Personal Finance CNBC: A $523 monthly payment is the new standard for car buyers |
- CNBC: A $523 monthly payment is the new standard for car buyers
- Your 401k is not a checking account.
- UPDATE: I'm a victim of credit card fraud. Scammers had merchandise shipped to me so the bank says the charge is valid.
- I just found out I’ll be fired in a few weeks
- What are the hidden costs of owning a POOL?
- My Dad gave me 10,000 dollars and a debit card as a gift after my birthday
- Equifax Operates Another Credit Bureau, and You Can't Freeze Your Report Online
- Company erroneously filed a 1099-MISC against me. Company is now bankrupt and not responding to phone/email. What more should I be doing?
- Recently orphaned 18 year old in need of financial advice.
- Taxes on vehicle sale with profit?
- Chase Bank insists a fraudulent charge was made by me because my card has a chip
- First time apartment shopping,need help!
- Recent windfall
- Is it too soon to ask for a raise?
- Negotiating salary with dream job
- Pay student loan early or save for retirement
- Mental health taking its toll with ever growing Bills
- Left high paying job and entered college with a ton of debt and no money saved.
- Becoming a permanent resident soon. Trying to get a better understanding of the American thinking toward financial planning. How late am I?
- [FL]Received a collection notice for toll's that are not mine.
- I'm 24yo working in Thailand, what should I do to get more money outside my current desk job.
- My wife has had her mortgage since before we were married, but now she’s a stay at home mom. Can I get added to the loan? If so, should I?
- Best college savings fund for child in California?
| CNBC: A $523 monthly payment is the new standard for car buyers Posted: 31 May 2018 05:59 AM PDT https://www.cnbc.com/2018/05/31/a-523-monthly-payment-is-the-new-standard-for-car-buyers.html Sorry for the formatting, on mobile. Saw this article and thought I would put this up as a PSA since there are a lot of auto loan posts on here. This is sad to see as the "new standard." [link] [comments]  |
| Your 401k is not a checking account. Posted: 31 May 2018 03:59 PM PDT I work as a call center rep at a record keeper, and the vast majority of unhappy participants I speak with thought they could get money out more easily than they can, and are unsettled to learn that in the absolute best circumstances getting money takes one week or longer. Sometimes much longer. Sometimes it takes a ton of paperwork and processing fees too. Sometimes you can't get money out period, short of quitting/retiring, and even then you might not get a penny for a while! You are at the mercy of IRS regulations, of the provisions set up by your employer (which can change relatively abruptly), and of the processing times/competency of the processing team at the record keeper. Even with great teams, withdrawals and loans from retirement accounts can be complicated, involving lengthy review processes, and mistakes/delays happen. I'm sure this post has been made before but I needed to get it off my chest. Please, for your own sake, only put money into an employer sponsored retirement 401k/403b/457 that you are comfortable not seeing again until you are ready to retire. Life happens, nothing is certain and if you do have to tap into it sooner hopefully the money is available and reaches you quickly... but don't count on it! [link] [comments]  |
| Posted: 31 May 2018 07:59 AM PDT Someone suggested e-mailing an executive at the bank and that was spot on. I got responses over the weekend. First that they were looking into it, then a message apologizing for the experience saying that I'll be credited and someone from his team will follow up with me. In the meantime the chargeback response documents came in the mail. The text on the supporting documents is tiny and mostly illegible. The envelope they arrived in has a handwritten address, so I don't think this can be attributed to an unsupervised print queue that was machine stuffed. I can make out that the gist of PayPal's response is that the items were shipped to my address. I did get a call from the executive office this morning. The rep was polite and apologetic. She said that it doesn't look like the fraud team did the normal followup that is expected in a case like this. She said that the credits issued are permanent, and I will not be re-billed. They also refunded the annual fee. I mentioned that the docs I received in the mail weren't legible. She brought them up and said that they just say the items were shipped to me, and it shouldn't have been considered reason enough to re-bill since they already knew that. I asked what to do with the shoes. She said I could try to work out a return with PayPal, but regardless of the outcome, I won't be billed. I will still probably file a CFPB complaint against PayPal since they have been impossible to deal with. [link] [comments]  |
