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Monthly Net Income: 3500 Monthly Expenses: mortgage 750 condo maintenance 285 electric 120 internet 40 cell phones 130 tv 75 health ins 320 dental ins 50 life ins 40 gas and auto maint 215 (two cars, 93 Saturn, 2001 Civic) Other Non-Monthly Expenses Auto ins 700 paid every 6 months Home owners ins about 500/year Education 1000 paid in 2009 for stuff the loans didn't cover Debt: Mortgage 97k @ 5.75% Student Loans 50k stafford loans, haven't had to start paying back yet. CC 9.2k @ 13% CC 3.2k @ 12% CC 2.5k @ 11% Savings: 14.2k Retirement: IRA with about 18k. Haven't contributed to this in a year. That summary doesn't make much sense right? 2025/mo expenses, 3500/mo income, we should be knocking that cc debt down quick. Here's the problem: I've kept track of every penny spent from Jan 2008. The plan was to do that for 2008, then make changes in 2009. I ran some excel formulas on the expense categories last night and we haven't changed a drat thing in 2009. Our spending habits are ridiculous. I have known this but haven't been able to change our spending habits yet. Excel tells me this for 2009 monthly spending: Grocery stores 477 Restaurant 372 Entertainment 357 Misc 669 Gifts 132 Medical 226 CC Interest 206 What should we do with that savings? Wife wants to buy or lease a new car and I'm thinking that is crazy right now. What steps would you take to control spending? Keeping track in Excel of every penny spent hasn't done much. **************************************** Edited: 7/17/2010. Making progress. zaurg's Student Loan Debt Tracker 1/1/2010 - $50,218 6/1/2010 - $50,927 7/1/2010 - $47,895 7/17/2010 - $45,962 zaurg's Credit Card Debt Tracker 02/01/2009 - CCDebt $19,073 07/23/2009 - CCDebt $14,900 10/14/2009 - CCDebt $12,519 12/01/2009 - CCDebt $10,234 01/21/2010 - CCDebt $8,348 01/31/2010 - CCDebt $8,021 02/07/2010 - CCDebt $6,821 02/13/2010 - CCDebt $3,050 02/17/2010 - CCDebt $2,050 02/19/2010 - CCDebt $1,050 02/26/2010 - CCDebt $0 zaurg fucked around with this message at 04:15 on Jul 18, 2010 |
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Jul 23, 2009 21:45
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Michaelos posted:What is in "Misc 669"? You have so many different things itemized I'm having a hard time figuring out what else you could be spending almost as much as your mortgage payment on. Anything I just slap in the Misc category. I couldn't tell you how the hell it has averaged $669/month so I looked at this month, which is up to $539. So much of this stuff we rationalize as "needs". She needed some new clothes because she's pregnant and grew out of other stuff. I needed some stupid bookends at office depot. I needed hardware parts to install a radio. It goes on and on and I'm doing this so I can see and hear from you guys the ridculousness of it before I sit down and talk with the wife 7/2/09 Misc victoria secret $21.20 7/2/09 Misc newspaper $0.75 7/9/09 Misc victoria secret $51.94 7/10/09 Misc belzers hardware $3.93 7/11/09 Misc beauticontrol $171.61 7/11/09 Misc abc distrib $21.07 7/12/09 Misc home depot $36.14 7/14/09 Misc vacuum part $11.95 7/14/09 Misc cpr class $30.00 7/15/09 Misc ticketalbums.com $13.45 7/16/09 Misc home depot $3.67 7/17/09 Misc legacy.com $36.75 7/17/09 Misc legacy.com $2.95 7/19/09 Misc gum $1.50 7/20/09 Misc juice plus $92.00 7/22/09 Misc postal sweets $10.64 7/22/09 Misc office depot $9.57 7/22/09 Misc post office $20.70 total 539.82
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Jul 23, 2009 22:21
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Zhentar posted:Why? Why can't you just eat at home? I mean that as a serious question; what are you telling yourself when you walk into a restaurant several times a week that convinces you that it's okay to keep spending $360/mo eating out? Need to break the eating out habit. She buys lunch 4 times a week and we go out to restaurants too often. We're actually not sickly people. I guess our health insurance (BlueCross BlueShield) is expensive. She gets it from her employer and added me on, and the rates just went up, so it is $320/month. I need to shop around on that, because we'll be adding a 3rd person (baby) very soon. As for the $226/month medical expenses, I will look closer at that. I think I categorized a lot of her pregnant-related bills as Medical which would explain that amount. SlapActionJackson posted:Are you both employed now? Will the wife stay home with the baby? Both employed but my work is part-time at nights. So she will stay home for 8 weeks (4 of that are paid, 4 weeks we have saved for). After she goes back to work I will care for baby in morning and work at night. That's the plan. CornHolio posted:what the heck is $92.00 on 'juice plus?' That'd be a lot of juice. It's a vitamin. 1 month supply for an adult is $46. Crazy MLM vitamin company stuff, I haven't won that argument with her. zaurg fucked around with this message at 00:40 on Jul 24, 2009 |
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Jul 24, 2009 00:33
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zaurg fucked around with this message at 00:39 on Jul 24, 2009 |
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Jul 24, 2009 00:35
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Jul 24, 2009 00:38
