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Old 05-26-2011, 12:02 PM   #21
Dryer sheet aficionado
Join Date: Dec 2007
Posts: 28

Welcome from SF and a member of the family. I recommend using mint for the budgeting. once you set it up it's pretty much no work other than making sure things end up in the correct budgets. If you use CC's or Debit Cards for most transactions it's painless. Cash is a bit more of a pain in the a$$. Using CC or DC should allow you track things painlessly.

I'd stick with paying off the student loans but leave the mortgage alone mainly for the tax write-off and allow you put savings in the taxable accounts. When it gets closer to ER you can look into paying off the rest of the mortgage if you want.


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Old 05-28-2011, 06:48 AM   #22
Thinks s/he gets paid by the post
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Join Date: Sep 2010
Location: midwestern city
Posts: 4,062

Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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Old 05-28-2011, 06:27 PM   #23
Dryer sheet wannabe
Join Date: May 2011
Location: San Francisco
Posts: 17
Thanks, everyone!

Meadbh - We don't have any joint property or DP agreement, so a joint taxable investment account would be our only joint property. The BF was the primary income-earner while I was in professional school (graduated last year), so he bought the house with his own money. Dealing with the gift tax consequences of re-titling the house would be a mess, so we figured we'll wait for the day that marriage is finally legal for us (hopefully soon!). Now that I'm working, I make a higher base salary than he does, but a substantial chunk of his total compensation is in the form of an annual bonus. We try to treat the bonus as a windfall rather than counting on it for our day-to-day planning.

Webzter - I agree! I grew up with very little, so I am extremely uncomfortable spending lavishly, which led to some chafing in the past. He probably spends about $500 a month on "fun" meals, which isn't too bad in the grand scheme of things. Nowadays, he's gotten better at exploring places with other foodie friends, so I tend to skip out on the more expensive meals. It gives him more freedom to try new foods and cuts down on costs (since I am not joining in), so we are both happier.

BrianInSF - Thanks for the suggestion. I just started using and it has been wonderful! The student loans are high on my priority list, and $3K a month should get rid of them within a year. However, our mortgage is a 5/1 ARM, so I'd like us to pay down enough of the principal to re-fi into a 15 year fixed within a few years (right now, the principal is too high for us to be comfortable with the monthly payments on a 15-year mortgage). Also, since the mortgage is in the BF's name and the loans are in my name, I thought it'd only be fair to have him put his extra money into his obligations rather than mine. Once the loans are paid off, I'll probably put that extra $3K/month into a taxable investment account so we can earn a higher return than we can from prepaying more into the mortgage.
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Old 05-30-2011, 03:12 PM   #24
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Join Date: May 2011
Posts: 79
Originally Posted by Rich_in_Tampa View Post
Welcome to the board. I found the books by Solin to be particularly useful.
Not to hijack the thread but tell me more about the book. Useful in what way?

Norcaldreamer, WELCOME!!! 20's.... Sheez.... I've got underwear that old!

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