| I just found out I’ll be fired in a few weeks Posted: 31 May 2018 03:31 PM PDT So, i am not sure where to post this. But here goes. I was looking through the schedule binder at work this morning. I work a retail job and I opened the store by myself. In the schedule in a few weeks time there's a sticky note that says the date that I will turn in my key to the district manager. This is extremely disconcerting and does not look good. There is no reason I'd turn in my key unless I was being termed. I have another job right now at a golf course driving a beverage cart. It is a tipped position and I make okay money. I can ask for more hours there while I look for another second job. Before this situation I had two secure part time jobs. I live in an area where housing is expensive. I will be paying $500 for rent very soon and I'm saving up for an apartment deposit, altogether $750. Im very stressed because I need the hours this job gives me. I don't know why I'm being fired. I've watched them term people for what appears to be no reason before. This company is pretty unethical in its business and social practices, plays favorites, and management is pretty corrupt. I think someone decided they didn't like me somewhere up the lines maybe and it's just coming back down the pipes to bite me in the ass. Either way, I don't think they plan on giving me notice or reason, based on the way they've fired others and the way they appear to be handling it now. I'm pretty nervous. The question is- do I walk out before they fire me? Quit? Not show up for my last shift when I know I'll be let go? I don't know if it's better to quit or let them fire me. I'm certain I could get another job very easily and quickly. Thank you reddit [link] [comments]  |
| What are the hidden costs of owning a POOL? Posted: 31 May 2018 03:47 PM PDT Looking at purchasing a house with a pool (Phoenix, AZ) and want to know about how much extra I'll be paying a month for pool maintenance? Tell me everything! Pros and Cons of having a pool guy come to your house. How much do chemicals and treatments cost you? Electricity? Water usage? Pool pump breaks? It already has a fence, so that's one less thing we have to purchase. Thank you PF! [link] [comments]  |
| My Dad gave me 10,000 dollars and a debit card as a gift after my birthday Posted: 31 May 2018 03:05 PM PDT After my 18th birthday in Feb my dad entrusted me with 10,000 split between two savings accounts and signed me up for a debit card. I want to know if there is anything I should do with this money to plan ahead. Quick summary of myself and my lifestyle. Just started a busboy job at a local restaurant that provides good pay. (about 30 dollars a shift in tips alone sometimes more). All living expenses are covered by parents. I do not have my own car but my parents have two and I am free to use either whenever I need. I am frugal and all of my purchases are thought about intensely before done. The only "constant' spending is purchasing fitness supplements and the occasional videogame. Thanks to anyone in advance. [link] [comments]  |
| Equifax Operates Another Credit Bureau, and You Can't Freeze Your Report Online Posted: 31 May 2018 05:53 AM PDT Equifax Operates Another Credit Bureau, and You Can't Freeze Your Report Online anyone successful in getting a report from NCTUE? [link] [comments]  |
| Posted: 31 May 2018 06:02 PM PDT IRS sent me a letter stating I'd under-reported my income in 2016. Surprise, a company I've never worked for filed a 1099-MISC on me, and that company filed for bankruptcy early this year. I've contacted the IRS and got the company's "current" mailing address and sent a letter via registered mail stating how the 1099-MISC is erroneous and asking them to file a corrected 1099-MISC for $0 of compensation. Once I get the registered-mail receipt back, I'll then CC the IRS as a formal response to their underpayment letter. Anybody know what happens when the bankrupt company takes no action to rectify this? Is there any other method to prove the negative that I didn't get compensation from them? The added tax burden amounts to ~$1600, so, I'm loath to hire a lawyer to actually fight this since I figure I'd be just as well off to pay the IRS and wash my hands of it. [link] [comments]  |
| Recently orphaned 18 year old in need of financial advice. Posted: 31 May 2018 07:43 PM PDT So I'm an 18 year old college student in the North East US. I'm double majoring in applied and pure mathematics and I go to my local state school and I get paid to go here because of scholarships. I lost my father when I was 5 and I recently lost my mother and paternal grandmother in a car accident so I guess I am technically an orphan now. So now it is just me, my 15 year old sister, and my 4 year old half brother. I'm trying to hold strong for them, but honestly I just feel broken. I always thought I was a smart kid, but nothing could have prepared me for this. So regarding finances, I was left a decent amount of money and property. My father was an only child so when he passed away, my grandmother decided to give everything to my sister and I. From my grandmother, I received her home in my home country which is worth a decent amount, a