Author Topic: Mustachian People Problems (just for fun)  (Read 1643534 times)

Linda_Norway

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Re: Mustachian People Problems (just for fun)
« Reply #4900 on: March 19, 2018, 04:08:26 AM »
I always have a guess at how much money I will need for the remaining month and buy stock as soon as possible. Now I have a lot of bills in my bank account that will be paid tomorrow and more days after. I haven't received my salary yet. Somehow I had gotten the impression that my salary comes on the 17th and the first bills had to be paid on the 20th. But now at the 19th I don't enough cash to cover paying the bills tomorrow. I asked DH to pay one of our bills today and transferred some extra, so I should have enough tomorrow to pay the bills that need to be paid tomorrow (with one credit card bill). I also need to shop groceries today, but will pay that by credit card. My salary should also arrive tomorrow, but if it doesn't I'll need to sell stock or rely on DH to have enough in cash.

I checked when my salary was paid the last half year: on the 14th, the 17th, twice on the 18th and twice on the 19th. So it is not so weird that I didn't count on the 20th.

Dollar Slice

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Re: Mustachian People Problems (just for fun)
« Reply #4901 on: March 21, 2018, 08:08:15 AM »
I charged something on my credit card on Friday (dinner/drinks with a friend) and it hasn't showed up in my account yet, six days later. How am I supposed to reconcile my accounts!? It's making me a little crazy, I keep checking my account to see if it's there yet.

Complicating factor: It's possible someone decided we would get our food and drinks comped, because we had friends working there... but the waitress took my card and swiped it and I signed for it and etc. so it seems unlikely. Can a restaurant cancel a charge after the fact and it would never show up at all on your account?

I once had a charge show up 3 months later. Something got messed up which is why it took so long. I pay cash at that restaurant now :)

New MPP: those charges are finally (11 days later) showing up in my Chase account, but are not showing up in my Mint account, so I still can't sort out my budget...
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87tweetybirds

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Re: Mustachian People Problems (just for fun)
« Reply #4902 on: March 21, 2018, 08:48:15 AM »
My MPP (kind of): My employer announced that instead of matching our 401k contributions as we go through the year the match will only be applied at the end of the year. Now I'm sad about all the missed out on interest for the year, but that means I can frontload the 401k, and not miss out on any of the match right?


marielle

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Re: Mustachian People Problems (just for fun)
« Reply #4903 on: March 21, 2018, 10:35:00 AM »
Seriously considering leaving my job and one of the top reasons is not having a 401k. We were supposed to get a 401k this year, nope. We got an HSA instead. Which I was happy about... but then realized my stepdad did not remove me from his health insurance last year, which disqualifies me from the HSA (cannot have any non-HDHP).

Trying to find the bright side...
I'll be 26 in a year so won't have anyone else screwing up my plans anymore. Thanks Obama?
My income and/or taxes are likely lower now than in the future, so opening a taxable investment account might not be a bad idea right now and I already maxed out my IRA. Thanks Trump?


Dicey

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Re: Mustachian People Problems (just for fun)
« Reply #4904 on: March 21, 2018, 10:59:34 AM »
My MPP (kind of): My employer announced that instead of matching our 401k contributions as we go through the year the match will only be applied at the end of the year. Now I'm sad about all the missed out on interest for the year, but that means I can frontload the 401k, and not miss out on any of the match right?
Are you paid the same every paycheck? If you are commissioned or get bonuses, their system could work to your advantage.
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87tweetybirds

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Re: Mustachian People Problems (just for fun)
« Reply #4905 on: March 21, 2018, 11:19:31 AM »
My MPP (kind of): My employer announced that instead of matching our 401k contributions as we go through the year the match will only be applied at the end of the year. Now I'm sad about all the missed out on interest for the year, but that means I can frontload the 401k, and not miss out on any of the match right?
Are you paid the same every paycheck? If you are commissioned or get bonuses, their system could work to your advantage.
No, actually I'm paid an hourly wage, with differentials based on which shift I work, and depending on the time of year/how busy/what department I'm in how many hours I work in a week can vary between 24-50. I don't really get bonus though. My checks are variable enough that before I knew that they weren't going to match throughout the year I chose to use the set amount per check to contribute to my 401k, rather than the %. (The set amount option is fairly new, and I felt it served me better to make sure I reached the max) Now I'm debating weather to up the set amount to front load the 401k, then have some surplus I could funnel into other investment routes later, or just siphon off what I would increase the amount to anyway and add that to the investment accounts as I go.

