Personal Finance 22 planning to leave home but my parents have all my money, what to do? |
- 22 planning to leave home but my parents have all my money, what to do?
- GF is selling her dress for $100, gets a check for $1,980, scam?
- New IRS withholding calculator
- Leaving the states as a foreign citizen with 10k+ cash in gambling winnings
- Father deceased, no spouse, only child. I need to take care of his estate/finances, what am I missing?
- Kicked out of school (19)
- Landlord Showed Us Doctored Bills
- Need help career planning at 28 years old? Unemployed and Autistic.
- Persistence pays off, but it shouldn't have to. My experience with my first PayPal dispute.
- 64 Year old Dad wants to play the stock market...
- Quitting my job to travel for 3-4 months and moving
- Refinancing a 1 year old conventional mortgage smart right now?
- Do you shop around each year for better insurance rates?
- Just got an IRS Form CP2000 in the mail saying I owe in excess of $10,000. Should I contact a tax attorney or CPA to help?
- Parents didn’t claim me in their 2017 taxes. What will happen to my FAFSA?
- Roommate refuses to split power evenly
- Should the Equifax rep be asking for your entire SSN over the phone?
- Receiving PMs about clearing my debt on a daily basis now
- Rolling over large IRA (32F)
- Our apartment complex wants us to sign an 18 mo lease as well as increase our rent. What should we do?
- Last year I canceled my Spectrum account but was still billed, I refused to pay. My Trans Credit Score dropped 120 points, citing that balance being turned over to collections. Dispute?
- I have a debt collector after me, but it’s not really my debt. Advice?
- I’m 25 with 100k in the bank. What should I do with the money?
- Federal refund was more than I was due, now what?
| 22 planning to leave home but my parents have all my money, what to do? Posted: 07 Aug 2019 05:03 AM PDT So this requires a lot of backstory and I dont know how most of it works tbh so I'll just say what I know. I want to leave my house, no rather I NEED to leave my house, it's not safe for me anymore and I dont ever want to live there again. Problem is, my parents control my bank accounts somehow, all I know is I'm a linked account with them or something and anytime I take money out or try to transfer it they cancel the transfer and tell me not to do that. I'd be starting over with no money no nothing. I've figured for school I can just take out a loan and figure it out from there, but how would I start a new bank account from nothing, my plan is to literally leave with nothing and start over, I can crash at a friends' place for a bit but I dont want to bother them for too long, I just cant be here anymore. Please any advice helps, thank you in advance. Edit: thank you everyone for your responses! I'm not currently in the US so I fell asleep, but I've read through all the comments and wanted to thank everyone for the advice. To answer a few questions: Parents are abusive, yes, something happened while we were on vacation that almost resulted in me being kicked out while on foreign soil and basically being forced to start a new life and find a way home by myself with no money and I decided "no, I'm not living like this anymore". Why didnt I leave earlier/why dont I leave now? I'm on vacation with them now, and in the past I was too scared/they threatened to call the cops on me before I was 18 and I guess I never figured that after I turned 18 they dont have jurisdiction over whether or not I leave. Thank you so much everyone, I wish I could get back to everyone that responded but I woke up to like 300 messages in my inbox. I appreciate all the help from everyone and all the best wishes, thank you. [link] [comments]  |
| GF is selling her dress for $100, gets a check for $1,980, scam? Posted: 07 Aug 2019 03:31 PM PDT My girlfriend is selling an old prom dress for $100, she got a call from what seemed like a nice older woman, who wanted to buy it, but she needed her to hold it for her until this weekend, in exchange she said she would pay an extra $70. The woman said she would have some relatives coming into town to pick up the dress. So far so good. Then today my gf got a check from the woman for $1,980, much more than the agreed $170. The dress itself was bought new for $400. I wondered if the woman mistakenly added another zero. So we called the woman and sent her a picture of the check asking if the check was correct. The woman said that it was correct and she wanted to give her a little extra for her trouble. We haven't even given her the dress yet. I think the woman still could have made a mistake and still hasn't noticed. Or maybe the check will bounce, but then why did she send the check before she got the dress? My gf thinks that woman's "relatives" could come to kidnap her. My mom thinks we should cash the check at a check city so that we can get it in cash without any bank information being involved. Is this some sort of scam? EDIT: We called her back and she said $1,800 is for the movers, aka family members that are picking up the dress. [link] [comments]  |
| New IRS withholding calculator Posted: 07 Aug 2019 08:34 AM PDT link to the estimator https://www.irs.gov/individuals/tax-withholding-estimator [link] [comments]  |
| Leaving the states as a foreign citizen with 10k+ cash in gambling winnings Posted: 07 Aug 2019 05:20 PM PDT Im an Australian poker player playing in Vegas for a few months on an ESTA. I'm 3 weeks in and results indicating I'll have well over $10k in cash when leaving the country. I'm aware that the US taxes gambling winnings, however does this apply to foreign citizens' gambling winnings? If it does, are there ways to circumvent this or will I just have to wear it? Also, does it make a difference if I return to Australia at the completion of my 3 months or travel elsewhere as far as this is concerned? Cheers in advance for any info [link] [comments]  |
