Author Topic: Mustachian People Problems (just for fun)  (Read 1066950 times)

jordanread

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Re: Mustachian People Problems (just for fun)
« Reply #2550 on: March 04, 2016, 07:11:02 AM »
ETA: Australia. Home of the tax rort and land of the socialised health care system. It's not perfect, but it has its perks. With the added bonus of Donald Trump not being from here...

Yeah, but Rupert Murdoch is.

Meh. From here, but not here any more. Not our problem. Plus he's not an Australian citizen any more, he's a US citizen (naturalised). :D

Where is trumps plan for a wall to keep the crazy Australians out?

He's going to build a barrier...a great barrier. :) Language NSFW: https://youtu.be/zF_1hVYGaJw
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Re: Mustachian People Problems (just for fun)
« Reply #2551 on: March 04, 2016, 07:42:06 PM »
Yeah, we do the Salary Packaging here, too. We used to do our mortgage, but since we've sold our house we pay our rent using pre-tax dollars.

Apparently you can also SP your credit card payments?? We already max out through other means, but it could be an option for those who have paid off their mortgage. Pay for food etc on your CC, pay it off each month, then send in your statements to get the tax back.

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Re: Mustachian People Problems (just for fun)
« Reply #2552 on: March 04, 2016, 08:36:17 PM »
That's what I did before I bought the house.

steviesterno

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Re: Mustachian People Problems (just for fun)
« Reply #2553 on: March 05, 2016, 05:04:03 AM »
on the phone with my HR guy yesterday at work, and wa having trouble with the computer system. so I said I wanted to to $500/paycheck into my 403 and some more into a ROTH. he's like, are you sure you mean each check? really? ok, just making sure...


sounds like not  a lot of people hit that maximum amount. hoping to have it figured out correctly with the company match...

mlejw6

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Re: Mustachian People Problems (just for fun)
« Reply #2554 on: March 05, 2016, 10:48:42 AM »
Our company gives out an automatic 2% contribution into everyone's 401k at the beginning of the year for everyone that was employed last year. (This is in addition to a 50% match up to 6% throughout the year.) For the previous year, this 2% was deposited at the end of January. I kept looking at my account to see when they would deposit it, but they haven't yet. When I asked, they said it will be deposited by the end of the first quarter (end of this month).

If they had deposited it at the end of January, I would have gotten a lot more bang for my buck, as the stock market was down. Now, it looks as if I will not get such a good deal.
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rantk81

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Re: Mustachian People Problems (just for fun)
« Reply #2555 on: March 05, 2016, 11:33:41 AM »
A few days ago, I put together a spreadsheet to figure out which package of toilet paper to order online from Target, to get the best deal of price per sheet...... only to be thwarted because the page online said each roll contained 330 2-ply sheets, but when it arrived, on the outer wrap it said it was only 308 sheets per roll.  I emailed Target to tell them about the discrepancy on their website, and they gave me a $2 credit to my RedCard. 

But they still haven't corrected the website.

Larabeth

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Re: Mustachian People Problems (just for fun)
« Reply #2556 on: March 07, 2016, 07:12:54 PM »
Picked up enough free bricks for two garden beds. Fighting the temptation to put in a second one even though this is my first year of gardening solo...

pdxmonkey

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Re: Mustachian People Problems (just for fun)
« Reply #2557 on: March 07, 2016, 08:27:12 PM »
A few days ago, I put together a spreadsheet to figure out which package of toilet paper to order online from Target, to get the best deal of price per sheet...... only to be thwarted because the page online said each roll contained 330 2-ply sheets, but when it arrived, on the outer wrap it said it was only 308 sheets per roll.  I emailed Target to tell them about the discrepancy on their website, and they gave me a $2 credit to my RedCard. 

But they still haven't corrected the website.

Which toilet paper is it we shouldn't order?????

Dictionary Time

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Re: Mustachian People Problems (just for fun)
« Reply #2558 on: March 07, 2016, 08:48:57 PM »
A few days ago, I put together a spreadsheet to figure out which package of toilet paper to order online from Target, to get the best deal of price per sheet...... only to be thwarted because the page online said each roll contained 330 2-ply sheets, but when it arrived, on the outer wrap it said it was only 308 sheets per roll.  I emailed Target to tell them about the discrepancy on their website, and they gave me a $2 credit to my RedCard. 

But they still haven't corrected the website.

Which toilet paper is it we shouldn't order?????

The rest of us still need to adjust our spreadsheets!

Hedge_87

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Re: Mustachian People Problems (just for fun)
« Reply #2559 on: March 21, 2016, 10:04:51 AM »
well this is just horrible....

