Personal Finance How much should you budget for a cat? |
- How much should you budget for a cat?
- Parents are both in the hospital
- In need of guidance. It's bad. (35yo, massive debt, dead end job)
- Savings account with Ally or Goldman Sachs Marcus?
- I use a credit card on small things, $150 max normally. I pay them off a week later. Repeat. Am I doing this right?
- What is the difference between buying shares of a Vanguard ETF through an account at Vanguard.com vs through a third party investment account?
- Obsession with saving money, need advice on how to balance this
- Drowning in Student Loan Debt
- 30 years old, minimal savings, minimal 401K, just received $20,000, where should it go? How Can I better my financial status?
- I make $60k. Work matches 50% of my contribution up to $5,000. Is it dumb if I don't contribute the 17% to get the $5,000?
- Will US debt affect applying for a work visa in the U.K.?
- -Capital One just reduced my credit card line of credit by 10K (July 2018). I called them and they will not reinstate it. (I pay if off every month, no changes in income etc). Is anyone else seeing this? Concerned it will impact credit score.
- My ex left a gift
- My account was emptied by the California Franchise Tax Board. I am 17, and don't pay taxes yet.
- Caught between two universities and a massive fiscal decision-- please advise
- One of my student loans went to collections. I have no idea what to do next.
- Roth IRA Question
- Best way to utilize secured card, I think we’re doing it wrong.
- Grandma, Primerica and Municipal Bonds
- CapitalOne "upgraded" my card to Signature, then my APR increased
- Mother co-signed me on a credit card years ago and missed payments. 20 y/o with poor credit now despite never doing anything with it
- Closing a Credit Card
- How should I approach paying a relative's mortgage?
- Money Order Messed Up
| How much should you budget for a cat? Posted: 30 Jun 2018 04:02 PM PDT My in law's barn cat had kittens and said they're putting them up for adoption. I dont know how much I would have to budget monthly for them or how much initial shots and stuff costs. Also if you know of any other subreddit that could help that'd be appreciated. Edit: this makes it sound like I would be adopting multiple but it would only be one [link] [comments]  |
| Parents are both in the hospital Posted: 30 Jun 2018 11:56 AM PDT Hello. My father recently had a liver transplant at a big hospital in the northeast (American). My mother had been coordinating insurance and the like. He's been having a really hard time mentally, as confusion is apparently something that can happen. Last night after I got done visiting my father, I learned that my mother was admitted into the hospital on the same floor. Today the doctor told us she had stage four cancer. She works as a paraeducator and has really good insurance. I'm worried that she's going to lose it, and furthermore I'm not sure what steps I should take from here. Has anyone ever dealt with the possibility of losing both of your parents in quick succession? If anything, if my mother passes I'm not sure how to take care of my dad financially. I'm sorry if this is confusing, I'm still in a lot of shock. I've been busy going back and forth between the two rooms, but I'll update accordingly. For more information, I am 31, my brother is 33 and my sister is 28. I hope this doesn't sound too pathetic, I just don't have any real experience with insurance for something like this. I'm not sure what I should do about their bills for the house either. Thank you. [link] [comments]  |
| In need of guidance. It's bad. (35yo, massive debt, dead end job) Posted: 30 Jun 2018 01:43 PM PDT Guys, I need some serious help. I have been reading this sub for a while now and have tried multiple approaches, I just can't seem to get anywhere. I would appreciate if an outsider could look at my situation and see if there is anything I could be doing. Hopefully this is allowed. Here is my situation. I currently bring home about 35k, and thats with 5 years at my dead end job and child support (2kids). I have been applying for other jobs for years, I've had a few interviews but no luck. I have every kind of debt imaginable. I owe about 120k on my house, 9.5k on my car, 4k student loan, and 7k across two CC. My bills come to 1800 so that leaves 1000 for everything else and I use every bit of that and barely make it to the next paycheck. I currently have a huge cc bill I stopped paying years ago so depending on if they will settle or not, I may have to file bankruptcy. I have been avoiding it for years but honestly I wonder every day if I should have already?? Every day I have massive anxiety about what I should be doing. No one really knows how much trouble I am in, i've told some people but haven't gotten much solid advice