| Posted: 07 Aug 2019 11:59 AM PDT Thanks in advance for reading, I frequent the PF subreddit and there's lots of good discussion here. My father passed away this week. He was not married and I'm his only child. He owned no real estate, and his belongings fit in his truck, which he left to me by adding my name to the title. He rented a room from a friend of his. I'm fairly certain he had no debt either. He left no will and wasn't employed when he died. I have taken possession of the truck and a box of important papers that he kept. Birth certificate, SSN card, military discharge, a couple of old bills, but not much else. I have plans to contact his bank and the Social Security office as soon as we have the death certificate, but I'm not sure what else I need to do to make sure everything is squared away. I want to avoid contacting a lawyer as I don't think there's much of an estate. I don't know if he had any life insurance policies, nor how to even found that out. I really don't even know what questions to ask, but if anyone has any advice or suggestions I welcome them. EDIT: if there is a better sub than /r/personalfinance please let me know, this is the first place I thought of. [link] [comments]  |
| Posted: 07 Aug 2019 07:01 PM PDT I've been kicked out of school due to poor marks caused by a severe substance abuse problem. I am clean now and that is no longer an issue, but I won't be allowed to go back to school until January. I have enough money saved that I can get by for about six months which gives me some freedom with what I want to do with my time. I'm looking for a constructive use of time that will help me gain/maintain financial independence in the long run, not necessarily by making money now but by adding something to my repertoire/resume, like learning a skill or a language for example. If anyone feels like they can point me in the right direction I would be very appreciative. [link] [comments]  |
| Landlord Showed Us Doctored Bills Posted: 07 Aug 2019 07:32 PM PDT My family just moved into a new condo on July 1st. Our landlord had given us papers of payments (not an official bill?) to the electric company that were around $40 each period. The last tenant (a relative of the landlord) told us they kept the temperature at 69 (with central air) and that the bills were always around $40. This is what we did, following her advice. But our bill came out to $250. We still have copies of the papers given and think they were fake to mislead us into taking over the lease. What are our rights in this situation? [link] [comments]  |
| Need help career planning at 28 years old? Unemployed and Autistic. Posted: 07 Aug 2019 10:41 AM PDT I'm a college graduate struggling to find a career path that's the right fit for me. At a young age, I was diagnosed with autism processing disorder, which makes socializing and processing information a challenge for me. Because of this, attending college and working in a professional environment has always been difficult for me. I managed to graduate college but unfortunately, I had no career goals in mind after finishing. Currently I have been jumping from job to job, unable to find a career that's a good fit for me. My first job out of college was working at a shelter for the homeless and while it was fine, I had no strong desire to work in the field helping the homeless. I got a new opportunity working at a logistics company as a Data Entry Clerk, but that job went south real fast and I ended up resigning due to making constant mistakes on the job. Currently I applied to vocational rehabilitation services and I am hoping that through working with a counselor, I can find some type of career to support myself. Right now, I have no real interests or hobbies. I tend to spend the majority of my free time writing and doing research. I'm also not really good at math or anything IT related (I tried for some time and did not do well at these programs). At this point, I am at a general loss of what my next plan should be. [link] [comments]  |
| Persistence pays off, but it shouldn't have to. My experience with my first PayPal dispute. Posted: 07 Aug 2019 12:58 PM PDT A few weeks ago, I read a post by someone here that said "There are only two kinds of people who use PayPal—those who have been screwed by them and those waiting to be screwed by them". Needless to say, I fell into the latter category but I managed to turn it around through sheer persistence, which honestly should not have been necessary on my part. A couple weeks ago I purchased an item off someone on reddit for about $500 and paid using PayPal invoice. After the seller had shipped out the item, I kept an eye out on tracking expecting the package to arrive in 2-3 days. After a week, it was still in transit so I reached out to the seller who contacted USPS and notified me the package was deemed to be lost. It was at this point I had requested a refund, but that's when the seller decided to ghost me so I opened a dispute with PayPal. 1st encounter: I read that I should immediately call instead of relying on PayPal's system, so I spoke to a rep who told me they will reach out to the seller and determine what was going on. At this point they said to give it time for the seller to respond and since this was my first time dealing with a dispute, I trusted their word and waited. Two days later, I noticed a pending refund from the seller which ended up getting declined by their bank, either due to not enough funds or forced cancellation. 