Personal Finance I have worked at my current job less than a year, but I just recieved another offer for $13K greater salary and better benefits |
- I have worked at my current job less than a year, but I just recieved another offer for $13K greater salary and better benefits
- 23 and Recently Widowed. Need advice with what to do with unexpected life insurance (500k)
- Just made the last payment on a 5-year plan to payoff $42k in unsecured debt.
- I fell for a job scam. What should I do
- I am 19 with 50k and know nothing about investing. Help.
- I’m 30 years old and I make $30K a year. Is this ok or will I be screwed in the future?
- Why is there an income limit on Roth IRA contributions if the backdoor Roth IRA method has been blessed by the IRS?
- Having "the conversation" with aging parents
- I’m really struggling to live each month with the amount I’m making
- I quit a well-paying job last December and have yet to be financially stable again.
- At what point is lifestyle flexibility more important than money?
- Can I reasonably afford a house without being house poor?
- Do not let a sudden windfall burn a hole in your pocket.
- Dutch Immigrant in the USA, diagnosed with stage 4 cancer, what finance options do I have?
- I received an interview request from the same employer I work for now, in a different department an $5k-$10k more than what I am currently being paid
- I fell for an address change scam. What can be done?
- Making $52,000 per year but after taxes and benefits I take home $33,000. Is this right?
- Money buys the best thing of all... peace of mind.
- Someone has had my social security number since high school and I barely found out now. Seriously scared and would like some help on what to do next.
- Freelance Filmmaker about $25K in credit card debt.
- 27, 20k in debt no degree, chronically unemployed, & no idea how to be financial independent
- Meriwest CU 3.5% APY up to $5000 then 2% up to $10,000. Yay or nay?
- Retail Bank Manager Salary
- Selling a property in Oregon, buyer wants to pay cash...actual cash. Issues?
| Posted: 28 Aug 2019 07:23 AM PDT I currently make $52K, and got a job offer for $65K for a "senior" role in my field. The benefits are all better too, with a much better 401K match. I've only worked at my current position for 10 months though, so I'm not sure leaving so soon would be a good thing. Is it bad to jump jobs so frequently? Would it look bad on my resume? EDIT: to add more specifics of the situation, my manager just went on maternity leave until November, and I assumed many of her responsibilities. If I were to accept this offer, I'd royally be screwing over the people i currently work with, and would no doubt burn the bridge behind me. [link] [comments]  |
| 23 and Recently Widowed. Need advice with what to do with unexpected life insurance (500k) Posted: 28 Aug 2019 10:01 AM PDT Using a throw away because I don't want people who know my main to know about the money. Okay. So my husband died a month ago and his insurance payout was 500k. I have 73k in student loans (from a private lender, not govt if that matters) after graduating with a bachelors. I'm currently living rent free with my parents and I'm allowed to stay here as long as I want. This setup will be minimum a year because I'm 8 months pregnant and need to adjust to motherhood and to my husband's sudden death. I am not working, but will be receiving an annuity of about 1k, which I will use for monthly expenses (food, clothes, diapers, etc.). I don't have any bills, as my student loans are deferred because I'm still taking some classes online for fun. I have a rental property which is currently paying for itself, as I have tenants. I was thinking to pay off my student loans in their entirety, and put the remaining $426,000 into two separate high yield interest savings accounts for now. I like this option right now because the money isn't stagnant, but I don't have to deal with the stress of investing on top of being a widow and a new mom. But I am open to ideas. I feel too young to be responsible for so much money and I don't want to ask anyone for advice in real life because money makes people do weird things. Please help, seeing that money hit my account stressed me out SO much, I was only expecting 100k and was making arrangements for that, but now all that is out the window. I live in the USA if that matters. [link] [comments]  |