besides to go ahead and do the BK but I just feel there could be a lot of negative consequences with that. I have very good credit despite all of the issues and my interest rates are mostly low, I try to get free balance transfer and 0%cc deals. I do have $1000 in my EF but I feel like i'll need that for the BK and then some which is why I am hesitant to pay more on my CC for now. I finally wrote everything on paper and now I feel like i'm stuck and despite all i've tried to read and learn I have no clue what i'm doing. I would appreciate if anyone has anything helpful to suggest, I'd even take the lectures. I am not really sure where i've gone wrong except for a lot of shitty life events. I have been strongly considering going back to school because my company will pay for it, if it is related to my job but I am nervous about that because I have a bachelor's degree right now and I feel like it's not even paying off. If I did go i'd have to do an online program and i'm worried it will just be another worthless piece of paper. Please anyone, i'm welcome to any suggestions on how to tackle this situation. [link] [comments]  |
| Savings account with Ally or Goldman Sachs Marcus? Posted: 30 Jun 2018 05:01 PM PDT Ally has 1.75% interest rate while Marcus has 1.8%, but Ally says they compound the interest daily. Marcus does not state this so does that mean they don't compound the interest daily? If the interest is compounded daily for Ally but not Marcus, does that make the savings account on Ally have a higher return than Marcus? [link] [comments]  |
| Posted: 30 Jun 2018 10:55 AM PDT My first credit card, afraid to screw up and barely even want to use it because I want to be triple sure I pay it off. I also pay it off a week later normally because I have the money to do that, so I do it ASAP. Can I do this my whole life and gain great credit? [link] [comments]  |
| Posted: 30 Jun 2018 05:23 PM PDT The question stems from my lack of knowledge on how to differentiate between the benefits of working with different brokerage platforms. I know that Robinhood advertises investing with zero fees. I am wondering whether that is the best place, then, to start an account and buy Vanguard S&P 500 ETF, or, if there is a benefit to purchasing it from the Vanguard website? Does Vanguard make you pay to buy their ETFs? Do both allow conversion to admiral shares when reaching 10k in value? Could there be any other difference in features? [link] [comments]  |
| Obsession with saving money, need advice on how to balance this Posted: 30 Jun 2018 06:48 AM PDT I feel like I have an unhealthy obsession with saving money, and I just wanted other people's opinions. I'm a 30 year old male in Ireland. So I work a low paying job and earn about €1,500/month. After necessary expenses for rent/food/bills, I'm usually left with €1000/month to do with as I want. But I don't touch any of it, I just hoard all my money and can't bring myself to spend any of it. It could possibly be that up until I got this job, I was unemployed for a few years, but I live the same way now as I did when I was unemployed, my spending habits haven't changed at all. I live very frugally. I don't mind spending money on other people for birthdays and Christmas, but I can't treat myself to anything. Even if I'm passing a bakery or something and think I'd like something nice, I see a sign that says €2 and I think "nah that's too expensive, I'll leave it". Or if it's raining, I'd rather walk in the rain than spend €2 on the bus. I bring my own cheap lunches into work whereas everybody else spends €10-15/day on lunches and coffees. I'm currently sitting at €50k savings and while I am very proud of this since my work colleagues only live paycheck to paycheck and save absolutely nothing at all, they're at least enjoying their money. They're going on holidays several times a year, buying lunches every single day, going for nights out a couple of times a week. I don't do anything except just look at the numbers in my bank account increase and I hate seeing it get any lower. I know if I spent €1k on something, it's not a big deal as I've have it all back within a few weeks again and I wouldn't even notice it going, but at the same time, I feel as if that €1k cost me a month of my life and is this item really worth a month's work. But then again, some people tell me to keep the savings up and in a few years, I can buy a house which is an opportunity that not a lot of people here have, at least not my co-workers anyway. But that's a long term goal, and I wonder if this long term goal should impact my current life so much. Anytime I do spend money, I feel guilty, even if it's only €200 that I know I'll have back within just a few days. I think I know this isn't normal, but if you were in my position and have €1,000 leftover every month, how much of that would you be happy saving and how much would you spend on unnecessary things like holidays or big purchases? I want to feel better about spending money but also don't want to feel like I'm wasting it or negatively affecting my future. Thanks for reading. [link] [comments]  |