BeautifulDay

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Re: Mustachian People Problems (just for fun)
« Reply #4906 on: March 21, 2018, 05:30:52 PM »
Going to pay for a large home improvement project on friday. We have the cash but want to get the credit card points.  But the card with the best points has a low credit limit and won't cover the full amount.  I guess I'll just have to split the purchase with another card and miss out on some points.

change_seeker

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Re: Mustachian People Problems (just for fun)
« Reply #4907 on: March 21, 2018, 05:54:13 PM »
Going to pay for a large home improvement project on friday. We have the cash but want to get the credit card points.  But the card with the best points has a low credit limit and won't cover the full amount.  I guess I'll just have to split the purchase with another card and miss out on some points.

Call the issuer and get the limit bumped up.  Usually all you have to do is ask nicely and give a sane reason.
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BeautifulDay

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Re: Mustachian People Problems (just for fun)
« Reply #4908 on: March 21, 2018, 06:56:23 PM »
Going to pay for a large home improvement project on friday. We have the cash but want to get the credit card points.  But the card with the best points has a low credit limit and won't cover the full amount.  I guess I'll just have to split the purchase with another card and miss out on some points.

Call the issuer and get the limit bumped up.  Usually all you have to do is ask nicely and give a sane reason.

I'm sure you are right. The limit is only low because a few years back I was concerned with having too much credit card credit available. After experiencing some fraud, I didn't want the hassle of disputing huge amounts of fraudulent charges on an over large credit limit if my account was compromised.  Seems like credit card companies have gotten very good at recognizing fraud and shutting it down.  So not really a concern now.

My credit is excellent - no reason for them to deny an increase.  I'll check tomorrow.

Step37

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Re: Mustachian People Problems (just for fun)
« Reply #4909 on: March 21, 2018, 08:53:56 PM »
Can you not prepay the card to make more room?
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DCKatie09

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Re: Mustachian People Problems (just for fun)
« Reply #4910 on: March 22, 2018, 05:56:47 AM »
My MPP was getting a notice that one of my credit cards was going to be closed next month due to inactivity, because we swapped it out a few years ago for a better rewards card, but obviously didn't cancel it because why would you cancel a credit line w/ no annual fee? But then I had to dig through my office to actually find said card so I can use it for a minor purchase in the next two weeks...

BeautifulDay

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Re: Mustachian People Problems (just for fun)
« Reply #4911 on: March 22, 2018, 06:00:25 AM »
Can you not prepay the card to make more room?

Nope, card only lets me pay what I owe.

Rubic

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Re: Mustachian People Problems (just for fun)
« Reply #4912 on: March 22, 2018, 07:06:25 AM »
My MPP was getting a notice that one of my credit cards was going to be closed next month due to inactivity, because we swapped it out a few years ago for a better rewards card, but obviously didn't cancel it because why would you cancel a credit line w/ no annual fee? But then I had to dig through my office to actually find said card so I can use it for a minor purchase in the next two weeks...

I keep all my credit cards on a spreadsheet.  The non-AF cards are used to reload $1
on my Amazon gift card balance annually, so I can keep these "sock-drawered" cards
open.

DCKatie09

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Re: Mustachian People Problems (just for fun)
« Reply #4913 on: March 22, 2018, 08:03:26 AM »
My MPP was getting a notice that one of my credit cards was going to be closed next month due to inactivity, because we swapped it out a few years ago for a better rewards card, but obviously didn't cancel it because why would you cancel a credit line w/ no annual fee? But then I had to dig through my office to actually find said card so I can use it for a minor purchase in the next two weeks...

I keep all my credit cards on a spreadsheet.  The non-AF cards are used to reload $1
on my Amazon gift card balance annually, so I can keep these "sock-drawered" cards
open.
Smart! I clearly need a better (any) organizational system.

CoffeeAndDonuts

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Re: Mustachian People Problems (just for fun)
« Reply #4914 on: March 22, 2018, 08:37:28 AM »
Can you not prepay the card to make more room?

Nope, card only lets me pay what I owe.

I spend a lot on credit cards for business and mfg. spending.

No issuers I know of will not accept prepayment/overpayment via their site.

Amex is easiest. Right on their site, you can "Check you spending power" (Account Services>Credit Management). In my experience, they will auto approve 50% over your credit limit though lately I've been noticing it'll go to 100% over for me.

Amex also allows pre-payment but you need to initiate it externally (e.g. your bank's bill pay) to create a credit balance. That will increase your limits. All banks will accept the check but not all will allow a larger charge. BoA definitely does not accept the larger charge. I can't recall specifically for USBank, Citi, Chase, and Barclays.

As you can see here, Amex really does make it easier to spend vast sums of money than the others.

If you have multiple cards with an issuer, most will let you move credit line between them. BoA is spotty here. Chase is easy. I think Barclays is easy too.

