General Discussion

Narcissistic bosses

Bobbie Kehoe
I'm just wondering if any of you have had a narcississtic boss. How was that? Would love to hear more about itRead More...
I've had one narcissistic boss who was also the owner, and it was the only job I was ever fired from. Ironically the day I after I was fired there was a business article in the local paper about my sales ranking and awards within the company which had been submitted days earlier. I couldn't have asked for a better "stick it"! He and I clashed on ethics, something I've never felt I needed to compromise in business or personal life. I wasn't the only person he tried to control to his...Read More...
My friend's daughter is going through the learning experience of narcissism from her soon to be ex-husband. He is insecure, jealous, and trying to isolate her-making her off balance and think she is the one with the problem. This escalated. In my opinion this could have been avoided by getting to know the person you are going to take vows with for a long period of time-years. That way you can see how they handle stress, finances, relationships, and of course family. Before the marriage, they...Read More...
Last Reply By mintjulep · First Unread Post

Selling my Timeshare

Debra Benigno
I want to. sell my Marriott timeshare. I don’t hold a mortgage on it. I pay an annual fee of $1400. My deeded week is platinum, is lifetime and can be passed on after death. Marriott no longer offers this option. I’ve been an owner for 17 yrs. The timeshare no longer fits my life style. Any suggestions? Timeshare Companies want $1500 upfront, before they sell.Read More...
Well, it’s a Marriott you get what you pay for. Your paying for the amenities they offer, guaranteed. Renting on a daily basis is way more expensive.Read More...
Everything I have seen over the years makes me very cautious. I would even be uncomfortable with Air BnB. Yes, I have been enjoying the moon and the cool brisk air. Hope you are, too.Read More...
Last Reply By Debra Benigno · First Unread Post

What do you do with your junk mail (paper mail)?

Wondering how everyone feel about so much junk mail we get. Most people I have come across hate it but a few of them like browsing through it. I am just sad how much paper is wasted.Read More...
If there is a “postage paid addressed envelope” included I stuff as much of it as I can into it and mail it back to them with some sort of a note like do not forward or no more spam please. Believe it or not it works in two ways first by using then by preventing at least some junk mail. Digital junk mail aka spam is a different topic altogether.Read More...
Interesting, thanks for sharing!Read More...
Last Reply By Alisak · First Unread Post

Email from The Penny Hoarder - *Snow* of hands

Did I misunderstand what we were supposed to receive in the report from The Motley Fool with 'five of their favorite companies with women leaders'? The report actually only provided one with a teaser to sign up for their Motley Fool Stock Advisor.Read More...
Thank you, Theodora. I do see it now. Happy Thanksgiving!Read More...
@dino0726 you should have received these via email --- be sure to check your spam folder. The subject line should read: "Here are the 5 stock recommendations you requested" - I just tested it and it went into my spam folder.Read More...
Last Reply By dino0726 · First Unread Post

What to do with a significant salary increase?

Clint Jusino
Hello Penny Hoarders! I was recently blessed with a job offer at an international global company that is in the fortune 750 club. My salary will increase will be 42.5K. I wanted to know how to deal with the new income? I have no emergency fund, several maxxed out cards and little 401k. I would also like to invest using Fundrise. If anyone can give me any guidance or been in my shoes I would be so grateful. Thank you everyone!Read More...
What a great problem to have! I would start with knowing how much more a month that gives me. Then I would earmark a certain amount toward paying off debt, adding to my 401, and emergency fund. Each month I would invest a small amount in a suggested investment. Don't forget to give yourself some fun money to enjoy! That is also important, as you earned it.Read More...
I would add a small amount and up your 401K...every little bit will benefit you down the road!Read More...
Last Reply By Rosemary McKinley · First Unread Post

Kindle Direct Publishing (KDP)

