Personal Finance How blunt should I be with tech recruiters? |
- How blunt should I be with tech recruiters?
- How much a beater car costed me over a year.
- I turned my in 2 weeks notice, as i am resigning. HR wants their sign on Bonus back with the taxed amount. Is this normal ?
- Son purchased his boss's small business
- How likely is it that social security will still be around for my retirement? (Currently 24 years old)
- Leaving a company, company wants "spot bonus" back despite no repayment agreement.
- "Switch jobs every couple years or you'll earn a fraction of a what a new-hire makes." How do I know what that market rate is?
- Paying off the last of my CC debt
- Dominos account got hacked.
- Checklist by age of stuff you ought to have
- To rent forever and contribute to retirement or meet company match and save money for down payment?
- Shady Hospital Billing
- Will a Capital One Savor Rewards Card Work in Europe?
- Bank took a $400 currency exchange fee even though they said there would be no fees
- Turns out my recently deceased mother opened a credit card in my name without my knowledge, which currently has 500 dollars in debt (not yet due). I suspect the account is contributing positively to my strong credit score. I can afford to pay off the $500. Should I pay it?
- Received a seemingly good job offer, but feel like there’s going to be a catch somewhere down the line
- How to budget for food (2 people) on a $1000 budget for 9 weeks?
- Does anyone use M1 to invest?
- Terrible turn of events, suddenly disabled and can’t pay unsecured debts
- Going all in on ally?
- I am an artist and someone commissioned a $20k project from me. Not sure how to handle the money.
- Should i get another loan to pay off my car (US)
- Withdrawing "seed money" from business account
| How blunt should I be with tech recruiters? Posted: 30 Apr 2019 06:02 AM PDT Right now I make a good salary for my position. I've been at my current company for 5.5 years, so although I'm comfortable here and I'm paid well, I wouldn't mind leaving for an even better offer. Is it rude to basically say to these recruiters reaching out, if you can offer me more than X then I'd be interested. Or do we have to keep pretending that money isn't one of the biggest factors in life these decisions? [link] [comments]  |
| How much a beater car costed me over a year. Posted: 30 Apr 2019 08:52 AM PDT On mobile so format isn't the greatest. I got a beater, 1300$ 2000 civic 150k. NYC area. Here's my experience and cost. Ran good for 3 months and broke down Issue: alternator-$120 , 4 hours of going along with a YouTube video later it was fixed.(my first time working on a car and had to get the hang of things, i changed alternators again in my brothers same Civic and only took me 1.5 hours) while i was changing the alternator i changed the belts too so i totaled $150. Engine mounts -$25 Exhaust has rotted beyond repair and was loud. i was embarrassed to drive it so i had to change it, $150 later i had a new stock exhaust, gaskets, and sealer. 3 hours later and i was done. Oil pan wouldn't unscrew so i just changed it, 90$ for pan gasket and sealer. 2 hours of labor and done. I purchased a set it rotors, breaks and calipers for around $120 and have yet to install them. Those are the main issues I've had and here's my cost and real cost total. Cost- Car-1300 Alternator and belts-$150 mounts -$25 exhaust-$150 oil pan-$90 breaks-$120 TOTAL-$1735 Ive had the car for over a year and it runs perfect and I put around 15k miles into it. Love it. 25$ a week and I'm set on gas. I see $1000 -$2000 Civic all the time on Facebook market they're not unicorns. Now time for the real cost- I had to buy the tools to work on it since I had none and have no mechanic experience. Harbor freight is basically heaven. Sockets -25$(honestly you just need a short and long 8mm/10mm/14mm for 95% of the things i did) socket extenders- $8 jack and jack stands- $150 wrench and breaker bar-$35 torque wrench- $30 gloves-$5 electric socket wrench-$85 (you do not need this it was just on sale and I got it later near the time i did my exhaust to make life easier and it honestly did) goggles-$4 crappy jeans and sweatshirt from Goodwill-$10 TOTAL $352 hours of labor- 9 hours. hours of research- I'd estimate 4 hours. Real cost total- $2087 Note- With a beater car you are almost expected to do some work yourself and you HAVE to put some of your car budget for tools. Mechanics wanted to charge me $350+ for each of the things i listed and if you can afford that then great, but i couldn't. PROS- You will learn about cars and you will feel more