The fall back here is multiple charges over time and/or over several cards which, depends of course, on the payee accepting that. I'd wonder a little about any warranty impacts if executed this way. In a home renovation, I'm doubt there's any coverage anyway for that.

If you do call and request a higher credit line, this usually results in a hard credit inquiry just as though you'd applied for a loan. Worry about this is very overstated unless you're less than 90 days from seeking credit elsewhere (e.g. mortgage, HELOC, auto loan, another credit card). If you are less than 90 days away, impact it's very contextual to the type of loan, issuer, and your own credit.

merula

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Re: Mustachian People Problems (just for fun)
« Reply #4915 on: March 22, 2018, 09:04:14 AM »
MPP: I was at a work event and decided to share a ride home with a coworker. She ordered an Uber and said she'd just have it take me home (~2 miles past her place) and I could buy her coffee to pay her back. (Perfect because I have a free drink coming at Starbucks.)

Only she needed to change the route in her Uber app, but didn't. I had to set up a new ride and the driver said he was Uber Black so what was supposed to cost $5 actually cost $15. Had I known that I would've gotten out and walked, but I didn't know until it was too late.

I have a budget item for networking and the food/drinks were covered by my company, so $15 for an evening out plus transportation isn't bad, but I'm still annoyed.

MrsWolfeRN

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Re: Mustachian People Problems (just for fun)
« Reply #4916 on: March 24, 2018, 01:32:43 AM »
I get to pick a gift for my ten year anniversary at my work, and I don't want or need any of the things.

TomTX

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Re: Mustachian People Problems (just for fun)
« Reply #4917 on: March 24, 2018, 07:58:28 AM »
I get to pick a gift for my ten year anniversary at my work, and I don't want or need any of the things.

Yeah, I have that problem too. Every 5 years. I don't need another mug, embossed notepad, low-end travel mug, wooden pen or knife.

There's one item which does look nice - the Dominoes set available as a retirement choice. Better than the crystal trophy looking thing or a low-end cooler. But I would need to actually retire from service instead of leaving early.
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LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #4918 on: March 24, 2018, 08:58:40 AM »
I get to pick a gift for my ten year anniversary at my work, and I don't want or need any of the things.

Yeah, I have that problem too. Every 5 years. I don't need another mug, embossed notepad, low-end travel mug, wooden pen or knife.

There's one item which does look nice - the Dominoes set available as a retirement choice. Better than the crystal trophy looking thing or a low-end cooler. But I would need to actually retire from service instead of leaving early.
LOL
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Mesmoiselle

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Re: Mustachian People Problems (just for fun)
« Reply #4919 on: March 24, 2018, 10:11:46 AM »
People think I just got off work or are going to work because I wear scrubs as regular day to day clothing. Because I have more scrubs from being in the medical field over last ten years than I have regular clothes. When I tell people that 60% of my closet is slowly building collection of scrub wear, they seem rather bemused, like I'm kidding.

Scrubs are just great for painting, renovating, sleeping in, and ya, professionally working in. And if you've got a nice pair that fit, they can be rather attractive outfits as well. ^_^ I recently tore one, may repair it, may make it into a pillow case.

fuzzy math

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Re: Mustachian People Problems (just for fun)
« Reply #4920 on: March 24, 2018, 11:40:17 AM »
Due to some retroactive rule passed by the senate or house in Feb, some additional housing costs are deductible. So I got an amended 1098 for 2017 and there's an additional $975 in deductible income. I already filed my taxes and refiling  will net me about $250. My CPA charges $100 for the re-file. It's a win, but an annoying win and symbolically being past everything related to 2017 was going to be a major relief for me. So opening the wound again for $150 yay. *Sigh*
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Hirondelle

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Re: Mustachian People Problems (just for fun)
« Reply #4921 on: March 24, 2018, 11:49:55 AM »
I had to transfer money from my savings account to my checking account twice this month.

Not due to not making ends meet, but solely because I had overenthusiastically bought stocks right after receiving my salary, not realizing I had some one-off expenses coming up.

Sun Hat

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Re: Mustachian People Problems (just for fun)
« Reply #4922 on: March 24, 2018, 01:06:28 PM »
I had to transfer money from my savings account to my checking account twice this month.

Not due to not making ends meet, but solely because I had overenthusiastically bought stocks right after receiving my salary, not realizing I had some one-off expenses coming up.

I feel your pain. These are the sort of shenanigans that I do too!
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Trifele

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Re: Mustachian People Problems (just for fun)
« Reply #4923 on: March 25, 2018, 07:16:07 AM »
Just completed a road trip that involved 4 full days of driving, and my MPP is that we ate in restaurants twice.  :(  I pride myself on not doing that (gross and expensive), and just eating out of the cooler.  But due to a lack of planning and willpower on my part we succumbed -- twice.  Epic fail. 

