Personal Finance am i part of a possible job scam? |
- am i part of a possible job scam?
- Hi! I'm 17 and just deposited a Check for a stranger and am terrified! Please read, I need advice.
- I was denied for a Capital One credit card. In their FCRA denial letter they cited my Transunion credit score being 766 as a reason despite it being 810. What should I do?
- If you’re curious what your lifetime spending total has been on Amazon, there’s an Order History Report function on your Accounts page.
- What's the best way to save emergency fund that can be accessed within a week.
- Offered Hourly Rate Keeps Going Down And Down, Am I Being Taken Advantage Of?
- A New Look on Emergency Funds
- what to do with a $100k piece of land gifted as early inheritance
- Changes coming to the Chase Sapphire Reserve perks?
- Wife is about to start graduate school - need a sanity check on our plan.
- Allocation for 401k
- im 17 and i just got 15k, what should i do?
- First time home buyer - Considering Buying Investment Property in different State
- Joint and Separate Bank Accounts: When one person makes significantly more than the other
- (US) can/should I just contribute 80% of my paycheck to my company 401k until I hit the cap?
- Sold my small business and now looking for advice
- Best way to spend/invest $25,000 in this situation?
- 2x salary life insurance or $50,000
- A few questions about buying a Home.
- GDPR and Finances
- $150k in student loans, $50k in savings, $2,050 a month available
- Which credit cards accept a lower credit score?
- How quickly should I pay back my student loan?
- Underpaid at work - per job post for subordinate position
| am i part of a possible job scam? Posted: 08 May 2018 08:06 AM PDT So recently I applied for a "junior administrative assistant" position at a consulting firm. The job allows you to work from home, and make about 2 grand a month, working part time. So at first I thought it sounded a little fishy and was a little skeptical moving forward. I received an email saying they would like to have a phone interview and asked me to answer some quick questions (these questions were innocent just like "can you work the desired hours"). After I answered these questions, they replied with their email, phone number, address and website which all seemed to check out. The website had both the email I was communicating through, phone number I would receive the call on, and their listing on the Better business bureau. I just finished the phone interview which was more of them instructing me on what I would be doing and my next step is a background check which they just emailed me and asked me for my driver's license ID number, I have not replied but from past experience this seems relatively innocent and what to provide for a proper background check. Thank you to anyone in advanced. I am kinda desperate for a job so this position seemed golden, and a lot of it seems legit, I still have kinda a hunch just because it almost seems too good to be true. EDIT: This is the official email from them, please note I removed the name of the individual who emailed me, but not the company: Our company has received your resume/application for employment in response to our add on Indeed. We would like to note that your resume has been reviewed by our HR staff. Now in order for us to move ahead in our selection process, we would like to have a One-On-One phone interview and proceed with the hiring process online. Sparks Consulting company is offering you the position of Junior Administrative Assistant. We are very pleased to hear that you are interested in finding out more about our company and our job offer. My name is X and I am the Human Resources Coordinator at Sparks Consulting. Job Overview: Junior Administrative Assistant Employment Type:Regular, Part-Time, Home Based Job Type: Admin – Clerical HOURS: Flexible, Part time START DATE: Hiring this month Salary: Your compensation package includes a monthly payroll of $2000 payable on a fixed date, health insurance, vacation and personal days through our company's employee benefit plan.You will also receive your bonuses daily upon the full completion of the tasks given. Bonuses will be earned daily for completing all assignments on time. The total pay range for this position is 23800 - 31200 USD per year. Daily duties: Perform clerical and administrative duties to ensure effective and efficient operation of company. Prompt and courteous customer service. Provide general administrative assistance to all staff within your team. Filing, scanning and copying Processing orders and running all daily reports. Other