decent amount of money, along with numerous other homes and apartments, mainly in Europe,. My mother left us the house we currently live in and the my childhood home from when my father was alive. I want to try to keep my personal life as similar as possible, though I will likely take less credits and graduate in a year and a half rather than 1 year so I can be home when my siblings get home from school. So what I want to know is, how do I set up these assets so that they can help my siblings in the future? Neither of them know about the extent of the assets we received. One time my sister asked if we will lose electricity and get kicked out of our home so I told her that won't be an issue, but that is all she knows. I'm worried that she will begin to slack off in high school if she finds out. She is very bright and I want her to be able to go to whatever university she wants and not have to go to a state school like I did to save money. Another question I have is regarding what I should do with my grandmother's home. It has been in my family for generations so I would feel terrible just selling it or even renting it out. It is also in an impoverished country with a high crime rate and without good universities so I wouldn't want to live there. So I'm not sure what to do really. This might not be the place to ask this, but I'm also concerned about how I can raise my little brother. I know that people will say that I'm just 18 and I should let some family raise him, but I just can't do that. His father's family is terrible and abusive while my surviving family isn't any better. I love my brother to bits and am willing to do anything to make his life as amazing as possible. Sorry for the poorly constructed sentences. I wrote this post quickly on my phone and I'm kind of a wreck right now. [link] [comments]  |
| Taxes on vehicle sale with profit? Posted: 31 May 2018 08:10 PM PDT About a decade ago my mother in law purchased a summer cabin at a local camp ground. It's essentially a trailer on a lot. As far as I know this is considered a vehicle and not a real estate property. She paid 16k cash for it. She signed the title for it over to my wife in a $0 transaction a few years ago. We no longer use it and have a buyer lined up to pay us 20k. I'd like to understand what the tax liability is on this so we file properly and are not hit with a bill we're not expecting. My guess is we'd owe taxes on the profit (4k), but I'm spit balling here. It's also possible we'd owe on the full 20k since she and I technically never paid for it and it is, to us, 100% profit. For what it's worth our joint annual income is in the 200k range. I'm guessing that number will have an impact on percentages. If there is any other information I need to supply that would help with an answer I'm happy to provide it. Thank you. Edit: Forgot the detail about MiL purchasing it and giving it to my wife. I'm guessing that'll make a difference. [link] [comments]  |
| Chase Bank insists a fraudulent charge was made by me because my card has a chip Posted: 31 May 2018 07:07 AM PDT Hi everyone! Sorry if this is a common problem but I've never not been believed when a fraudulent charge has been made. My credit card number has only been stolen once or twice before. On April 16th I used my chip embedded, Chase Freedom card for the first time in about five months. I made a small purchase at a craft store. The next day, a $79 charge was made at a Walgreens about eighty miles away from my city and I called Chase as soon as I saw the charge (I receive text alerts each time that card is used). I confirmed I did not make the purchase and that the card was with me. The $79 charge was removed and I received a new card a few days later. On Tuesday I received a letter from Chase dated 5/17, saying "A review showed that your card is protected with an embedded EMV chip, which ensures that your actual card was used to access your account. The purchase(s) we reviewed was made with your card at a functioning chip-enabled reader. "Because you confirmed that the card was still in your possession and not lost or stolen when you contacted us, we are not yet able to conclude that this was fraudulent activity. "If you have more information to support your claim, please call me directly at 1-855-xxx-xxxx (it's probably silly to hide the phone number but I will just in case) extension xxxxxxx, within 14 days of 5/17/18. I'm here Monday through Friday, from 8:00 a.m. to 4:30 p.p. Eastern Time. "While we're reviewing your claim, we have issued temporary credit(s) to your account for the purchase(s). If we don't receive new information from you within 14 days of 05/17/2018, we will finish our review and share our final results with you." Since I opened the letter after hours I called the general Fraud line, and the rep told me that since I have a chip card and confirmed I had the card on me at the time of purchase it must have been me. I insisted that it was not me, I was eighty miles away, and I have a time sheet from work saying so. She then provided an email address to