| Just made the last payment on a 5-year plan to payoff $42k in unsecured debt. Posted: 28 Aug 2019 06:04 PM PDT I and the Mrs. Found ourselves in a situation where we needed to leverage our credit to get by, and we ended up buried. As soon as we recognized our situation was dire, we relocated to a place with a much lower cost of living and enrolled in a CCCS program. After nearly 5 years of paying $1,000 per month and living within our means, we made the final payment earlier today. Since we entered the program while we werr current with our debtors, we were able to stay current and reduce the (admittedly large) hit to our credit, and are in a good position to begin rebuilding. We have been able to payoff a car loan and stay current on a mortgage in the meantime, which surely helps. I know the road ahead is still a bit rocky, but I'm feeling great about finally being out from under that cairn of debt. Any advice for someone in our position, in terms of rebuilding our credit? [link] [comments]  |
| I fell for a job scam. What should I do Posted: 28 Aug 2019 01:08 AM PDT So about a month or so, I fell for a job scam or rather a recruiting scam. The whole story is I get a text from the supposed company saying they want me to do a google hangout interview. I did the interview through google hangout (via text) and I got the supposed job. They sent me the contract through "HR email" but they needed me to sign the contract and send a copy of my drivers license to them. Which I stupidly did so. After I did, i went on LinkedIn to look up the person I was supposedly interviewing through google hangouts and on the header it says, that they dont do any google hangout interview. The whole thing was fishy from the beginning but I was lowkey desperate for a job. What should my next steps be?? TL:DR, Im a dumbass and sent a picture of my drivers license to scammers. [link] [comments]  |
| I am 19 with 50k and know nothing about investing. Help. Posted: 28 Aug 2019 07:23 AM PDT As the title states I am 19 with 50k and have zero debt. I currently live with my parents and plan to do so for the next couple years. After moving out I would ideally like to purchase a house. My anticipated graduation is this fall with an AAS in HVAC and will begin working in January of 2020. What would you do if you were in my situation? Should I get a financial planner or do it solo? How do I get started learning about finances and investing? What would your game plan be to become financially free ASAP? Thanks for reading, any advice is highly appreciated :) [link] [comments]  |
| I’m 30 years old and I make $30K a year. Is this ok or will I be screwed in the future? Posted: 28 Aug 2019 04:52 PM PDT I'll start by saying that I like my job. It's challenging without being too stressful, it doesn't require after-work emails or weekend work, and I get all the benefits (health, dental, vision, 401K). There's room to move up and I receive regular raises. So in a couple of years I'll probably be making $40K or more. But I can't help but feel behind financially compared to a lot of people I know who are my age and make a lot more money. I know, I know, I should not compare myself to others, but it's hard not to sometimes. A more real issue would be my future and retirement. I'm never hurting for money right now and I manage to save money quite easily. But I'm unmarried, have no kids, and just live in a studio apartment. Will I be able to afford a house one day? Can I have a comfortable retirement? Basically, am I on an ok track as-is, or do I need to go back to school and get into a career where I make more money? [link] [comments]  |
| Posted: 28 Aug 2019 08:02 AM PDT They're just creating extra paperwork and steps while not actually restricting anyone from contributing to a Roth IRA based on income. Are there other differences I'm not aware of? Or is this just an example of government bureaucracy inflicting needless work on people? EDIT: what's the rationale behind preventing high income earners from contributing to Roth IRAs? I'd understand (somewhat) if they were trying to shelter millions of dollars from taxes on the gains, but why not keep the $6,000 annual cap and remove the income limit altogether? What's the reasoning? [link] [comments]  |
| Having "the conversation" with aging parents Posted: 28 Aug 2019 09:46 AM PDT Context; I make really good money and I'm not sweating the inheritance side of things. My SOs parents are in their mid 70s and dad's health is quickly deteriorating. Last year he was taken for $2,500 in an email scam. They've upgraded their house to a bigger house 4 times in the last 5 years so I assume their finances are solid. Has anyone had the conversation with parents about succession planning, wills, power of attorney, etc? Tips and advice appreciated? [link] [comments]  |
