Questions tagged [household]

For questions pertaining to household like household expenses, planning/managing household expenses or referencing financial situation of a part or whole household/family

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4answers
454 views

How to save money on bathroom overheads?

This question got me thinking, I spend around $3 per week on toilet paper for the bathroom. If I could half that, I could save ((3*52) *60 years of life left) = $9,360 over the rest of the course of ...
0
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1answer
87 views

Pay the downpayment in 24 months or save money then pay the downpayment in 1 go?

I am planning to buy a house. In our region, you have the option to either pay the downpayment in a monthly basis if it is too much of an amount for you. That is the first option. 2nd option is to ...
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3answers
1k views

How can I win at haggling when buying a significant household item?

My mom's pain specialist M.D. diagnosed her with severe Low Back Pain and Arthralgia. He recommended buying a soft high-quality mattress. She lives in Toronto Canada. Last month at a Sleep Country ( "...
0
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3answers
293 views

Weekly upkeep fund for cars, quantification thereof

My colleague in the states has the typical suburban collection of three cars in their family household a fairly new used car (a few yrs old; no factory warranty left) 2x $5000 range used cars after ...
3
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1answer
165 views

Tax and financial implications of sharing my apartment with my partner

This is essentially the USA version of Currently sole owner of a property. My girlfriend is looking to move in with me and is offering to pay 'rent'. Am I at risk here?. The US doesn't seem to ...
3
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1answer
134 views

Handling federal and state tax witholdings as a household employee

A friend has recently started a job as a nanny in Ohio and received their first paycheck. The employer family also provided a spreadsheet that records the gross pay, various withholdings, and net pay. ...
3
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1answer
150 views

UK: what do I need to declare?

I have a question about declaration and tax in UK. I am British, a resident of UK, British passport, no duel citizenship. A) If I have a property (holiday home) abroad within EU which I do not rent ...
9
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2answers
2k views

how do you verify your household budget?

I have a monthly household budget where I track income and expenses broken down by category. It's just an Excel spreadsheet where I enter the amounts from all receipts into the appropriate category. ...
4
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2answers
1k views

How do I calculate my net worth according to the book “The Millionaire Next Door”?

I remember reading about PAWs, UAWs, and AAWs. I also remember that the formula for what your net worth should be on average (to be an AAW) is your income (without inheritance[s]) multiplied by one ...
1
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0answers
2k views

Gifting Money for a downpayment

I am about to buy a house with my girlfriend and her credit is not established enough to get a good rate. I have excellent credit therefor, I would like to just hold/mortgage the note myself to get ...
7
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1answer
13k views

How do you typically pay a deposit for a house?

I am in the final stages of buying a house. My solicitor has given me bank details and requested that I send the full amount owed for the house + solicitors fees - mortgage. This totals around 120,000 ...
14
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6answers
26k views

Is it okay to put household utilities in girlfriend's name if I own the home?

I just bought a house. My girlfriend is going to be living with me, but the house is in only my name. To split the expenses, we are planning on her paying all of the utilities. Is there any problem ...
6
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3answers
974 views

What to do if my aging father is sustaining a hobby that is losing several thousand dollars every month?

My grandfather owned a large and successful bookstore company. My father became was the manager of this company. Due to political reasons, my father was kicked out this family business. (He was pro-...
3
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2answers
212 views

Nanny taxes and payroll service

We are employing a nanny for our 6 month old. What service do you recommend for managing taxes and payroll? Is it possible to do on our own? If so, where do we start?
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3answers
223 views

Saving money on the electric bill: What are some worthwhile ways to reduce consumption & costs?

What are some worthwhile ways to reduce household electrical power consumption & costs? Here are some of the actions I've taken so far: AC - turned thermostat to uncomfortable level Electric ...
1
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3answers
488 views

How to find cheaper alternatives to a traditional home telephone line?

I cancelled my home phone line last year after many years with POTS (Plain-Old-Telephone-Service), and I replaced my home phone with a VoIP service provider which provides a variety of services ...
3
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3answers
2k views

What is a normal amount of money to spend per week on food/entertainment/clothing?

