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I'm really annoyed with family/friends entitlement.

Sorry, need to vent....... My husband and I have worked very hard to build a decent little corner in this world, although we do have mortgage/some cc debt/normal life struggles, we are "okay". My thing is that family/friends who have had the same opportunities in life, but obviously were not as motivated, think that we've "go it' and they're entitled to it. I've been frugal/saver/couponer/side hustler for over 20 years before my son was born and I had to tighten the family finances. Ive...Read More...
Kudos to working hard and being able to get nice things, and it's so sad that friends and family take advantage. And kind people always end up feeling like they're the bad guy once they put their foot down. I agree that talking things out is always best, but when that doesn't work, and hubby feels uncomfortable, I say put locks on the doors and pantry when you know people are showing up(lol), and they'll soon get the message. (I see Trying to Get Posted suggested the same thing-lol) I have a...Read More...
Hi there, Believe me, in no way am I shy about expressing how I feel about anything. We have visited your suggestions except counseling....I've made it clear to these particular friends/family how I feel, it's getting hubby to be firmer with it. Like MintJulep said above, I'm always left feeling selfish and ungrateful.Read More...
Last Reply By RO-IntheKnow · First Unread Post

Credit Score Questions

Forum: Credit
Rick Campbell
I have been working on my credit for a while now. I have Credit Karma and Credit Sesame accounts, I use the credit score features on my credit cards I have, so I monitor it closely. My score is at a point now to where it is getting difficult to see any substantial improvement to it. Most of these sites usually have six criteria they rate and from Best (Green) to okay (Yellow) to needs work (Red). On all of my reports everything is Good or Green except for inquiries and credit age. They are...Read More...
Thank you all very much. Your very quick, honest and helpful. My score currently with about 9%-11% Debt ratio, depending on the credit bureau, is 754 and with paying off my credit cards there is very little improvement and still under 760. I will run the simulator on paying off the person loan, auto loan and both to see what it says. There may not be a huge benefit in my score to paying these off early but having them paid and a smaller percent of my income dedicated to bills or debt, takes...Read More...
The average age is probably whats holding it back as you stated. If you need a quick jump, you can become am authorized signer on someone's cards in which they have a long history at a company which reports for authorized signers. This could help with the age. Other than that, if you have overt 750 you may find that there isn't much benefit to look forward to . Do dont stress over the numbers too much.Read More...
Last Reply By Rick Campbell · First Unread Post
As a senior citizen, I been through the gadget-buying stage of life many years ago and now just appreciate sticking to the basics to accomplish most jobs. The gadgets are stuck in a closet or long-ago donated. That said, I've got some gadgets that do pay for themselves (in either time or money or both) and I'm very happy with: 1.food saver vacuum system 2. slow cooker 3.food dehydrator 4. computer 5. pressure washer Would you share some of your gadgets that you feel save you time or money...Read More...
The crockpot, absolutely, is the best.Read More...
ninja - make fruit smoothies which eliminates want to buy ice cream. Sadly, it's motor is dying/died. I'm hoping newer food processor is just as good at making smoothies but I'm missing the individual size container.Read More...
Last Reply By sthom · First Unread Post

Financial Fitness February: Day 10

Moore Income
Normally, Day 10 would be a third of the way through a month, but since it's February, the month is going by much faster it seems. Good thing we get an extra day this month! Here's my wins for the day: 1.) Listed 10 New Items On eBay As a reseller, it can be really easy to get so involved with sourcing (my favorite part) that we fail to do our duty to list the items we source. While you gotta have good products to sell, it does no good if they just sit in your storage. Unfortunately, a lot...Read More...
I have to have a good system or my place will quickly look like an episode of hoarders!Read More...
@JeremyM sounds like you have a pretty good system in place now for getting stuff in and listed. I am starting over since I took a pause to travel the US with my wife but I do have quite a bit of stuff that I stored away that I need to get out and get listed.Read More...
Last Reply By JeremyM · First Unread Post

