Personal Finance Negotiating salary with a new company. Would it be unprofessional to mention that I’d be walking away from a bonus with my current employer in hopes of getting a higher offer? |
- Negotiating salary with a new company. Would it be unprofessional to mention that I’d be walking away from a bonus with my current employer in hopes of getting a higher offer?
- What was it like right before ‘08?
- I used pay1040.com to pay my taxes. IRS is saying I didn’t pay. Did I get scammed?
- Can my grandmother's social security be garnished if she stops paying her credit card?
- Currently $50,000+ in debt for a degree I never finished, is there any hope?
- Conflicted. Live "rent-free" with parents at the expense of my mental health and pay off debt quicker, or move out and add 3 years to our debt-free goal?
- My card got cloned and I received the product the cloner bought.
- Did any other Chase customers NOT receive an arbitration message?
- Opening a savings account for the first time
- What's the closest thing I can get to seeing the credit score used for mortgages?
- What can I expect from being tricked in to paying off a zombie debt?
- Ignoring his investing advice, how do you feel about the order Dave Ramsey recommends doing things in?
- I landed my dream job as a high school dropout and I am in need of advice
- Logistics of making a large purchase (airplane)
- Student loan deferment time expired while still enrolled full time
- Friend sold his motorcycle and used the funds to pay off the loan. Now the bank claims no account ever existed
- Credit card pay off question
- High School student facing a financial dilemma.
- How should I plan my finances for potential job loss?
- Nearly debt free with a Rollover IRA, Roth IRA, and 401k (No match for 1 year). In search of best practice for situation.
- Considerations buying a second house?
- Walked away from a job offer. Did I do the right thing?
- Thoughts on 401k allocation
| Posted: 05 Jun 2019 11:24 AM PDT Basically, I'm currently employed and considering leaving my job for a number of reasons. I've just received an offer with a new company. I made the unfortunate mistake of giving a salary range before learning about the new company's benefits, and I definitely undersold myself. The company just gave me a formal offer with a salary at the bottom of the range I gave them. It's about a 12% increase from what I make now, but I'd be losing some pretty fantastic benefits. I don't really feel like I can complain, but truthfully this would be a lateral move. I plan on negotiating, seeing as this isn't enough to get me to move. Now, my current company has just given me a bonus of $5k, but it won't hit my account until the end of the month. If I accept this offer I'm almost certain they won't honor the bonus and I can't blame them. Would it be unprofessional to mention this bonus in my negotiations with the new company? Or should I stick to talking about the benefits? Delaying my start date doesn't feel like an option seeing as I'd have to delay it almost 6 weeks to avoid giving my notice before the bonus is paid. [link] [comments]  |
| What was it like right before ‘08? Posted: 05 Jun 2019 02:29 PM PDT Were a lot of people ringing alarm bells? Or was it completely out of left field? I was in college at the time, and was living in my own bubble. I'd be curious to hear the perspectives from the ones who've lived through it. I feel like right now, a lot of talking heads are warning abt recession- but the contrarian in me makes me feel like that means we're not irrationally exuberant, so maybe all this uncertainty is priced in? I'm currently making offers on a new house, and am wondering if I should pump the brakes to see if prices drop- but who knows. (Mid sized Florida City) [link] [comments]  |
| I used pay1040.com to pay my taxes. IRS is saying I didn’t pay. Did I get scammed? Posted: 05 Jun 2019 03:44 PM PDT Hi everyone, So I'm a Canadian who moved to the US about a year and a half ago, so this was my first time doing my taxes in the US I definitely started late in getting all the paperwork together and ended up not being able to find my last years returns. Long story short, I owed roughly $3,700 and was nearing the deadline so instead of mailing a check, I looked online for options to pay digitally. Admittedly, after not looking hard, I landed on pay1040.com after reading a CBS article and submitted my payment. Just a few days ago, I got a letter from the IRS saying I didn't pay and they were charging me interest. I've reached out to the company and nobody has gotten back to me. What are my options? I feel like I got scammed. Is there anything my bank can do? Should I contact the IRS? Next steps? Thanks for all the help! [link] [comments]  |
