Personal Finance New sub for low income finance advice |
- New sub for low income finance advice
- First time filing taxes, received a letter saying that I’m deceased
- I got a $426.08 discount on my previous car insurance retroactively applied to the start date of the policy.
- My father in law has a terminal illness, and we are paying his bills. Should we stop paying his credit cards?
- Vanguard funds have disappeared...
- I bought my boyfriend a truck that I can’t even drive and we broke up. I haven’t made any payments yet. The dealership won’t take it back. Any advice on what else I can do would be greatly appreciated.......
- Collection Agency refused "Certified Mail, Return Receipt Requested", what option do I have?
- I haven't filed my taxes in the U.S since 2011. What could be my ramifications?
- Am I in a healthy position to buy a 250k house?
- Small things you can do to nudge your financial life in the right direction
- Oldest Credit Card Cancelled
- [US] The person I worked for lost my W9. Never sent me a 1099, and frankly has no idea what they are doing.
- I’m about to inherit $20,000.
- The power of a "safety" fund
- Salary Research
- Early On In The Homebuying Process - Is This A Warning Sign?
- Dad basically burns money, I don’t know how to approach him about saving for my college instead.
- Debt consolidation - CC interest rate at 26% $7.7k. I qualify for 3 years at 13% apr.
- Career advice to break the $40k / yr Mark?
- Checking to see if there's anything I could do to help my financial situation
- Credit Fraud on a Parent.
- How do you track toiletries and other categories versus groceries on your budget?
| New sub for low income finance advice Posted: 27 Mar 2018 05:41 PM PDT Based on the popular thread earlier this week, I started a sub and could use some help with mods, content, and the like. /r/povertyfinance for those interested. If it's not OK to post this here, feel free to delete. [link] [comments]  |
| First time filing taxes, received a letter saying that I’m deceased Posted: 27 Mar 2018 10:11 AM PDT Hi all, So as the title says, I (23yrs old) filed my taxes alone for the first time and I received a letter yesterday saying "information from either your return or our record indicates the primary taxpayer is deceased". I used to be filed under my parents until this year. My mom called the accountant who said that this happened because I filed taxes for the first time. Is this true? I don't really believe him and it's unsettling to receive a letter thinking I'm deceased. How do I fix this? [link] [comments]  |
| Posted: 27 Mar 2018 01:48 PM PDT I moved across the country in November of last year and cancelled my car insurance policy in my old state so I could get a cheaper one in my new state. In August or September of last year when I knew I was moving but wasn't ready yet, my car insurance rep noticed that I was eligible for a good student discount but for some reason it hadn't been applied to my account, so he had the underwriters working on having it applied to current term. I mentioned that those grades that made me eligible were from when I was in college, and I graduated a few months before I became a customer, so I asked if it were maybe possible to have it applied retroactively? To the start date, 2 1/2 years ago? He thought it was a long shot but couldn't see the harm in trying. After a few months of back and forth between him and the underwriters they still hadn't approved the discount, then I moved away, and then he quit. So my case was sent to someone higher up than he was, and then to their boss, and then to their boss. A few weeks ago I got an email saying they had approved it (yay!) but it still might take a few weeks to get the check. Got it in the mail today! $426.08 for a refund from a company I'm not even a customer at anymore! All of it is going straight to my student loans. I might take $25 for some wine and pizza to celebrate. [link] [comments]  |
| Posted: 27 Mar 2018 02:36 PM PDT My father in law is dying, he is in rough shape and has most likely a couple of months to live if that. We (his Son and I) have been paying for his expenses ever since he got sick (October 2017). This includes his mortgage, car payment, car insurance, and various amounts of credit card and medical bills. All the credit cards and medical bills I have been making minimum monthly payments on- total bills end up being around $3,000 a month. We tried all treatments, unfortunately his cancer did not respond and his time is running out. We have been fortunate in life by working hard and having two well paying jobs, as well as running a successful small business. We are currently under contract to sell his house. That closes on May 1st, our plan is if it closes before he dies to take out the amount we have been paying and split the remainder between my SO and his brother. My question is- should we continue paying his CC and medical bills? Or at this point let them go to collections? If the house sells before he passes then I believe the money earned can be split with no repercussions (please correct me if I'm wrong). If he passes before closing then as I understand it will go into probate, and the creditors will be able to make claims against it. At this point I figure his credit rating is moot. And we were considering stopping payments on the car as well, and just letting it get repossessed as no one wants or can afford the car payments. I'm asking because at this point we are pretty financially strained, and while not having to pay the mortgage and utilities on the house will help we are still paying a bunch out every month in addition to our own bills. The state is Delaware. Thank you for any help given! [link] [comments]  |