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geetee posted:You're spending over $1000 per year on a gimmick. How much would it be worth to you if I could lower that to under $15? http://www.amazon.com/Centrum-423926-250-Count-Bottle/dp/B0000VLXQO Actually it's $552/year (she takes them, I don't), which is still insane. I buy multivitamin and fish oil from bodybuilding.com so I spend about $7/month on my vitamins. SlapActionJackson posted:Saved for as in she has accumulated vacation time so that you will continue to receive her paycheck throughout the entire 8 weeks, or saved for as in you plan to replace her income with a drawdown of your $14.2k savings for the 2nd 4 weeks? If the latter, what is her portion of the household income? 4 weeks of her timeoff will not be paid. Normally she would have brought home about $2500 over that time. So by saved for, I meant we would use money already in savings to survive during that time. GamingHyena posted:Beauticontrol looks like some sort of marketing scheme with beauty products. You realize that between this and the vitamins that you guys are spending more each month on MLM crap than your credit card interest, right? Yup. She did sell some of that for $130, so she actually spent $41.61 on herself, which isn't a monthly thing, but is still an unneeded expense. Blinkman987 posted:I'm sorry you married someone who falls for MLM poo poo. I guess you had to know this going into the marriage, right? Yup, I knew it, which makes me just as crazy. The Misc thing is definitely one of the biggest wtf's and we both need to bite the curb. Legacy.com is a site that hosts all obituaries and let's you setup a memorial site. I found someone had made a memorial site for a dead family member and signed up on an impulse. Waste of money. Backno posted:You need to cut your entertainment and eating out by a ton. You guys spend more then double what my wife and I spend a month. How you guys spend that much eating out and still drop 450 bucks at the grocery store stuns me. This is good info. See my wife thinks what we spend is normal and what most people do. Entertainment and food and misc are ridiculous I know. She is 36 weeks. We just packed up our bag of stuff to take to the hospital once she goes into labor. Since quite a few of you asked how we spend that much on food, next I will post June's food purchases log. Stay tuned for the madness.
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Jul 24, 2009 05:53
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I'm 5'11" 185lbs. She is 5'3" and normally 105 lbs, but is up to 122 lbs now pregnant. This is embarrassing. Here's June which was actually a low month for spending on food. 6/1/09 Grocery publix $18.43 6/3/09 Grocery publix $24.26 6/6/09 Grocery publix $54.99 6/6/09 Grocery costco $130.00 6/13/09 Grocery publix $56.43 6/13/09 Grocery publix $48.19 6/14/09 Grocery publix $6.21 6/15/09 Grocery publix $7.50 6/16/09 Grocery publix $20.08 6/18/09 Grocery publix $15.49 6/24/09 Grocery publix $72.85 6/25/09 Grocery albertsons $14.20 6/27/09 Grocery ice (baby shower party) $14.02 6/27/09 Grocery publix $11.99 --------------------------------------------------------- 6/1/09 Restaurant duffys $18.37 6/2/09 Restaurant slurpee $1.09 6/5/09 Restaurant slurpee $1.09 6/5/09 Restaurant quiznos $12.41 6/6/09 Restaurant costco $4.24 6/8/09 Restaurant lunch $15.00 6/8/09 Restaurant coffee drink $3.04 6/9/09 Restaurant lunch $10.00 6/10/09 Restaurant lunch $13.00 6/11/09 Restaurant lunch $5.50 6/11/09 Restaurant mcdonalds $3.00 6/12/09 Restaurant mcdonalds $5.30 6/13/09 Restaurant tommassoos $14.00 6/13/09 Restaurant gas station drink $3.00 6/14/09 Restaurant slurpee $1.38 6/15/09 Restaurant mcdonalds $2.34 6/15/09 Restaurant pizza $12.00 6/16/09 Restaurant lunch $10.00 6/17/09 Restaurant fratellis $32.00 6/20/09 Restaurant drinks $2.50 6/22/09 Restaurant lunch $6.50 6/22/09 Restaurant ice cream $10.00 6/22/09 Restaurant drinks $6.50 6/23/09 Restaurant lunch $6.00 6/24/09 Restaurant lunch $7.25 6/25/09 Restaurant drinks $1.88 6/26/09 Restaurant drinks $2.12 6/26/09 Restaurant dinner $25.00 6/27/09 Restaurant mcdonalds $6.50 6/28/09 Restaurant drinks $2.87 6/29/09 Restaurant lunch $5.00 6/30/09 Restaurant lunch $9.00 6/30/09 Restaurant duffys $12.00 --------------------------------------------------------- TOTAL grocery store 494.64 TOTAL restaurants 269.88 TOTAL spent on food and household stuff 764.52
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Jul 24, 2009 06:01
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Froshaka posted:stop being retarded with money - newspaper - you're right - victoria secret - she was buying new clothes because she grew out of old clothes since she's 8 months pregnant. I agree Target would probably be cheaper. - cpr class - we thought it would be a good idea to learn cpr (infant/child/adult) before having a kid. Now that I think about it would could have learned the same thing for free online. - legacy.com, juiceplus, and beauticontrol I already answered above. Wastes of money. Yes this is the type of crap we need to stop. Not sure if we're young as you were thinking... I'm 31, she's 32. You would think we would have all the latest and greatest new toys with this kind of spending, but really we don't. Some stuff I'd love to upgrade but have said for years we can't afford it: cheap point&shoot camera 6 year old 36" Tube TV 3-year old self-built cheapo computer Old IBM laptop purchased used years ago 1993 Saturn 2001 Civic (paid off years ago) Hand-me-down queen size mattress We just buy a lot of little poo poo (daily) which adds up quickly. I like your credit card idea... we basically put them all away in a drawer a while ago but they crept back out again when we "needed" things. We have brought down the CC debt from 23k to 14.9k so we have been working at it but it's going too slowly. I like your idea. I think a lot of this has to do with my wife and I not being on the same page and not having the same goals (or lack of goals) for way too long. Going to use a lot of this thread's info when we sit down and talk this weekend.
