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    Personal Finance Weekday Help Thread for the week of July 02, 2018

    July 02, 2018

    Personal Finance Weekday Help Thread for the week of July 02, 2018

    Weekday Help Thread for the week of July 02, 2018

    Posted: 02 Jul 2018 06:08 AM PDT

    If you need help, please check the PF Wiki to see if your question might be answered there.

    While we never remove posts just because a question is answered in the wiki, this thread is a low-key place to ask any question no matter how "moronic" you think it might be.

    Make a top-level comment if you want to ask a question! Also, please don't downvote "moronic" questions! If you have not received your answer within 24 hours, you can feel free to start a discussion.

    A big thank you to the many PFers who take time to answer other people's questions!

    For past help threads, please search the Weekly Archive.

    submitted by /u/AutoModerator
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    Vanguard starting Commission FREE ETF trading for 1800 ETFs starting August 2018!

    Posted: 02 Jul 2018 11:42 AM PDT

    Vanguard said it would offer commission-free online transactions for nearly 1,800 ETFs, up from the current 77.

    No other major brokerage does this (except Robinhood, M1Finance)

    Details here:

    https://investornews.vanguard/coming-in-august-the-largest-commission-free-etf-lineup-offered-to-investors/

    https://www.prnewswire.com/news-releases/vanguard-to-further-drive-down-the-cost-of-investing-by-broadening-commission-free-etf-trades-300675259.html

    https://www.cnbc.com/2018/07/02/vanguard-slashing-costs-on-nearly-all-etfs-even-rival-schwab.html

    Competitors

    NOTE: This news is good for short term traders or intermediate/advanced investors. For buy/hold and new investors this doesn't make much difference if they are investing in traditional low expense mutual funds or already free low expense ETFs.

    Edited: to add M1Finance, vanguard website link

    Edited to add the NOTE based on u/dequeued recommendation. See detailed discussion below.

    Edited to add information about commission free ETFs of other brokerages.

    submitted by /u/chicagobuy
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    Words of advice for soon to be expat?

    Posted: 02 Jul 2018 03:49 AM PDT

    I've won green card lottery and I'm moving to USA from EU, Poland somewhere around November. I am in my early 30s, my wife is in her late 20s, I'm working tech, she does middle management. We havent settled for any certain state yet. What topics should I be aware off, financial wise? I've heard about 401 and probably some other minor stuff, but I would really appreciate some guidance.

    p.s. of course I know to read the sidebar and faq, however I'm most interested in topics that I should deal with immediately after coming to US

    submitted by /u/Pethia
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    Has anyone turned themselves from a spender to a saver?

    Posted: 02 Jul 2018 07:05 AM PDT

    Inspired by the post on the front page, from the dude who has 70k saved because he just can't spend any of his money -

    I have no idea how you do that. I was talking to my partner the other day - we were discussing what we would do if someone handed $15k to do whatever we want with. Even assuming I didn't spend it on smart things, like debt or retirement savings, I could go out and blow $15k in the blink of an eye - hobbies, traveling, lessons/classes, it'd be easy. My girlfriend was the opposite - she was saying "well, maybe traveling for a little bit of it? maybe I'd give some money to my parents, help them out?"

    I'm just so... jealous, honestly, of people who don't feel the constant urge to spend their money. Every day I come up with something new I want to do, or buy, that gets added to the constantly growing list in my head of things I want, and it never ends. How do I change myself?

    submitted by /u/throwaway_y-all
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    How do you afford rent on minimum wage?

    Posted: 02 Jul 2018 01:11 PM PDT

    I am trying to move out of my parents and be on my own. Don't like the idea of having a roommate because I've never had any privacy living in small 3 bedroom home for 7 of us and I love the idea of having privacy. How do you afford rent? I see people affording rent on minimum wage which is $11 an hour. I get paid around $13.50 per hour working full time. Rent in the area where I want to move to is around $1000 for a one bedroom. Expenses I have now a month is $350 for my car note, $60 for phone, $150 for insurance. Is moving out not possible for me? Do you have other jobs on the side to be able to pay for your monthly rent. Help! :(

    submitted by /u/yulianaa
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    I found out a Part-timer at my workplace makes almost as much as I do.