| I’m really struggling to live each month with the amount I’m making Posted: 28 Aug 2019 06:31 AM PDT So I have an amazing job. An absolutely incredible job that is honestly my dream, and I'm so fortunate to have said job. I started here in April and have loved it ever since. We're a freelance based media company so salaries and things are a little different compared to big corporations. I'm in the UK and I'm currently being paid NMW (national minimum wage) of £6.15 an hour. I'm 19 and still live at home, though I still have a lot of things coming out every month. I have to pay £100 in rent (which my parents are apparently going to put up soon), £200 a month for driving lessons (this is the main problem honestly), £60 for my phone, £85 for travel, £30 the gym, around £70/80 for food and then a lot of miscellaneous other things such as toiletries and work related things. I never really have money to spend on myself and buy things that I like, which isn't that much of a problem, but it's just stressful for me that every single month, I basically run out of money and have to ask my dad for it. I get paid around £650 per month. So adding up all the expenses without the miscellaneous things on top comes out to around £550. However this month, I need to pay £50 in debt because I missed an old phone bill payment and my ex has asked me for £70 since she got a debt letter about our old internet provider, meaning that I'll be spending £130 on that alone. I also have a tattoo appointment that I booked 2 months ago (not realizing I'd be single and have a debt letter) which is £105, the £70 deposit is non refundable, so I just don't know what to do. Every month is so stressful and I just feel like constantly crying. All of my friends parents help them out with everything but mine don't do anything. They're amazing people but they don't budge when it comes to money. I just don't know what to do. Every month I'm either living on the breadline or just plain and simple running out of money. My boss hasn't been in for 2 weeks but I think he's back on Monday so I'm going to ask for a payrise then. How much do I ask for though? I think £7.50 p/h would be enough for me to not have to worry every month and maybe even have some money left over to treat myself with/save. I have really bad anxiety so I'm extremely nervous about asking him, even though we have a good relationship. [link] [comments]  |
| I quit a well-paying job last December and have yet to be financially stable again. Posted: 28 Aug 2019 04:07 PM PDT Last December I was working at a family owned restaurant as an assistant manager. I worked 50 hours a week on salary making roughly $560 a week, I believe. But the owners began mistreating their employees so I left as did many others. Afterwards I got a seasonal job where they paid $15 an hour which I didn't mind. It was close to what I was making before, but once season ended the pay dropped down to $11/hr with raises coming once a year ranging from 10 to 50 cents. I recieved 12 cents. Unfortunately at $11/hr I can barely afford rent and food each month and I can't move until February. I need a new job, but I'm without a car so my options are limited. There are a lot of places near me, but I'm unsure if any will pay what I need or even have the hours available. Where I work now wants to promote me, but I don't want to do so much extra work/assessments for maybe a single dollar raise. And supposedly the raise may even be less than a dollar. To me that doesn't feel worth it and I doubt it will help me in any significant way so as much as I like my coworkers, I feel it's time to move on. I don't quite know what my overall point was typing any of this out. I've just been financially stressed all year and I needed to get it all out. I'm hoping I can bounce back soon. I've had to put my career goals on hold because I simply can't afford it. I have some potential places to look into working so there's that at least. I'll keep looking. Perhaps I could look into a temporary second job. [link] [comments]  |
| At what point is lifestyle flexibility more important than money? Posted: 28 Aug 2019 04:29 PM PDT I have had a remote job for 2 ish years. Just recently got a 10% bump in salary. Benefits are decent - not stellar but good. I love the people I work with, and I love to be able to travel and work from anywhere. Now comes the dilemma: I was recently offered a position with a 13k base bump, and a bonus structure of 15% quarterly for a total of 22k difference in salary. It's a pretty amazing offer! Maybe it's an obvious answer to break the 6 figures barrier and take it. But at what point is my remote life not worth giving up? I know different people will feel differently, just curious about perspective. [link] [comments]  |
