Personal Finance If you have an expensive prescription, contact the manufacturer and tell them you can't afford it. |
- If you have an expensive prescription, contact the manufacturer and tell them you can't afford it.
- We need help/advice!! What are we doing wrong?
- Help me compare two job offers. Independent contractor, 1099, at $90,000/y or full-time employee, W2, at $65,000/y
- Bought a house 1 year ago and now need to sell at a loss. How can I minimize the losses?
- Parents won't help finance my schooling if I don't get into my top 4 university picks. Not allowing me to get a job. What can I do? (CAN)
- Please Help - $200K in Traditional IRA Account
- Is buying a trailer in a trailer park a good idea?
- Hey /r/personalfiance, I really need your help. I have no idea if my mom is being scammed or not on Whole Life Insurance.
- Social Security is trying to shake me down for $500
- Two cars under my name—best way to get rid of one...
- picking 401k funds
- [USA] How can i stop my SSN from being used by my mom?
- Money Diaries...for men?
- I just got a precollection notice from an ambulance service and I’m not sure what to do
- Father has almost $200k worth of debt that has gotten to the point where it's unmanageable, advice/help?
- 31 year old , 5 years sober, went back to school, landed a decent job- now what?
- Weird question about stolen debit card purchases
- Looking for an in home job.
- Can they take my Federal tax refund for a state DUI ticket and court fees? In California
- Buy or Rent
- Father of 2 babies, combined income of 39k a year in high COL city. Wife has over 100k+ of student loans (5 different private/federal combo) for a worship music degree (singing /piano) she's never been able to find work for.
- Need financial options for mothers burial but my brother is will executor and has zero contact with the world due to backpacking trip. I am broke with terrible credit, what should I do?
- Saving for a somewhat smaller purchase
- Anybody here familiar with Magic: The Gathering? I'm a now former employee of Wizards of the Coast with ~$15k work of Magic product and singles. I have no idea what to do with them.
- 1099 Deductions? (Freelancer)
| If you have an expensive prescription, contact the manufacturer and tell them you can't afford it. Posted: 02 Feb 2019 04:20 PM PST Bristol Myers just gave me a copay card that changed my monthly medication from $500 a month to $10. It lasts 2 years and they will renew it then with one phone call. Sorry if this is a repost, but this was a literal lifesaver for me. EDIT: In my case income level was never asked. Also, the company benefits by hoping people with max out their maximum-out-of-pocket. This discount only applies to what the insurance company won't pay. Shout out to hot Wendi for telling me! [link] [comments]  |
| We need help/advice!! What are we doing wrong? Posted: 02 Feb 2019 11:29 AM PST I'm an engineer with a great company, gross salary is about $84k. I bring home about $4,600 a month. My husband works for a small local company, blue collar, no degree, typically brings home about $1,600 a month at a pay rate of $13 an hour. **side note: he just got a new job and will start in 2 weeks. This will increase his hourly pay to $18 an hour. I estimate this will increase his monthly bring home to be about $2,000 a month. We have 3 kids. We live a modest life, dont drive fancy cars or have new clothes. Heck, I havent bought myself new clothes in the past 3 years because we simply cant afford it. Our kids wear hand me downs. We havent been on a vacation in 4 years. We have one car payment, $350/mo. We have a few student loans that total to be about $600/mo. We are renting a house at $1,250. I spend about $1,000 a month on groceries (for a family of 5 that's not too bad). I'm struggling because we are constantly living check to check. We dont have a pot to piss in. We have nothing in savings and we are constantly broke. I maintain a budget, I monitor our accounts, I know what we have coming in and going out. But obviously we are doing something wrong... I just cant understand what we are doing wrong or why we struggle so much when we bring in decent money and we dont spend excessively. It's so frustrating and I'm at my wits end. I wish there was someone or some service out there that would be willing to sit down with us and go over my budget spreadsheet with us and help us to identify our problem and help us come up with a plan to change our financial situation. see comments for detailed breakdown of monthly expenses [link] [comments]  |