The 20th of every month is "bill day" in our household. We have every reoccurring bill on auto draft so it only takes about twenty minutes to look everything over, put everything into its appropriate category in excel, pay off the balance on the credit card, and send the remaining "excess" to where ever it needs to go on that particular month.
 This month however we have a pretty big medical bill coming in (had a baby) and I am not sure how much it is going to be. So I have to hold off on maxing out mine and possibly my wife's IRA until I know how much I need to send to the hospital.
Now I have way too many little green workers sitting idle in the checking account playing little games on their little green Iphones instead of putting in a good days worth of work for me. Hopefully the bill comes in soon so I can get them all to work soon and avoid further anxiety induced medical cost on my part.
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Re: Mustachian People Problems (just for fun)
« Reply #2560 on: March 21, 2016, 10:27:36 AM »
well this is just horrible....

The 20th of every month is "bill day" in our household. We have every reoccurring bill on auto draft so it only takes about twenty minutes to look everything over, put everything into its appropriate category in excel, pay off the balance on the credit card, and send the remaining "excess" to where ever it needs to go on that particular month.
 This month however we have a pretty big medical bill coming in (had a baby) and I am not sure how much it is going to be. So I have to hold off on maxing out mine and possibly my wife's IRA until I know how much I need to send to the hospital.
Now I have way too many little green workers sitting idle in the checking account playing little games on their little green Iphones instead of putting in a good days worth of work for me. Hopefully the bill comes in soon so I can get them all to work soon and avoid further anxiety induced medical cost on my part.

Congrats on your tax deduction bundle of joy! =)
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johnny847

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Re: Mustachian People Problems (just for fun)
« Reply #2561 on: March 21, 2016, 12:38:39 PM »
well this is just horrible....

The 20th of every month is "bill day" in our household. We have every reoccurring bill on auto draft so it only takes about twenty minutes to look everything over, put everything into its appropriate category in excel, pay off the balance on the credit card, and send the remaining "excess" to where ever it needs to go on that particular month.
 This month however we have a pretty big medical bill coming in (had a baby) and I am not sure how much it is going to be. So I have to hold off on maxing out mine and possibly my wife's IRA until I know how much I need to send to the hospital.
Now I have way too many little green workers sitting idle in the checking account playing little games on their little green Iphones instead of putting in a good days worth of work for me. Hopefully the bill comes in soon so I can get them all to work soon and avoid further anxiety induced medical cost on my part.

Congrats on your tax deduction bundle of joy! =)

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jordanread

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Re: Mustachian People Problems (just for fun)
« Reply #2562 on: March 21, 2016, 12:44:19 PM »
well this is just horrible....

The 20th of every month is "bill day" in our household. We have every reoccurring bill on auto draft so it only takes about twenty minutes to look everything over, put everything into its appropriate category in excel, pay off the balance on the credit card, and send the remaining "excess" to where ever it needs to go on that particular month.
 This month however we have a pretty big medical bill coming in (had a baby) and I am not sure how much it is going to be. So I have to hold off on maxing out mine and possibly my wife's IRA until I know how much I need to send to the hospital.
Now I have way too many little green workers sitting idle in the checking account playing little games on their little green Iphones instead of putting in a good days worth of work for me. Hopefully the bill comes in soon so I can get them all to work soon and avoid further anxiety induced medical cost on my part.

Congrats on your tax deduction bundle of joy! =)

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He most certainly is!!
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slipslop

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Re: Mustachian People Problems (just for fun)
« Reply #2563 on: March 25, 2016, 10:19:57 AM »
...getting "spoken to" by a coworker about how I'm being irresponsible towards my future when I mentioned that I have to remember to lower the percent of my salary invested into the 401k after annual raises went into effect...

FrugalShrew

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Re: Mustachian People Problems (just for fun)
« Reply #2564 on: March 25, 2016, 10:31:37 AM »
...getting "spoken to" by a coworker about how I'm being irresponsible towards my future when I mentioned that I have to remember to lower the percent of my salary invested into the 401k after annual raises went into effect...

Haha amazing! (and also pretty sad). How did you respond?

naners

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Re: Mustachian People Problems (just for fun)
« Reply #2565 on: March 25, 2016, 10:31:45 AM »
on the phone with my HR guy yesterday at work, and wa having trouble with the computer system. so I said I wanted to to $500/paycheck into my 403 and some more into a ROTH. he's like, are you sure you mean each check? really? ok, just making sure...
B

sounds like not  a lot of people hit that maximum amount. hoping to have it figured out correctly with the company match...

You know company match doesn't count toward the 18k limit, right?

Taran Wanderer

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Re: Mustachian People Problems (just for fun)
« Reply #2566 on: March 25, 2016, 10:27:52 PM »
You know company match doesn't count toward the 18k limit, right?

And thank goodness for that!  With a decent company match, that allows you to potentially contribute a lot more than the $18k limit on your personal contribution.

