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    Home Unlabelled Personal Finance Parents are divorcing and I need to get my own place. I'm worried.

    Personal Finance Parents are divorcing and I need to get my own place. I'm worried.

    June 16, 2019

    Personal Finance Parents are divorcing and I need to get my own place. I'm worried.

    Parents are divorcing and I need to get my own place. I'm worried.

    Posted: 16 Jun 2019 12:11 PM PDT

    Now, I've never really been great with money... I have a decent job at a small factory that makes plastic fittings, making $15/hour. I have a little bit saved up - about $800 - but I just started three weeks ago. I'm 19 years old and always say I'm ready for the real world, but honestly, I'm really fucking scared.

    What scares me is that I have no idea how insurance works or how to pay bills. I don't know how to manage having an apartment or anything. I'd love if I could sit down with one of my parents and they could help me, but if all of us aren't working a certain day, they're busy getting the house cleaned and things packed. I need to be out within the end of this month.

    Do you guys have any money saving tips? Hell, even the basic jist of how to pay my own bills. Phone, car (when I can afford one), etc. Anything honestly helps.

    submitted by /u/ClapThatTrap
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    Roommate (1 of 3 tennants) suddenly passed away in a motorcycle accident. Not really sure what to do. My fiance and I can afford the rent without his portion but it's a lot. What are our options?

    Posted: 16 Jun 2019 11:32 AM PDT

    Just married and just learned I'm at high risk of losing my job

    Posted: 16 Jun 2019 03:00 PM PDT

    Just celebrated the best day of my life! I've been with the same company for three years, have stocks invested, and $18000 in my 401K of my contributions alone.

    My wife and I just started following the Dave Ramsey baby steps program and are on BS2. My personal debt is $19000 including student loans, 3 credit cards (best buy, smile generation, capital one), and car note ($2000 remaining).

    Our monthly expenses include $1300 for our apartment, $270 car note, $250 total minimum payments on CC and student loans, and with our planned food budget roughly $200 (and that's being generous... we both like to cook), and $170 for insurance (renters, life, auto).

    I've been applying to other opportunities locally and haven't had much in terms of response.

    I feel like I know the answer to this question already, but if the worst case scenario comes at what point would you recommend dipping into the 401K? Every person I have spoken to says never, and to invest into a Roth IRA... Even if you lose employment.

    My next question is... What are my options? What can I do to continue pulling myself out of debt and provide for my wife while we face this challenge together, head on?

    I don't want to face eviction. I don't want to be seen as a useless, unemployed bum. I want to be able to provide for my wife and give her the world.

    submitted by /u/LoganandCharlesDie
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    Does it make sense to purchase a home if you are forbidden from ever amassing equity or renting out? (USA)

    Posted: 16 Jun 2019 10:29 AM PDT

    I live in Washington D.C. which is an expensive place to live. Due to local laws about 10% of new condo units must be priced below market rate and are available only to people of a certain income.

    I will have the opportunity to buy a brand new 1 BR condo within DC for $200,000 maximum which would typically sell for $350,000-$650,000. There are several caveats however:

    1. No matter when I sell, I will not be able to earn equity. If I sell 30 years from now, the government will set the price at something well below market rate.

    2. I can never rent the unit out. Unless for military/forced move by employer and even then the government will set the rent rate.

    3. I am not permitted to own any other property while I own it and I must remain living in the unit or sell.

    4. Many costs such as property taxes, condo fees, closing costs, and a downpayment without the typical benefits of home ownership.

    5. I'm tied down to a place. Makes it more difficult to relocate, if I want to move to another state I must sell, etc.

    A few benefits however are:

    1. I only have to meet the income requirement at move in. After that, there are no limitations on what I make.

    2. I can possibly qualify for a 5 year property tax abatement, meaning I won't have to pay property taxes for the first 5 years.

    3. Even when I do pay property taxes, it will be at below the typical rate that others pay.

    4. For as long as I live in the unit, I have an affordable place to live. Rent will only go up, so say my mortgage + condo fees + utilities + insurance + etc. come out to $1700; that's $1700 a month for the next 30 years, renting a similar until would cost ~$2300 in D.C. now; let alone in the future.

