building a credit history

[srblanco7]

Nice. Congratulations!...

[srblanco7]

Overall, the plan seems very solid. If you're in breakeven mode with the rent vs. HOA, taxes, insurance, and mortgage, then any repairs to the rental...

[srblanco7]

Great news. Congratulations DisneySteve!...

[srblanco7]

Agreed. We've only just started with researching plans & costs, but $2k/month doesn't seem out of the realm (w/o subsidy). And that's still for...

[srblanco7]

Seems like a great idea without any particular downside (other than it means you're continuing to w*rk ).

Also, I think it's great that...

[srblanco7]

Kork thanks for adding to the dialogue with a thoughtful response; recognizing that we all come to these forums, and every other interpersonal interaction,...

[srblanco7]

Car load was at 2.99% with $7,500 principal (minimum allowable). Paid of in 6 months that’ll be something in the neighborhood of $65 in interest...

[srblanco7]

I do note that several states have similar laws in place - though a 21% increase is a pretty lousy outcome of that legislation....

[srblanco7]

Thanks MonkeyMama. We waffled a bit with the car loan decision - but given the discount in a "hot" used car market and want to build her credit...

[srblanco7]

Thanks DisneySteve. She has savings/checking accounts and a recently opened Roth IRA. We'll get her a credit card this week and she have a couple...

[srblanco7]

Despite it being amongst the worst time in modern memory to buy a used car, DD put her mind to finding a "new to her" vehicle (with the caveat...

[srblanco7]

With the caveat that I'm not a real estate investor and noting that you indicated that you're likely to move out of this town, my initial reaction is...

[srblanco7]

This is our “sweet spot” for shopping for new (to us) vehicles. 2-3 years old and typically with mileage in the 30k-40k range. We’ve...

[srblanco7]

Definitely concur with the latter. This is something I wouldn't have even contemplated.

That being said, if a "normal" person...

[srblanco7]

Yes - 401k contributions (but not Roth 401k contributions) serve to reduce your taxable income. Best guess as it relates to the article is likely that...

[srblanco7]

That's a nice win! 2.25% is ridiculously low and getting paid to take advantage of the low rate is icing on the cake....

[srblanco7]

Article in the WSJ today that the wealthy are borrowing more than ever before, often using loans backed by their portfolio of stocks and bonds. This...

[srblanco7]

Beyond the potential credit score impact, this likely puts those who had a HELOC balance (article mentions a 60 day closure period) in a bit of a scramble...

[srblanco7]

With 20/20 hindsight, that may be my biggest "regret" - that is, that we didn't find a way to push even more money to our Roth accounts. Most...

[srblanco7]

Same for us. We've banked primarily with two credit unions. We exited the first after it switched from a credit union to a S&L. We've been very...