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Money Management

Discussion and tips on sound money management.

4597 topics in this forum

  1. Bitfinex says funds "are not lost but have been, in fact, seized and safeguarded."

    By hegemony,
    • 0 replies
    • 414 views

  3. Even ‘top earners’ still might not be prepared for retirement

    By hegemony,
    • 0 replies
    • 741 views

  4. There’s no safe place to hide from the consequences of the biggest bubble yet

    By hegemony,
    • 0 replies
    • 764 views

  5. Why everyone should save like they’re going to retire early

    By hegemony,
    • 4 replies
    • 1.8k views

  6. Very Small Unexpected Expense

    By StarkRaven$,   
    • 3 replies
    • 636 views

  7. Real Estate/Business Investing from an IRA (Advice)

    By deazyman21,
    • 1 reply
    • 405 views

  8. A dusty fracker deep in the North Dakota oil fields scrambles into his shiny new pickup and pushes the electronic ignition. He settles in as the calming fragrance of cedar whispers from the vent. Reaching behind, he pulls a cold kombucha from the cooler

    By hegemony,
    • 1 reply
    • 489 views

  9. America’s Big Retirement Savings Problem

    By hegemony,
    • 0 replies
    • 724 views

  10. OMFG: How to win at grown-up life while you’re still learning to be a grown-up

    By hegemony,
    • 0 replies
    • 694 views

  11. After almost 10 years as a financial planner, I've found the best way to keep track of my money is still a simple spreadsheet

    By hegemony,
    • 1 reply
    • 506 views

  12. Tax code changes leave Americans asking, 'What happened to my refund?'

    By hegemony,
    • 9 replies
    • 761 views

  13. Looking for high interest account.

    By MannyLNJ,
    • 12 replies
    • 1.3k views

  14. Why does the early-retirement movement have so many haters?

    By hegemony,
    • 2 replies
    • 548 views

  15. My friend owes me thousands of dollars and wants cash instead of a wedding gift — should I write off part of the loan?

    By hegemony,
    • 3 replies
    • 1.5k views

  16. US households see biggest decline in net worth since the financial crisis

    By hegemony,
    • 1 reply
    • 413 views

  17. Unicorns, Zombies, and the Dead: Ten years after Uber inaugurated a new era for Silicon Valley, we checked back in on 105 on-demand businesses.

    By hegemony,
    • 0 replies
    • 382 views

  18. new year same idiots: Here's what Americans do with their tax refunds

    By hegemony,
    • 2 replies
    • 515 views

  19. How to prepare for the next recession

    By hegemony,
    • 6 replies
    • 751 views

  20. 37 and BROKE!!