| Posted: 01 Feb 2019 08:48 PM PST Hello Reddit, I am being offered a position at a tech company as an independent contractor under 1099 for $90,000/year with no benefits. I am also being offered a position at an architecture firm under W2 for $65,000/year with benefits (PTO, insurance plans, 401K matching, etc). I am 24 and single. I am leaning towards the tech position due to how big of a difference the yearly salary is. However, am I overlooking how important benefits are? What makes the most sense financially? edit: The 401k match is 100% match up to 3% then 50% match up to 5%. As for health insurance, I don't know how much it would cost yet for the $65,000 position, but for the $90,000 position I will probably pay about $400/mo for health insurance. [link] [comments]  |
| Bought a house 1 year ago and now need to sell at a loss. How can I minimize the losses? Posted: 02 Feb 2019 10:51 AM PST We are military and purchased a house in late 2017 using the VA no down payment loan at 3.8%. We were planning on being here for the foreseeable future but are now being PCS (permanent change of station) meaning we don't have a choice and have to move. Since the principal payment per month was so low, we have only really paid off 4-5k off our loan. We know that selling it now will incur a 10k ish loss due to closing costs and such. I am considered paying 1k more per month on the loan until we move to bring it down so that its less of a hit when we sell. Is there any downside to doing that? For reference our household income is 300k and I have 240k of student loan at 4.6% which is at 2200 a month, but I usually pay 3200 a month. That extra 1k would be diverted to the mortgage now. Should I continue to pay down my student loan or pay the minimum and put more towards the house so the financial hit is less at one time? [link] [comments]  |
| Posted: 02 Feb 2019 03:42 PM PST My parents just sprung this onto me very recently, due to my current 85% average. They expected me to have a high 90's average, and provided me with an ultimatum: If I don't get into my top 4 universities, they will not help me AT ALL with paying for my schooling. They will, however help pay if I go to my local university and commute from home, but my family is VERY toxic and I want to get out of here as soon as possible. They are one of the main causes of my depression and I need to leave this house as soon as I graduate. They also will not let me get a job, claiming that I need to focus on my studies. I am currently 17, and will be turning 18 in early December. I do not want to rely on their money anyways, because I don't want to rely on them anymore. They are detrimental to my health and I don't want anything to do with them. Is it too late to talk to my guidance counselor and see what my options are? How do I take out a student loan, and what are the best options for me as a student living in Toronto? If it helps, here are the Universities that I've applied to: University of Waterloo, University of Toronto, Queen's University, McMaster University, Wilfred Laurier, Western University, University of Ottawa, Carlton University, and UOIT So far, I've gotten acceptances into Laurier, Ottawa, Carlton and UOIT, all with ~3k yearly scholarships. EDIT: I do have an RESP, but I've heard that I'm not entitled to the money, and my parents can withdraw it and save it for themselves. Is there any way I can get it from them? [link] [comments]  |
| Please Help - $200K in Traditional IRA Account Posted: 02 Feb 2019 02:27 PM PST As stated, $200K in Traditional IRA due to divorce. The funds have been sitting in the account for a few months as have no idea where/what to invest in. Additional Info: 33 years old making about $70k a year at medical office - About $40K in bank account - HSA Account - SEP IRA - Not sure if have a Roth but will find out. Obviously - Not financially knowledgeable/savvy Reddit - Please help with some ideas! [link] [comments]  |
| Is buying a trailer in a trailer park a good idea? Posted: 02 Feb 2019 03:33 PM PST I was looking at "cheap" houses in my area and came across a couple of trailers in an upscale trailer park by me. The one trailer I looked at is really nice, about 1300 square feet and comes with a garage and a lean 2. I dont know where I'm going to be in 5 years so I dont want to buy anything that I cant completely pay off in 5 years using less than 25% of my salary but I am also extremely sick of renting an apartment that just doesnt fit my lifestyle. Is buying a trailer in a trailer park a good short term purchase (5-7 years) or not? [link] [comments]  |