We have another road trip coming up soon, and that will. not. happen.

Dictionary Time

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Re: Mustachian People Problems (just for fun)
« Reply #4924 on: March 25, 2018, 07:38:00 AM »
My MPP is that my dad's been hospitalized for the past week.  And I've been eating in the cafeteria, driving around a lot, and not been price conscious.  I know in my head that it's OK, that's what an emergency fund is for, and this is one.  But my inner mustachian is freaking out -
"we're out of gas, again?"
"that salad is less than a dollar to make"
"$20 for sweatpants?!?"

I'm doing the best I can, I don't have the mindshare or time to do better, so I just wish I could turn the cheap voice off for a week or two.  Worst case I spend $500-$1k stupidly, no big deal in the grand scheme.

It's the stuff we do everyday, not the stuff that's happening this week.

Miss Piggy

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Re: Mustachian People Problems (just for fun)
« Reply #4925 on: March 25, 2018, 12:04:17 PM »
My MPP is that my dad's been hospitalized for the past week.  And I've been eating in the cafeteria, driving around a lot, and not been price conscious.  I know in my head that it's OK, that's what an emergency fund is for, and this is one.  But my inner mustachian is freaking out -
"we're out of gas, again?"
"that salad is less than a dollar to make"
"$20 for sweatpants?!?"

I'm doing the best I can, I don't have the mindshare or time to do better, so I just wish I could turn the cheap voice off for a week or two.  Worst case I spend $500-$1k stupidly, no big deal in the grand scheme.

It's the stuff we do everyday, not the stuff that's happening this week.

@Dictionary Time - Cut yourself some slack. You have bigger priorities this week. I totally get it...my husband ends up in the hospital every now then, and my diet and spending have to take a backseat while I prioritize being there as his advocate. Cafeteria meals? Check. Paying someone to feed and walk my dogs? Check. Skipping my workouts? Check.  But you know what? I'm taking care of things that are more important at that moment, and I'm okay with that. I think you have the right attitude about this...just give yourself permission to "own" that attitude!


Sibley

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Re: Mustachian People Problems (just for fun)
« Reply #4926 on: March 25, 2018, 01:53:23 PM »
Due to some retroactive rule passed by the senate or house in Feb, some additional housing costs are deductible. So I got an amended 1098 for 2017 and there's an additional $975 in deductible income. I already filed my taxes and refiling  will net me about $250. My CPA charges $100 for the re-file. It's a win, but an annoying win and symbolically being past everything related to 2017 was going to be a major relief for me. So opening the wound again for $150 yay. *Sigh*

Yeah, I mailed off my 1040X yesterday. Same bill probably. In my case, getting an additional $400-500 back, so it's worth it. Bit of a pain though.

Trifele

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Re: Mustachian People Problems (just for fun)
« Reply #4927 on: March 25, 2018, 03:58:40 PM »
My MPP is that my dad's been hospitalized for the past week.  And I've been eating in the cafeteria, driving around a lot, and not been price conscious.  I know in my head that it's OK, that's what an emergency fund is for, and this is one.  But my inner mustachian is freaking out -
"we're out of gas, again?"
"that salad is less than a dollar to make"
"$20 for sweatpants?!?"


Yeah @Dictionary Time -- we get the day off from mustachianism when things like that happen.  No guilt allowed.  Hope your dad is doing ok.

Imma

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Re: Mustachian People Problems (just for fun)
« Reply #4928 on: March 26, 2018, 03:57:58 AM »
I had to phone my credit card company to get a new card after my wallet got stolen, and after that conversation, the customer service guy offered to double my credit limit. He said I wouldn't need to fill in any paperwork. I don't really need a higher card limit, but it can be convenient when travelling abroad. Limit is €1000 now, credit limits aren't as high in here as they seem to be in the US.

Now I get a letter in the mail saying they actually do need paperwork to extend my limit. I'm sure the credit card company will get a positive credit check on me, and we have two steady incomes and a low mortgage, but still I'm kind of hesitating. Together we have an income that's slightly below the national average, but our mortgage is only about 12% of that. The only registered debts that will turn up in our credit check are the mortgage and our phone contracts (and we've never been behind on any of them). We are late 20s/early 30s. I'm afraid the credit card company will think this is so odd for a young couple they will refuse to give us any credit card at all. We can't afford not to have a card, my partner needs it for work. But maybe I'm paranoid? 