2nd encounter: Not wanting to wait on this, I called PayPal again a day after the refund was denied and spoke to someone regarding how the policy works. It was at this point she told me that PayPal tries to request the refund from the seller 3 times before automatically refunding me and taking it from the seller. I explained the situation where the bank had declined the refund and she told me they will try again and to just wait and if there are any issues, to call back. I huffed, but she sounded genuine and it felt like things were going to go in my favor so I obliged. 3rd encounter: This is where shit hits the fan. The rep I spoke to had a faint idea of what was going on with the case "okay, you claimed item wasn't delivered but do you have proof?" It was at this point I told him the tracking number says the item's still in transit and no movement has been recorded and also where I mentioned the seller filed a claim with USPS who said the package was lost—then he cut me off immediately "It's USPS problem if the package was lost and chances are you're going to lose this case but you should wait 4 more days". I tried to reason with him explaining that the package never arrived, I can't get in touch with the seller anymore, and USPS has been of no help to which he just recited PayPal policy and increasingly became more frustrating to talk with. I politely told him I no longer wished to speak to him at which point he notified me that he's been keeping track of everything I said in the notes in case I tried calling back. At this point, I straight up hung up. 4th encounter: This is where I considered waiting 4 days, but I had a deadline to get this resolved by Aug. 18th after which PayPal would close the case. I also didn't want to take any chances in case PayPal deemed in favor of the seller and closed the case in which case I'd have to try my luck with my CC company. I decided to call back an hour later and was immediately connected to a customer service rep who had to transfer me to dispute. The lady I spoke to couldn't have been more helpful. I explained that I did not receive the item and it's been nearly a month at which point she requested to put me on hold for about 5 minutes and then said she would go ahead and start processing the refund. I honestly did not want to say anything else at the expense of screwing myself over. I took a look at my PayPal account and everything looks to be in order. It baffles me that I spoke to 4 different people and they all had a different idea on how the policy works at PayPal. I honestly don't know who's right or wrong in this situation, but it's the last time I attempt to make a purchase using invoices. It sucks because I've been buying/selling things on PayPal for almost 5 years now and this is the first time I've ran into an issue like this. I'm glad it worked out, but I feel as though this should have been something that could have been resolved within the second, if not first, point of contact. [link] [comments]  |
| 64 Year old Dad wants to play the stock market... Posted: 07 Aug 2019 04:43 PM PDT First time poster, longer time lurker. I'm here looking for a way to convince my dad to be smart. He has amassed 60K in cash and it's just chilling in his account. He's still working his fulltime job that he's been at for 26 years. He desperately wants to quit. His 401K is not great because my mom divorced him 5 years ago....and well took half. He is considering talking to a broker to help him invest that money in stocks, but I am pleading that he doesn't do that. He's asking me for other options, but I think he's trying to make a living off of his cash after he leaves his job. What options can I give him so he doesn't do something he will regret? Additional info. He has NO debt. He owns his house and lives well below his means. He's quite a frugal person. Just trying to protect him from a bad decision financially this late in life. [link] [comments]  |
| Quitting my job to travel for 3-4 months and moving Posted: 07 Aug 2019 01:41 PM PDT I'm 28/f and thinking of quitting my $21/hr job to travel for 3-4 months to Asia and Europe before I move to either California or Seattle. Current job and local job market has no room for growth even tho I have been working at my job for 3 years. This has taken a toll on my mental health. Due to where I live now, traveling is very expensive on top of the very high cost of living on my own. It is near impossible to find work out of state prior to quitting since I would not be able to fly out for interviews due to the distance and cost. I have no debt and cannot move back to my parent's home. I've also picked up a part time job making around $500 extra per month. I'm very burnt out working 52 hours a week just so I can save money to one day travel. I have $10k in my 401k, $10k in my savings, and $85k investments. What worries me is finding a job after I come back in the places I plan to move to. My current job is my first full time job after college but took me 2 years to get. I am aware that travel will not fix problems. Is this whole idea unrealistic and will ruin me financially? [link] [comments]  |
| Refinancing a 1 year old conventional mortgage smart right now? Posted: 07 Aug 2019 08:31 AM PDT Good morning PF, I utilized a mortgage broker when my wife and I bought our house in May of last year. We got a 30 year conventional loan, paid 10% down and avoided PMI with a 4.95% interest rate. They just reached back out and advised that rates have dropped and he can get me into another 30 year mortgage for 3.75%. I need to hit these "Metrics" in order to qualify however which are no problem.