duties as required. In order to be successful with these opportunities you will need the following qualities: Excellent attention to detail. Writing and communication skills. Flexibility. Can-do attitude. Problem solving skills. Ability to work under pressure and meet deadlines with minimum supervision. Solutions orientated. As discussed you will be responsible for the administrative support function with our customers based in your city. You will report directly to me and your Phone Manager and your normal working hours are expected to be 9.00am to 1.00pm Monday to Friday or we can arrange a flexible schedule. Your starting date will be set by the end of your hiring process. There is a specific training program to undergo. You do not need a university degree to apply for this job. High school diploma is sufficient enough. However, you need a knowledge of basic PC program packs like Microsoft Office & Word and also you must be familiar with Internet and E-mail services. Now, we have a few questions for you and if you answer them with answers that suit our needs then you may consider yourself as a successful candidate! 1) Do you have an instant access to your e-mail and your phone everyday? 2) How many days a month you are leaving your town? 3) Are you able to go out of your house and move within your area completing daily tasks during business hours? 4) Could you get 3-4 hours of free time daily during normal business hours (Monday - Friday) ? 5) Who was your most recent employer and what did that job entail? (Briefly describe your recent job role/experience?) EDIT AGAIN: after posting the name of the company and website, people were able to confirm that the images used were stock photos (they did seem a little odd to me when I looked at them). Thank you to everyone who helped out! [link] [comments]  |
| Hi! I'm 17 and just deposited a Check for a stranger and am terrified! Please read, I need advice. Posted: 08 May 2018 02:11 PM PDT As above, I'm a 17 y/o male and have a heart beating out of my chest, I'm honestly crying as I am posting this. I deposited the check for a stranger for 1000 dollars, and my bank only allowed a 1/5th fraction to be processed. Me being the "nice dumb ass" I am, I helped the person out and gave them the 200, they agreed to meet me later. This was earlier today, and to reiterate, I'm terrified. Should I ask my parents for help, I am extremely scared and would really appreciate some sort of guidance. EDIT: Thank you for all the input everyone. EDIT #2: Again thank you for the help everyone. I've recuperated and told my parents about the situation. My mother was extremley toxic(nothing out of the norm), but my father scolded me, but ultimately helped me out of my rut. I contacted the bank and so did he, it seems as if all is well for now. I hope to be a member of the sub and set myself up so not only this doesn't happen again, but I prosper. Again, thank you everyone. [link] [comments]  |
| Posted: 08 May 2018 07:30 AM PDT The title says it all. I applied for a Capital One Venture Rewards Credit Card for having a "766 credit score" on Transunion despite the real Transunion score being 810 (per CreditKarma and Chase). They also said I have opened too many accounts in the last 2 years but I have only opened 4... Is this a good grounds for an appeal? I'm not sure what happened here. [link] [comments]  |
| Posted: 08 May 2018 08:59 AM PDT A handy guide: https://www.howtogeek.com/292918/how-to-see-how-much-youve-spent-on-amazon/ Since my account is older than 2006, and I kept getting processing failures when I tried to fetch from 2006 onward, I had to set the start date as "1/1/2007" The summation can be easily calculated once the data output is imported into a spreadsheet program like Excel or its free equivalent alternative. I thought this would be pretty helpful for us heavy Amazon shoppers to be periodically aware of and track on a year to year basis. [link] [comments]  |
| What's the best way to save emergency fund that can be accessed within a week. Posted: 08 May 2018 06:09 AM PDT I have a little more than $20k that is sitting in a savings account that i do not need immediately but want it to be accessible with in a week or so. I already max out my 401k and an IRA upto the allowed amount. So my question is, what is the best way to invest that money so it makes me some money untill i need it? [link] [comments]  |