    Renting in the program is also an option but I'd have to income certify every year.

    Does owning make sense if I can't earn equity or ever rent out?

    submitted by /u/manWhatYouWant
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    Monthly budget doesn't leave much room for groceries? (Budgeting during major life events) [US]

    Posted: 16 Jun 2019 03:05 PM PDT

    Hello /r/personalfinance, it's been a hectic year for my family and I recently got my first "real", full-time job in my field at the beginning of May.

    After a few weeks of getting paid, I have an idea of what my cashflow looks like, and I have put together a budget of recurring expenses. After looking at the budget, it doesn't really seem like there is enough room for groceries and extra-curricular activities. I feel like there are places I can improve to give me a little more spending money while still aggressively paying down some debts. I have included my budget and personal information below and am looking for some advice on how to budget better.

    There are also a few major life events on the horizon that I would like to plan for, and some events that are so close that I would like some advice on how to move forward. If I am not clear enough in my logic or information, please let me know and I can clarify.

    TL;DR: Make a decent amount of money, but have a large family with sizeable debts. Trying to be financially responsible and pay down this debt as quickly as possible while still trying to feed my family and plan for the future.

    Personal Info:

    Age: 26

    Location: Idaho

    Marital Status: Married

    Kids: 2 (My wife is due with our 3rd June 20th, 2019)

    Occupation: Modeling & Simulation Engineer

    Salary: $70,008/Year (Gross, No Bonus Structure)

    Pay Frequency: Weekly

    Current Savings: $8,388.62

    Credit Card Debt: $5,869.78

    Combined Student Loan Debt: $47,814.70 (4.8% avg. interest rate)

    401k: $747.79 Saved (Company match 6%, I'm currently putting in 15% Pre-Tax)

    Health Insurance: High Deductible (Costs $25/week, $5,000 deductible, I did the math so that I would deposit ~$90/week in a HSA to approximately cover our deductible every year, total health insurance + HSA deposit costs ~$129/week)

    Budget

    Weekly Pay After Taxes: $1243.20

    401k Contribution: -$201.95 (Pretax)

    Health Insurance: -$129.00 (Pretax)

    Weekly Net Pay: $912.25

    20% Savings/Emergency Fund: -$182.45

    Weekly Cashflow: $729.80

    Monthly Cashflow: $2919.20

    Recurring Expenses:

    Recurring Expenses Monthly Weekly
    Rent* 1150.0 287.50
    Utilities** 250.0 62.50
    Car Insurance 71.0 17.75
    Discover Card 150.0 37.50
    Wells Fargo Card 200.0 50.00
    Hulu 6.0 1.50
    Gas**** 320.0 80.00
    Student Loans*** 500.0 125.00
    Gym 35.0 8.75
    Total: 2682.0 670.50
    Leftover: 237.2 59.30

    *: This is the price of a 3-bedroom split home we applied to that isn't available until mid August. We are currently subleasing a 2-bedroom apartment for $875/month until then. So while this number isn't currently accurate it reflects the price of upscaling to a bigger place closer to my work.

    **: This number is an overestimate of what the utilities will be at our new place. I personally don't think it will cost that much, but it factors in everything from Electricity, Gas, Water, Trash, Lawn Care. We will also need to save up for a washer and dryer since the new place doesn't come with one.

    ***: This is likely an overestimate but ideal number. Several of my loans are still In-Grace while my wife's are all completely in repayment now. I realize that this may be the place in the budget where I need the most guidance.

    ****: This number is high. I currently commute 30 miles each way to work. When we move, I expect this number to drastically reduce. I'll only be about 11 miles away from work at the new place.

    As you can see, There is not much leftover for a family of 5. This has me rethinking my budget because I believe I make a decent amount given the low-cost-of-living area but also have a decent amount of debt. Our goal is to aggressively pay down this debt (especially the credit card) ASAP. I recognize that comes with sacrifice, but I gotta feed my family too.

    For those who may wonder, there are a few expenses that are actually currently paid for by my father still. Namely, our cell-phone bill.

