Personal Finance What’s the smartest decision to make during/after college? |
- What’s the smartest decision to make during/after college?
- Job offer rescinded. Advice appreciated.
- If I had $10,000 to put down on a $13k car would a bank typically waste their time financing the remaining $3,000?
- Is fully paying for a car worse than paying car payments?
- I filed with a different tax company this year and am getting back twice as much. I'm paranoid I'm going to get an audit due to the amount I'm getting back.
- Finance class for low income family kids
- At what point should I consider a CPA? TurboTax costing $150 to file (multiple states). Can I do it cheaper elsewhere?
- Should I use my "Emergency fund" savings to save for other short-term goals (eg. Vacation, IRA, Cash Cushion) or open multiple savings account?
- $4500 in credit card debt with no job, income, or car. HELP!
- I have hard earned 5k on a savings account. Money for a rainy day, since that's all got but I have a steady job and "don't need" to touch that 5k. Where to invest it? As of now, BoA gives me $0,60 a month, I need to find where to go. Thanks!
- 22 and moving to a new city alone. Nervous of financial repercussions and not finding a job right away.
- Should I buy a house?
- I'm buying a car in California. Need tips.
- Am I being defauded by my lender?
- Need Help deciding what next before New baby arrives!
- Careers in personal finance?
- How should i approach College?
- Free Quicken Premier 2018 - 5 Yr Membership
- The value of my Post-9/11 GI Bill (TX)
- My mechanic seriously fucked up, how should I proceed?
- I'm a little confused how Vanguard Funds work with relation to an IRA.
- How can I improve my credit score?
- If my credit card bill went to collections, does that ruin my chance of getting the same credit card in the future?
| What’s the smartest decision to make during/after college? Posted: 04 Feb 2018 06:30 AM PST My girlfriend and I are making our way through college right now, constantly theorizing our future together. We are certain we'll have solid careers in the next 4-5 years. But it's pretty unclear what's the best course of action when we finally get jobs... Get a house before or after marriage? Travel as much as possible? Work hard for a decade, then travel? We have a couple ideas about which direction to head but would love to hear from people/couples who have been through this transition from college to the real world. Our end goal is to travel as much as possible but without breaking the bank. Edit: I'm majoring in International Business and Logistics. My gf is majoring in Mechanical Engineering. Both of our colleges require multiple internships. Also, I didn't ask for relationship advice, just looking for financial insight. [link] [comments]  |
| Job offer rescinded. Advice appreciated. Posted: 04 Feb 2018 05:46 PM PST Hello. I was due to begin working on a behavioral health unit for a hospital tomorrow. They contacted me Friday and informed me that, due to a misdemeanor DUI on my record, they could no longer continue the employment onboarding process. I communicated my DUI, my substance use disorder, and explained the role addiction has had in inspiring my pursuit of a career in mental health. I ensured this was addressed both in my application and in my interview. In accepting the rescinded offer, I turned down four separate opportunities for employment. I would appreciate any experience and advice that this community could offer. Thank you. [link] [comments]  |
| Posted: 04 Feb 2018 12:52 PM PST |
| Is fully paying for a car worse than paying car payments? Posted: 04 Feb 2018 02:21 PM PST I want to eventually buy a car, but when I tell people I want to pay for it in full, they laugh at me and call me stupid Of course they never explain why they just sit there and laugh.So I'll ask you guys, why are car payments better than buying the car flat out? [link] [comments]  |
| Posted: 04 Feb 2018 06:28 AM PST I'm filing as just an individual. In 2016 I made $99K and in $2017 I made $92K. Where I earn commission, my tax withholdings are higher because my income can't be predicted. Last year I wrote off my cell phone bill and mileage and ended up getting around $4000 or so back. This year I was expected to get about the same but my tax lady made some "recommendations" and bumped up my tax refund up to $8300. To be honest, I'm not exactly sure what she did. I asked her and she said she used the depreciation on my car from mileage and then side income where I lost money. What I don't want is to get this money and then 3 years from now have to pay it back because I'm completely ignorant of how things operate, that's why I'm using a professional or at least that's how I perceive it. Should I pull out? Is this normal? Edit: A lot of good responses here. A side note is I have 3 different "jobs". My primary one where I have to drive to events, businesses, and customer addresses. I basically drive my vehicle outside my own city all the time or if I drive to my office it's also located out of town. This one is 100% commission with a paycheck draw. My secondary one which is a podcast. And my 3rd one as a computer repair business I use for friends and family and some customers if I like them. I take a loss on the secondary incomes as I do them mostly as hobbies but I still do make some money on them. The podcast costs a lot and I don't have any real advertising. I didn't give my tax lady my tax ID on my podcast so I think she's filing it as something else. But I'm really ignorant about all this, that's why I'm relying on her to handle it. [link] [comments]  |
| Finance class for low income family kids Posted: 04 Feb 2018 01:11 PM PST Volunteering to spend an hour tomorrow to talk about finances and hopefully improve the lives of a few kids. I don't know how many (if any) will show, how old they will be or really anything about them except that they will be from low income households. I have a BA in Finance and am halfway through a MBA. I was first going to ask whoever showed if there was anything specific I could address or help them with. If I didn't get anything specific I was going to go over a delayed gratification mentality and how to budget. Any ideas from the /pf community? What would have been helpful to learn as a kid in regards to pf? [link] [comments]  |
