Author Topic: Mustachian People Problems (just for fun)  (Read 869677 times)

UnleashHell

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Re: Mustachian People Problems (just for fun)
« Reply #1050 on: March 02, 2015, 02:59:36 PM »
Car breaks down and its really bad because it takes a few hours of my time to arrange to get it to the shop and get repaired. The cost – well…its in the budget…

Bigger problem… I have to seriously sit down and work out how much to reduce my 401k contribution by. Bonus was way bigger than expected and leaving the rate the same will put me over the 18k for the year. Set it and forget it huh??

May have to bump the wifes 401k up further…
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2ndTimer

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Re: Mustachian People Problems (just for fun)
« Reply #1051 on: March 02, 2015, 03:00:50 PM »
Too much money accumulating in checking account.  Must find place for it.

gillstone

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Re: Mustachian People Problems (just for fun)
« Reply #1052 on: March 06, 2015, 03:18:17 PM »
I started biking everywhere so now I need to buy fuel stabilizer for my car since it only gets driven one every few months.

2ndTimer

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Re: Mustachian People Problems (just for fun)
« Reply #1053 on: March 06, 2015, 03:28:34 PM »
What to do with all the lettuce the produce guy gave me instead of throwing it out.  We have eaten a lot of salads this week and I gave some away.  Did you know that there are people who aren't thrilled when you show up at their door with a head of lettuce and say, "I got this from the grocery store free because they were going to throw it out."

johnny847

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Re: Mustachian People Problems (just for fun)
« Reply #1054 on: March 06, 2015, 04:14:59 PM »
I started biking everywhere so now I need to buy fuel stabilizer for my car since it only gets driven one every few months.

I didn't know such a thing existed. Looks like I should probably get some!

Hadilly

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Re: Mustachian People Problems (just for fun)
« Reply #1055 on: March 07, 2015, 01:05:48 PM »
Feeling very decadent because I am using the dryer the next few weeks until all the pollen stops blowing around.

startbyservingothers

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Re: Mustachian People Problems (just for fun)
« Reply #1056 on: March 07, 2015, 07:22:04 PM »
I want to remortgage my house to take advantage of the super low interest rates, but my balance is so small no place will even consider it, and for the ones that will consider it the closing fees dwarf any potential savings so I am stuck with my 5.5% mortgage until it's paid off.  (loan balance is $42k)

I also want to remortgage my wife's house but it has the same problem (5.25% on $48 loan).

Have you looked into Home Equity Loans or Adjustable Rate Mortgages at credit unions? 

Home Equity Loans:  In recent times, 5 year term can sometimes be had close to 3%.  Even 10-15 year terms can beat your rate by over a percent.  HELs typically charge minimal closing costs.  Assuming your income supports the payment, you can finance the entire balance to the loan. 

Adjustable Rate Mortgages:  These rightfully receive a lot of criticism as many people didn't understand the risk involved with these.   Many times these offer no closing costs.  If you have a sure plan pay off in 5-10 years some of these can save a lot of money over higher rates.


Penfed sometimes runs no closing cost specials but I don't believe they are currently.   The 5/5 loan gives you 5-10 can be a years to pay at a really great rate.  (Easy to qualify for since the amortization is based on 30 years.  -  I.e. they expect you to pay the minimum and have to pay higher interest later in the loan.)  No one knows for sure what rates will do, but I always assume the worst.   I would get this planning to have paid off within 5 years, and 10 years at the most.
Penfed also tends to have good Home Equity Loan rates.  - Last I knew, anyone can join Penfed by making a donation.

- Check any local credit unions that may be running specials.


I started biking everywhere so now I need to buy fuel stabilizer for my car since it only gets driven one every few months.

I didn't know such a thing existed. Looks like I should probably get some!

