Personal Finance Roommate is giving me 2 weeks notice before he moves out of our apartment, I have little extra cash and no furniture. Oh, and my rent is going up. Help!! |
- Roommate is giving me 2 weeks notice before he moves out of our apartment, I have little extra cash and no furniture. Oh, and my rent is going up. Help!!
- State farm just wrote me a check worth more than my vehicle..
- Teen looking for ways to earn money.
- Another idiot with too much debt.
- How does income for the rich work?
- First Time Negotiating Salary - Please Help Me
- Victim of debit card fraud - keep seeing horror stories - help?
- New job , 401k rollover question.
- I made a spreadsheet illustrating how I could pay off all of my debts in less than 3 years using the snowball method.
- Company wants New Hire to buy work equipment
- When you buy a car with cash, how does the transaction actually look like?
- Should I cancel my Prius Vehicle Service Agreement?
- Buying first actual new-new (not new to me) car...
- Graduating from undergrad next week, just wanting to make sure I've covered everything
- Would biweekly payments lower overall cost?
- Probono client wrote a check for project costs to my name personally. More money than I have ever made in a year. Unsure of process.
- How much money should I save up before I get an apartment?
- [House buying] We have a surplus of money per month. What % of that should go into a mortgage?
- Credit report is clean but credit score took a huge hit for non-existant delinquency?
- First time home buyer
- Considering getting another credit card, might it be a good idea?
- Credit Karma didn't file my 2016 tax return and won't own up to it
- Up to my neck in delinquent debt, need help to dig myself out
- How do I get back on the right path financially?
| Posted: 28 Apr 2018 11:02 AM PDT Paid for everything for April already, but my total expenses are $280/mo car, $400 (now 800, soon to be 900)/mo rent, $60/mo internet, $110/mo heating+electric on average. This was a completely unprovoked move on his part, he just decided he was going to move downtown. Both of our names are on our lease, which doesn't expire until October. He's saying that since I'm on the lease he can leave and it's on me to find a new roommate. He also wants me to pay him the $600 deposit he put in the place when he moved in here. Speaking of, I planned on renewing the lease in October anyways with a different friend of mine, but I still have 5 months of "being on my own" then. I normally have ~$200 extra each month from work but now I need to find another $200 on top of that, in addition to buying furniture, cookware, etc. since I moved in with him from my parents house. I have about $1000 in my savings right now. Thanks y'all so much. I'll try to answer other questions as best I can. -Spooprep Edit: this blew up a bit. I'm at work rn but I'll respond to some stuff after work. Thank you all so much for the advice!! [link] [comments]  |
| State farm just wrote me a check worth more than my vehicle.. Posted: 28 Apr 2018 05:18 AM PDT I got some hail damage on my 2012 Jeep Grand Cherokee a few weeks ago. I made an insurance claim thinking it would cost MAYBE $1000 to repair. To my surprise, State farm decided it would cost over $9000 to repair and wrote me an $8600 check!! Even if my vehicle were in excellent condition (which it is not) It would only be worth $10000 (according to Kelly Blue Book). I'm trying to decide what to do with the money. I have one more year left of college and will most likely get a job next summer. I commute, so my car will have close to 200,000 miles by then. I feel like it would be smarter to invest the money from statefarm now and live with the dents on my car. Then in a year or 2 when my car is a true POS, use the money from statefarm as a down payment for a new vehicle. I don't know if this is a good decision and would really like input from others. Tl,dr: I have an $8600 check from an insurance claim and I would rather invest the money than spend it on repairing dents. [link] [comments]  |
| Teen looking for ways to earn money. Posted: 28 Apr 2018 03:48 PM PDT Hello, Redditors. I am just a regular fourteen year old teenager who needs to find a way to earn few hundred dollars in order to purchase something. I would have asked my parents, but I want to start making independent financial decisions. I live in a place where it's somewhat hard to do generic teen money-earning tasks such as babysitting, walking dogs, etc. Please, suggest me ways I could earn around $500-$600 without any parental help. Thanks in advance. [link] [comments]  |
