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39 votes

Can I hedge my household expenses using the financial markets?

You don't consume enough of any one good to make hedging with futures economical. I'll present an alternate method - you hedge against risk in household expenses by setting a budget and sticking to it....
D Stanley's user avatar
  • 138k
14 votes

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

Unfortunately this all sounds very normal, both for retail in general and the mattress industry in particular. As to why the sales person doesn’t want to give you a discounted price over the phone and ...
Kendall Lister's user avatar
11 votes

Can I hedge my household expenses using the financial markets?

The largest personal cost you have is probably housing - and you can hedge the risk of real estate fluctuations without use of financial instruments. ie: you can buy your home. You might not consider ...
Grade 'Eh' Bacon's user avatar
10 votes

Can I hedge my household expenses using the financial markets?

In theory (but not practical in reality), you could hedge each of those expenses with various inflation swaps, futures, and other OTC products. Housing costs can be hedged by exposing to REITs ...
Jake Freeman's user avatar
8 votes

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 Somewhat rhetorical this many years later, but I expect some other kid forcefed the obsession with propping up the ...
Moschops's user avatar
  • 263
7 votes

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

Disclaimer: If I recall correctly. Dr Stanley removed the calculation of net worth in the book Stop Acting Rich. In the book, the Millionaire Next Door, the home was included in the net worth ...
Pete B.'s user avatar
  • 77.1k
7 votes

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

You can pay an awful lot for a mattress, but you might not have to. There are often very similar mattresses for much lower prices. Go to a different mattress store When you introduce yourself, try to ...
Philipp's user avatar
  • 24k
6 votes

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

Can you handle the truth that the mattress industry is a rip-off? In fact, a mattress that sells for $3000, you can hunt around and get it with $500 or even less(depends on bed size). The huge ...
mootmoot's user avatar
  • 4,193
4 votes

Can I hedge my household expenses using the financial markets?

If your costs are in US dollars, I-Bonds adjust yield and TIPS adjust principal periodically using the US government's CPI-U measure of consumer price inflation, including food and energy. Whether the ...
user662852's user avatar
  • 8,409
4 votes
Accepted

Handling federal and state tax witholdings as a household employee

I just started as a household employer in California. I'll try to answer your questions. Yes, your friend should expect a W2 in the new year. I believe they have to be mailed by January 31. ...
mkennedy's user avatar
  • 1,208
4 votes

How to save money on bathroom overheads?

You could invest into a bidet. A bidet is a shower which allows you to clean your nether-regions after using the toilet. When you use a bidet, you can use a lot less toilet paper. But you will of ...
Philipp's user avatar
  • 24k
3 votes
Accepted

How to save money on bathroom overheads?

I love the bidet idea. Other than that you've got an array of tissue quality options that can impact price significantly. You could try to go for the truckstop/restaurant quality giant rolls, might ...
Hart CO's user avatar
  • 70.6k
3 votes

How to save money on bathroom overheads?

If you are spending $3/week on toilet paper, the likely problem is not the wiping technique, but the folding technique. People who wad up a large amount of paper will use far more than someone who ...
NL - Apologize to Monica's user avatar
3 votes

UK: what do I need to declare?

I am assuming you file a self assessment at the end of a financial year. There is a foreign section in the form. When you need to fill in the foreign section:- were entitled to any foreign income, ...
DumbCoder's user avatar
  • 10.6k
3 votes
Accepted

Weekly upkeep fund for cars, quantification thereof

I agree that there must be an actuarial way of measuring these things. I would also argue that the number should be easy to find and work with. After all, if it takes 2 days working with a stats ...
Greig's user avatar
  • 589
3 votes

Can I hedge my household expenses using the financial markets?

Yep... you could buy in bulk. If you think the price of toothpaste will go up in the next week, bulk buy 50 tubes now. If they go up, you've won, if they stay the same, you haven't lost anything. ...
Cloud's user avatar
  • 3,655
2 votes

Can I hedge my household expenses using the financial markets?

There's no futures market for most retail consumer products to support individuals hedging. As others have mentioned, housing is one of the biggest expenses you have, so buying a home or having a long-...
Barmar's user avatar
  • 1,995
2 votes

Weekly upkeep fund for cars, quantification thereof

The majority of the car's effective cost are hidden - loss of value. If you buy a $40k car and use it for four years, its value is typically halved - $20k. Dividing $20k loss by 4 years of 52 weeks ...
Aganju's user avatar
  • 37.7k
1 vote

Can I retroactively hire a household worker?

I was able to file for an EIN today. I'm not a lawyer or financial advisor, but the answer appears to be "If an employer-employee relationship existed prior to obtaining an EIN, the employer can ...
John Vandivier's user avatar
1 vote

How to save money on bathroom overheads?

You could save money on the paper instead. For example, Costco Kirkland Signature paper is $26.99 for 36 rolls, or 75 cents per roll. It seems unlikely that you’re personally using four rolls per week,...
Mike Scott's user avatar
  • 23.5k
1 vote

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

If you pay the downpayment over time, is there interest charged? If so, does that outweigh the benefits? If you wait, and save up, how much will the price increase? Consider that housing markets ...
MikeP's user avatar
  • 257
1 vote

Weekly upkeep fund for cars, quantification thereof

There is no way to pick a number. It depends too much on the history of the cars, and how they were used, and how they are used. The best number is by experience. If they have owned them for a few ...
mhoran_psprep's user avatar
1 vote

Tax and financial implications of sharing my apartment with my partner

I am not a lawyer nor a tax accountant, so if such chimes in here I'll gladly defer. But my understanding is: If you're romantically involved and living together you're considered a "household" and ...
Jay's user avatar
  • 22.8k

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