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Jul 24, 2009 20:40
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Expense and income categories from 2008. Last item I'm posting regarding the past. Only saved 3.9% into retirement and only 1.9% in cash savings! How we spent almost 6k on "Entertainment" last year and I didn't get a new LCD TV blows my mind. There are other people out there this retarded with their money right? I want to hear someone who was close to this madness and changed their ways 2008 Category Total Avg Housing $12,576 $1,048 Auto $3,271 $273 Utilities $4,047 $337 Insurance $2,790 $233 Education $5,671 $473 Grocery $6,690 $558 Restaurant $3,693 $308 Entertainment $5,982 $498 Misc $4,942 $412 Gifts $4,208 $351 Medical $2,035 $170 Vacation $1,913 $159 CCInterest $2,054 $171 Total Expenses $59,953 $4,996 Total Income $63,693 $5,308 Balance $3,740 Total Investments $2,520 $210 Cash left $1,220 Wife gets 100% of the blame for the stupid Gifts category. She has improved with that but still needs work. btw, this is a pretty cool Excel formula if you have multiple worksheets: =SUMPRODUCT(SUMIF(INDIRECT("'08"&ROW(INDIRECT("1:12"))&"'!M2:M50"),A3,INDIRECT("'08"&ROW(INDIRECT("1:12"))&"'!N2:N50")))
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Jul 24, 2009 21:05
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Zombie Dictator posted:I really hope some of that was to charity and not iPods for spoiled brats. None of that was to charity. I didn't even make a charity category because it would've only been about $100. 75% of it was to spoiled brats. Wife *has* to give a gift to literally everyone. Her friends. Her friend's kids. Her cousin's boyfriend. Everyone who shows up to the 3 or more family Christmas parties we go to and then some. I don't mind giving a gift but if it's to a kid who already has 2 rooms full of toys, you don't need to give 2-3 gifts that are $20 each. This Christmas the plan is to give away poo poo we already have in the house or nothing at all. "Merry Christmas" will be my gift to people, I'm poor and you don't want this stupid little thing that you'll just shove in a closet anyway.
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Jul 24, 2009 21:30
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Jolly Green Giant posted:The op last year spend more on groceries and lovely restaurants then a lot of people pay rent. Heck I usually eat lunches for $10-15 and I can't figure out how you spent over $10K on food + groceries. How full is your trash? Do you throw a lot of food away? I'd say we throw a decent amount of food away. It's typically like I'll make a big dinner and end up throwing leftovers away 2 days later. Or fresh fruit/veggies, we always buy too much and throw some away. $60 for DirecTV with DVR, $15 for Netflix. The TV is a necessity, Netflix isn't, and I should ditch that, I can download movies to replace that and save $15/month. I drink about 6-8 bottles of water a day, which is another unneeded expense since I have a PUR filter on our kitchen faucet. June was just weird with the buying drinks like diet green tea and vitamin water at the convenience store, I usually don't do that and haven't this month. SlapActionJackson posted:So you made almost $2,000 /mo more family income last year when one of you was still in school? Yes. I lost my job middle of 2008 and got a much lower paying part-time job shortly after. We were spending way too much before I lost my job and you're right we haven't cut expenses since. Backno posted:A few other things that you will want to think about budgeting for: Good stuff, thanks. Last time I did car registrations they were $30 a piece. Property tax is escrowed into our mortgage. I paid for a couple months worth of Dave Ramsey's site mytotalmoneymakeover.com then I switched the expense tracking over to Excel. Now I need to make an actual budget instead of just tracking what we spend.