| Another idiot with too much debt. Posted: 28 Apr 2018 05:31 AM PDT I need help, Reddit. I'm an enlisted member of the Air Force, and I managed to amass 25,000 dollars worth of credit card debt across 4 credit cards in 2 years. I married way out of my league, and made the mistake of trying to maintain my wife's previous standard of living (furniture, honeymoon, eating out), on 60,000 a year (wife doesn't work). My last ditch effort to pull myself out was to move into lower income housing, where my rent was only 735 a month, but my wife's parents intervened and told me we had to move out, because they feared for their daughter's safety. It honestly wasn't bad, but they are used to that gated community, 6 figure life. The one light at the end of the tunnel iis that my father in law has offered me a job starting at 100k once I separate from the military. Other than scraping by for the next 3 years, I don't know what to do, guys. Here's where I stand right now: Current monthly budget: Housing $1,650 (8 months left on lease) Car 1 $250 (value is 7k, I owe 8k) Car 2 $350 (value is 17k, I owe 19k) Utilities $250 Groceries $400 Credit card 1 $250 (I owe 12k @ 15%) Credit card 2 $200 (I owe 8k @ 17%) Credit card 3 $100 (I owe 5k @ 6%) Credit card 4 $100 (I owe 1500 @ 18%) Wife's spending money $200 Gym $150 (9 months on contract) Savings $100 Insurance $200 Internet $170 Gas $150 Cell Phones $210 Total expenses $4,730 Total income. $5100 I know I've made a damn fool of myself, so be gentle. I managed to take my credit from 730 -> 590 in 2 years. Please tell me there's still hope. Edit: thanks for all the advice. Some days I start to feel a lot of anxiety about my situation, and the hopelessness begins to creep in. Sounds like my goals right now need to be establishing boundaries with the in-laws, and communicating better with my wife. [link] [comments]  |
| How does income for the rich work? Posted: 28 Apr 2018 12:50 PM PDT I work with a wealthy investor who's doesn't have an actual income. He pays himself enough to get by but sells assets when needing large purchases. He makes more than $1m a year in capital gains but hardly touches any of it. Would those capital gains be considered as income? Technically can he apply for low income social services? [link] [comments]  |
| First Time Negotiating Salary - Please Help Me Posted: 28 Apr 2018 02:15 PM PDT Hey Guys, I could really use some help regarding a job offer I recently received. I am 24 years old with 10 months of work experience. I have been interviewing for new jobs, and I was lucky enough to get the first job I interviewed for. I have a few other interviews scheduled, but I am willing to drop out of those processes if the negotiation goes well. I am currently being paid: $85k base salary with annual bonus of $40k-$80k. The offer I got is from a private company looking to go public in the next two years. It is in a new city where cost of living is 15% higher than what it is where I am living right now. I REALLY love the company and the role, but it seems like I'd be taking a huge financial hit. On the other side, I hate my current job. I am working 80-90 hour weeks, working in a city that I hate, and I'm not learning as much as I could be. The new job is offering:
I am thinking about asking for an increase to my base salary to $100k and for an incentive equity compensation package. My questions to you guys are:
Thank you so much for taking the time to read and offer help!! [link] [comments]  |
| Victim of debit card fraud - keep seeing horror stories - help? Posted: 28 Apr 2018 06:41 PM PDT Today I had my bank account drained of nearly $1,000. I caught it within 30 minutes of it happening and called the bank and currently there is an investigation. The transactions happened about 1 1/2 hours from where I live and I was at work during this ..(could I use this as proof that I didn't make the fraudulent withdrawals?) They spent $700 on groceries and went to two ATMS and withdrew $200 then another $60 at a different ATM. The bank finally realized what was going on and I got a fraud alert and locked the card. I keep seeing horror stories of banks denying claims due to how you need pins to do a ATM withdrawal and why would these people have your pin and card - so they conclude it was you. Thing is, I had my physical card on me. It must have been skimmed I'm guessing. Has anyone had any experience with DEBIT card fraud and offer me an reassurance that I'm not going to be royally screwed? I bank with Huntington if it makes any difference. Lesson learned: use credit cards for daily purchases so your not stuck with $2 to live off of. [link] [comments]  |
| New job , 401k rollover question. Posted: 28 Apr 2018 02:36 PM PDT Im 24, I quit my job which offered a 401k for a better opportunity working for municipality. My new job doesn't have 401k it has NYS deferred Comp. Is it possible to roll over? Should I just take out the money out of my 401k? Not really sure , still new to the whole retirement thing. [link] [comments]  |
| Posted: 28 Apr 2018 03:35 PM PDT Here's a link to an image of the spreadsheet. The credit card is in a 0% into APR until January of 2019, so it takes 1st priority. After that I went by balances from lowest to highest. I used an amortization schedule calculator to determine the balances after each payment and rounded everything to the nearest whole dollar for simplicity. Because my student loans are actually split into 6 different loans each with different rates, I used a weighted average interest rate calculator to help simplify things. The goal wasn't perfect accuracy, but rather to create a visual tool to motivate myself and make my debts feel more achievable. I made a copy of the spreadsheet and plan to fill in the cells with the actual amounts as they occur to compare to the estimated projections. Doing this really helped make me feel less worried about my debts and got me excited for the future. [link] [comments]  |