Financial Fitness February: Day 10

lismox
@mooreincome has inspired me to look into doing some reselling online. I actually have a very decent camera (a Canon DSLR with interchangeable lenses). So all I need to start is sourcing material to sell. I live down the street from a Salvation Army, so I'm going to start there. Also, there are some Goodwill Boutiques in my area as well (higher end Goodwills), so I'm going to take a look at those as well. My wins for today: I received a $49 refund check back from Chase. I signed up for a...Read More...
Link works. Thanks for sharing.Read More...
Ok, I must be confusing Amazon with ebay on the gating. Thanks Jeremy and Jon for setting me straight on that! I was getting all my ducks in a row to reopen my etsy shops and my ebay account last Fall, when I stumbled into the new sales tax mess. I realize ebay and etsy are collecting the sales tax now, but there are still some major issues.......the 1099s (which I won't likely qualify to receive due to slow sales when I restart my shops) are lumping all kinds of fees and taxes together...Read More...
Last Reply By Moore Income · First Unread Post

Family Budgeting Strategy for Youth

Forum: Budgeting
Hi everybody I just read the last PH newsletter, in particular the article about couples creating positive meetings about their budget. I'm trying to figure out the most effective way to teach my 12 year old son who is both a hard worker, very desirous of earning, saving,spending, money + *bonus* he loves Math. Much of his amped desire to earn has been gleaned over the last 9 months through a video game plays that reward through "monetary" points. It has its pros and cons and of course our...Read More...
It IS hard when the 2 households handle money differently! His father makes significantly more money than I do, and honestly, doesn't handle it as well. I've resigned that all I can do is teach them they way I want and let them know why I believe that it is the right way. They can draw their own conclusions. And I did forget to mention the debit card! We just got Bluebird pre-paid debit cards for the boys, last week, and are starting with that.Read More...
This is really helpful. Thankyou! I'm starting to include use of the debit card in my son's lessons. We don't use checks. I like the emphasis on your providing what they need but not always what they want. That's a huge point for parents. Also, hearing two parents say they encourage their kids to purchase what they want with their own spending money gives me food for thought. I Ido talk about quality & planned obsolescence. I must not be still aware be thinking of his money as mine!Read More...
Last Reply By KellyFromKeene · First Unread Post

Wells Fargo

Forum: Debt
Mark anthony Gonzalez
Hello i had fallen into hard times but I'm trying to rebound and be a stand up person and do the right thing and pay back my debt but Wells Fargo closed my credit card and a personal loan i had with them and I've almost been paying them back for the past 5 years but was wondering if anyone knows if they have the right to increase the interest rates every time time there is an interest increase by the Fed's since they closed both accounts ? Shouldn't the rate of the apr stayed the same as...Read More...
Mark G, I won't do business with Wells Fargo either. The list of fraud and clandestine activity is amazing..............you and I would be in prison for breaking the law as they did. https://finance.yahoo.com/news...eline-194946222.html Thanks for sharing your fine print though!!! That's great that you found a clause allowing you to close out at the original interest rate you were quoted. I hope it's possible for you to do that. I personally think banks run this country.........ugh!Read More...
Thank you mintjulep so i guess the moral of the story is if possible read the fine print before giving blood to the blood suckers I'll eventually pay them back by the end of the year God willing if he let's me wake up tomorrow one things for sure is I will never ever do any sort of business will Wells Fargo again so long as i walk on God's green earth thanks again , but it does say if you opt out you can pay the remaining balance at the original rate they closed my accounts which they...Read More...
Last Reply By mintjulep · First Unread Post