Apples

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Re: Mustachian People Problems (just for fun)
« Reply #2567 on: March 28, 2016, 08:47:36 AM »
on the phone with my HR guy yesterday at work, and wa having trouble with the computer system. so I said I wanted to to $500/paycheck into my 403 and some more into a ROTH. he's like, are you sure you mean each check? really? ok, just making sure...
B

sounds like not  a lot of people hit that maximum amount. hoping to have it figured out correctly with the company match...

You know company match doesn't count toward the 18k limit, right?

I'm guessing he means the employer matches per paycheck so he needs to be sure it's spread though the whole year.  It's up for interpretation.  Though if he doesn't know that, then it's really good someone pointed it out for him!

Lucky Girl

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Re: Mustachian People Problems (just for fun)
« Reply #2568 on: March 28, 2016, 09:32:11 AM »
Got a letter from my bank threatening to cancel my ATM card because I haven't used it in a year!  I guess I have been pretty good about reducing my cash spending in the past year.  :)

rantk81

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Re: Mustachian People Problems (just for fun)
« Reply #2569 on: March 28, 2016, 10:15:02 AM »
Got a letter from my bank threatening to cancel my ATM card because I haven't used it in a year!  I guess I have been pretty good about reducing my cash spending in the past year.  :)

Similar problem for me happened last year.  Chase sent me a letter that they were closing one of my credit cards, because I hadn't been using it.  It was my oldest open credit line, so closing it would have a slightly negative impact on my credit score.  (I had been using other cards because the rewards programs were superior.)

I had to call Chase to ask them to leave the line open.   The CSR on the phone recommended that I use the card at least once a quarter in order to keep it open.  Another recurring task/reminder to put onto my Google Calendar :)


MMMarbleheader

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Re: Mustachian People Problems (just for fun)
« Reply #2571 on: March 28, 2016, 12:03:57 PM »
When my daughter was born, my wife was having trouble nursing in the first few days.

Among the many stated heath benefits, the Nurse heard me tell my wife "we have to make this work, we don't have formula in our budget".

Later in the day, the Nurse cornered me in the hallway and sympathetically handed me a pamphlet for WIC. I think I would have needed 7 children to qualify and this was 3 years ago when I was 26.

iowajes

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Re: Mustachian People Problems (just for fun)
« Reply #2572 on: March 28, 2016, 12:11:55 PM »
Getting an 8% raise and having to go update excel spreadsheets because you only planned for a 3% raise
Very nice.

TrMama

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Re: Mustachian People Problems (just for fun)
« Reply #2573 on: March 28, 2016, 12:30:18 PM »
DH is gung ho to buy me a new car. Not just any car, but a fancy pants luxury model. I've told him in no uncertain terms that he is not allowed to buy me a car and especially not a really nice one. I don't want to deplete the stash and I actually like driving a more beat up car so I don't have to carry comprehensive insurance on it, don't have to care about scratching it and people will assume we're broke, rather than the other way round.

He must be the only man in town whose wife would be mad at him for buying her a nice car.

Pooperman

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Re: Mustachian People Problems (just for fun)
« Reply #2574 on: March 28, 2016, 02:19:18 PM »
Daw and I are planning to buy a house late this year. The only problem is a lack of cash. Most of our money is invested. This means we have $2.5k for the purchase right now. On the good side, we save a lot so I estimate we'll have about $20k waiting to buy our first hojse in September.

APowers

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Re: Mustachian People Problems (just for fun)
« Reply #2575 on: March 29, 2016, 10:16:29 AM »
"Help, I've fallen and can't get up!"
-My Budget

I like my budget to be even, round numbers, but it's currently at $967/mo and there's really nothing I want to spend $33 more dollars per month on. And it's lean enough that there isn't really a good place to cut $17 more.

Stupid savings on auto insurance.

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Re: Mustachian People Problems (just for fun)
« Reply #2576 on: March 29, 2016, 11:05:35 AM »
"Help, I've fallen and can't get up!"
-My Budget

I like my budget to be even, round numbers, but it's currently at $967/mo and there's really nothing I want to spend $33 more dollars per month on. And it's lean enough that there isn't really a good place to cut $17 more.

Stupid savings on auto insurance.

Buy $33 more dollars of a vanguard fund.

afuera

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Re: Mustachian People Problems (just for fun)
« Reply #2577 on: March 29, 2016, 01:12:38 PM »
"Help, I've fallen and can't get up!"
-My Budget
made me chuckle :)
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APowers

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Re: Mustachian People Problems (just for fun)
« Reply #2578 on: March 29, 2016, 01:17:01 PM »
"Help, I've fallen and can't get up!"
-My Budget

I like my budget to be even, round numbers, but it's currently at $967/mo and there's really nothing I want to spend $33 more dollars per month on. And it's lean enough that there isn't really a good place to cut $17 more.

Stupid savings on auto insurance.

Buy $33 more dollars of a vanguard fund.

I would, except that's not our investment strategy at this point (our plan is real estate/rentals).