| Can I reasonably afford a house without being house poor? Posted: 28 Aug 2019 02:50 PM PDT Hi All, I'm looking for some general feedback on my budget situation and if I can afford a house. I've been renting for 3+ years and I will have to give 60 day notice in early October so I'm thinking about making a move.I am open to buying but I want some feedback before I even reach out to any mortgage companies to get qualified. Here's the issue - I'm living in Denver, and anything I'm comfortable with starts at about 300k. The general rule of down payment x 3x salary doesn't seem to be a good indicator here. I can qualify for an FHA loan. I've talked with a few friends and if I buy a 2br house or town-home I would like to rent a bedroom out for a few hundred extra dollars a month. Age:25 Here's my financial situation:
I don't really eat out or drink, make the majority of my meals at home, and generally live frugally. I have no credit card debt as it's paid off every month. Student loans are paid off as well. Assets:
Realistically, how much house can I afford keeping this in mind? Should I put less down and preserve my savings? Non negotiable: has to have a garage, I do all my own work and a townhome or condo complex without a garage won't allow this. Also, winter. Not selling the truck or motorcycle either, I know I'm considered dumb here for buying a new car, but they're my passion and mileage reimbursement from work typically pays more than the minimum truck payment. (not included in budget as this fluctuates). Also full disclosure before someone searches my post history... About a year ago I asked if I should buy the truck and was told no - I am beyond happy with it and it has come in handy multiple times a week with work. I hope to have it paid off by EOY. Thanks for reading, your advice is much appreciated! [link] [comments]  |
| Do not let a sudden windfall burn a hole in your pocket. Posted: 28 Aug 2019 03:49 PM PDT Just wanted to offer a friendly reminder to not let some new money burn a hole in your pocket. An unfortunate death in my wife's family brought us a fair sum and sure, we LOVE St. Tropez France but a bolstered emergency fund & retirement is even better. Other members of the extended family had already spent their share via promissory notes BEFORE THEY EVEN HAD THE MONEY IN HAND. Sure take a little bit and have some fun with what you enjoy - but be smart! The future will be brighter because of the decisions you make today. Also, thanks PF for helping us be smart <3. [link] [comments]  |
| Dutch Immigrant in the USA, diagnosed with stage 4 cancer, what finance options do I have? Posted: 28 Aug 2019 10:41 AM PDT Me, 33M (birthday today actually), unemployed every since I arrived here about 7 years ago due to other health issues. Am permanent lawful resident and everything. Wife F32, Third grade teacher. Daughter 18 months old. Couple months got diagnosed, yesterday started my first chemo. I don't know USA laws/programs and all that but I've already benefited from some stuff like hospital charity, and currently looking into other non-profit organizations that couple help out financially, but it's tough to get applied for them. For example, i'm not sure about disability but I think I don't qualify since I haven't worked in the USA yet. Are there other ways to help with income problems caused by medical bills? I have health care marketplace insurance, with like a 14k deductible/out of pocket pay. Not sure if that will change upcoming year or I can apply for anything else that would help. Thanks for any advice you could give. [link] [comments]  |
| Posted: 28 Aug 2019 09:04 AM PDT I work at a university as a "Study Coordinator." Based on my current role, I will be paid from $50,000 to $55,000 tops. This other position I applied for in a different department is $55,000 to $60,000. Same exact role, just in a different department. I was asked to come in for an interview but the hiring manager has not been informed I have a job on campus. I have been in my current role for less than 1 month. This request is for a job I initially wanted due to my 4 years of experience, the pay, and the potential of earning more money. I was paid $51500 at my last job, took a $1500 pay cut for $50000. I'm doing way more work than my last job for less money. Being paid $55 would be a big step in the right direction. TL;DR - Should I accept this interview request? [link] [comments]  |