My wife and I plan to live at this house for at least another 10 years, so a 1.2% drop is almost a $400 a month save on our monthly mortgage payment. Does this seem to easy, or is there something else behind the curtains I should be aware of. Seems like a no brainer to spend $2675 to save $400 a month. The payment pays for itself in 6.5 months. [link] [comments]  |
| Do you shop around each year for better insurance rates? Posted: 07 Aug 2019 08:36 AM PDT I was talking to my boss this morning and she mentioned how one of our other coworkers told her that he goes to a local insurance finding(?) business. And each year that business will search for the best rates for him for his 2 cars and house. His premium is about half what I pay, and his house is much nicer, and he has two cars instead of one like I do. His deductible and coverage is also equal to mine and hers. I asked her if he has noticed a lower quality of service with this method. Turns out he recently had claims against his house and both cars due to a storm, the insurance company sent someone out right away and filed all the necessary claims quickly with no hassles! I have never heard of this before, and I currently do not shop around and have been with the same insurance company for years. Is there advantages/disadvantages to this method? Is it too good to be true or am I missing something? Why wouldn't I go to this insurance finding company? [link] [comments]  |
| Posted: 07 Aug 2019 02:15 PM PDT This is for filing year 2017. There's a mistake on the the tax form but the numbers are still accurate. They think I messed up way more than I did (some numbers are in some wrong spots, but it still equals out - just not how they like it). [link] [comments]  |
| Parents didn’t claim me in their 2017 taxes. What will happen to my FAFSA? Posted: 07 Aug 2019 07:09 PM PDT Hi, I'm trying to verify my FAFSA application but just found out my parents didn't claim me in their 2017 taxes because I didn't have SSN at the time. I only had a visa back in 2017. Will my FAFSA application get rejected? [link] [comments]  |
| Roommate refuses to split power evenly Posted: 07 Aug 2019 05:43 PM PDT I live in San Diego where power is remarkably expensive. My roommate has been switching the A/C off completely instead of raising the temperature setting on the thermostat (most energy saving resources recommend this). The hard starts/stops made out bill skyrocket in addition to the summer price increases. When I requested his half of the bills he told me if the next bill is over 200 he's only paying 1/3rd since he "doesn't need the a/c" I'm at my wits end and need some advice on how to deal with this. [link] [comments]  |
| Should the Equifax rep be asking for your entire SSN over the phone? Posted: 07 Aug 2019 01:25 PM PDT I'm trying to place an Equifax credit freeze, and enrolled in my.equifax.com They mailed me a verification code to complete enrollment online. After inputting it in, I still can't log on to place my freeze. I call customer care at 888-836-6351, but the rep asks for my full SSN. Can anyone else verify having to give their full SSN over the phone to an Equifax rep? The other agencies only ask for last 4 digits, but we all know that Equifax is inept here... (edit- the call was also outsourced to India) [link] [comments]  |
| Receiving PMs about clearing my debt on a daily basis now Posted: 07 Aug 2019 07:43 AM PDT This is a reminder to not accept any solicitations from users claiming to help you get out of debt. One person sent their number and another did the same. Please follow the rules, otherwise, you will be clocked and reported for soliciting. [link] [comments]  |
| Posted: 07 Aug 2019 06:10 PM PDT I currently have about $170k in an Empower IRA (was originally an employer 401k that I rolled to IRA when I left that job) and $15k in a Wealthfront IRA. Due to my partner's job at one of the Big 4 (US) accounting firms, I can no longer keep my money in either company for compliance reasons. I prefer to park the $$ and let it do its thing. I'm thinking Vanguard is probably my best bet, but wanted to see if there is something obvious I'm missing given that I'm close to $200k in funds that I'm moving. I've never had money at Vanguard so need to figure out which funds make the most sense. My current employer has Fidelity and that is where my 401K is and my HSA. Is there any value in moving these funds there? FWIW, Charles Schwab is on the "allowed" list as well. I also have a Roth IRA at Morgan Stanley ($38k balance) from 2006 or maybe even earlier that I rarely pay attention to. [link] [comments]  |