| Vanguard funds have disappeared... Posted: 27 Mar 2018 07:10 AM PDT I got an email from Vanguard saying I didn't have enough money in my settlement account to cover a purchase. When I logged in to my Vanguard account I saw that each of my settlement accounts are empty. There should be around $50k, but it's all gone. I've tried calling and emailing Vanguard, with no luck (can't get a call through. It's as if the number was down. Does anyone know of an issue with Vanguard? I'm assuming it's a reporting glitch. [link] [comments]  |
| Posted: 27 Mar 2018 02:25 PM PDT |
| Collection Agency refused "Certified Mail, Return Receipt Requested", what option do I have? Posted: 27 Mar 2018 09:30 AM PDT the collection agency is local. I sent a letter 2 weeks ago using Certified Mail, Return Receipt Requested. today it come back and postman said collection agency refused it multiple times. Now I have the letter. I called the agency, they simply said I must pay, blah blah... I asked why they refuse the letter? they said they can't accept Certified mail, it's against their policy. I have to go with fedex or ups... is there such rule/policy, or just some excuse? [link] [comments]  |
| I haven't filed my taxes in the U.S since 2011. What could be my ramifications? Posted: 27 Mar 2018 03:44 PM PDT I currently now have all my relevant paperwork to file, and why I didn't is irrelevant. My main concern is my fear of jail time. Before penalties, (which I assume will be tacked on once they receive everything), I probably owe around $5000. I plan on contacting the IRS once my separate filings from the last 7 years have been received by them, in order to work out a payment plan. I'm sending all my returns without payment, because I don't have it. My main questions are: 1)Is there a better way for me to go about this? 2)Should I be afraid of getting sentenced to prison? 3)Should I send any cover letter or any additional form or statement with all of the returns I am sending, explaining I intend on paying in payments, but currently can't now? [link] [comments]  |
| Am I in a healthy position to buy a 250k house? Posted: 27 Mar 2018 09:16 AM PDT Boyfriend and I are planning to get married in the next year. Both of us recently got out of grad school. He has 15k in student loans he has been paying off and I have zero. Currently I have saved 16k from one year, as well as 6k in mmf, 10k valued car. My credit score is healthy. My boyfriend on the other hand has 5k saved, 60k in stocks from his company (when he becomes fully vested), and a 1k valued car. I make 67k a year, he makes 75k and is expecting a 10k increase if he's promoted. My question is, is it a good time to buy a house? The houses in the area we want to live are between 200-300k right now and in the next year expected to rise. The other issue is my bf's credit score isn't great, so should I just look at this as a single purchase on me? [link] [comments]  |
| Small things you can do to nudge your financial life in the right direction Posted: 27 Mar 2018 06:23 AM PDT A lot of people think personal finance is similar to a part-time accounting job, but here are some small changes you can make that will move you towards financial success: Bills: 1. Go through subscriptions and cancel what you don't need/haven't used in a while 2. Call cable/internet/cell phone companies to see about lowering your bill Savings: 1. Set up very small automatic transfers into a savings account, monthly or bi-weekly. It's easy to slowly increase them over time and you won't miss the money if you start small enough. You can worry about increasing later, building the framework is the important part. 2. Work towards saving first, then spending what you have left Retirement: 1. Contribute very small amount toward 401k/IRA, and slowly increase over time. Worry about increasing later, just build the framework for now if that's what you're comfortable with. After following these steps, hopefully you've lowered your bills, have a small automatic transfer into savings that you won't miss, and a small automatic transfer into retirement that you won't miss either. Later you can work toward increasing the savings and retirement amount at a pace comfortable for you (especially when you get raises at work, etc). Hope this helps someone! [link] [comments]  |
| Posted: 27 Mar 2018 05:23 PM PDT I have had Capital One since I turned 18 and I am now almost 33. Earlier this year, I called to get a new card because I realized I no longer had any subscriptions on it. I was told a card was on the way then 4 calls, 2 months, and several hours later I was told my account had been closed close to when I ordered the card. They also said they will not reopen it since it was closed to inactivity. I'm worried this will really hurt my credit and even after speaking with a manager it doesn't seem like I have any recourse. I appreciate and help or advice! [link] [comments]  |