| Posted: 02 Feb 2019 01:46 PM PST Hey /r/personalfiance, I really need your help. I have no idea if my mom is being scammed or not. I read /r/personalfiance a lot and every time I see a thread about whole life insurance, everyone says it is a scam. I am wondering if this applies in this situation as well. My mom is in the US, 58, disabled, and receives disability and is on food stamps. She has been in poor health in general. She has had uterine cancer and thyroid cancer. Over the last 5 years, my mom has had leukemia twice. We thought she was out of the clear about a year ago, but the doctors told us that it had returned. After, treatment again, they said they do not see any signs of the cancer right now. Since she is on a fixed income and in poor health, and obviously does not have anything saved up, she is worried about funeral costs. I am not in a position to help her. Well, an agent told her she could get whole life insurance which could help cover her funeral costs, but I have no idea if this is a good idea. I will give the details to the best of my ability. It says it is a whole life insurance with graded death benefits. Chronic Illness Accelerated Benefit Rider. Provides for the advance of the death benefit under the base contract if the insured is chronically ill. No rider charge. It also says Terminal Illness Accelerated Benefit Rider. Provides for 1 time payment in advance of the death benefit under the base contract if the insured is terminally ill with 24 months or less to live. The amount advanced will be carried as a lien against the future contract benefits. There is no charge for this rider. However, there is a 1 time charge up to $250 if you choose to activate this rider. It says policy year 1- 20, annual premiums each year at 450, guaranteed cash value that starts at 0 the first year and looks like it increases close to 200 dollars a year and then stops at 3,400 dollars in the 20th year. It also says guaranteed death payment. First year and second year says 110% of premiums paid. Then after that it says 8,500 for every year after. It says the loan interest is 8% fixed. Guaranteed interest rate 4.25% It says it covers natural death or accidental death. But it also says: We will not pay any benefit under this policy for accidental death if the insured's death is caused or contributed to by disease or infirmity of mind or body, or medical or surgical treatment for such disease or infirmity. Which seems like an instant disqualifier to me, but they want to issue this policy to her. I have no idea if this is a good idea and I have no idea how to explain to her if this is a good idea or bad idea. Any help would be greatly appreciated. Thank you [link] [comments]  |
| Social Security is trying to shake me down for $500 Posted: 02 Feb 2019 03:01 PM PST They say I have been overpaid benefits and that they have tried to contact me about this issue before. However I am a 32 year old man in fine health and I don't recall ever receiving social security. Nor have I received any prior communications from social security. This is literally the first I've heard of this, and they're threatening to garnish my wages. Kinda crappy that apparently the first thing on their agenda after reopening from the shutdown is to shake me down for a nonexistent debt. What the hell do I do? Edit: to clarify, I received a letter, not a phone call. Looks like a legit govt envelope and letter [link] [comments]  |
| Two cars under my name—best way to get rid of one... Posted: 02 Feb 2019 03:12 PM PST Hi, to start ,yes I know I should've not gotten 2 cars financed under my name I've a 2016 Honda Civic, $428/mo 2015 Nissan Altima, $402/mo Insurance for both $311/mo Long story short ,I got financed for another car for my mom cause she needed a car to take my sisters to school, and to get to and from work(once she found work) She ended up not working and hasn't for about a year or more So I took the Altima away and plan to only have one car. What is the best way, credit wise ,and least financially burdensome to "get rid" of either the Civic or Altima More info: -I make little over $2k/mo part time (I go to school full-time) -housing,school and food costs are taken care of -State is California if that matters -credit sits around 700 cause of multiple credit inquiries getting the cars financed I've considered voluntary surrender(last option is want) Also trading both in for one car (loan-to-value on new car wouldn't be approved) Thanks in advance for your help , also, sorry if formatting is bad and any "terrible son" , "bad mom" or whatever comments will be ignored—posting for finance advice ,not family advice or counseling [link] [comments]  |