comfortable fixing just about anything with your car, is cheap and honestly fun. Cons- -Will require time and tools to fix the car. -Something might happen anytime since it's a car from 2000 - you will spend more time on forums and YouTube finding a solution to the car issue. This is the price of I paid for a beater car, and with the knowledge I gained doing this i managed to go into some random persons house who had a 2000 Civic just sitting in his driveway and after telling me it's broken i purchased it for $200. The timing was off, took me 5 hours to fix and i drove it home, later the alternator broke and after that i got my brother a car. I purchased some other things like spark plugs and engine starter fluid, ectect bringing the grand total to $500. This is my experience with beater cars and I hope you learned something from my journey. [link] [comments]  |
| Posted: 30 Apr 2019 04:32 PM PDT Hi Reddit, I need your help with this. So when I was offered the job I was given a $5000 sign on bonus , with a condition that I'll have to return it if I leave the company in the first year of employment. When I received the bonus, I just received $3000 of it, as the rest was taxed. But now that I am leaving (within the 1st year) the company wants me to write them a check for $5000. Is there any way I can fight this ? Or, is there any way I can get the $2000 that I was taxed, back ? [link] [comments]  |
| Son purchased his boss's small business Posted: 30 Apr 2019 10:33 AM PDT My son is 25, the owner of the dry cleaner/laundromat is retiring and asked my son if he would like to buy the store from him through seller financing. The owner and my son went to a business broker who valued the business at $800k. My son was the manager of the store for 2 years now, and had enough to pay a down payment. Now that the store is in my sons hands, his income has gone up exponentially. The EBITDA is around $260k-$300k. He's currently paying the owner back most of that money. When the debt is paid back, how should he handle this money? We don't have much financial knowledge of investing apart from the banks financial manager's advice. Should I advise him to speak with a wealth manager? [link] [comments]  |
| Posted: 30 Apr 2019 11:22 AM PDT Any good readings or sources that talk about the future of social security? [link] [comments]  |
| Leaving a company, company wants "spot bonus" back despite no repayment agreement. Posted: 30 Apr 2019 06:53 PM PDT I've been working at my current employer since September 2017. Back in November 2018, my current employer gave me a "spot bonus" of $25k. They never actually informed me that I was receiving the bonus, and I certainly did not have to sign anything to get it. It was simply added to my paycheck with the note "spot bonus". Cool, I thought. Fast forward to today, I've given notice to leave the company. HR informed me that because I am leaving the company less than 12 months after receiving the spot bonus, I have to reimburse them for the amount. This leaves a bad taste in my mouth because 1. it was a bonus for past work, not retention and 2. they never informed me that I would have to return the bonus when they awarded it to me. I checked my offer letter to see if anything is mentioned there. When I signed with the company, they offered me a signing bonus that I would have to repay if I left within 12 months of signing, but I'm clearly past that. It doesn't mention I have to repay any other bonuses. HR is only asking for the bonus I received in November and not the bonus I received when I signed. Do I really have to repay the bonus? [link] [comments]  |
| Posted: 29 Apr 2019 11:39 PM PDT I've been at the same company for 5 years and feel like it would be very hard to find a company that pays what I'm making now. However, that seems to go against all experience on this sub. How can I be sure what market rate truly is to make sure my gut feel is accurate? Salary.com feels a bit too generic but maybe the obvious answer is the best. [link] [comments]  |
