Personal Finance I mde a spreadsheet for people who dont know how to budget! Ver. 2.0 |
- I mde a spreadsheet for people who dont know how to budget! Ver. 2.0
- Bought a house in May and life has hit the fan. Had savings and it’s gone, now I can’t keep up & I’m considering bankruptcy. I want to keep my house & car. What can I do? [TN]
- Recently found out I have been paying for no insurance.
- Whole life for 24 year old?
- 25 year old just opened a Roth IRA Account, looking for general financial advice from here.
- Buying a new home and owner wants to rent back
- Doctors office did a blood test and had a lab error. I had to repay to take it again. Am I eligible for a refund?
- (Texas) Mid-lease the apartment complex I live in has started charging a fee for paying rent online, and won't accept personal checks
- Car just blew up, what now?
- Best place to keep a short-term/5-year fund after the latest Fed rate cut today?
- Paying for points on a mortgage
- Having trouble deciding a bank to go with and how to properly take care of my money.
- Ok, for us poorer folks
- Need advice for dealing with Fred Loya Auto Insurance
- Is it rational to turn a job down due to restrictive holiday/sick (PTO) policy?
- Would it be a good idea to learn a trade and then finish college?
- Landlord ghosted after I paid the security deposit, how can I get my money back?
- How often should I put money in my investment account?
- How Much More Money Does a Master's Degree Get You?
- If inflation is 1.7% and interest on savings is 1.9% it means that interest earned on my savings is .2% return. This isn’t an oversimplification, is it?
- About to have my student loan debt forgiven and have a few questions
- Hail Damage claim - 18 month old Date of Loss
- Trying to collect a refund from wrongfully garnished wages
- When does your direct deposit usually hit with Discover checking account?
| I mde a spreadsheet for people who dont know how to budget! Ver. 2.0 Posted: 30 Oct 2019 07:46 AM PDT Hey guys! I'm back six months later with a new version of the budgeting spreadsheet I made. Earlier this year I posted the spreadsheet I made for myself and it really resonated with people. As I got more and more feedback I found places where I could improve and develop the sheet into something easier to use but still useful. You can find pictures of it HERE A bit of background on me and why I made this- and also why it's made the way it is. I grew up poor and was never taught about HOW to handle money. If we had money it was already needed for other things. Food, Bills, all of the money we had already had a place. This made me get a mentality that if I had money I needed to spend it before something came up and the money would go. It's unhealthy, but it was the only thing I knew until I moved out. I was taught that money would disappear if I didn't use it, so I just USED it. Even now I still feel anxiety about money and can spend recklessly if I'm not careful. Another problem I faced is that I have ADHD, so impulse control can be hard, and it can also be hard to keep track of every purchase and focus on a bunch of aspects of a budget. This spreadsheet is made so you only focus on ONE number. I have made this sheet- and previous versions of it- with three goals in mind:
The sheet is divided into a few different tools. Budget:
Your budget summary at the top is the breakdown of all the information below. YES I know pie charts aren't useful for everything- but that is useful to visually digest information. Look and see where your money is going, see if you spend more than you earn, and finally- see how much money you can spend. This sheet focuses on giving you ONE number to remember. Daily Spendable. If you want to spend money throughout the day you just have to make sure you DONT go over that number and you will always have enough to cover any other expenses. I don't work well with a lot of budgets because I have issues imagining the big picture. By giving myself a daily/weekly/monthly budget I can make sure that on any given day I haven't spent more than I'm allowed to- and if I do i can see where I'm borrowing from or where that money is supposed to come from. There are a few extra features too- a large purchase calculator that lets you figure how long youd have to save to buy a larger purchase. It includes a monthly tracker that lets you see what youre spending realistically vs what you've budgeted for and finally a daily tracker for further breakdown. Finally ) LINK TWOYall I'm home and kinf of drunk but like, later or tomorrow I'll respond! [link] [comments]  | ||||||||||||||||||||||||||||||