| Posted: 02 Feb 2019 03:09 PM PST im 23 and im not sure which funds to pick. https://imgur.com/a/c2GOZIc the default is the 2060 target fund but im wondering if something else would be a better option. thanks! [link] [comments]  |
| [USA] How can i stop my SSN from being used by my mom? Posted: 02 Feb 2019 04:03 PM PST I found out that my mom opened a credit card in my name since she knows my SSN. I have tkaen the card from her and cancelled it. Just the other day she says she bought a heater and when i asked how (knowing she doesnt have money) she said with a credit card. I feel like i've done everything i can do for her but at this point she's just not thinking and it's frustrating because now i have almost no money for myself. I just saw there was like 6 or 7 inquries on my credit score and i don't think i did it. Im not sure if it's her but it most likely is. Is there a way i can block my credit from being viewed for loans and stuff? [link] [comments]  |
| Posted: 02 Feb 2019 03:49 PM PST Refinery29 has a wildly popular series, called Money Diaries, where they take a woman, document her monthly expenses and then catalog her spending over the course of a week. It's been discussed here in r/personalfinance before. It's actually quite fascinating, but it's only for women. The series was seemingly created with the intent of helping women to have better, deeper, and more productive financial conversations, with each entry receiving thousands of comments that OP's tend to respond to. Is there a version of this for men? In this age, there's no question that young men (21-35) could use this open, honest dialogue about money and spending patterns. I've read about (and you probably personally know) younger men with awful budgeting habits and think that something like this could help them in the same way it's helped young women think more about what they spend on and how they budget. [link] [comments]  |
| I just got a precollection notice from an ambulance service and I’m not sure what to do Posted: 02 Feb 2019 01:33 PM PST So I've been trying to get my insurance to pay for an ambulance visit to the emergency room. Every time I contact them they gradually pay more and more of my bill down to where my cost is $585. The ambulance service just sent me a pre-collection notice where after today they're going to notify a collections agency for the amount due. I called my insurance and they said they're going to review the claim again but I haven't been able to get an update. My dad keeps telling me to wait for the insurance to review the claim again but I'm a college student so I don't have that much credit established and I'm worried about my credit score. Help! Should I just pay it or should I wait? EDIT: I just checked the payment portal for the ambulance service and it says this: https://i.imgur.com/YpmKula.png Is this good or bad? [link] [comments]  |
| Posted: 02 Feb 2019 07:21 PM PST Hello, first-time poster in this sub. So here's the issue: My dad has over $200k in mixed debt that he's accrued over the past few decades from what he's told me. He's gotten to the point where he's spending $900+ OVER what his job pays him just to pay back his debt and it's really doing nothing. Background information: -Dad: has 2 degrees in law and library science (master degree for sure in library science but idk about law) and works at a college. His salary fluctuates but he roughly makes 70-80k a year. 54 years old. -Mom: Is a nurse and makes around 30k-40k a year 54 years old. -They have 3 kids in college His debts can be split into 3 following categories: - Mortgage: He hasn't told me the full details of his debt regarding this but it's almost $80k (saw bank statements). I know it's normal to owe money on a house as long as you have the means to pay for it (please correct me if I'm wrong since I don't know too much about this kind of stuff). He doesn't. It's kind of complicated to explain the payment of the mortgage but they've (my parents) been taken turns paying for it ($1,000/mo) and it's gotten to the point where only my mom pays for it since he can't put any more money on his credit cards.
So Reddit I was wondering what you guys think he should do to tackle this debt? He currently goes to school (none of his debt is from college because his university pays for his classes because he works there) and should finish this march/may. His plan is to continue to work his job while picking up side jobs to continue to pay his debt once he finishes school. According to him, he hasn't done anything super crazy regarding tackling his debt because he still wants to practice law when he finishes with his debt which they'll apparently revoke his license if he can't show he can handle his finances well. What has contributed to his overall debt is the fact that he does not live with me and mom (other kids are away at school). He moved out almost 9 years because according to him if he didn't he would've divorced my mom (which would have been a smarter move in the grand scheme of things but my parents are foreign so it's very taboo to get divorced). Since he moved out they've basically been paying two rents (his is around $700/mo) for over 9 years. As you can probably already tell, this has been very hard emotionally and financially on him and the family and I want to try and help him by finding out his options to get him out of this debt. He's a very bright man and I love him. Any help would be much appreciated. EDIT: He also has a credit score over 600 if that helps. [link] [comments]  |
| 31 year old , 5 years sober, went back to school, landed a decent job- now what? Posted: 02 Feb 2019 03:28 PM PST Alright guys, here's the long and short of it: I was on the verge of homelessness, broke up with my ex and was staying with my friend and our house got raided. I was facing multiple felonies and jail time but my lawyer was incredible and got me 5 years probation and only misdemeanors. Thankfully the only thing on my record is related to weed. I had a realization where my life was headed and decided to turn things around. I got clean, got a job, decided to go back to school, and moved back in with my parents. Fast forward 4 years and Im a senior about to get my bachelor's in Information Technology Management, im sober, have a place to stay rent free till i graduate, my parents are paying for school entirely (thanks to a lot of hard work, it wont be too much with all my scholarships), and i just landed a job with the company i have been interning with that pays $42k with benefits. Now for the bad stuff, i have another $7,000 till i can pay off my car, i have only $1000 in savings, I have no idea how my credit is, I barely know how to file taxes, im going to have to work full time and go to school full time for the next year, and I know nothing about investing, purchasing a house, or saving money. I have a great girlfriend and i want to settle down with her. Her parents have done well for themselves and have offered to help us buy a house when we get married (this is unrelated to me wanting to settle down with her - just felt like i needed to say that- i'd marry her if she was dead broke) The reason i mention this is because i don't want to count on that. I want to do everything i can do prepare for our future. She's getting her masters right now and has no debt. She will be done with school in a year and a half. She also wants like 4 kids (starting to sweat as i type that). SO - what do i need to do to start feeling like an adult. I have been EXTREMELY lucky to have such a supportive family and friends and i don't want to squander these opportunities that i have been given. What can i do to prepare for my future and a future for my family that i'd like to have one day? Obviously need a larger emergency fund and need to pay off my car. But besides that what should i plan for? Save for a down payment on a house when i graduate? Stay renting till i increase my salary? Kind of clueless from here. tl;dr - $42k salary with benefits, year left in school, $7000 in debt, $1000 in savings, living rent free for the next 1.5 years, no idea how my credit is, not great at doing taxes or being an adult in general. Thank you all for your help, never thought i'd make a post like this but hoping i can get a little direction. [link] [comments]  |
| Weird question about stolen debit card purchases Posted: 02 Feb 2019 07:40 PM PST Not asking about the legality of it and all, but, my girlfriend had her debit card info stolen and lots of bogus purchases were made. So my question is, is there a pattern to these purchases? Was someone doing just their shopping, or is there some theme in this scam where these are things they could somehow turn into cash? Purchases include a year's worth of natural gas (possibly overseas?), Netflix, cable, a green card, lots of porn, and others. So, shopping list? Or nefarious scheme? [link] [comments]  |
| Posted: 02 Feb 2019 04:19 PM PST Hello everyone, I am looking for an in home job for my wife. Who at the moment cannot work outside of the house. She is experiencing seizure like symptoms when doing thinks that require alot of excertion or when it's really hot. We are working with doctors to help her but they don't yet know what is going on. Im am working at a bookstore and Lyft but our budget is still really tight. I was wondering if any of you know any in home jobs available in southern California. I have done a couple searching but have not found anything. Thank you so much. [link] [comments]  |
| Can they take my Federal tax refund for a state DUI ticket and court fees? In California Posted: 02 Feb 2019 01:36 PM PST I got a DWI and I had to take two classes and pay $3,000 + what the classes cost. I finish the classes, went back to court and it was wiped off my record. We set up a payment plan of $100 a month to pay the court fees and everything. The lady on the phone told me they would only take my state tax refund to pay what I owe but it was a while ago and I didn't know very much about taxes when I was talking to her. I have been on track with my monthly schedule and have never missed a payment. I've even paid extra when I could afford it. Any advice or answers would be great, thank you. ( btw I wasnt driving drunk, I was sitting in a parked car asleep with it on for the heater) but I'm not making excuses I'm paying my dues, just wondering how I'm paying them lol. [link] [comments]  |
| Posted: 02 Feb 2019 05:08 PM PST So, I'm currently fighting myself and was looking for other people's advice on the matter. I'm in the military and I will be moving to Virginia Beach in the fall. Originally my plan was to buy a cheaper house that needs a little work, put some money into it for the 4 years I'm there and try and turn a little profit when I leave. I don't like renting as it seems like a waste of money when I could be paying off a mortgage. I do admit it has its perks though. The problem is I am going to be away from home for 6 month at a time probably each year I'm there. So, does the financial responsibility of a home I will be away from for extended periods of time (and could be damaged, burglarized, etc.) outweigh the financial benefits? I am 22 and single so I don't particularly need a house, as nice as it would be. The military also pays me just shy of 1400 dollars a month meant specifically for housing, so that would be my budget. I also need to buy a car when I get to Virginia which will be a new bill, and I am trying not to overcharge myself. Thanks for any advice. [link] [comments]  |
| Posted: 02 Feb 2019 05:47 AM PST Please be kind, Posting this for a friend.