    While we currently have an "okay" savings, I would definitely like that to be at least $10,000. This savings is currently acting as an Emergency Fund/Long Term Savings Plan. We would eventually like to buy a house in the next 2-3 years, but I am a millennial so we'll see how that turns out. This next section is major life events that are coming up that I would like some guidance on.

    Major Life Events

    3rd Baby: As mentioned earlier, my wife is due at the end of this week. Which is absolutely crazy to think about. For those who are curious, my last 2 children were born on Medicaid and we have never really had to pay anything for those hospital visits. Over the last 4 years, I have worked 3-jobs simultaneously while going to school to make ends meet but we have always been under the cut-off for Medicaid. Since my insurance was started a few weeks ago, this will be the first time I have to deal with paying for insurance.

    I almost wish I got the job just a few months later so we could still leverage Medicaid (That's not how government incentives are supposed to work XD haha)

    In anycase, I'm worried about the $5,000 deductible and how much it truly costs to have a child. Call me an idiot for not thinking about this before. What is the best advice for moving forward? My wife still needs to cancel Medicaid as our income has changed, but should I expect a $5,000 bill + change at the end of this month? Should I throw our savings at it?

    Grad School: I have also been accepted into an online Master's program in Computer Science through Georgia Tech. The total program is relatively cheap, ~$8,000 total, but there is a chance my employer won't pay for it. My employer has special connections with in-state schools and will pay for degrees from there, but won't necessarily pay other places. My boss thinks he can get them to agree to my program since it's so cheap, but I will need to save money for that or take out more loans (not particularly interested).

    Appliances & Trip Home: As mentioned above, there are some new things that we will need to buy when going into a larger home. A washer and dryer will be one of them. We have seen used ones from $250-$300. Also, since my MS is online I will need to purchase some type of home desk to work from as well. Also, we currently live very far away from family and my wife desperately wants to visit home later this year. So looking to save up for a flight home as well.

    Thanks for reading this far. I could really use some perspective, advice, and guidance on how to budget properly. I feel like I am covering my bases with health, savings, retirement, but it's not looking bright to pay down this debt. I appreciate any constructive criticism and look forward to reading the comments.

    EDIT1: Some of you have asked for more info regarding my debt, here is a table below describing my CC debt. Will post student loan debt soon:

    Credit Card Balance APR
    Discover $1,907.17 19.24%
    Wells Fargo $3,962.61 17.40%
    Status Schedule Begin Date Unpaid Principal Interest Rate Monthly Payment
    Scheduled 7/12/19 $6,673.37 6.80% 86.07
    No Payment Due 8/12/19 $2,815.00 4.66% 29.48
    No Payment Due 8/12/19 $4,500.00 4.29% 46.31
    No Payment Due 8/12/19 $1,000.00 4.29% 10.29
    No Payment Due 8/12/19 $3,409.00 4.29% 40.16
    No Payment Due 8/12/19 $3,591.00 4.29% 41.88
    No Payment Due 8/12/19 $2,750.00 3.76% 27.59
    No Payment Due 8/12/19 $593.02 3.76% 7.48
    No Payment Due 8/12/19 $5,500.00 4.45% 57.02
    No Payment Due 8/12/19 $1,093.00 4.45% 12.03
    No Payment Due 7/21/19 $2,129.83 4.29% 23.17
    No Payment Due 7/21/19 $2,129.91 4.29% 23.17
    No Payment Due 7/21/19 $1,549.02 4.29% 16.85
    No Payment Due 7/21/19 $2,425.09 3.76% 25.77
    No Payment Due 7/21/19 $2,426.03 3.76% 25.78
    No Payment Due 7/21/19 $4,087.36 4.45% 44.79
    NA NA NA Total: 517.84
    submitted by /u/keepitsalty
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    Credit Karma has my twin sister’s debt on it

    Posted: 16 Jun 2019 06:23 AM PDT

    Please help!

    So I logged onto credit karma for the first time and I noticed that all of my student debt plus my sister's is on it. All of her student loans and her credit card is on my account. When she logs in, her credit card and student debt doesn't show up. What do I do for this? I don't even know where to begin. All advice would be greatly appreciated! Thank you in advance!!

    submitted by /u/slykat00
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    Have you ever used you CC's Concierge Service?