Old Skool Pop 5000
Does anyone know or is involved with Amazon KDP? And do you have any good tips on how to get started for "passive" income opportunities? Thank you, Old Skool Pop :)Read More...
Thank you for your offer! I think my best writing would be mystery or slice of life.Read More...
@MsKimberly What genre are you considering in your writing? I write poetry, short stories, religious writing and I even write lyrics for music. Living here by Nashville, I've been asked by some up and coming singers and songwriters to write and collaborate in works. It's tempting. Right now I'm working on a book I've entitled "Dearing", a cross between a mystery and thriller. It's in it's early stages. I hope to get Christmas Creek, another short story finished and submitted to a publisher...Read More...
Last Reply By MsKimberly · First Unread Post

upside down car loan

Don Kapsuleas
Hello everyone. What are ways of taking care of an upside down car loan?Read More...
Aside from having the cash to pay the difference, not much. If you try to private sale it, you'll need cash and a way to get the title from the bank. If you want to turn it in to the dealer to get rid of it, you'll need cash to do so. And if you trade it for another vehicle, the underwater part will just get tacked on to the new loan defeating the purpose. Some people have had success with getting small personal loans to use as the cash to get out from an underwater car and then pay that...Read More...
Last Reply By LeighofMar · First Unread Post

Not Starting, Is FAILING!

Moore Income
I was reading a book yesterday, eSCAPE by Anik Singal . In the book, he talks about how many people refuse to try something because of their fear of failure. He goes on to say that by failing to try, they have already failed and actually the odds would be better if they simply gave it a shot. This is especially true when it comes to financial fitness and creating a better financial future. Many people won't even start the journey because they fear it will be too difficult. But if you think...Read More...
Actually I look at things a bit differently in regards to this subject although I do agree that not stepping out isn't beneficial in any endeavor (not just financially). My take is that it's a given that anyone who takes on something new (whatever it may be) is going to make mistakes. You fail only when you do not learn from those mistakes. How many times did Edison try before success. He looked at all those efforts as opportunities to learn better ways to make a lightbulb. And now the whole...Read More...
Good remind, thanks! I needed this today.Read More...
Last Reply By DMB · First Unread Post

Saving on a Fixed Income

Jeanne Featherston
I mentioned this in my Welcome message but hope to get a conversation going to learn how people save money while living on a fixed income. I'm 64 years old and live in Michigan, work 35 hours a week right now and am lucky to be debt free. I hope to retire in the next year or two and feel that my biggest challenge will be learning how to save extra money and if after a crisis may arise, how to rebuild my emergency fund. I'm currently trying to set myself up with extra jobs such as house/pet...Read More...
Jeanne. I'm on a fixed income which means I need to make smart desicions when I spend. You need to separate yr needs from yr wants. Like for instance, can I watch how you spend yr money on food? Food is always a big drain on anyone of our pockets, esp as the food in the store goes up. So there is a way to cut spending when it comes to that. Before you go to the store, look at what u have already in yr fridge or pantry or freezer and try if u can to make a list of items, that will be of the...Read More...
I grew up in Southern California and went to a Camp Fire Girls camp for 14 years. I love it also.Read More...
Last Reply By Arthur Mantzouris · First Unread Post

The FAQ UnCertainity

Ronnie Arnett
Is video-streaming service like Hulu & Netflix is worth your cash in US. I support Netflix for the content that available in different genres. But Hulu gives a cheaper subscription to nation. How you think of this... ThanksRead More...
Hey, You're supposed to be encouraging us to give up all that extra cost stuff, but I think you just talked me into keeping my Netflix AND ordering Disney +!! Just kidding! I'll cut back on Christmas shopping, increase charitable giving a little, keep Netflix and NOT order Disney+ (until I give up Netflix).Read More...
My wife and I stopped our subscription to Netflix a while back simply because we didn't watch it enough. But even with the recent price increase, I think it is still worth it for the amount of content you get access to. With the recent introduction of Disney+, I might have to subscribe simply because my wife loves watching some of the shows from her childhoodRead More...
Last Reply By dboothe · First Unread Post