She doesn't even know how many loans she has, found out earlier this year two have defaulted. Working on getting one out of default.
Income
Without taking on the vast majority of the school loans, we are still $500 under water every month. Genuinely confused how we are making it (are we?) without going into more debt each month. Scared to look at debt consolidation options, not sure what's real vs a scam or how to tell the difference. Her parents cosigned on the loans, they own a house. They are very difficult people, in general. Any discussion of the loans does not go well. They've only been in the house a few years, refinanced last year. Will they lose the house? How can we get out of this? [link] [comments]  |
| Posted: 02 Feb 2019 05:02 PM PST This is my first time posting here. I don't know what to say but really need advice. I am not sure if this is better posted in r/legaladvice or here but here goes. Please point me in the right direction. My mother died 4 days ago and I am trying my best to work out her arrangements but am essentially broke and have a terrible credit score, thus no credit card limit high enough to pay for her burial, funeral arrangements. My brother though is her will executor and I'm sure that he would be able to distribute funds for her burial but he is on a zero tech backpacking trip and won't reach a destination with wifi for approximately another 2 weeks. What should I do in the mean time? Are there any short term financial options for people with terrible credit? Please, any help would be greatly appreciated. I am desperate and distraught. [link] [comments]  |
| Saving for a somewhat smaller purchase Posted: 02 Feb 2019 04:40 PM PST Does anyone have any tricks for saving for small purchases. How do you purchase things like a cell phone, a new television, etc. Do you just shell out the $700 for a new phone when it's needed, do you put it on a credit card and make payments? Your water heater is failing. Pay cash, or installments with interest with the hardware store financing? Do you save $50 a week until you can buy it with cash? Really any purchase between $500 and $1000 in my mind fits here. The dollar amount isn't high enough to warrant any sort of special saving but it is to much in my opinion to just go blow the cash. Does anyone have any strategy on these types of purchases? [link] [comments]  |
| Posted: 02 Feb 2019 04:15 PM PST As the title says, I recently lost my position at Wizards of the Coast. One of the perks of working there was that with every release we got a ton of free product including sealed full sets and rare/exclusive products like the recent "Mythic edition" products and SDCC exclusives. If it came out in the last 5 years, I probably have it. I've tallied up the rough value of my products so far as:
This is based off of averages that the individual products and cards are being sold for on third party sites with a slight discount (about 1-5% depending on the product) factored in. Right now I have $3500 left on a nearly 10 year old student loan, and $5500 on a motorcycle I purchased last year. I'd like to pay that off by selling Magic product but I feel like getting my max estimated value is going to be tough and time consuming. On top of that I worry that I will kick myself for selling some of these things 10-15 years down the road. If any of you were in my shoes what would you do? Sell as much as you can right now to dig out of debt, or continue to hold on to it and keep paying $400 a month. Any advice would be greatly appreciated. [link] [comments]  |
| Posted: 02 Feb 2019 01:59 PM PST My last post was controversial. I am learning taxes as I just opened my first small business. And I am truly trying to pay the least amount I can for now. Legally. As a web designer/social media/promoter, What can I write off/deduct on my 1099? Clothes I buy specifically for meeting clients? Food while working? [link] [comments]  |
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