    Posted: 02 Jul 2018 02:30 PM PDT

    So last night I was discussing jobs with a part-timer I work with last night (I work full-time at the company) and I found out that s/he makes about as much as I do an hour. S/he doesn't have a degree in the field and is still in college. I started at the wage s/he is at working here full-time and I don't even make a full dollar more than s/he does. I have my yearly review in a month and I don't really know how to approach the situation.

    I will be with the company 4 years next month.

    Edit: looked at glassdoor I'm being paid 23% less than my market value in the area.

    submitted by /u/PaperyWhistle
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    To sell or rent my home, what should I be asking myself?

    Posted: 02 Jul 2018 10:54 AM PDT

    I'm 27, make 50k a year with only a home and car payment to make. My income covers both fine. My mortgage is $1262 a month right now. I bought my house for $215000 in Tacoma right before everything went insanely expensive. An example is my neighbors house with 500 less square feet and no garage sold a couple months ago what mine did two years ago. Right now comparable to my house are going for 250-275k depending on a few factors. The only caveat is if I want to rent I have to refinance my loan since I am on a loan that does not allow renting, I confirmed the process with my mortgage company.

    What should I ask myself when I am deciding to move. If I rent right now comparable are renting for about 1600-1800 and prices are increasing about 9% per year. Let's say I'm in the same financial situation in a few years with about the same rise in all rates. Is it merely a question of if I want a big pay out, after taxes, or if I want the monthly income? I have a friend that rents houses and so I have an idea of what being a landlord includes and I have several people that can guide me on the process but I'd like to get advice from the community. Right now it's my fiance, daughter and myself in the house. Once my daughter starts kindergarten my girlfriend will get a part time job, likely Costco since we have a lot of family there that can get her a job easily.

    I'm sure I am missing some information so if you have any questions I'll reply when I can.

    Edit: thanks for answers all. This gives me plenty of information to work with. Unless rent spikes at an insane rate it appears I'll be better off selling but at least now if anything does happen I know what I have to think about to rent.

    submitted by /u/Housefinancequestion
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    36M, not married and no dependents - do I really need life insurance?

    Posted: 02 Jul 2018 01:55 PM PDT

    What the title says. I got an offer in the mail the other day for term life insurance from some company that was referred by my credit union. At my age, a $25K policy would cost me like $14/mo, and then rise every five years as I get older, which I guess is pretty typical, I never really looked into life insurance.

    But whoever my beneficiaries would be aren't now dependent on me for anything, and were anything to happen I don't have anything that would require much in terms of legalities (no property or debt), and any other costs that I could foresee coming from my demise could be covered by my liquid assets and retirement funds.

    But I don't want to leave anything out, so would a small policy still benefit me at all?

    submitted by /u/McAdoodledandy
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    Don't forget to shop around for auto insurance periodically.

    Posted: 02 Jul 2018 04:10 PM PDT

    My rates kept creeping up over the past couple years, as they tend to do. I had to file a claim in 2015 for an accident that wasn't my fault (other guy was cited) and then in 2016 my wife bought a new car so I was expecting them to go up a bit then. I recently went over my budget and kind of just sighed at the $285.08 a month we were paying to insure our two cars and decided to see if we could save a little money if I switched to someone else.

    Not to sound like a commercial, but I just switched to GEICO and saved a shitload of money. (Personally I think that should be their new slogan. And they should pay me royalties for coming up with it.)

    My new rates for the same coverage are $117.05 a month. I'm saving $168.03 A MONTH and all it cost me was a half hour online researching policies and a phone call to cancel my current one.