| Company wants New Hire to buy work equipment Posted: 28 Apr 2018 09:12 AM PDT A family member of mine just got hired to a graphic design job for a news/pop-culture website, and the terms of all this seem a little fishy to me. First off, she was contacted by email and was told that they would do an interview over Google Hangouts (specifically text only). They did the interview, and she got the job relatively quickly. She has a great resume so I'm not super surprised by the quick hire, but I find it a little weird that there wasn't even a phone call or in-person interview. I should note though that this is for a working-at-home position. This is the part that really concerned me. They said they are giving her a "start up check" to purchase required equipment to start working. This check will have to be at least $5000 USD because she would be getting a new MacBook Pro, a lot of software, a time-clock terminal, and monitor calibration hardware. And she has to purchase all of this from a specific vendor because "the payment would have to come from our employee to help enable them verify the location and alternate shipping address for future purposes," and "all materials will be Customized in your name and the Company Logo". Then, they say they will email her the check for her to print out and mobile deposit. Both of us have been receiving direct deposit or paper checks forever, so this seemed a little weird for me. On top of all this, she used a headhunter, which is how she has gotten a lot of her freelance work for a while now. So she didn't directly apply for this job, and can't really find the paper-trail for how they found her. So far, this is the only documentation they asked for: Full name, Address, Cell and home phone, Date of Birth, and driver's license. It's an incredibly high paying job for our standards, and I wanted to make sure this was not too good to be true. My first thought is that this could somehow be some crazy elaborate scam. Or my second thought is that this could screw us over during tax season somehow. Either way, I want to make sure she is protected. Thank you in advance for any help or opinions! TL;DR: Company wants to pay new hire to spend $5000+ in equipment rather than just send the equipment themselves. EDIT1: Thanks for the advice everyone. After seeing all your thoughts, I can pretty clearly identify that this is a scam when I read back through the google hangouts chat. I also went to the hiring company and verified that it is not a real email address associated with their company. Thank you all for helping us through this and saving us from a scam! [link] [comments]  |
| When you buy a car with cash, how does the transaction actually look like? Posted: 28 Apr 2018 06:07 AM PDT Should you bring in an envelope/briefcase of bills? But that sounds ridiculously risky. Do people use their debt cards? Write out cheques? [link] [comments]  |
| Should I cancel my Prius Vehicle Service Agreement? Posted: 28 Apr 2018 04:06 PM PDT So I bought a CPO 2016 Toyota Prius with 15.7k miles (single prior owner who brought his car in for service like clockwork) a week and a half ago after the unexpected loss of my super old car. Now that I'm not in "holy crap I just bought a car" mode, I figured I should review what I did and see if I can make any adjustments before the 30 days is up. I included in my purchase a $2,819.09 Toyota Extra Care at the Toyota Certified Platinum level for 6 years or 72000 miles. In theory this covers a huge range of issues, but given I paid $23,796 OTD (I didn't have a trade in clearly- this includes the above warranty) and that I don't expect to drive it THAT much (I go into the office 2 days a week, that won't change unless I get a good pay jump - govt employee, so that'll never happen =P ) but I do drive from MD to FL every few years -might start flying but that's another discussion. Anyway, main question is should I keep the warranty? Secondary question is for those who have a Prius, do you recommend the warranty? [link] [comments]  |
| Buying first actual new-new (not new to me) car... Posted: 28 Apr 2018 05:43 PM PDT After a long crawl through life, my household has finally reached a point where we'd like to buy our first new car. Every other car we've ever owned has been used to one degree or another. Everything from a beater with barely any brakes that we got for $50 and a night of babysitting all the way to ones that were about 3 years and 30k miles. So I know what car we want, down to the preferred color and options. We have even test-driven it. We live in a major metropolitan city, and don't suffer for lack of choice in Honda dealerships -- there are quite a few in the region. We have several thousand for a down payment and we are not in any sort of a rush. We are pre-approved for a loan with a nice low rate (after spending years cleaning up our credit). So, how can I make the best out of this situation? Do I contact every dealership that I can reasonably reach and tell them exactly what I want, and see who will offer the best deal? How flexible should I reasonably expect to be? Should I wait to see if there are any specials for Memorial Day, or is there no real advantage to waiting until the end of May? Every car I've gotten to-date has basically been the best I could find for the price, pretty much limited to what was available in the used market at that point in time, and usually we needed the car sooner than later. The idea that we can literally get exactly the car we want is a little heady. [link] [comments]  |
