Personal Finance I researched Cash-Back credit cards so you don't have to [Effort Post] |
- I researched Cash-Back credit cards so you don't have to [Effort Post]
- Couple spending ~$2k/month on food who feels "average"
- I feel bad for dipping into my emergency fund. Has anyone else felt this way?
- I desperately need advice on life insurance money.
- I got my first credit card today
- How bad of an idea is it to quit my job and take a few months off?
- Am I crazy for trying to get an apartment for 50% of my income?
- Massive fail - lost $3200 - biggest financial mistake I've ever made
- All of my credit card rewards points were stolen.
- Hedging RSUs with derivatives
- What do you guys think of the new Apple credit card?
- Apartment complex sent a bill to collections without contacting me.
- I always thought those daytime TV class-action lawsuit commercials were scams. I saw one that could apply to a family member going through cancer treatment. How can I find out more without adding additional stress?
- I made a really dumb mistake that cost a family member roughly $11,000 CAD. Advice is appreciated
- College Payment/Decision
- 19YO, Just looking for financial advice
- Just found out my wife is pregnant, what financial steps should we be taking?
- YNAB or EveryDollar?
- Credit took a hit at the worst time. What should I do?
- Buying an house in Milan
- What would be an optimal allocation of liquid savings vs brokerage investing?
- 401K v Roth IRA
- Questions about a interview
- I have to pay over $3,000 because the insurance doesn't cover TMJ problems. What should I do to appeal my claims?
| I researched Cash-Back credit cards so you don't have to [Effort Post] Posted: 26 Mar 2019 07:44 AM PDT TL;DR:Since the summary table is all anyone cares about, here it is up front. I apologize in advance if any of this is incorrect, I aggregated it by hand in Excel
Best of the BestObviously, these are my personal opinions. This is not financial advice for your situation and you should do your own research before applying for any cards Best All Categories Cash BackIf spending < $1,000 / mo.Citi DoubleCash 2% interest with no annual fee and no restrictions makes this my current catch-all card. If spending > $1,000 / mo.Alliant CU Signature Visa if you plan to spend more than $11,800 / yr on this card then 2.5% cash back more than covers the $59 annual fee, especially in the first year when all purchases receive 3% cash back. CategoriesYou ChooseUS Bank Cash+ Select 2 categories of your choice and receive 5% cash back up to $2,000 / qtr is just about the best I found anywhere. Pretty much the only way I found to beat this is with a small army of cards dedicated to separate categories. DedicatedCostco and Amazon Amazon nets 5% and Costco nets 4% back total on purchases with those retailers if you have a membership. So if you already have a membership and frequently shop at Costco / Amazon both of those cards seem like pretty good deals as well. PromosBy %Chase Freedom Unlimited, US Bank Cash+, & Bank of America Cash Rewards all offer $150 when you spend $500 in the first 3 months which is an astounding 30% back! By $Despite the annual fee Capital One Savor offers a $500 promo if you think you are going to spend more than $3,000 in the first 3 months. Personally I am not a fan of the annual fee associated with this card, but if you are just about those promo offers, $500 is nothing to scoff at. SummarySelfishly, I made this list for myself as I was deciding which cards to apply for. I already have strong credit, but I wanted to find cards that I could keep open long term to build my credit as my lifestyle changes, so my #1 rule was "No Annual Fees." Without an annual fee there is no penalty to keeping the account open by purchasing a snickers once / qtr so my average account age can grow. While there are a few cards with annual fees that have nice benefits, I personally didn't find that they wound up outweighing the chance that my lifestyle would change or a better card would come along and I would need to close the account. Personally, I wound up applying for the Citi DoubleCash & US Bank Cash+. If I find that I am spending more than $1,000 on the Citi DoubleCash I will probably apply for the Alliant Signature Visa since I will be over the breakeven point. As for the US Bank Cash+, I really like this card because I can see keeping it open for quite a long time due to it's great rewards and flexibility to adapt to life changes. Please let me know if I made any mistakes or if you have a better card that should be on this list! Edit: I can't keep up with all the comments so I am just going to list suggestions here without all the details