    "I switched to GEICO and saved 59%" doesn't quite have the same ring as "a shitload of money" so I stand by my new slogan. Point is, we tend to get into the habit of just paying bills as they come in. Every 6 months or whenever your policy runs out do a quick check online to see if you can save some money by switching. It couldn't hurt.

    submitted by /u/devospice
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    Yet Another Robo-Horse-race update, comparing Schwab Intelligent Portfolios, WealthFront, Betterment, and DIY

    Posted: 02 Jul 2018 06:10 PM PDT

    Since February 2017 I've had a little money with each of Betterment, WealthFront, and Schwab Intelligent Portfolios. I'm comparing how the robo-advisors do to my own DIY Index ETF portfolio of 32% SCHX, 8% SCHA, 25% SCHF, 30% SCHZ, and 5% Cash.

    Original Post, 1st Update, and 2nd Update

    I still get one or two PMs each month asking for an update, and the last thread is archived (no new comments allowed) so I figured I'd start yet another one. Mods, if you find this annoying, let me know and I'll just update via PM or edit old threads or whatever. But about half the PMs are people stumbling on the post via a search, apparently, so maybe it's good to have newer stuff in the search results.

    This is not financial advice, and you'd be stupid to make a decision about robo-advisors based on a post by a stranger on the Internet, even if he weren't making it all up.

    If you are interested in professional comparisons of robo-advisors that include other robos, Backend Benchmarking does a pretty thorough job every quarter: https://theroboreport.com/about/. I have never figured out why some of their quarterly results look so different from mine, so I am continuing to post my results.

    As I explained last time, the vast majority of my investments are 65% equities, but I added a couple of robo accounts with high equity allocations. The percentage equities is in parentheses above each column.

    I posted plots with the last update, but don't have time to do that right now [EDIT: /u/Potential_Soup had time: http://i.imgur.com/66yFRAQ.jpg]. If anyone knows how to anonymize a Google Sheet I'm happy to share one which has plots, dollar values, monthly changes, and a few other things. For now, you just get what's easy to post.

    Cumulative Returns as a Percentage:

    Date Comment DIY(65) Btrmnt(66) SIP(66) WlthFrnt(66) DIY2(60) WFHEH(92) SIP2(85) SIP3(85)
    2/7 Initial Transfer -1.32% -1.32% -1.46% -0.27% -0.27% N/A N/A N/A
    2/15 Everything Invested (Clock starts now) 0.00% 0.00% 0.00% 0.00% 0.00% N/A 0.00% N/A
    2/28 0.16% 0.12% -0.21% 0.03% 0.42% N/A (0.05%) N/A
    3/31 0.96% 0.75% 0.54% 0.94% 0.92% N/A 0.84% N/A
    4/30 2.16% 2.15% 1.55% 1.95% 2.08% N/A 1.92% N/A
    5/31 3.57% 3.68% 2.43% 3.57% 3.35% N/A 2.84% N/A
    6/30 4.20% 4.07% 2.92% 3.93% 3.80% N/A 3.66% N/A
    7/31 5.88% 6.12% 5.11% 6.16% 5.28% N/A 6.01% N/A
    8/31 6.13% 6.54% 5.58% 6.44% 5.69% N/A 6.23% N/A
    9/30 7.83% 7.88% 7.17% 8.26% 7.07% N/A 8.65% N/A
    10/31 Opened WFHEH on 10/16 9.24% 9.41% 8.00% 9.88% 8.42% 0.00% 9.87% N/A
    11/30 10.48% 10.68% 9.35% 11.37% 9.31% 1.77% ?? N/A
    12/31 11.72% 11.52% 11.12% 13.30% 10.78% 3.79% ?? 1.83%
    1/31 Rebalanced DIY 15.06% 15.52% 14.98% 17.43% 14.11% 9.16% ?? 5.93%
    2/28 Added 0.6% to DIY2 11.42% 11.58% 11.02% 13.03% 11.50% 4.19% ?? 1.59%
    3/31 10.81% 10.71% 10.97% 12.42% 10.64% 3.25% ?? 1.31%
    4/30 11.12% 11.07% 11.09% 12.70% 10.79% 3.54% ?? 1.86%
    5/31 12.20% 11.31% 11.09% 13.83% 12.06% 4.10% ?? 2.32%
    6/30 12.07% 9.98% 10.50% 13.10% 12.19% 3.10% ?? 1.74%

