid level software developers and product managers making $300k while burning VC money. .....what. How in the world......
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Dec 8, 2020 15:19
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Motronic posted:Product managers are the top of the pile in bay area VC tech as far as ICs go. I'm flabbergasted. I run a team of product managers in Florida, and I don't make anywhere remotely close to that. Not even half of that. Maybe I should look for a remote PM job there. I get it won't be that full amount, but has to be better than what I'm making. Plus my company just merged with/got bought out by another, and our options/stock are being paid out.
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Dec 10, 2020 00:55
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Yeah I've worked at big, Fortune 100 places and sub-100-person shops, they've just all been in low cost of living places so I guess my experience doesn't align well with firms on the coasts. I've had recruiters from Amazon reach out every so often but I've always said I wasn't interested, maybe I should be? My knowledge of Amazon is a culture where you are worked to the bone then put on a PIP right before your vesting cliff.
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Dec 13, 2020 23:50
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My wife and I probably spend around $500-$600/month. It's less when I do more of the shopping, but it depends if I'm cooking good poo poo or not too.
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Aug 27, 2021 01:55
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ObsidianBeast posted:A fun story about how it never hurts to ask: Come on, you can't leave us hanging....how much was it?
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Sep 11, 2021 00:55
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ObsidianBeast posted:$26k. I was considering not saying the amount, but gently caress it. I think it's important for people to know what to expect from being an employee at acquired startups. It's a fantastic amount for me, and I'm giddy with excitement about what we can do with that money, but I think there's a perception that it's "retire now" kind of money. That's only for founders or investors. Hey, so long as Options Payout > (3/60)xHourly Rate, it was worth it. I'm on my second startup (both "de-risked" as they say). At the first one, after they raised Series B, they opted to not give out any options to anyone under VP-level. They did, however, let us purchase stock, up to a certain amount. I did $5k, walked away with $19k after taxes when the company was acquired a year later. And then I got a $50k deal bonus on top of it, which blew my mind. Newly-formed company post-acquisition also made the brilliant decision to offer zero equity to people (except some hush-hush options to a few people; I had options tentatively worth low six figures, but I also felt they would never pay out). The only people I've seen get "gently caress you, I'm retiring" money have been the founders and the growth equity companies that invest. Everyone else, maybe you can buy a car with it
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Sep 12, 2021 22:58
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Motronic posted:I'm not saying it happens all the time, but it happens more than you think. Hey I certainly hope it happens more than I think, I'd love it if my equity turned into seven figures
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Sep 13, 2021 15:18
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Alignment on philosophy, goals/objectives, etc. is way, way more important than the nuts and bolts of # of accounts and stuff like that. For us, we keep separate checking and savings accounts, and use a joint account for mortgage and household bills, as well as a joint emergency fund and general savings account for things like trips, large purchases, etc. We make sure we are both contributing to our retirement accounts, and we discuss anything that'll take money out of savings. We're each the beneficiary on the other's various accounts. It works for us
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Nov 19, 2021 17:14
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We've had separate bank accounts since we got together (10+ years) and it works fine for us. Every month she deposits her portion of the mortgage and bills. I pay the mortgage and some bills, she pays the others. We have a joint emergency fund, joint savings, and then she does what she wants with her money and I do what I want with mine. I now make significantly more than her, so I've taken on more of the monthly stuff
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Jan 10, 2023 01:23
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What's y'alls ratio of retirement:investments:cash? I got curious and looked at mine and was quite surprised: 90% retirement/8.7% investments/1.3% cash. I feel like my cash should be a bit higher than it is
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Mar 20, 2024 23:08
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| # ¿ May 11, 2024 13:50 |
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Cacafuego posted:We’re at about 83% retirement/9.5% investment/7.5% cash, assuming investment doesn’t include rental property equity. Baddog posted:I think you should absolutely include rental property in investments! I'm not including property in my calculations, but rental property is a different beast. Maybe a fourth category? Xenoborg posted:67% Retirement I feel like this is a better ratio for me. I'm early 40s, but I've pretty much been contributing to my 401k and little to investments until recently. Cash is rough because we save up for things, spend it on those things, and start over. I'll also note that this is my personal cash accounts, not our joint checking, joint savings, or joint emergency fund. Ralith posted:This is a confusing breakdown. Are your retirement assets not invested? Good point. I look at it like retirement is for when I stop working in my late 60s/early 70s; investments are for 5-15 years from now, and cash is 1-5 years.
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Mar 21, 2024 00:42
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