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| Couple spending ~$2k/month on food who feels "average" Posted: 26 Mar 2019 10:40 AM PDT Lede: "As the example of one New York City couple shows, you and your partner could be making $500,000 a year and still end up with very little besides 401(k) money." What I don't understand is how a couple with two small kids needs to spend nearly $2k a month on food alone. Those toddlers must be ravenous. I am always surprised by the way people talk about the inevitability of spending in a HCOL of living area in these articles. Feels like a learned helplessness tbh. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| I feel bad for dipping into my emergency fund. Has anyone else felt this way? Posted: 26 Mar 2019 04:58 AM PDT My wife and I are in our mid 20's and pretty financially stable. Apart from the house we just purchased a couple weeks back, we have no debt at all. Since we have bought the house, and the weeks leading up to it, it seems as if everything has gone against us financially. I had to purchase a new car two weeks before closing because mine was totaled. Add that amount on top of all the new expenses that come with purchasing a home for the first time. We have had to replace appliances, call plumbers, the ceiling is leaking whenever someone uses a particular shower, etc. I realize that it could be much much worse, and for that I am thankful. It is at this point that we are starting to dip into our emergency fund. We spent awhile building up this fund and it is sitting at a good number. I just feel bad and everything in me wants to avoid transferring money out of that account, but the last thing I want is to have a balance on the credit card that we can't pay off right away. Does anyone else ever have this feeling? Edit: By new car I mean new to me. Still 7 years old, but newer than my previous car Thanks for all of the kind words, everyone! [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| I desperately need advice on life insurance money. Posted: 26 Mar 2019 06:32 PM PDT My father recently passed away and I will be getting 150k from his life insurance policy. I've never had this much money in my life and it's more than I would make in like 7 years at any job that would hire me. I have zero experience with anything. I'm thirty-three years old and literally have no real life experience. I spent the entirety of my twenties being a caretaker for members of my family. Mainly my mother who took years and years to die from lung cancer/COPD. I'm very ashamed of this. Not that I was helping my family, but that I have absolutely nothing to show for more than a decade of life being lived. I know 150k isn't a mil, that it isn't going to last me forever and that it's not going to be able to accrue enough interest to live off of forever, but to my hands it may as well be 10 million dollars because both sums are well above the threshold that I can personally comprehend. I need to know what I should do with this money. I don't know much, but putting 150k into your checking account doesn't seem like something you should do. And I want to ask you guys instead of a bank because... well I don't know why I would trust internet strangers more than a bank, but I do. Edit: Not sure if I put the right flair on this, sorry in advance if it's not. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| I got my first credit card today Posted: 26 Mar 2019 07:06 PM PDT Honestly surprised they approved me with no credit history what so ever. The card is a Visa from 1st Financial Bank USA. I received an offer about a month before my 18th birthday to apply. (Obviously had to wait). 0% for first year, then 32.15% as of today. $0 fee for first year, then $25. Initial credit line of $150. I think I'm off to a good start. Is this a good card? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| How bad of an idea is it to quit my job and take a few months off? Posted: 26 Mar 2019 01:32 PM PDT I'm currently in my late 20's with no kids. I have about a years gross salary in my savings (40k). I don't have this money saved for anything in particular I've just been stashing it away. I typically only spend around $1,500 a month on everything I've been working jobs I hate since the 12 grade and honestly can't remember the last time I had more than a week off in a given year. I'm looking to make some career changes but I'm wondering what's the harm in taking the summer off? I have a business degree and live in NYC if that's relevant. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Am I crazy for trying to get an apartment for 50% of my income? Posted: 26 Mar 2019 04:10 PM PDT About Me: I earn about $2600 a month as my take home. My regular monthly expenses are student loans at $218, car insurance at $98, a credit card payment of roughly $400 a month (including food, gas, haircuts, and cellphone bill). So very roughly I have $1882 to start with. I am absolutely sick and fed up with roommates and refuse to consider the idea. I'm looking for an apartment but the only 'decent' apartments in the area are $1200+. The apartment I looked at has a starting price at 1250, but is closer after fees to be around $1300 which is hitting my 50% mark, and that is BEFORE i even account for electric and cable. The location is very convenient being 5 minutes outside of my work. The only other living options is about 20-30 miles away and many of the apartments are in the $1000-1100 range and estimating on gas and car wear would be around $1200-1250 by my estimates. Is this a good idea? Am I setting myself up for a big fall? Or can I get through this with adequate budgeting without extreme measures? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Massive fail - lost $3200 - biggest financial mistake I've ever made Posted: 26 Mar 2019 02:20 AM PDT I got a new job in June and signed up for the all the benefits. They offer a dependent care FSA. I decided to put in an amount equal to my monthly childcare expenses of $450 a month. 