| Posted: 27 Mar 2018 01:30 PM PDT I worked for this guy as an assistant for about 4 months last year. I got paid by a combination of check, venmo, paypal, cash. They have lost my original w9. They can't seem to figure out how much they paid me either. I didn't keep track of it as much as I should have either. The account in which my checks were deposited into is no longer active. I can only really track the venmo and paypal deposits. They've changed accountants 3 times in 4 months. At this point, I don't even know if I'm on their radar, or what they plan to report as my earnings or if so at all. What is my best option in this scenario? [link] [comments]  |
| Posted: 27 Mar 2018 05:20 PM PDT I owe 3,000 on a motorcycle which is easy on gas and fun. 15,000 on a credit card. I have nothing in savings and usually have about 200 At the end of the month. How can I best utilize the money and begin saving for retirement? I'd like to have some spending cash for a trip to the beach or a new computer but want to stay realistic in my goals. Edit:the credit card debt came from unexpected expenses including repairs on my daily driver. I am an older college student and not completely inept when it comes to finances but the debt is the culmination of four years of putting it off. [link] [comments]  |
| Posted: 27 Mar 2018 07:23 PM PDT It's funny how you keep hearing and reading about the benefits of having a safety net "in case something happens to you". But the truth is, you don't realise how important it is and what it does to your wellbeing when something does happen. I recently donated blood at a donation centre. Long story short, I ended up at the back of an ambulance and I got to spend 2 days in hospital. Along the way, many people asked me for payment details, insurance paperwork and what not...things I never really had to deal with (the perks of living a healthy-ish lifestyle). I didn't realise it but things accumulated very quickly, ambulance cost, hospital admission, hospital procedures, overnight stay etc... and even if people tell you "oh it will go through your insurance", I ended up with couple of charges on my debit card. My insurance still covers whatever they charge me but the time it takes them to pay me back is the reason why I'm very glad I had a safety net. You can't control what people might do to your finances when something happens but it doesn't take much to prepare your finances to what people might do to them. Don't underestimate your safety net, it really does allow you to focus on yourself and not on how you're going to pay X or Y bill. [link] [comments]  |
| Posted: 27 Mar 2018 08:48 AM PDT How do you all do your research on your salary worth? I mainly use Glassdoor but I was wondering what other sources everyone may be using. Also, how do you account for a remote position? For example, if the only source of salary comparison is for a HCOL area but I live in a LCOL area. The position requires 80% travel so I'm not sure if there should be a salary difference compared to the other cities. Has anyone ever gotten a HCOL salary living in a LCOL area? [link] [comments]  |
| Early On In The Homebuying Process - Is This A Warning Sign? Posted: 27 Mar 2018 08:59 AM PDT Greetings! My spouse and I are early on in the homebuying process. We got preapproved for a mortgage by a local credit union that has one of the better mortgage rates in the area. So far, we were happy with the experience. We met with our realtor and began with some of the paperwork. Our realtor mentioned that there was a specific title company that he prefers, but that we don't necessarily need to use. Fine - whatever. When he approached our mortgage broker about potentially using this company, our broker fired back and said that the credit union only uses one company and has a select number of attorneys that they work with. Cue flashing red lights... I understand the realtor pairing up with a title company (seems common), but it seemed pretty odd to me that the credit union was adamant that we only use the one that they dictate. From everything I have read, it typically is a decision that the buyer's make. Should I be worried? My spouse and I have really good credit, so it's not an issue of finding another lender if we need to, however, this little snag has seemed to cause a riff between the broker and realtor and has put me in a position where I feel like something is going on. Any advice is much appreciated - thanks in advance! [link] [comments]  |