It still wouldn't make my expense budget come out to a round number. If I could put that $33 towards our mortgage payment, I would, and that would work, but we don't have a mortgage anymore.

Stupid aggressive debt repayment plan.
« Last Edit: March 29, 2016, 01:20:27 PM by APowers »

iowajes

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Re: Mustachian People Problems (just for fun)
« Reply #2579 on: March 29, 2016, 01:42:01 PM »
"Help, I've fallen and can't get up!"
-My Budget

I like my budget to be even, round numbers, but it's currently at $967/mo and there's really nothing I want to spend $33 more dollars per month on. And it's lean enough that there isn't really a good place to cut $17 more.

Stupid savings on auto insurance.

Buy $33 more dollars of a vanguard fund.

I would, except that's not our investment strategy at this point (our plan is real estate/rentals).

It still wouldn't make my expense budget come out to a round number. If I could put that $33 towards our mortgage payment, I would, and that would work, but we don't have a mortgage anymore.

Stupid aggressive debt repayment plan.
If it helps you out, you can put it toward my mortgage.

How about charitable giving?

APowers

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Re: Mustachian People Problems (just for fun)
« Reply #2580 on: March 29, 2016, 01:55:14 PM »
"Help, I've fallen and can't get up!"
-My Budget

I like my budget to be even, round numbers, but it's currently at $967/mo and there's really nothing I want to spend $33 more dollars per month on. And it's lean enough that there isn't really a good place to cut $17 more.

Stupid savings on auto insurance.

Buy $33 more dollars of a vanguard fund.

I would, except that's not our investment strategy at this point (our plan is real estate/rentals).

It still wouldn't make my expense budget come out to a round number. If I could put that $33 towards our mortgage payment, I would, and that would work, but we don't have a mortgage anymore.

Stupid aggressive debt repayment plan.
If it helps you out, you can put it toward my mortgage.

How about charitable giving?

It's going into savings, to be put toward future investments. No worries there. :P

LeRainDrop

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Re: Mustachian People Problems (just for fun)
« Reply #2581 on: April 02, 2016, 01:41:26 PM »
My favorite massage therapist I've been seeing for a year just left the spa where I have a discount package :-(  Going to have to try someone new.  On the plus side, I've been assured by the manager that if I don't like the therapist she recommended, then I can have that massage for free.  This is (obviously) one of my splurge areas that has been really helping my body and healing an injury, so this change is a real bummer for me!

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Re: Mustachian People Problems (just for fun)
« Reply #2582 on: April 02, 2016, 02:56:30 PM »
I've got one perfect for this thread.

Last month's budget was thrown into complete disarray(!) by my employer.  They decided to reward me for the extra hours I'd been putting in by giving me some Amazon gift cards.  But of course, this is counted as regular income, and therefore taxable.  This means I had less after-tax money than usual placed into my checking account.  Oh the horror!

And now I have to figure out how to use the gift cards, since I don't usually buy much from Amazon.  And I'm never home when it gets delivered to my door.  Oh woe is me!  ;)

nobodyspecial

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Re: Mustachian People Problems (just for fun)
« Reply #2583 on: April 02, 2016, 02:58:23 PM »
And now I have to figure out how to use the gift cards,
I buy stuff for work and claim it back.   

Tigerpine

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Re: Mustachian People Problems (just for fun)
« Reply #2584 on: April 02, 2016, 03:02:42 PM »
And now I have to figure out how to use the gift cards,
I buy stuff for work and claim it back.
That's an interesting idea...I wonder if our accounting department would go for that...

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Re: Mustachian People Problems (just for fun)
« Reply #2585 on: April 02, 2016, 04:55:50 PM »
I've got one perfect for this thread.

Last month's budget was thrown into complete disarray(!) by my employer.  They decided to reward me for the extra hours I'd been putting in by giving me some Amazon gift cards.  But of course, this is counted as regular income, and therefore taxable.  This means I had less after-tax money than usual placed into my checking account.  Oh the horror!

And now I have to figure out how to use the gift cards, since I don't usually buy much from Amazon.  And I'm never home when it gets delivered to my door.  Oh woe is me!  ;)

I'm a little confused. Are you paid hourly or are you alaried?

Secondly, considering you can buy Amazon gift cards at a 4-5% discount on a regular basis, or for 20% off when a good Amex offer comes up, I would never accept gift cards if they were taxable as income for the face value.

Tigerpine

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Re: Mustachian People Problems (just for fun)
« Reply #2586 on: April 02, 2016, 05:08:43 PM »
I'm salaried.  And for more detail, the choice was consumer crap goods that I do not want nor need, or Amazon gift cards.  I chose the gift cards.

The system my company uses to 'reward' employees reminds me of what my mother was offered when she retired.  She was given a catalog and was told she could choose anything in it up to some level.  I was technically given "points" that could be redeemed for worthless stuff that I don't want (and oh by the way, it's taxed at the same rate as the gift cards).  I'm happy that the cards were offered, because otherwise I probably wouldn't have redeemed the points for anything at all.

