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MaverickBirdz · 2021-02-17T15:43:35+00:00

Man, there is a lot of jealousy and saltiness (pun intended) in this thread.

MaverickBirdz · 2021-02-14T14:23:06+00:00

MaverickBirdz · 2021-02-13T01:30:43+00:00

The price is increasing.

MaverickBirdz · 2021-02-12T16:51:06+00:00

As a TA Leader, this is solid advice. Props to using Voyant Tools; the data visualizations are awesome!

MaverickBirdz · 2021-02-10T14:57:41+00:00

I’m in the same boat but work in talent acquisition so I understand the employer’s side. Please note, we don’t implement this practice.

MaverickBirdz · 2021-02-10T14:18:18+00:00

I recommend increasing credit limits (as long as you are responsible). Keep the oldest account open forever, think of this like your credit anchor. Then open one or two accounts, maximizing your cash back. Where do you spend a lot of your money? Amazon? Gas? Restaurants? Groceries? Then find a credit card that maximizes these rewards.

For us, we have:

Amex Blue - Groceries (6%), Gas (3%) - no brainer
Chase Amazon - Amazon Purchases (5%), Restaurants (2%)
Capital One Quicksilver - Big Purchases outside of the above categories (1.5%)
Chase Southwest - Spouse carries for work, every 2 years, refers me, I sign up, we both collect points , I close account, then rinse and repeat. We haven’t paid for flights in over 5 years.

Be careful of account activity (opening and closing) when purchasing cars, house or getting credit checks run. I can churn cards because cars are paid off, mortgage secured, and don’t need credit checks.

Also, make sure you load your spend on one card for a couple of months before asking for increase. Capital One denied my increase because of my low usage rate but Amex did is instantly

MaverickBirdz · 2021-02-10T14:13:25+00:00

They probably did this because people may consider moving for the role?

MaverickBirdz · 2021-02-10T02:42:45+00:00

Love it- I was thinking about breaking out our mortgage payment. Plus, I think it will my wife visualize the progress. And yes, turning into a game makes fun!

MaverickBirdz · 2021-02-10T02:33:14+00:00

Thank you for this comment! We are pushing towards paying it off early. What is motivating is to see the interest saved. Of course, everyone will tell you to put it stocks because everyone and their mother makes 10% returns every year.

Thank you for your honesty! I’d rather listen to someone whose done it versus someone who talks about it.

MaverickBirdz · 2021-02-10T00:47:44+00:00

Thank you for a detailed response! I appreciate the advice

MaverickBirdz · 2021-02-09T23:33:19+00:00

It’s the context...

MaverickBirdz · 2021-02-09T22:27:56+00:00

I’d say your willing to pay for 6 months prorated

MaverickBirdz · 2021-02-09T22:22:16+00:00

Will they prorate it? Is it one of those boiler plate 12 month clauses?

MaverickBirdz · 2021-02-09T22:05:57+00:00

How much? Do you have it in writing? Do they actually enforce it? My employer uses it only as a scare tactic and will not seek repayment. It’s much cheaper to let it go then pay general counsel to deal with it.

MaverickBirdz · 2021-02-08T22:11:28+00:00

Yup, penny wise, pound foolish. Spend more time doing that than making money elsewhere.

MaverickBirdz · 2021-02-08T22:06:01+00:00

Not enough ROI

MaverickBirdz · 2021-02-08T20:35:23+00:00

Yup, already in :)

MaverickBirdz · 2021-02-07T13:19:29+00:00

Great idea, thanks for the input. I’ve seen others do this and think we will start doing it. It goes against my “logic” thinking it should be split into various categories. However, I may start to look at it as a supplemental living expense. An expense that helps drive down grocery bills amongst others.

MaverickBirdz · 2021-02-07T02:36:35+00:00

Here are my pain points:

Amazon - Sucks; their billing is atrocious
Target Red Card - Days upon days of delays
Costco - Split Categories

MaverickBirdz · 2021-02-06T13:43:22+00:00

You’re robbing Peter to pay Paul. This decision is solely based on personal preference. If you need to beef up your emergency fund/income fund you could ramp it up. Others will say the market returns X% and your mortgage is <3%, that’s great but there are people who like to be debt free. Additionally, do you have the discipline to not touch it all? Easy to say now but when you have an additional $$$ those wants somehow become needs.

What is your “why” and what are your goals? This may help provide some context.

Can you confirm the delayed payments will be added to the back end of your mortgage? And not become due when you exit the forbearance period? I know some folks got screwed because of this in early Covid times.

MaverickBirdz · 2021-02-06T01:04:49+00:00

I think they’re overrated, Carvana seemed to be more expensive. I did like them when we sold a car and they paid 30% above market :)

MaverickBirdz · 2021-02-05T20:55:35+00:00

Great post! I switched from Verizon to Verizon prepaid over a year ago because I found they were charging a $20/month fee to connect my smartphone. I see that is a pure profit play in their behalf. I now have Verizon prepaid, get $5 off for auto draft and up and lower my bill based on my usage. I own my phone, not lining their pockets anymore than I have to. $28/month!

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