| Graduating from undergrad next week, just wanting to make sure I've covered everything Posted: 28 Apr 2018 03:47 PM PDT Hey everyone, just want to say this sub has helped incredibly as I progressed through college. Now that I'm about to be on my own, I just want to be sure I've accounted for everything, as I'm really not sure what I'm doing. I am lucky enough that I landed a good job making 70k in a finance department of a major company and have no school debt due to a full ride I got. Budget as of now: Monthly Income (net of taxes/insurance premium and 13% 401K Contribution with a 7% match): 3496 Rent: 1187 Utilities+Internet: 200 Car Insurance: 250 Car Payment: 105.90 Gas: 100 Cell: 70-80 (Haven't decided on a service, bought a mid-range phone outright so don't have to worry about device fees) Food: 400 Savings: 400 (eventual house, emergency fund) Disposable Income: 773 Is there anything I'm missing? Should I lower retirement to the standard 10%. My company offers a pension plan but I really don't want to count on it because I really don't know if it'll be around 40 years from now, assuming I stay that long. I will also have about 5K in investments and liquid savings when I start. [link] [comments]  |
| Would biweekly payments lower overall cost? Posted: 28 Apr 2018 03:28 PM PDT I took out a $10,000 personal loan in October with 14.25% interest rate for 37 months. The minimum payments monthly are $354, but I always pay at least $400 towards it once a month. I've been trying to figure out the money game, and have been reading that sometimes splitting the one month lump sum into 2 payments a month costs less in the long run. Is this true? Would it lower the daily interest accrual amount quicker if I paid at least $200 twice a month? [link] [comments]  |
| Posted: 28 Apr 2018 08:04 PM PDT At the beginning of the year I started a business in hopes it would supplement my meager income from music. I registered the business in Washington D.C. (where I live), opened a business checking at a local bank and got to it. I recently took on a pro-bono client for whom I am fabricating a custom vehicle. For perfectly fine reasons I won't get into, the deadline on the project is in 2 weeks. In a moment of hurry the client decided it was best to expedite the project if I had the funds to just run with, rather than getting approval and them handling the money aspect of ordering parts etc. . . So they sent me a check made out to me personally for the full budget, which is more (by just a bit) than I have personally earned in a year, ever, and went to visit family. I realized that it would be best if the check was made out to my business after getting off the phone discussing this development and asked to have it made as such but was too late, the check was in the mail. I have the check and for the sake of the project need to make the funds liquid and get to it. Things I am aware/uncertain of. The check is for mid $30k If I deposit it into my business checking does the fact it is made out to me personally impact the forms and such that go into the process? How long is a typical hold on something like this? Is there anything I need to be very diligent about as I move forward? How do I make sure this doesn't completely devastate my personal and/or business tax situation? Am I missing anything? Thanks! [link] [comments]  |
| How much money should I save up before I get an apartment? Posted: 28 Apr 2018 06:12 PM PDT I am a 24 year old male who lives with my dad in Las Vegas. I also have a job where I make $8.25 an hour. Lately I have been wanting to move out but I am not so sure about how much I should save up before I do so. I am hoping I could rent an apartment that is around the $500-$700 price range per month. What other advice should I need to know before I move out on my own? Edit: Changed the price range for rent. [link] [comments]  |
| [House buying] We have a surplus of money per month. What % of that should go into a mortgage? Posted: 28 Apr 2018 06:07 PM PDT My wife and I want to buy a house. With everything in the r/personalfinance prime directive being satisfied, and filling out some mortgage calculators, and determining our monthly budget manually, we have approximately $4000 per month to spend on housing. Out of that $4000, what % of that should we use for housing? Thanks in advance. [link] [comments]  |
| Credit report is clean but credit score took a huge hit for non-existant delinquency? Posted: 28 Apr 2018 07:32 PM PDT I make a habit of periodically checking my credit report and it always comes back clean. I'm in the process of applying for mortgages and when they report my scores 2 of them, equifax and fico, the score comes back way lower than they should be, with a red flag for delinquency. However i have no deliquent accounts or late payments ever, and when i check the reports there are no negative marks and no accounts marked as deliquent. Has anyone ever delt with this and have any experience resolving it. I need to get it fixed asap. [link] [comments]  |
