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A mutual fund. Not truly cash but a cash alternative. Being that it's a mutual fund there's a bit of risk associated with it but I haven't lost a dollar yet.
Link to fund prospectus?
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A mutual fund. Not truly cash but a cash alternative. Being that it's a mutual fund there's a bit of risk associated with it but I haven't lost a dollar yet.
https://www.gsam.com/content/gsam/u...r/gs-short-term-conservative-income-fund.htmlLink to fund prospectus?
this sounds enticing but they are not secured yet so if they lose their money our money goes with themhttps://techcrunch.com/2018/12/13/robinhood-free-checking-and-savings-accounts/amp/
This belongs here as well.
https://techcrunch.com/2018/12/13/robinhood-free-checking-and-savings-accounts/amp/
This belongs here as well.
I believe they're **** insured so you're good up to $250Kthis sounds enticing but they are not secured yet so if they lose their money our money goes with them
Yea you're right. I was just going off the RobinHood site.. They're wildin for thatThe SIPC says there aren't.
I've pretty much made up my mind on what I'm going to but I'm curious as to what you guys think about this "dilemma"
I'm moving to a new apartment in January and it will be substantially more expensive than the one I live in now since I will no longer have roommates. Did some rebudgeting and I can 100% handle it now, but I did also consider completely paying off my car now by taking money out of savings to do so. I feel no pressure to pay it off, but I don't like carrying debt in general, and the extra "Free cash flow" would give me one less thing to worry about month by month. Its a five year loan but I'm paying more than the min and will done in less than three years. 5.22% interest if that matters.
What would you guys do?
There isnt one. I can handle it just fine at present, I'm already six months ahead on the payments. I really just dont like carrying debt. The incremental savings I'd capture by paying it off is like $300 last I check which is truly why I haven't bothered.if i were you calculate on how much interest are you paying. 5.22% x debt remaining (i think) if you think you can stomach that then just let it ride, if not, then pay it off. We did the same thing we bought a car over the weekend and our rate was 2% for 2 years with half down, we were gonna just pay it off, but rather pay it off in 3 months just incase. we were going to save 500+ if we finish the loan term 2 years.
Also see if theres a fee for early loan repayment, us is 75$ dollars if we pay it off before the loan is up.
For people who keep all their savings in an online bank how much cash do you keep in checking? I keep about two months of rent plus expenses at all times but my brother thinks thats too much. I am just fearful of something crazy happening then I have to pull cash out and not have enough for rent if I'm only keeping a month on hand.
Curious guys
I have good credit and 0% utilization across all of my credit cards
Can a credit card company lower my credit line if I don’t use the card a lot?
For example I have a chase sapphire with a 12k cl limit but I don’t use it much ( a few small purchases every few weeks)
Can a cc company lower my credit line because I don’t use the card much?
I've been debating just pulling money out of my savings and doing this. At my current rate I'd be done two years from nowPaid my car off the other day
Got it in April, put down half and financed the rest. Decided to save up and pay it off ASAP. Don’t want those **********ers making $$ off me
Paid it off before 50k miles too. Feels good
Then I had to drop 700 on brakes the same week![]()
I've been debating just pulling money out of my savings and doing this. At my current rate I'd be done two years from now
The yield on my savings is double the amount of interest on the loan at this point but I feel you. Every month I take the interest from my savings and throw it on top of whatever I payNothing to debate. Just do it. You'll build that savings up quickly again with no car payments and interest.
I've pretty much made up my mind on what I'm going to but I'm curious as to what you guys think about this "dilemma"
I'm moving to a new apartment in January and it will be substantially more expensive than the one I live in now since I will no longer have roommates. Did some rebudgeting and I can 100% handle it now, but I did also consider completely paying off my car now by taking money out of savings to do so. I feel no pressure to pay it off, but I don't like carrying debt in general, and the extra "Free cash flow" would give me one less thing to worry about month by month. Its a five year loan but I'm paying more than the min and will done in less than three years. 5.22% interest if that matters.
What would you guys do?
I've pretty much decided to wait and see how things look once I get my tax return and then go from there.We are not a business and it’s as important to mentally feel good as it is to make super perfect financial decisions.
I’m like you - I hate carrying debt. I also for a profession understand the nuances of finance and the great benefit leveraging debt can have. In my personal life if I can pay something off (eg a car, etc) I always do it.
The way I look at it is would I rather my life be about small positive steps or am I okay with going down 2 steps to go back up 4. I personally prefer a smooth stepping experience and having that debt not there more than makes up for any small advantage I gain down the road.
Paid my car off the other day
Got it in April, put down half and financed the rest. Decided to save up and pay it off ASAP. Don’t want those **********ers making $$ off me
Paid it off before 50k miles too. Feels good
Then I had to drop 700 on brakes the same week![]()
the only time i have money in my checking is when i have to pay off my credit card bills at the end of the month which i use to pay for my daily expensesFor people who keep all their savings in an online bank how much cash do you keep in checking? I keep about two months of rent plus expenses at all times but my brother thinks thats too much. I am just fearful of something crazy happening then I have to pull cash out and not have enough for rent if I'm only keeping a month on hand.
Pretty much do the same thing. Just trying to avoid any potential over draftthe only time i have money in my checking is when i have to pay off my credit card bills at the end of the month which i use to pay for my daily expenses