400*12=$5400 Turns out that $5000 is the yearly max, so that is the amount I put in the yearly expenditure box. I guess some of my expenses won't be tax deductible. No big deal, right? Fast forward to January. I have done some reimbursements, but my balance is now at $3200. I see the wording: "Submit your claims by June 30, 2019 for eligible expenses that you've had through December 31, 2018, or you'll lose your remaining 2018 money." I suddenly realized that HR had accelerated my pay schedule to about $400 per paycheck rather than $400 per month. So now I have $3200 in an account that I can't use and it will expire in 3 months. FML. Does anyone know a way to recover any of this money? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| All of my credit card rewards points were stolen. Posted: 26 Mar 2019 03:17 PM PDT Hi everyone, I hope I am posting this in the correct sub reddit. As the title reads, all of my rewards points with Chase were cashed out and transferred to an outside institution. I really don't know how this could have happened and has left me confused. Chase has records says they received a call from my phone number asking my points to be consolidated and initiate a transfer. The thing is, I never called Chase. They also said I had given them the verbal password in order to get this executed. From their understanding as well as mine, my phone number was somehow "spoofed" to appear as the call was coming from me. However this does not answer how they obtained my VERBAL password. I have reported this to Chase and am in the process of getting points back but this whole situation made me uneasy and question if I was a victim of identity fraud. I've since put out credit monitoring alerts and had to change my phone so any calls with my old number would be flagged. Its been a real pain, cancelling everything and setting up new accounts. Luckily, the points were the only thing that was stolen. I still don't have any clue what identity information of mine is leaked or if this is a one off. Please check your banks/points balances of suspicious activity everyone! Has anyone been in a similar situation? TL;DR - My phone number was "spoofed" to call my bank to cash out all my rewards points. Don't know how this could have happened. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 26 Mar 2019 05:57 PM PDT I will be moving to the US for a new job at the end of this year. A sizeable portion of my compensation will be in the form of RSUs. The initial value of the RSU grant is fixed at X dollars. The total number of RSUs that I will be given over the next few years is X / k, where k is the share price about a month after I start the job (near the end of 2019). The company that I will be working for has seen rapid growth over the past two years. Since my RSUs aren't going to be priced for almost another year, I'm concerned that I might be missing out on some great growth right now (the lower the price when I join, the more RSUs I will receive). Does it make sense to purchase calls (or some other kind of derivatives/options) to hedge the case for significant increases in the company's market value over the coming year? Assuming that the company doesn't crash and burn, I see the following outcomes: 1) share price remains the same, I lose out on the cost of the options with no real benefit, 2) share price rises significantly, I receive fewer RSUs, but I can cash in my options to make up for the difference. What do you think? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| What do you guys think of the new Apple credit card? Posted: 26 Mar 2019 06:29 AM PDT It seems like a nice way to integrate online banking if you have an iPhone, but I was put down when I saw the issuing bank was Goldman Sachs. Apple Pay does seem secure, but I have a hard time believing Goldman Sachs isn't going to abuse user data in some way. The cash back is generally 2%, but I've seen better elsewhere. I'm curious what the more experienced users have to say about Apple Card. Any glaring red flags that stand out? Website: https://www.apple.com/apple-card/ [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Apartment complex sent a bill to collections without contacting me. Posted: 26 Mar 2019 07:28 PM PDT Hey guys, first post here. Im in CA and I moved out of an apartment in October 2018, with the lease being up in December (new apartment had a bitching deal and 2 months free rent). 1st/2nd week of December, I went back and paid the last monthly bill And utilities and everything was paid in full. I asked them for a final walkthrough since I was taking vacation, and I wouldn't be available for the final walkthrough at the end of December. The leasing consultant and I went into the apartment, and she stood at the doorway and said I don't see anything major. Cool. Last day before the lease expires, my girlfriend is still in town and goes to turn in the keys. They got a maintenance crew member to go with her for the last walkthrough. Of course they see all of these things that they're going off on. We had 2 dogs and they did some damage, no complaint there. They messed 2-3 spots on the carpet from accidents all of them about the size of a softball. 