| Posted: 28 Apr 2018 02:54 PM PDT Where do I even start? Some people are telling me to go to my local credit union and others are saying to just talk to a realtor. (Currently do not have a current account with the credit union just a normal bank.) [link] [comments]  |
| Considering getting another credit card, might it be a good idea? Posted: 28 Apr 2018 05:09 PM PDT I currently hold a Mastercard with 1% cashback, no annual fees. I recently received a "prescreened" offer from AMEX for a Blue Cash Everyday Card, with much better cashback options than my current card (3% supermarkets, 2% gas, 1% everything else), no annual fees, and a $150 welcome bonus. My current credit score according to CreditKarma is 746, and I always pay in full every month. Background on my financial situation: Currently a grad student, living on a modest stipend, with at least 9 months of emergency funds saved up. No other loans, and no debt. With that in mind, might it be a good idea to take up the offer or just stay with my current card? If not, why not? Two things giving me pause is that it'll halve the average age of my credit and that I'm considering switching car insurance (which I have heard will check on your credit score, among other things). [link] [comments]  |
| Credit Karma didn't file my 2016 tax return and won't own up to it Posted: 28 Apr 2018 12:34 PM PDT I filed my return through Credit Karma last year and wanted to do the same this year. But for some reason when I submitted, I was told that the IRS had rejected it because the AGI from 2016 didn't match what they had on record. I filed an extension and requested a tax return transcript from the IRS. When it arrived in the mail yesterday, it said that there was no record of me filing a return for 2016. I've been going back and forth for days with Credit Karma since. Their "Member Support" only deals with you over email--there's no phone number listed anywhere. And so far, the people who have been responding to my emails only seem to tell me that I didn't file through them last year and evade my other questions. I went back through my inbox and, sure enough, I had received an email in April 2017 from Credit Karma confirming that I had submitted my 2016 return with them, but couldn't find any confirmation from the IRS itself. I probably should have noticed this, but I was insanely busy at the time. So apparently Credit Karma 1. told me that I had successfully filed my return with them, 2. didn't actually submit my return, 3. is now refusing to acknowledge this or actually help me with the problem. Has this happened to anyone else? What recourse do I have? I mean, I guess I'll just have to file this year and last year's taxes (luckily I didn't owe any money either year) through someone else. But, WTF, why can't Credit Karma just tell me what the hell happened and admit their mistake? [link] [comments]  |
| Up to my neck in delinquent debt, need help to dig myself out Posted: 28 Apr 2018 03:13 PM PDT I'm in desperate need of help. I'm up to my eyeballs in debt and don't know where to go from here. I know I've made some awful mistakes in the past, and I'm trying to right my wrongs and be responsible. I had 3 credit card accounts that have all been charged off and at least one is currently in collections. Two are with Capital One and one is (was?) with Credit One. Balances: Capital One #1: $6k Capital One #2: $4.6k Credit One: $700 (owned by a collections agency) Chrysler Capital: $21k (bought car 5 years ago for $26k) US Dept of Education Loans: $9.6k Cable Company: $700 Total debt: $45k, all delinquent except car, and at least one account is currently in collections. Additionally, I have multiple 30/60/90 days past due flags on my car loan. I currently make $2,600 a month. My credit score is around 470 (Credit Karma) and my budget is currently: Eating Out: $450 Groceries: $0 (I know, I know) Rent: $150 Phone: $40 Car Insurance: $250 Car Payment: $505 Car Maintenance: $150 Gas: $170 Smoke: $270 Child Support: $300 Personal Hygiene: $70 Misc: $100 Total: $2,455 a month Open Questions: Can I just have my car repossessed and buy a beater for under $3k or so? What should I do with my charged off credit card accounts? Which should I pay first? Do I have any additional financing options here? Loan sharks? Debt consolidation loan? Devil contracts? [link] [comments]  |
| How do I get back on the right path financially? Posted: 28 Apr 2018 03:12 PM PDT I'm 21 years old and I'm drowning in debt. I have 5 credit cards that I need to pay off and 1 bank that went negative for awhile and went to collections for like $400. My credit is tanking fast. I'm a fucking idiot. I hate myself. I keep getting angry at my parents when they ask me if I need help. I desperately do, but using their money feels so wrong because I know that they're not doing that great financially either. I have a job that guarantees at least 32 hours a week at $13.50/hr and I think I can get it all close to paid off in two years, but I'm not sure. Any debt repayment advice? I'm seriously at the end of my rope. I'm stressed out constantly and I don't know what to do. Am I fucked for life? [link] [comments]  |
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