| Can my grandmother's social security be garnished if she stops paying her credit card? Posted: 05 Jun 2019 01:15 PM PDT My grandmother is 83 years old and family members have racked up 25K on her credit card. I have no idea how she was approved for that much money, as she is on Social Security only. She has no other income, no property, doesn't even own her own car anymore. Her net income is roughly 1300 a month and her credit card bill is a whopping 400 of that! If she stops paying the bill, can her Social Security be garnished, and if not is there anything else the CC company can do against her? [link] [comments]  |
| Currently $50,000+ in debt for a degree I never finished, is there any hope? Posted: 05 Jun 2019 01:12 PM PDT Right out of high school I made the very poor choice of going straight to a private university to work towards an engineering degree instead of getting my gen eds taken care of in community college. To make a long story a little shorter, I dropped out after a year and a half (two in the eyes of my lender) and no longer wanted anything to do with engineering (primarily due to the school). I have since gone and earned a technical degree and mediocre-to-decent paying office job. I would be well-equipped to pay off my debt quickly if I only had to worry about the degree I finished, but as it stands I'm looking at about a 67% debt-to-income ratio. I am not opposed to finishing my engineering degree somewhere else (and possibly in a different discipline.) But, will I be able to consolidate any new loans with the ones I've already got in this case? The interest rates on both of my previous private loans are higher than my will to live and are the main reason for my insane DTI ratio. If I am completely wrong about how any of this works, don't be gentle. I just want to be able to own a house some time before Mars is colonized. TL;DR: If one bachelor degree program is dropped out of, then another is started and finished years later, will the debt from the former be able to be consolidated with the debt from the latter? [link] [comments]  |
| Posted: 05 Jun 2019 02:36 PM PDT As the title suggests, my fiance and I are conflicted right now. We currently live "rent-free" with my parents, and while that aspect is nice (don't worry, I still provide for them and help with bills, so it's not completely rent-free), it's beginning to really weigh on my mental health. Without making this better suited for r/relationships_advice, I'll give a quick TLDR. My father and I just don't get along. We don't see eye-to-eye on nearly anything (politics, you do the math). Beside that, though, is the lack of independence that my fiance and I are missing. We used to live away for a period of 6 months, but then my Mother lost her job and well, since my Dad doesn't make much, we had to help.. and because I cherish her, we decided to move back in and help her stabalize. Now that this has happened, I can't help but feel we need to leave. This doesn't even really include the fact that my dad is a major control freak, and doing small tasks which I once enjoyed such as cooking, showering (yes, showering, I've found myself avoiding it now.. and that's disgusting) and generally being anywhere else in the house aside from our room. This is because he's always 'checking' on people when they're cooking to make sure things are clean, or inspecting the shower to make sure it's towel-dried after usage to prevent mold (yes, you fucking heard that right). It's insane. Anyways, the above is just the tip of the iceberg. Our real personal finance question is.. even though moving out would add 3.5-4 years to paying off our debts, as opposed to about 1.5, is this acceptable? This would also put my fiance and I a 5 minute walk from work, but would eat about $2000 - $3000 of our monthly "debt budget" as we live in a very HCOL area (Los Angeles, CA .. Burbank/Pasadena area, yikes). I just don't know what to do. I'm trying to make the responsible choice, but I just can't help but feel my health is suffering as a result. I've gained weight, feel depressed, never leave the damn house, don't cook (which means we're constantly eating out...), etc. Is this unreasonable of me? Should I just suck it up? [link] [comments]  |