1 on the main floor and two on the second floor of a 1200 sq ft loft apartment., other than that, carpet was good. We vacuumed and tried to keep it in good order. Dogs also scratched at a door, removing paint. Fully expected to pay some damages that were not included in my 1000 deposit (500 pet and 500 for standard deposit). They walked into the bathroom and said the bathroom needed heavy cleaning. My gf said I've been trying to clean this for months...how do you clean it?? Maintenance guy laughed and said he doesn't know and just lets the cleaning crew do it. We tried CLR, vinegar, bleach, nothing worked. The water in this place was so hard, that it ruined my dishes. I couldn't drink the water, and I couldn't use the water to soak anything in. All you got was a calcium stain on everything..... even plastic. So of course the bathroom needed a deep clean, the calcium stains mixed in with god knows what made it look like a horror movie. All in all they said here are some prospective charges that we think may be in place, but nothing is final: Partial paint 450 ( they said they needed to paint everything because we used pushpins instead of nails, and because the wall is textured, it costs more money.) Pet urine test 55 - this is always conducted on an apartment that has pets - no complaints. Carpet clean - 132 this was if they didn't have to replace the carpet. We moved in to a new carpet. No complaints. Heavy clean - 440 Carpet replacement 1500 - if carpet needed to be replaced, I didn't think it did so I wasn't too worried. Door replacement - not even listed. Gf left, and we never heard from the apartment ever again. Fast forward to today (March 26th, 2019), I was out riding my motorcycle, and I get home and I have missed calls and texts from family members and friends.... I thought the worst. Someone had passed. Called my mother and she says some debt collector has been trying to get in contact with her on me and my girlfriends behalf. My mother said that they've been calling for a couple of days already. Same with my friends. My GF (who was living with me and on the lease) got the same calls from her sister. These were all of the people that we listed as references at this apartment. I look at my history and they haven't called me, I ask my gf, and she states that no one has called her about this either, but my mother has already been getting calls?? Why do they call up references before calling me?? As I'm on the phone with my mother I see a call from them.. I let it go to voicemail to see if they leave anything. They leave a voicemail. I call back up the collections agent a couple of hours later and no answer. They're calling from NC so i figure it was closing time for them. So then I call the old apartment and ask them what the hell is going on. They stated that we had these charges and that we were trying to email you and mail you this bill of $2700. I told them I ever got any of these bills. They asked for my address so they can mail me a copy of the list of charges. I know they have my info because The complex forwarded me my personal mail pieces the first 2 weeks after I moved. I know they have my physical address. I got plenty of emails from them when I was living there, I know they have my email. And my number hasn't changed in forever, so they had my phone too. Why not send me a bill?? They said they sent out a bill on Jan 1st. And that was the only thing they did to reach out to me. Once again, I had mail pieces forwarded to me from the old apt to the new one, so they had my address... I know I have to pay, but now I have a collections account on my report.... and I'm trying to buy a house, which of course can depend on your score if you're approved or not. I know I have to call the debt collector, but I don't know what to do... argue the charges?? Say I didn't know??? What do you guys recommend?? I'm completely lost and sidelined by this... I'm in a weird state of disbelief while being incredibly pissed off that they're harassing my friends and family and kicking myself in the butt for not being proactive. I don't know what to do.... TLDR - apartment complex sent a bill to collections that I was expecting to get, but never got it. Months later a debt collector calls my family and friends to get the money. I just really pissed off and reading post this out loud makes me feel even worse because it's my fault.... But I have to do something.. I can't just fork out 2700 like it's nothing. 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| Posted: 26 Mar 2019 07:24 PM PDT I always thought those commercials were scams but I saw one that could apply to a family member going through cancer treatment. Is there a way to look further into this without adding any more stress to their current situation? If it is legitimate, it could help out with bills since they are unable to work at the moment but I feel like it could just add increased stress to their already horrible situation. Has anyone had experience with the as-seen-on-tv class-action lawsuit claims? Were you able and how did you research it before speaking with someone? If the outcome was in your favor was it worth the time/ effort/ etc? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| I made a really dumb mistake that cost a family member roughly $11,000 CAD. Advice is appreciated Posted: 26 Mar 2019 07:24 PM PDT Alright, so as the title suggests, I made an incredibly stupid mistake that ended up costing a family member a large sum of money. I do not wish to state what exactly happened for personal reasons, but it isn't anything illegal or unethical. He isn't angry with me, he's just extremely disappointed. How would I, a high school student, be able to make that money back and repay him as soon as possible? What saving methods should I use? Jobs? Any advice is appreciated, and thank you for your time. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 26 Mar 2019 07:22 PM PDT Hey everyone, so this is my first post here and I'm not sure if this is the right place to post it so let me know if I should take it down or move it. So I recently got accepted to two great schools (woo!) and I'm definitely going to one of them. My decision at this point is based on a number of factors but most importantly is the cost. I got into an in-state school with a total cost of around 1/3 of the other school I was accepted to. I'm very grateful that my family has built up a decent sized college fund that would allow me to go to the in-state school and graduate with little to no debt. However, going to the out of state school would mean we have enough saved up to pay for two years of school, but I would need to take out loans to cover the last two years and this school is not cheap at all. My family is well off, but not so well off that the cost of either school is something we couldn't think about. The money we get from the FAFSA is pretty much negligible :/ Both schools are great schools, and I would be happier going to either. However, I think the one out of state would have more opportunity for me as it's in a much bigger city and I think I would have a great experience. So, is taking out around $150,000 in loans worth it to go to a school farther away? Should I commit to years of debt before I've left high school? Thanks for any advice or suggestions. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 19YO, Just looking for financial advice Posted: 26 Mar 2019 05:26 PM PDT I don't have any major crisis right now, I just want your advice on what I'm doing and what I could do better. To start, I messed up and got two loans from Sallie Mae with crazy high interest rates for my one year of school before I dropped out. I want to refinance them but the only lender that will refinance drop outs is Citizens Bank (or so I've found in my research) but they require 12 on time payments to your current lender, and I'm working on that. I started making payments in December when my grace period ended. I'm about $18K in debt at ~12% In January I got the PNC Cash Rewards card with a credit limit of $500. I use it for the cash back rewards and to help build my credit up. I never spend more than I have in my checking account, try to keep to 30% of my limit, and pay it off weekly, never kept a balance. I would like to increase my limit so I can maximize my rewards without going over 30% of my limit. I make about $1,600/month In a month I spend: $325 - Rent $60 - Car Insurance $200 - Groceries/Restaurants $250 - loans $200 - Gas $200 - Free spend $5 - Subscriptions =~$1,230 in expenses with about $375 left over I just moved into an apartment with 2 roommates recently so a lot of my extra money has gone to random household things and car repairs, I've just recently started to really break even. I've started to build my saving for an emergency fund (the goal is about 3 months). But I don't know how far I should build that before I start hitting those student loans hard. Also, how big of a deal is % if credit limit on credit score? I've heard conflicting/confusing advice on this sub. Thanks for the help! [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Just found out my wife is pregnant, what financial steps should we be taking? Posted: 26 Mar 2019 05:19 PM PDT Super excited/nervous. We have no debt, an emergency fund and are saving an ok amount. We are firmly middle class without great income but doing ok. What do you fathers/mothers wish you would have known financially during pregnancy to prepare for your child? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 26 Mar 2019 06:35 PM PDT My husband and I are working hard to pay off debt and get our finances in order. We currently live paycheck-to-paycheck and motivated to break the cycle. We've been using EveryDollar to budget, but I'm not sure I'm sold on it. I really struggle with sinking funds with it. So, I started looking into YNAB and I feel like it might be a better fit. What are your thoughts on the two budgeting tools? Do you have a preference? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Credit took a hit at the worst time. What should I do? Posted: 26 Mar 2019 04:27 PM PDT I've been slowly but surely repairing my credit for the last two years, knowing that I'd have to look for a new apartment eventually. That time has come, and I found myself with around a 670 - not great, but passable for what I'm going to need apartment-wise. Here's my problem: I've been making a couple of moves the last month or so, and I just opened a $1500 balance transfer card while paying off some of my $4.5k (now $3k) credit card debt. I had ~$3k on one card, $1500 of which I paid off in cash & $1.5k of which I transferred to the new card, which has a $1.5k limit. I also have $1.5k on another card. Because the new card is at its limit, my Experian score went down 77 points