| Posted: 07 Aug 2019 02:51 PM PDT Two months before our lease is up, our property managers usually send us a new contract with an updated lease agreement. We were excited because we knew we were on the right track to paying off our debt and we were interested in seeing our new rate which we expected to go up. We got our agreement to sign a few days ago, and I have no idea what my expectations were, but not this. We've lived here a few years now, and in the past they've only marginally increased our rate. We are also one of the lowest rent rates in the complex due to us having outdated fixtures and cabinets. Whatever, I'd rather take the lower rate. Last month, I was curious to see if rent rates across the complex had risen to give me an indication of what to expect for our rates. When I checked their website, as required, they had their lowest costing apartment available listed for maybe $10 more than what we were currently paying. Awesome. I still expected them to exceed that, no big deal. So when we got our new rate, I was a little taken aback -- not just on their new pricing, but on the agreement itself. They wanted to increase our rent by $70 per month (which technically I guess would fall into the standard 3-5% increase per year?) as well as sign us into a lease for 18 months. I had my husband call the office and they said that they wanted to extend the lease longer because they had too many people with leases ending in the month of October. My husband didn't ask about the rent increase because we wanted to figure out what was going on. I checked their website again, and it looks like they increased their overall prices for their apartments to over $100 per month than what they last were when I checked. Our sign on lease agreement, we started at the rate of $1590/mo. Now it's $1750. That, to me, is a huge jump in cost especially since no updates to the units (any of them) have been made, only to the landscaping and pavement around the leasing office. A little background info as well: there are two luxury apartment complexes in the area (one right across the street) that are going up in our city. Also, our city isn't exactly the most ritzy or whatever, most of our schools are title 1 schools (USA). So I have a lot of questions that maybe you can help me answer to help my husband and I make a decision.
We are not financially prepared (again because using all of our extra money to pay off debt) to move out, but the whole situation just feels so threatening. I don't know if it's my anxiety or if I have legitimate concerns. Thank you for your help. EDIT: Okay guys, I think I actually figured out why they want us to do an 18 month lease. Our lease is up in October, which would put 18 months from then to April. I'm not sure if you guys have similar issues, but from April to September, the inventory for apartments is low and the rates are higher due to most people moving in the warmer months. So, for them, an October lease is a hard sell compared to an April lease because by then everyone would have a lease somewhere else. If they were to have the unit available in April, that means they could easily raise the price when we leave and have it "sold" immediately. HOWEVER, that same reason why they'd want a new tenant in April would be the very thing we DONT want. We would have to search in a market that has higher rates as well as the cost of movers increases during the warm months. Hopefully we can negotiate different terms, but I do not like the idea of moving at some point during a season when it's not financially in my benefit. [link] [comments]  |
| Posted: 07 Aug 2019 07:27 PM PDT I tried to solve the problem with Spectrum last year, they weren't helpful and insisted I owed them the money. I canceled by phone, and returned the equipment; they did not have that in their records. As far as evidence goes, I don't exactly have photos of me handing the Modem over, so I don't know what to do to win this dispute. I googled it, TONS of people have issues canceling their Cable Subs and still being billed; it seems common for these companies to have billing errors. The entire balance is less than $250, which makes 120 point drop seem excessive. I really need to get this off my credit report! Will contacting the NEW creditor and explaining the situation do anything? What can I do to win this Dispute? I want to be completely prepared before I file it. My number one goal is getting these 120 points back. Below is the info I have available to me from Credit Karma. OpenedJun 06, 2019 (2 mos) Account statusOpen ResponsibilityIndividual RemarksPlaced for collection Original creditor name11 CHARTER COMMUNICATIONS ------------------------- Creditor Information SOUTHWEST CREDIT SYSTEMS4120 INTERNATIONAL PARKWAY SUITE 1100CARROLLTON, TX 75007 --------------- Edit: Again, I WANT THE POINTS BACK. The money is NOT the issue here, it's the points. Secondly why the fuck would I ever pay a debt I didn't incur? If I send you a bill tomorrow saying you owe me $100, even though you don't owe me a dime, you should just pay it so I don't report you to a creditor? Okay, what's your address? :) [link] [comments]  |