| Paying off the last of my CC debt Posted: 30 Apr 2019 11:14 AM PDT Hi folks, I've checked out the wiki, but some additional advice would be helpful. Last year was kind of a shit show and I ended up accumulating ~12k of cc debt (grad school with minimal stipend, escaping an abusive relationship in a HCOL area). I've stopped using my cards, got a higher paying job, and now I'm down to only 3k of debt with 1.99% interest. I'm moving into housing that is less than half as much as what I pay now, so that will increase the amount I'm able to save per month. I have been maintaining an emergency fund of 1k, but that seems a little skimpy. As of today (pay day- woot!) my numbers are as follows: Emergency Fund: 1k Checking: 5,400 CC: 3k @ 1.99% Monthly Income: 4k Monthly expenses: 3,000 This month- It will go down to 2,200 when I move at the end of the month I am also expecting to get my security deposit back when I move ~1,300. My question is- should I try to pay my debt off (or most of it) this month, or should I work on building my emergency fund and pay off the debt over the next 3 months? I am really excited to get rid of the debt, but I know how useful it is to have an adequate emergency fund. Thanks! [link] [comments]  |
| Posted: 30 Apr 2019 03:06 PM PDT My dominos account was hacked and someone from NY used it to order themselves pizza. I've got a hold of their phone # and address because the idiot put his own info. I've file a police report already. My only question is can he do anything with te information y dominos account has? Just my name, address, email and debit card that I already canceled. Any advice is appreciated thank you. [link] [comments]  |
| Checklist by age of stuff you ought to have Posted: 30 Apr 2019 09:55 AM PDT My parents are aging, and divorced. I'm looking into getting Durable Power of Attorney for both, in the event they are briefly incapacitated and someone needs to pay their bills. Guessing I should also have a healthcare directive talk too. This leads to my question - what items/documentation should a person have at what age over their lifetime? Both parents are working class, not millionaires, but in the normal event of their decline I'd rather be prepared than figure it out while stressed in 10 years. Thanks in advance. [link] [comments]  |
| To rent forever and contribute to retirement or meet company match and save money for down payment? Posted: 30 Apr 2019 10:12 AM PDT The situation I'm in is that I have no debt, in my upper 20s, married with two kids. My finance breakdown is below: Emergency fund: 21K Car fund: 10K Misc/extra savings: 7K + 3K in checking Roth IRA: 36K 401K: 5K No debt I am contributing 12% to 401K currently, 6% to my HSA account, and maxing out roth IRA every year. Now, at this rate of contributing 12% to 401K and 6% to HSA, I will be putting in an extra 12K into my savings account from my paychecks from the take home, which I will drain into roth IRA every year in January (6K limit per person, one for me and one for my wife). However, if I wanted to buy a house in the next TEN years, I will have to go down on 401K contrib to the minimum before losing employer match and go down on HSA contrib as well. The housing market in our city is absurd, where a 3 bedroom condo will be anywhere from 800K to a million. 20% down payment will take me 10+ years of saving to have enough to put down, while putting 10% down will take 7 or 8 years. I just can't fathom having to save for SO LONG just to put it into a down payment. After reading this article on how housing prices have not gone up as fast as investment funds, I thought that maybe I just want to rent forever and keep investing in my retirement that has a higher return. I know that owning means you're building your wealth, but can't you just rent until you die if you have enough in your retirement fund? I'm fairly certain we will still be living in this city in the next 3-5 years, but can't guarantee anything beyond that, as we have no family here and might want to move at some point... [link] [comments]  |
| Posted: 30 Apr 2019 05:53 PM PDT Hello, I went to get my one free annual visit covered by my insurance. I go through all of the routine stuff, consistently asking the doctor and nurse that everything we do is covered. We finish up, and a few weeks later, I get a bill saying I owe $100. After being bounced around multiple times between the insurance, the hospital, and the hospital's billing department - we find that I'm at fault because I didn't explicitly tell the doctor and nurse that I wanted my lab work to be completed by the companies only my insurance covered. Is there any recourse here? Edit: Thank you for all of the advice! [link] [comments]  |
| Will a Capital One Savor Rewards Card Work in Europe? Posted: 30 Apr 2019 07:21 PM PDT I'm traveling to Ireland at the end of May and I'd like to know if it will mostly be accepted there. I need a card with no foreign transaction fee(my Discover or Chase card ain't gonna cut it) and its other rewards and features are right up my alley. It doesn't appear to be co-branded with Visa or Mastercard like some of the Capital One cards, and my research hasn't yielded any definite answers. Thank you to anyone who can provide some context. [link] [comments]  |