    Posted: 16 Jun 2019 03:49 PM PDT

    I just got the Amazon Prime Rewards Visa Signature card and saw it comes with the Visa Signature Concierge Service. This is my first CC that has a Concierge Service. I was curious if there is really anything worth using it for? Like can they get me better tickets to a show or reservations to a booked restaurant?

    ​

    What have you used it for?

    ​

    I was also curious if anyone has experience with other CC Concierge Service? Is the AMEX one better then Visa's?

    submitted by /u/Jonny511
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    I'm 18 and just graduated high school. I'll have around 20k by the end of this summer.

    Posted: 16 Jun 2019 05:59 PM PDT

    So I've been working during high school doing software internships and then using that money to invest in stocks with Robinhood. At the same time, I have 65 college credits done for free at the Univ. of Minnesota so I'll graduate in two years in Computer Science with zero debt. I'll have 20k by the end of this summer. Specifically, I'd like to own a lot of real estate when I'm older. How do I invest so that I can start creating a passive income and be able to move forward to larger investments?

    ​

    more info: I don't have a car nor housing to pay for. No bills for the next two years other than the 16k/year tuition.

    submitted by /u/Squilliam___Fancyson
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    My dad accidentally sent my tax returns to an internet stranger. Are there any preparations I can make for if my identity gets stolen?

    Posted: 16 Jun 2019 04:21 PM PDT

    My dad tried emailing me my 2017 tax returns, but he emailed them to FirstNameLastName@gmail.com when my email is LastNameFirstName@gmail.com.

    These returns have my old address and my social security number. What kind of steps can I take to make sure I don't get screwed over by this?

    submitted by /u/GammaOmicronGamma
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    Never had extra money growing up, and I’m having a very hard time saving.

    Posted: 16 Jun 2019 03:35 PM PDT

    So like what the title says, I grew up without money for anything really other than bills, food, and clothes. I had a guitar which kept me busy though! Anyway, I work part time in retail now while going to college, and my hours are awful. It varies between 8-15 hours per week at minimum wage. I get paid weekly, and minus taxes I get around $80-$130. Here's where the issue takes place:

    I buy myself or my little sister things that we didn't have, aka pointless extra items. It makes me really happy to buy her and myself ultimately pointless stuff, whether it be makeup or going out to eat. I also work pretty far and my car consumes gas like a black hole. I usually fill up half my tank every two days, and maybe more if someone uses my car. With that, I usually have $30-$60 left, which goes to helping buy small amounts of food for the house or paying parts of my phone bill which is somehow $140 a month for one line.

    Anytime I put an amount of money in my savings account, something happens and I need to pull it out to either use or give to others. The most i've ever had was $400 savings and my car broke down and older sister needed help. Now I have none.

    Is there any advice to help me either stop impulse buying or help me save with the money I make? Thank you for reading!

    submitted by /u/MeowMixIsSatan
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    If a car get repossessed, will the Payment Term and APR stay the same?

    Posted: 16 Jun 2019 04:02 PM PDT

    I regretted financing a car for a relative who promised to make all payments on it in exchange I transfer the ownership to the relative after the auto loan is fully paid. The relative have stopped making car payments and no longer want the car. I do not want to keep the car also because I already have one fully paid.

    I understand my credit will be greatly damage if the car get repossessed. It's better to make less payment on it after the finance company auction it than making full payment + insurance payments on a car I don't even want to keep.

    If I let the car get repossessed, will the Payment Term and the APR stay the same?

    edit: auto loan account is still current and my credit is still good.

    submitted by /u/mia_leev
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    Where should my "retired" parents invest their money?

    Posted: 16 Jun 2019 05:20 PM PDT

    They are "retired" (dad age 67, mom age 65) but do not have any income besides social security (approx $1800/mo combined). Their net assets are about $200K in cash. They do not have any rent/mortgage to pay for, they do not own a house as their children handle pay for the housing expenses Their monthly expenses are about $1K combined (no debt). Where should they invest/keep their $200K cash? 2% savings? Some stock index fund? Treasury/Bonds?

    submitted by /u/777aster
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    What % of money to save monthly?