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Jul 25, 2009 05:01
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80k posted:also, you can cut your cell phone bill in half, easily. $75/mo should easily get you a family plan with two phones, with unlimited nights and weekends, and around 700 anytime minutes. Anything more than that is a luxury that you can't afford. Used to be on that 700 min plan and we went over. So I cancelled our landline, cancelled Tivo, changed from Comcast to DirecTV, upgraded cell phone, those 4 changes reduced our monthly "utilities" bill by $64. Currently on the 1400 min cell phone plan which is way too much (have a lot of rollover mins), but 700min is too little at times. If you guys know of a service that has something in between please clue me in. But I will check our last few months bills to see how close to that 700 mins we were. Maybe it is time to curb the phone usage and downgrade
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Jul 26, 2009 05:21
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Kobayashi posted:Chill the gently caress out, dude. This is a thread about not being retarded with money, and if you'd stop hyperventilating for a second, you'd see that there's no one magic solution to zaurg's problems, short of strangling his wife. His biggest problem is that he and his wife throw away nearly $1k a month into a black hole of "misc" purchases. I'm just asking the guy why he thinks TV is such a sacrosanct expense, especially when a lot of content can be had for free on the Internet these days. Yeah, my follow on to that would probably be, "do you think you can do without?", but that's the same follow on I have to a bulleted list of McDonald's ice coffees and Kwik-E Mart slurpees everyday. If zaurg thinks it's necessary for some reason, then so be it. He can certainly afford it. He just needs to do a better job of thinking about what he and his wife are spending their money on, and if they really need to spend it on those things. But by all means, keep raging out of control if it makes you feel better. Kobayashi, Zombie, I'm willing to look at every single item we spend money on to try to reclassify them as a true necessity or a luxury. TV has been reviewed and is one of those few things that I could do without, wife couldn't. We're going to keep it. Plus football season is just about to start so I changed my mind, lol.
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Jul 27, 2009 05:37
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SlapActionJackson posted:So how'd the discussion with the wife go? Thanks for asking. Had that discussion today and it went very well! I'm excited. I started off by saying I wanted to discuss and actually write down our goals and make a budget. Then I showed her the figures I posted earlier in the thread, some of them hit her pretty hard like that drat "Misc" category of $669/month. So; - We are not buying or leasing a car. - I am going to install our new infant carseat in both of our cars tomorrow to make sure it latch's up properly and isn't too hard to take out of her 2-door car. Hopefully that will ease her mind a little more. - We will make our budget this week and understand it may take a month or two to get it right. We made one a year ago on that Ramsey web site and obviously didn't stick to it and switched to just tracking expenses. - Paid off 1 credit card and brought balance down on another. Total credit card debt is now $10781, down from $14902. Savings is at $10626. I'll update as we make progress
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Jul 27, 2009 05:53
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KarmaCandy posted:Are you at school during the day right now? I'm not going to school. So yes I'll have time during the day while I'm watching the baby. One thing I know I'll have to spend a little more time on is preparing food. Going to use our slow cooker a lot I think. Need to have quick meals ready for lunches and dinners, need to cut that food expense down a lot! Very good tips though, thanks. Shared that one about the Christmas/Bday gifts with the wife and she agrees it makes sense
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Jul 27, 2009 06:10
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three posted:Are you still in school? You said you're 31. If you haven't started paying back the loans, how did you spend $5,671 on education last year? I wasn't in school, wife was/is. Not even going to go into her choice of school but it is very expensive. So yes, $5,671 was spent last year out of pocket on tuition, in addition to the loans. Didn't get any pell grants last year.
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Jul 27, 2009 06:15
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USDA Choice posted:Why not go into it? That is a ton of money. Not going into it because the past is the past. She's almost done and there is a nice sack of student loans to pay back, that's the only thing that matters for this thread.
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Jul 27, 2009 10:00
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dancavallaro posted:But seriously, between the MLM crap, the extravagant gift-giving, the fact that she just can't give up TV, the VS clothes, and now this poor choice of school that you're being very cryptic about, your wife seems ridiculously high maintenance. You really need to get her on board with you in order for this to work, but it does sound like you're making progress on that front. I didn't intend on this thread involving so much bashing of my wife, lol. I guess it was inevitible because of the list of expenses I chose to post. I could have posted another month that showed me spending a couple hundred bucks on season football tickets and $30 a game on beer. What I'm saying is I certainly put in my share for poor spending habits and have plenty of work to do myself. I never really thought of her as ridiculously high maintenance, she just likes to stick her head in the sand and not look at $$, which is exactly what she did with school. She just wanted to go get a degree and focus 100% on the actual school and not worry about the $$ or else she felt should wouldn't continue with the school if she worried too much about the $. I'm the EXACT opposite, I have to know where every penny is going, I called Comcast 3 times when they kept charging us $0.28 a month for something we didn't have. She would have let that poo poo keep on going for years. She also let something like a drat "Payment Protection" on her credit cards go on for years which I exploded about (CapitalOneShit.xls is way too large of a file, seriously I had to make a spreadsheet of her various Payment Protection, Account Balance Coverage Premium, "PlanPlus", a handful of scams.) and had to call for her to cancel them. Ok now I'm getting back to bashing the wife... breathe.... I'll keep updating.