| Posted: 30 Jun 2018 04:27 PM PDT Income: Annual Base: $75k Annual Bonus: $15k Additional income from second job: $18k I've made some poor decisions and stayed in school entirely too long, leaving my debts as follows: $115k Federal loan (consolidated a bunch into one at 5.8%. Currently on IBR at $460/month; this payment will go up significantly next year as it's currently based on last year's income of around 50k) $51k Navient/Sallie Mae loans at 9-12%, $860/month $35k Lawsuit judgement against me from a private student loan @ 9%, I am not currently making payments. Should I attempt to settle this? If so, what's a reasonable amount to offer? $13.5k Auto Loan @ 16%, $350/month $150/month insurance, $340/month rent, $200/month utilities. I've been maxing out my 401k (1500/month), but maybe that's unwise right now. No savings. Credit: Very Poor (580) My earning potential will continue to increase (probably 5-10% per year), possibly with similarly sized increases in my second job income. I'd love to consolidate my Navient loans, but I believe my credit is too poor. Any suggestions on how best to tackle this? [link] [comments]  |
| Posted: 30 Jun 2018 07:18 PM PDT 30 years old $1500 monthly income $500 mortgage 1 credit card paid in full every month Employer match 401K. I currently put in 4% and increase this by 1% each year. 680 credit score Only $3000 in savings Just received $20,000 inheritance Please advise on how I can best take care of myself both now and in the future. Where should the 20,000 go? Do I need more of a nest egg? Should it be put away for long term future? I will also need a new "used" car within the next 3 years. Currently my mortgage and 1 CC are my only lines of credit. I would appreciate any advice on how I can better my financial status. [link] [comments]  |
| Posted: 30 Jun 2018 05:16 AM PDT I could probably swing the 17%, but it would take a huge chunk out of our disposable income. It seems like nobody else at work contributes more than about 10%. I know I shouldn't be keeping up with them, but I'm just hesitant to drop so much into my 401k. Is it wise? Edit: Work contributes 50% up to $5,000. [link] [comments]  |
| Will US debt affect applying for a work visa in the U.K.? Posted: 30 Jun 2018 06:20 PM PDT Not sure if this is the best sub for this, so if I should ask elsewhere please direct me! How far into a person's financial history in the US will be looked at when applying for a tier 2 work visa in the U.K./London? Would there be anything financially that would prevent a Work visa being granted? Thanks in advance! [link] [comments]  |
| Posted: 30 Jun 2018 08:01 AM PDT |
| Posted: 30 Jun 2018 07:32 PM PDT My ex and I parted ways and he had left $80 in my savings account. When I asked him if he wanted it back he said to keep it. I'm not great with money, but would like to turn this negative energy gift into a positive one. I know it's not a lot, but what would you suggest I do to build it up? Thank everyone! Much love and light to you all ! [link] [comments]  |
| My account was emptied by the California Franchise Tax Board. I am 17, and don't pay taxes yet. Posted: 30 Jun 2018 04:14 PM PDT My account had around $290 in it, and then I got an alert saying my funds were on hold. I then go to the bank, and they tell me to wait until my transaction goes through. I wake up today, and my account has exactly $0.00 dollars in it, including a previous transaction of $4.62. I have tried to call the Tax Board, but they are not open until Monday. I am 17, and pay no taxes, so I don't understand why this is happening. It seems like fraudulent activity. Should I report this, wait until Monday, or was I actually charged a tax? [link] [comments]  |
| Caught between two universities and a massive fiscal decision-- please advise Posted: 30 Jun 2018 11:36 AM PDT I know this might seem like an issue for a different subreddit, but it's complicated and partially a financial decision. FYI: I am a male 18 year old. My parents started a government-managed education trust before I was born in order to ensure tuition was covered for an institution in-state, with my attendance of the University of Michigan being my main goal. My performance in high school matched their expectations, and for all intents and purposes I was prepared to dedicate myself to UofM (if accepted) soon after applying. Unfortunately, my application was deferred for early action, and during that time I received an offer from UTDallas that was extremely enticing. I was accepted to UTD (100-50 on