| I fell for an address change scam. What can be done? Posted: 28 Aug 2019 01:53 PM PDT I moved from Washington State to Colorado 20 days ago. On Sunday, I was preparing myself for my graveyard shift on Monday, so I was trying stay up till 6 am. Around 4 am, I decided to do something constructive, like change my mailing address. I've done this every time I've moved and the USPS site is great, only charges you a dollar. So I Googled usps address change, filled out the form and submitted. About 5 seconds later I realized this wasn't an official USPS site. I was on a website called rapidaddresschange.com and they never told me how much they were charging for their "service". Quickly got on my bank site and saw a $30 pending charge for what should have been a $1 at the correct website. Used the chat feature to ask my bank to stop the pending transaction. They basically told me since I authorized the payment there's nothing they can do. They told me to take it up with rapidaddresschange.com but warned it was probably a lost cause. I emailed the website, told them not to complete the order that was pending and to refund me. Than I went to the Real USPS site and properly changed my address. The thinking was if I completed the task before the scam website they they can't change me for a service that is already done. I realize now that it's probably all automated. 48 hours later I get a response back from rapidaddresschange.com customer service. They tell me the service has already completed and they don't do refunds. Instead of sending an angry email back I came here and wrote this. So can I do anything about this ? or do I have to eat this charge. I really need to save every dollar at this point because my current job cannot support me long term. It merely stops a hemorrhaging of money while I look for a better job. [link] [comments]  |
| Making $52,000 per year but after taxes and benefits I take home $33,000. Is this right? Posted: 27 Aug 2019 09:46 PM PDT For background, I am unmarried, have no dependents, and live in California. As the title states I make $52,000 before tax and take home $33,000 after taxes and benefits. I am 23. I have full benefits but feel I am overpaying for them. After tax I take home $38,500 and after benefits I take home $32,400. This is my first job out of college. Are these figures accurate? [link] [comments]  |
| Money buys the best thing of all... peace of mind. Posted: 28 Aug 2019 12:38 PM PDT I grew up on welfare, food stamps, section 8, government cheese, and all of that fun stuff. Even getting a into my teenage years we were never comfortable. We were only one emergency away from catastrophe. I realized I didn't want to live that way. After many failures, I finally got to a place in life where I don't have to worry about much at all. I'm NOT rich by any means... but I have enough savings to pay the bills for a year+ if something happens. I max out my 401K and IRA. I have insurance on the house, cars, life, rental property, and anything else that could be catastrophic. There is nothing really foreseeable that would be devastating. I can afford a roof if it were to suddenly collapse, I could afford any car repair that wasn't covered under warranty, I could fly across the country in a moments notice if a family member were hurt or passed away. I sometimes marvel that I am comfortable and don't really have to worry about money. I know there are always crazy things that can happen and derail everything... but as a whole, I feel comfortable and I never have to eat that nasty government cheese ever again! [link] [comments]  |
| Posted: 28 Aug 2019 07:15 PM PDT Hey.... uh, don't really know where to start. I guess some background. Growing up I've been told that credit cards and loans are incredibly dangerous so I've always been inclined to stay far away from them. In high school I opened up my own personal savings account and in college I opened a checkings account and that's basically been it as far as finances go. I'm closing up my final year as a senior now and I decided that I should at least have some form of credit going forward so I applied for a really basic student credit. Everything was going well until I was denied the credit card on the grounds of a "charge-off" and upon further inquiry it appears that I have an account with a substantial amount of balance that has not been paid off. I decided to follow up on this and use credit karma to see if what was being reported is true, and low and behold, my social has been used to open up several credit card lines since high school, most of which have been closed or cancelled. I really don't know how to move forward in this scenario and would really appreciate any help in getting this under control. I cannot stress enough though that I have had absolutely no credit or loan history, in fact, applying and getting denied for this student card was the first thing I've ever tried to do to start off my credit score. [link] [comments]  |