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Jul 28, 2009 05:23
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three posted:What is your wife going to school for? You have a lot of student debt. Does she plan on working when she graduates? Please don't tell me she's getting a degree in English. ok. She takes online classes at Devry. She is just about done with a 2-year Accounting Technology degree. She has 3 courses/8 credit hours left. She's worked as an Accounting Assistant/Office Manager type job the past 8 years for 2 small companies which seems to stick her permanently in the $15-20/hr range. So she's getting a degree and learning more in hopes of getting a better job. Analyzing whether or not the 2-year Devry thing was worth it is pointless at this time. What would be a good analysis is if completing a 4-year BS in Business Administration with Accounting Concentration at Devry would be worth it. She would have 18 courses/63 credit hours left to complete that. Last time I checked they charge $540 per credit hour. 
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Jul 28, 2009 06:38
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KarmaCandy posted:I'm guessing this was last year and you don't have these this year, right? If you do, I hope they're already up for sale online somewhere. Things like season football tickets are definitely things you can't afford. I have two luxuries a year that I cannot see myself giving up. Those football tickets and fantasy football. Fantasy football costs $100/year and I have the possibility to make that back or more. Last year I broke exactly even. Once my child is born I may care much less and stop playing FF like one father who dropped out of our league this year, but I doubt it. On to the football tickets. I already purchased a ticket for 9 games and I know for sure I'm selling one of them, which would bring my cost down to $208 for 8 games including parking. That does not include gas, food, beer. I will be carpooling with 3 others to bring gas cost down. And the plan for beer & food is to tailgate to prevent buying any $7 beers at the stadium... that is the plan at least. I feel confident saying those 8 games will cost under $300 for the year and I may sell one more ticket to bring that down to about $250. Doing what I can to make this work because I'm not giving up the football. I may need to look at other ways to save to help offset the cost. How about canceling Netflix? $14.90/month * 12 = $178.80. I never get a chance to watch movies anyway and I have a collection of 700 DVD's and I haven't seen 300 of them. Netflix is NOT needed.
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Jul 28, 2009 18:29
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I get what you're saying, dreesemonkey. The wife is into fantasy football too so we're ok there. But I get what guaranteed is saying, I'm going about this backwards, I need to make the budget first, then decide what can fit into the budget, not buy a bunch of poo poo then make a budget based on what I buy. I will have that ready by August 1st.
zaurg fucked around with this message at 19:41 on Jul 28, 2009 |
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Jul 28, 2009 19:23
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il serpente cosmico posted:Holy poo poo. You are hemorrhaging money. That's what, $3000 on unwatched DVDs? Yes we are hemorrhaging money. But no, the DVD's aren't related and are not an issue on this topic. I only brought them up to say I had stuff to watch and Netflix wasn't even close to a necessity.
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Jul 28, 2009 19:43
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Zombie Dictator posted:Stop looking at things to cut and make a Goddamn budget. I am getting it and thank you for the sample budget, that will help. We'll have it done to start with on August 1st. Need to create it together with the wife.
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Jul 28, 2009 21:01
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Zombie Dictator posted:Here, I'll show you mine to make it easier for you. Question about this, what happens when you only spend $50 for Group, what do you do with the extra $200? Throw it into savings?
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Jul 28, 2009 21:05
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Getting rid of Internet? Phones? Come on man. We could rent the condo out and go live with our parents too, but no thanks. Have to keep a few things. I want to stay away from gimmicky things like hiding money from myself. Either we're going to change our ways and setup a budget and stick to it, or we're not. Auto Ins - I will check a new quote on that, thanks. Retirement - 18k is better than 0. Worrying about poo poo like that = stress = heartattacks at age 40. Once we get our budget and spending in check I'll budget at least a little contribution each month back into that IRA, which is about the most I can do right now. Financial Diet - we're starting that along with the budget. Food budget - This used to be a big WTF for me but it's very easy to spend a ton of food. But I think it's also one area we can chop a good 40% off too if we try. Take this month for example, Grocery + Restaurant = $815. ------------------ Grocery Stores: $488.07 - Focus more on buying on sale and store brands which are often 25-40% cheaper. Cut this to $350/month? Wife Lunch: $143.37 - Jesus H. Christ. Some of this she does bring home and turn into dinner or lunch the next day but still, drat. In July that is 20 work days so far which is $7.17 per day spent on lunch, AND she's brought her lunch some of those days. Try to set a realistic goal here, how about buy lunch 1 day a week, 4 days a month = $40? To