Personal Finance Someone cleaned out my bank account without my debit card |
- Someone cleaned out my bank account without my debit card
- Young people, question your parents financial guidance
- How to be upper-middle class without being stupid? New job tripled my income and I only know how to be poor.
- My co-worker (higher position) is considering offering me a “partnership” in his Amazon affiliate program. He’s using all the tactics of an MLM. What’s he trying to do?
- Help me design the personal finance lesson we all wish we got in high school!
- Medical debt sent to collections in my name. The thing is, at the time, I was a minor at 16 and under my parents care. Do I have any options to get this off my credit report?
- Need to make an extra $75 to $100 a week working online.
- How to leave home with $20k
- Why do hard inquiries cause a negative impact to your credit score?
- Hopefully someone here can help me understand the Central States Pension Fund crisis.
- Umbrella Insurance
- Moving to Milwaukee for 3 years - rent, or buy house to rent out after leaving?
- Finished PhD, start faculty job in July, no income between now and then. What to do?
- 19 year old turning 20 and don’t know what to do.
- Best Virtual Debit Card for Masking Real Debit Card #'s
- Tax Write Off Help
- 20 year old with 20k savings, not sure what to do with it
- Buying Discount Points on a Mortgage
- How does this make any sense at all? I switched to State Farm in 2014 and got a great rate. Same year, got a point on my license. Rate went up. Ok. 3+ years later, the point is gone, but insurance went up more. Why? Shouldn't my rate go down again?
- trying to get first apartment with cosigner?
- Experimenting with allowance system
- Should I let my parents move in without a lease?
- Holding same funds in Roth IRA and outside tax sheltered accounts?
- Considering selling my car and buying a new one in hopes of having a lower monthly rate and to invest in a car that will last longer than the one I currently own. Good idea?
| Someone cleaned out my bank account without my debit card Posted: 05 May 2018 02:18 AM PDT I got back from work today and decided to check my finances, only to see that my checkings was in the negative around $1300, as I usually keep the balance there pretty low . I figured it was a glitch but then clicked to see multiple pending withdrawals -$109.75 -$394.97 -$49.00 -$297.00 -$80.00 -$341.33 This has never happened before. I scrambled for my wallet to see that my debit card was still in there as it always is. The last time I used it was inside a Kwik Stop ten days ago. The only other places I used it this year are Whole Foods and CVS. 99% of my purchases go to credit. I hit the dispute feature on my statement but an hour later the charges cleared and then immediately pulled all the funds from my savings (I had around $1300 there). I purposely kept my checkings balance low in case anything like this were to happen because I figured the majority of my money would be safe in my savings, I guess I was wrong. I've been with this credit union for 5 years with no problem until now. I have no clue how they authorized multiple large withdrawals which seemed to have been made on the other side of the country (Im on the East Coast). What are the odds of getting reimbursed? [link] [comments]  |
| Young people, question your parents financial guidance Posted: 05 May 2018 10:56 AM PDT For some of us our parents can be a strong influence in our lives. A recent convo allowed me to realize just how misguided I was financially and the conflict within it created. Question their financial advice every step of the way. Do your best to not let a desire to please them cause you to make poor decisions. Attending the wrong college, taking on a major they prefer, spending habits, credit cards it goes on and on. Early into my professional career my father suggested I use a bonus to buy a boat. I wanted one, the idea of having one to take him out when he visited, connect when I needed repair advice was tempting. Instead that money was used as a down payment for a rental property. Last night we were talking and I could see more clearly the conflicts their advice would create within when I was growing up. I told him my plans to sell a car I barely use. It's worth $17k and it's a depreciating asset. To him it's a future classic that's sure to go up in value. I felt fortunate to see this now, but as a young adult this would have created a large internal conflict. The day I realized my parents gave poor financial advice stung a little, it sucked seeing my siblings and I making bad decisions from their guidance. It was also liberating as I knew I had to be aware, educate myself and seek advice elsewhere. Their intentions were good, but not helpful. I hope this can be helpful, the guilt I'd feel when not following their advice was very hard for me at first. Now I see their hearts in the right place, but I must educate myself and be true to my plan. [link] [comments]  |