This 'complaint' of mine is truly a 贅沢な悩み (zeitaku na nayami). lol  (Translates roughly to "worry of luxury")

Oh, and...how do you get amazon gift cards for a 4-5% discount?  That interests me, because my main use of amazon is for getting presents for my niece/nephews.

Bracken_Joy

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Re: Mustachian People Problems (just for fun)
« Reply #2587 on: April 02, 2016, 05:13:17 PM »
I'm salaried.  And for more detail, the choice was consumer crap goods that I do not want nor need, or Amazon gift cards.  I chose the gift cards.

The system my company uses to 'reward' employees reminds me of what my mother was offered when she retired.  She was given a catalog and was told she could choose anything in it up to some level.  I was technically given "points" that could be redeemed for worthless stuff that I don't want (and oh by the way, it's taxed at the same rate as the gift cards).  I'm happy that the cards were offered, because otherwise I probably wouldn't have redeemed the points for anything at all.

This 'complaint' of mine is truly a 贅沢な悩み (zeitaku na nayami). lol  (Translates roughly to "worry of luxury")

Oh, and...how do you get amazon gift cards for a 4-5% discount?  That interests me, because my main use of amazon is for getting presents for my niece/nephews.

I don't know what other people do, but I have an american express blue preferred card that gives 6% from grocery stores up to $6k/yr. You can get gift cards there, so 6% cash back on that.
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Re: Mustachian People Problems (just for fun)
« Reply #2588 on: April 02, 2016, 05:17:28 PM »
I'm salaried.  And for more detail, the choice was consumer crap goods that I do not want nor need, or Amazon gift cards.  I chose the gift cards.

The system my company uses to 'reward' employees reminds me of what my mother was offered when she retired.  She was given a catalog and was told she could choose anything in it up to some level.  I was technically given "points" that could be redeemed for worthless stuff that I don't want (and oh by the way, it's taxed at the same rate as the gift cards).  I'm happy that the cards were offered, because otherwise I probably wouldn't have redeemed the points for anything at all.

This 'complaint' of mine is truly a 贅沢な悩み (zeitaku na nayami). lol  (Translates roughly to "worry of luxury")

Oh, and...how do you get amazon gift cards for a 4-5% discount?  That interests me, because my main use of amazon is for getting presents for my niece/nephews.

I don't know what other people do, but I have an american express blue preferred card that gives 6% from grocery stores up to $6k/yr. You can get gift cards there, so 6% cash back on that.
That's genius!  I never thought about getting gift cards at grocery stores before.  Next time I go, I'll look to see what they offer so I can start planning ahead.

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Re: Mustachian People Problems (just for fun)
« Reply #2589 on: April 02, 2016, 05:26:59 PM »
I'm salaried.  And for more detail, the choice was consumer crap goods that I do not want nor need, or Amazon gift cards.  I chose the gift cards.

The system my company uses to 'reward' employees reminds me of what my mother was offered when she retired.  She was given a catalog and was told she could choose anything in it up to some level.  I was technically given "points" that could be redeemed for worthless stuff that I don't want (and oh by the way, it's taxed at the same rate as the gift cards).  I'm happy that the cards were offered, because otherwise I probably wouldn't have redeemed the points for anything at all.

This 'complaint' of mine is truly a 贅沢な悩み (zeitaku na nayami). lol  (Translates roughly to "worry of luxury")

Oh, and...how do you get amazon gift cards for a 4-5% discount?  That interests me, because my main use of amazon is for getting presents for my niece/nephews.

I don't know what other people do, but I have an american express blue preferred card that gives 6% from grocery stores up to $6k/yr. You can get gift cards there, so 6% cash back on that.
That's genius!  I never thought about getting gift cards at grocery stores before.  Next time I go, I'll look to see what they offer so I can start planning ahead.

Ah okay now that makes more sense.

http://www.giftcardwiki.com/giftcards/Amazon.com. This site lets you check discounted gift cards for basically any store out there.

Amazon gc's are available through GiftMe (you can't buy from their website, you must buy from their app) for 5% off. And you can buy it with a cc, so you can get another 1-2% in cash back (or more if you're earning miles), depending on what cc you have. So with a 2% cc, you're beating out the 6% from an Amex Blue Cash Preferred at grocery stores.

The Amex Blue Cash Preferred has a $75 annual fee. It can still be worth it if you spend enough on groceries (and buying Amazon or other gc's will certainly help you reach that maximum $6000 at 6%).
« Last Edit: April 02, 2016, 05:46:28 PM by johnny847 »

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Re: Mustachian People Problems (just for fun)
« Reply #2590 on: April 02, 2016, 05:29:15 PM »
... Let's assume you don't actually buy shit that the ad is selling.