achieve this goal I will need to help and make sure lunches are ready the night before. Both Out to Dinner/Lunch//Breakfast: $132.21 - Remove from Food budget, place in Entertainment/Group budget. Me Lunch: $26.50 - Cut to 0. Random snacks and drinks: $24.85 - Cut to 0. Need to add Food for baby. I hope breastfeeding goes well. ------------------ Additional note about the Random Snacks/Drinks category. I think twice in the past week a situation came up where the wife was going to buy something and I said "do we really need that?" and she replied "it's only three bucks!". And look at that, $24.85/month on random "only three bucks" items = $300/year. I need to get this through to her. (I said this same thing to myself a few times this week when I had the urge to buy beer or a stupid monster energy drink and decided to drink some water instead, or something I had at home already.) zaurg fucked around with this message at 15:53 on Jul 29, 2009 |
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Jul 29, 2009 15:44
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2001 Honda Bodily Injury Liability ($10,000 each person/$20,000 each accident) = $107.00 Property Damage Liability ($25,000 each accident) = $82.00 Personal Injury Protection ($10,000 limit, $1000/person deductible) = $159.00 Uninsured/Underinsured Motorist: Rejected Comprehensive (Actual Cash Value) ($1000 deductible) = $69.00 Collision (Actual Cash Value) ($1000 deductible) = $96.00 Total premium Honda = $513.00 ------------------------ 1993 Saturn Bodily Injury Liability ($10,000 each person/$20,000 each accident) = $85.00 Property Damage Liability ($25,000 each accident) = $65.00 Personal Injury Protection ($10,000 limit, $1000/person deductible) = $126.00 Uninsured/Underinsured Motorist: Rejected Total premium Saturn = $276.00 ------------------------ Subtotal = $789.00 Florida Hurricane Catastrophe Fund = $7.89 Total 6 month policy premium = $796.89 Discount if paid in full = -118.17 Total 6 month policy premium if paid in full = $678.72 Discounts: continuous insurance: platinum, multi-car, 3 year accident and violation free, both cars have airbags $687.72 * 2 = $1375.44 for the year. ok so the question here is the Comp and Collision on the Honda right? I checked KBB and the Honda's value is $4755. Collision Coverage: Pays for loss to your covered vehicle when it collides with another object or overturns. We will also pay for a collision loss to any non-owned vehicle, or to a vehicle you have rented other than a vehicle rented for use in connection with your business or employment, while that vehicle is in your custody, or while you are operating it. Comprehensive Coverage: Pays for loss or damage to your covered vehicle caused by any event other than collision. This includes damages due to events such as fire, theft, windstorm, flood, and vandalism. We will also pay transportation and loss of use expenses under this coverage if your motor vehicle is stolen. So let's say we get a hurricane and a boat lands on the Honda and totals it. Progressive will give us at most $3755 ($4755 minus 1k deductible)? And we're paying about $320/year for that? (fixed math) zaurg fucked around with this message at 17:54 on Jul 29, 2009 |
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Jul 29, 2009 16:21
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Zhentar posted:I can see why you are having financial troubles. ha ha. fixed.
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Jul 29, 2009 17:55
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n8r and Ahz (AND Zhentar) got me concerned about auto insurance now. I'm trying to determine how much we need and should have. YES, I currently only have the Florida required minimum of 10/20/10 for Bodily Injury & Property Damage. What if I'm in an accident and the other person sues me for $100k and my auto insurance only covers up to $10k? They can come after personal property/assets for the other 90k correct? So to eval how much auto insurance I need, I need to figure out what, if any, assets I have to protect. This article says I should calculate my net worth first. I'm doing that here but I don't understand why "face value of life insurance policy" is there. Wife and I have life insurance and that makes a HUGE difference in the net worth calculation. Without adding the life insurance it says our net worth is $47k. zaurg fucked around with this message at 19:07 on Jul 29, 2009 |
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Jul 29, 2009 19:05
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Ahz posted:I don't see how net worth is an issue. You want to be able to cover whomever is injured for whatever medical costs may be plus pain and suffering. Then multiply that by 6 as that's how many people you could easily injure in a minivan. A whiplash settlement can cost easily $200k for one person including rehab/medical/future care, so if I were you I would go with 2mil. Forgive me I'm pretty clueless when it comes to insurance and anything lawsuit related. I don't understand how I could possibly be prepared for paying out a 2 million dollar settlement if I disabled a bunch of people in a minivan. I mean if I only have $50k to my name, what's the point of paying an assload every month just to pay someone else's medical costs
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Jul 29, 2009 19:17
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SlapActionJackson posted:Life insurance figures into how much your estate will be worth (i.e. when you're dead). That's not relevant here. Ok I didn't know about that. Thank you, this is what I was looking for. I'm going to get a quote on removing Comp & Collision and upping the Liability coverage, maybe they will even out and my insurance premium will stay about the same.