    TLH, one of the touted benefits of robo-advisors, has been interesting. WF harvested about 2% of losses in 2017, but only captured $4 worth (0.05%) so far in 2018 despite the volatile first quarter. This is because 4Q2017 was super good and I haven't added any money to any of these, and TLH only works with new money because old money has gone up so much that there are no losses to harvest even fater a 4% dip in the market. Anyway, I stand by my initial assessment that DIYers can do the majority of TLH that robo-advisors claim to be able to do, because even a dummy like me can do TLH in 2008 environments.

    SIP2 numbers should come in another day or two, but as of November 2017 I have opened my own 85% equities SIP account with another one of my kids' UTMAs. Later this year I'll probably convert another UTMA, so let me know in the comments if you want to see two identical SIPs, or yet another equity percentage.

    WF still seems to have the best returns, but they do appear riskier, so a prolonged downturn could change that result. Both WF and B are adding new features frequently, but the whole point of robo-advisors for me is that I never have to log in and check on stuff, so mostly I don't see the new features. SIP is still the only one that can do custodial accounts, so my 4 kids plus my decade-ish-long history with Schwab index funds is probably biasing me somewhat. Altogether these robo accounts are a pretty small chunk of my portfolio, so I'll keep these running for a long time, even the ones that under-perform relative to DIY.

    Cheers, plex

    submitted by /u/plexluthor
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    Any tips for saving on 12 an hour being 15 years old?

    Posted: 02 Jul 2018 11:43 AM PDT

    Just opened my checking and savings account.

    Currently working in a kitchen for 12 an hour. Currently saving for a school trip which is about 1200 dollars to New York but it's next year. After that I'd be looking to save for a car.

    Apart from not eating out, what are the down to earth tips I need to know?

    submitted by /u/Ros1031
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    Feeling disappointed- moving back in with parents

    Posted: 02 Jul 2018 07:04 PM PDT

    Hello r/personalfinance

    Longtime lurker here, and finally decided to /really/ get my stuff together and start buckling down.

    More about me: 22/f, fresh out of college, making $15/hr at a tech company with great benefits, stock options, etc.

    I'm currently engaged to 24/m making the same amount in the construction sales industry.

    Although we are technically making a living wage, we're getting exhausted paying for rent. We live in Miami, Florida and pay about $1100 a month (including utilities) for a 1 bedroom in a really sketchy neighborhood.

    We're just tired. After contributing to joint and individual savings, we don't have much wiggle room.

    We contribute around $200 a month to a joint savings account (ally bank), around $200 a month each to our individual savings accounts, and I've just started using Qapital. Additionally, I contribute 5% of each paycheck to ESPP.

    Not having a substantial savings/emergency fund/home buying fund scares me.

    Quite frankly, it's intimidating. We don't come from rich families, and living in Miami is really difficult. Arguably, Miami is the most difficult city to afford to live in the US.

    We've made the decision to move back to my parents house, since they have a few spare bedrooms. They're happy to have us, and really proud we're being fiscally responsible. And it really brought it home when I calculated home much we've spent in rent over the years (could've had a down payment for a house). Also, we've set a solid date to move back out, so we're not just moving back in without a game plan.

    But, a part of me is disappointed in myself for having to move back in.

    Do you have any tips for us moving forward? Hopefully, any validation for moving back in with my parents? Any advice helps!

    submitted by /u/aurology
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    Is $100 a month worth investing?