Freedomin5

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Re: Mustachian People Problems (just for fun)
« Reply #4929 on: March 26, 2018, 06:23:24 AM »
My MPP is that my dad's been hospitalized for the past week.  And I've been eating in the cafeteria, driving around a lot, and not been price conscious.  I know in my head that it's OK, that's what an emergency fund is for, and this is one.  But my inner mustachian is freaking out -
"we're out of gas, again?"
"that salad is less than a dollar to make"
"$20 for sweatpants?!?"


Yeah @Dictionary Time -- we get the day off from mustachianism when things like that happen.  No guilt allowed.  Hope your dad is doing ok.

I would say it IS Mustachian to spend your money on things that are important to you, like taking care of your family.

BTDretire

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Re: Mustachian People Problems (just for fun)
« Reply #4930 on: March 28, 2018, 05:36:52 AM »
I always wait until late March to do my taxes, because I get amended 1099s.
 I used to do them at the beginning of February, but then one year I go an
ammended return in March from Scotrade and causing me to do an amended
return.
  I got all the tax prep done and dropped it off at my accountant a week ago
for them to get started. My appointment is at 8am today.
MMPP, I got an amended 1099 in yesterdays mail!
 Ya, it's better than getting it in today's mail.
But it will still take some time to adjust the numbers they already entered.
« Last Edit: March 28, 2018, 02:02:36 PM by BTDretire »

jlcnuke

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Re: Mustachian People Problems (just for fun)
« Reply #4931 on: March 28, 2018, 05:55:36 AM »
I had to phone my credit card company to get a new card after my wallet got stolen, and after that conversation, the customer service guy offered to double my credit limit. He said I wouldn't need to fill in any paperwork. I don't really need a higher card limit, but it can be convenient when travelling abroad. Limit is €1000 now, credit limits aren't as high in here as they seem to be in the US.

Now I get a letter in the mail saying they actually do need paperwork to extend my limit. I'm sure the credit card company will get a positive credit check on me, and we have two steady incomes and a low mortgage, but still I'm kind of hesitating. Together we have an income that's slightly below the national average, but our mortgage is only about 12% of that. The only registered debts that will turn up in our credit check are the mortgage and our phone contracts (and we've never been behind on any of them). We are late 20s/early 30s. I'm afraid the credit card company will think this is so odd for a young couple they will refuse to give us any credit card at all. We can't afford not to have a card, my partner needs it for work. But maybe I'm paranoid?
They've already given you the credit card, why would they take it away when you aren't defaulting or something?

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Freedomin5

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Re: Mustachian People Problems (just for fun)
« Reply #4932 on: March 28, 2018, 07:13:31 AM »
I was reading a book about “Christmas stories of hope and joy”. The first story was about a woman who wanted a horse her entire life. She knows that money is tight and her husband keeps telling her they can’t afford a horse. She also talks about how it’s the upkeep of the horse for the next 20-30 years of the horse’s life that’s the most expensive. So what happens? Her husband buys her the horse for Christmas because he “wants to be the one who makes her dreams come true”. All I could think of was “You can’t AFFORD a horse!” Instead of feeling warm fuzzies, I felt annoyed by their lack of foresight.

MMM has ruined stories of Christmas hope and joy for me.

Rosy

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Re: Mustachian People Problems (just for fun)
« Reply #4933 on: March 28, 2018, 09:03:34 AM »
^^^ well, sometimes MMM has a way of changing one's perspective - isn't that why it works so well?:)
It is disconcerting at times and I have to wonder - do my own core values trump the math inherent in most such examples. Occasionally, they do - it is called freedom of choice instead of blindly following - which could be MMM or the consuma suckers - or the over-sentimental, ignorant of math crowd.

MrsWolfeRN

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Re: Mustachian People Problems (just for fun)
« Reply #4934 on: March 28, 2018, 09:09:02 AM »
I can't file my taxes yet because I paid my 2018 property taxes early and I still don't know if I can deduct them. I really want my refund so I can finish my Roth IRA contribution for the year.

afuera

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Re: Mustachian People Problems (just for fun)
« Reply #4935 on: March 28, 2018, 09:17:11 AM »
I always wait until late March to do my taxes, because I get amended 1099s.
 I used to do them at the beginning of February, but then one year I go an
ammended return in March from Scotrade and causing me to do an amended
return.
  I got all the tax prep done and dropped it off at my accountant a week ago
for them to get started. My appointment is at 8am today.
MMPP, I got an amended 1099 in yesterdays mail!
 Ya, it better than getting it in today's mail.
But it will still take some time to adjust the numbers they already entered.

