Re:Ask HN: What kind of personal financial investment do you...
by carucez on Wednesday February 09, 2011 @05:19PM
(#2199614)
It boils down to the relationship you have with your money.
For me, bigger bankroll = higher score.
For my wife, a bigger bankroll = more shopping.
The trick is to break your money up into several purpose-driven accounts and automate that.
2 Roth IRAs: maxed out (Vanguard S&P500 Index. 1 more year and it'll be 70/30 split with bonds).
1 brokerage: for fun, for research, for programming. Unfunded, no continuing additions. Go big or go home.
3 checking accounts: mine, wife's, joint - the paychecks
2 MMAs: mine, wife's - excess money must go somewhere. One of which is sub-divided into: health, gifts, emergency.
2 savings accounts: tiny siphons ($300/mo) that corrupt my sense of reality. It's money-out that looks like normal transactions.
Hacks: By having a high-deducible health insurance plan, I'm able to put 3k/yr that would have been my insurance premium into a health-related emergency fund. As long as I don't get injured in an at-fault car accident twice in one year, I'm saving tons of money
2 Roth IRAs: maxed out (Vanguard S&P500 Index. 1 more year and it'll be 70/30 split with bonds).
1 brokerage: for fun, for research, for programming. Unfunded, no continuing additions. Go big or go home.
3 checking accounts: mine, wife's, joint - the paychecks
2 MMAs: mine, wife's - excess money must go somewhere. One of which is sub-divided into: health, gifts, emergency.
2 savings accounts: tiny siphons ($300/mo) that corrupt my sense of reality. It's money-out that looks like normal transactions.
Hacks: By having a high-deducible health insurance plan, I'm able to put 3k/yr that would have been my insurance premium into a health-related emergency fund. As long as I don't get injured in an at-fault car accident twice in one year, I'm saving tons of money
Edit: formatting.