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Viewing profile - babysteps

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babysteps
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Joined: Thu Jun 23, 2011 3:24 pm
Last visited: Tue Feb 26, 2013 11:23 am
Total posts: 87
[0.10% of all posts / 0.05 posts per day]
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Most active forum: Personal Finance
[ 87 Posts / 100.00% of user’s posts ]
Most active topic: Property management - DIY or Outsource?
[ 4 Posts / 4.60% of user’s posts ]

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babysteps Posts

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 Forum: Personal Finance   Topic: Smaller paychecks in 2013?

Posted: Tue Jan 15, 2013 11:54 am 

Replies: 94
Views: 9023


Heck, even with 6.5% being collected from me, I still invested, because I don't want to rely on the government... ...I bet I know what you did with your 2% SS tax holiday. You invested it just like I did. That means we were not part of the stimulus the last couple of years. Investing, being self-su...

 Forum: Personal Finance   Topic: William Bernstein's "The No-Brainer Portfolio"

Posted: Thu Dec 13, 2012 12:58 pm 

Replies: 23
Views: 6962


... From my understanding, rebalancing automatically leads you to buy low (because your allocation in that asset has dropped and you need to replenish) and sell high (for the inverse reason). ... Aside - you can often rebalance without "selling" - just put more of current contributions in...

 Forum: Personal Finance   Topic: Windfall...what to do?

 Post subject: Re: Windfall...what to do?
Posted: Mon Nov 26, 2012 2:53 pm 

Replies: 12
Views: 2103


My thought - ask mom if it's okay to use the money to pay down the 2nd mortgage, abide by her wishes (pay off the student loan if that's what she wants). Whatever you decide, you will be $20,000 better off :) Thanks, mom! Math & calculation asides: Is your 2nd mortgage payment interest only? If ...

 Forum: Personal Finance   Topic: How do you learn to want less?

Posted: Tue Nov 20, 2012 10:36 am 

Replies: 20
Views: 3593


Full disclosure: my mother was a hoarder. I am not but definitely have to be "aware" of stuff to avoid major unwanted clutter (not to mention unwanted spending). The hoarding shows are painful for me to watch but the online board Children of Hoarders helped me a lot. ...it's not like my di...

 Forum: Personal Finance   Topic: Bankrupt or try to 'gut' it out?

Posted: Sat Nov 03, 2012 8:13 am 

Replies: 108
Views: 111408


As someone who has semi-recently been through bankruptcy, I would vote for 'gut it out' in your situation. ***OK. Thank you for the encouragement. Is going through a bankruptcy a total nightmare? Yes, bankruptcy can be a total nightmare. Although I am sure someone has had an 'easy' bankruptcy...we ...

 Forum: Personal Finance   Topic: how do store "debit" cards affect credit?

Posted: Fri Nov 02, 2012 8:51 am 

Replies: 6
Views: 1804


Caveat: we (spouse & I) decided not to get the store debit card, so this is just out of curiosity. Do store "debit" cards act more or less like having a store credit card from a credit score perspective? The question came up when we were making a planned-for, on-sale purchase at Target...

 Forum: Personal Finance   Topic: Bankrupt or try to 'gut' it out?

Posted: Fri Nov 02, 2012 8:39 am 

Replies: 108
Views: 111408


As someone who has semi-recently been through bankruptcy, I would vote for 'gut it out' in your situation. Imo, if you are "just" spending 10% more each month than net income (with half of that covered by income tax refund), I'm guessing you can find some short-term spending cuts and/or so...

 Forum: Personal Finance   Topic: refinance on mortgage

 Post subject: Re: refinance on mortgage
Posted: Fri Oct 26, 2012 10:50 am 

Replies: 6
Views: 1411


So here we sit with 30 yr and about $7000 in costs added into the loan. We don't want to sign and are worried about working with this person anymore. We would at least like to look into a 20yr. Sorry for the lengthly post. Do you have any suggestions? TCstr8 is a professional, check out what he say...

 Forum: Personal Finance   Topic: Fact or Fiction: One Credit Card Earns You No Credit

Posted: Tue Oct 23, 2012 7:58 am 

Replies: 16
Views: 3040


imo, be careful of getting credit "just" to create a credit score. That said, a few thoughts... thought 1: If your financial plan is to remain debt free, your credit score may not matter so much. Employers who check credit want to make sure you're not a bad risk as an employee; if you expl...

 Forum: Personal Finance   Topic: Selling my underwater home, simple question

Posted: Fri Oct 19, 2012 7:11 am 

Replies: 12
Views: 3620


We have been on both the selling and the buying side of short sales (not on the same transaction!), a few thoughts to add: If you are actually that close in terms of value and amount owed, I would do the fix ups and list it for the payoff amount of your mortgage (plus expected commissions paid) and ...

 Forum: Personal Finance   Topic: Getting a car coming out of college

Posted: Fri Oct 12, 2012 6:16 am 

Replies: 20
Views: 3017


If you can, you might want to wait until you see which job you take before buying a car. 2 reasons - 1, you'll have a better idea of how much/what kind of driving you'll be doing (what if you get a job in a city with great public transit? what if your job *comes* with a car? - hey, you can dream) an...

 Forum: Personal Finance   Topic: Rock bottom, now what?

 Post subject: Re: Rock bottom, now what?
Posted: Fri Oct 12, 2012 6:07 am 

Replies: 39
Views: 4619


I purchased this car off the lot new which instantly makes me upside down on this loan. Taking it back to the dealer and eating the difference feels a whole lot like giving 10k away and having nothing to show for it. How long ago did you buy the car? $10k seems like a pretty steep devaluation if it...

 Forum: Personal Finance   Topic: Money or happiness (short term)

Posted: Fri Oct 12, 2012 5:59 am 

Replies: 10
Views: 1729


boorpoy wrote:
Assume no debt and appropriate savings, etc.


Then I'm going for happiness - what would the utility of the 'extra' money be if I'm already financially fit? Assume some debt (especially if could be paid off in the year of non-happiness) or inadequate savings and I might change my mind.

 Forum: Personal Finance   Topic: How do you decide if an expense is a 'want' or a 'need'?

Posted: Fri Oct 12, 2012 5:56 am 

Replies: 17
Views: 2306


Kate1 wrote:
I also have a minimal budget that I would revert to if I lost my job.


Love the minimal reversion budget idea!

Fun drinking game: watch HGTV and take a swig every time someone says "need". warning: use water and take small swigs. even water can be fatal if you drink too much of it ;)
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