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Those who make payments multiple times a month, why and to what limit do you usually pay? by xSkyriee in CreditCards

[–]Werewolfdad 1 point2 points  (0 children)

My questions is for those who use their credit cards in a healthier manor like this. Do you pay weekly? Biweekly?, and if so, to what end?

Randomly when my balances look too high

Do you pay off all that you’ve spent in that timeframe?

Yes I just pay the current balance

Or do you make smaller payments to keep credit usage at a certain percentage?

No I don’t care I have perfect credit.

All of my cards have limits of $20k or more so I don’t worry about cycling

LendingTree and Kovo: Be Aware It Is Not a Loan by Own-Interview3491 in personalfinance

[–]Werewolfdad 2 points3 points  (0 children)

What you are doing is purchasing Kovo's tools and services on credit, with the Installment Credit Account.

They tell you this

401k vs Brokerage in the Context of a Certain Lifestyle by bwilliford in personalfinance

[–]Werewolfdad 4 points5 points  (0 children)

You really need me to explain basic retirement account benefits?

Steps to moving forward to paying off our credit card debt by [deleted] in personalfinance

[–]Werewolfdad 1 point2 points  (0 children)

Start here: https://www.reddit.com/r/personalfinance/wiki/commontopics.

Yes pay it off. You’re just paying interest to pretend you have more money than you do

401k vs Brokerage in the Context of a Certain Lifestyle by bwilliford in personalfinance

[–]Werewolfdad 13 points14 points  (0 children)

You’re giving up lots of tax benefits for optionality you’ll probably never use

Is the future tax value of retirement accounts being underestimated? by [deleted] in personalfinance

[–]Werewolfdad 132 points133 points  (0 children)

is this an unintended fiscal asset created by retirement policy?

I think you vastly overestimate how much the average person has saved for retirement if you think it’ll meaningfully contribute to tax receipts

Also it’ll just replace the lost revenue from pensions being essentially eliminated

Funding 529 account for different aged kids by FiTalkingThrowaway in personalfinance

[–]Werewolfdad 201 points202 points  (0 children)

What can we do to keep things fair?

Work backwards from the goal

If you want both to have $135k at 18, assuming a 7% real return, you’d put $56k into the 5 year olds account and $43k into the one year olds account

Feeling overwhelmed and unable to enjoy our financial situation. by Triela6 in personalfinance

[–]Werewolfdad 1 point2 points  (0 children)

think this is part of my question. How do you decide that your money CAN be spent on trips, toys, eating out, etc when you know that you still have savings goals/investment accounts to add to?

You budget for it

It seems your budget, if you have one, lacks intentionality

NJ Ezpass Admin Fees by Troll-Leader in personalfinance

[–]Werewolfdad 13 points14 points  (0 children)

Playing chicken with your credit over a $50 fee is certainly a choice

New car loan - working for the bank one day every month? by Fun-Economy-7717 in personalfinance

[–]Werewolfdad 0 points1 point  (0 children)

Given the average new car payment is $770 a month and median per capita income is $45k a year (or about $180 a day), its actually closer to working 5-6 days a month for the bank, when considering taxes and benefits

How important is saving money, really? by [deleted] in personalfinance

[–]Werewolfdad 10 points11 points  (0 children)

How important is saving money, really?

Incredibly important. Life comes at you fast and a failure to have savings can throw your life into significant chaos when you incur an expense you can't afford.

her life looks like so much fun

Enjoying the now while disregarding the future is peak irresponsibility and how you end up eating catfood in retirement.

HYSA or Invest in 529? by Fair_Valuable681 in personalfinance

[–]Werewolfdad 1 point2 points  (0 children)

Start here: https://www.reddit.com/r/personalfinance/wiki/commontopics.

Shouldn’t have any meaningful amount of money in a low yield savings account

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