NT: Official Personal Finances Thread

[アミーゴ]

Silly question, but is there an app where you can list out your subscription services in a way in which you are alerted what date to expect your auto-pay to be taken out? Spotify, etc.

WF has it

 

[macbk]

WF has it

Don't have an account with them I recall the commercial now that ya mention it.

 

[antidope]

Don't have an account with them I recall the commercial now that ya mention it.

Clarity Money also has it.

https://claritymoney.com

 

[antidope]

How much life insurance do you guys have?

 

[lilchico4life]

Marcus by Goldman Sachs is offering up to $500 bonus with a deposit of $50k in new funds.


Boost your savings. Get a 1% Cash Bonus up to $500.

For a limited time, take advantage of this offer on our high-yield Online Savings Account. Deposit $1,000 or more in new funds into a new or existing account within 10 business days of enrollment in the offer, maintain your balance at enrollment plus the new funds for 90 days, and we’ll give you a 1% cash bonus up to $500. Enroll in this offer at the link below or by calling 1-855-730-SAVE (1-855-730-7283) by 11:59 pm ET on 7/29/19.

 

[antidope]

Chase is doing something similar.

https://accounts.chase.com/consumer...n/teaser2.defaultAID&wa_v1st=4C6A32653052665A

 

[lilchico4life]

Chase is doing something similar.

https://accounts.chase.com/consumer...n/teaser2.defaultAID&wa_v1st=4C6A32653052665A

I hate the fact they're offering a 0.01% APY on the savings, along with those monthly fees.

 

[Chopper]

$50k in a savings account is a long term losing bet. Invest that.

 

[antidope]

$50k in a savings account is a long term losing bet. Invest that.

Ehh depends on how much assets you have. I think building to that number as a semi long term cash target is reasonable. But on like a 80-20 split between investing and cash.

 

[tkthafm]

50k in cash is better served in something like VUSXX , thats where I park my cash when i’m out of the market, great yield and exempt from state taxes.

 

[antidope]

50k in cash is better served in something like VUSXX , thats where I park my cash when i’m out of the market, great yield and exempt from state taxes.

Mine is in GPPIX. I still consider it "cash"

 

[antidope]

https://www.bankrate.com/banking/betterment-launches-everyday-savings-cash-account/

On the cash conversation. I'm considering it. Same rate as the MF I'm in and no NAV risk (admittedly I was never concerned about the MF I was in but zero is better)

The checking will be the main draw.

I did it. I already have Betterment so it's a no brainer. If their checking accounts come with a yield component I'm making that my primary bank.

 

[oh you mad]

With market uncertainty I parked some of my money in a PNC high yield savings @ 2.33% absolutely no issues transferring money in or out. Needed some cash and ACH'd 40k with no problems, deal didn't go through so I put it back in. lol

 

[monstar]

Just trying to get out of this amex debt I put myself in.

When you cop your first home or property be real disciplined with any updates or furniture you buy. The old saying of take your Time is so true

 

[bostoiah]

https://www.bankrate.com/banking/betterment-launches-everyday-savings-cash-account/

On the cash conversation. I'm considering it. Same rate as the MF I'm in and no NAV risk (admittedly I was never concerned about the MF I was in but zero is better)

The checking will be the main draw.

I did it. I already have Betterment so it's a no brainer. If their checking accounts come with a yield component I'm making that my primary bank.

I just transferred my cash reserve from Ally to Wealthfront too

Think I’ll probably stick to Wealthfront...read the fine print and saw that this is a promotional period until 12/31/19. Now of course Wealthfront or any other high yield savings can slash their APY as well but don’t want to go through the trouble of opening another checking

 

[antidope]

I just transferred my cash reserve from Ally to Wealthfront too

Think I’ll probably stick to Wealthfront...read the fine print and saw that this is a promotional period until 12/31/19. Now of course Wealthfront or any other high yield savings can slash their APY as well but don’t want to go through the trouble of opening another checking

As soon as the yield drops I am out and back to my mutual fund. It's only a few dollars of difference but I use the interest to invest in the market or pay a bill so every penny counts.

 

[lilchico4life]

Just submitted my claim for the Equifax data breach settlement. Can get up to $125 for each claim. Did one for each of my family members as well.

 

[antidope]

Oh I took the credit monitoring for six years over the money. And you could just apply for the ten hours thing which I did. I feel like the monitoring is more of a value add

 

[plansb]

How much life insurance do you guys have?

2.5 million on me. 750k on my wife. I have a young child and I am primary earner or I would have gotten less for myself.

 

[lilchico4life]

Oh I took the credit monitoring for six years over the money. And you could just apply for the ten hours thing which I did. I feel like the monitoring is more of a value add

I opted for the cash since I primarily monitor through credit karma, as well as credit wise (Capital One) and credit journey (Chase). Also request a full credit report for free once a year.

 

[Brownstone]

Ehh depends on how much assets you have. I think building to that number as a semi long term cash target is reasonable. But on like a 80-20 split between investing and cash.

Naw, unless you 60+ no reason to have that much in a savings account.

 

[antidope]

I see the point. Like for example I don't own fixed income at all in my portfolio. I can't say I'll ever keep 50k of cash around but I understand the reasoning behind it.

 

[アミーゴ]

Yeah I have a large sum of money in cash for upcoming big purchases

 

[lilchico4life]

The purpose of the Marcus 1% bonus post was to take advantage of the quick 6.15% APR in 3 months. Withdraw the funds as soon as the bonus hits the account.

In my case, I maintain a 6 months emergency fund of $50k anyway. Anything more is invested in businesses, real estate, or stocks.

 

[アミーゴ]

I’ve got 300k in cash just sitting for this next big purchase next month and it’s just laughable at this point.