| Offered Hourly Rate Keeps Going Down And Down, Am I Being Taken Advantage Of? Posted: 08 May 2018 06:33 PM PDT I apologize if this is a dumber question than usual, as it's just for my part-time job over the summer. So here's a brief summary. I applied online for a position at a local hotel's spa for a position with no listed rate. It asked me on the application what my minimally acceptable rate would be, and I answered $11/hour. Get an interview, really crush it, and at the end the boss asked me what I would accept as an hourly rate. Say that I had been making $11 at my past job (only looking for a new one because I moved states), so as long as I don't go backwards I'm fine. The boss says they have to ask a superior to approve the hourly rate, but asks me "if the superior only lets me hire for $10, would you be okay with that?". I said if I'm offered any less than 11 I would likely look for options elsewhere. They say okay; they'll ask for $11, and they schedule a meeting with HR the next week. FF to today, meeting with boss again, no HR yet. Meet the other employees, tour the place, more small talk, meet with direct supervisor, things go well. At the end of my time there I meet with the boss again, and they say "The position really starts at $9.50, so if you want to start now, you'll have to take that. Otherwise, I'll have to ask the GM to approve a higher starting rate, and that could take multiple weeks. What would you like to do?" I'm not a very shrewd negotiator, but I just felt really taken advantage of, like this tactic probably worked on lots of younger adults applying for the position. I ended up saying "you know, since we discussed the rate of $11 last time, and because it was offered, I would rather have you ask the GM for a rate increase rather than accept anything less than $11." Boss said okay, they'll ask, and the meeting was promptly over. So my question is, is this normal? Am I being taken advantage of? How can I apply and interview in a way that doesn't let employers back out of their previous offers in the future? I really do want a part time job, but I don't want one bad enough to go backwards $1.50 in pay. I'm honestly not super in need of the $.50-$1.50 more an hour, but it felt extremely shitty to have something offered to me and then taken off the table. I doubt I'll ever hear back from them. [link] [comments]  |
| Posted: 08 May 2018 05:06 PM PDT Okay, so I've noticed there's this trend on this sub regarding emergency funds. The idea of investing all your money in the markets, but liquid investments, allows you to earn maximum interest and earnings with your fund, while you can put any emergency on a CC, have 30 days zero interest, sell your equities, pay off the debt, and reap the CC points. I'm not going to lie, this is a great idea in certain cases, and I've done similar actions for small scale emergencies. I think the issue lies in that most people commenting with this advice haven't actually experienced a natural disaster or catastrophic emergency. The majority of people commenting "invest everything, go on CC debt, then sell equities, YOLO" haven't seen long lines at a grocery store in a first world country, they haven't seen their neighborhood under water, destroyed by earthquakes, or scorched by a storm. In a real catastrophe, hard goods, canned food, potable water, and medicine turns scarce, stores price gouge and ATMs have been emptied, or ransacked. You very likely don't have Internet or access to loans, since all the banks are down due to said disaster. Fences are knocked down, wild animals and dogs roam around, and may bite you. If you get an infection, or allergic reaction you'll be at the mercy of whatever hospital you can find, and may have to pay people to take you to the hospital safely, away from potential looters and criminals. These are real events that happened in New Orleans, Houston, and Puerto Rico, and having cash and emergency supplies was well worth any negligible interest you may earn by maxing out every dollar you own. Plus, for the ones concerned about losing interest. With cash aside, you'll be able to buy into market corrections. I propose a new way of looking at the emergency fund: include emergency supplies to pull you out of a disaster. Yes, you will lose some possible interest from not investing your EF, but you will have mobility and freedom in a disaster zone. In medicine, they say an ounce of prevention is worth a pound of cure, and the same applies insuring yourself against risks: a little preparation, is worth the cost of the insured, and may save your life. [link] [comments]  |
| what to do with a $100k piece of land gifted as early inheritance Posted: 08 May 2018 06:46 PM PDT So I was given a piece of land worth around 100k as an early inheritance. My question is: what am I looking at in taxes if I sell it and try to put most of that money into some other form of investments?.... this is in Utah [link] [comments]  |