    Posted: 16 Jun 2019 06:41 PM PDT

    Hey guys. I was wondering the best way to budget my monthly income. I don't really know where to look. Here's an example of what I am looking for:

    Rent ____ %

    Food ____ %

    Insurance ____ %

    ​

    I really don't know what percent of money I should be saving and what percent I should be spending to live a normal life. I am a 20 year old College student with no student debt.

    submitted by /u/Chemly
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    I’d like to cash in a (VERY) small pension I have. Can someone give me a breakdown?

    Posted: 16 Jun 2019 11:00 AM PDT

    I know this is generally frowned upon, but said pension was with a company I have not worked for for over a year and wasn't being contributed to even before I left. There's currently only $7,000 in there now, but when I retire (35 years), it'll only be worth $35,000. I'm not in any sort of financial trouble, but I could really use that money (Fidelity estimates $5,800 after taxes) for other things right now. I have a sizable 401k that I've been contributing to for almost 10 years, so this isn't me crashing out my only retirement, in fact I completely forgot this money existed.

    Is there anything I'm missing that will impact me? I know this money will go against my income on my taxes this year, but I'm making a bit less than previous years, so I should still be in okay shape.

    submitted by /u/MrMaxwellKeeper
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    Help! | I accidently said yes to Tax Exempt at Sams Club.

    Posted: 16 Jun 2019 04:28 PM PDT

    Hey Reddit!

    ​

    So I was shopping at sams club and when I was checking out, the cashier said tax exempt and I said no but he accidentally clicked yes. I paid for everything and at the end he realized that he clicked yes for tax exempt. I've been stressing and need some information or something about the future of doing this. Thanks

    submitted by /u/realsambond
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    Old school spreadsheet guy looking to evolve

    Posted: 16 Jun 2019 01:01 PM PDT

    I've been tracking my budget on a spreadsheet for 5 years. I love excel and the formula I've built in. That being said of the areas I feel it might be lacking is trend data and it's more cumbersome than just categorizing transactions.

    So more of a discussion question, but, has anyone adopted an online budgeting tool and not looked back?? Which do you prefer? Did you go back and, if so, why?

    submitted by /u/botug
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    Paid Collection in Full, Oopsie?

    Posted: 16 Jun 2019 04:00 PM PDT

    Hi all. Here's some background.

    ​

    I had cable/internet through Comcast, and I actually had a generally pleasant experience with them. Everyone talks about these horror stories, but I thought I was the exception to that...key being "thought".

    ​

    I never had any issues with them, and I always paid my bill on time. Well, last year I got deployed overseas to an area with less than ideal "connectivity" if you will. I was supposed to leave around the middle of the month, but because of a storm on the East coast, our departure date got bumped up. So I cancelled my Comcast service, provided them a copy of my orders, and turned in my equipment. Before leaving the store, I confirmed that I wouldn't be charged a termination fee (Servicemembers Civil Relief Act) and was on my way. The next day before leaving I logged into my now inactive Comcast account on their website, and paid the remaining balance, or so I thought.

    ​

    Apparently there was another charge, prorated (even though the amount I paid was not my normal full bill, so I assumed THAT was the prorated amount) for the month when I cancelled. But because I was out of the country with no phone access, and my wife had moved back to our home town (hence cancelling the service), my notices FROM Comcast went to my Comcast email...which I didn't check because I thought I was paid up.

    ​

    I didn't even know about it until I got back to the states...and even then, I didn't find out about it until I started checking my credit reports recently as I'm in the market for a new vehicle (Mustang GT @ 29.99%...just kidding. I just need something larger for my kids).

    ​

    So I've been checking my reports and clearing up a few discrepancies (my father and I have almost the same name so that causes issues from time to time), and I see this collections notice. I reached out to the collections agency and they confirmed it wasn't a termination fee, but a charge for the last month of service. Not knowing any better, I just up and paid in full. I didn't request a removal from my credit report or anything like that, I just assumed it would go away when I paid it. Did I make an oopsie? If so, where do I go from here?

    ​

    TLDR: Comcast account went to collections when I was out of the country, come back and need a new vehicle so I look at credit report, see collections notice on report, paid in full, what do?