    Posted: 02 Jul 2018 12:03 PM PDT

    I live in an Eastern European city were the average income is $400-$500 a month. I have an income of $1000 which is quite high here as the cost of living is very low. After all my expenses and costs I could easily 'lose' $100 a month and not even notice. I'd like to put this money to some use and invest.

    Is it worth investing $100 a month or will it be a waste of time?

    (by 'investing' I mean by using stock trading apps)

    submitted by /u/squaggs928
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    ELI5: The difference between mutual funds, index funds, and ETFs?

    Posted: 02 Jul 2018 04:17 PM PDT

    With the latest Vanguard announcement I'm hearing varying definitions based on context clues.

    Bonus: I'm invested in Target Retirement 2050 in my 401k and Roth IRA. Is this a mutual fund or something else? I've heard index funds (or is it ETFs) might be better, should I attempt to switch?

    submitted by /u/cashnprizes
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    Savings account or CD?

    Posted: 02 Jul 2018 11:22 AM PDT

    I'm just starting out in the work force. Right now I have about 900$ in a checking account and have 700$ I want to put in savings. My banks interest rate for a regular savings account is 0.02%, where as a 1 year CD has a rate of 1.37%. Which would be the best choice. I don't foresee having any major unexpected expenses but who knows.

    submitted by /u/Freedom_cheetos
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    About to be homeless

    Posted: 02 Jul 2018 07:30 PM PDT

    Hey guys, I'm not 100% sure if this goes here but here it goes - I live in a cabin in the rockies and my landlord informed me that she wants to move back into it (it's hers). She was going to give me more time to find a place but my dog got into a fight with a neighbors dog and now she wants us both out pretty much ASAP. I'm happy to oblige, however, I have nowhere to go. I do have a vehicle but it's a ford ranger, not easy to camp in and it isn't the most reliable vehicle anymore. I have about $1200 to my name and no formal schooling besides a high school diploma. The mountains are fucking hard to live in and it's just getting harder. I love them with all my heart but I want to go to school, for cosmetology, and re-enter normal civilization. I'm a 24 year old female. My parents homes are not an option they have told me many times. I am considering just camping for the summer and getting a gym pass for facilities, but that is not the life I want to give my dog... or myself really.

    Any advice?

    submitted by /u/televashekra
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    What is the best strategy for dealing with my debt? Bankruptcy has been advised

    Posted: 02 Jul 2018 04:13 AM PDT

    Hey, this is a throwaway because I feel a bit of shame about my predicament: I'm looking into whether bankruptcy is the best option for me.

    I am 34, and had accumulated $110,000 of student loan debt and around $15,000 of debt to the IRS before graduating from college. Over the past few years, I whittled that down to around $87,000 (and $8,000 to the IRS). I haven't been getting rich, but I've been able to pay down my debt while saving for retirement.

    Last year, I tore my ACL, had surgery, and ended up accumulating an additional $38,000 of debt. So, as it stands now, my debt consists of:

    * $87k student loans

    * $8k IRS

    * 38k credit cards

    I make $54,000 per year.

    I was feeling overwhelmed, and met with two bankruptcy attorneys who both suggested I file a chapter 7 bankruptcy. I've spoken to about 5 people in my life outside of them, and some feel that it is obvious that I should declare bankruptcy, and some feel it is obvious I should not. I feel incredibly conflicted, and feel like I am in a lose-lose scenario.

    Mu budget:

    $3,374 take home

    -$1500 minimum payments on various debt (Will likely go up, as credit cards are 0% interest currently.)

    -$850 rent

    -$130 utilities (gas, electric, internet bill split with others)

    -$30 gym

    -$276 health insurance

    -$50 car insurance

    -$350 groceries

    -$75 gas

    -$15 car registration fund

    -$8 oil change fund

    -$42 Christmas fund

    -$4 YNAB

    -$9 Amazon Prime

    -$35 misc / unexpected expenses

    I have not missed any payments, and I do not need to. I know that I can cut my grocery bill or quit the gym to save more money. I also know that even though I work 10 AM to 8 PM M-F and 9-2 S, I could pick up more work on weekends.