| Posted: 04 Feb 2018 07:16 PM PST Pretty much everything is in the title. The main thing driving the TurboTax cost is that my partner and I earned income from 3 different states, and TurboTax charges you an additional fee per state. Is there any way to mitigate this, or is the $150 still cheaper than a CPA? [link] [comments]  |
| Posted: 04 Feb 2018 04:59 PM PST I have a savings account with "Marcus by Goldman Sachs" where I'm stashing all my savings each month and it's my Emergency Fund at the moment. I have 6 months of expenses there already so I'm good there! I was wondering if I should open more savings account for more short-term goals? (Ally, Simple, credit union comes to mind) Idk if it's high maintenance having multiple accounts at multiple banks, what do you guys think? The only reason I was thinking about multiple savings is because I don't wanna tap into my E-Fund or even open another acc. at the same location cuz, I'd wanna spend it then (LOOK THERE'S MONEY). Right now I have Schwab for checking and Marcus for saving. I should also mention I started using YNAB after seeing a lot of posts here about it. I liked Ally and Simple for short-term goals. Simple looked pretty great where I don't have to open multiple savings and yet use it like one (not worried about interest). How do you guys handle your savings? [link] [comments]  |
| $4500 in credit card debt with no job, income, or car. HELP! Posted: 04 Feb 2018 07:21 PM PST I feel like this is about to be the end for me. I have absolutely no idea what to do in this situation. I messed up bad because of an addiction but I finally got sober but now have this mess to deal with. I want to save my credit before it's too late. My score is still 715. But there is no public transit near me and I need to buy a car to get to a job, yet I have no money in the bank. It's actually at negative 90 bucks. I've got $3200 on the Wells Fargo college card and $1200 on the Chase Freedom card. (Still have $430 left in credit on that.) If I could just secure a job, I could at least make the minimum payments but I'm sure it would never be paid off unless I looked into no interest balance transfers. On top of all of this I have to go away for 30 days to complete rehab and that's gonna mean I miss a payment for the month. I've sunk myself into a deep hole and not sure what to do at this point. I just turned 27. Any advice? [link] [comments]  |
| Posted: 04 Feb 2018 05:57 PM PST |
| Posted: 04 Feb 2018 06:54 PM PST Hi Reddit. I'm 22, graduated college in December. I am born and raised in NYC and currently live here. While I love this city and it's home, I no longer wish to live here. Shit weather, it's dirty, and shit tax policies for very little investment back into the city. Long story short- I dont want to live here. I want to move by May (when my lease is up). My background: 1.) Business degree, currently work in marketing but they would need to quadruple my pay for me to stay in NYC so I know step 1 is to find a new job in my next state (either NC or FL). 2.) I have 4K in student loans at 5% 3.) I have 10k in savings 4.) No other debts That's pretty much it. I'll be moving without friends or family so I really would love guidance. What do I need to have done? And regarding finding a job, how can I do that without being there, without having connections or even a local address? I'm very nervous. Any advice appreciated. Job can't relocate me. By May I can hopefully save another 2k. [link] [comments]  |
| Posted: 04 Feb 2018 12:21 PM PST As a bit of background, I am a 25 year old man living in Arizona. I graduated from college with a B.S. in Molecular & Cellular Biology, and am currently working as a Site Superintendent/Asst. Project Manager for a home remodel contracting company. I will make somewhere between $30,000 and $35,000 in the next year depending on how much time off I take. I graduated with no outstanding debt. I have around $10,000 saved up, and am set to begin contributing to my 401k at the rate my employer matches in the next couple weeks. My monthly expenses are $400 for rent, around $200 for utilities, and I've been making an effort to stay at around $500 for eating out & fun. My parents want to help me purchase a house, by providing me with a $65,000 downpayment, which I will pay back interest free. My brother attends ASU so we're looking at houses & townhomes in Tempe. The price range of property we're looking at is between $250,000 and $300,000. In my mind this is the best option if looking at it as an investment, because even in a worst case scenario (recession, losing my job, etc.) I should be able to find roommates to cover my mortgage (~1400 a month) or even have a positive cashflow. I already have a guaranteed $500 a month in rent from my brother. It is a bit worrisome that the market seems to be at very high prices currently, and we could very well see a large correction in the next 2 to 5 years. Couple of things that make me uncertain about continuing. First off, I'm not working in my field of study, which makes my career prospects uncertain. I enjoy my job and plan to stay with the company for a year, but I'm not sure if I'll stay in this industry or end up moving in a different direction. Second, if I end up moving into a different field like finance (have contacts that could help me get a job) or computer science (started a programming bootcamp in my spare time) I could end up in a different state. Finally, I have a 15 year history of depression and generalized anxiety disorder. I've made great progress in the last 3 years, but know I still have a long way to in terms of being an emotionally stable, responsible adult. I'm worried that the stress and responsibility of home ownership may not be the best thing for someone in my position. Getting the opportunity for a large downpayment at my age is not something I'm taking for granted, and I'm fortunate to be surrounded by extremely supportive family and friends. I really need some outside opinions on whether or not I'm better off taking the opportunity, or maximizing my savings while I figure out my career path and mental health situation. Please let me know if you'd like additional information. Any help is much appreciated. Thanks guys! [link] [comments]  |