Financial Fitness February: Day 9

Moore Income
Things were pretty quite for me financially today. My wife and I spent $6 eating lunch with our siblings at their college. Other than that we just had to fill up the tank with gas again which cost us $16.47. The reason I had to fill it up again so soon is because I use quite a bit of gas doing deliveries. Even then, when you take off the cost of gas from how much I earned, it still ends up being a fairly profitable side gig. I still made sure to use a gas coupon at Holiday. This time it was...Read More...
Haha @MsKimberly I just answered this question on the other thread. I was able to successfully finish the 3 day diet and I must say, I most definitely want some pizzaRead More...
Oh, it's called the Military Diet.....I had just asked you about that...and see your answer here. OK...let me help you....You don't want the pizza. It really is not a big deal...Read More...
Last Reply By Moore Income · First Unread Post

good and bad deals on Roofstock (Turnkey rental properties)

Forum: Investment
Hi, I'm new to real estate investing. I already have some money invested in Fundrise which is basically stock in real estate (paper real estate). I want to get into physical real estate. I have no real estate experience. My question is how do I know the difference between a good and a bad deal on a turnkey investment property on roofstock. I would just use a mortgage calculator online but how do I know the difference between a good and bad deal on roofstock for turnkey RE investments? Thanks.Read More...
To THEUNIX... check out https://www.biggerpockets.com/ for invaluable information on everything investment real estate (they frequently have webinars, good articles...some of the best info is in the Comments). I have one rental property I purchased 7 years ago before I retired (2015) because I was looking for another stream of income in retirement. I would love to buy another but haven't been able to because of medical debt. And then, when I'm out of debt, I'm thinking about Fundrise. I have...Read More...
That sounds like a question for a real estate investor. I am not aware of any active members on here that do RE but maybe @Maryann would know? I have had my eye on both Roofstock and Fundrise for a while now, I just haven't been in the position to be able to invest on any of those platforms. So for now, I am just sticking with investing in BRIX, REIT (Formerly Rich Uncles) and I have been getting decent returns on there. Sometime in the near future I would like to give the two platforms you...Read More...
Last Reply By sthom · First Unread Post

How many credit cards do you own?

Forum: Credit
mintjulep
As I read the Penny Hoarder posts and note the "wins" with credit card perks like cash back and the "losses" if carrying long term credit card debt, I've become curious this morning about how many credit cards PHs have open. I only have 2, but thinking about adding an airline card.Read More...
I have 3 in my name only and 1 joint with my husband. Two of the 4 were opened as balance transfers with no new charges being added and 1 has a zero balance.Read More...
Hi Maria Rose, That sounds like the voice of reason and experience from you! We check our cc transactions at least weekly and have caught some unauthorized charges and can get on them quick. Our debit card is rarely used, maybe for a cash withdrawal at a bank associated with our credit union, but that is about it.Read More...
Last Reply By Brigat · First Unread Post

Financial Fitness February: Day 8

Moore Income
Today wasn't terribly exciting for my finances, but days like this I am just thankful to have a roof over my head and food to eat! 1.) Buying Groceries In Bulk My wife and I have a hard time eating food quickly. However, last week she started us on sort of a meal plan which is allowing us to eat all the food we cook without wasting it. Because we now have a plan in place, we decided it would be a good idea to buy some groceries in bulk from Costco. Not only does it save us some money on the...Read More...
@MsKimberly That's great! A lot of us don't like to try new things because it takes us outside of our comfort zone. But a lot of times, it takes trying new things to get us to a better place financially!Read More...
@mintjulep I appreciate you checking it out! And yes, "a penny saved is a penny earned"Read More...
Last Reply By Moore Income · First Unread Post

Best way to get a new iPhone

Andrea M Molkenbur
Is anybody researched how to get a new iPhone without financing it? Not sure if I should go through Apple directly and not necessarily in love with my current carrier either. I really just wanna buy the phone out right but not have to finance it.Read More...
I recently bought an iPhone 11 from Costco. Not only did I get a $30 Costco gift card, I also got a trade-in credit of $40 for my old iPhone 6 and a $580 credit on T-Mobile, my new carrier. So if you can find deals like this it works out well.Read More...
We've bought a total of 4 phones off ebay, each different sellers and had zero issues. We've purchased new and used from ebay and, as Jon Moore says, insist on unlocked phones so we can change carriers and plans when we feel we need to. We look for sellers with great ratings on ebay. The last purchase was last Fall and my partner switched from Android to Apple, but on advice from an Apple-freak friend, went with an older version since he doesn't use his phone for much more than texting and...Read More...
Last Reply By lismox · First Unread Post