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Jul 29, 2009 19:19
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Zhentar posted:zaurg, you sure you didn't leave off a zero? Please tell me your liability insurance is at least $100,000 personal injury. Which is still too low but at least it would be quite as ridiculous. Ahz posted:You want to be able to cover whomever is injured for whatever medical costs may be plus pain and suffering. Then multiply that by 6 as that's how many people you could easily injure in a minivan. A whiplash settlement can cost easily $200k for one person including rehab/medical/future care, so if I were you I would go with 2mil. SlapActionJackson posted:Many auto policies won't go that high, and OP is not in a position where he needs to be spending money on an umbrella policy. Phil Moscowitz posted:Why the gently caress would you have comprehensive coverage but reject UIM? You do realize that if you, your wife, and your baby are t-boned by an idiot with $10k/$20k limits (oh hey that sounds familiar), you'll have a grand total of $30k to pay all of your medical bills, assuming your insurance and the tortfeasors pay policy limits? drat. I started at this to reduce auto insurance costs and now I'm increasing it a couple hundred a year. All these quotes are from the same company (Progressive) so I will compare them to a couple others. which of these would you go with? 2001 Honda Civic LX Coupe 2D (Value estimated at $5115) 1993 Saturn SL1 4D (Value estimated at $1280) Current Policy: Bodily Injury & Property Damage: 10/20/10 Uninsured/Underinsured Motorist: None Personal Injury Protection: Basic/$1000 Deductible/Named Insured & Resident Relatives Comprehensive and Collision on Honda: $1000/$1000 Deductible Comprehensive and Collision on Saturn: None = $1357.44/yr ---------------------------- Change in coverage quotes Bodily Injury & Property Damage: 100/300/50 Uninsured/Underinsured Motorist: None Personal Injury Protection: Basic/$1000 Deductible/Named Insured & Resident Relatives Comprehensive and Collision on Honda: None Comprehensive and Collision on Saturn: None = increase $143.42/yr Bodily Injury & Property Damage: 100/300/50 Uninsured/Underinsured Motorist: 10/20/Non-Stacked Personal Injury Protection: Basic/$1000 Deductible/Named Insured & Resident Relatives Comprehensive and Collision on Honda: 1000/1000 Deductibles Comprehensive and Collision on Saturn: None = increase $380.77/yr Bodily Injury & Property Damage: 100/300/50 Uninsured/Underinsured Motorist: 25/50/Non-Stacked Personal Injury Protection: Basic/$1000 Deductible/Named Insured & Resident Relatives Comprehensive and Collision on Honda: 1000/1000 Deductibles Comprehensive and Collision on Saturn: None = increase $439.35/yr Bodily Injury & Property Damage: 100/300/50 Uninsured/Underinsured Motorist: 50/100/Non-Stacked Personal Injury Protection: Basic/$1000 Deductible/Named Insured & Resident Relatives Comprehensive and Collision on Honda: 1000/None Comprehensive and Collision on Saturn: None = increase $402.99/yr Bodily Injury & Property Damage: 100/300/50 Uninsured/Underinsured Motorist: 100/300/Non-Stacked Personal Injury Protection: Basic/$1000 Deductible/Named Insured & Resident Relatives Comprehensive and Collision on Honda: None Comprehensive and Collision on Saturn: None = increase $413.09/yr Bodily Injury & Property Damage: 50/100/50 Uninsured/Underinsured Motorist: 50/100/Non-Stacked Personal Injury Protection: Basic/$1000 Deductible/Named Insured & Resident Relatives Comprehensive and Collision on Honda: None Comprehensive and Collision on Saturn: None = increase $222.20
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Jul 29, 2009 20:03
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Zombie Dictator posted:Progressive is loving terrible, but what do you expect when half their money goes towards commercials? Ran a quote on AAA and Travelers gave the best price. (increased) Bodily Injury & Property Damage: 100/300/100 (new) Uninsured/Underinsured Motorist: 100/300/Non-Stacked (same) Personal Injury Protection: Basic/$1000 Deductible/Named Insured & Resident Relatives (new) Medical Payments: $1000 each person (removed) Comprehensive and Collision on Honda: None (same) Comprehensive and Collision on Saturn: None = $1393.80 for the year, only a $36 increase for what appears to be much better covereage.
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Jul 29, 2009 20:30
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Arzakon posted:What the gently caress have you been running into where 50/100/50 with UIM and no Comprehensive costs $1600/mo on two pieces of poo poo? 31 and 32 years old. Neither of us have ever filed a claim. I was hit from behind on I-95 8 years ago and that's my only accident, and no claim was filed. I just think Progressive is expensive.
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Jul 29, 2009 20:31
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n8r posted:I think you mentioned your civic is a 2 door? I'm not one to tell people they need a different car, but that's going to suck rear end putting a kid into on a daily basis. It might be worth seeing if you can sell the civic and buy a similarly priced 4 door car. Yes the Civic is a 2 door. I installed the car seat base tonight and it didn't see too bad to me moving the infant carrier in and out of the car, while imaging a baby being in there. Next I have to install the other base in my Saturn and make sure everything secure hooks up. Also need to make sure the stroller fits in the Civic's trunk, forgot about that tonight. So I think (knock on wood) we're good with the 2 cars we have for now.
