Marriage and the Power of Divorce

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Soygen

The Dirty Dozen For the Price of One
<Nazi Janitors>
28,433
44,761
You mind if they sprinkle some of me in that spaceship? I'm gonna' be broke by then.
 

Noodleface

A Mod Real Quick
38,279
15,112
Tuco sounds like my brother. He has over $110,000 in savings because of how frugal he is, yet nickel and dimes me any way he can. Once he asked me to pick him up cereal at the store and he paid me in exact change down to the penny (with tax included), it was like $4.93 and he wouldn't just give me a 5. I had to walk around with a ton of coins.
 

Tenks

Bronze Knight of the Realm
14,163
607
With that kind of money he should have it working for him somehow. I sometimes feel like an idiot for having $10k just laying around in my checking account. Which is generally the amount I try and maintain. When it goes over I just pay down my mortgage. Which is also not the best use of excess money.
 

Deathwing

<Bronze Donator>
16,746
7,772
With that kind of money he should have it working for him somehow. I sometimes feel like an idiot for having $10k just laying around in my checking account. Which is generally the amount I try and maintain. When it goes over I just pay down my mortgage. Which is also not the best use of excess money.
3-6 months salary, then pay down high interest debt as long as it's over the average stock market return.

Which, of course I have trouble following myself. I've got quite a bit more than that sitting in my checking account because I feel like if I invest or pay something down, something bad will happen where I might need it. Or, more likely, I'm just really lazy.
 

Alex

Still a Music Elitist
14,670
7,488
Something astronomically terrible would have to happen if I find myself needing 3-6 months worth of salary right now. That's a lot of fucking money.
 

Tenks

Bronze Knight of the Realm
14,163
607
Yeah I just pay it against my mortgage instead of my student loans because I can easily pay it against the mortgage. Luckily those are my only two debts. Although after taxes I make something like 4k/mo so maybe I need to increase my amount left over in my bank to 12k.
 

Eomer

Trakanon Raider
5,472
272
With that kind of money he should have it working for him somehow. I sometimes feel like an idiot for having $10k just laying around in my checking account. Which is generally the amount I try and maintain. When it goes over I just pay down my mortgage. Which is also not the best use of excess money.
Shit man, get some sort of trading account and buy a short term bond fund with your cash. There's probably a bajillion of them in the US, but the one I use for spare cash laying around is this one:XSB: iShares Canadian Short Term Bond ETF Price Quote | Morningstar

The trading price for it is fairly stable, and it pays about 2-2.5% annualized returns on a monthly basis. Not amazing or anything, but better than most savings accounts these days. My savings account pays 1% right now, so it's worthwhile to take the five minutes and pay a $5 commission to park my money in that ETF if I don't need it imminently. And even if I do, it's only a couple days for the trade to settle when I sell.
 

Deathwing

<Bronze Donator>
16,746
7,772
Alex:

Like a downturn in the economy, little to no severance package, and you're having trouble finding a new job? Or, you're not having trouble finding a job but it just takes that damn long to find one anyway because companies move so damn slow sometimes.

Repairs on the house, need a new car, medical emergency are others off the top of my head.
 

Khane

Got something right about marriage
20,346
14,012
I need to start being a lot more reasonable with my money. I've done smart things in regard to purchases of necessity. My mortgage is less than 1/3rd of my total monthly income (it's about 1/4th). My car payment is reasonable. My utility bills are reasonable. I don't spend frivolously on gadgets or toys. This is pertinent to this thread because the majority of my spending comes from dating. I spent almost $500 Tuesday taking my girlfriend out for her birthday for instance. My food and alcohol bills were north of $2k a month for a while and even when I'm "being good" they are still usually over $1k. I bought my house the month before my 27th birthday. If I had continued to save like I had been before that purchase I would probably own 3-4 more rental properties at this point. Instead I only have about $22k in savings.

I am gun shy about investing in the market because I don't like the idea of how speculation can so easily swing prices and how hands on you have to be to invest properly. I would also never even consider letting a financial advisor handle those decisions for me. Instead I prefer to invest in real estate, but those purchases are a lot harder to make than throwing money in stocks or bonds every month.
 

Tenks

Bronze Knight of the Realm
14,163
607
Alex:

Like a downturn in the economy, little to no severance package, and you're having trouble finding a new job? Or, you're not having trouble finding a job but it just takes that damn long to find one anyway because companies move so damn slow sometimes.

