Personal Finance Job takes my tips for cash register discrepancies, is that allowed? |
- Job takes my tips for cash register discrepancies, is that allowed?
- Should I borrow money to pay for my girlfriend's dad's hospital bills?
- Citibank ATM swallowed my cash deposit!
- Sister needs a $23,000 loan
- Be careful of HSBC Direct Saving!
- Not doing great at work, just saw an ad for my job posted online. I’m stretched to the brink financially. Please help.
- Supposed to be moving, but boss offered me $20 a hr to stay. Ideas?
- Private college taking aid away after windfall and I'm not sure it's worth it anymore
- Noticed job didn't withhold taxes from last year's paychecks, but I only made $2024.45 last year total. Do I still owe money?
- How to find an advisor
- First time starting a budget with an excel spreadsheet. Should I make separate spreadsheet for my business VS personal expenses?
- Which is safer - physical credit cards or "cardless" services?
- Want access to my financial data
- College student leaving family business
- 401K with former employer was terminated without any notice
- I have a question about Dave Ramsey’s first baby step
- Financial advice for high school students in the USA that do not have legal immigration status?
- Change my mind: Dave Ramsey’s baby steps program is the definitive guide to repaying debt/building wealth
- If employer matches 45% of your 401k, does that mean max you can get matched is 19k?
- Is a ROTH IRA enough?
- Prepping to retire: When to start moving investments into lower-risk savings vehicles?
- Things you wish you knew as a first time home owner?
| Job takes my tips for cash register discrepancies, is that allowed? Posted: 04 Jan 2020 06:58 AM PST I work for an unnamed fast food place, we have a little tip jar and after each shift it gets split amongst the employees. I don't think it's like official, but it's there. Whenever we do a register count and put excess money into the safe, if there are discrepancies, the manager takes the difference out of tips (and if it's more than tips, continues to do so over time until it adds back up) and I was just wondering if I should speak up about this because it's illegal or just accept the occasional extra dollar or two and grumble to myself about it. Edit: a few people are mentioning this is the cashier's fault and that's fine, but we dont have a cashier. We're all expected to run cash register, food preparation, taking and handling orders as needed, so on a shift with 3-5 people you can never attribute money missing to anyone in particular. [link] [comments]  |
| Should I borrow money to pay for my girlfriend's dad's hospital bills? Posted: 04 Jan 2020 06:31 PM PST I'm broke right now. Struggling to even afford my own rent and food. My employment is unstable and I'm not earning much. To make matters worse: my girlfriend's dad was recently hospitalized and has some huge hospital bills to pay. I visited him and he was crying in front of all of us about how poor he is and how he can't afford the hospital bill. The bill is huuuuge. I'm talking over $10k. More money than I've ever had in my life. My girlfriend is putting a lot of pressure on me to borrow money off my friends to pay for this bill. She says all her family and friends are poor, but my friends are pretty well off. She says that she'll help pay off the debt, but even though I trust she has good intentions, she's going to struggle to pay this debt working as a waitress. I hate asking my friends for money. I feel like a useless piece of trash everytime I do it. But if I don't, then I don't know where else they will get the money from. I'm under a lot of pressure here. What should I do? [link] [comments]  |
| Citibank ATM swallowed my cash deposit! Posted: 04 Jan 2020 04:16 AM PST I did a cash deposit on one of the Citibanks ATMs. I have done it many times in the past and there was never a problem. However, my most recent deposit didn't go well. The machine took the money and gave me a receipt saying there was a technical problem and they can't give me my cash. So I called the number on the receipt and the customer rep filed a claim and issued me the credit. I went on the app on my phone to check and found out he gave me $30 short. Then I made another call, spoke with another rep and that lady issued me the $30 on my account. That transaction was $580 in total. A few days later I received a letter saying they issued me the $30 credit to me permanently. I thought everything was good until last night I saw they took away the $550 credit. They send me a letter to my account saying after their investigation they didn't see any cash deposit. What do I do? How come they are able to verify the $30 but they don't see the other $550? I did everything in one transaction. They don't see the extra amount of money in the ATM at the end of the day? I think who ever was doing the investigation is just lazy, not doing his/her job but me as a customer have to take the hit! I'm so frustrated! [link] [comments]  |
