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Archive for September, 2016

Update - NOT buying a new car (for now)

September 4th, 2016 at 06:30 am

When I posted my 2-year "big spending" goals, I had 5 items on the list. Now we're down to 3.

For the time being, we are not buying a new vehicle for DH. He has decided to keep his 17 year old golden chariot (KBB is $500) a little while longer. Yesterday he spent $141 (after rebates) on new tires. The car needed new tires, so that forced him to make a decision.

Given the low value of the vehicle, if it had a major breakdown we would not pay to repair it, we would just buy a new one. And if a fantastic deal became available on a vehicle we were really interested in came up, we would jump on it. So we still could end up buying in the next 2 years but the plan is to wait longer than that.

Still on the 2-year spending goals list: 1) Continue to maximize 401(k) and IRA contributions. 2) Replace some carpeted areas in the house with tile. 3) 25-year anniversary trip.

Hanjin Bankruptcy

September 2nd, 2016 at 06:48 pm

Well this was a news story that certainly got my attention.

http://www.usnews.com/news/business/articles/2016-09-02/hanj...

I'm sure this is causing headaches for manufacturers, retailers, and transportation-related companies. What will the ripple effects be throughout the holiday season and beyond?

Korean Airlines is part of the Hanjin conglomerate. I wonder if the airline will be affected? (Anyone holding Korean Airlines miles? Are you more likely to try to use them up quick?)