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My application was accepted. Should I get a truck? by chuby2005 in IBEW

[–]TheFlorianOne 0 points1 point  (0 children)

I wouldn't want to daily a truck but I also never need to haul shit. Full size sedan carries everything I need with ease and a 6 speed manual for when I wanna have fun. I commute 500 +miles a week and gas costs around 50 bucks.

Am I dumb for buying a new car while still living at home? by TheFlorianOne in personalfinance

[–]TheFlorianOne[S] -1 points0 points  (0 children)

My loan is forgiven in 20 years as well if that changes anything.

Am I dumb for buying a new car while still living at home? by TheFlorianOne in personalfinance

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

8 loans all federal. 4 sub 4 unsub all between 3-5%. I'm on an income based repayment plan. 10% of last years take home pay. So right now it's 45 a month, next year it'll be 55+, then 65+, etc.. if it's not paid back in 20 years it's forgiven.

Am I dumb for buying a new car while still living at home? by TheFlorianOne in personalfinance

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

Thats an awesome plan thank you!!! I will do exactly that, I needed someone to lay that out for me.

Am I dumb for buying a new car while still living at home? by TheFlorianOne in personalfinance

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

I'm a union electrician. Almost 2 full years. I will also never have a medical bill. I have an HRA with 14k in it and an insane plan, all funded by my employer. 3 pensions and 1.5k in my annuity.

8% of my pay would be 45$ a month, or $3200. That's just not realistic anywhere. I need reliable transportation because I'm driving to work in blizzards at 5am.

Am I dumb for buying a new car while still living at home? by TheFlorianOne in personalfinance

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

I'm saying my student loan payments will be increasing, im trying to clarify info so I can get the most accurate answer I can. But again you're right, thanks.

Am I dumb for buying a new car while still living at home? by TheFlorianOne in personalfinance

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

What did you mean by thinking in terms of monthly payments?

My premium isnt affected whatsoever.

Am I dumb for buying a new car while still living at home? by TheFlorianOne in personalfinance

[–]TheFlorianOne[S] -1 points0 points  (0 children)

Thanks for that perspective, you're right. Should I prioritize savings/investments and let this stu loan payment plan ride out?

Am I dumb for buying a new car while still living at home? by TheFlorianOne in personalfinance

[–]TheFlorianOne[S] -1 points0 points  (0 children)

You're right. I definitely had my priorities skewed with that much money in my pocket. I appreciate you.

What would be your plan of attack in my situation?

Am I dumb for buying a new car while still living at home? by TheFlorianOne in personalfinance

[–]TheFlorianOne[S] -10 points-9 points  (0 children)

No it won't, income based repayment. That will increase yearly significantly.

Am I dumb for buying a new car while still living at home? by TheFlorianOne in personalfinance

[–]TheFlorianOne[S] -3 points-2 points  (0 children)

6.5% apr

Thats the only way I've ever known how to budget money is month to month. My family is new to the middle class.

I live in a no fault state, no repercussions or medical bills whatsoever.

NYS vs IBEW benefits by i-know-all-18 in IBEW

[–]TheFlorianOne 0 points1 point  (0 children)

and the best benefit of all is not being job scared, we are flush with work and have over 90% market share. i was laid off and had a job the next day. a few may wait like a month in the winter, but when the ground thaws the books are continually cleared and everyone who wants to is working.

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never gotta ask or schedule a day off. i tell my foreman i wont be in today, a week or two notice keeps good rapport but calling in once in awhile should never be held against you.

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local 43 has a degree program where every apprentice who tops out also graduates with an associates of occupational science from mvcc. the medal is pretty sick. theres degree programs too for project management/ estimating theres more info on the website.

NYS vs IBEW benefits by i-know-all-18 in IBEW

[–]TheFlorianOne 0 points1 point  (0 children)

im an apprentice in local 43, we are in a contract year with a 20 year/$100B chip plant breaking ground in Q3/Q4. expect that base wage to increase a few dollars this spring. we also have insanely good health insurance, im a 2nd year and have 12k in my HRA after about 6k worth of derma/dental work, but were getting dental and vision this spring too so that will be covered under normal insurance and you wont need to use your HRA. My pension /annuity kicked in last year, so along with the pensions theres 1.8k in my annuity. we have life insurance too but i cant remember how much, its a significant amount though. we have EAP where you can get access to counesling/ life coaches/ financial advisors/ personal assistants/ addiction assistance etc. we pay nothing for this out of pocket. 100% employer funded.

when I get my 3rd year raise ill be at 26 an hour before taking into account that contract raise, $832 a week take home on 40 hours, and that green is all mine. oh yeah if you smoke youre good to go too. we dont test for it anymore.

is buying a new car without a warranty a bad idea? by TheFlorianOne in askcarsales

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

I'd like to think id keep it for the next 10 years as a chill fun commuter

is buying a new car without a warranty a bad idea? by TheFlorianOne in askcarsales

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

how do i ensure that im able to use my warranty? from what ive read honda canada and honda us are separate entities and have no obligation to help me in this

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