Travel section

Forum: FAQ
D in the Midwest
Is there a "TOPIC" section that covers travel questions? I'm planning a couple of trips (one road with the family, one by air on my own) that I'm looking for some money saving tips for - THANKS!Read More...
@Maryann I think a section for topics related to travel and finances would be helpful. I think a topic about "Travel Hacks" would be appropriate as this is usually related to people using different "hacks" to make travel cheaper.Read More...
@D in the Midwest , we don't have a dedicated topic section for travel but I'll file this as a potential for us to add. For now, this kind of question can go under 'General Discussion,' or since you're looking for savings tips, it can go under the section 'Save Money.' In any event, please let us know where from/where to you're traveling. I'm sure a number of us could share some tips that can help you save. I just finished booking a trip myself -- very excited about it!Read More...
Last Reply By Moore Income · First Unread Post

Financial Fitness February: Day 7 (Big WIN)

Forum: Make Money
Moore Income
Hard to believe a whole week of this month has already past! Time really does fly by when your having fun! Let's get into this day of finances. 1.) Delivering for Extra Cash Today I decided to focus mostly on doing some grocery and food delivery. The thing I love about all the apps that allow you to do this, is the fact that it gives you so much freedom to work on your own schedule. For example, I worked in the morning but then I needed to go home for a while and get an order ready to ship.Read More...
Glad you found him helpful. @Olivia He is very transparent, real and just a great person in general. He is also very approachable and friendly every time I interact with him. He is on Instagram as well so I will sometimes chat with him about things related to reselling or just about some his interests like The Office, etc.Read More...
Stayed up a bit last night to watch a Hairy Tornado podcast. Very grateful for your recommendation. It happened to be a recent one describing his journey to self employment. Appreciate his transparency about his life and business.Read More...
Last Reply By Moore Income · First Unread Post

Not having someone to bounce ideas off.

Jobelle Collie
I’m an older single woman and even though I’m a budget nerd, I feel uncomfortable. Having no one to bounce my ideas off of, leaves me guessing. Do other singles feel this way? Or do those with a partner who wants nothing to do with finances, feel adrift making all the financial decisions? I make errors in financial judgement, thankfully they have been small and the long term financial impact is low. I’m concerned that I’ll make a big one. Being frugal, I only pay for short, annual...Read More...
@Jobelle Collie What an interesting life story! You have definitely accomplished quite a bit and have managed your finances much better than most. Just from this short excerpt of your life, I was thinking you could write a book that would definitely be interesting to read! There is a lot to be learned from your many life experiences.Read More...
I love it, @mintjulep "...wake up and move it."Read More...
Last Reply By Moore Income · First Unread Post

Flood claim?

Forum: Insurance
Jobelle Collie
I have flood insurance, even though I’m not in a flood zone. Yesterday, we got 4 inches of rain in less than one hour! The house next door is vacant. The landlord closed off their French Drain, so that house probably has water in it. Because my French Drain was just keeping up with the deluge, it was overwhelmed when my neighbors excess water began flooding into my kitchen and living room. The insurance adjuster will be here in the morning to figure out my next move. I’ve never made a flood...Read More...
Sounds like you are well covered for this situation. That takes a lot of wise financial planning ahead of time. I bet it is a headache to deal with but great job preparing for it ahead of time!Read More...
I’m going to have to move out all the furniture and put it in storage. My dog and I will have to move to a hotel or apartment. They will have to pull up all the floors, bye bye oak parquet! The kitchen cabinets have to be pulled out and clean/replace floor tiles. Then the walls about 3 foot up of wallboard. Replace one door. Then redo the driveway and upgrade my French Drain. I’m covered for $250,000 / $100,000 and one policy pays all the copays and the storage fees and hotel/apartment. If...Read More...
Last Reply By Moore Income · First Unread Post