Yep,  some vehicles are more sensitive than others.  I have a 500cc corroborated motorcycle and it ran like crap after being parked for a couple months.  (I ended up putting the gas in my car which ran fine.  A bad idea, but I didn't care at the time.  - A few cents worth of stabilizer will save you a lot of work / repair bills)

Fuel stabilizer is much better deal when bought in larger quantities.  If you know someone around that has lots of toys like motorcycles, boats, etc.  you might ask to buy a small portion from them or split some.  If you are consistently leaving your car parked, and / or aren't worried about taking up the extra space, a liter bottle should last you a number of years.

« Last Edit: March 08, 2015, 08:13:20 PM by startbyservingothers »
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MikeBear

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Re: Mustachian People Problems (just for fun)
« Reply #1057 on: March 07, 2015, 08:08:45 PM »
I want to remortgage my house to take advantage of the super low interest rates, but my balance is so small no place will even consider it, and for the ones that will consider it the closing fees dwarf any potential savings so I am stuck with my 5.5% mortgage until it's paid off.  (loan balance is $42k)

I also want to remortgage my wife's house but it has the same problem (5.25% on $48 loan).

I'm confused? Why don't you simply pay more per month on the principal, and in effect lower your interest rate yourself and years to payoff? I've done it on more than one house over the years, and it works out fine.

Here's my favorite mortgage calculator. Play with the different fields with changing the numbers, and see what YOU can do for yourself! Make sure you check the box to create an amortization schedule each time you want to see how easy it is.

http://bretwhissel.net/amortization/

merula

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Re: Mustachian People Problems (just for fun)
« Reply #1058 on: March 08, 2015, 02:09:38 PM »
Most recent problem: I didn't get to buy gas when it was under $2/gal, because I didn't fill up in that time. Now I'll probably never get that opportunity again!

Hedge_87

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Re: Mustachian People Problems (just for fun)
« Reply #1059 on: March 08, 2015, 06:49:32 PM »
Most recent problem: I didn't get to buy gas when it was under $2/gal, because I didn't fill up in that time. Now I'll probably never get that opportunity again!
Lol I would be in the same boat! However we took the pickup to haul some brush off and noticed it was at 1/4 tank. So I stopped at topped it off at 1.98
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bzzzt

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Re: Mustachian People Problems (just for fun)
« Reply #1060 on: March 08, 2015, 07:58:37 PM »
Most recent problem: I didn't get to buy gas when it was under $2/gal, because I didn't fill up in that time. Now I'll probably never get that opportunity again!

Ditto, except $2.49/gal diesel. The truck has been on the same tank since the second week of November. I put 100 miles on it yesterday and finally broke under 1/2 tank. Warmer weather will be here soon though. Gearing up with gift cards so every tank is like 5% off.

1967mama

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Re: Mustachian People Problems (just for fun)
« Reply #1061 on: March 08, 2015, 08:40:34 PM »
Was too busy cooking from scratch this week and hanging laundry to get to all the books I had brought home from the library.

Timmmy

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Re: Mustachian People Problems (just for fun)
« Reply #1062 on: March 09, 2015, 09:10:19 AM »
I want to remortgage my house to take advantage of the super low interest rates, but my balance is so small no place will even consider it, and for the ones that will consider it the closing fees dwarf any potential savings so I am stuck with my 5.5% mortgage until it's paid off.  (loan balance is $42k)

I also want to remortgage my wife's house but it has the same problem (5.25% on $48 loan).

I'm confused? Why don't you simply pay more per month on the principal, and in effect lower your interest rate yourself and years to payoff? I've done it on more than one house over the years, and it works out fine.

Here's my favorite mortgage calculator. Play with the different fields with changing the numbers, and see what YOU can do for yourself! Make sure you check the box to create an amortization schedule each time you want to see how easy it is.

http://bretwhissel.net/amortization/

Paying more per month does nothing to change the interest rate.  It will reduce the amount of interest you pay in the long run but so will reducing your interest rate AND paying more per month.

I'm in the same boat as Nacho.  All the loans I've looked at have high fees because of the small balance.  Most of the offers that have little to no fees don't apply to loans with a small balance. 

johnny847

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Re: Mustachian People Problems (just for fun)
« Reply #1063 on: March 09, 2015, 10:00:47 AM »
I bought these cycling gloves that are allegedly great for cold weather. However, the 10 day forecast has the lowest temperature at 43 degrees so I can't test them out for the 30 degree weather that I intended to use these in =(

frugalnacho

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Re: Mustachian People Problems (just for fun)
« Reply #1064 on: March 09, 2015, 11:22:39 AM »
I want to remortgage my house to take advantage of the super low interest rates, but my balance is so small no place will even consider it, and for the ones that will consider it the closing fees dwarf any potential savings so I am stuck with my 5.5% mortgage until it's paid off.  (loan balance is $42k)

I also want to remortgage my wife's house but it has the same problem (5.25% on $48 loan).

I'm confused? Why don't you simply pay more per month on the principal, and in effect lower your interest rate yourself and years to payoff? I've done it on more than one house over the years, and it works out fine.

Here's my favorite mortgage calculator. Play with the different fields with changing the numbers, and see what YOU can do for yourself! Make sure you check the box to create an amortization schedule each time you want to see how easy it is.

http://bretwhissel.net/amortization/

Paying more doesn't lower the interest rate, just the total amount of interest over the life of the loan.  Ideally I would like to remortgage to a lower rate AND pay it off at an accelerated rate (i'm on pace to pay mine off in 7 years, I also anticipate freeing up enough money by that point that the wife's house will be paid off shortly thereafter). 

No matter how frantically I pay it off now I am still getting dinged for 5.5% on my total outstanding balance.

MikeBear

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Re: Mustachian People Problems (just for fun)
« Reply #1065 on: March 09, 2015, 02:39:18 PM »
I want to remortgage my house to take advantage of the super low interest rates, but my balance is so small no place will even consider it, and for the ones that will consider it the closing fees dwarf any potential savings so I am stuck with my 5.5% mortgage until it's paid off.  (loan balance is $42k)

I also want to remortgage my wife's house but it has the same problem (5.25% on $48 loan).

I'm confused? Why don't you simply pay more per month on the principal, and in effect lower your interest rate yourself and years to payoff? I've done it on more than one house over the years, and it works out fine.

Here's my favorite mortgage calculator. Play with the different fields with changing the numbers, and see what YOU can do for yourself! Make sure you check the box to create an amortization schedule each time you want to see how easy it is.

http://bretwhissel.net/amortization/

Paying more doesn't lower the interest rate, just the total amount of interest over the life of the loan.  Ideally I would like to remortgage to a lower rate AND pay it off at an accelerated rate (i'm on pace to pay mine off in 7 years, I also anticipate freeing up enough money by that point that the wife's house will be paid off shortly thereafter). 

No matter how frantically I pay it off now I am still getting dinged for 5.5% on my total outstanding balance.

But if you accelerate the payoff date, you negate the higher interest rate by years, (since your outstanding balance goes down quickly) and end up better off. All without paying $2 - $5k extra in closing costs.

Since you can't refinance right now, the best thing under your control is to make the largest monthly payments you can, and pay it off quickly.

frugalnacho

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Re: Mustachian People Problems (just for fun)
« Reply #1066 on: March 09, 2015, 02:48:21 PM »
I want to remortgage my house to take advantage of the super low interest rates, but my balance is so small no place will even consider it, and for the ones that will consider it the closing fees dwarf any potential savings so I am stuck with my 5.5% mortgage until it's paid off.  (loan balance is $42k)

I also want to remortgage my wife's house but it has the same problem (5.25% on $48 loan).

I'm confused? Why don't you simply pay more per month on the principal, and in effect lower your interest rate yourself and years to payoff? I've done it on more than one house over the years, and it works out fine.

Here's my favorite mortgage calculator. Play with the different fields with changing the numbers, and see what YOU can do for yourself! Make sure you check the box to create an amortization schedule each time you want to see how easy it is.

http://bretwhissel.net/amortization/

Paying more doesn't lower the interest rate, just the total amount of interest over the life of the loan.  Ideally I would like to remortgage to a lower rate AND pay it off at an accelerated rate (i'm on pace to pay mine off in 7 years, I also anticipate freeing up enough money by that point that the wife's house will be paid off shortly thereafter). 

No matter how frantically I pay it off now I am still getting dinged for 5.5% on my total outstanding balance.

But if you accelerate the payoff date, you negate the higher interest rate by years, (since your outstanding balance goes down quickly) and end up better off. All without paying $2 - $5k extra in closing costs.

Since you can't refinance right now, the best thing under your control is to make the largest monthly payments you can, and pay it off quickly.

Hence #mustachian people problems

iknowiyam

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Re: Mustachian People Problems (just for fun)
« Reply #1067 on: March 09, 2015, 04:23:01 PM »
Was too busy cooking from scratch this week and hanging laundry to get to all the books I had brought home from the library.

I have this problem, too! Hard to get through a book when I have a grocery budget to manage!
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startbyservingothers

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Re: Mustachian People Problems (just for fun)
« Reply #1068 on: March 10, 2015, 08:50:02 AM »
I type mmm in Google and get confused when some company named 3m is the top result. 

I want to retire early, not learn who created post it notes!
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johnny847

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Re: Mustachian People Problems (just for fun)
« Reply #1069 on: March 10, 2015, 08:53:21 AM »
I type mmm in Google and get confused when some company named 3m is the top result. 

I want to retire early, not learn who created post it notes!

That just means we haven't generated enough traffic to MMMs site. So convert more of your friends to Mustachianism!

cashstasherat23

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Re: Mustachian People Problems (just for fun)
« Reply #1070 on: March 10, 2015, 09:22:29 AM »
Did my taxes and was simultaneously happy that I was only getting about $250 back because I haven't been given the gov't a large interest free loan, but also sad because I was hoping that I would get a bit more back and could have the satisfaction of paying off another student loan in a big chunk.

I guess this just means that I have been putting more money towards the loans all year, instead of one big chunk, but it is nice to make those big payments!

PencilThinStash

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Re: Mustachian People Problems (just for fun)
« Reply #1071 on: March 10, 2015, 09:50:04 AM »
Pre-FIRE mustachian problem: You get annoyed when the stock market goes up, because it means you can't buy as many shares of VTSAX.

*praying for a crash soon*

Pooperman

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Re: Mustachian People Problems (just for fun)
« Reply #1072 on: March 10, 2015, 10:20:03 AM »
Pre-FIRE mustachian problem: You get annoyed when the stock market goes up, because it means you can't buy as many shares of VTSAX.

*praying for a crash soon*

Let's start a thread on when we (as a finance community) guess when the next crash will be. My guess: 1-3 years

Cookie78

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Re: Mustachian People Problems (just for fun)
« Reply #1073 on: March 10, 2015, 10:31:48 AM »
Pre-FIRE mustachian problem: You get annoyed when the stock market goes up, because it means you can't buy as many shares of VTSAX.

*praying for a crash soon*

Let's start a thread on when we (as a finance community) guess when the next crash will be. My guess: 1-3 years

I'd like that to happen in between the time that I sell my rental property and the time that I have the proceeds available to buy more Index Funds please and thank you very much.

frugalnacho

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Re: Mustachian People Problems (just for fun)
« Reply #1074 on: March 10, 2015, 10:36:34 AM »
You better sell then! The next crash is right around the corner...

powersuitrecall

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Re: Mustachian People Problems (just for fun)
« Reply #1075 on: March 10, 2015, 10:37:54 AM »
I want to remortgage my house to take advantage of the super low interest rates, but my balance is so small no place will even consider it, and for the ones that will consider it the closing fees dwarf any potential savings so I am stuck with my 5.5% mortgage until it's paid off.  (loan balance is $42k)

I also want to remortgage my wife's house but it has the same problem (5.25% on $48 loan).

I'm confused? Why don't you simply pay more per month on the principal, and in effect lower your interest rate yourself and years to payoff? I've done it on more than one house over the years, and it works out fine.

Here's my favorite mortgage calculator. Play with the different fields with changing the numbers, and see what YOU can do for yourself! Make sure you check the box to create an amortization schedule each time you want to see how easy it is.

http://bretwhissel.net/amortization/

Paying more doesn't lower the interest rate, just the total amount of interest over the life of the loan.  Ideally I would like to remortgage to a lower rate AND pay it off at an accelerated rate (i'm on pace to pay mine off in 7 years, I also anticipate freeing up enough money by that point that the wife's house will be paid off shortly thereafter). 

No matter how frantically I pay it off now I am still getting dinged for 5.5% on my total outstanding balance.

But if you accelerate the payoff date, you negate the higher interest rate by years, (since your outstanding balance goes down quickly) and end up better off. All without paying $2 - $5k extra in closing costs.

Since you can't refinance right now, the best thing under your control is to make the largest monthly payments you can, and pay it off quickly.

Hence #mustachian people problems

I just went through something similar to this, frugalnacho - http://forum.mrmoneymustache.com/ask-a-mustachian/canada-low-balance-mortgage-renewal-lenders-won't-deal-through-mortgage-brok/

TLDR: I wanted to renew my mortgage with a broker, but my balance was so low that the bank wouldn't touch the renewal through him unless he added a HELOC.  I had to negotiate directly with a bank to get an awesome rate :'(

Pooperman

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Re: Mustachian People Problems (just for fun)
« Reply #1076 on: March 10, 2015, 10:39:19 AM »
You better sell then! The next crash is right around the corner...

Sell? Never! Every day is a good day to buy!

frugalnacho

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Re: Mustachian People Problems (just for fun)
« Reply #1077 on: March 10, 2015, 10:40:29 AM »
You better sell then! The next crash is right around the corner...

Sell? Never! Every day is a good day to buy!

I was talking about cookies rental property that she wants to sell.

Pooperman

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Re: Mustachian People Problems (just for fun)
« Reply #1078 on: March 10, 2015, 10:45:07 AM »
Sometimes, quoting is a great way to reference what you are talking about.

Cookie78

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Re: Mustachian People Problems (just for fun)
« Reply #1079 on: March 10, 2015, 10:51:52 AM »
You better sell then! The next crash is right around the corner...

Sell? Never! Every day is a good day to buy!

I was talking about cookies rental property that she wants to sell.

Sooooooon I hope! :)

frugalnacho

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Re: Mustachian People Problems (just for fun)
« Reply #1080 on: March 10, 2015, 10:52:05 AM »
Sometimes, quoting is a great way to reference what you are talking about.

I didn't think it was necessary since my post followed hers.  I thought the context would make sense.

LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #1081 on: March 11, 2015, 08:28:31 AM »
Pre-FIRE mustachian problem: You get annoyed when the stock market goes up, because it means you can't buy as many shares of VTSAX.

*praying for a crash soon*

Let's start a thread on when we (as a finance community) guess when the next crash will be. My guess: 1-3 years

My guess was about in a month ^^ (talking germany here, not USA). But that was a while ago and now even more money is put into the banks. So it seems it will go on another year, or even longer. As long as the dividend return is more then double the the rate you get at banks for 5-year, more money will be put into stocks. Not to talk about german bonds, the 5 year rate is still negative I think.

I give the US about a year longer then germany/europe.

But we all know stock crashes are when nobody expects them, its a must-condition ;)

Looking at the graph its definitely around now, both in time and price high. So if it takes even longer, then the crash will be bigger.

Pooperman

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Re: Mustachian People Problems (just for fun)
« Reply #1082 on: March 11, 2015, 09:18:38 AM »
Pre-FIRE mustachian problem: You get annoyed when the stock market goes up, because it means you can't buy as many shares of VTSAX.

*praying for a crash soon*

Let's start a thread on when we (as a finance community) guess when the next crash will be. My guess: 1-3 years

My guess was about in a month ^^ (talking germany here, not USA). But that was a while ago and now even more money is put into the banks. So it seems it will go on another year, or even longer. As long as the dividend return is more then double the the rate you get at banks for 5-year, more money will be put into stocks. Not to talk about german bonds, the 5 year rate is still negative I think.

I give the US about a year longer then germany/europe.

But we all know stock crashes are when nobody expects them, its a must-condition ;)

Looking at the graph its definitely around now, both in time and price high. So if it takes even longer, then the crash will be bigger.

If the market declines 3 months in a row, you've got a pretty good (like 80%) chance of having a crash within a year.I just finished doing a lot of data stuff on this in the past couple of weeks, and that is what stuck out. Basically, the market declines slowly, then some event triggers people to realize things aren't doing too well and the actual big event happens, followed by some more decline then recovery. I haven't seen anything that tells me 2015 will be the year (in the US), but I'll make sure to make a post if something seems amiss. I honestly don't care about the daily market fluctuations, and my strategy won't really change when the market crashes.

Mesmoiselle

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Re: Mustachian People Problems (just for fun)
« Reply #1083 on: March 11, 2015, 11:47:40 AM »
I'm $100 away from the minimum spend amount of the Chase Sapphire card. I'm going to let my MIL and Hubby finish it off with a series of small purchases over the next month. BUT I don't have my next churn card yet and had to use a regular old card with no sign on bonus to pay for my hotel tonight. WAH WAH

Neither my boyfriend or my husband have enough credit history to churn cards with me*. How am I going to keep my churning hobby going? WAH WAH

*Essentially, they'd get the cards, but I do most of the purchasing for the household, so I would get an authorized user card and get the minimum spends churned along.
I'm a travel Ultrasound Technician. And if I don't manage to burn out, I can FI in 5 years. I am DROWNING IN LUXURY. Learning to swim instead of drown.

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #1084 on: March 11, 2015, 12:07:34 PM »
I'm $100 away from the minimum spend amount of the Chase Sapphire card. I'm going to let my MIL and Hubby finish it off with a series of small purchases over the next month. BUT I don't have my next churn card yet and had to use a regular old card with no sign on bonus to pay for my hotel tonight. WAH WAH

Neither my boyfriend or my husband have enough credit history to churn cards with me*. How am I going to keep my churning hobby going? WAH WAH

*Essentially, they'd get the cards, but I do most of the purchasing for the household, so I would get an authorized user card and get the minimum spends churned along.

Does anyone else in your harem have good credit?

FiguringItOut

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Re: Mustachian People Problems (just for fun)
« Reply #1085 on: March 11, 2015, 12:31:25 PM »
I'm $100 away from the minimum spend amount of the Chase Sapphire card. I'm going to let my MIL and Hubby finish it off with a series of small purchases over the next month. BUT I don't have my next churn card yet and had to use a regular old card with no sign on bonus to pay for my hotel tonight. WAH WAH

Neither my boyfriend or my husband have enough credit history to churn cards with me*. How am I going to keep my churning hobby going? WAH WAH

*Essentially, they'd get the cards, but I do most of the purchasing for the household, so I would get an authorized user card and get the minimum spends churned along.

Does anyone else in your harem have good credit?

dragoncar, I can't tell if your question was sarcastic or just funny, but just wanted to pipe in here to say that 3-person (or more) families/relationships are a lot more common than people who are not in them tend to think.  It is just that people in those relationships do not usually advertise that fact for fear of being judged or ostracized. 

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #1086 on: March 11, 2015, 01:58:07 PM »
I'm $100 away from the minimum spend amount of the Chase Sapphire card. I'm going to let my MIL and Hubby finish it off with a series of small purchases over the next month. BUT I don't have my next churn card yet and had to use a regular old card with no sign on bonus to pay for my hotel tonight. WAH WAH

Neither my boyfriend or my husband have enough credit history to churn cards with me*. How am I going to keep my churning hobby going? WAH WAH

*Essentially, they'd get the cards, but I do most of the purchasing for the household, so I would get an authorized user card and get the minimum spends churned along.

Does anyone else in your harem have good credit?

dragoncar, I can't tell if your question was sarcastic or just funny, but just wanted to pipe in here to say that 3-person (or more) families/relationships are a lot more common than people who are not in them tend to think.  It is just that people in those relationships do not usually advertise that fact for fear of being judged or ostracized.

Same reason I don't usually advertise the fact that I'm dragonkin

frugalnacho

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Re: Mustachian People Problems (just for fun)
« Reply #1087 on: March 11, 2015, 02:13:06 PM »
Same reason I don't usually advertise the fact that I'm dragonkin

https://www.youtube.com/watch?v=4z9TdDCWN7g

Sunnymo

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Re: Mustachian People Problems (just for fun)
« Reply #1088 on: March 11, 2015, 04:08:20 PM »
I'm not spending my modest personal allowance quickly enough because there is nothing I want or need badly enough to actually buy. I keep having to adjust my forward cashflow spreadsheet to send more money towards housing loans, share buying and rainy day savings.

Can't decide if I should adjust my allowance down permanently or just keep making the adjustments and divert the extra when it shows up.

johnny847

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Re: Mustachian People Problems (just for fun)
« Reply #1089 on: March 11, 2015, 04:30:33 PM »
I'm not spending my modest personal allowance quickly enough because there is nothing I want or need badly enough to actually buy. I keep having to adjust my forward cashflow spreadsheet to send more money towards housing loans, share buying and rainy day savings.

Can't decide if I should adjust my allowance down permanently or just keep making the adjustments and divert the extra when it shows up.

Honestly I'd just get rid of the allowance. It sounds like you know whether you're spending according to your values or not. MMM doesn't have an explicit budget either.

Sunnymo

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Re: Mustachian People Problems (just for fun)
« Reply #1090 on: March 11, 2015, 08:24:18 PM »
I'm not spending my modest personal allowance quickly enough because there is nothing I want or need badly enough to actually buy. I keep having to adjust my forward cashflow spreadsheet to send more money towards housing loans, share buying and rainy day savings.

Can't decide if I should adjust my allowance down permanently or just keep making the adjustments and divert the extra when it shows up.

Honestly I'd just get rid of the allowance. It sounds like you know whether you're spending according to your values or not. MMM doesn't have an explicit budget either.

johnny, I am a non working spouse and would prefer to respect my husband's generosity and manage my part of the finances by setting limits. I have only noticed this phenomenon in the past six months (maybe the MMM influence or I am at the stage where I have everything I need apart from replacements). I will be more likely to go with one of my options rather than killing the allowance altogether. Also I prefer the structure and transparency of my current system.

Maybe I'll get there one day.

johnny847

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Re: Mustachian People Problems (just for fun)
« Reply #1091 on: March 11, 2015, 09:03:37 PM »
I'm not spending my modest personal allowance quickly enough because there is nothing I want or need badly enough to actually buy. I keep having to adjust my forward cashflow spreadsheet to send more money towards housing loans, share buying and rainy day savings.

Can't decide if I should adjust my allowance down permanently or just keep making the adjustments and divert the extra when it shows up.

Honestly I'd just get rid of the allowance. It sounds like you know whether you're spending according to your values or not. MMM doesn't have an explicit budget either.

johnny, I am a non working spouse and would prefer to respect my husband's generosity and manage my part of the finances by setting limits. I have only noticed this phenomenon in the past six months (maybe the MMM influence or I am at the stage where I have everything I need apart from replacements). I will be more likely to go with one of my options rather than killing the allowance altogether. Also I prefer the structure and transparency of my current system.

Maybe I'll get there one day.

Ah sorry I didn't realize that's what you meant by allowance. I was drawing from my own experiences as a single person where when I had a budget, after a couple months I found the budget was counterproductive because I said oh I have $X left in category Y, so I'll just spend it on Z even though I didn't actually need Z at all.

Megma

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Re: Mustachian People Problems (just for fun)
« Reply #1092 on: March 11, 2015, 09:45:05 PM »
I've had a $20 gift card to target for at least 3 months and it still has money on it, I think around $8 but I have nothing I want to buy there...it was free from my credit card rewards. I suppose I could buy groceries but Aldi is across the street and food is cheaper there....
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Sibley

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Re: Mustachian People Problems (just for fun)
« Reply #1093 on: March 12, 2015, 07:40:15 AM »
I've had a $20 gift card to target for at least 3 months and it still has money on it, I think around $8 but I have nothing I want to buy there...it was free from my credit card rewards. I suppose I could buy groceries but Aldi is across the street and food is cheaper there....

Buy a spatula for the kitchen. You can never have too many.

Mesmoiselle

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Re: Mustachian People Problems (just for fun)
« Reply #1094 on: March 12, 2015, 08:27:09 AM »
I'm $100 away from the minimum spend amount of the Chase Sapphire card. I'm going to let my MIL and Hubby finish it off with a series of small purchases over the next month. BUT I don't have my next churn card yet and had to use a regular old card with no sign on bonus to pay for my hotel tonight. WAH WAH

Neither my boyfriend or my husband have enough credit history to churn cards with me*. How am I going to keep my churning hobby going? WAH WAH

*Essentially, they'd get the cards, but I do most of the purchasing for the household, so I would get an authorized user card and get the minimum spends churned along.

Does anyone else in your harem have good credit?

dragoncar, I can't tell if your question was sarcastic or just funny, but just wanted to pipe in here to say that 3-person (or more) families/relationships are a lot more common than people who are not in them tend to think.  It is just that people in those relationships do not usually advertise that fact for fear of being judged or ostracized.

No others in the "harem" at the moment. But even if another man sought my attention, it doesn't mean I would be as involved in his finances as much as I am with my current two partners. With him, it may not be as appropriate to churn cards in his name, as he may not live with me.
I'm a travel Ultrasound Technician. And if I don't manage to burn out, I can FI in 5 years. I am DROWNING IN LUXURY. Learning to swim instead of drown.

Pooperman

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Re: Mustachian People Problems (just for fun)
« Reply #1095 on: March 12, 2015, 09:24:21 AM »
MPP: When attempting to max the 401k, there's a 1 paycheck delay I did not count on when doing so. Now I have to do it again and account for it this time. Then change it just before the end of the year so it changes for next year.

DollarBill

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Re: Mustachian People Problems (just for fun)
« Reply #1096 on: March 12, 2015, 09:15:53 PM »
I just figured out today that daylight savings time was 4 days ago.

johnny847

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Re: Mustachian People Problems (just for fun)
« Reply #1097 on: March 12, 2015, 09:49:54 PM »
I just figured out today that daylight savings time was 4 days ago.

Your computer should have adjusted automatically....

DollarBill

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Re: Mustachian People Problems (just for fun)
« Reply #1098 on: March 12, 2015, 09:52:55 PM »
My computer and phone did but planed my gym time today from my alarm clock when it hit me.

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #1099 on: March 13, 2015, 11:21:13 AM »
I just figured out today that daylight savings time was 4 days ago.

Your computer should have adjusted automatically....

...which is why he didn't noticE