Friday finances

Avatar for jamblessedthree
iVillage Member
Registered: 10-23-2001
Friday finances
572
Fri, 03-22-2013 - 6:55am

So I heard a lot of chanting at school yesterday about tomorrow (today) being pay day, Woot!  Ha, That doesn't mean a lot to me but some of those teachers make good money and b/w that and the slip ins about money in a couple threads here I thought a thread would be fun..

How often are you/your DH paid

Do you discuss finances with your children?  To what extent?

Are you a spender or a saver

 

 

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Avatar for savcal2011
iVillage Member
Registered: 10-06-2010
Sat, 03-23-2013 - 8:24pm
Actually it's only 6% of the HHI. And a 6% match. Math is my strong suit. Lol.

"I don’t mind a banshee, that’s fine. 2 banshees? I HATE you. I actually wish bad things upon you." -- Day[9] Daily #459 P1

iVillage Member
Registered: 10-10-2011
Sat, 03-23-2013 - 8:24pm
Are you familiar with these retirement accounts Chest?
iVillage Member
Registered: 05-13-2009
Sat, 03-23-2013 - 8:21pm
That's probably not a good idea. Take charge of all you investments. Learn the market trends, don't let the "professionals" or "software" take control. It works greats in an expanding market, it's disastrous in a down market. I control all my investments, and I've beat the market (Dow, S&P) every year since 1995. We weathered the 2008 recession because we exited the market for cash and reinvested at its low point. They really don't work for you, they work for that masses, if all are doing good, you are doing good, if not....it sux It's not hard to be ahead of market trends with a little education
iVillage Member
Registered: 10-10-2011
Sat, 03-23-2013 - 8:15pm
Yes gesichtgal, my company matches AND when we get profit sharing, it is put into our 401k account too. We also got our stocks from the company that was put right into profit sharing so that was "free" money, a nice chunk of " free" money lol.
iVillage Member
Registered: 05-13-2009
Sat, 03-23-2013 - 8:11pm

Double post - darn you iV software

Avatar for jamblessedthree
iVillage Member
Registered: 10-23-2001
Sat, 03-23-2013 - 8:10pm

chestnuthooligan wrote:
<p><blockquote class="quote-msg quote-nest-1 odd"><div class="quote-author"><em class="placeholder">jamblessedthree</em> wrote:</div>bankrate dot com is the fun tool we like to play around with, I am always surprised by what it says we can "afford" in house price too. It's no where near what I'm comfortable playing but it's nice to dream... Lol.</blockquote></p><p>Why is it a dream? We can not afford our current home if we were buying today. It is an asset that we will probably sell in 8 - 10 years, and we many rent so we're not tied to the any real estate market.</p>

Because I'd rather pay 1/3 of what that site says we can afford.  That way we can still have money left for luxuries...

 

 

iVillage Member
Registered: 12-07-2003
Sat, 03-23-2013 - 8:07pm

cruisingchick20111 wrote:
I use the same thing as geschigsgal, the year you plan to retire. I like them investing for me as they know exactly what to do. Been doing it for years.

Do you get a company match?

iVillage Member
Registered: 10-10-2011
Sat, 03-23-2013 - 8:06pm
:) Jam
iVillage Member
Registered: 02-20-2013
Sat, 03-23-2013 - 8:05pm

cruisingchick20111 wrote:
Yes Garnetboy, weve been through the personal info/TOS already, right? Thanks.

You're the one who asked. I'm merely pointing out that it would be a TOS violation to explain. Too much personal information.

On Wednesdays we wear pink.

iVillage Member
Registered: 05-13-2009
Sat, 03-23-2013 - 8:05pm

jamblessedthree wrote:
bankrate dot com is the fun tool we like to play around with, I am always surprised by what it says we can "afford" in house price too. It's no where near what I'm comfortable playing but it's nice to dream... Lol.

Why is it a dream? We can not afford our current home if we were buying today. It is an asset that we will probably sell in 8 - 10 years, and we many rent so we're not tied to the any real estate market.

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