Savings

Kandy Bradshaw
If you had a small savings put back but it is enough to pay out a couple bills, would you do it or keep your savings and keep struggling check to check?Read More...
This can be a tough one because I know many people who would say "you should never touch your savings account as that money is for your future"... but what future if you are running behind on your bills and can never seem to get ahead? As mentioned by @redcatcec most savings accounts pay you such little interest. Over time, because of inflation, the amount of money you receive in interest is less than the rate of inflation so with a savings account you actually end up losing money in the...Read More...
That is the reason I have kept my savings. Sometimes I have to have fall back on money. Thank you for your input!Read More...
Last Reply By Moore Income · First Unread Post

This week in... The Penny Hoarder Community

Ashlee
Happy Friday! Whew! Where has this week gone? Here’s your weekly round up of announcements to get you through today and into the weekend... We’ve crowned our November Member of the Month. Join me in congratulating Lisa Acu ñ a (@lismox) for being selected this month’s winner! We all appreciate your help around here, Lisa. Each month we look to crown a new winner. We’re looking for someone who is super helpful and active in the community. Each winner receives a $25 gift...Read More...
Not a problem, @Lesley Michele .Read More...
Thanks Average Joe😁😁😁😁Read More...
Last Reply By AverageJoe · First Unread Post

New A/C Payout Now or Finance Later?

James Nixon
I have the opportunity to replace my 17yo A/C unit and pay cash, but the unit is running and has a new controller and compressor replaced last year. My question is should I payout 7k for a new unit now or run this unit out and finance the replacement down the road? #goodproblemtohaveRead More...
I have a very similar situation myself. My HVAC system is 29 years old and it's living on borrowed time. 7K to replace everything and I'm going to do it. I figure the sooner I start running something efficient I'll be saving money due to the higher efficiency of the new unit, so I'll be saving money every month. The power company sends out monthly "usage" figures and they say my house consumes 42% more energy than the houses around me.Read More...
I saw your post, and signed up so I could reply. I am an HVAC service tech, and if you recently replaced the compressor and controller, that is a big deal. If this unit is not giving you problems I suggest keep running it. Although do take care of it, change your air filter Every month, and keep your outdoor condensing unit always clean. Use you garden hose and rinse the coil clean, often. That is how it rejects the heat inside to cool you. if you have any questions just ask.Read More...
Last Reply By Jimi · First Unread Post

Happy November!

Ashlee
We’ve made it to the end of the week and the start of a new month Penny Hoarders! Who here can’t believe it’s already November? 😳 This week I want to know if you’re a planner or a procrastinator… Do you start planning and budgeting now for holiday purchases or wait until the last minute? What about your New Year’s resolutions? And now for this week’s announcements… We just hit a HUGE milestone Penny Hoarders… 10,000 community members! Join us in a celebratory happy dance, then go check out...Read More...
@Susan L. Miller We have used Freecycle off and on for years. We got the foot and headboards for our queen-sized bed through the program. We have seen many items we no longer use go to other homes that would use them and recommend it heartily! We have also used our "Marketplace" here in our area on Facebook to buy and sell things. There are so many ways to go and programs to use! Happy selling...and as one of our mentors says "Think..and grow RICH!"Read More...
I'm not sure how many were here when I joined the Penny Hoarder Community, but I do know that it seems as if we've grown by leaps and bounds. I've met some interesting people and like having information and ideas coming in! May we continue to grow in numbers as well as in wealth.Read More...
Last Reply By AverageJoe · First Unread Post

Any tree huggers or anyone who supports sustainability?

Thinking of forming a small group to share best practices on saving trees, living sustainably, etc. Reply here if you're interested to be a part.Read More...
Hi @Vivian T. Pham - I created a community for us. Going to see if we find more people https://stopjunkmail.tribe.so/Read More...
YES! I'm interested in learning how to compost and get closer to producing zero waste overallRead More...
Last Reply By adcf292 · First Unread Post

How do I keep myself afloat?

