General Discussion

How does a spouse establish a credit Rating

Scotirish
As a 74 yr. old with a pretty good credit rating, and in waning health; How does my wife establish her own credit rating. We have rented our entire 39 years of marriage and the only thing we have ever purchased was a used car 9 years ago. Would she have to purchase something in her name? Would it have to be something that would require credit approval?Read More...
I wanted to add that if your wife doesn’t have any credit, an alternative is to add her as another user to your credit card. This will help her start building her own credit. Once she built her own credit open a new card in her name only. Keep in mind that the joined account will affect both of your credit, so make sure you pay off the balance every month.Read More...
Thank you sir, excellent advice. I'll look into that route.Read More...
Last Reply By Missy_P · First Unread Post

Equifax, Transunion and Experian.

Wilma Ingram
Why does the three anive companies say" If you apply for the sugested credit cards," checking/applying "won't hurt your credit score" ? Boloney ! I did as they suggested. My credit score dropped ! Also I've had wrong thing's listed on my 3 credit scores, I keep telling them, they don't listen.Read More...
@Wilma Ingram I don't know anything about that. Thanks for bringing it up. I will be keeping that in mind.Read More...
Last Reply By MsKimberly · First Unread Post

Need a new cell phone

Kathryn Stempel
My cell phone is malfunctioning -battery not holding a charge back cover is coming off. I've looked into buying a new one but they are crazy expensive- $300+ for the cheapest one from At&t. I don't want to pay $20+ for 30 months. Any tips where to find an affordable phone?Read More...
Try H20, $27 a month, runs on ATTRead More...
I recently purchased a new Samsung Galaxay A30 from Walmart for my mom for less than $250 delivered to her. Phone new and unlocked so able to use with any carrier. She likes it and is still learning to use it.Read More...
Last Reply By Rainbowgc46 · First Unread Post

Zero Based Budgeting

Scotirish
Let me get my morning dissertation out of the way because I have big plans for today. I do have to remember its National Fried Chicken Day and I have to fit that in later as well but I better not wait to long. Zero Based Budgeting: The term seemed frightening at best especially since In the letter I had sent out that I only had the 'Rudimentary skills of a bookkeeper' And even that course I learned in prison some 13 years ago. I also mentioned in the letter that I ha d just gotten out of...Read More...
I Luved ur post! Good Job!Read More...
Last Reply By Mazydazy11 · First Unread Post

Secret Money Saving Hacks

Looking to start a thread of money saving hacks. For example, Verizon offers military discount and $5 off if you go paperless. If you order a new card from Bank Of America; go online and say it was stolen (save the $5 charge), negotiate with Sirius and Dish. Never buy water from WaWA (get the free large cup!). What's your money saving hacks?Read More...
I’ve saved with Honey on almost everything! It seems to find the most incredible savings for me that it just makes me giggle when I see my bottom line...I love it!Read More...
I’ve been using the Ibotta app for 4 years and have earned almost $500 on items I normally buy. All you do is add offers to your account - once you’ve bought the items, you take a photo of your receipt and then scan the UPC code on the product. You can also make extra bonus $ by joining a team and working together towards bonuses. Payment is made via PayPal. It’s so easy and the money adds us fast!Read More...
Last Reply By Christie · First Unread Post

Who else is on The Penny Hoarder while at work?

Deon Christie
The Penny Hoarder had rather quickly become my favorite platform. As I find myself spending more time here with the Penny Hoarder community than any of my other social profiles. So much so, I often pop in just for a quick check while at work. I am however fortunate enough to not have a boos looking over my shoulder, because I work in our family business as an Electrical Projects Manager. But I'm sure different companies have different rules when it comes to internet access and social...Read More...
Earlier this year, ABSOLUTELY as I enjoy reading all of the tips, ideas and sharing with you all. However, the last couple of months I have been so busy with work that when I get home in the evenings the last thing I want to do is look at the computer. Slow down is coming soon for me at work as I need home/work balance again...Read More...
DEON CHRISTIE I sure will let you know if i need help with my blog. I don't do well in winter because of the athirst that i've. Now i understand when my mom would say her bones ache her. This winter we got down to -1 here yuck don't like it.Read More...
Last Reply By Shannon H · First Unread Post

Credit Report

So there is something on my credit report that should actually be on someone else's report because they were the perpetrator but it was in my name. How can I fix this?Read More...
Glad I could be of help @DebbieH5 , let me know if you have any other questions.Read More...
Oh, thank you so much for your prompt response.This helped me immensely. I took the leap of faith and now own shares also. So, again thank you for getting back to me.I really appreciate it. Have a great weekend and I will see you online.Read More...
Last Reply By Moore Income · First Unread Post