I finished our taxes last Friday and was super proud of myself because there was some complicated stuff in there involving casualty loss due to a hurricane/flood.  We received a corrected 1098 yesterday.  Ugh.
"The price of anything is the amount of life you exchange for it" - Henry David Thoreau

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Projected FIRE date: 2025
Journal.

Imma

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Re: Mustachian People Problems (just for fun)
« Reply #4936 on: March 28, 2018, 10:32:33 AM »
I had to phone my credit card company to get a new card after my wallet got stolen, and after that conversation, the customer service guy offered to double my credit limit. He said I wouldn't need to fill in any paperwork. I don't really need a higher card limit, but it can be convenient when travelling abroad. Limit is €1000 now, credit limits aren't as high in here as they seem to be in the US.

Now I get a letter in the mail saying they actually do need paperwork to extend my limit. I'm sure the credit card company will get a positive credit check on me, and we have two steady incomes and a low mortgage, but still I'm kind of hesitating. Together we have an income that's slightly below the national average, but our mortgage is only about 12% of that. The only registered debts that will turn up in our credit check are the mortgage and our phone contracts (and we've never been behind on any of them). We are late 20s/early 30s. I'm afraid the credit card company will think this is so odd for a young couple they will refuse to give us any credit card at all. We can't afford not to have a card, my partner needs it for work. But maybe I'm paranoid?
They've already given you the credit card, why would they take it away when you aren't defaulting or something?

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Well, they can take away cards without giving any kind of explanation and there are two reasons why I think they might possibly do it:

- Our income is fairly low. My income is just over the minimum you need to apply for a card, my partner's income is lower (but the card is in my name, so that shouldn't be a problem). I've had this card for 10 years, back then there were very little rules regarding minimum income. I can imagine they don't want to give me a higher limit, which wouldn't be a problem, but it would be a problem if they would lower the current limit. I have never carried a balance on this card over the last 10 years, while having a much lower income than I have now, but of course, they don't know how low my income used to be. 

- We have a fairly low income, but also a really low mortgage and no other debts. Credit approvers work from their gut feeling, they have to make decisions in a split second. They will deny credit when they get a 'shady' feeling. In our experience, being a young couple on a low income from a low-income neighborhood, doing quite well financially, is something people feel is shady. We had difficulty arranging a mortgage 3 years ago. We had to apply to a second lender and send them almost 60 different documents before we were approved for a 75k mortgage. We really had to prove all the savings we had were acquired legally. They didn't believe that our income level we were able to save this amount in a legal way without receiving an inheritance or getting parental help. This is how banks treat you when you're a model customer....  :) 

There are only a few credit card companies in my country, so it's not like I can easily apply for other cards. This is by far the cheapest company.

Hirondelle

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Re: Mustachian People Problems (just for fun)
« Reply #4937 on: March 28, 2018, 01:32:07 PM »
I think you should be fine Imma, though they might not up your limit. If you've been paying back nicely all the time and have a steady income you should be able to have a card with a €1000 limit. As a student without income (except stufi) I could already get the €500 limit (this was only 3-4 years ago).

Speaking of which, my CC limit is actually still €500. I wanted to increase it to €1000, but the website of the CC company only allowed me to increase with €1250 to  €1750 (whats that for a random amount?!?!) and income wise I didn't qualify for that. I don't get why the lowest possible increase they offer on the website is already so high..

Imma

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Re: Mustachian People Problems (just for fun)
« Reply #4938 on: March 28, 2018, 01:59:44 PM »
I couldn't get a €2000 limit online either, the next option is €2500, but I talked to customer services on the phone and I could just say any number I wanted. They wouldn't tell me set income criteria for a higher limit, but they did say most people qualify for a €2000 limit. Maybe I'm just a bit paranoid because we had such a bad experience with the mortgage. And even that worked out alright in the end.

It's a joke how easy it is to access cheap loans as an 18 year old student. Banks want students as customers, because they know they're probably never going to change their bank account again. I applied for this credit card the summer before I went to university, when I changed my bank account to a student account. I instantly got a €1000 limit on my credit card and a €1000 line of credit on my bank account too. I was making €3,50 an hour delivering mail and I hadn't even received stufi for the first time yet. You could get a €1000/month student loan as well and I remember the bank telling me how easy it would be to get a personal loan to buy a laptop. I was a sensible girl even at the age of 18 and I never got in debt, but it would have been so easy. The only thing I regret now is that I was so debt averse I never took out any student loans to save them up (interest % on student loans are lower than savings accounts in here). I am definitely going to apply for student loans for my master's.

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #4939 on: March 29, 2018, 05:14:29 PM »
I can't file my taxes yet because I paid my 2018 property taxes early and I still don't know if I can deduct them. I really want my refund so I can finish my Roth IRA contribution for the year.