DailyGrind
In June, I lost my job and had to survive on less than 2 months worth of severance. I have: $51,000 in credit card debt; $165,000 in student loans; and $6,200 owed to friends/family. I owe myself almost $4,000 from my retirement fund. Prior to getting laid off, I was already falling behind on rent and was taken to court by my former landlord so I moved to a cheaper apartment. Unemployment benefits were hardly enough to cover my rent, never mind my other living expenses (e.g. food,...Read More...
I'm real sorry to hear about your situation. Best bet is bankruptcy and try living way under your means. If your 165K into school debt than the last thing you need is a dog. Life is hard but it's the sacrifices you need to make to recover and be on top.Read More...
I agree with the others. Looking into bankruptcy may make the most sense for you. If you can take on any side gigs that might help too - check out the Pennyhoarder's side gig site: Pennyhoarder side gigs , Craigslist, or any number of other sites. I have done all kinds of extra work from jobs I found on Craigslist including focus groups.Read More...
Last Reply By Billy Brown · First Unread Post

AMAZON PRIME DELIVERY

OCTOBER-25-2019 HELLO PENNY HOARDER: I CANCELED MY MEMBERSHIP 10/24/19. I HAVE BEEN ON AUTO MONTHLY PAY $14.03 MONTH. THE DELIVERY DRIVERS WOULD LEAVE MY PACKAGES AT WRONG HOUSES OR LEAVE AT FRONT GATE***CITY SIDEWALK***. THEY WOULD NOT WALK 15 FEET TO MY FRONT DOOR-SECURE DELIVERY ON CAMERA. AND YET, THEY CLAIMED PACKAGE WAS LEFT IN A SECURE LOCATION. MANY TIMES THIS HAPPENED AND I FINALLY HAD ENOUGH. I BET THOSE DELIVERY DRIVERS WOULD NOT LEAVE THEIR WALLET IN THAT***SECURE LOCATION***. I...Read More...
We are gated across our front drive and the drivers won't enter our yard when we keep it closed........I can understand that. Sometimes there is a field when you leave your order, or with the tracking link that allows you to leave special instructions for the delivery person, if that might help you. We are seeing more and more grey Amazon delivery vans coming to our house instead of UPS or FedX. That could cause you a problem, for sure, because we have a different driver every time, where...Read More...
Last Reply By mintjulep · First Unread Post

Job loss, Retirement fund, credit debt

D. Morgan
Recently lost my job. Severance will float me for about 4 months. $70,000 in debt: $20,000 to family, $27,000 CC, $6500 student loan for my son, $14,500 car. Retirement fund will need to be rolled over into an IRA (currently in a 403b). I owe myself $11,000 from that fund. Question: Do I use funds from the retirement fund to pay off the debt (plus the tax and penalty for early withdrawal) become debt free, and spend the next 10 to 12 years (I'm 56) paying back into the IRA I established when...Read More...
I am in a similar boat as you... Lost my job in June with less than 2 months worth of severance. $51,000 in credit card debt; $165,000 in student loans; $6,200 owed to friends/family. I owe myself almost $4,000 from my retirement fund. Are you eligible for unemployment? Can you take on side gigs?Read More...
I also agree not to use the retirement fund, unless you're absolutely down to your last dollar. I hope things work out for you. Focus on keeping your skills current, networking, and looking for a job. Once you've found a job you can focus on paying your debt down.Read More...
Last Reply By DailyGrind · First Unread Post

Financial websites?

R Hopkins
This info is probably on the site somewhere, but I couldn't find it. What are people's favorite personal finance websites? Other than Pennyhoarder, of course. NerdWallet, Credit Karma, etc. ... what else, and what do you think of them?Read More...
Nerdwallet is the best. Their content is really good and understandable.Read More...
I absolutely love The Dollar Stretcher; been subscribed since around 2005.Read More...
Last Reply By adcf292 · First Unread Post

Switching car ownership

Susan Ortiz
Hi everyone. I have a question that no one seems to have an answer to so I'm hoping someone here can help. I financed a car for my daughter a couple years ago, her senior year, she is now 19 and wants to put the car in her name to help with her build her credit. The problem is no one seems to know how to do that with a car that still carries a balance. One person told us to trade it in and then put her down as a Co-buyer, then in a few months she could re-finance but that seems like a lot of...Read More...
Contact the lienholder which I am assuming is a bank. She will need a new loan that she qualifies for on her own merits and then they will transfer title to her name and their name. You cannot do anything without the lienholder/bank driving the transaction. Because no one can get them off the title so that you could make any changes.Read More...
Talk to a notary that handles car registrations and explain the situation. We had a similar problem in the family a few years ago and the notary was just great, she knew exactly what to do. If the notary can't help you they should at least be able to give you some suggestions as who to call. Lien holder would be one, I would imagine, if they are holding the title.Read More...
Last Reply By Leslie Kay · First Unread Post

I'm new here.