| Changes coming to the Chase Sapphire Reserve perks? Posted: 08 May 2018 08:01 AM PDT I was looking up some older posts on here because I wanted to get my second credit card. My girlfriend and I use Airbnb a lot and liked to fly 4-6 times a year but now with my new job it will likely be twice a year(RIP unlimited vacations). I was considering the Chase Sapphire Reserve the perks were so appealing but then I saw this article. What do you guys think? Is it still worth it? Sorry I forgot it's behind a pay wall, thank you /u/658741239 for pasting the article. According to a leaked internal document, the company is eliminating price protection, limiting the number of guests cardholders can take to a Priority Pass airport lounge, and removing accelerated earning on travel purchases that go toward the annual $300 travel credit. The changes are set to take place August 26. Changes are coming later this year to the wildly popular Chase Sapphire Reserve credit card, cutting the value of some of its perks. Details started to trickle out online Friday from customers who had heard the company was planning reductions to three of the premium travel card's benefits. An internal document leaked over the weekend on the website Doctor of Creditdetailed the looming changes:
A Chase spokesman confirmed the authenticity of the document, which says that customers will be notified this month and that the changes will go into effect August 26. "We are always evaluating our products to offer the right mix of rewards, benefits, and experiences that provide the most value to our customers — and those they tell us they value most," the company said in a statement to Business Insider. Check out the document below: JPMorgan Chase Why reduce the benefits? The Sapphire Reserve's popularity has soared since it launched in 2016 with a package of outlandishly generous travel rewards. But its profitability has come into question, with some analysts estimating the card won't be profitable for several years. At its investor day earlier this year, JPMorgan said it lost $900 million last year from "card headwinds," which it attributed to the Sapphire Reserve and "other notable items," according to a company presentation. But JPMorgan also disclosed that the card had cleared a crucial hurdle, with 90% of Sapphire Reserve cardholders renewing and ponying up for the $450 annual fee. It said it expected headwinds to reverse this year. "These Sapphire Reserve customers ... are not only profitable as a single product relationship, but they are an extremely attractive base into which we will deepen," CFO Marianne Lake said during the presentation. "And we are seeing an impressive more than 90% renewal rate for these cards." Given the enthusiasm and positive messaging from Chase, why devalue the benefits? It's unclear what prompted the changes, or how much money Chase stands to save from them. They're not without industry precedent, however. Priority Pass lounges have become saturated with visitors since cards like the Sapphire Reserve — as well as the American Express Platinum and the Citi Prestige — granted complimentary access, according to a recent report from The Wall Street Journal. American Express and Citi do not offer unlimited Priority Pass guest access like the Sapphire Reserve, so the change is in keeping with competitors in the premium-credit-card space. Eliminating price protection could amount to considerable savings for Chase, given that customers could receive up to $2,500 in refunds out of Chase's pocket annually. Again, it's unclear how many people took advantage of this perk or how much it was costing Chase, but the change comes amid the emergence of apps like Earny and Sift that automatically track purchases and file refund claims on your behalf, streamlining and simplifying the process. Chase previously said it would eliminate price protection and return protection for its co-branded credit cards with United Airlines. Citi reduced its price-protection policy earlier this year but didn't eliminate it. [link] [comments]  |
| Wife is about to start graduate school - need a sanity check on our plan. Posted: 08 May 2018 07:03 PM PDT Hey guys! First a little about us
We expect the total tuition for three years of Graduate school io be $55,000. She's going to school for Social Work so once she graduates she'll probably be making around $45,000 - 50,000 a year (at least that seems to be the average in our city). The plan that I'm thinking of doing.
