I think I might do that I’m going to look for some savings accounts with high aprs.

They were trying to buy something I guess and wanted to check?? Not sure, but I can’t believe I was that naive

The second chart on this page is interesting

https://www.longtermtrends.net/stocks-vs-bonds/

Shows how crazy the market is compared to so an early 40 year window - so ya, good chance we won't repeat this as much if it was due to deficit spending. It also shows how much worse bonds have performed.

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Avalanche is highest interest rate first

snowball is smallest balance first

Definitely. Horrible “friend”.

I’ve had my car hit twice when it was parked, one time totaled the second time 4.5k in damage, this was 4 years apart, I have geico and they haven’t raised my insurance or dropped anything

Thank you!

> When you say austerity expenses do you mean entertainment type items and non- necessary purchases?

Yeah, if you're on an austerity budget, you're only spending what you must, not what you may want to.

Nondiscretionary items would be things like insurances, mortgage, property taxes, probably half as much in groceries, student loan payments, car payment, etc.

Discretionary items are things like eating out, booze, travel, vacation, kid's activities, lunch at the office, some of your streaming services, etc

> Do you lump investment lines into that as well?

That's savings, which is not an expense

What are the rules for personal driving with the company car? Are you free to drive it anytime you want, or only for work travel? That will make a difference on whether or not it makes any sense to sell anything.

Assuming you're free to sell one of the cars, I'd look to sell the escape. I get that she would like AWD, but $650 is a pretty large payment to carry for somebody who only occasionally drives. Or, if you're committed to her having AWD, I'd sell both the cars, and turn around and buy something less expensive. That will help you in your goal to save some money for a future home purchase.

I think the idea is that the returns are so much better and for people who have enough, the well is deep enough to survive the down turns and on the long run, come out on top. Seems like it all depends on the ratios of expenses, wealth, and timing.

Appreciate the link. I’ll definitely crunch those numbers and put them together to see what comes out

This partly depends on the rules for the company car and how stable you are in the job. Can you also use it for personal reasons, or is it company business only? Do you anticipate staying in this job long term, or possibly getting a new job within the next year or two?

If it’s company business only, can you get by being a one car family (for personal use)? If not, question answered. Do you anticipate being in this job a while? If not, question answered.

As to which car to get rid of assuming it makes sense to get rid of one, that’s tough. My gut says keep the paid off one with only 50K miles (get snow tires), but you’re almost certainly underwater on your Escape, meaning you’ll have to come up with some cash to get rid of it.

So coming up with cash now or continuing monthly payments? Which is less worse for you?

When you say austerity expenses do you mean entertainment type items and non- necessary purchases? Do you lump investment lines into that as well?

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If i were to invest 25K into 4-Week Bill, how much will i get back based of recent auctions ?

The s&p 500 is older than 2000.

Interesting. My parents do that. Live off SS and leave the rest in the market so they can earn. They said bonds never did much for them and they have SS to cover the monthly expenses.

You better hope the $6K shows up as basis. Or the conversion you made in tax year 2023 is going to be taxable income.

>I want to save 9-12 months of living expenses. What falls under that?

Whatever you want, frankly.

You can have full expenses (aka 100% of your monthly spending) or 'austerity' expenses (aka 100% of your nondiscretionary spending) if you would cut out an luxuries in an emergency.

I wouldn't include savings line items since they are fully discretionary and not an expense.

My emergency fund is about 6 months of full expenses and 12-15 months of austerity expenses, for reference

AWD helps you "go." It does not help you with turning or braking, so I wouldn't let that be a deciding factor here. Winter tires on older car should work just fine:

https://www.consumerreports.org/cro/magazine/2015/09/do-you-really-need-awd-in-the-snow/index.htm

LOL. The key word in the book is simple, because the entire book could be re-written to what you said. I thought he recommended 2 funds though.

That's very interesting, because my students say the same thing. (I'm a design teacher, not a math teacher, but it still gets discussed) These online gurus are convincing thousands of teens that they're going to do this and teens are getting fed into a sales funnel of courses and books that will leave them broke. Your student doesn't understand margins, market saturation, first mover advantage, or any of the reasons why there is no more money left to be made in dropshipping.

Sell the new car and ride the less expensive option in terms of depreciation and insurance. Clearly your wife isn't driving much and holding on to a $30k plus car to drive 500 miles a month seems foolish. If you're worried about winter conditions get snow tires. I'd take good snow tires on a FWD over an AWD with all seasons every day of the week.