send my time sheet to and I sent it yesterday, 5/30. I also called the rep who sent me the letter and left a voicemail yesterday. Today he called me back. He asked if the purchase made on April 16th was me, I confirmed it was. He then read off the purchase made at the Walgreens on April 17th: a 99 cent water and two Apple gift cards. I immediately said "gift cards are purchased with stolen credit cards all the time," because they are! I also explained that I was at work, eighty miles away, and it would have been physically impossible for me to make that purchase. I asked if he knew anything about the time sheet I sent yesterday, which he did not. He said that since my card has a chip and I had the card, it must have been me who made the purchase and they're going to put the charge back on my account. I told him that I don't know how the purchase was made but, again, it would have been physically impossible for me to have done so. His supervisor is going to call me back in 1-2 business days, and I emailed my time sheet to his supervisor. I want to be prepared when I speak to this person. Does anyone know if clones of chip cards can be made? Has anyone experienced a similar situation? The first person I spoke to on the phone did say the card was swiped, but the letter says the card was used at a functioning chip-enabled reader. Also, how else can I prove to them that I didn't make the purchases? Thank you for reading and thanks in advance for any help! TL;DR: Chase bank doesn't believe the fraudulent charge on my chip enabled credit card wasn't me. I was at least eighty miles away at the time of the charge and can't even remember the last time I used that specific credit card at a Walgreens. *Edit: As recommended by a couple people, I found Location Services information on my phone showing I was at work six minutes before the purchase was made (the location circle is very small, so I probably walked to another building in the area at that time) and sent it to the supervisor. Surely that will help. *Edit 2: I called the police department for the city the Walgreens is in, who transferred me to that county's police department, who told me to call my city's police department, who told me to file a report online with my county's sheriff's department. I have a temporary report number for now and should be issued a case number in a few days. I think that's all I can do for now. Thank you so much for the help, everyone! *Edit 3: A Fraud Department supervisor called me to say my documents have been received and will be forwarded to the Disputes Department, who will get back to me within ten business days. The fact that it's been moved to Disputes is a good sign, I think. [link] [comments]  |
| First time apartment shopping,need help! Posted: 31 May 2018 08:34 PM PDT Hi, some details before I start: I'm in the USA. My current internship pays me $22/hr and I will most likely work 45hr/week I am looking for a 1br apartment at a 3 month lease this summer. Okay, so I have never rented an apartment and am forced to do so for this internship. I have been looking around at apartments and it is very rare that I find a good complex that also offers leases at 3 months. Also, those that i have found are exorbitantly expensive due to the short term lease agreements (ranging from $1000/mo to $1500/mo). I have found one at $700/month but it is not in what looks like a safe area and I am reluctant to sign a lease here. Furthermore, none of these apartments are furnished so I will have to lease some furniture (I just need a bed and table) and costs for internet and power are not included (I am thinking both of these shouldn't exceed about $120/month). Also, all of these complexes charge app fees and admin fees which total to about $200 and I am reluctant to apply now because what if I get rejected, will my app fee go down the drain? With my current pay I can afford these apartments but I will have very little money saved up at the end of the internship. Also, I have been looking at local craigslist and Airbnbs and haven't found anything reasonable that I can stay at for 3 months. My only other option is for me to stay at an extended stay motel which costs me about $1200 a month. My question is: is it worth it to shell out the extra money and possibly spend half of my summer paycheck on just housing related costs just so I can live comfortably, or should I bite the bullet and go cheap here? Also, are there any other "hidden" costs I should be aware of when leasing an apartment or just living alone in general. [link] [comments]  |
| Posted: 31 May 2018 08:21 PM PDT I need some advice. Throwaway account just because. I recently inherited $50k. Currently have ~$5000 CC debt, ~$30,000 student loan debt with one year left, and I lease my car, but have the option to buy for ~$10,000. I'm absolutely paying off the CC debt, but I'm unsure how to allocate the rest. I'd like to eliminate my car payment. My car is reliable and very low miles, but I'm not sure if it's the right move. I'd also like to keep as much of this money as possible. I have a Roth IRA with literally like $20 in it that I just opened as well. Monthly expenses otherwise: Rent and utilities: ~$500 Insurance: $250 Miscellaneous: ~$400 Income: Part time at $17.90/hour, so it varies. Any guidance? [link] [comments]  |