| Bank took a $400 currency exchange fee even though they said there would be no fees Posted: 30 Apr 2019 05:41 PM PDT I converted about $4,000 worth of Thai baht to USD in November. While I was still in Thailand my mom contacted my bank and asked about exchange rates to which they assured her there were no fees. After returning to the US I also talked to the bank and was again told there would be no fees and I'd receive the exact amount. A bank employee even called some help center to verify and I heard that person say there were no fees. Well surprise surprise, the exchange gets deposited into my account a few weeks later and they took a 10% fee. The bank employee who I met quit the day after so I am now working with another employee named David. David seems to be completely on my side and filed a report saying I deserve to have that fee reimbursed (he said from their end they can't even see that fees are included or something, seems hidden in the wording). However, my case has been passed on to four other people because no one knows how to solve this issue apparently. I am about to move abroad for two years and would like to get this money back before I leave. Is there anyone else I can complain to about this? Thank you very much! [link] [comments]  |
| Posted: 30 Apr 2019 05:32 PM PDT I am in the process of trying to gain access to the account, which I didn't know existed until recently. I suspect she opened it for my benefit to establish good credit in my name. My sister and sister-in-law felt strongly that I should refuse to pay/explain to the bank that it was fraudulent because the account and its payments were not made with my knowledge. I'm not sure what the best course of action would be. [link] [comments]  |
| Posted: 30 Apr 2019 05:29 PM PDT I just got hired for a sales type position, in which they advertise a certain new product that has 15 different uses. It was apparently made in collaboration by 4 leading technology companies. My work day will be as follows: I come in at 10, coordinate with my team, do 3 separate presentations of the product at people's homes/offices, and can leave whenever the team is finished. The company offers a flat monthly salary that is paid out every week. I think commission may be involved if the sale is successful. I did an in-person interview and I really liked the woman and the idea of the position. We shared a lot of the same values in providing a great experience for the customer, and it seemed like a selective process. I guess I feel like it's almost too good to be true, but at the same time they offer no real benefits (401k, insurance, etc) which may balance out the seeming ease of the job. They have a company website, but there is very little information aside from testimonials. I tried finding the product based off the company names and nothing came up. Maybe I'm too used to working in an international retail store where everything is laid out, but I'm wondering if it's normal in today's day and age to have so little information about your company available on the internet. I plan to keep a few shifts at my current job to balance things out. I'm just wondering if there's a looming red flag I'm failing to see here. Sorry if this was all over the place. I don't know i I should be excited or confused right now. [link] [comments]  |
| How to budget for food (2 people) on a $1000 budget for 9 weeks? Posted: 30 Apr 2019 07:00 PM PDT Hey everyone! I'm a college student who won't have a job over the summer, and I'm covering food for both my partner and I when we live together for approximately 9 weeks. I have about $1000 saved up that'll be spent purely on food, and we live right next to a Whole Foods. Since we are without a car, that's most likely where we'll be doing our grocery shopping. We have some leeway as well since my partner's mom will most likely give us some basics like rice. Is it possible for us to eat healthily and comfortably (i.e. eat until we're full; I eat a regular portion-sized amount of food and my partner eats double of what I eat) with this amount for the 9 weeks that we'll be together? Thanks everyone! [link] [comments]  |
| Posted: 30 Apr 2019 06:47 PM PDT I am about to graduate and start my "big boy" job out of college. It will be the most money both my wife and I have made in our lives and we want to start putting away money now. My question is, does anyone use M1 app primarily for their investments? Will I have access to these accounts outside of the app? Just wondering for the long term sake. If M1 somehow goes belly up how do I access my accounts? Thanks guys. [link] [comments]  |