Tourette Tic
I was recommended this forum for people that are disabled (SSDI) I keep getting the run around and have a profound case of Tourette Syndrome. I am 40 years old and am highly educated (7 years full time in college.) I can not meet ends meet and I have my partner and here 3 kids, two in college now. I swear and violently jerk and make load sounds tics. It took me 8 years to be awarded SSDI back in 2008. I cannot afford to take care of my partner and her 16 year old kid on my meager $1200 a...Read More...
@Tourette Tic I'm so sorry to hear that you suffer from Tourette's. We have a very dear friend who was one of our professors in Bible college who has it. I'm not sure what position he holds now, but I do know that he was always cognizant of what could happen. He told us if we asked, and nobody ever made him feel like less of a human being. I hope and pray nobody ever does you, either. As the previous poster said, snap is often available, and many times there are many great attorneys who are...Read More...
This form is not specifically for disabled individuals. It is for anyone who wants to save money in one way or another. You may be able to get state funds, medicaid, and food stamps aka snap to supplement what you have now. Sometimes local churches will help, too. I am so sorry for what you are going through.Read More...
Last Reply By AverageJoe · First Unread Post

Finding a mortgage company on line!

So many fake everything is quicken a great mortgage company for refinancing & etc.Read More...
I've not personally used any online mortgage company but have heard good things about Quicken. I think if you have a good credit score, a good debt to income ratio, and funds to close (be it down payment or closing costs) there are a few good online mortgage companies. If you have issues with any mortgage qualifying procedures or requirements, I don't think you can beat a hometown, well experienced mortgage broker or small bank. Most of them allow you to submit docs online anyway, and I...Read More...
Last Reply By mintjulep · First Unread Post
I am 55 years old. I am being offered an early pension payout with the following options: Take a lump sum of my pension (~$30,000) now, before age 60 and roll it directly into an IRA (and thus be subject to the restrictions of the IRA on when and how much I can withdraw and selection of investments). No penalty or taxes withheld. Take a lump sum and roll into a currently active 401K plan (no penalty or taxes withheld) - however, I am currently unemployed, so unless that changes, this is not...Read More...
Never, ever cash out and pay penalties and taxes! Is this pension one that you would receive the monthly for the remainder or your life? If it is and you are in good then I would leave it where it is and draw at age 60 if no difference in the monthly amount between the ages. IRA rollover has potential if you are comfortable with some risk....if the economy turns and investments drop then you could lose a chunk of that money....Read More...
Well, with the article I just read about some pensions becoming insolvent, I would make sure that your pension company is covered with pension insurance so that your money is guaranteed and safe for future withdrawals. Assuming it's solid, I like the idea of getting a check besides Social Security in the future. (I'm assuming you're eligible for SS as well?" I think it helps with budgeting to have the different incomes accounted for. But #1 of transferring to an IRA and being able to invest...Read More...
Last Reply By Shannon H · First Unread Post

SSI/SSDI

KellyFromKeene
I just wanted to share a really informative article this week in TPH: https://www.thepennyhoarder.com/make-money/side-gigs/can-you-work-while-on-disability/?aff_id=86&aff_sub3=118394&aff_unique2=ITR-1747276&utm_medium=email&utm_source=daily&utm_campaign=daily20191018&utm_content=makemoney&sms=unsubscribed I work in the field and find the distinction confusing, and Adam did a great job explaining it in layperson terms. I sent the article out to several of my...Read More...
Thank you so much for sharing, @KellyFromKeene ! Glad you found it helpful.Read More...
This looks like a fine article. I have been wondering about that. This is one I will be sure to read. Thanks so much!Read More...
Last Reply By Adam · First Unread Post
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