| Posted: 04 Jan 2020 09:00 AM PST My family has a history of making poor financial decisions. This has trickled down to my sister not learning good financial strategies. She bought a 2018 car, with all the bells and whistles, that costs her ~$435/month for 60+ months. My sister does not even make $1,000/month, so you can see how that is terrible for her while in school. She recently missed a payment and had her car repossessed. The bank wants her to buy the car in full for $23,000, and they will not accept a catch-up payment. To ensure she does not get stuck with the loan an no car, my family got approved for a home equity loan. However, the home-equity loan takes thirty days to process, and the car is going to auction on January 13th. To ensure she does not lose the car, my family wants me to take out a $23,000 personal loan. They will pay me back with the home-equity loan. I am on the edge of telling my family that I cannot do this because my sister already failed out of college with student loans that I co-signed for. I am afraid that something will happen, and I will be stuck with a $23,000 personal loan that I cannot pay for. So, what would you suggest I should do for my sister, my family, and for myself? Any advice for myself or my sister is deeply appreciated! EDIT I appreciate the advice from everybody! I have decided not to go through with the loan, and I want to get a plan to present to my family, so we can do what is best for all parties. EDIT #2 The consensus is overwhelming, and I agree with everybody here. This is going to be some tough love, and I know this will hurt my relationship with my family. However, the right thing to do is get my sister on the right financial path, and, if I am lucky, I can help my family get on the right path too. I will be freezing my credit, so you may all put your minds at ease. Thank you to everybody who has given advice and some tough love! [link] [comments]  |
| Be careful of HSBC Direct Saving! Posted: 04 Jan 2020 07:37 AM PST I opened an account with them then I transferred all my savings to their 'Online' Saving Account (HSBC Direct Saving). Later, they suspended my account because I tried to transfer some of my savings to another bank (Ally). Now, they want me to drive to the nearest branch to verify my identity, and the nearest branch is 5 hours away. 10 hours in total. Currently, my account is locked and can't be closed. Edit: I opened an online saving account, NOT a traditional savings account. Online banks like Ally doesn't have any branches. This is why it sounds odd and ridiculous for requiring me to drive 5hrs to the nearest HSBC branch to verify my identity after I deposited all my savings. My account has been suspended for a couple of weeks already. [link] [comments]  |
| Posted: 04 Jan 2020 09:04 AM PST I have been working in sales for 8 years now. I started my "dream job" 9 months ago. I love what I do, I love the industry—but I've constantly felt set up to fail. I'm supposed to be in a junior role, getting mentored, and I have been completely on my own. I have brought up the need for mentoring, as it's a specialized industry, but it's still not happening. It's a field sales role. I've been told to stay out of the accounts that buy stuff, I'm relegated to accounts that just spent their budget or accounts with no budget. That's the extent of my mentoring. I have not met my quota yet. It's frustrating because my role is base plus commission, and base alone is not enough to get by on. I kept telling myself to just work harder, put in more hours. I've asked for feedback to improve. I've asked for guidance and help. Every other person in my role, across the US, has worked with their "senior" salesperson until they were comfortable on their own. I have been left almost completely to figure everything out myself. I truly feel like I'm being pushed out. I was casually browsing LinkedIn for roles similar to mine and found a description for my role. It is very specialized, in a particular region and industry, and I am completely confident that was my job. I'm struggling financially as it is. My mortgage is $1550 (high COL area, rents are just as much) and my daycare is about $2,000/month for two kids. I can not afford to take even a week unpaid at this point, I'm stretched so thin—those costs don't even include water and utilities. I have quite a bit of credit card debt. My base salary is only $60k a year, and I only make a few hundred to a few thousand a quarter in commission. I don't even know where to start. I'm mortified. I've worked so hard, and it took so much to get hired in this industry. My confidence is shot. I'm worried employers are going to see a 9 month stint on my resume and I'll get blacklisted. What do I do now? I'm updating my resume right now, I plan on 10-30 applications a day, I'm planning on focusing 110% at my job, maybe work longer hours, I'm going to start listing anything of value to set up an emergency fund. What else can I do? I feel like my life is over. [link] [comments]  |