Repairs on the house, need a new car, medical emergency are others off the top of my head.
I also paid for my entire wedding by taking it from my available savings which I was glad I had enough money in there to not be too terribly stressed out about spending that much money. After it was over I just didn't pay extra against my mortgage and the money was back. I get a huge sense of relief having what I consider a sizable "oh shit" stash in an extremely liquid account even if it isn't the absolute smartest use of money. It gets me mental relief which is worth a lot to me.
 

Cad

scientia potentia est
<Bronze Donator>
25,447
49,127
I need to start being a lot more reasonable with my money. I've done smart things in regard to purchases of necessity. My mortgage is less than 1/3rd of my total monthly income (it's about 1/4th). My car payment is reasonable. My utility bills are reasonable. I don't spend frivolously on gadgets or toys. This is pertinent to this thread because the majority of my spending comes from dating. I spent almost $500 Tuesday taking my girlfriend out for her birthday for instance. My food and alcohol bills were north of $2k a month for a while and even when I'm "being good" they are still usually over $1k. I bought my house the month before my 27th birthday. If I had continued to save like I had been before that purchase I would probably own 3-4 more rental properties at this point. Instead I only have about $22k in savings.

I am gun shy about investing in the market because I don't like the idea of how speculation can so easily swing prices and how hands on you have to be to invest properly. I would also never even consider letting a financial advisor handle those decisions for me. Instead I prefer to invest in real estate, but those purchases are a lot harder to make than throwing money in stocks or bonds every month.
Buy index funds
 

lindz

#DDs
1,201
63
Kids are bloody expensive. Husband I spend next to nothing on ourselves but kids always seem to need something. New shoes, swim lessons, school supplies... there is always something.

Just had a $580 medical bill for my middle one just for freaking blood tests. That was after insurance and our insurance covered most of it.
 

Noodleface

A Mod Real Quick
38,279
15,112
I too paid for our entire wedding with available savings.. it was the greatest feeling in the world after the wedding knowing we had no debt left from that ordeal. Got enough wedding money gifts to almost bring us to what we were at before as well.
 

Phazael

Confirmed Beta Shitlord, Fat Bastard
<Aristocrat╭ರ_•́>
14,669
31,539
Wife and I did the courthouse thing for the ceremony and blew the cash on receptions. This worked out good for two main reasons. First, as an atheist, I was not going to stand in church and say a bunch of religious stuff I did not truly believe on what amounts to the most important day of my life. Second, my family was all back in Wisconsin and I did not want to get into the drama of where to have the ceremony, because ultimately we would have done it in Cali to accommodate the wife's poor ass Jebus loving needs. Or worse, would have fronted the money to fly them to Wisconsin.

As it stood, we rented space at Castle Park and had a Shrek themed pizza party there for the California people (my folks flew out anyhow) and then had a Big Lebowski themed reception in a park back in my home town. We even rented out a Bowling Alley and drank white Russians in robes the night before the park party. It was awesome and all the assholes I know who rolled out the money for the big poofy weddings all remember our receptions, but like hell if anyone remembers theirs. The one day at Castle Park in Cali wound up costing more than the entire weekend in Wisconsin, including air fare, heh. But the whole ordeal was fairly inexpensive and we bought some video games and home appliances with the leftover money, instead. A couple of my friends who nearly went bankrupt funding their weddings and are not getting divorced are insanely jealous of how ours went down. If you marry a wife who wants all that shit, you are probably going to have problems down the road anyhow, in my opinion.

Having been a singer for literally dozens of weddings over the years, I have come to one conclusion. Weddings are just ways for mothers to try and vicariously correct perceived failings of their own past through their daughters, in my experience. Its a giant dick waving contest pitting you against your inlaws, and unless you have money to burn, you are better off setting the tone and doing a small ceremony for your real friends and having a party afterwards for the larger crowd.
 

Phazael

Confirmed Beta Shitlord, Fat Bastard
<Aristocrat╭ರ_•́>
14,669
31,539
Yeah somewhere. The whole thing came about because the wife and I went balls out dressing up as Shrek and Fiona for one Halloween (she has red hair, I shaved my head and we both painted ourselves green; only time I have ever seen her in a dress of any kind) and it got used as one of the few semi formal pictures of us. The costume rocked and we won a costume contest at the Rock Horror movie at the Rialto that night over some lesbians in lingerie I would have voted for over us. People really liked it and it was the one picture of us that friends and relatives kept over the years.

Mostly, it was just decorations from her friends and sisters, plus the Shrek cake. We were both fine with it. The wife is a nerdy tomboy and after singing in a bunch of other people's weddings, I really had zero interest in something super formal.