| Posted: 05 May 2018 12:53 PM PDT Hi guys/girls! I just got a job offer that will increase my household income from ~30k/yr to over 100k/yr. I was hoping for some some advice to help determine where to save my money and how to live a responsible lifestyle. We got a small inheritance last year that we put away in a Roth IRA and a Vanguard, besides that we've been living month-to-month. I just have two questions:
Details: -I'm 24 and my wife is 21, and we both work in the software dev industry. -We have 1k total student debt, graduated. -About to take a 15k car loan -We've got 7k in a Vanguard for emergencies, and have had two Roth IRA's for a year and maxed out each them out last year (5.5k each). -I don't have anything in a 401k yet, and my new job doesn't offer a 401k match (not sure if they offer 401k at all?). -Our monthly budget puts us at around 4k for monthly expenses. Any advice would be helpful :) Thanks! [link] [comments]  |
| Posted: 05 May 2018 01:52 AM PDT Hi everyone, My co-worker discovered that I'm fairly driven, occupationally, based on the work that I told him I do outside of my office job. He then told me briefly during a water cooler conversation that he makes income through something like the Amazon affiliate program (it may not be with Amazon; he may have just been using this as an example, as he wouldn't clarify further). He invited me for coffee to talk about his mentor, Robert Kiyosaki's The Business of the 21st Century, goal setting, career stagnation, passive income, and other topics you would expect in a MLM invitation. I asked him specifIcally to tell me more about his Amazon affiliate business and he let it slip that he intends to offer a "partnership" if he feels I meet his criteria, personality-wise. He made no mention of an "entrance fee." He left me with a video to watch. He said I need to read the book he gave me (Kiyosaki's) and watch the video before the next meeting. He's fairly senior at my company so I don't know if this is legitimate or not. All I know is he's not handing out invitations left and right. If this is an MLM program, I haven't heard of it before. Does anyone know what he's actually doing with the whole "affiliate links on a blog" thing? That's what I'm primarily curious about. Thank you! [link] [comments]  |
| Help me design the personal finance lesson we all wish we got in high school! Posted: 05 May 2018 06:28 AM PDT Hello /r/personalfinance! I am a 12th grade literature teacher who has been tasked with planning a personal finance lesson for the graduating seniors at my school. My students are super rad and super interested in learning about finances, but up to now have not gotten a lot of instruction on the subject. I have a decent working knowledge of finances, mostly informed by frequenting this subreddit, but I would love to hear any ideas that you wise folks have to offer! Help me help my students avoid debt and underfunded retirement and other bad stuff! [link] [comments]  |
| Posted: 05 May 2018 02:33 PM PDT First off, I'm in the United States in Tennessee if that matters. I have been lurking in this sub for a long time, so I have learned quite a bit and also have taken personal finance classes. When I finally turned 18, I decided I wanted to get a secured credit card and check my credit reports and start building credit so I could be a bit ahead of the curve. [link] [comments]  |
| Need to make an extra $75 to $100 a week working online. Posted: 05 May 2018 06:56 PM PDT Work From Home position search - USA. Wife wants to stay home to take care of me when I am having problems from time to time; I am disabled. My wife has just been laid off as a Customer Service Agent from Amazon Logistics due to not enough calls for the staff they have. She is not eligible to be rehired by any Amazon unit for 90 days. We need her to earn $300 - $400 a month to be able to meet our monthly bills. Can you name some places that she might be able to find remote work? She has a little bit of experience with Web Design and knows social media pretty well. Her computer equipment is first rate and she can type about 55 words per minute. She has already applied to Smith.ai, U-Haul, Enterprise and Support.com and is waiting to hear back from all of these companies at present. [link] [comments]  |
| Posted: 05 May 2018 02:31 PM PDT This will be short and to the point. My home life in unhealthy and I (20F) don't feel safe here. I haven't for several years but thought it was getting better, today prove otherwise after my dad cut my shirt off of me and smacked me down to the floor because my shirt was too revealing to be worn to pick up pine cones in my yard. My mom expects me to apologize. I have very few possession of my own, all I have is $20K saved in the bank. My job pays decent ($18/hr) but I'll be going back to school in September for the third year of my four year program and my parents currently pay most of my tuition. I'm wondering if it's feasible to leave home and live on my own with how little I have of my own. Does anyone have any advise on how to start a life with $20k? My phone bill is $60/month and tuition will be $7K per year for two more years but I can get OSAP to extend the pay period. Thank you in advance, it's greatly appreciated. [link] [comments]  |