| Freelance Filmmaker about $25K in credit card debt. Posted: 28 Aug 2019 01:57 PM PDT TLDR; making a documentary, run out of money, destroyed myself in debt. Feel defeated. For the past 4 years I've been directing my first feature documentary while freelancing as a editor/cinematographer. Normally, my day rate meets my means, and I can live comfortably. I make around 60-70k a year and can expense most of my purchases come tax season. My clients are usually 1099 but some W2 work offsets my taxes and I either pay little or do get a solid return. Unfortunately, since the beginning of this documentary, I was told by producers that hopped on board (pro-bono, but very successful and great producers nonetheless) that we would be able to sell or distribute the doc and recoup our investment. This enthusiasm and guidance persuaded me to go for broke and make it. Now we are still in post-production and all the credit card debt has gotten over my head and I need help getting out. I could get a fulltime job but most freelancers (in my experience) despite their resumes, are a turn off for full time video work because they arent seen as someone who will stick around. Still trying despite this. I try to barback, bartend, odd job on the weekends but that still is barely meeting my monthly needs. If I have another slow month, (again) I will be bankrupt, and not be able to pay rent, food, etc. The last option, unfortunately, is selling equipment, however if I do, I lose a lot of the ability to make money. My credit cards are with Chase (3 totaling $13k) Citi (2 totaling approx $5k) and then I have a lease to own on a camera which is in its final year with approx $550 a month totaling $7K The stress and anxiety has taken a serious toll. I had to stop seeing a therapist over a month ago, and the impact of all this has put me at the end of my rope. location: NYC rent: $750 food: $300 utilities: $80-120 insurance/subsciptions: $270+/month (google drive, netflix, planetfitness, tmobile, oscar, nationwide, IRS tax payment plan, student loans, +more) Thanks edit: (insurance/subs) [link] [comments]  |
| 27, 20k in debt no degree, chronically unemployed, & no idea how to be financial independent Posted: 28 Aug 2019 02:41 PM PDT Basically this has been my life since I graduated in 2011. Spent 3 years either chronically unemployed or working general labor temp jobs. Enrolled in community college in 2014 and spent most of my time in remedial math classes, and withdrawing and failing a couple putting me in academic probation; I dropped out after that in 2016. Spent most of my time again trying to "find myself" never did and ended up being unemployed again or working more general labor jobs. Enrolled in this program in 2018 to help low-come individuals find jobs in IT Support and get Comptia A+. I had no IT or customer service experience so I felt like I really didn't belong there. Managed to pass all the classes but never got A+ certificate or job offer like most of my classmates. Enrolled back into CC in 2019 started a bunch of more random classes and here I am today. I have 53 credits from school with only 27 able to apply to a transfer degree. I am in an IT Security Support Specialist associate program but haven't taken core credits yet. I was previously in software development program but failed two of my classes and switched again. I have a pt seasonal job in amazon that starts a couple of days from now so that'll give me some money. And I'm able to live at home for as long as I want so that's good I suppose. I'm tired of having no direction and being chronically poor. I want a career in something that will get my stable income and not working in general labor. I always wanted a Bachelors but impossible when I have no idea what interests, what I'm good at or what I like and people say associates are useless so really no idea. So that's my background. I'm going to be 30 soon and have no savings, no health or car insurance, no employment history, no degree, 401k or other adult stuff I have no idea about. I need help badly if I do go back to school evening classes start in a couple of days. If I don't what do I do in my free time? [link] [comments]  |
| Meriwest CU 3.5% APY up to $5000 then 2% up to $10,000. Yay or nay? Posted: 28 Aug 2019 06:25 PM PDT What do you guys think about this Meriwest Premier Savings account? [link] [comments]  |
| Posted: 28 Aug 2019 06:05 PM PDT I have 10+ years of banking experience with a few years of respectable management achievements. I have been making just over $60k, but still living paycheck to paycheck. Without regional boundaries, what possible avenues could/should I consider for netting a larger salary? Edit:No college degree(dumb as bricks) [link] [comments]  |
| Selling a property in Oregon, buyer wants to pay cash...actual cash. Issues? Posted: 28 Aug 2019 06:03 PM PDT Selling a property in Oregon, have an accepted offer and contract, buyer is asking to amend contract to allow for payment to be in cash, as in actual bills handed over at the transaction. It's ~$300k. I'm wondering a few things:
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