| My card got cloned and I received the product the cloner bought. Posted: 05 Jun 2019 04:02 PM PDT As the title says, my card got cloned and someone used it to buy some shoes but he sent it to my address, I really don't get it. I already got my money back from the bank, but now I have a big package of shoes that aren't mine, also I have other package coming tomorrow and I'm not sure what it is, if anyone has any advice it would be good, I'm lost here, this has never happened to me before. [link] [comments]  |
| Did any other Chase customers NOT receive an arbitration message? Posted: 05 Jun 2019 10:30 AM PDT https://thepointsguy.com/news/chase-cardholders-binding-arbitration-opt-out/ There's been a huge hubbub about Chase forcing everyone to write a letter in order to opt-out of binding arbitration instead of lawsuits. I have two Chase cards (Amazon Prime & Sapphire Reserve) and never received an email or note from Chase about this. Has anyone else also heard nothing? [link] [comments]  |
| Opening a savings account for the first time Posted: 05 Jun 2019 06:44 PM PDT I want to open a savings account for the first time. Right now, I have a checking account with Bank of America. I am interested in opening an account with a high APY. After reading this sub for a bit, I realized that Ally is one of the best options. The only "catch" with this high APY is that Ally is online only. Is that correct? Also, if I open a savings account with Ally, would I be able to keep my checking account with BoA? I have a bi-weekly paycheck that goes direct deposit into my BoA account- would I be able to instantly transfer a portion of that every 2 weeks into my Ally savings account without worrying about fees or any other blockers? Thanks! [link] [comments]  |
| What's the closest thing I can get to seeing the credit score used for mortgages? Posted: 05 Jun 2019 09:28 AM PDT The credit score world is so complicated. Seems like there are about a million different credit scores. The places I check my credit score: Credit Karma, Mint, Wells Fargo, Discover, Chase, Experian. All of them give me different scores. Anyone have any idea which score is closest to the one that will be used when I apply for a mortgage? [link] [comments]  |
| What can I expect from being tricked in to paying off a zombie debt? Posted: 05 Jun 2019 04:57 PM PDT Got a call from a "law firm," so after some back and forth I paid off a $250 debt from a bank account over draft from 10 years ago. The worst part is that I knew I shouldn't have, but I did. They assured me that it would be settled in full and it wouldn't show up on my credit report. After googling the address here in California, found out they're most likely a zombie debt collector. My credit card used to pay it says they're listed as a data/ computer business. I already canceled my credit card, and I was thinking about reporting the charge as fraud. Should I just let it be? [link] [comments]  |
| Posted: 05 Jun 2019 04:57 PM PDT I know his investment ideas are a point of contention in this sub (and I definitely see the reasons why), but how do you feel about the actual order he has you do things in? I'll simplify his steps here: Baby step 1) Save $1000 Baby step 2) Pay off debt Baby step 3) Save 3-6mo of household expenses Baby step 4) Invest into retirement Baby step 5) Save for kids' college fund Baby step 6) Pay off mortgage Baby step 7) Build wealth I'm more inclined to pay off mortgage before paying for the college fund, but that's just my thought at the moment. Can you recommend other people who are helpful for getting out of debt? [link] [comments]  |
| I landed my dream job as a high school dropout and I am in need of advice Posted: 05 Jun 2019 07:26 PM PDT So to start, I'd like to talk a little about myself first. I'm a 20 year old male who dropped out of high school back in 2016 I believe. Eventually, this year, I decided to work on finding myself a job. I self taught myself programming from the age of 10, and I have done it as a hobby since, so that is what I wanted to pursue. Back in February I went to a career fair which absolutely saved my life as it landed me my dream job as a software engineer. At this point in June, I am just about to finish my probationary period. Now, for my financials.
So in my opinion, the situation looks pretty good. However, I have a knack for fucking things up just as soon as they are beginning to look good, which is why I absolutely need some real advice from you guys. Before I got this job, I was fucked and a total failure. I don't want to ever fall that low ever again. What would you do in my situation? I have a few questions, but I would like if you guys could just give me more advice in general.
