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should I pay off my student loans in full before intrest kicks in?
  • I guess you must know more about law than Biden did 2 years ago when he publically talked about probably not having the authority: https://www.politico.com/news/2021/02/17/student-loan-forgiveness-biden-469677

    It's nowhere near that straightforward. And for a third time, if it was the intent of Congress, now would be the time for them to clarify that with direct legislation. But they are not.

  • should I pay off my student loans in full before intrest kicks in?
  • I think it's disingenuous to make it sound that simple.

    If Congress supported forgiveness, we wouldn't be having this discussion. Whether they had implicitly given that power to the executive with previous legislation is controversial, thus the SCOTUS case. But it's not like SCOTUS was the first to question it. Pelosi and even Biden had previously stated it was not an executive power.

    Again, it could be easily settled now by the legislature if they supported it, but they do not.

  • should I pay off my student loans in full before intrest kicks in?
  • Interesting you say SCOTUS legislating from the bench in this case. Deferment and forgiveness were both "legislated" from the White House. Seems the only party not legislating here is the legislature.

  • Personal Finance @lemmy.ml bytor9 @lemmy.ml
    High yield savings, money markets, CDs, or T bills?

    Where all my cash hoarders at and where do you park your savings?

    Also, how do you decide how much cash to hold vs invest?

    Personally I enrolled in Robinhood Gold for the 4.9% APY. It costs $5/month.

    9
    What is the makeup of your retirement accounts?
  • 25% US Large Cap

    25% US Mid

    25% US Small Cap

    25% International

    No bonds. Will reconsider at age 40.

    Tax strategy - Traditional is more focused in Large and Mid. Small and Intl (higher expected returns) go in Roth.

  • should I pay off my student loans in full before intrest kicks in?
  • I think you're okay either way but personally if I have an emergency fund and no higher interest debt, I'm paying that off for sure. Even if I lost a couple bucks, worth it for peace of mind.

    Would be different if the debt was a mortgage at 3%, which many people do have right now.

    Edit: One note for folks doing similar math, don't forget interest and yield on bonds are taxed as ordinary income (20~30% in the US).

  • I Tracked an NYC Subway Rider's Movements with an MTA ‘Feature’
  • It would be trivially easy to add privacy any number of ways if they didn't insist on tracking the users and logging that info.

    They could even track it and just not make it available by web. Or require 2FA. Not exactly a nation-state level attack being described here.

    People have just become accustomed to not caring about privacy and so that's what we get.

  • I Tracked an NYC Subway Rider's Movements with an MTA ‘Feature’
  • Every city had a fine system using cash/coins or cards you could fund at a kiosk by cash coin or card. Those cards were anonymous.

    Now everyone has to be fancy and link credit cards and phones to accounts for every activity of daily life.

  • Which credit cards do you use for maximum rewards?
  • If it's just a card you like anyway and it's easy then great, but to spend time figuring out 2% vs 1% and meeting all the requirements, that's a damn small amount compared to increasing your income potential, learning skills, or getting various other life choices right.

    I just think overall, personal finance folks spend too much time on these gimmicks vs maximizing their income or avoiding costs. Probably because it seems easy and you can do it from your couch.

    Also, I shouldn't have said income. It's more like 1 or 2% of your credit card spend, which is hopefully a much smaller number (say $800 on a $100k income with $40k CC spend)

  • What are your best tips to save money?
  • I feel the need to counter this comment and point out that while churning is a cool thing, it shouldn't be on anyone's list of ways to save or make money.

    For all the planning, opening and managing new accounts, fulfilling requirements, and then jumping through hoops to take advantage of those rewards, you really have to be committed and give up some sanity and freedom for a pretty marginal gain at the end of the day.

  • bank run on Gemini?

    Not sure how serious the post. Anyone know more?

    0
    How do you track your personal budget?
  • Controversial take - no budget. Split income into 3 or more buckets - savings, critical bills (rent, utilities, debt, etc), and discretionary. I manage as separate accounts.

    Spend discretionary freely and enjoy the peace or mind that your financial future is secured by the first 2 buckets. If you run low, rice and beans til next paycheck.

    No need to track coffee expenditures, you'll realize during rice and beans week that you can make it at home.

    Your mileage may vary.

  • How do you track your personal budget?
  • Controversial take - no budget. Split income into 3 or more buckets - savings, critical bills (rent, utilities, debt, etc), and discretionary. I manage as separate accounts.

    Spend discretionary freely and enjoy the peace or mind that your financial future is secured by the first 2 buckets. If you run low, rice and beans til next paycheck.

    For tracking expenses just look at your statements and pay attention to what you do with cash. No need to track coffee expenditures, you'll realize during rice and beans week that you can make it at home.

    Your mileage may vary. And yes this is kind of a budget too but much more simplistic than others have suggested.

  • are there any good options for my savings?
  • The high yield savings account is such a good option due to FDIC coverage + total liquidity AND SIMPLICITY since you need the money soon.

    I personally wouldn't (and don't) complicate it trying to squeeze an extra $100 per year in interest. Your time and peace of mind are worth more than that.

  • InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)BY
    bytor9 @lemmy.ml
    Posts 3
    Comments 22