... Even if it didn't sell you anything, because you're the smartest of the smarts, it still got everyone around you. You maybe didn't even see the ad, you probably didn't even see the ad, but everyone else did and everyone bought "this is what pretty people look like," especially because they've been buying it their whole lives with slight changes in style, and now you have to conform to that. "But I don't shop there." But whoever designs your clothes, unless you sew and tailor your own without ever looking at what anyone else is wearing, is making things in the proper style of today plus or minus five years. Maybe you don't "shop there" but I bet you wore a windbreaker in the 90s and don't today.


Wait, what?  Windbreakers are out?!   ;)
« Last Edit: April 03, 2016, 01:15:39 PM by Cannot Wait! »
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Re: Mustachian People Problems (just for fun)
« Reply #2591 on: April 02, 2016, 05:50:52 PM »
I'm salaried.  And for more detail, the choice was consumer crap goods that I do not want nor need, or Amazon gift cards.  I chose the gift cards.

The system my company uses to 'reward' employees reminds me of what my mother was offered when she retired.  She was given a catalog and was told she could choose anything in it up to some level.  I was technically given "points" that could be redeemed for worthless stuff that I don't want (and oh by the way, it's taxed at the same rate as the gift cards).  I'm happy that the cards were offered, because otherwise I probably wouldn't have redeemed the points for anything at all.

This 'complaint' of mine is truly a 贅沢な悩み (zeitaku na nayami). lol  (Translates roughly to "worry of luxury")

Oh, and...how do you get amazon gift cards for a 4-5% discount?  That interests me, because my main use of amazon is for getting presents for my niece/nephews.

I don't know what other people do, but I have an american express blue preferred card that gives 6% from grocery stores up to $6k/yr. You can get gift cards there, so 6% cash back on that.
That's genius!  I never thought about getting gift cards at grocery stores before.  Next time I go, I'll look to see what they offer so I can start planning ahead.

Ah okay now that makes more sense.

http://www.giftcardwiki.com/giftcards/Amazon.com. This site lets you check discounted gift cards for basically any store out there.

Amazon gc's are available through GiftMe (you can't buy from their website, you must buy from their app) for 5% off. And you can buy it with a cc, so you can get another 1-2% in cash back (or more if you're earning miles), depending on what cc you have. So with a 2% cc, you're beating out the 6% from an Amex Blue Cash Preferred at grocery stores.

The Amex Blue Cash Preferred has a $75 annual fee. It can still be worth it if you spend enough on groceries (and buying Amazon or other gc's will certainly help you reach that maximum $6000 at 6%).
Thanks for the tip!  I'll have to open a thread about the GiftMe app with some questions I had after checking out their site.  Thus ends my hijacking of this thread.

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Re: Mustachian People Problems (just for fun)
« Reply #2592 on: April 02, 2016, 05:55:01 PM »
I'm salaried.  And for more detail, the choice was consumer crap goods that I do not want nor need, or Amazon gift cards.  I chose the gift cards.

The system my company uses to 'reward' employees reminds me of what my mother was offered when she retired.  She was given a catalog and was told she could choose anything in it up to some level.  I was technically given "points" that could be redeemed for worthless stuff that I don't want (and oh by the way, it's taxed at the same rate as the gift cards).  I'm happy that the cards were offered, because otherwise I probably wouldn't have redeemed the points for anything at all.

This 'complaint' of mine is truly a 贅沢な悩み (zeitaku na nayami). lol  (Translates roughly to "worry of luxury")

Oh, and...how do you get amazon gift cards for a 4-5% discount?  That interests me, because my main use of amazon is for getting presents for my niece/nephews.

I don't know what other people do, but I have an american express blue preferred card that gives 6% from grocery stores up to $6k/yr. You can get gift cards there, so 6% cash back on that.
That's genius!  I never thought about getting gift cards at grocery stores before.  Next time I go, I'll look to see what they offer so I can start planning ahead.

Ah okay now that makes more sense.

http://www.giftcardwiki.com/giftcards/Amazon.com. This site lets you check discounted gift cards for basically any store out there.

Amazon gc's are available through GiftMe (you can't buy from their website, you must buy from their app) for 5% off. And you can buy it with a cc, so you can get another 1-2% in cash back (or more if you're earning miles), depending on what cc you have. So with a 2% cc, you're beating out the 6% from an Amex Blue Cash Preferred at grocery stores.

The Amex Blue Cash Preferred has a $75 annual fee. It can still be worth it if you spend enough on groceries (and buying Amazon or other gc's will certainly help you reach that maximum $6000 at 6%).
Thanks for the tip!  I'll have to open a thread about the GiftMe app with some questions I had after checking out their site.  Thus ends my hijacking of this thread.

This thread is 75% hijacking.

I've had great luck with carpool for starbucks cards at 10% off.