In between jobs, but my parents have financial control

Maya
Hi everyone, I'm in a little bit of a sticky situation. I'm in between full-time jobs, and only working 1-2 days on the weekend for about 4 hours a shift at about $12/hr. I live on my own with my cat, so I don't have many expenses, but they do exist, and my part-time job doesn't cover squat. The good news is: I have a lot of financial support from my parents. The bad news is: I have a lot of financial support from my parents. While I know that I'm extremely lucky and I appreciate my parents'...Read More...
Have you thought about an online work from home Job, I know a few that can help.Read More...
Have you looked into mystery shopping? It really doesn’t pay much, usually a couple bucks above the required purchase, but you can get paid to eat fast food or donuts, or go to the movies. Some companies post full day audit jobs too. I know when I was strapped for cash having a couple bucks to go to Taco Bell instead of eating out if the fridge at my parents was nice. You can gain experience in what expectations are in different service jobs, too.Read More...
Last Reply By Gary DeBoer · First Unread Post

Moving to Seattle

Hi All! Just joined and really excited to be here! Not sure if anyone has any thoughts, but I'm moving to Seattle (lived here 30 years ago - things have changed just a bit ). I want to rent a house and have spent about 6 hours looking at various property management sites as well as the usual Craigslist, Zillow etc. with no luck. Does anyone have any good suggestions on a good resource (or resources) that worked for you? Thanks so much!!Read More...
I also recommend you find a local real estate agency for information and suggestions. They know the different areas and also many of them manage rental properties. You might ask someone at your new place of business for a recommendation on a realtor. Good Luck!Read More...
I would check with your renters insurance company. Thereis www.findmyseattle.com Lease.invitationhomes.com I would try to get a referral from your current landlord if you are renting now. That might help if you're trying to get approved. There is the concierge thing someone mentioned with a real estate company but a cheap house in Seattle or anywhere along the Pacific coast is 2k/mo. so if you want them to help I wouldn't mention anything that sounds like your not going to spend the rest of...Read More...
Last Reply By Carol Burns Marshall · First Unread Post

The person moving that needs help finding a rent house

Contact a Realtor Company in the area, they are the best resource.Read More...
I would recommend looking for a home, condo or apartment outside the City of Seattle unless you enjoy excessive rules, regulations, taxes, drug dealers and homeless people harassing you. I used to love Seattle but no it's a cesspool.Read More...
Download the (apartment list app) it lets you be very specific about what you are looking for and then gives you options in many categories. It’s very helpful!!Read More...
Last Reply By Carol Ann Hughes · First Unread Post

Payoff my Mortgage

How can I pay off a 30 year mortgage before I retire in 10 yearsRead More...
An example of my own mortgage. I make my mortgage payment and balance goes to XX,990.00. On the amortization schedule, I'm at payment # 151/360. I make the 90.00 overpayment the following week so now my balance is XX,900.00. On my amortization schedule, I'm now at payment 152/360 just from making the overpayment. So I've cut off another month with a small overpayment and inch ever closer to paying off my mortgage faster than somebody who just pays the minimum payment and will for the next 30...Read More...
How does the 0.00 help pay down debt quicker? seems as though you are still paying the same amount.Read More...
Last Reply By LeighofMar · First Unread Post

Judicial system squeezing the life out of people

LostNaDESERTofDEBT
So I have found myself in between a rock and a hard place. I have debt piling up faster than I can pay it and it's all from the judicial system In One way or another. I have fines to pay to the magistrate court and also the municipal court. Ong with probation cost and child support. The problem is that this all stems from child support to a woman who refuses to let me see my child who I love more than my life itself, and who in truth was the one who left me high and dry while I was trying to...Read More...
Thank you everyoneRead More...
T DRIVEe are you located? The system here in Cali is the worst. Seriously. You men get truly screwed. Im sorry you are in the situation you are in. Here, we have a legal aide office in the courthouse, specifically to help with stuff like this. They can help my bf with his court stuff AND his child support issues. He is in the same **** boat as you. Crazy. Anyways... Stop driving. Youll just get caught again. they've got your number, so why make it easy? Stop. Find a friend, family member,...Read More...
Last Reply By LostNaDESERTofDEBT · First Unread Post

Private money lenders

I am investing in real estate and would like to know about private money lenderRead More...
These are all excellent tips, Brandi. I too live in Houston and have a single rental property now for 6 years now. I'm too exhausted (health) to look for more. I have found excellent advice on the Bigger Pockets site, and I get a list of private lenders about every 2 weeks or so from a source that I'm not sure about. They may come from my realtor. I'd also consider taking equity out of current rental for my next purchase. But, that's for another day.Read More...
I got into real estate investing a few years ago. I started out by attending some RE investment club meetings. I'm not sure where you live but here in Houston there are a couple good ones called the Rich Club and the wealth club. From there I networked and found a coach to teach me the ropes. I then began doing what I learned. Networking is the best way to find private money lenders but actually anybody can be one. All they need is access to cash to loan. This can be their 401k or the like.Read More...
Last Reply By sthom · First Unread Post

Any ideas to save money on a cross country move?