| Dad basically burns money, I don’t know how to approach him about saving for my college instead. Posted: 27 Mar 2018 06:09 PM PDT Hey all, I am a senior in HS and I'm planning my college finances. My parents have always told me that they will help support me through college, but are always vague and defensive when I ask for details. Lately, my parents are about to divorce so anytime my mom tells my dad (who has a weekly habit of withdrawing $300 to blow on himself) that we are running out of money, he rages and goes crazy at her. Therefore, I am left to hold my dad accountable to his commitment to pay for my college, or just suck it up and take out loans. I would greatly appreciate any suggestions for how to talk to my dad about not spending his whole paycheck every week so that my sister and I can have money for college. This is especially difficult since I don't want to come across as selfish and my dad is extremely defensive to begin with.... Oh well worst case scenario I'll just take out loans but any help on how to start a conversation will really help. [link] [comments]  |
| Debt consolidation - CC interest rate at 26% $7.7k. I qualify for 3 years at 13% apr. Posted: 27 Mar 2018 04:18 PM PDT I've been doing the avalanche method on one of my cards but I was curious and looked up personal loans. I got an offer for 13% APR, 9.9% interest rate (I don't know the difference) on $7.7k for 36 months. Should I just do that or just continue paying off chunks with the high interest rate? [link] [comments]  |
| Career advice to break the $40k / yr Mark? Posted: 27 Mar 2018 07:56 PM PDT I'm about to be 28, married with two children. I have a BA from a Bible College. My main passion is church/non-profit work. I'm currently doing that kind of work in one of the poorest cities in the US, and so I'm what clergy refer to as "bi-vocational". Although I've been a paid employee of a church in the past, there's no chance of that generating income for me for at least 5 years, maybe never. Anyways, I've always had the day job. It's always primarily been in retail and then in sales. I worked in wireless sales for 2 years and enjoyed it. I'm now in banking and it's just okay. Pay is lousy and turnover is high. I have no prospects of promotion for at least 2 years. The big thing is that I'm not breaking the ceiling of $40k a year, which doesn't make things a crisis but it's not comfortable either. What sorts of career paths would prove to be lucrative for me but still be flexible to do non-profit work? Should I stick it out at a bank? Is there a slam dunk industry I could switch over to? Should I develop a plan to start a business? Just curious. [link] [comments]  |
| Checking to see if there's anything I could do to help my financial situation Posted: 27 Mar 2018 06:02 PM PDT Currently living in Atlanta, making $44,500, have about $8,000 saved up, only debt being car (4 more years), credit score at 790, putting $500 from each paycheck into savings, and my current monthly spending is around $1900 max depending on things like electric, water, groceries/eating out actually reaching $250, and whether I spend that $200 for miscellaneous. Just recently started a new job so I can't contribute to the 403(b) until next February. Currently 24 so still on parents health insurance so that's an additional cost I'll have starting next May. Is there anything else I should do to help my situation? Note: Most of those things on my budget (rent, groceries, etc) are my half of a budget that my fiancee and I share. Also, the $23 for "TV" are for payments on a Tv we bought. [link] [comments]  |
| Posted: 27 Mar 2018 10:15 AM PDT This is about my Mother & wether I should file a police report or not According to my credit report this began in November. My mother opened up a Wal-Mart store card among all things, and yesterday while attempting to open my own very first credit card I find out my credit score is 544. The balance is only about $300 thank god, but my mom has a very long history of doing things along these lines. Cashing checks for me, a felony, etc. I'm 21 and I want to put my foot down on this but I do know that my mom has recently been through quite a bit, I don't want her to end up going straight back to jail (I've recently bailed her out and she's paying me back). The credit company says that filing the police report is entirely up to me, I just want to know what happens if decide to do that. Is there better ways to clear this up without being liable? [link] [comments]  |
| How do you track toiletries and other categories versus groceries on your budget? Posted: 27 Mar 2018 03:30 PM PDT My wife and I are having a hard time with our grocery budget. Per-month, we currently budget about $900 on wal-mart, $100 on online expenses, and $50 for fast-food—for ourselves and two toddlers. Unfortunately, those expenses are very hard to track against categories. How much is food? How much is hygiene products? etc. I suggested reviewing the receipts together. My wife wasn't enthusiastic, and when we tried it, most of items are unidentifiable and it's a serious chore. Additionally, due to the toddlers, it's difficult to log every item purchased on shopping day. All my friends, regardless of life-situation, indicate they spend $400-$500 a month on their grocery budget. I understand they might be exaggerating, not counting online orders or fast food, but I still feel like I'm missing something. How do you track toiletries and other categories versus groceries on your budget? Am I overestimating my budget? [link] [comments]  |
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