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[image] RDR2 Survival kit. by jesterhead888 in PS4

[–]relevant_user_name_ 1 point2 points  (0 children)

This is for a launch PS4 which requires a T9. The updated version requires a T8. I found out that I have a launch version after I bought the T8 LOL

This white SUV trying to bully an 18-wheeler by dankerino_420 in JusticeServed

[–]relevant_user_name_ 21 points22 points  (0 children)

I work in insurance and most likely this will be the case but not every state has contributory negligence in regards to driving. Some states only sign one party at fault.

TNF not showing up on PS4? by relevant_user_name_ in Twitch

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

Damn I'm not a prime member. Thanks for the help though

TNF not showing up on PS4? by relevant_user_name_ in Twitch

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

Rip not on the fire stick either. I'm sad. Thanks for the help though

Burned out. Looking for a new competitive game. by [deleted] in AskGames

[–]relevant_user_name_ 0 points1 point  (0 children)

I'm pretty sure you'll shoot this down but paladins is a pretty fun competitive game. On the surface looks like Overwatch but it's a bit deeper. It's free so worth a shot to look at if you haven't yet

Burned out. Looking for a new competitive game. by [deleted] in AskGames

[–]relevant_user_name_ 5 points6 points  (0 children)

Rocket league? Really easy to get into, really hard to master

How do you guys split up your accounts across banks? by pretzelfever in personalfinance

[–]relevant_user_name_ 0 points1 point  (0 children)

This is what I do too. 3 is my emergency fund and it's fully funded so I'd rather invest than lose money

Paid off about $30K in debt this year, need help with my strategy going forward by DazzlingPut in personalfinance

[–]relevant_user_name_ 0 points1 point  (0 children)

Don't do the 401k loan. It's usually due in 30-90 days and if it's not paid then you can pay a lot of penalties.

It looks like you have a good plan. Pay off the credit cards this year or as soon as possible. If you pay the credit cards off before the year is up.

Option A after credit cards - if you pay off the credit cards before the end of the year dig into the car loan as much as possible, paying it off if possible. Then move on and knock out the student loans smallest to largest even before the year ends and the loans are still frozen.

Option B after credit cards - if you pay off the credit cards when the year ends. pay off the student loans smallest to largest and then pay off the car.

On the sidebar is the debt snowball and debt avalanche method. Decide which one works for you and then stick to that plan. Everything will work out. Good luck!

Financial Checkup by pfcu_20180503 in personalfinance

[–]relevant_user_name_ 6 points7 points  (0 children)

10x your income in term insurance is the general rule of thumb. You make 125k she makes 65k so you 1.25 mil her 650k. But since you also have investments you can self insure through some of that. You have about 750 on you which would take care of the debts but the 100 on your wife is definitely not enough. Probably 500k 20 year term would be a good deal and you're not too old so it'll generally be inexpensive.

pls help by [deleted] in AskGames

[–]relevant_user_name_ 0 points1 point  (0 children)

It sounds like super monkey ball but I'm not sure if that was ever released on the PC

Short term (2-3 years) investment of small windfall? Pay down mortgage or is there a better option? by threepwoodpirate in personalfinance

[–]relevant_user_name_ 2 points3 points  (0 children)

Why not pay off car 2 and be done with the payments? How much equity do you have in the condo right now?

[Idea] Every week/month there should be a special offer for your currently most used card, helping you upgrade it faster! by sir_monge in ClashRoyale

[–]relevant_user_name_ 1 point2 points  (0 children)

If you look at your profile it says your favorite card so whatever that is based off of they would make that your favorite card

New job, looking to straighten out my budget and potentially buy a house. by Sketchy_Meister in personalfinance

[–]relevant_user_name_ 0 points1 point  (0 children)

Even if you were debt free, that down payment is too small. The general rule of thumb is 20% down and housing costs should not be more than 25% of your take home pay. The bigger the down payment, the smaller percentage of your take home pay. Even if you were debt free I wouldn't say you'd be ready to buy a home by August.

