Cuz you're their customer. Because they like your money and would like some more. Commissions.
My major national bank calls me about once a year out of the closest branch. Are you interested in X. Do you have any other accounts you'd be interested in. Come speak with Y in person if you'd like to discuss your financial situation in more detail. I just mostly answer as politely as I can but commit to nothing over the phone.
These days I often see the official VDOT bulletin signs plastered with "the left lane is for passing not cruising," so unless cops start enforcing it more I don't know what else you are expecting
Yep that's our stupid squishy human brains that suck at putting off immediate gratification for delayed better gratification, which is why we need things like spreadsheets and budgets and apps to help us
Then it sounds like it should be doable, right? Before any of that wasteful spending, make sure you're saving enough to cover the lean months, and pay off that debt. What do you value more, a successful self-run business, or GrubHub?
Ok, how about listing your expenses? That averages out to about 40-55k annually, so even if you can use the high months to weather the low months, if your baseline expenses are too high then it's just not gonna be sustainable.
Conventional fixed rate 30-yr?
How much principal? How much Down payment?
Interest rate?
Closing costs?
The way to negotiate terms is shop around, get multiple quotes, and work the best two or three against each other
"How much could one banana cost" energy
Sure, if you really want to think of it as an investment - investments can even go down, even your house value in 30 years can be down. Like, say, if you buy somewhere that gets flooded 30 years later because of climate change.
And that's in addition to the interest you mention.
At the end of the day, selling your house after 30 years may or may not recoup all the cost you have paid through the mortgage. But you know what you've had over those 30 years? A roof over your head. Does that not seem like something valuable in itself, if the alternative is paying someone XXX amount for that same service?
Maybe so, but seems kind of irrelevant. No excuse for someone driving in the middle of the night to hit a stopped car even if it's in the middle of the road, let alone a police cruiser with its lights on.
When it comes to an extra car that is largely not necessary for your everyday life, I would say if you have to take out a loan for it, then it's not a good idea.
Went to an engineering school, so I have friends whose hobbies are cars. These days they're at the management level, making more than me, but still spend a lot of their weeknights and weekends in their garages covered in grease. They pick up cars with money they have saved up, find stuff cheap because they can do a lot of the work themselves, and then go and show off their work at car shows, probably feels better than stuff that they just bought and didn't have to do much work to.
I give ppl at least this much time, and I try not to linger too long on the horn when I do finally have to honk
Pretty much 9 times out of 10 they still give me the stinkeye like I'm at fault.
To be fair, someone rear-ended me in that tunnel during a slowdown...
it was right after my job interview for the job that I eventually moved from philly down here for.
I wouldn't put it like that. In my mind, the goal is more about hedging as best you can against the wide range of predictable to very unpredictable outcomes.
Life is not about guarantees, and if you want guarantees, you are going to pay a premium for it, so I suppose if that's what they value, then these products reflect that.
So minus Friends & Family discount, he would have hired you to build him a yurt for 30k. Then he would rent it out to you for 500/month. Let's say utilities included, guesstimate 100/month. Breakeven would be about 75 months. It would only be after that, that your friend would start seeing any profit.
Meanwhile, you are fronting 15k, so if you lived there rent-free, instead of paying the market rate of 500, you would break-even in about 30 months. If you agree to pay 300, so saving like 200 on rent, the breakeven would be the same 75 months
So I would say 300/month at 75 months is right around where it is fair to both sides. Then you'd want to handle the situations where you have to move out sooner, or if you want to keep staying there.
This is just the example numbers you used, if the numbers are wildly different you can recompute.
How would he be utilizing the land if you didn't yurt it all up?
Would there honestly be other competing tenants who would pay a fair market rate to live in the yurt? If so, what would be a fair market rate?
Does it also involve upgrading the land with utility hookups?
(I know you said it's a dome, but yurt sounds funnier)
I think there's a racist aspect as well, as immigrants from other countries where wearing masks are largely normalized might end up on the wrong side of this law just by being unaware that it's now a law.
Most car loans are set up based on the following criteria:
- Total amount financed (or principal)
- Interest rate
- Number of monthly payments
These criteria set your monthly minimum payment. Once they are set, the interest rate and the monthly payment are set for the duration of the loan.
Interest is charged on a monthly basis, based on the remaining principal. Assuming no late payments, the monthly payment should always cover the interest accrued, plus some principal. That is why, at the beginning of the loan, the largest percentage of your monthly payment is going to interest, but over time, it trends towards principal.
Assuming there are no prepayment penalties, paying extra on principal will reduce the principal for the next interest calculation, that is how it saved you interest. And it also means a larger percentage of your monthly payment goes towards principal, not interest.
Paying extra on the principal does not change the monthly payment. It either means you pay off the loan sooner, or they apply it to the next due date. So when you do make an extra payment, a lot of times you need to be very specific to tell them to apply it to the principal, not the next due date.
Yeah it is what it is, the numbers aren't in your favor and divorce is expensive. But as long as you two are civil enough to compromise here and there, which is sounds like the case in spite of the disagreements, it might still work out.
visual of Trump looming creepily over Hillary Clinton has entered the chat
Yes, cold calls are a thing. Yes, businesses that know your contact info using that contact info is a thing. No, businesses don't need some global or personal/individual particular reason to try to make more money from you.
Question for the more economy savvy people out there
personalfinance