| Supposed to be moving, but boss offered me $20 a hr to stay. Ideas? Posted: 04 Jan 2020 06:09 AM PST Soo im supposed to be moving to be closer to family here in a few months, & had told my boss a few months ago & he was cool with it. As i got off work yesterday, he pulled me aside to say "i really don't want you to leave, would you consider staying for $20 a hour" & gave me a while to think on it. On a personal level, growing up with no real blood family, finally having one now, it doesn't feel worth it. But seeing as im making $15 right now that's a huge bump. But i was also thinking if he's willing to do that, would it really be that hard to get another good paying job there. But i was mainly tryna get different veiwpoints. [link] [comments]  |
| Private college taking aid away after windfall and I'm not sure it's worth it anymore Posted: 04 Jan 2020 07:37 PM PST Hey personal finance, I recently had a windfall to the tune of $480,000. I'm a college freshman, and luckily for my future, I feel no urge to squander this money. I'm not exactly sure where I will put the money yet, but I know it won't be wasted. Anyway, I attend a private college that is giving me grant money. With this money, the school is still 2.5x what an in-state public is, but for the industry I want to go into, I think it was the right choice. The problem now is that I have this windfall, I expect the cost will go up to 3.75x, and I am on my own to pay for it. I have to pay for this semester, $21,500, but what to do for the three years after this semester is a decision I have to make. Would it be crazy if I spent ~$193,000 after this semester instead of transferring to a public and paying ~$65,000? I really like the school I am at and like the opportunities it gives me, but I can't help but feel like $390,000 in investments is a whole lot better than $265,000. [link] [comments]  |
| Posted: 04 Jan 2020 05:19 AM PST Sorry to bother y'all, but I'm young and my dumbass needs some help. I worked for a small business last year, and my mom told me to make sure that they were withholding taxes from my paycheck, and they were not. She freaked out and said I'd owe all this money come tax time, but I only made $2024.45, so it didn't make sense that I'd owe much money at all, then I looked and it says I don't even have to file. So I know I don't have to file taxes, but does that mean that my amount withheld from each check should've been $0? Are they different things? Let me know if you need more info to answer my question, because I do not understand this shit at all, and my mom's freaking out way too much on my behalf and I'd like to tell her to calm her tits in an educated fashion, but if she's right then I'd like to start saving now so I don't get drowned come April. Thank you! [link] [comments]  |
| Posted: 04 Jan 2020 06:01 PM PST I would like to start investing some money but I would like guidance on what my best options are based off how much I have to invest, time frame, expected return, risk, etc. and for someone to handle changes and additional investments in the long term. How do you go about finding a good financial advisor? What should I be looking for in an advisor? What are red flags to watch out for? Locally I dont have any friends using any advisors so I dont have any recommendations to start with. Thanks! [link] [comments]  |
| Posted: 04 Jan 2020 07:05 PM PST Hello. I am starting a budget for the first time. I will be using "the frugal genes" spreadsheet. It was my first year (2019-2020) in business cleaning windows + pressure washing I grossed 53k, net 35k. Please see what i have so far here: https://imgur.com/a/4Slgnxr I have a personal checking, saving, and personal credit card. I also have all the same for my business. How should i budget for the two? Id just like to really know where all my money is going so i can know at the end of the year i made X money this month, spent X money this month on business, and X money this month on personal on these things... hopefully buy a house within the next couple years and not go dead broke and still save Im kind of confused right now. [link] [comments]  |
| Which is safer - physical credit cards or "cardless" services? Posted: 04 Jan 2020 03:49 PM PST Like everyone, my credit card information is occasionally stolen or hacked. I am far from paranoid about it, but I have done what I can to prevent it because it is inconvenient for a couple of days while waiting for a replacement card if I don't use one for a different account while waiting. I know there is a big difference between theft of my info from a skimmer device and a hack. But, I am curious whether using a service like Google Pay or Apple Pay is safer than using a physical card. [link] [comments]  |
| Want access to my financial data Posted: 04 Jan 2020 08:25 PM PST I've gotten pretty into my personal finance after getting that first job after college and I've tried a bunch of apps and none really do exactly what I want. I want to build a custom dashboard with all the visualizations that I want to see + the ability to do some cool forecasting / scenario analysis. First step is getting access to my financial data from multiple different banks, credit card companies, investment accounts and I'm struggling to find a way to get anything besides just transaction data. Ideally I want to get daily account balances for all of my various accounts, does anyone know a way to get this data preferably in an automated way??? Appreciate the help/advice or any other possible solutions that have worked for y'all [link] [comments]  |