    By bozzburg,
    • 4 replies
    • 753 views

  21. More than 76 million Americans don't pay federal income taxes, but it's not usually the luxury you might think

    By hegemony,
    • 1 reply
    • 499 views

  22. Companies use your data to make money. alifornia thinks you should get paid

    By hegemony,
    • 0 replies
    • 396 views

  23. Apple’s insider-trading policy enforcer accused of insider trading

    By hegemony,
    • 0 replies
    • 2k views

  24. Are you saving too much for retirement?

    By hegemony,
    • 1 reply
    • 467 views

  25. Chase You Invest

    By hegemony,
    • 6 replies
    • 610 views

  26. Bitcoin Is Worth Less Than the Cost to Mine It

    By hegemony,
    • 0 replies
    • 404 views

  27. Here’s one way to stop living paycheck to paycheck

    By hegemony,
    • 3 replies
    • 1.4k views

  28. Subprime cash can beat stocks in returns and happiness

    By hegemony,
    • 0 replies
    • 439 views

  29. Bad things about retiring early.

    By Burgerwars,
    • 1 reply
    • 576 views

  30. Mint(.)com - Any good? Reliable?

    By Bman125811,
    • 3 replies
    • 653 views

  31. Hegemony's private parts (retirement account edition)

    By hegemony,
    • 18 replies
    • 1.8k views

  32. How much $$ do these people make? 1 2 3 4 5

    By ineedabrowninggold,
    • 121 replies
    • 17.7k views

  33. Bogle Sounds a Warning on Index Funds (pay wall)

    By hegemony,
    • 0 replies
    • 529 views

  34. When to Opt Out of the Target-Date Funds in Your 401(k)

    By hegemony,
    • 2 replies
    • 613 views

  35. Are you saving too much for retirement?

    By hegemony,
    • 2 replies
    • 527 views

  36. Capital One sells its Capital One Investing brokerage service to E*TRADE

    By Burgerwars,
    • 11 replies
    • 2.6k views

  37. LeoPay (previously known as LeuPay) no longer available in the U.S.

    By Burgerwars,
    • 1 reply
    • 811 views

  38. Economic Boom Isn’t Helping Some Student-Loan Debtors

    By hegemony,
    • 2 replies
    • 444 views

  39. Goldman Sachs, advisor to the ultra-rich, plans to offer wealth management for the little guy

    By hegemony,
    • 1 reply
    • 458 views

  40. How come you have to pay back 401k

    By helpmeout,
    • 10 replies
    • 1k views

  41. Hegemony's private parts (taxable account edition)

    By hegemony,
    • 21 replies
    • 1.5k views

  42. Anyone use Personal Capital?

    By Dennis007,
    • 8 replies
    • 933 views

  43. It’s a Debt, Debt, Debt, Debt World After Lehman’s Collapse

    By hegemony,   
    • 9 replies
    • 1.1k views

  44. Fidelity introduces fee free index funds. Vanguard no commission ETF trading.

    By Burgerwars,   
    • 8 replies
    • 852 views

  45. Crypto’s 80% Plunge Is Now Worse Than the Dot-Com Crash

    By hegemony,
    • 0 replies
    • 427 views

  46. Crypto Wipeout Deepens to $640 Billion as Ether Leads Declines

    By hegemony,
    • 3 replies
    • 464 views

  47. One of the Co-Founders of Bitcoin.com Has Sold All of His Bitcoin

    By hegemony,
    • 7 replies
    • 833 views

  48. JTV arbitrage (free money????)

    By hegemony,
    • 3 replies
    • 621 views

  49. The Bull Market Is Really Old. Does That Mean It’s at Death's Door?

    By hegemony,
    • 4 replies
    • 579 views

  50. Schwab Intelligent Portfolios

    By Daddy,
    • 2 replies
    • 862 views

  51. Question About Bank Accounts in the Name of a Trust vs. Individual with the Trust as Beneficiary

    By cv91915,
    • 2 replies
    • 605 views

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  • Our picks

    • Collections, but Comcast didn't let me pay.

      FixTheProblems posted a topic in Credit Forum,

      Hello good folks,
       
      Background: last October, Comcast locked my account because *a stranger* (mistakenly) paid for it with a credit card, and later disputed the charge with their credit card company and did a chargeback. Comcast made it so I couldn't use any type of credit/debit cards to pay. It took some give months to even expose this issue, as agents didn't know why my account was locked. I cancelled my account but they still wouldn't let me pay. Eventually, they sent it to collections, which very promptly hit my credit history with a "Collections" derogratory record.
       
      Unfortunate timing, because I'm in the market right now for a mortgage. Without this note, my credit history is close to perfect, with FICO8 of 835+, and VantageScore3 of 810+.  With this, the scores drop to about 710 and 760 respectively. Meaning, either mortgage denial or higher interest rate, leading to huge sums wasted.
       
      My questions are:
      1) What is the best way to get this rectified and get this record off my history?  
                  - Is it possible to do a "pay for delete"?  
                  - Should I be talking to Comcast or to the collections agency?  
                  - Is there something I need to to in the interim, like disputing the record?  
                  - What would be the fastest way to deal with this? Ideally, I want to apply for a mortgage in the next week if possible. If not possible, in the next 3-8 weeks.  
       
      2) Are there particular mortgage lenders that use a more favorable scoring so this one single negative record doesn't hurt my mortgage rate?  
                  - My understanding is, FICO8 has this 120+ point drop for the first negative record, while other scores (like VantageScore3) doesn't drop so dramatically. Is this correct?
       