What are you waiting for?  I paid my 2018 taxes early, but I consider them accrued because I had already received a bill.  I’m not a tax professional, so I can’t give advice, but that’s what I did and I’m not alone

Hirondelle

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Re: Mustachian People Problems (just for fun)
« Reply #4940 on: March 29, 2018, 11:31:14 PM »
I couldn't get a €2000 limit online either, the next option is €2500, but I talked to customer services on the phone and I could just say any number I wanted. They wouldn't tell me set income criteria for a higher limit, but they did say most people qualify for a €2000 limit. Maybe I'm just a bit paranoid because we had such a bad experience with the mortgage. And even that worked out alright in the end.

It's a joke how easy it is to access cheap loans as an 18 year old student. Banks want students as customers, because they know they're probably never going to change their bank account again. I applied for this credit card the summer before I went to university, when I changed my bank account to a student account. I instantly got a €1000 limit on my credit card and a €1000 line of credit on my bank account too. I was making €3,50 an hour delivering mail and I hadn't even received stufi for the first time yet. You could get a €1000/month student loan as well and I remember the bank telling me how easy it would be to get a personal loan to buy a laptop. I was a sensible girl even at the age of 18 and I never got in debt, but it would have been so easy. The only thing I regret now is that I was so debt averse I never took out any student loans to save them up (interest % on student loans are lower than savings accounts in here). I am definitely going to apply for student loans for my master's.

Same here! Especially with the still good savings acounts rate during the first years of studying :(. My brother is in his masters now and finally started taking out some loans which he's investing. He's only just started and plans to finish this summer so he'll probably only manage to get 5k or so for the last few months. If I think about it it's crazy how quickly it adds up though. He can go 5k in debt for just the last 6 months of his studies.

shelivesthedream

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Re: Mustachian People Problems (just for fun)
« Reply #4941 on: March 30, 2018, 01:46:06 AM »
I couldn't get a €2000 limit online either, the next option is €2500, but I talked to customer services on the phone and I could just say any number I wanted. They wouldn't tell me set income criteria for a higher limit, but they did say most people qualify for a €2000 limit. Maybe I'm just a bit paranoid because we had such a bad experience with the mortgage. And even that worked out alright in the end.

It's a joke how easy it is to access cheap loans as an 18 year old student. Banks want students as customers, because they know they're probably never going to change their bank account again. I applied for this credit card the summer before I went to university, when I changed my bank account to a student account. I instantly got a €1000 limit on my credit card and a €1000 line of credit on my bank account too. I was making €3,50 an hour delivering mail and I hadn't even received stufi for the first time yet. You could get a €1000/month student loan as well and I remember the bank telling me how easy it would be to get a personal loan to buy a laptop. I was a sensible girl even at the age of 18 and I never got in debt, but it would have been so easy. The only thing I regret now is that I was so debt averse I never took out any student loans to save them up (interest % on student loans are lower than savings accounts in here). I am definitely going to apply for student loans for my master's.

Same here! Especially with the still good savings acounts rate during the first years of studying :(. My brother is in his masters now and finally started taking out some loans which he's investing. He's only just started and plans to finish this summer so he'll probably only manage to get 5k or so for the last few months. If I think about it it's crazy how quickly it adds up though. He can go 5k in debt for just the last 6 months of his studies.

Me three! (UK) I could have got £10k and probably never have had to pay it all back. However, it does give me the ethical squirms so I'm sort of glad I didn't - but on paper, the numbers are ridiculous.

Imma

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Re: Mustachian People Problems (just for fun)
« Reply #4942 on: March 30, 2018, 06:35:13 AM »
I couldn't get a €2000 limit online either, the next option is €2500, but I talked to customer services on the phone and I could just say any number I wanted. They wouldn't tell me set income criteria for a higher limit, but they did say most people qualify for a €2000 limit. Maybe I'm just a bit paranoid because we had such a bad experience with the mortgage. And even that worked out alright in the end.

It's a joke how easy it is to access cheap loans as an 18 year old student. Banks want students as customers, because they know they're probably never going to change their bank account again. I applied for this credit card the summer before I went to university, when I changed my bank account to a student account. I instantly got a €1000 limit on my credit card and a €1000 line of credit on my bank account too. I was making €3,50 an hour delivering mail and I hadn't even received stufi for the first time yet. You could get a €1000/month student loan as well and I remember the bank telling me how easy it would be to get a personal loan to buy a laptop. I was a sensible girl even at the age of 18 and I never got in debt, but it would have been so easy. The only thing I regret now is that I was so debt averse I never took out any student loans to save them up (interest % on student loans are lower than savings accounts in here). I am definitely going to apply for student loans for my master's.

