Personal Finance 30-Day Challenge #3: Prepare your tax return accurately and file early (March, 2018) |
- 30-Day Challenge #3: Prepare your tax return accurately and file early (March, 2018)
- Tax Thursday Thread for the week of March 01, 2018
- My wife just found out her federal student loans, that she thought was being deferred, have just been handed over to a collections agency
- My wife (the breadwinner) lost her job. I have questions. ..
- WSJ: Wells Fargo’s Wealth Management Unit Attracts Justice Department Attention
- Only $200 to last me a while, not sure how to make the most of it.
- Drowning in over 70K+ medical debt but too able for disability.
- Student Loans gone in less than 2 years
- I've got 20k in my 401k. 500 in my bank account an i'm behind on bills. Need help with a decision.
- My mom left me a house, but it got foreclosed
- Has anyone ever been “stuck” in a job?
- $30k in student loans and wondering if it would be worth it to continue for another degree.
- Negotiated Contract Increase
- My husband died and the car loan is in his name, will it affect my credit if I let them take it?
- First car
- Just got back a crazy hospital bill of $40,000 for one night. Don't have insurance. Any tips?
- Part of the Best Buy mass layoff, which option is best?
- Has anyone with young children run regular credit checks on them to protect against identity theft?
- 25yo want to set aside 10% ($315) of my salary each month and invest it in something long term, what would you recommend?
- Should I invest $100k or pay principal on $235k mortgage?
- 23 yo expecting a baby in 8 months with nothing saved away and lots of big ticket items ahead. Need any advice you can give.
- How to invest $10k for the mid-30s novice investor?
- Pay off car or continue to save for a better down payment for a house?
- Thinking about buying a mobile home to live in the Bay Area. Any reason why I shouldn't?
- Ex Wife cannot pay for car that is in both our names
- Paying off student loans with inheritance
| 30-Day Challenge #3: Prepare your tax return accurately and file early (March, 2018) Posted: 01 Mar 2018 05:09 AM PST 30-day challengesWe are pleased to continue our 30-day challenge series. Past challenges can be found here. This month's 30-day challenge is to Prepare your Tax Return Accurately, and File Early. You've successfully completed this challenge once you've filed your US federal income tax return by March 31st. Recommended Steps: Plan
Prepare and file your Tax ReturnUsing one of the following methods
By starting early, it allows you more time to deal with unanticipated questions about your tax return. "Wait, can I claim my girlfriend as a dependent"? "Do I have to report income from renting out the spare room in my house to a friend?". When these come up, feel free to create a new post asking for help with as much details as you can provide. [link] [comments]  |
| Tax Thursday Thread for the week of March 01, 2018 Posted: 01 Mar 2018 05:09 AM PST Please read the PF tax wiki page to see if your question is answered there before posting.This weekly cross-sub thread will be posted through mid-April to give subscribers a chance to ask basic tax-related questions in a consolidated thread. We are also very lucky to have some folks from /r/accounting and /r/tax joining us here to help out. Since taxes can be a very complex topic, the main goal is to point people in the right direction, provide helpful information, and answer questions. (Please note that there is no protection under §7525 or attorney-client relationship when discussing matters in posts on a message board. Consult a reputable tax advisor in person if your situation demands it.) Make a top-level comment if you want to ask a tax-related question! If your question isn't answered here within a day or two, please start a new discussion. For all of the Tax Thursday threads from this year, check out the Weekly Archive. [link] [comments]  |
| Posted: 01 Mar 2018 04:12 AM PST My wife, over a year ago, thought she submitted three paystubs to qualify for deferment for a year. We currently work overseas, and never received an email or phone call about her loans that she hadn't ever actually done that. Incredibly stupid of us not to double check that everything was OK, but here we are. The first message we received (sent to her mother, which we have listed as our physical address in the US) was that her loans had been sent to a collections agency. Her loans are about 22k. Is there anything that we can do to properly get her loans deferred, or is it too late at this point and we just have to deal with a collections agency? [link] [comments]  |
| My wife (the breadwinner) lost her job. I have questions. .. Posted: 01 Mar 2018 07:21 AM PST We relocated three years ago for my wife's dream job making 85k. I had recently lost my job of 80k. Two kids school age, we purchased a house 10 months ago. [link] [comments]  |
| WSJ: Wells Fargo’s Wealth Management Unit Attracts Justice Department Attention Posted: 01 Mar 2018 06:19 PM PST Behind a paywall, so here is a copy and paste: "By Emily Glazer Updated March 1, 2018 6:26 p.m. ET 62 COMMENTS Wells Fargo WFC -1.88% & Co.'s problems are expanding to its wealth-management business. The Justice Department in late 2017 told the bank to conduct an independent investigation of its wealth-management business after whistleblowers from the bank alleged sales problems to the agency, people familiar with the matter said. Wells Fargo on Thursday disclosed the board's investigation in a securities filing, saying it was "in response to inquiries from federal government agencies." The bank said the board's review is assessing "whether there have been inappropriate referrals or recommendations, including with respect to rollovers for 401(k) plan participants, certain alternative investments, or referrals of brokerage customers to the company's investment and fiduciary services business." The bank tapped law firm Shearman & Sterling to conduct the investigation, the people said. The claims include business conducted at Wells Fargo's brokerage division, which is known as Wells Fargo Advisors . WFC -1.88% Wells Fargo's former head of that division, Mary Mack, was named in July 2016 to clean up its retail-banking business. More recently, she was promoted to also lead its consumer-lending unit. Chief Executive Timothy Sloan reiterated in a release that the bank is "committed to a thorough review of many processes" and "when we discover a problem, we are moving to find the root cause and fix it." A spokeswoman for the Justice Department said it doesn't "confirm, deny or otherwise comment on the existence of an investigation." Shares of Wells Fargo slid 1.9% to $57.31 Thursday. It is unclear exactly what Shearman & Sterling has found so far in its investigation, which the bank disclosed is in the "preliminary stages," according to the filing. Shearman & Sterling has represented the bank's board since Wells Fargo disclosed widespread sales-practice problems in September 2016. It also spearheaded a 113-page report on the bank's sales- practices issues. The April 2017 report was a long-anticipated deep dive into the questionable sales conduct affecting as many as 3.5 million accounts that dated to 2002 and ultimately resulted in a $185 million regulatory penalty in September 2016. The bank has faced continued problems since then. Most recently, the Federal Reserve announced an unprecedented enforcement action capping the bank's assets. The Fed also said the bank would be replacing four members of its boards in 2018. The bank has said it is confident it will satisfy the requirements of the Fed action. On Thursday, Wells Fargo also said its longest-serving directors— John S. Chen, Lloyd H. Dean, and Enrique Hernandez Jr.—along with director Federico Peña will retire at the bank's annual shareholder meeting on April 24. Mr. Dean chairs the board's human-resources committee and Mr. Hernandez for years chaired the risk committee. In a tense exchange with Sen. Elizabeth Warren (D., Mass.) during an appearance before the Senate Banking Committee on Thursday, Fed Chairman Jerome Powell agreed to consider putting Wells Fargo's plans before the Fed board for a vote, rather than leaving the decision to a lower-ranking agency official. Mr. Powell added that Wells Fargo may have the growth restriction lifted before it finishes implementing the plans. "We will not lightly lift it," he said. But "If we see them on track, the growth restrictions could be addressed." Last year, Wells Fargo said it also improperly charged around 800,000 auto-loan customers and up to 110,000 mortgage customers. The bank has said it is in the process of refunding those customers more than $100 million. Wells Fargo also disclosed in the Thursday filing that it is reviewing fee calculations within certain fiduciary and custody accounts. The bank has found instances of incorrect fees applied to certain assets and accounts that resulted in overcharging customers, according to the filing. "Systems, operations and account-level reviews are under way to determine the extent of any assets and accounts affected, and root cause analyses are being performed with the assistance of third parties," the bank said, adding that the review is in the preliminary stages and initially focused on assets that aren't publicly traded. Wells Fargo also said it is reviewing policies, practices and procedures in its foreign-exchange business. It also is responding to inquiries from government agencies "in connection with their reviews of certain aspects of our FX business." The Wall Street Journal reported in late 2017 that the bank had fired four FX bankers, and federal prosecutors opened an investigation of the FX operation. Mr. Sloan, in a Thursday press release, acknowledged that the new problems "may seem discouraging" but told employees to "remember that we are making significant progress in our work to build a better Wells Fargo, and we recognize that more challenges and more hard work lie ahead." —Lalita Clozel contributed to this article." [link] [comments]  |