      Thank you very much in advance.
      • 67 replies
      MarvBear

      Picked By

      MarvBear,

    • Titty Bank Wants More Smoke

      RehabbingANDBlabbing posted a topic in Credit Forum,

      So my DH had a Citi/Best Buy card that was charged off in 2017. After beginning our credit repair process, I noticed the account was reporting the payment history inaccurately on Equifax and Experian. We disputed many times, then ended up suing them for FCRA violations. They settled the case by forgiving the debt and deleting the account from all reports.
       
      But now they’re back! In 2020, they sent us a 1099-C for an amount just a little bit shy of the balance. I believe it was just the principal balance, which amounted to $4,600. Well, as you know, it’s tax season. And who decides to send us another 1099-C for the same account/debt? Titty bank. They put the full amount of the debt this time; which was about $600 more than the first 1099-C they sent.
       
      I have consulted my lawyer because it seems illegal for them to write off the same debt twice. He has advised we should sue them again. While I’m sure we can win the case, litigation and settlement takes about a year to do, based on our past experiences. It ended up costing us an extra $1,200 in taxes this year. What do y’all think? Should we spend more time and effort on this situation? I’m pretty sure Titty also violated terms in our settlement agreement for the FCRA case as well, in regards to them not pursuing further collection activity.
       
      Any advice would be appreciated.
      • 24 replies
      MarvBear

      Picked By

      MarvBear,

    • American Express Member Since

      MP80 posted a topic in Credit Forum,

      I have come across a credit topic involving data point information that concerns AmEx's D* policy (which no longer exists) which triggered and raises an important question that may be of interest to anyone who has an AmEx credit card in their relationship history with AmEx.

      This is to give credit and courtesy to an excerpt from the @cashnocredit post...
       
       
      "I had an Amex in 1974, which closed in the early 80s. Opened a new one in 2011 but they didn't backdate me then. Had no record of it (which was always paid on time)."
       
      Question? 
       
      Does AmEx have all your previous applications and cards approved and store all positive and negative data indefinitely?
       
      • 42 replies
      MarvBear

      Picked By

      MarvBear,

    • Vig's Points, Miles, Cash Back, Earnings, Redemptions, and Shenanigans 2023 Edition

      TheVig posted a topic in Credit Forum,

      I decided to continue another year of my glorified spreadsheet. 2022 was a disappointment in the shenanigans dept. Most of the dive hotels I stay at did remodels during the pandemic. Not too many WTH moments. Disciplining myself to go under 5/24, allowed me to add a Chase CSP and CFU to the mix in 2022. The various dumpster dive apps I use paid off. To the tune of about $2000 in value.
       
      Inflation being what it is, I'm more hyper sensitive than ever on what spend goes on what card, to maximize spend multipliers.
       
      Credit Cards:
      Amex Gold & Every Day MR 441,390
      Amex Delta SkyMiles 205,415
      Citi MileUp MC American Airlines 69,345
      FNBO Amtrak Guest Rewards MC 135,948
      Chase CSP / CFU Signature Visa UR 101,559
      Chase IHG Traveler MC 66,064
      BofA Customized Cash Rewards Visa (3% Travel) $0.88
      Citi Double Cash MC (2% CB / TYP Everything) 21,186
      Citi Premier MC Thank You Points 34,280
      Choice Privileges Visa Signature 360,660
      WF Active Cash Signature Visa (2% CB Everything) $87.44
       
      Shopping Portals and Apps / Stacking Opportunities:
      DOSH (CB) $18.56
      Rakuten Amex MR Earning. Pays out quarterly. Points Pending: 6857
      Fetch Rewards (GC) 27,439 Points
      Ibotta (CB or GC) $7.65
      Upside (CB or GC) $14.15
      CoinOut (CB or GC) $8.65
      Payce (CB) $18.97
      Receipt Hog (CB or GC) 3156 Coins
      Receipt Jar (GC) 2013 Points
      Receipt Pal (GC) 4725 Points
      Shell Fuel Rewards (Earning AA Miles 2miles/gal.)
      Starbucks / Delta SkyMiles (Earn 1 SkyMile for every $1 spent at Starbucks)
      AA Simply Miles
      Airline / Hotel Dining and Shopping Portals
       
       
      • 170 replies
      MarvBear

      Picked By

      MarvBear,

    • When will this last baddie actually drop off??

      tps7c posted a topic in Credit Forum,

      Hi Everyone!
       
