Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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Single piece of advise without going into your numbers.. Get used to Quicken.. pay more attention on its budgeting, tax planning features. I have been the quicken addict over a decade and enjoying...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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have you got health care,inflation is killing your savings get it out of the bank you would be better paying off some student loan your making 3.29% versus 05%
could you buy a place and have 3...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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Exactly.
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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In semantics, I agree with you.
In reality, I should have said that every comparison I've completed over the last two years has shown that compared to almost every other fund type, the TDFs are of...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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But for somebody who states that "never really been interested in learning about investment strategies" TDF's are a good choice. At least for a majority of their retirement portfolio.
I'd keep...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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Again, much of this is opinion. Even if you're not interested in learning, I think that reviewing your portfolio every 5 years and re-balancing is fairly simple. Especially if an adviser is...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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Against the grain, away I must go again.
Why don't you spend some time talking to older folks near retirement or have retired how this idea of "maxing out your IRA" is such a great idea. Or those...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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Keep every statement showing your new, updated balance for each private loan you have as well as the final statement showing you've paid the loan off in full (when that time comes) for the rest of...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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I disagree with the premise of your statement so I can't speak to this. However, when comparing which of two investment options would be best for an individual, behavioral economics should be taken...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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With financial advice, some things are objective and others are subjective. You'll receive advice in multiple directions which will usually clash. All options usually have merit, so consider both...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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Hi All. I feel kind of weird laying out personal details like this, but here goes -
single 27 male; monthly income before tax - 5K; mandatory monthly expenditures average ~2600
Student loan 33K @...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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This is a good start with information. Your tastes are adverse to mine, but I think the underlying process in your mind is good.
I'd focus on budgetting first. Take a look at where your money is...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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Based on what I see, I'm going to guess you have about $1,000 per month to save or invest.
First, I have a bias towards credit unions so, yes, I'd join a credit union and dump Bank of America.
...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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Rep for your remarks.
I see far too many people who worry constantly. They're afraid of their money more than anything, not sure if they should liquidate investments, stay in cash, etc. The...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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Two years is far too short a period of time to make a long-term evaluation.
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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yes, yes. Rent is 1085 right now, been looking to move and reduce that cost as it's way too high and has been for too long.
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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I'm guessing you're right about the budgeting, sometimes I have no idea where my money went, but then I see this $30 or that $40 and apparently that adds up pretty quickly. I don't really waste...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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I've been thinking about doing that with a ROTH IRA but then I also have the questions about an emergency fund. You put it out nicely and it makes sense.
My student loan is private (or 3x private...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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I keep $5000 in savings. Typically, I never need to touch it for anything. I'm younger than you are, my employment income is lower, I have more student loan debt than you do, and I'm planning to...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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:thanks: I appreciate everyone's advice. I'm currently moving my money from BOA to Ally so that I don't have to deal with a minimum of 10K in the bank to avoid fees. After that I'll reevaluate based...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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One way to track your cash spending is to simply carry a piece of paper and a pen around with you everywhere you go for one month. Write down the categories you spend your money in (groceries, gas,...
Looking for some personal finance advice
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Thread created 05-24-2012 by hAvAAck
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Does mandatory monthly expenditures average include rent? If so, how much is the rent/mo?
Does mandatory monthly expenditures average include the ~300 for student loans then, as well?
Edit, and...