What is a normal amount to budget for: Weekly entertainment and going out. Weekly food budget. Monthly clothing allowance. I have no idea, as I only have my mother's reckless spending (she recently ...
1
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1answer
209 views

Is household disposable income a real or a nominal value?

I downloaded Quintiles/Deciles ordered by household disposable income (Turkey, Urban, Rural)) data from Turkish Statistics Institue. I have looked at the provided data, but it doesn't indicate if the ...
8
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2answers
495 views

Hiring a teenager as a household employee

What am I required to do if I hire a 14-year-old for household work? Any generic information is welcome, but I'm in New York State. Here are some things that come to mind: Do I need to have the ...
2
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2answers
213 views

Hedging against rising oil and gas prices for private households?

Inspired by this article Hedging Against Rising Heating Oil Prices using Heating Oil Futures, I wonder whether hedging against rising oil and gas prices makes sense for private households, too? If so, ...
6
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2answers
339 views

Effect of country default on house prices?

What effect would a sovereign default of a European country (i.e. Italy/Greece) have on house prices of the same country that goes in default? What does the previous literature says about similar ...
9
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5answers
912 views

Should I buy a house or am I making silly assumptions that I can afford it?

Having convinced myself that there is no point of paying someone's else mortgage I started looking at ways for buying my own place. I'm 26, non-UK resident. My salary is £50,000 and I don't have to ...
4
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1answer
2k views

How much should I tip movers?

Are there any rules of thumb for tipping movers who load truck on one day and deliver on the next day?
4
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5answers
3k views

Saving money on electricity: Is a refrigerator more efficient when empty, or full?

To save money on hydro (electricity), I'd like to make optimum use of my refrigerator. For this purpose, is less energy used when the fridge is full? Or when it is empty?
4
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4answers
312 views

How much to spend on housing if I don't have transportation expenses?

I was looking at some estimates for housing costs that said that rent should be 25% of your spendable income and total housing cost about 33%. Mine are much higher at 32% and 40% respectively. I was ...
10
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7answers
1k views

What should I do with my $10K windfall, given these options?

Let's say you get a $10k windfall. How do you determine what is the best thing to spend it on? We need a new roof. Our mortgage is moderately underwater but not in bad shape and we are content where ...
8
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5answers
212 views

How do I budget for heating & cooling?

I'm revisiting my budget and the amount I have slated for electricity was off by roughly 30 dollars or 50 percent. I live in an all electric apartment, no gas or fireplace. Here in Kansas we get cold ...
5
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1answer
103 views

Are you better off going with the BIG energy provider in town or a smaller competitor?

I live in Maryland and we have our energy delivered from BGE (Baltimore Gas & Electric). That means they manage and service the power lines and I have no choice in that matter. We do however, ...
10
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6answers
389 views

Are solar cell panels and wind mills worth the money?

Besides being more environmentally friendly is it worth the investment in solar cell panels and wind mills for home use? Is it possible to be "off the grid" completely?
3
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3answers
5k views

Are heating protection plans (furnace warranty) worth the money?

Is it worth the money to buy a heating protection plan to cover an existing or recently out of warranty furnace? My gas utility company which provides the hot water boiler keeps offering to cover the ...
7
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7answers
4k views

Is a fixed-price natural gas or electricity contract likely to save money?

Is a fixed-price natural gas or electricity contract likely to save money? These types of contracts are often marketed to homeowners to save $$ on their utility bills. When would such a contract ...
3
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3answers
497 views

What is my % return on investment for various home renovations upon resale of my house?

For instance, I've heard that there is a minimum 75% return-on-investment ("ROI") on bathroom and kitchen renovations - is that an accurate figure? What about the other rooms in my home? Are there ...
4
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5answers
277 views

How can I reduce my home's monthly electricity and water expenses?

Are there gadgets I can buy which can help me measure consumption and reduce use? What are some good habits I can get my family into starting to help reduce our costs?