    If I were to declare bankruptcy, I would be rid $46,000 of debt (all-non student loan debt, as the attorneys told me my IRS debt is eligible for discharge). The minimum payments I am making towards that 46k is $975 per month, which I could then use to put pay down my student debt faster, and perhaps put some money in a Roth IRA. I also have ~$9,000 cash, which I was advised to spend paying small chunks of debt across the board before declraing bakruptcy if I do that, or retaining as an emergency fund, if I don't.

    On the one hand, I do not HAVE to declare bankruptcy. I can meet my obligations. Bankruptcy feels shameful and feels like giving up, and at times feels immoral. I also know it will wreck my credit for a couple years, stay on my report 10 years, and will cause me to check "Yes" on applications asking whether I've ever declared bankruptcy the rest of my life. I know it may potentially hurt my ability to rent, and (of particular interest) may hurt my ability to get new jobs.

    On the other hand, if I declared bankruptcy I I could take the $975 of minimum it sometimes feels as though not declaring bankruptcy is to suffer through the next couple decades for my sense of cultural shame. While bankruptcy would hurt my credit, I am years and years out from being being in a position to apply for any kind of loan anyhow. I have no ability to save for retirement right now, so choosing not to do this could affect me the rest of my life. It sometimes feels as though bankruptcy was set up for things like this.

    As I said, I am severely conflicted. I'm not sleeping well and my mind is spinning its wheels, because the decision feels life-altering in either direction.

    So please, if you have any insight that could help me, I am open. Should I declare bankruptcy? If so, why? If not, why not, and what should I do instead? What are the steps or changes that can lead to financial security and health in the end?

    submitted by /u/tossednturned
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    To buy or not to buy a house?

    Posted: 02 Jul 2018 06:41 AM PDT

    I'm (28F) considering buying a house. I have a relatively secure job, I plan on remaining in this city for quite some time, and honestly, I just want my own place. I want a backyard so I can have a dog or two (really don't want to keep a large breed in an apartment/condo), I want extra rooms so my boyfriend and I can have our own space and not always be on top of each other, and I want to be able to paint and decorate and just have a home of my own.

    However, my parents have been trying to talk me out of it. They say that a home is a ton of maintenance and yard work that I won't want to deal with, and the upkeep on a house is much more expensive than an apartment (obviously). So I'm here to get some opinions from you great financial minds on whether or not buying a house would be a good call.

    Here is my current budget after all pre-tax expenses (401k, health insurance, ect.) are taken out:

    Monthly Income $ 3,626.00

    Food/household items: $ 360.00

    Gasoline: $ 130.00

    Phone: $ 71.00

    Spotify : $ 9.99

    Hulu: $ 12.99

    (I realize these 2 can be bundled but I abhore hulu commercials and will pay the difference if it means I don't have towatch 3 commercials per 30 minute episode).

    Student Loans: $ 400.00

    (These will be paid off completely in 4 months. Yay!)

    Electric: $ 75.00

    Internet: $ 50.00

    Building Fees: $ 10.00

    Car insurance: $ 100.00

    Renters Insurance: $ 14.00

    Rent: $ 1,274.00

    Parking: $ 100.00

    Savings: $400

    Travel Savings: ~ $100 - $150

    Other (travel/fun/shopping/misc. items): ~$500 depending on travel savings

    Emergency Savings: $8,000

    House Savings: $23,000

    Looking for a home in the $150,000 - $210,000 range. I realize that I don't have 20% down, but homeowners I've spoken to around here were able to get mortgages with relatively low PMIs. I believe that, if low enough, the PMI would be worth having my own house. I'm also aware of closing costs.

    Building fees and parking fees will be dropped once I move out of my current apartment, and my student loans are nearly paid off. Also, my boyfriend would be moving in and paying me rent, so that will help with expenses. I get a 3%-4% raise annually and expect a promotion in the next few years.

    submitted by /u/accountaccess
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    How does disability insurance work when you have been fired (US)?