| Posted: 30 Oct 2019 05:23 AM PDT Need advice on the above. My credit is already trash bc I can't keep up. I bought a house in May and had about $5K put back in savings, but then both my kids ended up in the hospital and one needed behavioral therapy before starting school, now I'm slammed with medical bills and my car payment is overwhelming. Plus I've gotten sick several times over the last few months (more than I have consecutively in my life) which of course, costs money even with insurance. I have no second income as I'm a single mom. I'm considering bankruptcy but I don't want to lose my house bc my kid goes to school in this area and I don't have any family close by. I can't lose my car because I need a way to get to work. What are my options? Edit: thanks for the advice and support, however, I have to go to work now. I will come back to reply as much as I can but I'm limited during working hours. E2: holy wowza this blew up. I managed to call my mortgage lender & talked to them about it. I'm going to call back when I have more time to talk bc today I just didn't have time to put work down & make a call and had an appointment on my lunch, but they're aware of my situation and are willing to work with me. I'm overwhelmed at the responses & thankful most of you have been gentle/graceful. Sadly, there are SO MANY responses that I'm overwhelmed at reading & replying all of them and I have ten mins left in my shift... I'm going to reconsider my car for certain. It's definitely a heavy burden. Thanks again :) [link] [comments]  | ||||||||||||||||||||||||||||||
| Recently found out I have been paying for no insurance. Posted: 30 Oct 2019 11:42 AM PDT I have a weird situation where my company had to work through an employment group to get better vision, dental and medical insurance rates. We left that company but enrolled in COBRA insurance. That company switched over the insurance accounts to another company. So I have been paying them ever since for my insurance. Which totals to about $700 a month. The company I work for pays for parts of if I was told it was a great plan, etc. I have contacted the insurance company as my vision insurance expires soon and the eye exam office told me that I was not on file. I check the insurance website I had not been covered since 2 years ago. Medical and Dental. I haven't been to the doctor all year. This raises many questions. I contact the Cobra insurance of the new company that now takes care of all that. They say they have been trying to get me reinstated and been sending documents all month. Can I get reimbursed for the lack of insurance? [link] [comments]  | ||||||||||||||||||||||||||||||
| Posted: 30 Oct 2019 04:17 PM PDT Old friend turned financial advisor and caught up with him over lunch. He was pushing me on a whole life policy to mitigate my risk and for the opportunity for cheap premiums when I'm older which theoretically sounds like a decent idea and roughly quoted me $60/month. Thoughts? Is this a total scam? [link] [comments]  | ||||||||||||||||||||||||||||||
| 25 year old just opened a Roth IRA Account, looking for general financial advice from here. Posted: 30 Oct 2019 12:26 PM PDT I just recently opened a Vanguard account for a Roth IRA and maxed a deposit of $6000 for 2019. I still have no idea how to use or work with Roth IRAs but I do want to get ahead in my long-term retirement and it seems that is the best option right now. I presently have a small student debt that I'm gradually paying on time through an education award from AmeriCorps and presently have savings of about $5k as an emergency fund. I also pay into my current job's 401k plan. I currently take home roughly $2,700 a month and my expenses are roughly $900 for housing, utilities, and internet. I traditionally try to put in about $900 a month into my savings account and use the rest for various expenses such as food, travel, and ect. Ideally, I want to purchase a house one day in my 30s but definitely carry the cautious approach. Let me know if you have any financial advice and thanks! [link] [comments]  | ||||||||||||||||||||||||||||||
| Buying a new home and owner wants to rent back Posted: 30 Oct 2019 04:33 AM PDT Hi all, I recently put an offer to buy a 3B3B townhouse, and the seller reply back that they wanted to rent-back the whole house for 365 days. I would like to see what things should I consider if I want to proceed. I'm single and currently renting, and I'm okay continue renting for another year. Questions:
Any suggestion is appreciated, thank you! [link] [comments]  | ||||||||||||||||||||||||||||||
| Posted: 30 Oct 2019 07:26 AM PDT So I did a standard blood test a month ago and it came back with very high liver results that were very far out of normal range. Doctor asked me to come back again and retake the blood test as he thought it was lab error. The second time it came back clean with no issues. Am I eligible for a refund for the first one? I'm a bit confused because neither time did I pay the doctor, I only paid the $135 CoPay each time(paid at the doctors office). Should I try to get a refund through Aetna or the doctor? Or not at all? [link] [comments]  | ||||||||||||||||||||||||||||||
| Posted: 30 Oct 2019 08:19 AM PDT My lease says that personal checks must be accepted and that a fee won't be charged. Is the only way to remedy something like this to go to small claims court, which is ridiculous due to the amount ($3)? Do I just have to accept that I have no reasonable recourse here? edit - as of about an hour and a half after i made the post, the landlord sent out an email to all tenants saying they'd waive the fee. i wasn't the only one complaining. [link] [comments]  | ||||||||||||||||||||||||||||||