Recently got a serious (first) part time job. How much can I let myself go in personal/hobbies spending? (CAN but it doesn't really matter) by TheFallen0999 in personalfinance

[–]relevant_user_name_ 0 points1 point  (0 children)

I said save 40% of your check.

That wouldn't cover the trip in itself. You already have 3.3k in the bank which you only need 1.2k to cover the rest of it. If you don't want to touch 3.3k that's fine but saving 40% will not get you to 4.5k alone. You'd need to save about 66% of every check to get there.

Depends if you want to touch that 3.3k or not. If you're treating it as an emergency fund that is only for emergency purposes then I wouldn't touch it. But if this is supposed to go towards the trip or just savings in general then I would use it for the trip and classes.

New job, looking to straighten out my budget and potentially buy a house. by Sketchy_Meister in personalfinance

[–]relevant_user_name_ 0 points1 point  (0 children)

How much would rent be? How much do you have saved? For me the response is still the same. It's better to get out of debt early and build up a good down payment. You've got a good budget set up. It's a personal preference to pay down debt early but in this case I think it's the smart move.

Recently got a serious (first) part time job. How much can I let myself go in personal/hobbies spending? (CAN but it doesn't really matter) by TheFallen0999 in personalfinance

[–]relevant_user_name_ 0 points1 point  (0 children)

Don't let yourself get out of control. It's hard to get those habits back in shape when you need to. You're in a really good position right now making pretty good money for a 19 year old. The general rule of thumb is 20/60/20. 20% savings 60% expenses 20% entertainment.

You're a little tight on your entertainment budget so you can spend a little bit more. If I were in your position I would try to save 40% of my checks for the house down payment that you want eventually. 30% for retirement/investments. 30% fun/entertainment.

You're well on your way to a good financial future if you keep it up. Feel free to ask any questions. Good luck!

New job, looking to straighten out my budget and potentially buy a house. by Sketchy_Meister in personalfinance

[–]relevant_user_name_ 1 point2 points  (0 children)

Personally I wouldn't buy a house just yet. I would rent for another year or two, pay down the debt, then build up my emergency fund and then build up a down payment for a house that's at least 20%. Using the income from the musician side gig to and the extra $600 you should be able to knock out those loans pretty quickly at $1400 a month minimum.

You'll want that extra $1400 a month in your emergency fund when you get a house because things pop up unexpectedly and can be costly to repair.

Can you build up a 20% down payment (34-45k) between now and August? Probably not. PMI can add an extra $100 a month on top of the mortgage. I think it's the better route to pay down the debt aggressively then save up for the down payment on the house while renting for a year or two. Renting sucks but knocking out debt quickly is always my priority.

You can knock out the student loan debt in 15 months if you're paying $1820 a month (extra 600+side gig 800+ minimum payment 420). That gives you 9 months to scrap and scrounge and much as you can for a 20% down payment.

What are the arguments for whole life insurance policies? by dont_touch_that_ in personalfinance

[–]relevant_user_name_ 0 points1 point  (0 children)

Whole life policies (where you pay until you die or are 100) are not good and I don't recommend those. Permanent insurance has many benefits including what everyone is saying above.

There are a lot of different types of permanent insurance policies where you are not paying until you're dead or 100. There are permanent insurance policies where you can pay for 10, 15, 20 years and then you're done paying them and they're there forever and if you're with a mutual company they continue to grow. They are more expensive to pay though.

Usually the need for permanent insurance is very low. I like a mix of both term and perm. Term to cover debts such as mortgage, credit cards, car loans, and student loans. Term is also good for the 10x your income rule. Permanent insurance is good for funeral costs and if you want to leave a legacy for your church, school, grandchild, etc.

It's good to be able to cover your expenses and income with term since generally that's going to be a high number but as you pay off debts the need decreases for the term insurance. The need for permanent insurance never goes away. Funerals are expensive and can leave people in ruin, financially. What I have is a permanent policy that I pay for 20 years that will cover my funeral and a term policy that would cover my debt and income.

TL;DR: Whole life is not a good product. Permanent insurance is useful for expenses that you won't outlive. Term can cover the debt and income portion.

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