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Source: LinkedIn
Hi All,
Need suggestions here. Please help me out. I was interviewed with IBM and got selected. Waiting for offer letter. Meanwhile got selected in another company and got offer too. Put down my ppr. Offer from another company is way beyond than IBM almost 22% more in terms of fixed. Now I’m confused that once IBM releases their offer then should I ask them to match with my holding or not ? Will they consider for negotiations? What’s your thoughts? IBM
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Looks like your HOA is bending you over a table. Hope they provide that much value.
Jersey City, NJ
Chief
Are your investment gains realized or unrealized? I assume unrealized. In that case you are mixing balance sheet and income statement items. Your saving rate should be based on your actual income, not including unrealized gains. If those gains are realized, you are going to have a very large tax bill.
MD is like “pls fix”
Geez where do I get a $17,500 gift?
Parents gift for new born…put some it in 529
Rising Star
I do it similarly. Download the transactions from Mint for the entire year, clean them up and it’s ready in excel.
I used mint on an off and found it cumbersome. So I just basically download raw data from each credit card and bank and categorize it. I make it a point to do it every month. So the year end is just little more work.
I also use Excel because I like the ability to play with the numbers (ie if I were to move apartments, what is the range of rent I am comfortable with and what’s the overall impact)
Can you share a bit more detail on your investments and how your dividends/interest are so high?
The investment dividends / gains are on the full capital (401K, IRA, stocks etc.) this year the portfolio gained 28%
158k investment return, that impressive.
Yeah, but still. It sounds like op is in early or mid 30s, 700k investment on a 250k house hold income with 2 kids is impressive. I can't say I would be able to invest that much of income.
Appreciate that you're actually answering all these questions, lol
Pro
Personal Capital! Getting back into the habit.
Excel as well! Decked out and love it
Been using Quicken for years
For me transportation = car
I have home improvements and household supplies combined……it might be a good idea to split it out however this year did not have any major home improvement projects.
Personal care (minus clothing) is health and wellness for me. I also have medical expenses lumped in here. Which is typically low in other years
Internet, streaming etc is all under utilities which also includes cell phone bills, heat, electricity etc.
Minor trust fund?
Other than mortgage and HOA, your other expenses are incredibly unusually low, bordering unbelievable.
All of them are true expenses. We have a low maintenance lifestyle…so typically don’t eat out much or drink etc. Another caveat is that travel expenses are on the low end compared to avg due to COVID and a new born at home….so not been going anywhere.
Conversation Starter
426$ for eating out? Wow - that’s like 35$ a month lol
Eating out is 2023 and childcare is 426. You misread that. (Want to know how childcare is so cheap. I spend that in a week)
Rising Star
Are your taxes rolled into your HOA costs? Otherwise something seems off. Also $426 a year in childcare? Didn't you say you have two kids?
Property Taxes are rolled into mortgage costs. Childcare is low as spouse is not working. Education covers pre K expenses for older child.
Less than 500$ for groceries per month for a family of 4 ! Please tell us your secrets for such low grocery and childcare spend!
By not shopping at Whole Foods…lol. Mostly use non organic stuff except milk. I find the spend on groceries sufficient…..we are vegetarians. So perhaps a tad bit lower. Again….we don’t necessarily buy only sale items or not spend on what we like on food. I guess generally we don’t have expensive tastes…..
Childcare is low as spouse is not working. Education covers Pre K expenses for older child
You only spent $1,059 on clothes in an entire year? ….whaaaat??
Holy shit….. I can’t imagine spending more than 1to2k per year. I currently spend 1 to 2000 depending on the scenario, like having a baby and being a different weight every two months… But if I were to spend $10,000 on clothing I better be clearing out my entire closet getting a personal stylist to come go through it with me, buying exactly the clothes that look amazing on me and will last 5 to 10 years depending on the item… And then not buying clothes for the next six years….
Mint
Food for a family or just you?
Your groceries and eating out almost exactly match our families and we earn half what you do. Congrats on being so efficient.
Conversation Starter
What’s the 9K in health and wellness - seems pretty steep
Conversation Starter
Got it
Finary