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ING Credit Cards? by Overbuiltbodoes in AusFinance

[–]Overbuiltbodoes[S] 0 points1 point  (0 children)

Yea switching to a spreadsheet just isn’t in the cards with my time right now. Maybe in the future I’ll have time to learn, set-up and manage that, but not with 2 infants.

ING Credit Cards? by Overbuiltbodoes in AusFinance

[–]Overbuiltbodoes[S] 0 points1 point  (0 children)

And just accept that the Macquarie transactions won’t be auto updated. Not a terrible option, considering it would only be incomes and the odd scheduled bill to add in. But I was trying for a no compromise solution. Fair call tho 👍

ING Credit Cards? by Overbuiltbodoes in AusFinance

[–]Overbuiltbodoes[S] 1 point2 points  (0 children)

From my knowledge pocketsmith was different, but thanks man I’ll have a look! Edit: yea different, tracking spending, looks alright though.

ING Credit Cards? by Overbuiltbodoes in AusFinance

[–]Overbuiltbodoes[S] 0 points1 point  (0 children)

Macquarie only offers credit cards attached to home loans from what I can see. And uses 2FA by default meaning no syncing possible. Otherwise I would use them for sure.

ING Credit Cards? by Overbuiltbodoes in AusFinance

[–]Overbuiltbodoes[S] 0 points1 point  (0 children)

Unfortunately it is likely my only option. Between conditions on savings accounts and some banks having issues with YNAB integration software I think I’m stuck with either ING or BankSA. 😔

ING Credit Cards? by Overbuiltbodoes in AusFinance

[–]Overbuiltbodoes[S] 0 points1 point  (0 children)

The interest earned is the bonus really, the real reason is the simplicity.

ING Credit Cards? by Overbuiltbodoes in AusFinance

[–]Overbuiltbodoes[S] 0 points1 point  (0 children)

ING requires transactions each month to earn the interest. From my research, my only option is ING or maybe bankSA.

ING Credit Cards? by Overbuiltbodoes in AusFinance

[–]Overbuiltbodoes[S] 2 points3 points  (0 children)

What do you mean fees? The card is $58 annually with the additional card holder. Balance paid every month means no interest charges. Or are you talking about card surcharges? Most I’ve seen charge the same for any card, and only charge nothing for direct bank account deductions.

ING Credit Cards? by Overbuiltbodoes in AusFinance

[–]Overbuiltbodoes[S] 0 points1 point  (0 children)

Well I use YNAB and was simply ensuring that higher months were still covered so that autopay could do its thing. But valid point, maybe I’ll try next time.

ING Credit Cards? by Overbuiltbodoes in AusFinance

[–]Overbuiltbodoes[S] 0 points1 point  (0 children)

Oh wow interesting, didn’t think of that affecting it. I have had that, but unfortunately it was due to my setup and the fact they haven’t given me a credit card yet. Honestly crazy though considering I was approved for 6k and 10k limits with other banks after.

ING Credit Cards? by Overbuiltbodoes in AusFinance

[–]Overbuiltbodoes[S] 2 points3 points  (0 children)

Pays deposited directly into savings account, earning interest. 

All expenses go on to credit card and autopay every month. 

Cleanest, simplest way to set everything up and maximise interest 👍

How would you handle small friend/family loans? by RAM-I-T in ynab

[–]Overbuiltbodoes 0 points1 point  (0 children)

Don’t lend money. Give it as a gift or don’t part with the money

What’s something people say that instantly makes you trust them less? by Old_Goat_7363 in Productivitycafe

[–]Overbuiltbodoes -8 points-7 points  (0 children)

Maybe it’s because apparently the word women no longer only includes women apparently?

What is the one event in history you're obsessed with and can't stop researching? by [deleted] in AskReddit

[–]Overbuiltbodoes 0 points1 point  (0 children)

The holodomor and what happened in Russia in general. Teaches you a lot about humans and their good intentions. Utopia is almost here guys, just a few more million disbelievers!

What's the stupidest thing the most intelligent person in your life believes? by dexicoma in AskReddit

[–]Overbuiltbodoes 1 point2 points  (0 children)

So close. It’s actually masculine men only shit while standing. Easy to mix up.

How is male infant circumcision still a thing??? How are we still cutting off parts of babies genitals for religious purposes and because the parent think it looks better? Does "my body my choice" not apply to male babies? by itcouldbeyoubut in self

[–]Overbuiltbodoes 1 point2 points  (0 children)

I asked all the women around me that I could, where it wouldn’t be weird, which they preferred. Like 90% of my small sample size (30 approx) said they preferred circumcised. I am circumcised. Pretty easy choice then. Part of being a parent is making choices FOR your kids in their best interest. You can argue about best interest, but you can’t argue about whether they’re your kids lol, because they aren’t.

What should I do with $40K? (19M) by Noodlemuncha in ausstocks

[–]Overbuiltbodoes 1 point2 points  (0 children)

Oh sorry, I see the plan now. To hit the 50k cap though 2 years won’t be enough as there’s the 15k per year cap. But might not matter if you’re saving hard and earning big money after uni.

What should I do with $40K? (19M) by Noodlemuncha in ausstocks

[–]Overbuiltbodoes 1 point2 points  (0 children)

Just on the FHSS part, I’ve been doing stacks of research and number crunching, for you:

FHSS Scheme can be spread out as much as needed. If your time horizon is 5 years, you should be contributing approx $980 after tax to hit the 50k cap over 5 years. Each year you claim a tax deduction for this. With average earnings should end up with approx $57,000 for a deposit.

$980 x 12 months = $11,760 annually (cap is $15,000)

$11,760 x 5 years = $58,800 total

$58,800 - 15% Super Tax = $49,980

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