the national rankings for my degree of choice), and they offered me a full ride for tuition, plus housing and cost of living stipends (as well as a hefty balance for studying abroad). After my deferral for U of M, I was wait-listed-- this was frustrating, as I had excellent standardized test performance, worked hard on my essays, and had a number of notable academic awards under my belt. Past this point, I had given up the possibility of attending U of M, demoralized by the endless stories of worthless wait-listing and the false hope it generates. I continued to prepare for attendance at UTD into june, and just yesterday received word that I had been accepted off of the waitlist. This was a surprise to my family and to me-- plus, so late into the summer, I had already made a number of plans for financial safety as I became a true adult. The MET (trust) contracts that were created by my parents could be terminated for full refund, and would be paid out on a year-by-year basis for four years; this amounted to roughly $63,000, and on top of a portion of the roughly $7k I had in my savings and checking accounts, I planned to use to establish a large retirement fund that I would invest in an index fund or the like (with a focus on steady growth and low-risk). I wasn't looking to "beat the market," or some nonsense, but having so much available capital at such an early age seems enticing, especially when I have so much time ahead of me-- that wealth, managed wisely, could provide me more than the increased value of U of M's degree over UTD's, and it's a bit of an ego thing. U of M was my dream school but I don't want my future defined by a poor choice at 18 fueled by hubris. Essentially, I'm left with the choice between UTD (#61 in US World and News for engineering) and about $70,000 in liquid capital, as well as a much more manageable cost of living, or UMich (which is ranked #4 in the same category as mentioned above), where my tuition would be covered by the aforementioned liquid capital, but cost of living would be uncovered. To me it seems like the choice between debt and a valuable degree versus no debt, plenty of money, and a less coveted degree. The issue is, I don't know how much more value could really quantifiably be derived from attending a school that I will have to pay for versus essentially free education. TL;DR: I can go to U of M and I'll have to pay, or I can go to UTDallas-- and on top of not having to pay, all of the money that would go to tuition costs would be available to me for use. I am extremely torn by this decision, and I'm trying to choose based on rational reasoning rather than mere dreams or aspirations I may have held on to in the past. Advice? [link] [comments]  |
| One of my student loans went to collections. I have no idea what to do next. Posted: 30 Jun 2018 06:33 PM PDT Background to my loans: During the past school year, my parents found out they were suddenly ineligible to take out the Parent PLUS loan when I was already in school- so I had to drop out at the semester, and I've had about $9,000 sitting in my college account since then. My university has called and emailed me plenty of times about my loan heading to collections if I don't pay it off. I've called and emailed them plenty of times, too, explaining my situation (unemployment) and hoping to get a few weeks more out of them while I try to get a job. I live in a very rural town, I don't have a car, and I have no parental support, so money/a job is hard to come by lately. I've also been making very small payments (less than $30) every so often when money comes by me. Today, I learned my loans were sent to Williams & Fudge for collections. I'm new when it comes to money (eg not knowing about the Parent PLUS loan...), but I'm learning. I know collections is a very bad thing, it impacts your credit very negatively, and in general, I should never have a loan in collections if at all possible. Now onto the question... what do I do? Should I take out a personal loan, a student loan, or just a LOAN with my bank (Wells Fargo)? Should I take one out with another bank? Should I let it sit in collections until I'm employed? Should I let it sit, then, once I get a job, apply for a personal loan? Will I even be allowed to take out a loan like that with another in collections already? For reference, the total amount I "need" is $9,202.42. I feel like the interest rate on any loan I can get from a bank is going to be a LOT better than the crazy fees and interest rates a collection company charges, not to mention the terrible credit reputation they give you. (I'm also aware that not paying on a loan from a bank will give me bad credit, but not nearly as bad). Right now, I have no credit, unless this collections thing has already taken damage on my score. I know "the plan is..." is