| Posted: 30 Oct 2019 06:52 PM PDT So my 20 year old car finally died, but I don't have the cash on hand to buy a new one. I'm 23, I just started a new job where I make 36k a year, but I was unemployed for several month, so my emergency fund is a joke. I have student loans, but a 750+ credit score. I'm thinking about getting a small personal loan to cover the cost of a new car, titling it, and giving me a cushion to fall on in the case of some other bad news. Is there anything else I can do? Thanks for the help! [link] [comments]  | ||||||||||||||||||||||||||||||
| Best place to keep a short-term/5-year fund after the latest Fed rate cut today? Posted: 30 Oct 2019 07:45 PM PDT Currently, I have been keeping my money in a few different places: 10 year fund - Roth IRA, 401k 5-10 year fund - taxable brokerage accounts (Vanguard for ETFs/index funds, Robinhood for individual stocks) 5 year fund - Wealthfront HYSA earning 2.07% With the latest Fed rate cut today, I am expecting Wealthfront's cash management account rate to go down to 1.82% in the next few days. With inflation at 1.7% that would still give a (barely) positive real return for the time being. The money in the Wealthfront account is low-risk money that I plan for a down-payment on a house in several years, and I don't really want to put it in the market. I am wondering if anyone has any advice or suggestions. Should I look into Series I savings bonds? My understanding is that they are indexed to inflation, but when I look at the rates for those, for TIPS, and for short-term treasuries the rates are all below inflation. I'm willing to have that money lose a little bit of purchasing power in the short-term but don't really want to if I don't need to. [link] [comments]  | ||||||||||||||||||||||||||||||
| Paying for points on a mortgage Posted: 30 Oct 2019 07:11 PM PDT I am in the process of buying my 2nd home, well selling my first and buying a 2nd, not having 2 homes. Wanted some opinions about paying for points. Didn't do this for my first home 6 years ago, rates were crazy low, I didn't have a ton of extra cash(did FHA with 3 percent down) and to be honest I don't recall it being offered to me. Fast forward 6 years, now doing a conventional loan, credit is good not great, and as such was offered a rate of 4.75% with an option to buy down to 4.25% I've done some reading online and most seem to suggest its about the break even point, which for me would be 4 years. We stayed in our first home for 6, and the 2nd home is much bigger and nicer and I don't see us needing an upgrade any time soon, so the only reason(s) I would see us not staying for 4+ years would be something catastrophic like an unforeseen job loss or death(although life insurance would cover the house if that latter happened). I don't see us having to move for a job or anything like that. So yeah I think we will be in this house for more than 4 years. But I also read the average length of a mortgage before being refinanced or paid off through sale is only like 5.5 years(can't vouch for this accuracy). I feel based on this info(the former, not the latter) it would make sense to pay for the points. BUT, I was curious about anything I may be missing, like instead investing that money back into the house to increase the value or just make it nicer to live in or putting it toward the principal or investing it(we don't really invest, short of 401k). While I get the money on the math and break even point, in my research I did see some opinions that said sure, 3k now saves me 21k over the life of the loan, but you can get more enjoyment out of the 3k now(investing it into the home or whatever makes you happy) versus really noticing the 21k spread over 30 years(assuming we stay in the home the length of the mortgage). And I get a personal finance sub will probably hate on that, but figured I would throw it out there just to perhaps see some opinions of it. Lastly here are my numbers:
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| Having trouble deciding a bank to go with and how to properly take care of my money. Posted: 30 Oct 2019 08:07 PM PDT Planning on opening a bank account for a checking and savings account but don't know what to go with, I prefer a bank close to me, Wells Fargo, Citibank or capital one. Had chase, TD, and pnc and didn't like them mainly cause they're not as close and I had problems with them, and I'm also planning on getting a credit card but was wondering do I get one with the bank I go with or somewhere else? Any advice would help, thank you. [link] [comments]  | ||||||||||||||||||||||||||||||
| Posted: 30 Oct 2019 04:49 PM PDT Say I have anywhere from 1000 to 5000 dollars to invest or put away or whatever. I know zip about investing or anything like that. What's the best thing to do? I would love to have passive income coming in from investments but I don't have enough for that. Would I be better off just sticking in a savings account? Also what is a good podcast or YouTube channel for newbs like myself to learn more about 'investing and saving'? [link] [comments]  | ||||||||||||||||||||||||||||||