to 598. :( My FICO score also went down to 633. This couldn't have come at a worse time. I know my score will probably rebound in the next few weeks, but that's not soon enough, as the apartment hunt is happening now. I'm tempted to make a large payment on my balance transfer credit card right now - like $500-$1000 - to bring it down from its limit, but I'm afraid to throw that much cash at it if it's not going to make a difference and SOON, like in the next week. What should I do? I could really use the $500-$1000 payment I'd be making for moving expenses - I'll be cutting it very close without it. Plus, paying down the balance transfer credit card that is accruing no interest defeats half the purpose of getting the card, which is to pay down the other card which does accrue interest. But I guess I'm willing to take a small L if it means I can get my score back up for moving purposes. Thanks for any help you can offer me. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 26 Mar 2019 02:07 PM PDT I'm 27 and I've been living for 4 years with roommates in Milan (Italy). I now decided it's time to move somewhere else, alone for now, with my partner in the next future. I currently pay 450€/m to rent a room. The alternatives are now: -Renting a 2 room apartment (you would need at least 700€ for an entry point one, 800€ for a slightly better one); -Buying a house: I read it could be a good moment because of the low mortgages. This time I would need to pay from 130K to 150K to stay in the same situation of renting. I've got 85K in bank. I have got 24K net year salary. I usually spend ~300€/m to live here. I don't think I'm going to move in the next 5 years. What would you do if you were me? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| What would be an optimal allocation of liquid savings vs brokerage investing? Posted: 26 Mar 2019 04:03 PM PDT So I'm looking to get peoples opinions on what to consider when deciding how to allocate savings. I've created a rough budget for how I expect my finances to look when I graduate college and start working in August. I'm fortunate enough to be able to live at home rent free for a couple years, and according to my calculations I should be able to save around $25,000 over two years, after a 10% 401K contribution on a $64,000 salary. I also have a fuck ton of student loans (125k to be exact) and that 25k number is after paying $300 above the minimum payment per month. Obviously liquid savings are very important and I plan on opening an HYSA once I start working. But I also have a Schwab brokerage account that I use to invest into index funds, specifically a 3-fund "lazy portfolio." How should I approach the allocation between the two? Should I even consider increasing my 401K contribution as another option? Should I snowball my student loans even further than already planned? Any advice would be appreciated. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 26 Mar 2019 07:46 PM PDT Hey All, I'm very new to retirement planning and still trying to learn, but I've been going through a few Roth IRA or 401K threads and had a question. My main question is what's the difference?(besides that my company matches my 401k to a certain percent) I'm seeing a lot of posts saying max your 401k to the match and put the rest in your IRA. I can contribute to my 401(k) post tax similar to my Roth IRA. The main differences to me seems to be that I have a wider array of investment options for a Roth IRA. But is that a significant reason not to put all my retirement savings in my 401k? I have a larger limit on how much I can put in my 401k as well. Any advice would be appreciated! Thank you! [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 26 Mar 2019 07:45 PM PDT Just applied to a position at ADP (Financial Analyst entry level) and got a call back very quickly... did the standard S-T-A-R interview via phone, and then was told the VP would be calling me Friday for a interview, is this a good sign?? Pay rate is beyond what I was expecting as in a entry level position [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 26 Mar 2019 05:31 PM PDT I've had TMJ since the beginning of the year. One day my jaw pain got so bad that I couldn't even talk, so I paid a visit to my PCP, who referred me to a pain doctor, who ordered me an MRI and physical therapy. For the past two years that I've had this insurance, I only need to pay a small portion of the fee even before the deductible because of my health plan discount. LITTLE DID I KNOW, I have to pay FULL AMOUNT this time for all of my doctor's visit including the MRI. It's over $3,000 in total. When I called the insurance, they told me my plan does not cover treatment for TMJ, and they said ONLY they know that TMJ is an exception under my plan. It is not written in ANYWHERE on the explanation benefits which are listed on the website. Basically, the only possible way for me to avoid this payment in the first place is to call them before I visited the doctor, but how could anyone possibly know that something is not covered if they didn't even bother to write it down on the explanation of benefits? I am planning to appeal this claim, but I have no idea what to do. What should I write? Is there anything I can do to win this case? [link] [comments]  |
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