hardly listened to here, but I am moving out of my town and in with a family member at the mid-end of July. I'm already applying and trying to interview at places so hopefully I'll be hired by then or at least by August. I have a few family members that will help support me, but definitely not $9,000 worth, and I'd rather not owe people I know personally that kind of money. Please help. I am so lost, confused, and frustrated, and this whole "collections" thing is scaring me to death. Edit: I forgot to mention, me living with a relative is going to be completely covered by my parents (for cost of groceries, toiletries, etc). So, 100% of my earned money is going to be sent towards that $9,000 that I owe. [link] [comments]  |
| Posted: 30 Jun 2018 03:31 PM PDT Hi guys, I'm starting a full time job out of college next week and I had a simple question about the Roth IRA. I understand that only earned income can go towards a Roth IRA. Does that mean I can only contribute to the Roth through a direct deposit to my IRA account from the employer, or am I able to transfer money myself directly from my checking/savings account to the IRA as long as I don't exceed my earnings or the $5500 contribution limit? Thanks for your help. [link] [comments]  |
| Best way to utilize secured card, I think we’re doing it wrong. Posted: 30 Jun 2018 07:37 PM PDT My wife and I got a capital one secured card a few months ago to start rebuilding our awful credit. It finally started reporting, her score went up 68 points, mine 40. We have been buying little stuff here and there just to show usage, but we usually pay it off within a few days of spending any money. I've read conflicting info on it and wanted to ask the pros, how should we balance our spending and payments to make the most of the card? [link] [comments]  |
| Grandma, Primerica and Municipal Bonds Posted: 30 Jun 2018 07:18 PM PDT My grandma is in a retirement home and my mom and aunt have power of attorney for her since she's had some strokes and was diagnosed with lewy body dimensia. We're expecting her to live around ~10 more years. She had about 120k in savings and my mom used my aunt's financial advisor to invest the money to help pay for her retirement home and eventually assisted living. They know better than to put it into stocks due to my grandma's short life expectancy and they don't want to leave it all in the savings account and miss out on interest. My aunt's Primerica advisor basically took a 2k fee upfront and put the remaining in a municipal bond fund. I don't know the actual expense ratio but he misled my parents into believing that they don't have to pay him anymore - but I'm 100% positive that's not true. He also said, after he was questioned about it, that sure he's totally a fiduciary. I have trouble believing that. I just found out about this whole thing I thought it sounded unbelievably bad. So I'm pretty sure municipal bonds are a bad idea because my grandma doesn't have a high enough income to benefit from the tax savings. And I also bet this guy misled my mom and aunt about being a fiduciary and the lack of future fees. So what would you do in this situation? I'm going to try to learn more about this guy and whether he really took the fiduciary duty oath as well as the specific fund my grandma's money is in. Would you guys recommend taking the money out of her Primerica account and putting in corporate bonds / CDs? Am I justified in being furious at this guy? [link] [comments]  |
| CapitalOne "upgraded" my card to Signature, then my APR increased Posted: 30 Jun 2018 04:50 PM PDT Last week Capital One emailed me to inform me that my card was being upgraded to Signature, didn't really care either way, no new benefits, but the email stated that card number, APR, limit, etc would not be changing Today I got a email from Mint to inform me the APR had gone up .25%, for the first time in 6 years... now I always pay the card off in full every single month, and the only time I ever paid interest was when I was unemployed four years ago, but I'm still bothered by this Is it worth it to complain to Customer service or should I just accept it? [link] [comments]  |
| Posted: 30 Jun 2018 03:12 PM PDT Never done anything with credit in my whole life. Always used a debit card, haven't taken loans out, etc. Started getting into building credit expected none and found a credit card opened in part with my name from my mother and a few payments were missed over a few years now. I now have poor credit according to the free discover FICO check. What should I do? [link] [comments]  |
| Posted: 30 Jun 2018 04:35 PM PDT Hey all. I am a 19 year old college student looking to change from a Discover It Student card to a card with some better rewards. I have had the card since August 2017, but use it pretty frequently. It's currently my only credit card, but I don't really care for having multiple. Should I just close the card? Or would it be better to keep it and make a couple purchases every couple months? Thanks for the help! [link] [comments]  |