| Only $200 to last me a while, not sure how to make the most of it. Posted: 01 Mar 2018 07:45 AM PST A lil background info, I'm 21 years old, I have no savings and up until a few weeks ago I was working a retail job. I was living in an apartment with about 4-5 other people and due to a lease violation we were evicted. I was lucky enough that my friend's family took me in and has been letting me crash on their couch, but since they live so far away from town I had to quit my job because there was no way to get back and forth. There's only one gas station in this town and they're not hiring so Im stuck being unemployed until I can get my drivers license and move back to city with my boyfriend. But until then I only $200 to last me. Luckily, my friend's family doesn't expect me to pay them. They only ask that I get my own food and clean up after myself. The online part of my drivers license has been paid for. And the only actual bill I have is my cellphone which is $50 a month. I cant seem to wrap my head around how to get the most out of the money I have left and budgeting it properly. I would greatly appreciate anyone with some helpful advice on my financial situation here because I just feel so hopeless! [link] [comments]  |
| Drowning in over 70K+ medical debt but too able for disability. Posted: 01 Mar 2018 02:48 AM PST Keeping things short, I'm a 25 year old with no college degree and I have lived in Ohio most my life. Also I have a rare genetic disorder that makes forces my body to break down muscle tissue in a process known as rhabdomyolysis, this can escalate to something as serious as kidney failure if I don't go to the ER and/or get admitted for a few days. To make it overly simple, instead of burning fat I burn muscle. I take medication to help stop this process but it there are moments where it's not enough, if I am sick and can't eat food this can cause my condition to flare up. Despite how bad this might sound I live a mostly normal life and that's a part of the problem. Though my ER visits have been on the decline with better medication and pacing, they can still range from 1-5 a year and my hospital admissions can range from 1-3, days spent in hospital can be 3-8 days. So you can see where things pile up. Because of this constant build up I've been neglecting many of my hospital bills the past year, some I pay in collections and others from hospital, but I can't pay them all and I suffer from both depression and anxiety which does not help my current situation. I know can't ignore these bills but it all seems hopeless for me. I make less than 20K a year, but enough that Medicaid dropped my short coverage 7 month(yes month) coverage after I got a raise. As for insurance, The Affordable Care act is only affordable if you're not in a situation like mine, premiums are financially crushing for the type of coverage I would need to make it even worth it, but this is an option if I can find a much better source of income down the line. I only own a car and a PC, aside from that I live with my father and don't have any estate past that. Would it be wise to file for medical bankruptcy and rebuild my life or are there programs that can help me that won't cost me another fortune? I know I can negotiate with hospitals sometimes but what path is best to take? I just don't want to go on disability, I want to work towards living on my gaining independence and that will take it away. I have bills to pay no matter what job I got. No matter how well this post works I'm going to be speaking with my local hospital again soon since that's where most of my debt is, but if anyone out there has advice for this situation I would really appreciate it. TL;DR I'm in a lot of medical debt and I need to know if I should just file bankruptcy while I'm young, negotiate/find a program with hospital, or go down a different path I don't know about.(Hence why I'm asking the internet) Not looking for sympathy in this post, I just need advice on how to deal with this, don't spare details! I'd really prefer if I didn't receive private messages, thanks! :) [link] [comments]  |
| Student Loans gone in less than 2 years Posted: 01 Mar 2018 09:20 AM PST Graduated with slightly less than $30k in loans. Got my first big boy job at a Big 4 firm in NYC. I decided to live at home and slug out the 1.5 hour commute each way. I was waking up at 4 am to go to the gym and finishing my days at 11-12 pm at night. Luckily I pushed my way into some projects that had better travel and continued to live at home and save everything I can. Now I made my final payment that will clear Monday and finish my student loans. [link] [comments]  |
| I've got 20k in my 401k. 500 in my bank account an i'm behind on bills. Need help with a decision. Posted: 01 Mar 2018 06:10 AM PST I'm behind on bills and i'm thinking about pulling 3k out of my 401k to pull me ahead for bills. This will be a one time thing and I'm confident i will be able to make the money back quickly after i get ahead on bills. My bills need to be paid asap and with 3k pulled out of my 401k, will put be back in the green for bills and ill be able to keep afloat from then on. I'm aware that it isnt exactly the best move to do, but my depression had been getting the best of me and this is a huge part of why it's getting worse. I need to get these bills paid and 3k should do it. I'm 27 and have a good job, but i was out for a while and im behind on a few bills by a couple months that need to be paid asap or things will get worse for me. How could I do this? [link] [comments]  |
| My mom left me a house, but it got foreclosed Posted: 01 Mar 2018 05:01 AM PST Hey PF, kind of a long story but I'll try to make it quick. My mother passed about a year and a half ago and she still owned the house I grew up in, but my sister was living there. It's just me and her, no other siblings or surviving parents. The house was paid for but it had about a $30k home equity loan I believe to be from my sisters education and maybe some work on the house. We briefly discussed what to do with the house, she said she still wanted to live there, I said that was fine just keep it up and pay off the loan and in the future when we sell it just give me half of what it's worth now minus the loan. I thought that was fair. Now don't get me started on how this happened, but the loan was never paid for and a few months ago I got a call saying the house had gone up for auction that day. They asked me what I wanted to do and I said my sister is still living there and I'd talk to her. After talking to her she said she said she was trying to figure out a payment plan with the buyer so she could keep the house. Well that was never dine apparently, because yesterday I got a call from a bankruptcy attorney, and I guess whoever bought the house is offering us $5k each to sign it over and make things easier. My other option was to do nothing, and get nothing or come up with $30k in the next couple days (which technically might be possible). I did think about buying the house, but it needs a ton of work. I'm talking a new roof, two wooden decks, new carpet and flooring throughout, it has a new septic system but still having some sort of sewer problems. I don't even know what else. And I can't really expect my sister to pay me rent, I'd never see a dime probably. It would be tough to kick her out, fix it up, and sell it. I'm not sure I'd even make any money off of it or have the time. So my plan is just to take the money that has been offered and be done with it. But is this a good offer or should I try to get more out of it? I have no idea what I'm doing, the whole situation has just been a nightmare and I just want to be done with it. Anything else I should consider? TL;DR: My mom left me and my sister a house, my sister was living there and didn't pay the mortgage and it got foreclosed. Now they are offering me $5k to sign it over, good deal or no? Edit: Just for clarification the house didn't go to just me, the will stated we should split everything 50/50. The title may be a little misleading. [link] [comments]  |
| Has anyone ever been “stuck” in a job? Posted: 01 Mar 2018 05:41 PM PST I'll start this off by saying I've been very fortunate so this isn't a complaint(this may not be the right sub reddit either). I'm 26 years old and have been with my company for about 4.5 years since graduating college. This year I grossed a little over $83K (4.5 years ago I started at $52K), I receive 5 weeks PTO, 8% 401k March, gym on campus, and very flexible work hours. I'm in a position where my superiors all the way up to the president of my department think very highly of me. I get to work on projects with our SVP which is rare for someone in my position. Here's my qualm. I think it's time for a move within the next year (reason being I believe I've capped my growth in my current department (all roles above mine are filled by people are in there 40s and who have been in the department for 15+ years. They're not retiring or leaving anytime soon, and my employer does not promote in place)). I work in a very niche department, where there aren't a lot of jobs/companies in my area that do what I do. I'm not willing to move (location) at this time. Unfortunately I just don't think a company is going to give me a 15%ish raise and pay me nearly $100k to: 1) Go to a position I don't have experience in. 2) Hire me for a managerial position without managerial experience Anyone ever been in a situation like this? What did you do? Thanks! [link] [comments]  |
| $30k in student loans and wondering if it would be worth it to continue for another degree. Posted: 01 Mar 2018 05:40 PM PST Basically this May I'm graduating with an Associates of applied science. My concentration has been mathematics/computer science. I'd like to go on and get a bachelor's in Math or Physics but the $30k in loans has me worried. I've found decent $40-55k a year jobs with the associates... but I've also found $80-100k a year jobs with the bachelor's. Going into more debt is more risk but higher job prospects. Being done now I could start to pay it off and maybe go back again once I'm in less debt. Now a days I find myself in these YouTube binges watching horror stories of people $100k+ in student loan debt because they couldn't pay it. I really really don't want to find myself in that position. Based on the debt I'm in, would it be a good idea to continue? [link] [comments]  |
| Posted: 01 Mar 2018 04:58 AM PST Just wanted to thank this subreddit; I constantly see posts of people being told to value their work and to at least ask for what they want. I was offered a low contract amount (lower than previously discussed) but explained I was worth more to the company and showed proof of their higher offer. They tried saying I would be taking wages off other people but I stuck to my guns. Got a $5k pay increase which might not seem like much but definitely helps. Thanks to everyone in here for sharing their experiences and advice! It helped me feel confident in negotiating. [link] [comments]  |
| My husband died and the car loan is in his name, will it affect my credit if I let them take it? Posted: 01 Mar 2018 11:47 AM PST The payments are high, the interest is high, the car has issues, my son is disabled and needs full time care so I can't work, it would be difficult to keep making the payments and cover the repairs. I have a few grand I can use to buy something outright. It won't be anything great but it will get us to school and the Dr. The money that would be the car payments could be saved for an emergency fund. They want the death certificate and something saying I'm the executor of his estate. They won't give me any info on the loan until I send it to them. What's the best move here? My credit is shit (medical debt.) It would be good to not make it worse. Thanks for your support getting us through this. [link] [comments]  |
| Posted: 01 Mar 2018 05:39 PM PST I'm planning to buy my first car. I have no significant debt and my credit score is excellent. What are some tips that I should be aware of when im at the dealers? Edit: typos [link] [comments]  |
| Just got back a crazy hospital bill of $40,000 for one night. Don't have insurance. Any tips? Posted: 01 Mar 2018 02:48 PM PST So long story short, I spent a night in a hospital in California with Mononucleosis. Half of my bill, $19,000 of it, is Laboratory results, the VAST majority of which I can't even read. I have no idea what I was tested for or whether it was even necessary. I also don't have insurance (yeah, I'm stupid) because I just turned 26 and was kicked off my parents. I start a job in a month that gives me full benefits so I thought I could go a short time without it. And now here I am.... Any tips on dealing with this? I can't afford it. [link] [comments]  |
| Part of the Best Buy mass layoff, which option is best? Posted: 01 Mar 2018 04:25 PM PST As stated, Best Buy has announced the closure of over 250 stand alone mobile stores across the US. This was a great job for while I'm going back to finish my bachelor's degree. I have a few student loans to pay off still (about $15k) and 1 year left before graduation. My area of study is Business Management and Administration. So far my options that I've figured out are thus.
Any input would be fantastic. I'm a little lost now that I have the options on which would be best. Maybe having someone else look and find gaps I may have missed will help. Thanks in advance! Edit: sorry for the shitty format. Mobile (sigh) Currently my expenses are fairly low. I live with my boyfriend in income based housing. I have about $700 in credit card debt and my student loans. My car is paid for and rent plus utilities for both of us totals around $400 per month after some extra help. (We have a monthly living stipend) he also has a job which gives us about an extra $2500 per month currently. [link] [comments]  |
| Has anyone with young children run regular credit checks on them to protect against identity theft? Posted: 01 Mar 2018 05:56 AM PST I was considering doing this, but I don't know if there is a down side or if I am just being paranoid. [link] [comments]  |
| Posted: 01 Mar 2018 06:47 AM PST I would like to clarify that I'm not from the US but from Belgium [link] [comments]  |
| Should I invest $100k or pay principal on $235k mortgage? Posted: 01 Mar 2018 06:12 AM PST I sold an investment and have a spare $100k in my checking account. I'm in year 6 of 15 year mortgage currently at about $235k and 3.875% APR. Mortgage interest deduction is going away, so I think the best investment return over the next 5 years may be to pay down my mortgage. I'm 52 and have 2 teenagers going to college soon. I feel pretty good about retirement savings, but I don't have much else saved for kids' college. I was planning to use income from work and IRA to avoid loans for tuition. No other debt except for car loan at 2.25% APR. Suggestions on where to put that cash? Thanks. Edit:. Thanks for all the great discussion and suggestions. I'm going to put it in a 529 plan to simplify the first year of college funding. [link] [comments]  |
| Posted: 01 Mar 2018 12:30 PM PST SO for a little background, my girlfriend (also 23) found out we were having a baby a month ago and we are both excited but frankly terrified about the future ahead of us financially. We both work commission based sales jobs and bring home about 30,000 a year each. I hope to transition to a management job within the company over the next 8 months that would bring in over twice that. We currently rent a house with one other roommate and pay 1550 a month. We are in school at the moment but considering that her parents paid for her tuition and I had just started a year ago, I am the only one with student loan debt, about 5000 in total. In the next 8 months we need to make a few big changes. The biggest is changing health insurance, Mine from my parent's plan and hers from her student benefit plan to our workplace provided plan. We need to make a move at some point before the baby arrives because out current place is not safe for the baby and has come with some ridiculous heating costs due to an inefficient furnace. We have over 1500 dollars in overdue bills from this place that we've accumulated over just the last 6 months Lastly we plan on getting married, and soon. We both want to be married before the baby arrives to make things easier going forward logistically and easier on taxes, and my girlfriend wants to have the wedding soon so she doesnt show the day of the wedding. We have agreed to have a smaller ceremony that is much more cost effective and our parents approve and agree to help pay for it, but the largest expense expected of me specifically is the engagement ring, which even considering the stone from her mother's ring we'll be using, will be expensive. The options we've discussed so far to help save money cover things like selling old stuff we don't need, putting our tax returns towards bills and a new place, cashing out my girlfriend's remaining balance on her student account (her idea) and looking into short term loans that don't look sharky. (my idea) I love my girlfriend and our parents love and support us, so our situation could be a lot more difficult but on top of caring for her while she's going through this incredibly difficult time I am freaking out about the money we have to be saving starting this second. I could really use any advice the community can offer. If there is anything that needs clarification ask away [link] [comments]  |
| How to invest $10k for the mid-30s novice investor? Posted: 01 Mar 2018 03:15 PM PST I'm 36 - annual income 70k. I have a fully funded emergency fund, am contributing to retirement accounts, no debt. I have about $10k leftover that's sitting in a high interest savings, and I'm not sure how to invest it. I'm a novice investor - so I plan on putting $9.5k into Vanguard index funds (but which ones?), and use $500 to buy a few individual stocks and crypto. Can someone recommend which index funds I should invest in? [link] [comments]  |
| Pay off car or continue to save for a better down payment for a house? Posted: 01 Mar 2018 06:56 PM PST Hello everyone, I'm 26 years old and I'm currently saving for a home. I've paid off my student loan debt and my credit cards. The only debt I have is my car, which is around $10,000. I have about $29,000 saved for a home, however I've been thinking about paying off my car. Is it foolish to just pay off the car or should I just continue to keep saving for a better down payment on a home? My car payment is only $250 a month, and I pay around $300 just to cover more ground. Should I even consider paying it off or just continue to save for a better home in the future? The only reason I have not paid the car off is because, I believe, it will help build my credit which is around 750. I figured I could at least keep the loan to help build it up. I have no other debts, again, just the car. Any suggestions would be appreciated. Thanks! [link] [comments]  |
| Thinking about buying a mobile home to live in the Bay Area. Any reason why I shouldn't? Posted: 01 Mar 2018 06:48 PM PST I'm a single male in my late 20s. I take home about 5k a month with about 50k in savings. I currently pay $1,550 rent for a studio. No debt other than 9k car loan with very low interest. I've pretty given up on the dream of owning a tradition home here so I've been looking into mobile homes. They seem to range from 100k to 300k depending on the zip code. I've also considered the space rent of 1-2k a month. Some people say that mobile homes are a bad investment in that they actually depreciate in value. But I think real estate in the Bay Area in unique in that everything is rising. My brother bought a mobile home for 50k from someone who bought it for 26k. My brother later sold it for 129k. This was over a span of a few years. Lastly, if I were to go for it how should I approach the asking price? Underbid, overbid, or offer exactly the asking price? Anyway, I'm about to make the biggest investment of my life and I won't want to get screwed. [link] [comments]  |
| Ex Wife cannot pay for car that is in both our names Posted: 01 Mar 2018 06:40 PM PST I am currently paying off debt and making good progress. I just found out that my ex is two months behind on payments for a vehicle that is in both of our names. She was supposed to get it taken out of my name a while ago. That hasn't happened. My understanding is that I am still financially responsible for this vehicle despite my divorce papers saying I should not be. I believe my options are:
I am seeking help in figuring out what my best option is. If there are other options, I am all ears. [link] [comments]  |
| Paying off student loans with inheritance Posted: 01 Mar 2018 02:50 PM PST I'm about to inherit 75k. My student loans have a balance of 80k, my only other debts are a car I pay 125/month (3% interest) on and my house. My emergency fund is 20k (hcol and a child) Should I put all of my inheritance towards my loans? It would actually leave me with about 700 more per month(monthly student loan payments are 690 a month) to pay off the remaining 5k. [link] [comments]  |
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