| Why do hard inquiries cause a negative impact to your credit score? Posted: 05 May 2018 07:43 PM PDT If the inquiry is mainly just to allow for a creditor to estimate your credit worthiness, why does it cause negative impact to your score just because they've performed a check? [link] [comments]  |
| Hopefully someone here can help me understand the Central States Pension Fund crisis. Posted: 05 May 2018 07:43 PM PDT Just as it states, I'm a union member with 2 years vested into the pension fund. I got a letter stating by 2025 the Pension fund will be empty. For various reasons. I'm not a smart person, so even reading the letter (which is just a printed version of their website) doesn't make sense to me. As they state, they're reaching out to congress to fund some pension insurance program. Hopefully someone on Reddit could give me a quick ELI5 on this situation as I'm not sure what it even means other than I'm screwed. [link] [comments]  |
| Posted: 05 May 2018 04:54 PM PDT I currently rent out of a home and I have auto/renters insurance. However it occurred to me that I should get Umbrella Insurance as well just in case something bad happens. I'm currently get my insurance through Geico. Should I get umbrella insurance from them or go with someone else? Anyone have any recommendations for umbrella insurance in general? BTW, I have an LLC for commercial property as well. Any recommendations for umbrella insurance for commercial property? [link] [comments]  |
| Moving to Milwaukee for 3 years - rent, or buy house to rent out after leaving? Posted: 05 May 2018 06:58 PM PDT My wife and I are around 30 and currently live in a major metro area, in a house with about 8 years left on a 15 year mortgage. We are dual income, combined about $145k, with one kid and one on the way. For work, we will be moving to Milwaukee for 3 years. We plan on renting out the house in the area we are in now (market is very favorable to us, we will end up making a little money each month because our mortgage interest is very low). We have good credit, good family support, and some decent savings. The question: Should we just rent for the three years in Wisconsin? Or should we buy a house, with the plan to keep it indefinitely and rent it out after we leave? We plan on living in a neighborhood near the University of Wisconsin, so I imagine there is decent demand for rentals (from students if nobody else). [link] [comments]  |
| Finished PhD, start faculty job in July, no income between now and then. What to do? Posted: 05 May 2018 06:52 PM PDT Hi, I just finished my PhD (wooo!) and was fortunate enough to get a job as a professor. My official start date is July 1, though I won't get my first paycheck until the end of the month. My annual income is $120k, and that first paycheck will be something like ~$20k. As good as that sounds, I can't really get a job between now and then. In order to get tenure, I really need to work on my research as much as possible before the start of the semester this fall. I have about $2k in the bank right now and about $10k in credit card debt, amassed while basically borrowing from myself while I was on the academic job market. I'm not worried about the credit card debt because I'm single and moving to a cheap market, so should be able to pay it off in a month or two after I start getting paid. My main concern is actually just making sure I have as much time as possible to do my research over the summer. Beyond going into additional credit card debt, are there any obvious options? I don't qualify for unemployment, right? I could get a cash advance? Unless there's some brilliant alternative that I'm missing, I will probably move into my parents basement for June and July. I'd really rather not, however, as that's not a great environment for my research. [link] [comments]  |
| 19 year old turning 20 and don’t know what to do. Posted: 05 May 2018 06:24 PM PDT As the title states, I am a 19 year old in AZ that is only 1 year out of high school and is in a dilemma. Firstly, I have a full time job making $28,000 a year plus bonus and benefits. I currently have money in stocks, crypto, roth, 401k, and about $3,000 in savings. I would like to eventually go to college full time for computer science and achieve my bachelors.I should be able to save up enough money for a year of tuition for college by this fall semester, but this is where the dilemma comes in. My job does not offer part time to my knowledge, so going to college full time I believe either way i'd have to quit this job, especially with my schedule. I calculated that If I do go to college for this fall semester I'd have just enough money to pay for tuition and only have a approximate amount of around $1,000 left to support myself. This is where I