    ​

    Thanks, everyone!

    submitted by /u/Dr_Evol500
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    I recently came into ~$9k, no strings attached. What is the best thing I can do with my money, investment-wise, to get the most value out of it?

    Posted: 16 Jun 2019 10:26 AM PDT

    I'm 23 years old, working for a big company. I take all the steps to save up my income (have around 12k in my savings account) spend it well, contribute to my 401k, etc.

    Recently, through familial matters, I came upon an extra 9k. I've never gone through any sort of investing experience. I was a already considering doing something with my savings, but now I have this extra money, too. I want to do something valuable with it and I would appreciate some advice :)

    submitted by /u/TotallyBoredAndAlone
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    Taking out loan to payoff debt?

    Posted: 16 Jun 2019 07:39 PM PDT

    Currently have about $6000 of debt and I'm wondering if taking out a loan with a lower interest rate and using that money to pay off my bills would be a good idea. The loan would be ~10% interest while the bills I'm paying have about 20% and I'm struggling to pay more than just the interest.

    submitted by /u/kingpuz
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    Health Insurance Switching

    Posted: 16 Jun 2019 02:29 PM PDT

    I will be starting a job in August, and that means dealing with everyone's favorite benefit—health insurance! Currently my wife works and I am covered under her policy. It is a high deductible plan with an HRA, and she has an FSA where the year ends either June 30 or July 31 (I can't remember) where she's allowed to roll over $500 to the new year. She will stop working before I start working. My new job is a one-year position with the federal government and I have a plethora of options for health insurance (over 25). I'm trying to figure out if I should get a plan with an HSA, an HRA, or neither. From what I'm reading (https://www.opm.gov/healthcare-insurance/fastfacts/high-deductible-health-plans.pdf) I would not be eligible for either an HRA or an HSA if I were covered by my wife's FSA, and apparently many HRAs make lump sum contributions in January for the entire year.

    ​

    My questions:

    1. How does the FSA work after my wife stops working?
    2. Would I be eligible for an HRA or HSA plan given that I have been covered by my wife's FSA?
    3. If an employee starts with an HRA plan mid-year are they just out of luck until January or is there a pro-rated contribution made to the HRA?

    Thanks!

    submitted by /u/randomthrowaway62019
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    Maximizing rewards / savings for frequent flying

    Posted: 16 Jun 2019 05:11 PM PDT

    I'm going to be travelling 2x a month between San Francisco and Toronto via Air Canada. What's the best way to maximize my savings / rewards? I've seen cards like the Chase Sapphire Reserve being thrown around as a good option. Is this worth it over a straight cash back card?

    I'm going to be signing up for Air Canada's frequent flyer program, but I'm a little clueless when it comes to things like Travel cards + rewards etc. Any help would be appreciated!

    submitted by /u/Drealt
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    I just can't save money?

    Posted: 16 Jun 2019 07:22 PM PDT

    Hey guys,

    (I live in the Netherlands)

    I've (25m) been working full time as a nurse since I was 18 and done with school, when I started earning money (around €1400/month already taxed since that happens here, we don't pay taxes once a year) I decided to live a little, maybe just spend it on fun stuff, buy nice things for me and my family, go out for drinks and party and maybe start saving somewhere in the future.

    Well..

    I have tried..

    I lived with my parents until I was 23 years old, never had to pay for anything, but still managed to spend all of my money each month, I never ever knew why I couldn't save. I tried writing it all down and it all comes down to the little impulse buys. Like something from the grocery store, a game, a gift for a friend. It shook me, I was ashamed, but it didn't stop me in those moments.

    When I was 23 I moved out to my own home, I've lived in it comfortably for 2 years now. Right now I make €2000 a month, and I still can't save. I don't have any debt, I just don't have any money left at the end of the month.. I still impulse buy a lot of "luxury food" or a game I think I need or what ever the hell my hobby is at the time.

    For the past year I've been working overnight shifts only, which is why I made €2000 a month, it pays more, but starting in august I'll be working day and evening shifts again, which will mean I will make around €1700 a month.

    2 months ago I decided I need to change, I need to save for the future, so I wrote down all my expenses again (at least the monthly returning ones) which is €908.70 (rent, gas, electricity, water, healthcare, phone, internet, gym, some other subscriptions).

    This €908.70 is the bare minimum I have to spend, I quit all subscriptions I didn't really need.

    This means I have €791.30 left for groceries, "fun stuff" and saving.

    I spend around €250 to €350 a month on groceries, I don't know if this is a lot.

    If my GF (who lives with me) and I are lazy for a month it isn't uncommon for me to spend an other €150 on ordering food.

    The rest of the money just seems to disappear in thin air, I'd love to blame it on my ADHD for spending without thinking, but I know it can be done.

    It truly is a habit I have to break somehow, but every time I try I fail, and every time I fail I get mad and just stop trying.

    Something has to change, I have no buffer at all for when anything breaks in the house(I managed to save a whopping €200 over the past 2 months)

    I was wondering if you guys had any tips or tricks for me?

    Thanks for reading (and maybe leaving a response!)

    - Baldy.

    submitted by /u/I-Am-Baldy
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    unwanted expensive medication delivered without my order, is it a scam?

    Posted: 16 Jun 2019 10:36 AM PDT

    I went to an orthopedic doctor to discuss some joint pain, have medical insurance via my job. I do have a high deductible ($3,000) "HSA-Eligible" plan with HSA. This is important. The Doc I visited prescribed some medication* and while I indicated that my pharmacy is my local CVS, he filled it with some fishy remote ONLINE PHARMACY, called Loundon Pharmacy.

    That weird shady online place called me, at least 2x, from multiple numbers, and I explicitly said that I do not want anything before I know what exactly is it and how much it cost. They kept babbling something about manufacturer coupons. I said no. Nevertheless, I see on my insurance that someone have applied this to my insurance, and that the patient responsibility is $2,440. No way. I was really crazy. Next day, I found unexpected FedEx package on my driveway, with bottle of pills and a letter that I should confirm that I received it, and pay them $10 copay.

    I am uneasy and unwilling to go with this. I did not order it. I am afraid that at the moment I will confirm that I actually received it, they will hit me with $10 AND with $2,440. I do not want that.

    The plus side is that it used up my deductible. if I have anything more medical this year, my insurance now thinks that 2,400 was already applied to my deductible, and they will cover most of anything above the $600 that is left. But it feels like a scam and like a fraud. Is it?

    I have not contacted my insurance or the pharmacy, in case there is some way I can benefit from it.

    *The medication is called VIMOVO, patented combination of 2 simple over the counter drugs, and, as I learned, it is designed as an insurance scam. The drugs are over the counter for $6 and $5 each, but the patented mix/combination product is billed at $2,440. They subside copay, in hopes that they milk the insurance provider. There is even and article about it that can be googled.

    submitted by /u/yik77
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    Pay off student loans or invest?

    Posted: 16 Jun 2019 11:09 AM PDT

    I'm 28, single, and make around $100k/year working for the federal government. I have $30,000 currently sitting in my bank account. After setting aside enough for an emergency fund, I'd like some advice on whether I should invest the remainder or use it to pay down my student loans from law school. I owe around $140k ($126k principal, $14k interest accrued) presently at ~6% interest. I'm on an income-driven repayment plan (PAYE) and pay around $670/month. My salary will increase next year, after which my payments will also increase to ~$820/month. Further salary increases after that are uncertain.

    Given the interest rate on the loans and the uncertainty that I could earn a return greater than 6% from investing, paying them down seems like the obvious choice. But here's the thing: if I continue working for the federal government and making payments for another 8 years, I will be eligible for the PSLF and the remainder of my balance (around $100k at that point) will be forgiven. Investing some of the money seems like a more attractive option if I don't have the entirety of the balance hanging over my head.

    At the moment I'm not certain whether I will stay in the government for those 8 years. I have no plans to leave, but if a better opportunity comes along I'd like to be in a good position to take it. At the same time, in the event that I do decide to stay at my current job, I'd hate to use the money to pay down an amount that would have otherwise been forgiven. What's my best option here?

    Perhaps I should also mention that I'm currently making matching contributions to a 401(k) account., but I haven't maxed out the yearly contributions I could make.

    submitted by /u/mrfounder
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