      I have one last bad account, unfortunately a repo, that is still on my Experian and Equifax reports. Before Experian changed their report format, at some point last year the repo account said "on report until April 2023." Well, it's April and it's still showing. Could it be until the END of April? Would it be worth calling Experian's backdoor number and asking about it? Maybe sweet talking them to delete it early? lol
       
      What do you guys think? In comparison, this account was scheduled to drop off my Transunion report in January and was gone in December. Equifax is the worst and it show dropping from the report in July. 
       
      Thanks guys!
      • 15 replies
      MarvBear

      Picked By

      MarvBear,
    View All

  • Posts

    • Flyingifr
      I just got approved for a $500 Discover card!

      By Flyingifr · Posted

      You are talking about Cap1 - an bank that is stingier with CLI's than the Grinch.
    • supern8ural
      Has anyone successfully got their interest rate lowered?

      By supern8ural · Posted

      Well this is an old thread, but coming back to this because the promo period on aforementioned AmEx BCE is expiring soon...   Now before anyone jumps in, I feel obligated to point out that I just paid off my statement balance on the BCE last month and have an auto payment scheduled for this Friday to pay off the statement balance again this month, so I've actually paid off the balance transfer early and should be able to avoid interest on any purchases (I do use the card as well, as the promo included 0% on purchases).   Anyway, I called them today as while the prime rate has gone down it's still 24.49%.  Did some digging and compared the generic cardmember agreement with my own   Category - generic CM agreement rate - my rate   Purchases - Prime + 12.74 to 21.74% - Prime + 17.74% Balance Transfers - same Cash Advance - Prime + 21.99% - Prime + 21.99%   so my purchases APR and BT APR are 5% higher than their lowest advertised rate.  This cannot stand!  especially since two of my FICO 8s are now >800.  (not sure why Equifax is stuck at 798...)   Called today and the lady was very nice - I seriously have nothing but nice things to say about AmEx's customer service.  Really should have got with them years ago.  I never have had a truly bad experience with credit cards, but AmEx really does seem to be trying harder to make sure I'm happy.  Anyway, I was told that they can't re-evaluate until the promo expires so please call back the day after it does so.  Fair enough, I'm setting a calendar reminder now.  There's the important info I came here to post, AmEx won't re-evaluate your APR while you're in a promo period apparently.  Anyway, this would be the last card I have where my interest rate is higher than the lowest advertised rate for that card (it's also my newest card).   My Costco Anywhere Visa is now at 18.74% which is actually lower than what they advertise now (19.49 - 27.49%) so I did call to get that lowered but apparently neglected to post the data point.   Now my Macy's AmEx (actually a Citi card) is an eye watering 32.74% but I don't really know if it's even worth it to call them as apparently they don't bother to evaluate you, that just is what it is.  I really only keep that card around to fatten my profile - I got it to get a fat discount on a watch I wanted a couple years ago and that really seems to be all it's good for, I just buy lunch on it once every six months or so and then pay it off.  I don't even ask for CLIs on it after they hit me with a hard pull a while back.
    • TheVig
      More Americans are relying on credit cards to buy groceries, new study finds

      By TheVig · Posted

      https://www.foxbusiness.com/economy/more-americans-relyinh-credit-cards-buy-groceries-new-study-finds    
    • TheVig
      The yoopers are poop'n

      By TheVig · Posted

      Taco Bell investigated as lettuce emerges as possible source of cyclosporiasis outbreak    
    • ShawnPY1972
      I just got approved for a $500 Discover card!

      By ShawnPY1972 · Posted

      I think at least one charge a month and promptly pay that off each month and every 6 months should qualify for higher credit line.

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