| Need advice for dealing with Fred Loya Auto Insurance Posted: 30 Oct 2019 04:43 PM PDT I got t-boned by someone in Denver insured by Fred Loya Insurance recently. Loya insurance accepted liability and sent one of their appraisers to inspect my vehicle. I received their estimate a few days later and was surprised at the low bottom line of ~$1700 to replace the passenger side doors on my car that were damaged in the collision. I spoke with someone from Loya and they assured me that they would adjust the number as necessary as the body shop got into the repair. I was instructed to take my car to a shop of my choice. OK. I made an appointment with a nearby shop today. When I arrived and the shop learned that this was a Loya claim, they immediately informed me that they do not deal with Fred Loya Insurance. The reason cited was that Loya always comes in with estimates that are way too low and every time the shop needs to expand the scope of the original Loya estimate, they have to wait for Loya to send out an inspector. The process is apparently too costly and time-consuming to deal with. I asked if they could refer me to another shop that might be willing to deal with Loya Insurance, and I was told that "nobody works with those guys". After a bit of research, I have learned that "Fred Loya Insurance is the worst of the worst insurance companies." It seems likely that I'm about to waste a lot of time calling various shops only to be told the same thing over and over. How am I supposed to get my car fixed? I suppose I could call Loya and ask them to recommend a shop, but I'm afraid they'll send me to a shop that will only do the bare minimum to cover up the damage without actually repairing anything. What do I do when the insurance company says, "Sure, we'll pay." and the shops are all saying, "HAHA no. Not falling for your bullshit anymore, Loya." [link] [comments]  | ||||||||||||||||||||||||||||||
| Is it rational to turn a job down due to restrictive holiday/sick (PTO) policy? Posted: 30 Oct 2019 03:54 PM PDT Hey, My wife received a job offer for a senior role at a creative agency for $106k. The pay is okay, nothing special considering it's NYC, but the holiday/sick day policy is making us decide against this position. Right now it's: For a 6 figure white color job, that seems dreadfully low.. accounting for being sick and random personal days, that'll leave zero days for an actual summer vacation. We feel this is a huge red flag and reflective of a restrictive company culture with no regard for work/life balance. She asked for an additional 3 days, and was turned down. We are coming from Europe and this is frankly shocking .. are we right to turn this down? We've spoken to friends and they all have better PTO benefits. In addition, there is no extra parental leave in addition to what NYS offers, which is 50% salary (based on 65k) for 10 weeks. Would love some feedback on whether this is a "normal" offer or not? We're about to turn it down [link] [comments]  | ||||||||||||||||||||||||||||||
| Would it be a good idea to learn a trade and then finish college? Posted: 30 Oct 2019 04:57 PM PDT I'm 29 and have gone to school on and off since I was 18. I've only attended community college, and while I love learning, finances have always meant that I have had to put my education on the back burner in order to work multiple jobs just to make ends meet. I desperately want to go back to school, but I am currently looking at needing a second job again and don't know how I would fit classes into a schedule with a full time and a part time job. Online classes don't work for me at all. My passion has always been science and my dream is to go into ecology, but that is quite a bit of school I still need. I work a full time job with great benefits but the hourly pay is pretty low and I'm having a difficult time advancing despite my great employee reviews. My question is, would it make sense for me to go ahead and learn a trade and work that while going to school for my true career? I have always been mechanically inclined and love working with my hands so the idea is kind of exciting to me. I would also love to not have the constant stress and worry of being able to eat or pay rent while also having the stress of heavy science courses hanging over me. And there's always the possibility that I fall in love with the work I choose and don't want to leave it. Has anyone done this? If so, what advice would you give? Or is this a stupid idea and I should just keep trudging along and chipping away at my degree? Thank you guys, I'm ready for a better life. [link] [comments]  | ||||||||||||||||||||||||||||||
| Landlord ghosted after I paid the security deposit, how can I get my money back? Posted: 30 Oct 2019 08:19 PM PDT I live in Wisconsin and tried to rent an apartment in Pittsburgh, PA via Craigslist. After completing the application, I paid a $1400 security deposit via credit card / PayPal. My application got approved, but before signing the lease I decided not to rent the unit. I let the landlord know, and asked for my deposit back. He responded that he found another tenant and then ghosted without returning my money. PayPal won't allow me to file a dispute because the payment was sent as a "Friends and Family" transaction. I've filed a claim with my Chase credit card, but I'm unsure if they'll honor it. The rental application states that the security deposit is $1400 and the application fee is $0. I know I wasted the guy's time and I honestly would be fine if he just sent me the money back minus a small fee, but the ghosting is a little ridiculous. What can I do to get my deposit back? Is there any way I can put pressure on him without having to file a court claim in a state where I don't live? [link] [comments]  | ||||||||||||||||||||||||||||||