Same here! Especially with the still good savings acounts rate during the first years of studying :(. My brother is in his masters now and finally started taking out some loans which he's investing. He's only just started and plans to finish this summer so he'll probably only manage to get 5k or so for the last few months. If I think about it it's crazy how quickly it adds up though. He can go 5k in debt for just the last 6 months of his studies.

Me three! (UK) I could have got £10k and probably never have had to pay it all back. However, it does give me the ethical squirms so I'm sort of glad I didn't - but on paper, the numbers are ridiculous.

The minimum montly payment is income-based in here and for my student loan I would have to pay back 12% of my income over €16500. You pay back over 15 years so unless your debt is really high or your income really low, you'll probably pay it back eventually. The cost is just spread out over a lot of years. I don't think my loan will be higher than €4000- €5000. I don't think there's anything morally wrong with taking advantage of existing rules, as long as your intentions are honest. And my intention is to pay it all back on the terms set by the government.

I'm kind of glad I didn't get a loan for my bachelor's as well, I would have been so anxious having such a massive debt at such a young age, even when I had all my loan money in a savings account.

shelivesthedream

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Re: Mustachian People Problems (just for fun)
« Reply #4943 on: March 30, 2018, 09:18:34 AM »
Ah, see, it's a bit different in the UK so my intentions could easily not have been honest. It's easy to end up in a situation where you get some or indeed most of your loan written off completely. I might only ever pay back a few hundred if my income remains low. Even my husband, who is always above the threshold, might end up paying back only half or so. So I could have got £10k, stuck it in VGLS100, and kept it (and the growth) forever just by never earning much more than £15k/yr (which, given my chosen career as a feckless artist, would not be hard).

Zoot

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Re: Mustachian People Problems (just for fun)
« Reply #4944 on: March 30, 2018, 11:15:24 AM »
MPP #1:  Got a raise at work and now have to check my 401(k) percentage contributions to be sure I won't be over-contributing based on the higher salary.  (I so, so wish we could contribute a flat dollar amount per month, which would make this so much easier every year at salary adjustment time!)

MPP #2:  I discovered an error in my tax planning spreadsheet which has been leading me to have too much deducted from my paycheck for state taxes (which will be going up due to the SALT restrictions and $24K threshold for the 1040 Schedule A standard deduction--don't get me started). 

The good news is that all of this results in more take-home pay, which can go straight into the basement finishing fund.  :)

shelivesthedream

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Re: Mustachian People Problems (just for fun)
« Reply #4945 on: March 30, 2018, 11:57:55 AM »
You find yourself striving to be debt-free in computer games too. (Rollercoaster Tycoon...)

bluebelle

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Re: Mustachian People Problems (just for fun)
« Reply #4946 on: March 30, 2018, 12:08:56 PM »
we almost always cook enough for 2 or 3 meals, and love varity, so sometimes it feels like a game of tetris to fit things in the fridge.  (don't worry, no food goes to waste, some to waist (see what I did there)).  We plan for leftovers on the busy nights.

that's the biggest MPP I've got this week.

Sibley

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Re: Mustachian People Problems (just for fun)
« Reply #4947 on: March 30, 2018, 04:43:03 PM »
Electrical rewire project has left the entire house coated with plaster dust. I'm too cheap to hire someone to clean, so now I get to wash ceilings, walls, floors, light fixtures, and everything in between.

Imma

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Re: Mustachian People Problems (just for fun)
« Reply #4948 on: March 31, 2018, 03:37:52 AM »
we almost always cook enough for 2 or 3 meals, and love varity, so sometimes it feels like a game of tetris to fit things in the fridge.  (don't worry, no food goes to waste, some to waist (see what I did there)).  We plan for leftovers on the busy nights.

that's the biggest MPP I've got this week.

Yes! And no matter how many containers you have for food, you're always running low on empty ones...

BTDretire

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Re: Mustachian People Problems (just for fun)
« Reply #4949 on: March 31, 2018, 10:09:27 AM »
Ah, see, it's a bit different in the UK so my intentions could easily not have been honest. It's easy to end up in a situation where you get some or indeed most of your loan written off completely. I might only ever pay back a few hundred if my income remains low. Even my husband, who is always above the threshold, might end up paying back only half or so. So I could have got £10k, stuck it in VGLS100, and kept it (and the growth) forever just by never earning much more than £15k/yr (which, given my chosen career as a feckless artist, would not be hard).
Back in the 80s when I was at a college, the people with money to pay for their kids college, were getting the low interest subsidized loans at 5% or 6% and buying CDs at 12% with the loan money.
 Never seemed quite right to me.