| Is it too soon to ask for a raise? Posted: 31 May 2018 06:29 PM PDT I've been working at the same company for 2.5 years now. I was originally hired as a contractor before getting on-boarded as an actual employee 7 months ago. Recently, my manager took a promotion and our department has been without an in-house leader since. A lot of my former manager's duties have been delegated to myself and my co-workers. In particular, I have been asked to do a lot of things that are outside of my job scope. I have taken on the new tasks and felt I've performed above average. With all the additional tasks and workload I've found being delegated to me, is it alright to ask for a raise? I have only been employed in this department for 7 months and I love my job. I would have to go to my former manager's boss to request more money. I don't want him to think I don't appreciate the job I have, but I also want to feel like my extra effort is being recognized. [link] [comments]  |
| Negotiating salary with dream job Posted: 31 May 2018 06:23 PM PDT Hello PF, I am in the middle of interviewing for a position that would be my dream job. I have been told they want me to come in for an in person and then likely one more round following that. My question is, provided I do get the job, how do I go about negotiating salary without risking the offer? The recruiter told me the range was between 95-110k and I am really hoping to get above 100k. My current thinking is if they do offer and it is below 100k I would say something along the lines of "I am so grateful for the offer and I am accepting regardless, but if you are able I was hoping to get above the 100k mark. If not I am happy to accept the offer put forward and I can't wait to start." I am hoping this approach will be the best chances without risking them pulling back the offer. Any advice? [link] [comments]  |
| Pay student loan early or save for retirement Posted: 31 May 2018 11:21 AM PDT Student Loan (400k) is 4.125% (3.8% with autopay) over 7 years. I anticipate having at least 11k extra out of my 300k income at end of year. I max out my 401k and my wife's 401k, and I am putting 20k a year into series I bonds to build an emergency fund. Does it make more sense to just throw this at the loan or invest in a traditional IRA (no tax break for me) that I backdoor into a Roth, and stick it in Total Stock Market Index. I read through the sidebar materials, but it gets vague when we are at this interest level. [link] [comments]  |
| Mental health taking its toll with ever growing Bills Posted: 31 May 2018 10:43 AM PDT Hi there I'm a veterinary student in the UK living in a house of five and suffering anxiety depression disorder so, immediately, I'm on edge at the best of times really. I have upcoming exams, I have placements to organise and drive to and I have full control of our houses Bills and receive split payments from everyone month by month as required. Lately npower have been increasing our debit amount despite the initial amount being way inflated over what it should be- £600 charge over four months despite the fact we only went £200 maximum- we started on a sub-£100 tariff and in July they're raising it to just below £200 per month for the household. This combined with fuel prices, my American Express card and generally the stress of life In general is demoralising me and honestly I'm getting some voices telling me some dark stuff today. I want to know if there's a possible way to negotiate with npower and some advice hopefully for how to better manage a household and the bills.. I'm 23, unable to get a job due to my university course swallowing all of my time and above that, my mental health keeps me nice and crippled most of the time. I hope this is the right sub for this and that you guys can help Cheers Reddit [link] [comments]  |
| Left high paying job and entered college with a ton of debt and no money saved. Posted: 31 May 2018 06:31 PM PDT I need some advice - I haven't been worried about money in a long time, but now it's kinda daunting... Used to make 60k salary and had no plans on changing my life style so I got into some debt figuring I'd pay it off, no problem. Long story short, I'm going back to school and am working part time at the same company for $25 /hr with super flexible schedule (10-35 hrs a week). Here's my current situation:
I am willing to sell my car and motorcycle, but the only reason I haven't yet is because getting out of a lease after only 1 year is super rough, and driving is one of my favorite things in life, so I'm a bit stubborn. Also, the motorcycle helps cut down on chewing through my car lease miles and saves gas... Though, I'm less attached to my bike than my car - just haven't been sure if selling it is really worth it or not. Alright, with all that out of the way - I need some guidance. I don't know where to begin... Transitioning from my previous life style to student life is stressing me out. I don't think I can afford my current situation, if I plan to save some money and pay for school... Please please please help. [link] [comments]  |