| I'm buying a car in California. Need tips. Posted: 04 Feb 2018 05:34 PM PST I'm living in L.A. now, which means that I unfortunately have to buy a car. I couldn't care less about what my car looks like and what model it is, as long as it takes me from point A to point B, and of course I want gas mileage, which means that I am buying... a Prius. Now, this is the first car I am buying, and there are so many options available that I don't even know where to go to buy it and how to finance my purchase. I will need a loan. I am getting a used car. I have excellent credit. Where should I go to get the best APR deals? How can I make sure I am buying a safe, well-maintained car? Is leasing a smart financial decision? And finally, how can I get the best deal for my insurance? EDIT: My budget is 20K, my credit score is 779 (Transunion). [link] [comments]  |
| Am I being defauded by my lender? Posted: 04 Feb 2018 08:12 PM PST It is my understanding, and is what I was told when I initially got my mortgage with a different company, that in order to remove my PMI I would need to have the home appraised to prove I have 20%+ equity in my home, and that I would need to have been in the home for 2 years. Just spoke with a representative from the company that currently owns our mortgage. They said the rules are 30% and 5 years. I quoted the The Homeowners Protection Act of 1998 (HPA or PMI Cancellation Act, or Act) and she said "Laws change all the time, these are the rules." I have a conventional loan, have never been late, am in good standing, etc. I have not had my home appraised but am confidant that it would come back showing I have approximately 28% equity.
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| Need Help deciding what next before New baby arrives! Posted: 04 Feb 2018 07:40 AM PST Hi everyone. My wife and I are expecting our second child in 4 months. Currently have a 4 year old. We're already strapped on funds, really strapped. We're trying to figure out what our best choices are right now for us. We have no saved income. My wife and I each make around $1400. take home. Our rent is $880. per month and our 4 year old's daycare is $174 per week. Phone bill $100. per month. Electricity $100. per month. Water and Trash disposal currently included in rent. My wife has really good Blue Cross Blue Shield insurance through her City government job (taken from every check). Car Insurance is $200 every month on our small Honda. Gasoline for the month around $180. (About 6 tanks) The situation: My wife and I can't afford to put our newborn in daycare, nor want to. I would in a heartbeat leave my job to stay home once the child is born, but if I do so right now, we won't be able to make our bills. I am a graphic designer and currently employed through a local business and would love to start my own business, but don't have anything. I don't have the computer, the clients or startup funds. Nothing. What are your thoughts on what we should do? Our thought was to have me get rid of my day job, figure out a way to move into low income housing and work from home in the daytime and get an evening job that takes place after my wife gets home. There in lies many challenges though, income for first, last and security in the low income areas and the money for paying bills that we don't have if I quit my day job. With all sincerity, I thank you all for your responses in advance. [link] [comments]  |
| Posted: 04 Feb 2018 01:47 PM PST I have googled this question but it mostly gives me "financial planner" in various forms. I'm majoring in economics, but I would like to add finance to that when I return full time (I'm currently on leave of absence). I've been thinking about my interests. I get a thrill out of reading about personal finance and showing my SO ways he can save money. I also love learning about how economies work and the psychological side of financial/economic decisions. I don't enjoy formulas and numbers as much. So I'm wondering if anyone has input on careers that might embody my interest. Are there any other skills I could be looking at adding in the interest of being employable? Edit: I do also have four years of management experience from when I managed a day spa, but while that is something I think I am good at (as well as customer relations and marketing), I don't think I could handle doing it full time. [link] [comments]  |
| How should i approach College? Posted: 04 Feb 2018 04:03 PM PST It's already been roughly years after i graduated high school and one of my regrets was immediately not going to college. But at the same time i don't think i was really emotionally sound enough to really go to college and now that I've had ample time to get my mind right does anyone have any tips or suggestions for getting into college? [link] [comments]  |
| Free Quicken Premier 2018 - 5 Yr Membership Posted: 04 Feb 2018 05:36 AM PST DEAD. Usually costs about $70 per year. Requires credit card info but you can use virtual cc. Dont forget to turn off auto renew. [link] [comments]  |
| The value of my Post-9/11 GI Bill (TX) Posted: 04 Feb 2018 02:00 PM PST I've never been good at formatting so heads up. This semester I got a nice surprise that I had 16 days left on my GI Bill - at least one day is needed to certify the semester. This made me happy so I got curious what it was worth and how much I had saved in student loans. This is napkin math just to get an idea but it surprised me.