| Terrible turn of events, suddenly disabled and can’t pay unsecured debts Posted: 30 Apr 2019 06:41 PM PDT Texas. To summarize, after having great credit for the past 15 years, I've been suddenly disabled and can no longer afford to pay any of my unsecured (credit card) debts. $30,000+ I have no choice but to no longer pay them. No real assets (rent, one car), only disability check coming into a single bank account and no other income. All savings were blown in no time with the disability. What's going to happen and how bad is it going to be? What can I do other than just stop paying, which is the only choice I find myself with? I currently have no need for good credit, so I'm not worried about that. More worried about going to jail or losing transportation because I can't pay. [link] [comments]  |
| Posted: 30 Apr 2019 06:32 AM PDT I've been a long time lurker and I have one simple question. I am really a fan of Ally bank. Their APY alone is enough to switch. I have been hesitant to move my main banking to them. Maybe because there isn't a brick & mortar but to be honest, I never even go into the bank. Has anyone else gone 100% to Ally leaving behind (BOA) their bank? I do have a credit union in my state with a safety net in it jic. Thanks [link] [comments]  |
| I am an artist and someone commissioned a $20k project from me. Not sure how to handle the money. Posted: 30 Apr 2019 07:43 AM PDT I am an artist (video effects) and someone has commissioned a project from me for $20,000. Half of the cost will be spent outsourcing a VFX company to pre-process the footage before I work on it, leaving me with ~$10k payment/profit. I am not a business and I'm not sure if more projects on this scale will come my way in the future, so I'm not sure if I should handle this as a one-time sole proprietorship deal, or if I should register an LLC and handle all of the money that way. I am in California, and there is an $800/year fee for LLCs. My main concern is how to cash a $20,000 check (actually 2 checks for $10,000. 50% up front, and 50% upon completion) and handle it properly so that I don't have a huge surprise next year at tax time. I hope I have provided enough info, but please let me know if you need more. Thank you [link] [comments]  |
| Should i get another loan to pay off my car (US) Posted: 30 Apr 2019 06:29 PM PDT Well, here's my situation: about a year ago i bought a car, mostly for work, with really high interest rate. At that time it seemed to me like a good deal because i had to pay for my work vehicle weekly about the same price anyway and this way i could build my credit history (i live in the states just since 2016). Also at a dealership i was told that i could refinance after 8 payments and get a better rate. Unfortunately, im unable to do that. Some time ago i found out not a single bank would refinance my loan if i dont have a green card (i have work visa). Right now i own about 20k still, with monthly payments of 540$, where 300 average goes for interest rate. [link] [comments]  |
| Withdrawing "seed money" from business account Posted: 30 Apr 2019 02:33 PM PDT I am an experienced IT worker who, after being caught in a round of layoffs, recently setup a single-member LLC (and associated bank account) and began freelancing. I have a wealthy and generous family member who insisted on giving me a sizable check (tens of thousands) as "seed money". I explained that all the capital I needed was maybe a new computer and some online training, but she absolutely insisted, so I deposited the check into a new business account. (She has this all worked out with her accountant and attorney, and the "loan" will be forgiven over a few years at the standard yearly gift exemption amount. Definitely not complaining.) So, for the last several months I've had a considerable amount of money just sitting in a business checking account. I've decided that the best thing for my family is to withdraw about half the money from the account to zero out an auto loan, make some badly needed home repairs, and catch up on our retirement investments as I no longer have an active 401k. There will still be ample funds in the business account for any expenses/opportunities. So, the question is: can I just withdraw the money? (This is fine with my "investor", btw.) I am careful to separate my business finances from those of my family. If I withdraw this money, which isn't income from my business, could it cause problems with taxes, etc. down the line? [link] [comments]  |
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