| I have a debt collector after me, but it’s not really my debt. Advice? Posted: 07 Aug 2019 07:18 PM PDT I had a spat with my gym - signed a contract for four months, but after my fourth and final payment, they tried to state that I had one more payment. Apparently "what we said was a four month contract was actually five months, so you have to pay the fifth installment". And I basically said, "no. The contract explicitly said I had to pay $1000, and that's what I paid. So fuck you and your $1250", and changed my card so they couldn't charge it. They sent it to collections, and now this debt collector called so I told him "not my debt, not my problem" and hung up. This happened back in March. As far as I can tell, it's not on my credit report because credit karma says I have no derogatory marks (is this usually accurate?), but can it go on my credit report at a later time? I didn't accept the debt. Also, what do I do? I get the feeling I shouldn't ignore the debt collector...but I kind of want to ignore the debt collector. I know this is bad. Thank you for any help you can provide. [link] [comments]  |
| I’m 25 with 100k in the bank. What should I do with the money? Posted: 07 Aug 2019 04:29 PM PDT I've been saving as much money as possible for the past few years and want to know what's the best thing to do with the money so it's not just sitting there. Investment tips? Thank you. [link] [comments]  |
| Federal refund was more than I was due, now what? Posted: 07 Aug 2019 03:21 PM PDT Got married in 2018, so this was the first time doing a joint filing with my spouse. We filed in February this year, and got an IRS letter 12C in late March. My wife was getting Premium Tax Credits/ACA up until we got married and she became eligible for my employer-sponsored coverage. The letter asked for her 1095-A and the 8962 (PTC reconciliation form). It didn't occur to us to file one because we didn't get a 1095-A in the mail (we moved) and weren't really aware of the consequences of combining incomes in this scenario. So we tracked down the 1095-A and oops: though she went on my insurance in March, her insurance plan didn't get canceled until July so there were 6 months of PTC credits instead of the 2-3 we were expecting. I recall we waited a bit to cancel the old insurance because we were waiting on some kind of written confirmation that she was in fact on my employer-sponsored insurance before canceling the old one. Honestly I can't remember the timeline of events there, but it's clear we screwed up and kept the old insurance longer than we should have, or the insurance company took their sweet time in closing the account. I plugged all this into H&R Block and boom: our $3800 tax refund dropped to $800. That sucked, but we accepted it. The letter specifically stated not to send in a revised tax return and only asked for those two documents, so we mailed the forms to the IRS in late March along with a copy of the 12C letter. We didn't hear anything for over a month, so I called the IRS sometime in May. They told me that the forms had been received but were not input into the system until April 19th, so I should wait 6-8 weeks before calling again. We received no notice and the online status never changed, so I called again two weeks ago to ask what was going on. Was told that there had been a data entry error or something like that on their end, and the person on the phone said she was sending some kind of letter or notification to the responsible department to get it moving again. She said "Call again if you haven't received a notice in 8 weeks". I got my refund via direct deposit 3 business days later (July 31st), but it was the full $3800. It sure seems like I'm holding on to $3000 that's not mine, and I'm not sure what to do next other than park it in my savings account and wait on the IRS to send some kind of follow-up letter. Is there a proactive move I can make here? I'd rather not be dealing with this next tax season. [link] [comments]  |
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