Thats 11 semesters of college estimated at $49,200 in tuition and fees alone, add on some change and $50,000. We also get a monthly housing allowance and per-semester book stipend. Housing changes depending on the area but is usually $1200-1400 per month, prorated. 11 semesters at ~4 months each is 44 months.
This comes out at $60,500 for living allowance and books. Even guesstimating and rounding out the numbers, the GI Bill put saved me a total of at least $110,000. I'd wager that given a rough interest rate of 6-8% for unsubsiduzed student loans, it'd take me at least 10-15 years to pay off a total of ~$150,000 I've run into people that burn their GI Bill for living money at a community college or just flat out don't use it or pass it on to family members (if thats still possible). Vets, you earned your college money so take advantage of it. Anyone that knows a veteran not in college or a trade school, don't let them squander or throw this away. The eBenefits website is basically defunct so if you're curious where you stand this new website, vets.gov is much better and easy to find benefit information. [link] [comments]  |
| My mechanic seriously fucked up, how should I proceed? Posted: 04 Feb 2018 01:10 PM PST I had a reputable mechanic that I found online install new suspension and roll my fenders on my Honda s2000. After he installed everything and put my wheels back on, assuring that it was ready to drive, I took it for a cruise around my block with my little brother. As I was driving on a small street, after about 5 minutes, the front left wheel literally fell off and I came to a screeching halt. My rotor was on the ground. Front left fender destroyed. The wheel now has 5 massive holes on the inside from the mounting bolts. I was driving below 20mph. He is aware of what happened. It's clear that the wheel was not torqued down properly at all. But it's scary to think that if I had gone on the freeway or a bigger street, my brother and I would have been completely fucked. We're lucky that this was not the case, as is the mechanic. Luckily, I haven't paid the guy in full. I've only given him 100 dollars of the 450 he was charging. The reason why I'm posting in this subreddit is because I'm wondering how I should proceed, financially. Should I open up an insurance claim? Or first see of he's willing to cover the costs? And should I still pay him in full for his services after what happened? I've never had to deal with circumstances like these so I'd greatly appreciate some advice. Thank you! [link] [comments]  |
| I'm a little confused how Vanguard Funds work with relation to an IRA. Posted: 04 Feb 2018 04:55 PM PST This is probably the noobest question of them all but... I have a Roth IRA with Vanguard which is a Target Year Retirement Fund. I've been maxing that out each year and I'm starting to look at other places to invest money for my future. I notice that Vanguard offers a BUNCH of various funds, including the Target Year Retirement fund that my Roth IRA is using. My question is, can I invest in these funds without it being a Roth IRA? If so, how does the Roth IRA work differently? For instance, I have a Target Year 2050 for my IRA. Can I also invest in a Target Year 2050 outside of my IRA? [link] [comments]  |
| How can I improve my credit score? Posted: 04 Feb 2018 08:20 PM PST I have a credit score stuck at 550 points. How can I improve or increase my credit score if I only have one credit card with a credit line of $1000 and currently a balance of $850? Seems like a never ending work It's been almost a year since I paid off my car and I thought he was going to be a big help for my score But seems like it didn't do anything to it. Its the first time I'm checking my credit score because I was thinking about getting another car, so I went on Credit Karma and uncovered the ugly truth. Seems like credit karma it suggest me to get new credit cards or loans... wut? Is that really my way to get a better score? [link] [comments]  |
| Posted: 04 Feb 2018 01:16 PM PST I got a Visa from Coast Capital and I loved it because it had points towards travel. I stopped paying my bill and they sent it to collections last summer. My question is, if I pay collections and rebuild my credit do I have a chance of getting that same card, or will they not give me the same one due to my history with them? [link] [comments]  |
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