can add that I currently live at home and have no monthly expenses other than typical expenses like gas, food, clothes, and etc. The other option would be to enroll into college in January with the same plan just with more money left in my savings and my investments. Or option 3. Option 3 would be to stick with this job for another year and to enroll into college in next years fall semester with a lot more money in savings, investments, more money for the next years tuition, and possibly a newer used car which is much needed, because my current car will probably only last up until the end of this year. I'm asking for your guys advice on what would be the best and smartest option for me, any feedback would be much appreciated! Thanks. Edit: I forgot to mention, I started my credit at the beginning of this year and my credit karma app shows me at a score above 700, but won't let me see my FICO because my credit history isn't old enough. [link] [comments]  |
| Best Virtual Debit Card for Masking Real Debit Card #'s Posted: 05 May 2018 08:14 PM PDT I've been using Privacy and although I love it, I'm looking for a virtual debit card that links just to my debit card number and not to my actual checking account. Using for online payments and preferably allows the ability to use multiple debit cards. Any help would be appreciated! [link] [comments]  |
| Posted: 05 May 2018 07:54 PM PDT A few questions about itemizations on my taxes: Can I write off a pair of Nikes for health cost if they're ONLY used for running? Let's say I take my friend out to dinner and pay for their meal, can I write it off as a gift? Can I write off tips I give to waiters as a gift? [link] [comments]  |
| 20 year old with 20k savings, not sure what to do with it Posted: 05 May 2018 07:46 PM PDT Hello, I'm 20 years old with around ~20k savings and would like to hear what you guys think is the best to do with that money. I have no debts, and I have ~2k in crypto that I grew from 1k. Other than that, I just have 20k in savings, which I feel like is a complete waste, as I could be growing it further. I don't want to put any more into crypto, as it's way too risky. Any guidance would be much appreciated! Edit: I should mention that I still have a year left of school, and my school pays for my housing, food, etc. [link] [comments]  |
| Buying Discount Points on a Mortgage Posted: 05 May 2018 05:19 PM PDT Shopping around for mortgages right now, got this offer from one company on discount points. Curious on people's thoughts. I'm leaning towards just 1 point, the next two have diminishing returns I feel like [link] [comments]  |
| Posted: 05 May 2018 07:30 PM PDT I was insured with Geico on my family's plan from the time I was a teenager. It was decent, no problems, rate kept climbing was the only thumbs down, but that's typical. Fast forward about 10 years: I got married, and my husband and his family were on State Farm. They said I should switch to State Farm with them because they had a loyalty discount. I talked to the agent, and got a rate of about $60 per month. Great. Unfortunately, about 4 months later, in all of my good years of driving, I got one of those damned red light tickets from a traffic light camera. I freaked out and dumbly ended up paying it. (I should have contested/done traffic school, but again, I made a dumb choice I can't erase.) Right after that, my insurance went up to about $85 per month. They said the Good Driver discount was no longer applicable. And that was that. I kept with that insurance for the 3 years that one point stays on your license. And then, recently, I realized the point was probably gone now! But right around the time I realized that, I saw my insurance shoot up another $10. $95? The hell? I called my agent and I called the insurance customer service line to get explanations. NONE of them could explain the math to me. Apparently the discount was back on, but this year, insurance rates in my state were raised. But I'm still unclear on the math. So, basically, even if I wouldn't have gotten a point on my license, in 3 years, insurance would have gone up THIRTY to FOURTY dollars? That makes zero sense to me. Is that even typical? What's the story here? How can I get this rate to go down even a little? How do I play hardball with these guys? I even checked out Geico's rates, and Geico said they could get me a similar policy for $50 per month. I told the State Farm insurance agent that, and they basically were like, 'Well, let us know when you want to switch, and we'll close the account.' No attempt to negotiate. TL;DR Insurance rates went up after I got a point on my license from a red light traffic camera, because apparently one of my discounts wasn't applicable anymore. I waited for the point to get off my license. Instead of my rate going down, though, it went up $10 more dollars, apparently because of state rate hikes. But supposedly, the discount was re-applied. What is this nonsense? [link] [comments]  |