| Posted: 31 May 2018 05:32 AM PDT I don't even know where to start. I'm working on H1B visa right now but should be getting my green card this year. I'm 30 and I've been working in the US for almost 4 years now. I'm from a different country where we don't have 401k so I never took time to look into it because I thought that I'd just go back home upon visa expiration and might as well find a better use to my money. Now that I have a chance to stay, I decided to reconsider my spending and planning and start investing into my future. Right now I'm taking home about 3k every month and barely saving anything because I travel a lot. At this point I have 3k on my savings account. My credit score history is based on a paid off car loan and a credit card with no outstanding balance. My average expenses are: $750 rent $65 internet $30 utilities $130 car insurance $100 food (i prefer to cook) but I've been going out to eat a lot lately so in the last 3-4 months this number has been much higher. I have a few questions:
Thank you all in advance! [link] [comments]  |
| [FL]Received a collection notice for toll's that are not mine. Posted: 31 May 2018 04:45 AM PDT So I received 1 collection notice for a toll that was not mine. In the collection notice it says that the toll is for a license plate number that used to belong to me 11 years ago. I called up the toll authority (Which is a maddening process in itself) to ask them what this was all about. And they told me that they sent me to collections because I never paid the bill that I was mailed. I told them I never received the bill, and asked them for a copy. They sent me one, and the mailing address they used for an address I used to live at 15 years ago. So of course I never got this bill. They showed me a very blurry photo of the plate going though a toll and the plate number certainly looks like it matches a plate number that I used to have. However the car itself is not visible in the picture. They (the toll authority) is adamant that this is my license plate and that this bill is my responsibility. I also logged into their online toll system and had a look, and it looks like there are roughly 25 to 30 more unpaid tolls all from last month that are all going to come my way as well. I called the DMV and asked them for help, and asked them if they could erase or somehow decouple that plate # from my name from their database permanently. They told me they could not, and to take up the problem with the toll authority. It takes 1/2 an hour just to get through to somebody at the toll authority and when you actually get ahold of somebody they don't give a shit one way or the other and they simply say pay the bill or we send you to collections plus notify the DMV so I can not renew my license. This is in FL if it matters. What do I do here, contact the attorney general or go to court? [link] [comments]  |
| I'm 24yo working in Thailand, what should I do to get more money outside my current desk job. Posted: 31 May 2018 08:25 PM PDT Greetings r/personalfinance! I'm 24yo male working as Japanese sales assistance in Thailand. making $2.5/hour ($780 a month) right now I have . I have listed my monthly expense as you can see below. $780 SALARY from the above list, it left me with around $55-60, Which could be my saving if I don't have something else to spend money on something else like repair cost in general. Should I start working on something else outside my current job. or should I cut something off the list? Any advise or guidance would be greatly appreciated. thank you [link] [comments]  |
| Posted: 31 May 2018 08:37 AM PDT My wife and I are worried that they will re-assess our finances and see that my wife is no longer working and see that I do not have a very established credit (FICO of 660 and a relatively new credit history). Would they refuse to add me or hike up our payments? How does this work? Edit: I'm trying to build credit so that I'm a few years we can move into a larger home off of my credit and income. We're hoping that this would help make that easier. [link] [comments]  |
| Best college savings fund for child in California? Posted: 31 May 2018 07:58 PM PDT I live in California and have a 1 year old child. I'd like to set aside money for a college investment account. I did some basic research and most signs seem to point to opening a 529. However from what I can gather the cons are: - Not tax deductible in CA - If she chooses not to go to college there's no real benefit - Performance of the market over the next 17 years are not guaranteed to have strong returns Given this, should I be considering another type of account for her? Thanks for any insights. [link] [comments]  |
| You are subscribed to email updates from Personal Finance. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment