Personal Finance My "Couples' Financial Discussion" Worksheet (Feel free to copy and improve!) |
- My "Couples' Financial Discussion" Worksheet (Feel free to copy and improve!)
- $271.83 was transferred out of my checking account to a bank 2000 miles away that I’ve never heard of...
- How much to save for retirement?
- Is there any reason to buy new cars?
- What should I do with my “leftover” money per month? Invest or aggressively pay off mortgage or both?
- What happens to a Vanguard S&P 500 ETF when a new company enters the S&P 500 index?
- Free Credit Monitoring Services (Credit Karma vs Discover Credit Scoreboard vs the 3 Individual Consumer Reporting Agencies)?
- After ten years of poverty, bad financial decisions, and a marriage full of red flags, I see the light at the end of the tunnel
- Is it a bad idea to move a new city, rent an apartment with a large portion of my savings, and then apply for jobs? Home life is really toxic
- Zero idea what to do with my savings.
- My family is pushing me to buy a brand new car, is it really a smart idea???
- paying credit card bill on time
- Debit Card fraud help
- Anyone have any experience with Fundrise?
- Making past due payments with Care Credit?
- Getting out of a high interest auto loan
- Should I ask for retropay that wasn't delivered?
- Should I prevent us from accruing debt or should I invest while my wife is in medical school?
- Need Advice: Building a house and struggling with the decision to lock in our mortgage rate.
- Retirement plans
- Job of 1yr under wrong SS
- Obligatory - sorry if this is the wrong place. I have a few bank accounts - Chase, BoA and Charles Schwab. I want to be able to save for specific splurges. Is there a way for make sub bank accounts within an account specifically meant for saving for certain things?
- Still don't have my US tax refund and not sure who I can contact about it.
- Backdoor Roth Tax Implications [x-post /r/tax]
- Denied secured credit card???
| My "Couples' Financial Discussion" Worksheet (Feel free to copy and improve!) Posted: 28 Jul 2019 06:59 PM PDT Hey all! My SO and I just had our first real "cards on the table" talk about our financial future, retirement, savings, budgeting, etc, as we're planning on getting married in the not-too-distant future. I scrounged this subreddit for all the right questions and then I put together and printed worksheet for the both of us. I think it helped us stay on track and I'm super happy with how it went! I think it's a pretty good start and might be a good resource for other couples having the conversation. Feel free to make a copy and improve some stuff :) https://docs.google.com/document/d/17106o13FmL59X9S8kgTKk9Zy8ZpFylLvcHf0G1m2l9c/edit?usp=sharing [link] [comments]  |
| Posted: 27 Jul 2019 09:05 PM PDT I'm on mobile, sorry about the format! I am currently freaking out because I saw a really weird money transfer on my bank statement from the 25th. I belong to a small credit union and have never had issues like this, but I'm very confused and worried. I live on the west coast and this transfer says it's going to a small credit union in Washington DC, a place I've never been to (I looked up the bank and it's definitely real). The weird part is, if this was a keylogger or something who stole my account info, why only transfer that amount and then do nothing for 2 days? I'm shocked that my credit union didn't alert me for suspicious activity because they're usually so good about it. :( I've already changed all my passwords for all my accounts and logged out of everything, and I may wipe my computer back to factory settings (in case it's a keylogger). Anything else I can do in the meantime or has anyone else had this happen? My bank isn't open yet and I froze all my cards, but I can't freeze my actual account until Monday so I'm just praying that this person doesn't transfer more money before then... [link] [comments]  |
| How much to save for retirement? Posted: 28 Jul 2019 02:41 PM PDT From what I've read so far, saving 15% of your income appears to be the standard "basic" retirement goal. I'm 26 and gross $60,000. From my gross paycheck 6% is automatically put into a state retirement fund. My employer also puts an additional 14% in on top of that, so 20% of my gross income is going into a state retirement fund. (This fund grows at 4% a year.) My question. Does this meet the requirement for a basic retirement or do I need to contribute more in a more risky account, like an index fund? The state retirement fund (KPERS) only grows at 4% a year. It is not an IRA or 401k. Thank you! ---OTHER DETAILS--- Net Monthly income = ~$3,000 Rent = $500 Car = $280 ($12,000 left on loan) Other = $500 [link] [comments]  |
| Is there any reason to buy new cars? Posted: 28 Jul 2019 06:19 AM PDT I've been looking to replace my 2005 Focus with a newer compact or sub-compact hatchback, here in the US. I'm a person who keeps a car until it catastrophically breaks, or otherwise isn't really worth upkeeping any more (see: 15 year old econocar I'm replacing). I've never bought a new car, and have only bought this focus. Should I consider buying a 2019/2020 model car? I had assume no, because they're expensive as sin. But I wanted to make sure I understand all of my options. My financial prospects for the next few months, and why I'm even thinking about it: I'm going to sell a condo, and walk away with around 105,000 - of that I'm putting 80,000 down on a house. So 25,000 remains. My current plan is 15,000 for a vehicle, 10,000 for potential home issues (inspection was literally perfect so I don't expect anything, but it happens). In addition to that I have 10-15,000 saved. I'm in the DFW area, so that's probably 6-12 months if I lost my job. I could however convert the entire house 'extra' into a car, and still have no payment - I'm not financing a dime on a car either way, I refuse to. Things on the table are the Honda Fit, which goes new around 16,000 or used around 12,000, the Ford Focus/Fiest, the Civic hatchback, etc. If money were literally no object ever I might get the hot hatch from Golf or something but I don't think I want to pay for 91 octane gas and more frequent/invasive services. [link] [comments]  |
| Posted: 28 Jul 2019 02:24 PM PDT I (28yo) make 140k per year. My husband (same age) makes about 75k. Our mortgage with PMI is 2k/month. We both recently started maxing our 401k and Roth IRA, after aggressively paying our 150k student debt loans in 3 years. We have zero debt other than mortgage. We own two newish cars. We spend a LOT of money on things we consider "fun". But with a baby on the way, our lifestyle- and idea of fun- is about to change. Daycare cost will be 1500 per month, so that's an added expense. Anyways, we have a significant amount of money leftover per month. We recently decided to pay off our house in 7 years. But I'm second guessing this: do you think we should do a high yield savings, a mutual fund, or something like that instead? Or just cruise through our mortgage (we bought the house at 335k when we had no money for a large down payment, hence the PMI, due to student loans). We had our house appraised recently and are waiting to hear back about getting rid of the PMI. Any advice is appreciated! I should add we get killed in taxes every year always owing 5k plus even with claiming zero. [link] [comments]  |
| What happens to a Vanguard S&P 500 ETF when a new company enters the S&P 500 index? Posted: 28 Jul 2019 12:27 PM PDT I've been trying to find the answer online but couldn't get any answers. I'm sure this is a very basic behavior of funds mimicking indexes and I'm sorry if there is an obvious answer. If a new company's market cap is big enough (let's say 10 billion) it enters the S&P 500 index. What happens to an S&P 500 ETF then? Do they sell stocks from the company going out of the index to buy stocks from the new company just entering the index? If so, how often does this re-balancing usually take place? Can it be costly if a company leave the top 500's stock is worth little while the newer company's stock price is exploding? I'm considering investing in a worldwide market cap index and knowing that stocks get weeded out regularly makes a difference I think for riskier indexes that include emerging markets. [link] [comments]  |
| Posted: 28 Jul 2019 04:57 PM PDT I'm young and just started learning about the importance of getting a Credit Monitoring Service (after the Equifax breach). I already use annualcreditreport.com to manually check all 3 agencies' credit reports once a year. I also have a credit card from Chase that comes with Credit Journey to look up my Credit Score (Technically it's a VantageScore 3.0 from TransUnion, not FICO). So, my question is, I'm looking for a free Credit Monitoring Service that will actively notify me whenever something suspicious comes up like a new account opening. Credit Karma and Discover Credit Scoreboard seem to be the main ones that people recommend, but they only monitor certain credit reports instead of all 3 (Credit Karma seems to only do TransUnion and Equifax, while Discover does Experian). So, would I have to use both of them to monitor my credit then? Is there no free Credit Monitoring Service that does all 3 reporting agencies? Also, to make things even more complicated (or easier, I don't know) it seems like the 3 Reporting Agencies themselves have their own free Credit Monitoring Service according to a Reddit post I saw on here a while ago: Experian: https://www.freecreditscore.com Transunion: https://www.trueidentity.com Equifax: https://www.equifax.com/personal/products/credit/credit-lock-alert/ Should I get all 3 of these free Credit Monitoring Services from the individual Reporting Agencies? Should I just get Credit Karma? Or Discover Credit Scoreboard? Or Both Credit Karma and Discover Credit Scoreboard? (Information Overload?) I'm just trying to figure out the best way to monitor my credit without overdoing it. Thanks. EDIT: Fixed Formatting [link] [comments]  |
| Posted: 28 Jul 2019 06:30 PM PDT So the past ten years have been a nightmare of finances but the future is hopeful. I grew up in an upper middle class family but my parents were high school drop outs with no business having kids. They blew every penny they ever got and left me with no example on how to budget, make money, save, how credit works, etc. I started off early on incurring some student loans and credit card debt, but the real problems started with my marriage. My husband and I were both pretty stable when we got together. I was a teacher and he was a carpenter. We both made in the ballpark of 35-40k. We got married and bought a house in 2008. Yeah bad timing. Eventually filed for bankruptcy in 2013 for the house, a repossession, and credit card debt. Then the plan was to work hard, get financially stable again, etc. We also started having kids in 2009. So by the time the bankruptcy rolled around, we were broke with three kids. Fast forward to now. He has never got a job. There have been excuses after excuses. He did get a pretty great job a few times but quit after a week. Most recently, he worked part time for a stint- it lasted six months at 10-15 hours a week. I'm filing for divorce. So I really want to get everything in order but I'm not really sure what's realistic. I just got a promotion where I work so I'm going from 39k to a 63k salary. I will likely have the kids full time and get child support but will have to pay alimony. (Annoying) Right now I have a huge student loan debt (100k), owe about 13,000 on a vehicle, and owe about 1000 in other random debts including credit cards. I am familiar with the Ramsey debt snowball method. Any advice would be helpful, including if this post is better in a different sub. Also, my kids right now are 5, 8, 10. I want them to really have some experiences growing up that include vacations and extra curricular activities. If I just focus on being debt free, they will be adults by the time this is all over and so I'm hoping I can also set some money aside for them as well. One more note and thanks for anyone still reading. Even though my salary is going up to 63k this year, based on my education and experience, it will likely increase to about 90k within the next 3-5 years. [link] [comments]  |
| Posted: 28 Jul 2019 06:58 PM PDT I graduated college about a year ago and have been applying for jobs in a city 400 miles away (there are closer areas with jobs but I know a few people here and I want to get farr away from home). Lately, my days consist of applying for jobs and then fighting with my family and it's getting very old. I have about $13,000 in savings, couple hundred dollars in my checking account, paid for reliable car, and everything is still packed and ready to leave from college. Is it stupid to use the money I have in my savings account to pay for the first year of apartment rent while I hope to land a big boy job that can sustain me? I can use my parents as a guarantor and the city is average to low cost of living. [link] [comments]  |
| Zero idea what to do with my savings. Posted: 28 Jul 2019 04:21 PM PDT I have saved up quite a bit (at least by my standards), unfortunately, I am wholly clueless when it comes to what to do with any of it. I live minimally, save frequently and make no major expenses. I suppose I want my money to "work for me," but I don't know how to go about doing that. Beyond knowing checking and savings, and "live beneath your means," I know nothing of financial stuff. I'm a single man in his 20s living at home if it matters, [link] [comments]  |
| My family is pushing me to buy a brand new car, is it really a smart idea??? Posted: 28 Jul 2019 12:01 PM PDT So, like the title says I need a new car. My family thinks that buying a used car is basically inheriting other peoples problem and only slighly less than the cost of a new car. I haven't started building credit yet so this would be a great way to start building credit. The problem is I don't want to be on car payments. But I don't want problems. I'm young (21F), I pay for my college by myself, while working full-time, and I am trying to move out on my own to gain some independence aince I currently live at home. I'm torn. I need something reliable but im scared to have to rely EVERY SINGLE DAY on something that isnt mine or that will be bring more steess into my life. What should I do? Get a used car or a new car? Edit: THANK you so much guys for all the support and advice!!I knew I didn't need to buy a new car with my finances!!! [link] [comments]  |
| paying credit card bill on time Posted: 28 Jul 2019 05:31 PM PDT hey all! so i have a very basic question, and it may seem stupid, but i'd rather ask than make a mistake and hurt myself down the road. i just signed up for my first credit card, and the payment due date is the 2nd of each month. should i pay my bill about a week before that date? am i correct in saying that if i were to miss the payment, the apr would kick in and i'd start owing interest on it? i really want to make i'm using the card responsibly, so i'm only using it for gas. anyways, thanks. :-) [link] [comments]  |
| Posted: 28 Jul 2019 03:21 PM PDT Someone withdrew money from my debit account at 2 gambling locations when I was out of the country. The bank rejected my dispute even though I called them from Europe to report the fraud the day it happened. They claim I'm responsible for the money since the card has a chip and a pin was used. I've filed a police report and sent the bank a copy of my plane tickets and passport to prove I was out of country, but it has been a month and they have yet to resolve the issue. The card was in my control when it happened, so I don't know how the fraud happened. Is there anything else I can do short of small claims court? [link] [comments]  |
| Anyone have any experience with Fundrise? Posted: 28 Jul 2019 07:58 PM PDT I recently discovered Fundrise and it looks like an interesting way to get into real estate investment, but without the large upfront capital or time commitment. I haven't heard much about it, though. Anyone have any experience with it? [link] [comments]  |
| Making past due payments with Care Credit? Posted: 28 Jul 2019 04:00 PM PDT So I had this account for about a year and I've always made payments in full and on time, however I'm in a bind and missed this month's payment and will need to cover it on top of next month's payment. I've been getting calls with no ID (I know it's them) but can't really pick up the phone while I'm at work. Do they offer deferment plans? Or Is it okay if you pay at least part of what you owe until you can pay your monthly bill in full? I just want to stop getting automated phone calls from them. [link] [comments]  |
| Getting out of a high interest auto loan Posted: 28 Jul 2019 08:42 AM PDT My fiancé bought a used car without me and settled for a loan with an 18% interest rate, yes absolutely absurd and never would have happened if he consulted me first. Right now there is $12,000 left on the loan to be paid over the course of 4 years. Looks like this model in similar condition are going for $8-13k on the market. We have a beater he could use instead and I would like to completely get rid of the car. He's very handy and fixes his own cars. I have enough cash to pay it off outright but not sure if that's the best route. I understand we will be losing money on this but want to cut our losses ASAP and get out of this car payment. Looking for any advice. [link] [comments]  |
| Should I ask for retropay that wasn't delivered? Posted: 28 Jul 2019 12:42 PM PDT I recently asked for and gotten a raise at my organization and I'm very thrilled to have received such a generous boost... it really shows they want to retain me. I signed all the new payroll paperwork in mid-late June and assumed the change would take effect immediately. When I got my paycheck for the last two weeks of June my raise had only gone into effect for 20% of my accounts. I brought this to the Executive Assistant and she found out there was a miscommunication between herself, my bosses, and payroll on the paperwork... ie someone didn't sign a form. She had me resubmit all the paperwork and said she'll get me retropaid from the beginning of June (was more of a statement than a promise). Well, my next paycheck came in on Friday and no retropay. This retropay would be in the ballpark of $400. I feel kind of weird bringing this to her attention.. like I keep asking for more money. Should I ask the Executive Assistant about the retropay or just move on? [link] [comments]  |
| Should I prevent us from accruing debt or should I invest while my wife is in medical school? Posted: 28 Jul 2019 02:28 PM PDT Haven't seen a question quite like mine and would love your advice! My wife and I are in our 20's and are starting to get our finances in order. She is attending medical school, and I am working to support us. We're taking out student loans for the cost of her training. Here's my question: what should I do with any extra income I earn? On the one hand, I could reduce our debt either by (1) paying off loans she has already taken out or (2) paying some portion of tuition each school year that we would otherwise finance through additional loans. On the other hand, I could invest either by investing a retirement account or by saving for a down payment for a home. Other relevant info:
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| Need Advice: Building a house and struggling with the decision to lock in our mortgage rate. Posted: 28 Jul 2019 06:11 PM PDT My fiancé and I are buying/building our first home (we live in the US). We are at start of construction and looking at having a completed house in about 90ish days. Our loan officer has reached out to us to see if we would like to lock in our mortgage rate since we are at start of construction and the rates have dropped since our first meeting. It would cost us $822-$1096(float option) dollars to lock in right now. It will be free to lock in at 45 days. I've tried googling about mortgage forecasts and whether to lock in, but it hasn't been much help. I have seen that the FEDs are lowering rates starting July 31st, but I don't really understand all this mortgage stuff. If anyone has any advice, I would greatly appreciate it. [link] [comments]  |
| Posted: 28 Jul 2019 05:50 PM PDT So I'm looking at getting out of the military and I have no idea how retirement plans work on the outside. I don't want to get out and not still be working toward retirement. I know that 401K's are a type of retirement but I don't know anything about it or where to look it up. Finance stuff kind of goes over my head and confuses me to most of the time to be honest as well. Is there somewhere that breaks it down and explains them really well? [link] [comments]  |
| Posted: 28 Jul 2019 08:56 PM PDT I'm just gonna make things short and sweet here. I have worked a part time job for just about a year now. I recently stumbled upon my W2 form from last year and noticed that my SS was one number off. What do I do and how do I get this fixed? And is there any way I get my money back to my actual SS? Thank you for your help! [link] [comments]  |
| Posted: 28 Jul 2019 08:56 PM PDT |
| Still don't have my US tax refund and not sure who I can contact about it. Posted: 28 Jul 2019 11:53 AM PDT I filed my taxes at the end of March, and then received an IRS letter in the mail saying they were auditing me. Fair enough; it was the first time I'd done my taxes myself. They said to call if 60 days passed without hearing from them, and it's been ~90. No further communications from them have been received at all, but when I call the contact number on the letter, it just goes to an automated phone system with no way to speak to a representative. I've looked for other IRS contact numbers; same deal. There seems to be some instruction about calling the specific department in charge of my audit, but they didn't say which one, not give me a department's number. Checking the IRS's "Where's My Refund?" tool says that it's being processed, which is the same message that I've been getting since April. So, as far as I know, my tax refund has fallen through the cracks and they're not taking calls about it. What can I do? [link] [comments]  |
| Backdoor Roth Tax Implications [x-post /r/tax] Posted: 28 Jul 2019 06:12 PM PDT |
| Posted: 28 Jul 2019 08:09 PM PDT I'm 19 yrs old with no credit at all. I make 11,000 a year. I applied for a secured credit card because I heard they're good for building credit and got denied because "credit history missing or unavailable" ??? What other ways are there to build credit? My parents have bad/no credit so they can't really help me. [link] [comments]  |
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