| trying to get first apartment with cosigner? Posted: 05 May 2018 05:15 PM PDT im 19 and planning to move in june, i found the perfect apartment in my area, we toured it and really love it. i have no credit but my grandmother (raised me) is willing to cosign since i am giving her the first 3 months of rent. i'm worried about the application, because including myself we have 3 roommates and combined we make more than 3x the rent, but i dont really understand how to put that on an application? also my co-signers credit is good but she isnt sure if they will approve her because she has several things shes currently financing (car, dental payment, and a small loan) advice pls idk what the fuck im doing lol [link] [comments]  |
| Experimenting with allowance system Posted: 05 May 2018 07:22 PM PDT My wife and I are 24 and 25 years old respectively. I'm making 100k and she's in law school. Although we're making good progress with saving for retirement and paying down law school we suck at one integral piece of personal finance - sticking to a budget. We're lazy and hate to keep track of things. It's very easy to say we each have an $xxx annual budget for clothing but if no one is keeping track of the running total of expenses than the budget doesn't serve any purpose. Acknowledging this, at the beginning of this year we instituted an allowance system that encompasses fun/clothing/out-to-eat spending. Basically we each have a weekly allowance for a slush fund that we can choose to spend on whatever. By keeping separate checking accounts it's easy to keep track of how much we can spend without having to pore over receipts and track down what we have spent in the past. There was an immediate change in our behavior when we switched from spending the family's money (which felt abstract) to spending our individual money (which felt tangible). Instead of buying $15 bottles of wine with the family credit car I bought $8 bottles. And my wife is buying fewer pairs of shoes. Result after 4 months - I'm drinking less than before, bought a guitar, my wife is happy and we're spending within our means. The allowance system was a solid way to force us to stick with the budget, reevaluate what we really want and also felt fair. [link] [comments]  |
| Should I let my parents move in without a lease? Posted: 05 May 2018 12:34 PM PDT EDIT: I told them no! :) They are fine with it. Whew. We own a small apartment building and live in one of the units. My parents sold their house unexpectedly and don't know where they'll be living. They could move in with us, in one of our apartments. They don't want to sign a lease because they have ideas about how they'd like to have their place of residence in a no income tax state. But they don't seem to want to tell me how long they'd want to live here. They are offended that we'd ask them to sign a lease. I'm offended that they won't sign one. Who's right? They would be paying rent, theoretically speaking, and we have both agreed on the amount. [link] [comments]  |
| Holding same funds in Roth IRA and outside tax sheltered accounts? Posted: 05 May 2018 07:11 PM PDT In determine which index funds/ETFs to select for my Roth IRA, I am very risk tolerant. I do hold a number of Banguard index funds outside of a retirement account, and while these funds would be perfectly suited for a Roth, I am not sure if I should hold the same funds in my Roth since I already have them outside. I have the Vanguard Total Stock Market Index as one of my main funds being held outside retirement, and obviously I want the tax benefits of the Roth; would it be suitable to use this in the tax shelter account as well? I am also big on small cap growth funds for my retirement portfolio and desire a good ETF. [link] [comments]  |
| Posted: 05 May 2018 03:01 PM PDT I currently own a 2013 Ford Focus hatchback. I owe $8k on it. Bluebook values my car around $9k and some change. My thought is if I can get slightly more than book says for it, maybe I can pay off my car, and use the rest towards a down payment and buy a car that will last me, while having a lower monthly payment. I bought my current car brand new when I was 22 years old. I didn't have much of a down payment and no credit so I received a horrible interest rate. My original monthly payment was around $350/month for 5 years. Since then I have refinanced and consolidated some debt and my payments are now around $310/month. My current car has 64k miles on it and runs great, I'm just worried it will start having problems in the next few years and not be worth much. So in conclusion I'm hoping I can sell my current car for $10k+, pay off my car, and use the rest towards a newer car(thinking my price range would be around $18k-$20k) max in order to have a car that will last me a long time and cost me around $250 or less a month. I know that it depends on how much my down payment is and I think I would try to do atleast 3k depending on what my car sells for. Is this a bad idea? [link] [comments]  |
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