Re: the blue preferred. We got a $150 cash back at the beginning, so for the first 2 yrs it's essentially no fee. Gotta play the rewards right ;)
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johnny847

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Re: Mustachian People Problems (just for fun)
« Reply #2593 on: April 02, 2016, 06:15:11 PM »
This thread is 75% hijacking.

I've had great luck with carpool for starbucks cards at 10% off.

Re: the blue preferred. We got a $150 cash back at the beginning, so for the first 2 yrs it's essentially no fee. Gotta play the rewards right ;)

Your statement makes it seem like you're focusing on average cost instead of marginal cost, which is most definitely NOT playing the rewards right.

The first year you got your $150 bonus and paid your $75 fee. Cool. Now let's suppose it's been 11 months since you applied, and you're contemplating whether you should keep the card and pay the annual fee.

Idk how much you spend at grocery stores. Let's say for the sake of the argument you spend $2k a year. at grocery stores.

If you keep the card, you earn 6% on $2000 = $120. You pay an annual fee of $75, so your total benefit is $45.

If you cancel the card and get the Blue Cash Everyday instead, which earns 3% at grocery stores and has no annual fee, you earn 3% on $2000 = $60.

You're better off by cancelling the card and getting the Blue Cash Everyday instead. The breakeven point if we're just looking at grocery spending is $2500.


But by your logic, your first two years are free so you should stay with the Blue Cash Preferred. That's wrong. You've already earned your $150 signup bonus. That's a sunk gain (as opposed to sunk cost haha). It has no bearing on your decision now.


Incidentally, you could also get the signup bonus on the Blue Cash Everday. And I've ignored the extra cashback you can earn on gas with the BCP, but that doesn't change the point I'm trying to make: claiming your signup bonus makes your first two years free is the wrong way to analyze the situaiton.

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Re: Mustachian People Problems (just for fun)
« Reply #2594 on: April 02, 2016, 06:33:56 PM »
And now I have to figure out how to use the gift cards,
I buy stuff for work and claim it back.
That's an interesting idea...I wonder if our accounting department would go for that...

Excellent idea, I hope it works

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Re: Mustachian People Problems (just for fun)
« Reply #2595 on: April 02, 2016, 07:03:33 PM »
This thread is 75% hijacking.

I've had great luck with carpool for starbucks cards at 10% off.

Re: the blue preferred. We got a $150 cash back at the beginning, so for the first 2 yrs it's essentially no fee. Gotta play the rewards right ;)

Your statement makes it seem like you're focusing on average cost instead of marginal cost, which is most definitely NOT playing the rewards right.

The first year you got your $150 bonus and paid your $75 fee. Cool. Now let's suppose it's been 11 months since you applied, and you're contemplating whether you should keep the card and pay the annual fee.

Idk how much you spend at grocery stores. Let's say for the sake of the argument you spend $2k a year. at grocery stores.

If you keep the card, you earn 6% on $2000 = $120. You pay an annual fee of $75, so your total benefit is $45.

If you cancel the card and get the Blue Cash Everyday instead, which earns 3% at grocery stores and has no annual fee, you earn 3% on $2000 = $60.

You're better off by cancelling the card and getting the Blue Cash Everyday instead. The breakeven point if we're just looking at grocery spending is $2500.


But by your logic, your first two years are free so you should stay with the Blue Cash Preferred. That's wrong. You've already earned your $150 signup bonus. That's a sunk gain (as opposed to sunk cost haha). It has no bearing on your decision now.


Incidentally, you could also get the signup bonus on the Blue Cash Everday. And I've ignored the extra cashback you can earn on gas with the BCP, but that doesn't change the point I'm trying to make: claiming your signup bonus makes your first two years free is the wrong way to analyze the situaiton.

A- we spend an obscene amount on groceries, so figure the whole $6k.
B- we don't CC churn except for primary use cards. This is undoubtedly a missed opportunity, but just isn't worth monitoring for us. Too much work at this point. So the rewards are not seen as a one time bonus, but instead weighed against the fees.
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Re: Mustachian People Problems (just for fun)
« Reply #2596 on: April 02, 2016, 07:24:14 PM »
This thread is 75% hijacking.

I've had great luck with carpool for starbucks cards at 10% off.

Re: the blue preferred. We got a $150 cash back at the beginning, so for the first 2 yrs it's essentially no fee. Gotta play the rewards right ;)

Your statement makes it seem like you're focusing on average cost instead of marginal cost, which is most definitely NOT playing the rewards right.

The first year you got your $150 bonus and paid your $75 fee. Cool. Now let's suppose it's been 11 months since you applied, and you're contemplating whether you should keep the card and pay the annual fee.

Idk how much you spend at grocery stores. Let's say for the sake of the argument you spend $2k a year. at grocery stores.

If you keep the card, you earn 6% on $2000 = $120. You pay an annual fee of $75, so your total benefit is $45.

If you cancel the card and get the Blue Cash Everyday instead, which earns 3% at grocery stores and has no annual fee, you earn 3% on $2000 = $60.

You're better off by cancelling the card and getting the Blue Cash Everyday instead. The breakeven point if we're just looking at grocery spending is $2500.


But by your logic, your first two years are free so you should stay with the Blue Cash Preferred. That's wrong. You've already earned your $150 signup bonus. That's a sunk gain (as opposed to sunk cost haha). It has no bearing on your decision now.


Incidentally, you could also get the signup bonus on the Blue Cash Everday. And I've ignored the extra cashback you can earn on gas with the BCP, but that doesn't change the point I'm trying to make: claiming your signup bonus makes your first two years free is the wrong way to analyze the situaiton.

A- we spend an obscene amount on groceries, so figure the whole $6k.
B- we don't CC churn except for primary use cards. This is undoubtedly a missed opportunity, but just isn't worth monitoring for us. Too much work at this point. So the rewards are not seen as a one time bonus, but instead weighed against the fees.

Neither of which change the fact that your approach of "the signup bonus makes the first two years free" is the wrong way to analyze the situaiton.

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Re: Mustachian People Problems (just for fun)
« Reply #2597 on: April 02, 2016, 07:31:28 PM »
This thread is 75% hijacking.

I've had great luck with carpool for starbucks cards at 10% off.

Re: the blue preferred. We got a $150 cash back at the beginning, so for the first 2 yrs it's essentially no fee. Gotta play the rewards right ;)

Your statement makes it seem like you're focusing on average cost instead of marginal cost, which is most definitely NOT playing the rewards right.

The first year you got your $150 bonus and paid your $75 fee. Cool. Now let's suppose it's been 11 months since you applied, and you're contemplating whether you should keep the card and pay the annual fee.

Idk how much you spend at grocery stores. Let's say for the sake of the argument you spend $2k a year. at grocery stores.

If you keep the card, you earn 6% on $2000 = $120. You pay an annual fee of $75, so your total benefit is $45.

If you cancel the card and get the Blue Cash Everyday instead, which earns 3% at grocery stores and has no annual fee, you earn 3% on $2000 = $60.

You're better off by cancelling the card and getting the Blue Cash Everyday instead. The breakeven point if we're just looking at grocery spending is $2500.


But by your logic, your first two years are free so you should stay with the Blue Cash Preferred. That's wrong. You've already earned your $150 signup bonus. That's a sunk gain (as opposed to sunk cost haha). It has no bearing on your decision now.


Incidentally, you could also get the signup bonus on the Blue Cash Everday. And I've ignored the extra cashback you can earn on gas with the BCP, but that doesn't change the point I'm trying to make: claiming your signup bonus makes your first two years free is the wrong way to analyze the situaiton.

A- we spend an obscene amount on groceries, so figure the whole $6k.
B- we don't CC churn except for primary use cards. This is undoubtedly a missed opportunity, but just isn't worth monitoring for us. Too much work at this point. So the rewards are not seen as a one time bonus, but instead weighed against the fees.

Neither of which change the fact that your approach of "the signup bonus makes the first two years free" is the wrong way to analyze the situaiton.

So the break even, you stated, is $2500 on grocery spending. I stated we spend well above this, easily the $6k/yr rewards limit. And yet I am still wrong? I'm not entirely sure why I am being berated here.
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johnny847

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Re: Mustachian People Problems (just for fun)
« Reply #2598 on: April 02, 2016, 07:59:31 PM »
A- we spend an obscene amount on groceries, so figure the whole $6k.
B- we don't CC churn except for primary use cards. This is undoubtedly a missed opportunity, but just isn't worth monitoring for us. Too much work at this point. So the rewards are not seen as a one time bonus, but instead weighed against the fees.

Neither of which change the fact that your approach of "the signup bonus makes the first two years free" is the wrong way to analyze the situaiton.

So the break even, you stated, is $2500 on grocery spending. I stated we spend well above this, easily the $6k/yr rewards limit. And yet I am still wrong? I'm not entirely sure why I am being berated here.

You specifically said

Re: the blue preferred. We got a $150 cash back at the beginning, so for the first 2 yrs it's essentially no fee. Gotta play the rewards right ;)

And I'm saying your reasoning here is wrong. Here you justified the annual fee by saying you got a $150 signup bonus. When you should be justifying it with your spending at groceries.

I'm not saying you're worse off by using the BCP--you are better off as I already calculated. What I take issue with is the statement above, particularly when you said you "gotta play the rewards right." Using a signup bonus to justify any annual fee past the first year is playing the rewards wrong.

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Re: Mustachian People Problems (just for fun)
« Reply #2599 on: April 02, 2016, 09:01:21 PM »
And now I have to figure out how to use the gift cards, since I don't usually buy much from Amazon.  And I'm never home when it gets delivered to my door.  Oh woe is me!  ;)
You could sell the gift cards on raise.com if you really don't want them.