| How often should I put money in my investment account? Posted: 30 Oct 2019 08:14 PM PDT Hi guys, I follow the 50/30/20 rule pretty religiously. I recently started up a small portfolio with acorns. I'd like to periodically add money into it but don't want to touch my cash savings (the 20). I was thinking about putting half of what I have left in my discretionary spending ( the 30)account into my investments at the end of the month each month. However I don't really know the best way to keep finding it. For example if I put about 800 in my discretionary spending account a month and use 400 of it, should I just throw 200 of that into my portfolio? Currently I deposit $10 a week into it (it's so low because I don't know the most responsible number to deposit) Edit: I have made an initial deposit of about 200 [link] [comments]  | ||||||||||||||||||||||||||||||
| How Much More Money Does a Master's Degree Get You? Posted: 30 Oct 2019 02:43 PM PDT I work in the Logistics field and make $70K a year. I am about to finish up My Master's Degree in my specific Logistics related field and was recently told by my boss that it will come with a pay increase and new job title. I know there isn't a set answer on how much more I should expect to make but I don't really have a basis of comparison with anyone I work with. This pay increase and new job title are both negotiable and will occur upon graduation in April. I am also due for my normal 3% annual pay increase in May. Without coming across as ignorant, what is a general rule to ask for with negotiating? An even 10%? Should I ask for $80K knowing they will most likely counter with $75K? Should I just take whatever they offer? Worth mentioning that this degree has cost me a grand total of $0 thanks to Uncle Sam. In reality I will be taking a bit of a pay cut upon completion as I will no longer be collecting my basic housing allowance. In the grand scheme of things, the degree itself has helped me learn a lot more in my field and I feel (apparently so does my boss) as if I can contribute more to the company. [link] [comments]  | ||||||||||||||||||||||||||||||
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| About to have my student loan debt forgiven and have a few questions Posted: 30 Oct 2019 02:34 PM PDT I'm about to have my student loan debt forgiven thanks to my wife and a recent executive order cancelling student loan debt for disabled veterans and have two questions:
Thank you for your time. [link] [comments]  | ||||||||||||||||||||||||||||||
| Hail Damage claim - 18 month old Date of Loss Posted: 30 Oct 2019 06:08 PM PDT [OH, US] We had a significant rain storm over the weekend and we found water dripping from our ceiling above a doorway. Yesterday we had a roofing contractor come out. He told us there were obvious signs of hail and wind damage to our roof. He then said the last major hail storm to come through our area was about 18 months ago in May 2018. Since that hail storm, water has likely been leaking through the roof into the attic and eventually soak through the insulation to where the drywall ceiling got wet and started drip and crack. Because of this, the contractor told me to tell the insurance company the date of loss was May 2018. To me, there was(is) no visible damage to the exterior of roof. No shingles are missing or askew. The attic is not readily accessible, and not somewhere I go more than a few times each year for xmas decorations. The sudden appearance of water coming from the ceiling was the only reason I had to suspect a roof problem. However, my first conversation with the adjuster I was told the roof and interior would be two separate claims- and two deductibles - as the hail damage (2018) occurred before last weekend's rain. Is this something I should be able to dispute with the adjuster? [link] [comments]  | ||||||||||||||||||||||||||||||
| Trying to collect a refund from wrongfully garnished wages Posted: 30 Oct 2019 11:38 AM PDT Long story short, I filed bankruptcy in 2016. Since then I've been on the straight and narrow and properly managing my credit. I'm back in the 680s now. Recently, a lawyer garnished two of my checks in about August of this year. The company was listed in my bankruptcy so they weren't supposed to take anything from me. I called back the company in August. They told me to be patient. I didn't get any traction until I consulted with the lawyer that helped me file back in 2016. I got my first check in September. Apparently my lawyer has known the other lawyer "since he was in diapers." That raised my eyebrow a bit, but it just could be coincidence. Here it is almost November and I haven't received the second check. I tried calling the company directly only to have to leave messages that don't get returned. I just left a message with my lawyer. If retaining the lawyer is too expensive, how else should can I go about this? [link] [comments]  | ||||||||||||||||||||||||||||||
| When does your direct deposit usually hit with Discover checking account? Posted: 30 Oct 2019 06:54 PM PDT Just wondering. My BofA hits between 1:30-3:30am and my CapitalOne doesn't hit til after 6:00am. Was wondering what times you've noticed your direct deposit hitting? [link] [comments]  |
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