1099 VS. Employment

mcpres1119
My workplace is being bought out by a corporate company and my position is being dissolved. The doctors I work for are potentially offering me a 1099 Contract position that will be somewhat of a promotion for their private company outside of the corporation. This job would be a promotion to a management position. My employers are not trying to avoid taxes or avoid paying me benefits, although I would be losing benefits. I was offered a comparable position as an employee by the corporation...Read More...
I was a 1099 employee for two very different businesses in the past - a large health care management org and a small social services office. In each case, I saved 10% (adjust for your situation and newer tax laws) of my paycheck as a safeguard to pay income taxes for the year. I'm not sure what you're referring to by "paying higher taxes" unless you mean the burden falls to you to manage your tax liability out of your check. RE: benefits - if I could go FT where I work now (I'm PT) our...Read More...
Last Reply By D in the Midwest · First Unread Post

How Frugal Are You? Easy test!

What is the smallest amount that you will stop to pick up? ...a penny? a nickel? a dime? a quarter? a dollar? My husband and I will stop to pick up a penny. He's done it for years (even though he is not generally frugal). I'm the frugal one, but generally am not looking down, but if I see it, I will stop to pick it up. Careful though, I was in a parking lot and saw where someone had dropped a quarter and a nickel. I was so excited (yes, I can be that frugal) I stopped to pick it up and...Read More...
No, no, no! You found 25 pennies...all yours. THEN, you go into Aldi and save even more. Win-win!!!! Eureka!!!Read More...
So happy, found a quarter in an ALDI cart yesterday, it was pure joy! Then you go in the store and take advantage of the sales, there that goes.Read More...
Last Reply By dboothe · First Unread Post

Financial Fitness February: Day 6

Moore Income
Today was a pretty quite day for me but there were a couple things that had a small impact on my finances. 1.) Sold another Lava Lamp This has been a very consistent seller for me. This last sale puts me at 50 of this same lava lamp sold since the listing went live in June of last year. It's only a few bucks profit every sale but it is mostly hands off since I listed it and set it up to be promoted. The way eBay works, the more sales you get on an item, the more they will promote it and in...Read More...
@Michael Metzger thanks for mentioning that. I have been aware of the company for a while but don't have any experience selling on there. I do have plans to in the future though as I seek to expand the platforms I currently sell on. @Cmarks glad to hear that! That is my goal, to help and motivate others to create a better financial future!Read More...
Great topic and glad to see you encouraging others to take control of their finances! Something to check out while you are purging things is a company called Poshmark, which allows you to sell used clothing. Recycling and helping your finances!Read More...
Last Reply By Moore Income · First Unread Post

How do you deal with mooching family members and friends?

Maryann
I was listening to a podcast where a guest who recently came into money was asked how she deals with mooching family members or friends. It got me thinking about this a lot! As you've gotten your finances in order, have you personally experienced this? Whether it's the friend who only reaches out when they need an extra buck or the family member who can't seem to get it together, I was curious to know how you all deal with friends or family who mooch off of you. Does anyone have any special...Read More...
Thanks for all the information. To be forewarned is to be forearmed.Read More...
redcatcec, yes....seniors are victims by scammers and very vulnerable. I could share a story, but it's not really mine to share, about a family member targeted by scammers and luckily we accidentally found out about it before they lost too much money. In our case we were dealing with a family member just starting to slip into mild dementia and any warnings and guidance we gave were forgotten immediately so the scammers kept hitting. We finally had to get involved on a level we preferred not...Read More...
Last Reply By dboothe · First Unread Post

I will be debt free in 2020 - What are the smartest ways to manage money now?