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Jul 30, 2009 07:15
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guaranteed posted:Insurance companies are always jerks to the other guy. I love USAA, but some old guy insured with them ran into the front of my dad's bookstore once and pushed the whole wall in and broke the window, and the little USAA guy who came up to assess it was a total jerk about it. The strip mall owner almost took their offer of about half what it really cost, too, until my dad yelled at them. You just have to push back and make even more ridiculous threats than they do. The only accident I've been in involved USAA. On I-95, a young kid in a Chevy Suburban slammed into the back of a Jeep, into a Neon, into me (Altima), into a Van. Totaled the Suburban, Jeep, Neon, and my Altima. I got screwed. I owed $10k on the loan on my Altima and USAA gave me a rental for 2 weeks, then about $10.5k and I accepted and that was it. Yeah, I got my loan paid off, and 500 bucks, but I had no loving car.
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Jul 31, 2009 06:19
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guaranteed posted:Well, how much was the Altima worth at the time? If it was only worth $10,500, then you made out just fine. If it was worth $15,000, then you should have pulled out a lawyer or set your own insurance company on them. Irrelevant. Before crash, I had a car. After crash, I had no car. At least that's the way I see it now. I'd rather have had a similar car given to me and leave my loan intact. See what I mean? And I used the car for work. I used my dad's truck for a while to get by. Christ this is getting off topic. I'll post our budget on the 1st.
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Jul 31, 2009 08:04
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KarmaCandy posted:Alright, August 1st, let's see that budget. Still working on it. I'm anal with these spreadsheets. I'm headed off to a Marlins game though, will post later. Great start on this here budget, going to use up most of Entertainment on the first day.
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Aug 1, 2009 22:44
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guaranteed posted:Well, zaurg did CornHolio posted:Oh. Well thats just silly then. See thread title and substitute insurance for money.
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Aug 2, 2009 07:52
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ok I have no clue what I'm doing here but it's done and it will be tracked in August. I'm expecting we'll be way off and have to modify it quite a bit going into September. I also think I'm forgetting to categorize some stuff but I want it as simple as possible like Zombie Dictator posted a couple pages ago (the less categories the better). Will be logging expenses and checking it every day though to see how we're doing. Started off *very* bad today. Income $3,500 Savings Savings $250 Unexpected $75 Retirement $- (can't do this right now, plan on implementing it in a month or two once we get the rest of the budget somewhat solidified) Debt AMEX $264 Discover $100 StudentLoans $- (won't have to pay these back for a while but put the category here anyway) Vitals - Monthly Mortgage $750 HOA $285 Electric $120 Internet $30 Baby $100 HealthInsurance $250 (currently paying $320/mo but I think we can do better) DentalInsurance $50 (if we move to Humana Dental is included with their health ins plan) DisabilityInsurance $- (don't have) LifeInsurance $41 AutoGas $150 AutoMaintenance $25 Grocery $350 CellPhone $100 (currently paying $130/mo, we can do better) Vitals - Non-Monthly AutoInsurance $115 AutoRegistration $5 (why i put this in its own category i don't know) HomeInsurance $40 Discretionary PersonalJ $100 (me personal crap) PersonalT $100 (wife personal crap) TV $60 Entertainment $100 Lunch $40 Total Income $3,500 Total Budgeted $3,500 Questions now involve what gets categorized where. Wife's MLM vitamins? She wants them in "health", I want them in "Personal", arguing about that. Baby food when needed, categorize in Grocery or Baby? Baseball game tonight, Personal or Entertainment? Also the biggest WTF is the old "Misc" category... I guess it just disappeared into a mix of other categories, but nowhere NEAR equals the old $669/month average. zaurg fucked around with this message at 08:30 on Aug 2, 2009 |
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Aug 2, 2009 08:20
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| # ¿ Apr 24, 2024 08:46 |
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KarmaCandy posted:Is your baby category so low because you haven't had the baby yet and you're just talking about miscellaneous items like maybe getting a stroller or some baby proofing items this month? I'm guessing you'll increase it once the baby is born? Also, you're just assuming you can do better health care wise? Even when you're adding another person to your account who really needs good health care? Are you actually basing that new number on something or is it just made up? Baby is so low because I have no clue how much it should be. We have *everything* for the baby already except a breast pump. Literally everything, even stocked up on 2 months worth of diapers and wipes. Stroller, carseat with two bases, crib, bassinet, bouncer, swing, playpen thing, pillows, toys, tons of clothes, soaps, thermometers, this list could go on for 2 pages. Love having a big local family, baby shower was a big score. I did get a quote from Humana for Health Care, but they gave me a quote with a hugeass deductible and I don't know how to compare this cryptic loving health insurance poo poo. I *think* the best way to compare plans is to *plan* on being healthy and see which one is the cheapest WHILE making sure you don't go bankrupt should something serious happen and you end up in the hospital, does that sound good? I applied for a financial aid type thing for the baby too so the $250 is just a hope but it may end up being around $320 for the whole family, at most, I think. Her vitamins, I agree, Personal. Still an arguement. Baseball game, I went with my father-in-law, so I think that should go into my Personal category.
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Aug 2, 2009 09:19
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