    Posted: 02 Jul 2018 05:33 PM PDT

    My mom had complications from a surgery that resulted in her being hospitalized for almost three months. She has been on short-term disability. She was subsequently fired from her job. Her dismissal paperwork says "Your disability benefits terminated on [date she was terminated]."

    This confuses me. Does this mean she will no longer receive short-term disability payments? If so, what's the point in getting long-term disability insurance if the company is just going to fire you after FMLA runs out? Or does it just mean that she can't make any new claims, but she can continue to receive short-term disability payments as long as the doctors say she can't work (until the end of the 25-week term)?

    Thank you for any advice you can offer.

    submitted by /u/droppedforgiveness
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    Health insurance went from $50 to $170

    Posted: 02 Jul 2018 04:01 PM PDT

    So my health insurance monthly payment more than tripled. I called my provider and they said I no longer qualified for the tax credit I was getting.

    Would this be based on my 2017 tax return? I got my insurance in December of 2017. My income was nearly the same between both years.

    $170 is going to be a very tough adjustment. What are my options at this point? Cancel or suck it up?

    submitted by /u/canned_parakeet
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    Incoming potential double windfall(!) from stock options

    Posted: 02 Jul 2018 11:35 AM PDT

    My wife and I are both in tech and make approximately 160k per year with about 200k in savings. At our previous companies, we both received stock options and it looks like both companies might get acquired in the next couple of months. It looks like we could receive (pre-tax) approximately 150k from the first (99% likely to sell) and 800-1,000k from the second (90% likely to sell).

    We are pretty overwhelmed by the thought of potentially getting these two windfalls in such short succession and had a couple of quick questions:

    1. We want to talk to a tax lawyer. Should we talk to one before the sales, or wait until we get the cash?

    2. Our simplified plan is to pay off the house (~300k), donate a significant amount (~50k?) to charity and then park the rest into index funds in our IRA and normal investment accounts. Any other suggestions? I'm wondering if we should perhaps hold off on paying off the house (3.5% interest) based on historical market returns.

    3. We are considering buying a small condo for my father to retire in and having him pay us rent. He is extremely frugal and we aren't concerned that he would take advantage of us. However we don't really want to enter into a financial arrangement with a family member. Is there anyone here that has done this successfully?

    Thank you for any and all suggestions/considerations!

    submitted by /u/CO_climbing1234
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    Received a $4,650 check in the mail out of nowhere.

    Posted: 02 Jul 2018 04:44 PM PDT

    On the 26th of June 2018 I received a legit looking check with my name in an un-marked envelope wrapped in a sheet of printer paper for security. There were no instructions, no you hit the jackpot and no cash this check and wire me money like usual scams so I asked the bank. They weren't much help and said it is probably fraud. I'm still pretty sure it is fraud and I don't want to deposit it just to see, but what I don't understand is how a scammer would make any money from me bouncing there check.

    submitted by /u/CrackerBucket
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    Moving into my first apartment soon, does anyone have advice on renter's insurance?

    Posted: 02 Jul 2018 08:49 AM PDT

    I'm 22 and finally moving into my own place. With so many options on insurance, how do I choose? Any other tips on first apartments help too!

    Edit: I just realized I forgot to ask about energy plans too! I know it's mostly regional but any info helps!

    submitted by /u/phillipb100
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    Remove my name from join credit card?

    Posted: 02 Jul 2018 03:19 PM PDT

    Almost two years back my girlfriend was applying for a credit card and asked if she should put my name down also. Anyways I totally forgot about this and she never mentioned the card to me again. Recently I've been more interested in my credit and decided to check out my score.

    Long story short she maxed out this credit card with out telling me. We are now split up but she continues to use this credit card and continues to pay the min each month and max it out. Can I get my name removed from this card? How will that effect my credit?

    submitted by /u/brandioo
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