So that's my general plan to handle this debt, if all goes according to plan it would be a few months of rigorous saving followed by 2 years of moderate saving. Is there anything I'm missing? Perhaps something that I hadn't thought of? Thank you! [link] [comments]  |
| Posted: 08 May 2018 04:37 PM PDT I apologize that slight variations of this question get asked a lot! Is there any reason not to move 401k funds from a target date fund, BTC 2050 J (ER 0.07%), into a mix of State Street S&P 500 Index (ER 0.023%) and SS US Bond Index C (ER 0.052%)? Thank you. [link] [comments]  |
| im 17 and i just got 15k, what should i do? Posted: 08 May 2018 07:39 PM PDT Hey guys, I've been a lurker on here for a while now, but now I've decided to post. Recently my Great grandmother passed away and I'm going to inherit about 15k after taxes. I need your help to figure out what I should do. I'm thinking about just putting it in a Mutual Fund for 10 years so I can eventually use it as a down payment on a house. Any other suggestions? I'm really trying not to go Blow it all on a Focus St lol [link] [comments]  |
| First time home buyer - Considering Buying Investment Property in different State Posted: 08 May 2018 04:45 PM PDT Hello! My fiancé and I cannot afford a house in the current area/City that we live in. However, while we like living here for now we don't plan on living here long term. Houses in my hometown are cheap and within budget for us to purchase today. We did the numbers and can afford our current rent plus the mortgage on a cheap home. We are considering buying a house in my hometown and renting it out until we decide to move there and start a family. What are the potential pitfalls of purchasing an investment home as a first time home buyer? Is this a terrible idea to invest in a home in a different state? ETA: Combined salaries are $180k and the House we're looking at is 190k. ETA updated ballpark price [link] [comments]  |
| Joint and Separate Bank Accounts: When one person makes significantly more than the other Posted: 08 May 2018 02:31 PM PDT First time poster here, and not sure if this belongs somewhere better. Just let me know. I'm graduating college this week with a degree in Engineering and a job that will be paying me significantly more than my fiance is getting paid now. We have been dating for almost 7 years, engaged since December, and will be getting married in a little over a year. He is definitely a spender (with some debt from dumb decisions), and I am definitely a saver (with debt from student loads, but a great credit score). We talk openly about money and debt, and he is aware of his habits so he is trying to be better. However, I still get worried sometimes. We have a joint account right now for the wedding fund, but I'm not sure what to do once we merge all of our money together. I think the best thing for us is to have a joint account for shared expenses (rent, groceries, etc.) and have separate accounts for spending on luxury things. Is it better to deposit our paychecks into our separate accounts, and then transfer money for bills and savings into the joint? Or deposit our paychecks into the joint and then move the spending money into our separate accounts? For the separate accounts, I hear that some people do a percentage, while other do a fixed amount. Is there any way to go about this from a financial aspect? If not, what works for couples, and why? [link] [comments]  |
| (US) can/should I just contribute 80% of my paycheck to my company 401k until I hit the cap? Posted: 08 May 2018 04:05 AM PDT The reason I would want to do this is I may not work there much more than a quarter of the year. The fees are pretty low, so I think it is a good deal even though I won't get vested. [link] [comments]  |
| Sold my small business and now looking for advice Posted: 08 May 2018 08:09 AM PDT I recently sold my small business and would love critiques on my financial plan now that the dust has settled. Personal Stats I am/have:
Salary Employed now as a consultant with the firm I sold my company to, I make $150K/yearly gross with expenses around $45K/yearly. I enjoy my work and feel like I'd get bored without it (and don't have too many hobbies anyways). Holdings I own a condo worth about $850K that is completely paid off. I have about $100K in a 401K and $10K in a Roth IRA, both by Vanguard in VTSAX. I have about $6M in a taxable brokerage by Vanguard and I'm following this plan:
What am I missing here? Any advice for me? [link] [comments]  |
| Best way to spend/invest $25,000 in this situation? Posted: 08 May 2018 04:31 PM PDT I have inherited $25,000 and am trying to figure out the most effective approach to using the money. What's the best course of action in my situation, given below circumstances?
Thoughts? [link] [comments]  |
| 2x salary life insurance or $50,000 Posted: 08 May 2018 06:45 AM PDT I'm starting a new job and my employer said I'm automatically enrolled at 2x salary at no cost to me. The value of life insurance over $50,000 is taxable. I can make a one time choice to reduce life insurance coverage to 50k but I cannot change it again while I'm employed for this company. Not sure which one to pick based on I'm taxed for anything over 50k. Live in CT 30 y.o. Single Healthy male 2x salary = 140k [link] [comments]  |
| A few questions about buying a Home. Posted: 08 May 2018 05:56 PM PDT Hi all. So as the Title says I am looking to purchase a new home. My wife and I are both enlisted in the USAF and are planning on using one of your VA home loans for this purchase. My wife is currently deployed and we are planning on making the purchase for when she gets back. We will be saving lots of money during her deployment and paying off most of our debts. I will go over what debts we have as of today.
This is what most of our debts consist of. We have an income of roughly 5000 together and both put 200$ into a retirement account.
We plan on paying off the Taxes, bed and credit cards before she gets back. We will also be dumping more than 500ish into our savings. My big questions. Should we pay off ALL debts before going to start looking/applying for mortgages? A VA loan doesn't let us do a down payment and make the closing costs a little more strict what other fee's should I be worried about? Is 5000 dollars in savings enough to feel safe after the home purchase? Her credit score is 754 and mine is 690. Please if there is any other things I should know let me know! Thank you for helping me so much with all my questions. [link] [comments]  |
| Posted: 08 May 2018 03:59 PM PDT For those of you out of the loop, the General Data Protection Regulation goes live on May 25, 2018. This requires companies to explicitly get consent in order to collect your data and allows you to ask a company to delete your data. Starting on May 25, 2018, you can also ask the credit bureaus to delete your information if you don't want to be a part of the next data breach since you're an EU citizen and additionally if you're getting calls from collection companies, you can ask them to delete you since you never consented to your data being collected. This message brought to you by the EU, making your life more fun every day of the year. [link] [comments]  |
| $150k in student loans, $50k in savings, $2,050 a month available Posted: 08 May 2018 06:52 PM PDT I have $150k in student loans and just graduated. With my wife and my's salaries, we will have $2,050 per month to put towards the loans while being able to pay our bills and be reasonably comfortable. At $2,050 a month, it will take 7.5 years to pay the loans off. I want to knock them out sooner and get them off our back. We currently put $500 a month into savings that could be put towards loans. Alternatively, we could keep putting 500 in savings and use some of our current cash to pay down some of the balance. We are saving up for a down payment for a house, so we can't just deplete all of our savings. What is the best way to pay these off quickly, while still being able to save up for a house down payment? EDIT: Below is a breakdown of the debt: $40,995 at 7.89% in discover private loans $5,600 at 5% Perkins loan $7,722 at 6.8% KHEEA loan $37,934 at 6-6.8% in federal Stafford loans $24,600 at 4.29-4.66% in federal Stafford loans $28,091 at 3.4-3.86% in federal Stafford loans [link] [comments]  |
| Which credit cards accept a lower credit score? Posted: 08 May 2018 03:38 PM PDT Is there anything that would give me at least a $750 limit? I'm desperate and it's an emergency at this point. [link] [comments]  |
| How quickly should I pay back my student loan? Posted: 08 May 2018 08:10 PM PDT Given the inflation rate and potential payoffs from investment, should I pay back my student loan as quickly as I make the money back? I have a loan of $20,500 at 6% interest. I have already accrued $454 in interest that I must pay back. I will be earning approximately $50,000 per year starting in August. Thanks for any help you can provide! [link] [comments]  |
| Underpaid at work - per job post for subordinate position Posted: 08 May 2018 06:11 PM PDT Hello! I have a question that requires some tact I may not personally have. I work as a project manager, one of three in the company, and am managing the second most projects out of our group. I was promoted from assistant project manager to full project manager in January, and given a raise from $48,000 p/y (plus bonus opportunities) to $52,000 p/y. I went from managing one small project to 11. I also went from working 8-9 hours a day to anywhere from 10-12. In my mind, that nearly negates the raise. I am only 24 but have been working here for 2 and a half years. Anyways, I was looking at job postings on Indeed. I noticed a recent post by my company for an assistant project manager position with a pay range of $42,000-$53,000 p/y. I understand that it is the upper range of pay, but the fact that I could technically be making less, or close to as much, as someone I would be training is rather frustrating. So, my question is: - Are the extra hours and job posting worth bringing up to negotiate a raise, and will it be difficult to explain away the fact that I was browsing job postings in order to notice this? OR - Should I drop it and keep looking elsewhere Any help would be much appreciated, especially from any of you in a hiring position. [link] [comments]  |
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