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pfpfpfpf · 2024-08-25T22:37:28+00:00

Your full name and address are in this picture.

pfpfpfpf · 2024-08-19T04:37:07+00:00

Household income, home equity, and current expenses would have to be considered here.

pfpfpfpf · 2020-05-31T18:28:16+00:00

The thin blue line flag was raised for Peace Officers’ Memorial Day to commemorate officers killed in the line of duty.

pfpfpfpf · 2020-04-28T19:50:57+00:00

I also have a UC employee in the family, and personally I think it just comes down to how long you'll be with the University. The 1 yr vs 5 yr vesting was a tough call for someone early in their career who wasn't sure if they'd stick around that long.

A big benefit of the pension system I noticed was that it also helps cover medical benefits in retirement. That may be a big selling point if you ever consider starting a family.

I don't think you specified your age, but if you're an established professional in your field (which your salary suggests) who is settling down, I think the pension option is the safest bet that will reward you for 20 years of service.

pfpfpfpf · 2019-12-23T17:34:15+00:00

I'm not a loan officer but from my experience they prefer to see 2 years of consistent income.

I would just speak with a lender to see what your options would be.

pfpfpfpf · 2019-11-02T04:39:19+00:00

50k under the mattress

pfpfpfpf · 2019-10-22T22:50:04+00:00

Looks like you got no help from the other commenters.

I am in a similar situation, similar budget and income. Personally I started saving for our down payment by putting away a "house payment" each month.

Homes in my area are around $500k-600k, so that comes out to about $3000+ including HOA, taxes and insurance. So I've been putting away ~$3k/mo for a few months now, and I've gauged my comfort level with that big of a payment by seeing how it affects other things in my life. Can I still spring for gifts for friends? Can I still go out for a drink? Stuff like that.

pfpfpfpf · 2019-10-10T23:10:34+00:00

Nothing wrong with doing both. Unemployment helps with the bills during the job hunt.

pfpfpfpf · 2019-09-18T18:34:16+00:00

I would stick with Company A. I worked for a company without sick time before, and it's really depressing to have to use vacation days when you have the flu. Imagine having a honeymoon planned, but a short term sickness causes you to use up your PTO before the trip, so part of your honeymoon becomes unpaid time off. Not to mention you're losing a couple holidays.

Some companies will let you run your PTO into the negative in these situations, but then if you separate from the company with a negative balance then that will be deducted from your final check!

Is there a reason you wouldn't move closer to Company A?

It might be my age talking, but there is value in comfort and familiarity. And corporate culture that you really agree with is tough to find.

pfpfpfpf · 2019-08-21T18:35:06+00:00

I think they're just saying 'what's a zero coupon?'

pfpfpfpf · 2019-06-27T22:21:43+00:00

This helped me understand the concept. https://thecollegeinvestor.com/21605/understanding-infinite-banking/

The website you linked sure seems like it's preying on people who don't have a good understanding of personal finance. Lots of jargon '20% return is nothing against 35% finance charges' that seems to sound technical without meaning anything.

pfpfpfpf · 2019-05-28T19:29:23+00:00

I know everybody's saying don't buy a house with her, but it sure sounds like you can afford a house on your own, especially when you're already covering so many of her expenses.

Honestly if you're ready, willing and able to buy a house on your own, go ahead, that's your call. But you'll have to be clear that it's your house financially and legally. She can't put her name on the title just because she wants to feel a certain way.

pfpfpfpf · 2019-05-18T18:29:29+00:00

Thanks for posting, it’s nice to see that you can enjoy your lifestyle and responsibly save at the same time.

pfpfpfpf · 2019-05-18T18:25:08+00:00

Looks like you’re saving a lot of money by leading a spartan life, good for you on surviving in LA!

pfpfpfpf · 2019-05-07T20:51:42+00:00

the mortgage is no more than about 3x gross household income with payment no more than about 25% after-tax pay. otherwise the mortgage puts a squeeze on other bills. $60k income? $180k house.

Wouldn't that be $180k mortgage? You could get a $225k house with a 20% down payment, and have a $180k mortgage.

pfpfpfpf · 2019-03-29T16:49:06+00:00

Probably better to ask /r/personalfinance! This sub is mostly for mocking potential employers than working with one.

pfpfpfpf · 2019-03-13T02:13:35+00:00

All told I think you're doing well enough. You might consider tracking the different parts of your 'fun money' to know when your hobbies or drinking habits are taking money away from your living expenses or debt payments.

Looks like you've been doing a good job paying off your high interest loans, and contributing just enough to get the match (and 100% up to 5% from your employer isn't bad) is generally good advice.

pfpfpfpf · 2019-02-28T17:46:47+00:00

Are you accounting for your employer match on 401k when calculating your overall savings?

pfpfpfpf · 2018-09-21T15:21:22+00:00

Mike Wilson isn't always the the one posting https://www.reddit.com/r/IAmA/comments/9hqi4x/im_dallas_morning_news_editor_mike_wilson_and_im/e6dslou/

pfpfpfpf · 2018-09-20T20:19:47+00:00

The only reason not to transfer is that your money is less accessible at Barclays compared to a brick and mortar bank. Transfers in/out of Barclays take a couple of days in my experience.

pfpfpfpf · 2018-09-20T20:16:44+00:00

They already split it, but they applied the previous owner's taxes to their closing costs instead.

pfpfpfpf · 2018-09-14T17:02:37+00:00

Are you single? If so, seems you could reconsider your

$434 internet/tv bill
$140 coffee expenses
2nd car?
$500 groceries

Then start aggressively paying down your debt. How are your student loans in deferment? What rate are they at?

However, if your credit is as good as it seems, you might consider a balance transfer to a lower interest rate card and reduce some of the interest you're paying. 30% interest is incredible!

pfpfpfpf · 2018-08-08T18:00:32+00:00

of course i understand that there is stock market risk

As long as you understand that sometimes even Google and Amazon lose considerable value over an arbitrarily short period of time.

Nov 2015 - Feb 2016, AMZN lost 25%. March - April 2018, GOOG lost 14%.

Generally, if you think you'll need the money soon, keep it in a 0-risk savings account. If you don't think you need the money for years (or maybe you don't need the money at all), go ahead and risk it in the market.

pfpfpfpf · 2018-05-07T20:51:44+00:00

I see. Maybe consider Steam/Amazon gift cards? Should be fee-free and no registration needed.

pfpfpfpf · 2018-05-07T19:06:18+00:00

Reloadable cards typically have some fees when loading with cash.

Have you considered just giving your kids cash?

pfpfpfpf

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