MrsD08
My husband just accepted a job offer in Arizona. (YAY!) We live in Illinois. We're moving without a moving company and are just overwhelmed thinking about it all! He needs to be in Arizona in 3 weeks. Our lease is up in mid-July and I will be staying here packing stuff (and selling, donating and pitching). We have decided not to move a bunch of our furniture. We have one vehicle, an SUV that we are putting a trailer hitch on. I have a loaner from my in-laws that won't be going with us. ANY ...Read More...
I've made many cross-country moves. My family typically goes to the liquor store to get boxes--they always have them, they're a good size, and the liquor store typically wants to get rid of them. In college I rented a half-furnished apartment and made my own furniture--end tables and the like--out of cardboard boxes covered by a throw blanket. If you're looking for packing material, a lot of larger cities have free newspapers.Read More...
We just completed a cross country move and used PODS for our stuff. You pack them yourself and they are dropped off at your destination. You're given a little time to unpack, then they pick up. U Haul has a similar service. // Packing materials. Newspaper end rolls. You can get them cheap at your local paper. Cardboard boxes, try freecycle or craigslist for free ones. Pack things in things. We had just gotten a new fridge so weren't inclined to get rid of it before the move. After taking all...Read More...
Last Reply By BeckAtsila · First Unread Post

Misfits Market

Hi has anyone used the Misfits Market for your fruit and vegetables? What was your experience? https://www.misfitsmarket.com Thank you!Read More...
I have never heard of them until today, but depending on where you live, it might be a great way to get fresh produce!Read More...
I have never heard of it here in FarNorCal... Interesting... Keep me posted 🤣Read More...
Last Reply By Moore Income · First Unread Post

Kelley Blue Book vs Retail

Car buying: what is different between kelly blue book and retail?Read More...
There has always been much confusion when it comes to car pricing. I'll never forget my very first brand new car, that Toyota I paid FULL sticker price on, not knowing I could negotiate the price! That hard life lesson taught me to always negotiate and research pricing. KBB is just one source of pricing both new and used cars. Others include NADA etc. Which is better? Usually depends if you're the buyer or the seller! If you're trading your car in, you want the highest value for it while the...Read More...
I wish I knew more about this! This is what I found with a google search of your question. About Kelley Blue Book ® Values For over 90 years, Kelley Blue Book has been The Trusted Resource for used car values, helping car owners understand what their used car is worth. Depending on the method of disposal, there actually may be more than one Blue Book Value for the consumer's car, truck or SUV. The Kelley Blue Book Trade In Range shows what a consumer can expect to receive for their car this...Read More...
Last Reply By Ken Lyons · First Unread Post

Oldest credit card versus change in terms & conditions

SarahMastersOn
I have had a Chase Slate card since 2005, it is my oldest open account with a 9.9% APR. Well, Chase is 'upgrading' my account to a rewards card with a 15.74% variable APR. I personally don't like rewards cards because of the higher APR charged (unless the balance is paid in full each month). My questions are: 1. since this is my oldest open account what impact will closing this account have on my credit rating (currently around 813)? 2. should I just leave it open and not use it? Thanks in...Read More...
Thank you; that totally makes sense.Read More...
@KimK Because a part of your score is determined based off of the "age" of your credit history. It takes the age of all your accounts and averages them out to create part of your score. So, in that case, if you have an account that is 8 years old, one that is 3 years, and a 1 year old account, and you remove the 8 year one, you lose those years of credit "age". Your credit score will then drop because now it is just averaging out the two lesser ages of credit history. At least that is the...Read More...
Last Reply By KimK · First Unread Post

Senior Traveling

I am finally a senior ( Yeah!). I would like to go traveling but I am interested if anyone in the community travels with any Senior groups. I am kind of tired of waiting for that perfect time so others can travel with me so I am thinking of traveling alone. So much to see, so little time. Please share your stories and traveling experiences with me.Read More...
I have done bus tours though Eurpoe & it was a mix of families, couples, friends & single travellers. I liked the bus tours too because I didn't need to worry about train connections, driving & navagating (and missing the views!) booking hotels, etc. I got to check out the flavours of Europe & find out where I wanted to go back to spend more time. They did have the options to share a room with someone else for a discount or have your own hotel room. The group eats some meals...Read More...
Always thought of traveling but am by myself and not sure that would work. So any thoughts on groups would be appreciatedRead More...
Last Reply By Nicole · First Unread Post

