Just had to chuckle because my wife and I are doing something that the average person should never do (assuming they’re fortunate enough to even consider it like we are):

We have like 90K in credit card debt.

…

At 0% for the next 18 months. Went ahead and financed extensive renovations on CCs with 15-18 months at 0% intro offers. One of them is earning 1% cash back as well. Considering we only got charged 3% extra to bill to CCs and we can park the payoff funds in SPAXX earning nearly 5%, it’s a pretty sweet deal to keep liquidity!

[–] [email protected] 2 points 1 year ago (1 children)

Are these renovations fun or just necessary? We’ve had to do quite a bit with our century home, unfortunately most have been the not fun kind.

[–] [email protected] 2 points 1 year ago (1 children)

These most recent ones are for fun. One of those classic HGTV-style renovations. Knocking out walls, putting in a beam, redoing the kitchen and fireplace. We’ve probably put about another $60K in necessary repairs and appliance replacements in the 5 years we’ve owned it.

Still though, even if these renovations added zero value we would still be ahead in home value since we bought it.

[–] [email protected] 2 points 1 year ago

Got it, that’s fun then at least! Do planned renovations figure into your larger RE strategy at all?

We’ve done $225k(ish) in renovations over the last four years and there are still two largish projects on our wish list. I want to wrap up the (known) big stuff before RE.

[–] Sniffy 2 points 1 year ago (2 children)

Have you guys sold your I-bonds? I had it less than 5 years but thinking about moving it to HYSA.

[–] [email protected] 3 points 1 year ago

We haven’t, but we’ve also been accumulating them since at least a few years before the inflation spike. It’s not a big enough chunk of my portfolio that I’m worried about hyper optimizing. If the spread with other options widens I’ll probably change my tune.

[–] sugar_in_your_tea 2 points 1 year ago

I'm planning on it so I can keep my "cash" together. I hold t-bills in my brokerage account, and I only bought ibonds to take advantage of the higher interest rates. I've only had mine for 1-2 years, so it's not a huge win, but it makes me feel like I'm willing enough to keep my from playing with the market.