| How should I approach paying a relative's mortgage? Posted: 30 Jun 2018 04:30 PM PDT Hi guys, the short of it is: My aunt has asked me to take over the mortgage payments now that my uncle passed away and she can no longer work due to chemo treatments. I have been living with them for about a year. What's the most financially sound way to approach this situation? Back story: I graduated from college about a year ago and got a solid job in consulting. Then I decided to move in with my aunt (55 y/o) and uncle (58 y/o), who live in the same city, in order to aggressively save money for future plans. They had an extra 2 rooms in their house, no kids, and didn't mind me staying for free. And since the home is in the suburbs and 20 miles from work, I gave up privacy and a reasonable commute time to achieve my goal of financial independence as quickly as possible. A month ago, my uncle suddenly passed away. He was the breadwinner AND didn't have life insurance, so he left my aunt pretty exposed after his death. To pile on, my aunt was diagnosed with breast cancer about 3 months before he died. So she was already working just part time by the time he passed. To give some perspective, he made about $75k/year and she made $12/hr at her part time. After he died, my aunt's plan was to go full time and find a way to make this work on her income. But she was recently rushed to the emergency room and, long story short, her doctor said she could no longer work due to the stress from chemo. Today, she informed me that she could no longer work, but might still try to find something part time if she could. And she said that she had found a family friend willing to pay for water and electricity. Then she tearily asked me if I could take on the mortgage at $850/month. She would take care of food and other intangibles (like cleaning, etc.) I told her I'd look into and see what I could do. ---------- My current thoughts I'm a little (well a lot) unsure of what to do now. I don't want to leave her high and dry, but that's a lot of responsibility to suddenly take on. It'll probably set back my financial goals more than 5 years since I believe she still owes ~$60k on the house. I've talked to my parents and they each have different opinions on how to handle it. My cautious mother is saying that it's bad form to pay for something not in my name and sets a terrible precedent. My dad, who's brother it is that passed away, is saying that, since I live there rent free, I should offer a maximum contribution of maybe half of the mortgage, so $425. Neither of my parents can be too financially involved, however, since they're still raising 3 kids. I'm the oldest of 4 siblings and I'm only 24. My initial thought was to 1) buy the home from my aunt then 2) take the money from the sale and invest it in a vehicle guaranteeing a small return then 3) she can use that money to help pay a portion of the mortgage as a live-in "renter". So that, whenever she passes, the house would be in my name and a future investment that I could either rent out or sell. There's just one giant problem in all this: I've never owned a house before. Not to mention, I'm still getting my emergency fund together (since I finished paying off my student loans) and have absolutely no money for a down payment at the moment. S/N - If I don't buy the house, I'm still not sure I'd want to contribute $425 a month to the mortgage, since that's essentially rent, and I'd rather spend that money on a place MUCH closer to work. Commute is a 2 hour every day hell. I'd appreciate any practical advice on what things I should look out for in this situation. And what my options may be. Thanks! [link] [comments]  |
| Posted: 30 Jun 2018 02:41 PM PDT I went to Walmart today and made a money order for a certain amount (in the hundreds). In short, the landlord wanted me to write a different company to pay to instead of the company I've been writing to for rent payments and I scratched out the first company. He told me to get it fixed as I cannot scratch anything out and went to Walmart to do it but they said after I gave them all proof and receipt that it is not going through (to cash the money order for me). They told me it's possible that since I made the money order today I cannot cash it in so soon. Is this true? I called the money order company, gave them the money order info, and the automated voice said the info of that money order is not updated and to wait 2-3 business days to update. Should I be worried or is this going to go smoothly? [link] [comments]  |
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