Buying or leasing a car

Amber Hurd
I am currently in a lease in the car that I am driving. The only issue that I am having is that I put some major miles on my car. I was only allowed 12,000 per year and I have averaged roughly 22,000 miles in the just 2 years that I have had it. It was brand new and only had 22 miles when I got it and now its up over 47,000 miles. I travel back and forth to work 31 miles one way (62 round trip) plus the same town where I work is where my son goes for his therapies and doctors visits that he...Read More...
@Amber Hurd Certified pre-owned cars from the dealers can offer a great buy for cars with low mileage. In many instances, they will have cars that have only been used for test drives and are like new for a substantial savings in comparison to new car sticker pricing.Read More...
Generally speaking, the best time to buy a new car and get advantage of as any discounts as possible is toward the end of the year. For example, I bought my car at the end of the year, just before Christmas. I did not purchase the most recent "version" of the car. This was at the end of 2015, and dealerships were trying to get the "old" 2015 stock off the lot, so I saved a ton of money by getting a 2015 instead of a 2016. It also opened me up to getting 0% APR financing, since they just...Read More...
Last Reply By Theodora · First Unread Post

seniors

Marion Lewis
I would like to know how senior citizens living on only a pension are managingRead More...
I live in Canada and its the same here. Also widowed so it got tighter when my hubby passed. The rents are sky high up here too. We do have some medical coverage but its getting less and less all the time.Read More...
They have to stretch like a rubber band.. many times having to do without. I own an outdated car and I pray over it every time i have to go very far. Can't afford a trade up..Read More...
Last Reply By Marion Lewis · First Unread Post

Hello all

Lost-n-Life81
Just wanted to say hello, I am @Lost-n-Life81 aka Laci. I’m a fan of the website Penny Hoarder and today I joined the community. I have a passion for numbers and even more so for saving money. I’m 38yrs old and have two sons 15 & 9. Life’s been tough for us but we are hoarding our penny’s and doing what we have to until things change. I’m currently w/o a job and looking for something I could possibly do at home while raising my children. Any ideas I would greatly...Read More...
Welcome @Lost-n-Life81 ! Glad to see you here.Read More...
Hi Laci @Lost-n-Life81 Welcome to the community. You are definitely in the right place to get advice and answers!Read More...
Last Reply By KellyFromKeene · First Unread Post

Debt Payoff vs Savings Scenarios

MountainFan
This is a scenario I always feel so unsure about: Say someone has a small savings account of about $300. (This is their only cash asset) But they also have a credit card with about 90% usage. (Lets say the total balance is $900) Is it a bad move to take that $300 and apply it to that high credit card balance? In my thinking, it can be good or bad. It could be fairly scary to have no savings at all- especially if an emergency did arise, but it would also be beneficial to not have 90% usage on...Read More...
Check out Suze Orman's vid on this topic if you get a chance --- I really find it interesting to think about the psychological effect debt has on us.Read More...
I think I can put that 300 into an account that will give me earnings and pay off my credit cardRead More...
Last Reply By Theodora · First Unread Post

Rain Checks

Betty Kay Ramsey
My sister and I go shopping together. When we shop at Krogers, we take advantage of the sales, then take turns going to customer service for rain checks on items that are on sale now, but won't be next week. For instance: 16 2 liter bottles of Diet Pepsi for 99 cents each.Read More...
I didn’t realize that was CVS’s policy! Thank you so much for that info Rosemary ❤️Read More...
I go to CVS drug store quite a bit, I'm not sure if it is nationwide or not. If they are out of an item they will offer to give you a different brand. If you don't want to do that, they will give you a rain check. Their rain checks NEVER expire.Read More...
Last Reply By Leeseblue · First Unread Post

New community members: Say HI and introduce yourself!

Briana
Hello Penny Hoarders! I'm so happy to see a ton of new, friendly faces in our community. Did you know we have a whole thread dedicated to new members? If you haven't yet, you can stop in and say hi, and share a little bit more about yourself! Here's the thread: https://community.thepennyhoarder.com/topic/hello-new-members Also, if you're having trouble getting started, you can click the Get Started tab at the top of the page and there will be plenty of information. As always, feel free to...Read More...
Welcome to the community @Karen & @SYED FAKHRUL HEJAZ AZMIRead More...
Good morning @Karen and @SYED FAKHRUL HEJAZ AZMI . How are you all today? Slow going for me this Monday...Read More...
Last Reply By Moore Income · First Unread Post
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