I've spent my life drowning in debt just like the typical American. Luckily, I've managed to get a hold of my finances with the help of my supportive spouse as well as simply moving up in pay grades at my job. According to my big plan I will get myself completely debt free this year. But it almost feels like I'm at the door of a plane about to jump. You're excited to feel free but also experiencing moments of panic because freedom is such a foreign feeling. Who am I without debt? Without the...Read More...
First of all, congratulations on being debt-free! The next thing I would suggest is building up that emergency fund. The general rule of thumb is 3 months expenses if there are two income sources in your family and 6 months expenses if only one income source. Once you get to that point, have an automatic savings and investment plan. That could come in the way payroll deduction into a retirement plan through your employment. Feel free to ask me anything more specific if you still need the help!Read More...
Congratulations! Great suggestions, and I'm sure there will be more, but personally, I would put it towards retirement and an emergency fund!Read More...
Last Reply By Michael Metzger · First Unread Post

pay bills on time

Forum: Budgeting
we have been married 42 years and are retired. we leaned early to pay our bills in full when they came due. also, be bold. call the utility or phone co. insurance, etc.and tell them your due date does not work out. 100% of the time they gave me a date that fit our budget. Early we lived on my income only. when my husband, in school, could work, that went in savings. when he graduated and worked full time, we started our family, and i worked part time. my income went to savings. savings paid...Read More...
Great point here! Sometimes we don't realize that making an edit in our finances could be done by doing something as simple as making a phone call! Companies want to be paid. Many a times, they are willing to work with you when it comes to due dates. Glad you and your partner have seen results by staying persistent. Kudos on your success in your financial journey!Read More...
Thank you for the encouragement! It is so important to stay on top of things...Read More...
Last Reply By Maryann · First Unread Post

Pay all bills on one day or spread throughout the month??

Forum: Budgeting
triplea87
I would like to get a consensus here. Who pays all of their bills (including rent/mortgage) on the same day of the month versus spreading out over the course of the month? (Ex. paying rent/mortgage on the first and the remaining bills on the 15th). I imagine this has a lot to do with paycheck cycles and I can see the convenience of the former but there are advantages to the latter from a cashflow perspective for those who may be living paycheck-to-paycheck.Read More...
I spread my monthly bill payments over the month and time each payment to be sent thru online banking anywhere from 7 to 4 days before the payment is due.Read More...
I get paid the 1st and the 15th plus I make tips. So I try to pay everything with my first paycheck. Then my second check pays rent and any bills that fall on the 1st. After everything is covered the money goes in a savings account. I've been paying off things when I get a big chunk of money saved.Read More...
Last Reply By mintjulep · First Unread Post

Life Insurance

Forum: Insurance
I am almost 70 years old, and planning for the inevitable. I have a savings account with more than enough to cover my burial expenses,etc. If one of my children is the executor of my estate: 1) do I still need to purchase term life insurance; 2) should I put that person as a joint signee on that particular account; or 3) should I set up a living trust?? Help!!Read More...
Carol, a lot of funeral homes offer a pre-payment program for burial expenses. You get to plan your funeral the way you want it and handle all expenses (type of casket, service, etc.). This takes a lot of stress off the family in having to make the decisions and possibly arguing over what should be and what shouldn't be. Then you could bequeath the rest of your money top them without having to purchase life insurance. Term insurance would be a waste of money, in my personal opinion.Read More...
Last Reply By Lisa Hibler · First Unread Post

Financial Fitness February: Day 5 (eBay Sales!)

Moore Income
Today I did pretty good about not spending a lot of money and I actually made some money in my business so I would say overall it was a pretty good day. I didn't do any sourcing today as I am turning my attention now towards getting stuff listed, however, there are several stores I would like to visit before this "clearance season" ends. Here are the financial highlights of my day: 1.) eBay Sales - For those who may not know, I am an eBay seller and I buy a lot of items from retail stores...Read More...
@MsKimberly They call it The Military Diet, but I don't like to call it that because it has nothing to do with the military and people always ask why it is called that and I don't know LOLRead More...
That diet must have a name. They all do. Pizza at Walmart is cheaper than healthy foods, but we know how fattening it is. Keep up the good work!Read More...
Last Reply By Moore Income · First Unread Post
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