Author Topic: Mustachian People Problems (just for fun)  (Read 2005572 times)

Imma

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Re: Mustachian People Problems (just for fun)
« Reply #5950 on: January 23, 2019, 07:46:10 AM »
Last year we moved across the country. We knew we were going to do it, so we stockpiled money like crazy to cover the moving expenses (what wasn't covered by my company). We closed on a new house in early June 2018, and put our old house on the market in late June 2018.

Here we are seven months later, and the first house hasn't sold yet, however, we can currently pay both mortgages with no problem (well, we can't contribute as much as I would like to our retirements, but still, we can cover both). I was complaining at work the other day, mostly just annoyed that our house hasn't sold in 7 months (winter in upstate NY), and made the mistake of saying "I can't believe I still own two houses". My coworker just looked at me like I was crazy.

You should rent out the house you are not currently living in.

Izybat's complete post was that she tries to sell her house for months.
Having someone living in there does not make that easier and very likely lowers the price even if you can sell.
Also how would the renters feel if after 2 month they get the message to get out again because the house sold?

Where I live there you can rent out a house that's for sale under a special set of rules. The renters get to live somewhere for a few months for a below market price and the owner loses less money. Win-win.

radram

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Re: Mustachian People Problems (just for fun)
« Reply #5951 on: January 23, 2019, 09:29:07 AM »
Last year we moved across the country. We knew we were going to do it, so we stockpiled money like crazy to cover the moving expenses (what wasn't covered by my company). We closed on a new house in early June 2018, and put our old house on the market in late June 2018.

Here we are seven months later, and the first house hasn't sold yet, however, we can currently pay both mortgages with no problem (well, we can't contribute as much as I would like to our retirements, but still, we can cover both). I was complaining at work the other day, mostly just annoyed that our house hasn't sold in 7 months (winter in upstate NY), and made the mistake of saying "I can't believe I still own two houses". My coworker just looked at me like I was crazy.

You should rent out the house you are not currently living in.

We did this.... in 2000! The house did not sell for 4 months. We thought it would not sell in winter, so found a renter that wanted only a 6 month lease. Perfect, we thought. 6 months later, still didn't sell, so we rented it again... and again... and again. At least $750 per month (now $840), every month, for 18 years. Missed out on rent maybe 4 months total for renter swaps, carpets, painting, etc.

We did have to evict 1 couple, and another couple owes us about $1,000 we will never see. It worked out great for us, but it was not without risk.

One thing to check: Our insurance company required a different policy for a house that was not occupied during that first 4 month attempt at selling.. You might want to check and make sure the home has had proper coverage during this 7 month time of being vacant.

That across the country thing could be a real barrier. Mine is 1 1/2 hours away and is sometimes inconvenient.

Keep us posted.

ketchup

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Re: Mustachian People Problems (just for fun)
« Reply #5952 on: January 23, 2019, 09:39:06 AM »
(For the "solvers",
Hot damn, I'm a stereotype.

For potentially stinky-becoming stuff that won't be thrown out for a while, sometimes I'll store it in a freezer if I have space.

Probably not the best option for dog poo, though.

Warning: people with a sensitive stomach probably should not read on.

I grew up on a hobby farm and we used to store dead small animals in the lowest drawer of the freezer (i.e. chickens and rabbits).

That's nothing. Right now, as we speak, I have five pounds of dead cow in my my freezer. I ground it up and put it in five separate freezer bags. And you know what else...? I'm going to eat it!

I was going to say the main purpose of my freezer is storing dead animals.

"Honey, would you please remember to take the dead woodpecker with you to work next time? I want it out of the freezer" is not an unfamiliar sentence in this household. #biologistlife...

Sugaree

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Re: Mustachian People Problems (just for fun)
« Reply #5953 on: January 23, 2019, 11:24:55 AM »
Last year we moved across the country. We knew we were going to do it, so we stockpiled money like crazy to cover the moving expenses (what wasn't covered by my company). We closed on a new house in early June 2018, and put our old house on the market in late June 2018.

Here we are seven months later, and the first house hasn't sold yet, however, we can currently pay both mortgages with no problem (well, we can't contribute as much as I would like to our retirements, but still, we can cover both). I was complaining at work the other day, mostly just annoyed that our house hasn't sold in 7 months (winter in upstate NY), and made the mistake of saying "I can't believe I still own two houses". My coworker just looked at me like I was crazy.

You should rent out the house you are not currently living in.

