I meant they usually pull the balance on some random day, not your statement date, so it shows some small amount (though obviously you pay it off every month) which is somehow better than $0.
assuming your payments are all good you probably need more credit accounts, and old active accounts helps too.
Mine fluctuates between 825-840 depending on when they pull my balances, never reached the illusive 850.
Oh yeah, I rack up $2-3k every month on my main CC.
I hit 850 briefly a few months ago. Usually it’s mid-high 840s. We use our CC for nearly everything, which helps.
Weirdly, we just paid off our mortgage two weeks ago and my score just dipped 13 points.
Congrats!
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Your score will drop any time a line of credit is closed. It’s ridiculous but for this reason your score will drop when you pay off a car loan, home loan, student loan, etc.
i think they changed the formula recently because i seemed to also have just randomly gotten around 825 when i was always around 750.
Stumbled across a new show called “Buy My House” on Netflix. It’s basically Shark Tank for houses. Nothing mind-blowing, but it’s good to have on in the background while I’m eating lunch.
I have two gripes. First, unlike Shark Tank, they end the episode with a cliffhanger, so you have to watch the beginning of the next episode to see the outcome of that deal. And second, there are only six episodes, so it isn’t going to last me very long.
Netflix seems to make some decent reality show content, but there is a high signal-to-noise ratio, and much of it only gets one season. I wonder if they would be better off committing to more seasons of fewer shows.
I think the problem is they produce a large amount of shit with a few really great shows mixed in, but they don’t seem to know in advance which is which. I believe Stranger Things was initially supposed to be an anthology series with a completely different set of characters and plot each season, for example.
I get why it’s hard for scripted shows. But the whole point of reality shows is they are cheap to make. Netflix could easily churn out a hundred episodes of the “Buy My House” show if they wanted to. Or they could do something even less expensive like a knockoff of House Hunters. HGTV’s returns on that show must be insane.
They would with me. Part of the reason I don’t start up a lot of these Netflix original series’ is that they seem to be so short-lived.
Late to this little derail, but I’ve always heard that the reason for the frustrating way they treat their shows is that a good new show is great for bringing on new subs, but then there’s very little incentive to keep the shows around after that, especially once they get to the point where the actors can demand higher salaries etc. (I guess there’s not that much subscriber churn from shows getting cancelled). This is one spot where the traditional network model is better, because they can just start charging mega $$$ for ad spots knowing that there are a zillion people watching.
I wouldn’t mind if they were designed to be short lived. British shows do pretty good and their expected range is 6 - 30 episodes. The problem with the Netlix shows is they’re still set up and paced like a seven season series
Thought this chart was kind of interesting. I knew housing prices were high in some countries and the use of ARMs were really common outside the US after GFC, but I didn’t realize how large of a debt to disposable income ratio was happening in conjunction with ARMs. If rates go higher in these countries like Denmark, Norway, and Australia, it seems like a lot of people would be in some financial trouble. Additional note, kind of weird to see the US in the bottom left here, probably the most safe position.
https://twitter.com/LoganMohtashami/status/1616306011501129728
With a follow up.
https://twitter.com/LoganMohtashami/status/1616306132200587267
I’m finding out that my two financial goals of “saving aggressively for retirement” is mutually incompatible with “save for a down payment.”
I have a 401k through work that I contribute 6% to, which maxes out the employer match. I have a traditional IRA that I’ve rolled previous pre-tax retirement accounts into. It has about 30k in it now and I’m not actively contributing to it. I also started a Roth this year with $2k. My plan is to sock away whatever extra money I can through the Roth, while keeping my 401k chugging along at 6%, and roll it into the traditional IRA if I ever leave this job (not that I plan to anytime soon)
I have a rainy day fund that’s getting up to being 5-6 months living expenses, which feels like more than I need for emergencies (38, single, no kids). I want to buy a house someday, but I anticipate I’ll need to put down 20, 40k or maybe even more… (Playing with mortgage calculators is sooooooo depressing). Yet, with this dry powder I have 2 more months to contribute up to $4k more to the Roth for 2022.
Fwiw, my best friend, who I trust about financial matters, thinks fuck the IRA’s, I should throw every dollar that isn’t budgeted for into my down payment fund, and become a homeowner as soon as is reasonably possible. That 6% pretax through work is plenty to keep me on track for retirement, and I have plenty of time to catch up, especially with the tax advantages savings of being a homeowner.
Do y’all think I should max out my Roth this year? Save some less than the max? Or throw everything into the down payment fund?
There is no right answer but I would max the roth and rent.
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I think the Roth has to have been opened 5+ years ago
I opened mine this year.
Although with this RE market and rate environment, I might be 5+ years out anyway 
Yeah, this.
A 38 yo single guy doesn’t need much space and certainly doesn’t need to own it. And once you stop being a single guy, your bachelor pad will not be suitable for the future Mrs. Eckleburg. You’ll have to sell it. In RE, transaction costs are a killer.
Either you’re planning on staying single indefinitely, in which case there is no urgency, or you are going to get coupled, in which case you will probably have to sell. Either way, renting is the correct answer AINEC.
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