Thank you in advance. I really really appreciate any advice at all. Please give me your brutal honesty. [link] [comments]  |
| Logistics of making a large purchase (airplane) Posted: 05 Jun 2019 05:49 PM PDT I am getting ready to buy an airplane. I have met the current owner, he is well known and I am getting an inspection done on the airplane before buying it. The part I am not quite sure on is the best practice for transferring a large amount of money. Is the right course of action to just go to the bank and get a cashier's check? It seems like that has always been the way to do this, but all I hear about are scams with cashier's checks now. Would a wire transfer be preferable? We are located nearby so I could go the the owners bank or they could come to mine. [link] [comments]  |
| Student loan deferment time expired while still enrolled full time Posted: 05 Jun 2019 04:32 PM PDT Throw away account, cause finances. Hopefully I'm posting in the correct place. If not, please redirect me. I am 31 years old, just finished my undergrad in chemical engineering. I'm starting my masters in the fall for biomedical engineering, working part-time in a research lab at my university currently during the summer. When I was 19 and stupid, I went to culinary school and took out loans with sallie-mae. I graduated, realized a few months later while working that I absolutely hated the culinary industry and quit. I joined the marines shortly after because I needed something drastic. I paid my student loans while in the military. I left the military after my contract was up and enrolled at my university. I put my loans on deferment while I was attending school. It took me 9 semesters to finish undergrad instead of 8 because I needed a semester to catch up. I had about a 10 year gap since I had even seen anything science related in a class. Navient tells me that they only allow 48 months of loan deferment, so last January while I was in my last semester, they called to collect. This blindsided me pretty good. They expected about $500 a month. Even with a GI bill, this was not doable. I took a 3 month forbearance and I'm getting the daily phone calls again. I have even less money in the summer since there's no GI bill, even though I work more. The lowest they said they can go with income-based payments is $300. For the life of me, I can't figure out how it is possible for me to be in between undergrad and graduate school, which I'm enrolled for full time and currently working on research for, be capable of taking out student loans, and simultaneously be forced to pay them back. Is there anything at all I can do to ease these payments or am I just kinda fucked? I can't be the first person this has happened to. [link] [comments]  |
| Posted: 05 Jun 2019 07:18 PM PDT I'm posting this for a friend with his permission. He sold his motorcycle to a private party and used the money to pay off the remainder of the loan. Now the new owner is owed a title and the bank claims that no account ever existed and that they dont have a title to send. The buyer is now threatening legal action. The local DMV will not produce a duplicate because their system still shows a lien against the bike. [link] [comments]  |
| Posted: 05 Jun 2019 07:08 PM PDT I've got a few cards I want gone. Should I focus on paying off the smaller debts first and pay minimum on the higher amounts? Working my way up from debt to debt? That's what I was told to do and was seeing if that's the best option? [link] [comments]  |
| High School student facing a financial dilemma. Posted: 05 Jun 2019 07:08 PM PDT Frequent reader of the sub and I just want to thank you all for teaching me so much about personal finance. My situation is as follows... I am 17 years old, junior in high school and have been interested in finance for a while. I started using YNAB (You Need A Budget) at the beginning of this year and it has helped me tremendously in breaking from the paycheck to paycheck cycle that I was experiencing with my first job (cashier at grocery store). I've set up a couple saving goals, have a decent cushion set up to protect myself against any sudden withdrawals and am comfortable financially. This summer, I will be working more hours (from my current 16hrs to about 30ish), however, it is not as much as I'd like to (40) because I will be taking a class at my community college simultaneously and it'll require time on its own. Here's the problem (finally) Due to my setback in hours, I will be making about $3,200 which is about $1k from what I was planning on making. And the reason that's important is because on my 18th birthday I wanted to open a Roth IRA with a $5k deposit. And between now and my birthday (November) there's no way I'll be able to save that much comfortably. Furthermore, when I started thinking about it, there's plenty of things that I could use the money for (getting a new bike and laptop primarily). Here's the question(s): What's in my best interest to save for? The long term or certain luxuries now that, granted, would have an impact on my quality of life? Should I even bother opening up a Roth IRA at my age? I've calculated the impact of starting now vs in 5 years to be quite substantial, but that's assuming that I'll be working all through college with enough to contribute... A bit more information: I am not planning on working the summer after senior, I'll be traveling briefly and then getting an internship somewhere and hopefully its paid but I'm not sure. So I have about 11 months of work left before I don't work for a while (through college (that is, according to plan =)). Also, I live in the Bay Area, California, if that's needed. Even more info I am currently making 14 an hour. Have about 600 in my checking with 100 or so in my savings along with 1,000 in a brokerage account handled by my step dad. Sorry for the blob of text, I'm not very good at reddit text posts. [link] [comments]  |