We did this.... in 2000! The house did not sell for 4 months. We thought it would not sell in winter, so found a renter that wanted only a 6 month lease. Perfect, we thought. 6 months later, still didn't sell, so we rented it again... and again... and again. At least $750 per month (now $840), every month, for 18 years. Missed out on rent maybe 4 months total for renter swaps, carpets, painting, etc.

We did have to evict 1 couple, and another couple owes us about $1,000 we will never see. It worked out great for us, but it was not without risk.

One thing to check: Our insurance company required a different policy for a house that was not occupied during that first 4 month attempt at selling.. You might want to check and make sure the home has had proper coverage during this 7 month time of being vacant.

That across the country thing could be a real barrier. Mine is 1 1/2 hours away and is sometimes inconvenient.

Keep us posted.

Also, check your local ordinances.  My city requires that the owner, or a property manager, live within 50 miles of the city limits. 

MissNancyPryor

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Re: Mustachian People Problems (just for fun)
« Reply #5954 on: January 23, 2019, 03:35:12 PM »
Mustachian People Problem:  I had to install a battery tender on my car because I only put about 3K miles on it annually.  Too many days of not driving at all and when I do drive to work it is only a 2.6 mile commute, not enough to recharge via the alternator. 

Cue tiny violins.   


Izybat

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Re: Mustachian People Problems (just for fun)
« Reply #5955 on: January 23, 2019, 07:45:06 PM »
Last year we moved across the country. We knew we were going to do it, so we stockpiled money like crazy to cover the moving expenses (what wasn't covered by my company). We closed on a new house in early June 2018, and put our old house on the market in late June 2018.

Here we are seven months later, and the first house hasn't sold yet, however, we can currently pay both mortgages with no problem (well, we can't contribute as much as I would like to our retirements, but still, we can cover both). I was complaining at work the other day, mostly just annoyed that our house hasn't sold in 7 months (winter in upstate NY), and made the mistake of saying "I can't believe I still own two houses". My coworker just looked at me like I was crazy.

You should rent out the house you are not currently living in.

We did this.... in 2000! The house did not sell for 4 months. We thought it would not sell in winter, so found a renter that wanted only a 6 month lease. Perfect, we thought. 6 months later, still didn't sell, so we rented it again... and again... and again. At least $750 per month (now $840), every month, for 18 years. Missed out on rent maybe 4 months total for renter swaps, carpets, painting, etc.

We did have to evict 1 couple, and another couple owes us about $1,000 we will never see. It worked out great for us, but it was not without risk.

One thing to check: Our insurance company required a different policy for a house that was not occupied during that first 4 month attempt at selling.. You might want to check and make sure the home has had proper coverage during this 7 month time of being vacant.

That across the country thing could be a real barrier. Mine is 1 1/2 hours away and is sometimes inconvenient.

Keep us posted.

Also, check your local ordinances.  My city requires that the owner, or a property manager, live within 50 miles of the city limits.

Thanks all for the suggestions. We had to keep it on the market (it was part of the relocation deal with my current company). They reimbursed for some expenses, but only if it was on the market, and sold with in 1 year of my original hire date a the new company. We have also briefly discussed converting it to a rental, bit it's in rural upstate New York, and not exactly a hot spot of rental activity.

If we don't get it sold within the time limit allotted for my relocation reimbursement, we'll rethink out options.


Zaga

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Re: Mustachian People Problems (just for fun)
« Reply #5956 on: January 24, 2019, 05:45:15 PM »
Ugh, so mad!  We can only change our 401-K contributions once a quarter and someone in HR effed mine up and didn't change it.  I increased my contributions on November 26th, that's plenty of time for it to take effect in January, and it didn't change.  Bah.

But I called the 401-K servicer and they gave me the name in my building to go and yell at for messing up.

RetiredAt63

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Re: Mustachian People Problems (just for fun)
« Reply #5957 on: January 25, 2019, 08:54:28 AM »

"Honey, would you please remember to take the dead woodpecker with you to work next time? I want it out of the freezer" is not an unfamiliar sentence in this household. #biologistlife...

I used to get "We are running out of space, please take the insects to work."  At least they are smaller than birds.    ;-) 
 
Insect collections used for teaching have a lot of breakage, and I did a lot of specimen replacement.

Dicey

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Re: Mustachian People Problems (just for fun)
« Reply #5958 on: January 25, 2019, 10:16:02 AM »
Ugh, so mad!  We can only change our 401-K contributions once a quarter and someone in HR effed mine up and didn't change it.  I increased my contributions on November 26th, that's plenty of time for it to take effect in January, and it didn't change.  Bah.

But I called the 401-K servicer and they gave me the name in my building to go and yell at for messing up.
@Zaga, If it's their mistake, they are obligated to fix it immediately and not wait for the next cycle. They CAN change it any time, it's just their policy not to, most likely.  #askmehowiknow.

letsdoit

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Re: Mustachian People Problems (just for fun)
« Reply #5959 on: January 25, 2019, 10:35:28 AM »
when you go into HR you could dress up and act pompous like your MIL is the best lawyer in town and you could easily sue them 

Zaga

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Re: Mustachian People Problems (just for fun)
« Reply #5960 on: January 25, 2019, 04:36:05 PM »
Well I emailed the right people today, and they are fixing it and backdating it to the beginning of January!  My next paycheck is going to be so tiny lol!

TomTX

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Re: Mustachian People Problems (just for fun)
« Reply #5961 on: January 26, 2019, 06:14:15 AM »
Well I emailed the right people today, and they are fixing it and backdating it to the beginning of January!  My next paycheck is going to be so tiny lol!

MPP:

There are so few places where "My next paycheck is going to be so tiny!" is appropriately understood as bragging...

I have like... one person at work who understands.

Zaga

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Re: Mustachian People Problems (just for fun)
« Reply #5962 on: January 26, 2019, 08:31:45 AM »
Well I emailed the right people today, and they are fixing it and backdating it to the beginning of January!  My next paycheck is going to be so tiny lol!

MPP:

There are so few places where "My next paycheck is going to be so tiny!" is appropriately understood as bragging...

I have like... one person at work who understands.
Ha ha, oh yeah, won't be mentioning this to my coworkers!  The only people who need to know is the HR person who is fixing it, and the payroll person who sends my info to ADP.

I set my 401-K to 20%, which is good but not huge.  I'm not sure if this is being backdated by 1 pay period or 2 because of where they fell, so my next pay will have either 40% or 60% go to the 401-K.  Should be fun!

Linea_Norway

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Re: Mustachian People Problems (just for fun)
« Reply #5963 on: January 26, 2019, 11:38:22 AM »
Mustachian People Problem:  I had to install a battery tender on my car because I only put about 3K miles on it annually.  Too many days of not driving at all and when I do drive to work it is only a 2.6 mile commute, not enough to recharge via the alternator. 

Cue tiny violins.   

You are not the only Mustachian person with this problem. Two of my former colleages, one who cycled to work and one who walked to work also both had this problem.

Dicey

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Re: Mustachian People Problems (just for fun)
« Reply #5964 on: January 26, 2019, 06:51:07 PM »
Well I emailed the right people today, and they are fixing it and backdating it to the beginning of January!  My next paycheck is going to be so tiny lol!
Woot! I was so "that person" in my last job. I would make requests that they didn't believe, so instead of verifying with me, they just ignored my requests. Big mistake. In the course of me tenure, I was able to get some big wrongs righted, which felt good. When a friend was squeezed out after many years of good and faithful service, he was able to push them for an additional settlement, due to years of erroneously calculated vacation pay. In part because of my struggles with HR, he knew their policy was illegal in our state. He used that knowledge to his advantage, which still makes me happy to think about. FWIW, my company had a long history of short-changing employees. A friend's dad got screwed by them many years before. He brought about a lawsuit that resulted in a little thing called ERISA. It's good to push for what is right, for the benefit of all.

Zaga

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Re: Mustachian People Problems (just for fun)
« Reply #5965 on: January 26, 2019, 07:02:03 PM »
Good for your friend!  And wow about erisa!

Taran Wanderer

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Re: Mustachian People Problems (just for fun)
« Reply #5966 on: January 26, 2019, 10:54:51 PM »
(For the "solvers",
Hot damn, I'm a stereotype.

For potentially stinky-becoming stuff that won't be thrown out for a while, sometimes I'll store it in a freezer if I have space.

Probably not the best option for dog poo, though.

Warning: people with a sensitive stomach probably should not read on.

I grew up on a hobby farm and we used to store dead small animals in the lowest drawer of the freezer (i.e. chickens and rabbits).

That's nothing. Right now, as we speak, I have five pounds of dead cow in my my freezer. I ground it up and put it in five separate freezer bags. And you know what else...? I'm going to eat it!

I was going to say the main purpose of my freezer is storing dead animals.

"Honey, would you please remember to take the dead woodpecker with you to work next time? I want it out of the freezer" is not an unfamiliar sentence in this household. #biologistlife...

When I was a kid, we stayed with our grandparents while our parents were out of town. While there, we killed a mole... and kept it in the chest freezer for,the next week so we could show it to our arenas when they got back. There were soooooo excited...

Reynold

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Re: Mustachian People Problems (just for fun)
« Reply #5967 on: January 27, 2019, 01:16:47 PM »
Well, they are chipping away at my "effective" yield (by wasting my time.)  Apparently the transaction got flagged in their fraud department, and I wasted more than a half hour on the phone with a three-way-call between Chase and Ally so that Chase could be confident that it was "legitimate" that I was xferring $15K into my newly opened account.  What a bunch of assclowns.

Good luck with Chase.  My in-laws banked with them, and at least twice we found a "'mystery" $10 charge on their account, no explanation, and when we called they took it right off without any argument, but also without any explanation of what it was for.  Are they just counting on people not checking their statements to make some free money?  Also, when we tried to get Chase to move their savings account from one paying 0.01% (yes, one one hundredth of a percent) interest to one paying 1% interest, it took three in person visits over two months. 

Linea_Norway

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Re: Mustachian People Problems (just for fun)
« Reply #5968 on: January 28, 2019, 01:49:50 AM »
Last time the fuel was cheap, I filled up the car with cheap diesel. Recently DH went for his work to Sweden and drove a couple of hours. On the way back the tank was pretty empty, but he didn't want to fill it up completely with expensive fuel (as fuel prices vary a lot). Now the tank is again almost empty with the warning light on. Sunday afternoon and Monday morning fuel prices tend to be cheapest. But because of a snow storm yesterday we didn't go anywhere on Sunday. On today I decided to walk to work, also to avoid snow chaos on the roads. On thursday afternoon we will again have to drive a long way and I don't know if I get a new option to fill up the tank for a low price.

rantk81

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Re: Mustachian People Problems (just for fun)
« Reply #5969 on: January 28, 2019, 06:42:59 AM »
Last time the fuel was cheap, I filled up the car with cheap diesel. Recently DH went for his work to Sweden and drove a couple of hours. On the way back the tank was pretty empty, but he didn't want to fill it up completely with expensive fuel (as fuel prices vary a lot). Now the tank is again almost empty with the warning light on. Sunday afternoon and Monday morning fuel prices tend to be cheapest. But because of a snow storm yesterday we didn't go anywhere on Sunday. On today I decided to walk to work, also to avoid snow chaos on the roads. On thursday afternoon we will again have to drive a long way and I don't know if I get a new option to fill up the tank for a low price.

Don't know if this is true or not, but I've been told that in extreme cold temperatures, it is best not to get close to running out of fuel.  I've been told that any impurities or potentially water (or condensed or otherwise) will be more prevalent in the tank and fuel lines when your tank is almost empty -- and is more susceptible to freezing and causing a problems...

Raenia

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Re: Mustachian People Problems (just for fun)
« Reply #5970 on: January 28, 2019, 07:03:51 AM »
Last time the fuel was cheap, I filled up the car with cheap diesel. Recently DH went for his work to Sweden and drove a couple of hours. On the way back the tank was pretty empty, but he didn't want to fill it up completely with expensive fuel (as fuel prices vary a lot). Now the tank is again almost empty with the warning light on. Sunday afternoon and Monday morning fuel prices tend to be cheapest. But because of a snow storm yesterday we didn't go anywhere on Sunday. On today I decided to walk to work, also to avoid snow chaos on the roads. On thursday afternoon we will again have to drive a long way and I don't know if I get a new option to fill up the tank for a low price.

Don't know if this is true or not, but I've been told that in extreme cold temperatures, it is best not to get close to running out of fuel.  I've been told that any impurities or potentially water (or condensed or otherwise) will be more prevalent in the tank and fuel lines when your tank is almost empty -- and is more susceptible to freezing and causing a problems...

I've heard that too - so I guess my MPP is that I am down to 1/4 tank and have been meaning to fill up the next time I go to the farther away grocery store (since I walk to the closer one) - but I haven't needed to go to that store all week and still have nothing I need there!  I hate to make a trip out just for gas, but I may have to at this rate.

RetiredAt63

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Re: Mustachian People Problems (just for fun)
« Reply #5971 on: January 28, 2019, 08:13:49 AM »
Last time the fuel was cheap, I filled up the car with cheap diesel. Recently DH went for his work to Sweden and drove a couple of hours. On the way back the tank was pretty empty, but he didn't want to fill it up completely with expensive fuel (as fuel prices vary a lot). Now the tank is again almost empty with the warning light on. Sunday afternoon and Monday morning fuel prices tend to be cheapest. But because of a snow storm yesterday we didn't go anywhere on Sunday. On today I decided to walk to work, also to avoid snow chaos on the roads. On thursday afternoon we will again have to drive a long way and I don't know if I get a new option to fill up the tank for a low price.

Don't know if this is true or not, but I've been told that in extreme cold temperatures, it is best not to get close to running out of fuel.  I've been told that any impurities or potentially water (or condensed or otherwise) will be more prevalent in the tank and fuel lines when your tank is almost empty -- and is more susceptible to freezing and causing a problems...

And if there is an emergency and you need the vehicle, you don't have much fuel in it.  Around here the most likely emergency is power loss due to heavy snow/freezing rain, so it doesn't have to be something dramatic like a hurricane.  No power means no power for the pumps so no fuel.

In winter I fill up when my tank gets to half, no matter the price.  If prices varied that much over the week, I might take the car to a nearby gas station to fill up on a cheap day, and do whatever errands need doing on the way.

Linea_Norway

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Re: Mustachian People Problems (just for fun)
« Reply #5972 on: January 29, 2019, 12:21:35 AM »
I don't like to have an almost empty fuel tank either. But in this case, I hadn't realized that DH had emptied the tank so much.

This morning (tuesday) on my way to work, I drove to the next village where there is a petrol station. The diesel was pretty cheap. Normally the cheap day is Monday morning, so I was lucky. I also used the cash back credit card for the petrol chain, so it should even up even cheaper. I had forgotten to plug in the motor warmer cable, so the car had to start with a cold motor at -10C, but it still worked. This weekend we go to a colder area where the diesel works noticeably worse because of the cold and we have no motor warmer available. I think the petrol stations in Norway even blend som petrol through the diesel in the winter to prevent it from getting too thick.

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Re: Mustachian People Problems (just for fun)
« Reply #5973 on: January 29, 2019, 04:21:49 AM »
...so the car had to start with a cold motor at -10C, but it still worked. This weekend we go to a colder area where the diesel works noticeably worse because of the cold and we have no motor warmer available. ...

At those temperatures a diesel needs fuel conditioner.  You can get it at any auto parts store and some convenience stores.  Cheap insurance, and good for longevity. 

Gerard

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Re: Mustachian People Problems (just for fun)
« Reply #5974 on: January 31, 2019, 08:45:15 AM »
My mustachian people "problem": I had planned to retire in early July. HR tells me that work years and retirement are calculated at end of semesters, so my official retirement date will be Aug 31. Yes, they're going to pay me to do virtually nothing for two months, because that's "policy".

The problem part is re-planning my tax strategy for the year. I think I can manage...

LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #5975 on: January 31, 2019, 11:44:39 AM »
My mustachian people "problem": I had planned to retire in early July. HR tells me that work years and retirement are calculated at end of semesters, so my official retirement date will be Aug 31. Yes, they're going to pay me to do virtually nothing for two months, because that's "policy".

The problem part is re-planning my tax strategy for the year. I think I can manage...

The problem will be if they expect you to do nothing. Because that is deadly.
It is tried method to get rid of unwanted employees that are unkickable under normal circumstances. You place them in front of an empty desk and order them to watch that desk (or a survailance camera pointing at a wall - you get the idea). Nothing more.
If they start doing anything else - like reading the newspaper (or today more playing on their phone) you have a reason to kick them.

Fish Sweet

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Re: Mustachian People Problems (just for fun)
« Reply #5976 on: February 01, 2019, 09:50:40 AM »
Starting off the new year trying to decide if I want to empty my savings account into my Roth IRA or churn a couple of bank accounts before maxing out the Roth.  I didn't keep enough cash on hand to do both (only anticipated the Roth before I started reading about bank account churning here on MMM, thanks guys!) so feeling kind of conflicted at the moment.

Also planning on making some big IKEA furniture purchases in the near future, so I'll probably spring for a credit card and then cancel as soon as buying time is over.   I don't have enough room in my wallet for another card.

TomTX

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Re: Mustachian People Problems (just for fun)
« Reply #5977 on: February 01, 2019, 12:28:56 PM »
Starting off the new year trying to decide if I want to empty my savings account into my Roth IRA or churn a couple of bank accounts before maxing out the Roth.  I didn't keep enough cash on hand to do both (only anticipated the Roth before I started reading about bank account churning here on MMM, thanks guys!) so feeling kind of conflicted at the moment.

Also planning on making some big IKEA furniture purchases in the near future, so I'll probably spring for a credit card and then cancel as soon as buying time is over.   I don't have enough room in my wallet for another card.

If you intend to do CC churning longer term, just keeping the card (and downgrading at annual fee time if there is one) is typically more beneficial.

Fish Sweet

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Re: Mustachian People Problems (just for fun)
« Reply #5978 on: February 01, 2019, 03:00:20 PM »
Starting off the new year trying to decide if I want to empty my savings account into my Roth IRA or churn a couple of bank accounts before maxing out the Roth.  I didn't keep enough cash on hand to do both (only anticipated the Roth before I started reading about bank account churning here on MMM, thanks guys!) so feeling kind of conflicted at the moment.

Also planning on making some big IKEA furniture purchases in the near future, so I'll probably spring for a credit card and then cancel as soon as buying time is over.   I don't have enough room in my wallet for another card.

If you intend to do CC churning longer term, just keeping the card (and downgrading at annual fee time if there is one) is typically more beneficial.

I've only recently started doing CC churning, but I find it a little discomforting to have a whole bunch of different credit cards and credit lines open, to be honest.  I'd rather keep 3-4 max and cycle in and out of another 2-3.  That said, I'm still relatively new to churning-- does that make sense?

TomTX

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Re: Mustachian People Problems (just for fun)
« Reply #5979 on: February 02, 2019, 11:47:06 AM »
Starting off the new year trying to decide if I want to empty my savings account into my Roth IRA or churn a couple of bank accounts before maxing out the Roth.  I didn't keep enough cash on hand to do both (only anticipated the Roth before I started reading about bank account churning here on MMM, thanks guys!) so feeling kind of conflicted at the moment.

Also planning on making some big IKEA furniture purchases in the near future, so I'll probably spring for a credit card and then cancel as soon as buying time is over.   I don't have enough room in my wallet for another card.

If you intend to do CC churning longer term, just keeping the card (and downgrading at annual fee time if there is one) is typically more beneficial.

I've only recently started doing CC churning, but I find it a little discomforting to have a whole bunch of different credit cards and credit lines open, to be honest.  I'd rather keep 3-4 max and cycle in and out of another 2-3.  That said, I'm still relatively new to churning-- does that make sense?

Average age of accounts is a fair sized factor in whether you are granted more cards, particularly premium cards and cards from certain issuers (they all have their own quirks) - I would rather just keep the card open and let it age.

It can also look bad to issuers if they see that you are opening cards and then immediately closing them after getting the bonus.

Sugaree

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Re: Mustachian People Problems (just for fun)
« Reply #5980 on: February 02, 2019, 12:06:32 PM »
Starting off the new year trying to decide if I want to empty my savings account into my Roth IRA or churn a couple of bank accounts before maxing out the Roth.  I didn't keep enough cash on hand to do both (only anticipated the Roth before I started reading about bank account churning here on MMM, thanks guys!) so feeling kind of conflicted at the moment.

Also planning on making some big IKEA furniture purchases in the near future, so I'll probably spring for a credit card and then cancel as soon as buying time is over.   I don't have enough room in my wallet for another card.

If you intend to do CC churning longer term, just keeping the card (and downgrading at annual fee time if there is one) is typically more beneficial.

I've only recently started doing CC churning, but I find it a little discomforting to have a whole bunch of different credit cards and credit lines open, to be honest.  I'd rather keep 3-4 max and cycle in and out of another 2-3.  That said, I'm still relatively new to churning-- does that make sense?

Average age of accounts is a fair sized factor in whether you are granted more cards, particularly premium cards and cards from certain issuers (they all have their own quirks) - I would rather just keep the card open and let it age.

It can also look bad to issuers if they see that you are opening cards and then immediately closing them after getting the bonus.

On this note, make a plan before you just start applying for anything and everything.  For example, Chase will turn you down if you've opened 5 or more cards in the last two years.  So, if you want any of the UR family of cards do that first. 

MikeBT

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Re: Mustachian People Problems (just for fun)
« Reply #5981 on: February 02, 2019, 06:08:14 PM »
I live in Australia where there are two types of schools - public and private. It's roughly 2/3 and 1/3. Private schools cost up to $40,000 a year.

It's an insane amount of money.

The strange thing is that many middle class families send their kids to private schools. They have to absolutely blow the budget to do so, but they do it as a mark of pride. Strange, because as far as I can tell (from asking my private school educated friends), all the benefits of a "private education" were ephemeral: better facilities, posher surroundings. Those things are nice, but I don't think they add anything to the skillset or gumption of a child.

I suspect the only real benefit of a private school education is that your kids learn "class manners" and related trappings earlier. But if you really care about it that much, send them to etiquette class, or something. Or teach them yourself. Or get them to network in university and they will learn it all, maybe a bit later than the other kids, but early enough to still get a good job.

This comes up because the other day an acquaintance of mine made a snide comment about my car being somewhat extravagant. I shot back - "Well it's a lot less than 6 years of private school education, and at least it has an objective benefit." Hehe.

Steeze

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Re: Mustachian People Problems (just for fun)
« Reply #5982 on: February 02, 2019, 07:56:09 PM »
MPP: I owe 2200 in taxes and I was expecting a return. Now my savings rate will drop to 45% next month to cover the bill. I will have to talk to HR to ask for additional withholding this year. Worst of all my February numbers are going to be unimpressive when I enter them in my spreadsheet. Sad.

RWD

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Re: Mustachian People Problems (just for fun)
« Reply #5983 on: February 02, 2019, 09:55:14 PM »
MPP: I owe 2200 in taxes and I was expecting a return.
My Mustachian problem: knowing the difference between a tax return and refund and having to hold myself back from correcting others who use it wrong. I think I failed...

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #5984 on: February 02, 2019, 11:19:04 PM »
MPP: I owe 2200 in taxes and I was expecting a return.
My Mustachian problem: knowing the difference between a tax return and refund and having to hold myself back from correcting others who use it wrong. I think I failed...

Just hold yourself back long enough for some other schmuck to point it out for you

rantk81

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Re: Mustachian People Problems (just for fun)
« Reply #5985 on: February 03, 2019, 06:31:51 AM »
My MPP Tax problem: I've done everything I can possibly do so far in TurboTax for the 2018 filing (including extremely complicated things like dealing with rentals, the sale of rentals, backdoor Roth conversions, and more.)  And even though I'm expecting a very large refund, I cannot file yet, because I am still waiting for a couple of 1099-B forms to roll in from two brokers.

Fish Sweet

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Re: Mustachian People Problems (just for fun)
« Reply #5986 on: February 03, 2019, 11:33:28 AM »
Starting off the new year trying to decide if I want to empty my savings account into my Roth IRA or churn a couple of bank accounts before maxing out the Roth.  I didn't keep enough cash on hand to do both (only anticipated the Roth before I started reading about bank account churning here on MMM, thanks guys!) so feeling kind of conflicted at the moment.

Also planning on making some big IKEA furniture purchases in the near future, so I'll probably spring for a credit card and then cancel as soon as buying time is over.   I don't have enough room in my wallet for another card.

If you intend to do CC churning longer term, just keeping the card (and downgrading at annual fee time if there is one) is typically more beneficial.

I've only recently started doing CC churning, but I find it a little discomforting to have a whole bunch of different credit cards and credit lines open, to be honest.  I'd rather keep 3-4 max and cycle in and out of another 2-3.  That said, I'm still relatively new to churning-- does that make sense?

Average age of accounts is a fair sized factor in whether you are granted more cards, particularly premium cards and cards from certain issuers (they all have their own quirks) - I would rather just keep the card open and let it age.

It can also look bad to issuers if they see that you are opening cards and then immediately closing them after getting the bonus.

On this note, make a plan before you just start applying for anything and everything.  For example, Chase will turn you down if you've opened 5 or more cards in the last two years.  So, if you want any of the UR family of cards do that first.

Good to know.  Thank you to you and @TomTX !

Sibley

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Re: Mustachian People Problems (just for fun)
« Reply #5987 on: February 03, 2019, 04:28:12 PM »
My MPP: real life.

I wanted to redo the downstairs bathroom this year. I budget house stuff as "specific projects" and "pool for the unexpected stuff that breaks". Well, I just had record setting cold weather, and broke a pipe in the utility room. Damage was minimal, but really this means that I can't put off fixing the lack of insulation and other issues in the room. So the bathroom is off the project list, to be replaced with the utility room, and I'm sad. But also too stubborn to modify the budget.

Zaga

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Re: Mustachian People Problems (just for fun)
« Reply #5988 on: February 03, 2019, 05:15:04 PM »
Sibley, totally understand!

Rural

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Re: Mustachian People Problems (just for fun)
« Reply #5989 on: February 03, 2019, 08:38:14 PM »
Imma haveta pay $26 of penalty for underpayment of estimated tax this year. I try hard to keep that at zero, but the whole tax world changed and so did husband's employment and I had to get my withholding to account for the fact that his income was not wages and had nothing withheld. Close enough.

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #5990 on: February 03, 2019, 08:46:43 PM »
Imma haveta pay $26 of penalty for underpayment of estimated tax this year. I try hard to keep that at zero, but the whole tax world changed and so did husband's employment and I had to get my withholding to account for the fact that his income was not wages and had nothing withheld. Close enough.

Don't forget you don't have to pay it immediately.  Let the IRS send you a notice.  They might not!

Rural

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Re: Mustachian People Problems (just for fun)
« Reply #5991 on: February 03, 2019, 08:48:51 PM »
Imma haveta pay $26 of penalty for underpayment of estimated tax this year. I try hard to keep that at zero, but the whole tax world changed and so did husband's employment and I had to get my withholding to account for the fact that his income was not wages and had nothing withheld. Close enough.

Don't forget you don't have to pay it immediately.  Let the IRS send you a notice.  They might not!


Hmmm. Good point.

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #5992 on: February 03, 2019, 11:52:40 PM »
Imma haveta pay $26 of penalty for underpayment of estimated tax this year. I try hard to keep that at zero, but the whole tax world changed and so did husband's employment and I had to get my withholding to account for the fact that his income was not wages and had nothing withheld. Close enough.

Don't forget you don't have to pay it immediately.  Let the IRS send you a notice.  They might not!



Hmmm. Good point.

I wonder if this causes increase in audit risk, though.  Either way, I keep reading the IRS is way understaffed and not doing much in the way of audits.  (Not that I'm encouraging any kind of lying/fraud)

Rural

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Re: Mustachian People Problems (just for fun)
« Reply #5993 on: February 04, 2019, 04:37:48 PM »
Oh, I plan to admit to owing it; it's just there's a box you can check to ask them to calculate it. They're so overwhelmed they might just not.


Or, for $26, maybe I'll just pay up and avoid any risk at all.

Fomerly known as something

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Re: Mustachian People Problems (just for fun)
« Reply #5994 on: February 07, 2019, 05:37:02 AM »
More a MPP solution than a problem.  I have basic cable plus the internet.  The line into my neighborhood got damaged in an ice storm and haven't had it for a day.  People in the hood are complaining about not getting being able to watch TV and can't even see the local news, I broke out my Digital antenna and problem solved.

Linea_Norway

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Re: Mustachian People Problems (just for fun)
« Reply #5995 on: February 07, 2019, 07:05:07 AM »
During the lunch break at work, my co-workers were talking about funny TV commercials. Everyone except me and 1 other co-worker knew about these commercials, while we two fell out of the conversation because we had no idea what they were talking about. I asked the other silent co-worker if he didn't have cable TV either. He said he didn't have a TV at all, but he has Netflix. I only receive the state channel (via antenna) and that channel doesn't have commercials.

DadJokes

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Re: Mustachian People Problems (just for fun)
« Reply #5996 on: February 07, 2019, 07:16:19 AM »
Oh, I plan to admit to owing it; it's just there's a box you can check to ask them to calculate it. They're so overwhelmed they might just not.


Or, for $26, maybe I'll just pay up and avoid any risk at all.

If I'm not mistaken, the IRS is waiving a lot of underpayment penalties, due to the tax law change.

You might look into it, but if it's too much hassle, it's only $26 (please don't rain mustachian fire upon me).

Rural

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Re: Mustachian People Problems (just for fun)
« Reply #5997 on: February 07, 2019, 02:24:37 PM »
Oh, I plan to admit to owing it; it's just there's a box you can check to ask them to calculate it. They're so overwhelmed they might just not.


Or, for $26, maybe I'll just pay up and avoid any risk at all.

If I'm not mistaken, the IRS is waiving a lot of underpayment penalties, due to the tax law change.

You might look into it, but if it's too much hassle, it's only $26 (please don't rain mustachian fire upon me).


 You have to have paid at least 85% of the tax owed for them to waive it this year. Most years it's 90%. We didn't pay anywhere near 85%. :-)

Dollar Slice

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Re: Mustachian People Problems (just for fun)
« Reply #5998 on: February 07, 2019, 09:37:53 PM »
I was walking past a ritzy shopping center in midtown Manhattan today and some guy on the sidewalk stopped me to try and get me to go to their expensive hair salon (I think handing out coupons or something). I really didn't know where to start explaining that I cut my own hair...

Hirondelle

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Re: Mustachian People Problems (just for fun)
« Reply #5999 on: February 08, 2019, 04:08:45 AM »
I have a friend visiting who asked me if I could recommend him a mall to go to. I told him there's no malls in my city and he could just roam around the shops at the city center. Turns out, there is a mall in my city. How should I have known?!