| How should I plan my finances for potential job loss? Posted: 05 Jun 2019 02:29 PM PDT In the next 2-3 years there is some potential for me to lose my job due to the changing landscape of federal legislation. I'm curious what you think I should do in terms of insulating myself if this happens. My debts: I currently have $15,000 in student loans, plus $14,000 in home equity loan. Also a mortgage, but all cars paid off. No credit card debt. Cash: about $7,000. I'm thinking of starting to put this into money market account for higher interest, but not sure if I should pay off student loan faster first. [link] [comments]  |
| Posted: 05 Jun 2019 12:30 PM PDT Bit of a unique situation I have here that I didn't find in-depth results for searching /r/PF. So here it is. 31 male, $55k per year, debt free in a few months
My question: Until the 401k begins to match contributions, is it best to try and build up the Roth IRA and Rollover IRA until the employer match kicks in? And is there any preference to which IRA I invest in more heavily? I plan on investing in VTSAX when I hit the $3000 mark for Vanguard, and I have a similar mutual fund in Fidelity that I'm already invested in. Just want to make sure I'm not missing anything, and I have the proper approach here. Love this sub, the mods, the users and everyone else that contributes. -Balls_Smooth_As_Eggs [link] [comments]  |
| Considerations buying a second house? Posted: 05 Jun 2019 05:48 PM PDT Hi, My wife and I bought our first house in 2016 (in NYS). We saved up enough and put 20% down, which I believe meant we didn't have to carry PMI. We didn't take advantage of any first-time home buyer loans/programs/etc. Fast forward to the present. My wife and I were talking over Memorial Day weekend about how nice it would be to have a little place on a lake that's near us that we could hang out at in the summer. So we started to talk about what that might look like. I'm by no means an expert in real estate, so I thought I'd ask this community. Here are my questions. If you know the answers to any of these, I'd appreciate hearing them.
There is an option "c" which is to get a REALLY nice place on the water with the intention of renting it out to families for vacation or to people who want to host events—but I feel like that's added complexity and the times we'd rent it out are the times we'd want to use it. Then again, if that could offset costs and make a nicer place affordable, so maybe that's an option... Which option is generally the least expensive (net)?
Thank you in advance! [link] [comments]  |
| Walked away from a job offer. Did I do the right thing? Posted: 05 Jun 2019 07:57 PM PDT So, I am a currently a teacher, but I recently got a master's degree in educational administration, and I've been looking into other job options, both in the public and private sectors. I applied for a management position with a local tutoring/test prep agency, and after several interviews/conversations, I felt really good about my fit with the job/organization. When I inquired about salary and benefits, I found out they did not offer health insurance (which I knew was possible as a small organization, but it's a big deal because I'm the only one employed for my family). I was told their salaries were adjusted to include purchase on the marketplace. They talked about wanting to pay their employees well and share the wealth, and they just moved into a large, fancy new office space, suggesting they are doing quite well. However, I was underwhelmed with the offer. The salary was just under $70k, but $10k was deferred compensation to be paid at the end of the school year. They also offered 3% 401k matching, and annual bonuses somewhere between 5-20% of salary. For reference, in my current position my salary is around $55k, but for only 9.5 months of work, since I have summers off. I also get 6% matching retirement savings, $2500 in bonuses, and over $17k in benefits of health/dental premiums. My thought is, if I'm making $55k for 9.5 months, then I should expect to be paid at that same rate for a 12 month position, meaning around $70k base salary, plus benefits. Therefore, I countered that I would need between $85k-$95k base salary in order to make this position worth it. Their response was that as a private company they couldn't really be expected to compare with public benefits. They said they pay more than market rate and their competitors, and unlike in public education, they don't have caps or restraints for how fast or how much your salary can grow. The suggestion seemed to be that if I stuck with them, I would receive a much higher salary in the long run. It certainly is tempting to think what the salary/bonuses could end up being in the future. However, for now, it means working more months of a the year for less in total compensation than I am currently receiving. I told them I couldn't accept their offer, and they never countered with anything higher, so I walked away. Now I am just wondering if I missed something? [link] [comments]  |
| Posted: 05 Jun 2019 07:50 PM PDT Hello, I am looking for honest feedback and would like to welcome your open critique on my 401k portfolio. I'm 28 and contributing 10%/paycheck. I've got the following breakdown: $13,500 Large cap equity
Small/mid cap equity
Int'l equity
Bond fund
Other
Some of my comments/thoughts:
[link] [comments]  |
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