| College student leaving family business Posted: 04 Jan 2020 08:09 PM PST Hey all, I'm an out-of-state college student who needs to cut financial and business ties with my dad, who has previously paid for my college and living expenses. I need some advice about how to extract myself from the family real estate business and how to live until I can earn enough. About 4 years ago, as a high schooler, I joined our real estate business. This entailed my father putting some properties and cash in my name. It was meant to be an investment strategy to help me pay for college, build credit, and eventually be my inheritance. However, I didn't have direct access to this money and was told it had "strings attached." Basically, I could use it for approved expenses as long as I was in good favor with my parents. I'm not sure what my legal options are regarding this money, but I morally feel like it's not mine, since I only did minor things to help the business. For years, my dad has used this financial support as a leverage device for me to be an "obedient son," even when that entailed issues outside the scope of the business, such as what classes I was taking and where I was planning to work. This has put an enormous emotional strain on me, so a few months ago, I emailed them that I wanted to end my involvement in the business. I told them that they could choose to either support me unconditionally or keep their money. They took this as disrespect. Over the holidays when I was visiting them, things came to a head when my dad blew up at me over something small and kicked me out of the house, telling me to leave my credit card behind. I have decided to interpret this as them choosing to not support my college expenses any longer. There are several relevant assets available to me. There are the "strings-attached" business assets under my name described above, which I will need to transfer to my dad. There is money given to my parents by my grandfather for my college tuition, which I hope they will give me but which I can't count on. Additionally, I have a personal account with about $12k I saved up. I also have an investment account with another $12k that my parents do not have access to, but it might be difficult to withdraw. So in total, I have $24k owned, maybe more if my family cooperates concerning my grandfather's money. Thankfully, this is enough for me to afford my tuition (which is $17k due this week) and should be enough to cover housing and living expenses for the rest of the semester, if I cut down on costs. Additionally, I have an internship lined up for the summer that includes housing, which is a load off my mind. I have questions in three areas: housing, the family business, and FAFSA.
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| 401K with former employer was terminated without any notice Posted: 04 Jan 2020 08:06 PM PST I had about $20k in a 401k with a former employer that I left in October of 2019. I had been meaning to roll it over to my IRA but neglected to. I requested the forms to process the rollover, but never filled them out/submitted them. My intention was to roll it over sometime in the new year. I took a look at my account today; my balance was $0 due to a "termination claim" that I never requested. It's the weekend, so there isn't anybody I can contact. I was under the impression I could leave the money in the 401K pretty much indefinitely as long as the balance was over $5000. I know that's not a lot to go off of, but can anybody shed some light as to what's happening here? It was with TransAmerica. What should I do in this situation? [link] [comments]  |
| I have a question about Dave Ramsey’s first baby step Posted: 04 Jan 2020 04:10 PM PST Is one thousand dollars really enough for a starter emergency fund? I currently have about 17k in CC debt, owe 24k on my vehicle, and have 17k in student loans. However, I still feel like I should have more than one thousand dollars in my savings account while paying these loans. Thoughts? [link] [comments]  |
| Financial advice for high school students in the USA that do not have legal immigration status? Posted: 04 Jan 2020 08:22 AM PST Hi All, I am a high school mathematics teacher and am going to be teaching a personal finance unit to my seniors. However, I have a good portion of my class (~20%) that do not have a SSN or legal visas. So I want to make sure I also show them finance options that are relevant to them as well. We are going to cover loans and interest. Students will be working through managing some student debt packages, car loans, home loans, credit card debt, quick loan debt, etc. I want them to know how different pay off strategies affect their monthly payments, credit score, and overall payoff amount. Where I could use the most guidance is investment and retirement options for undocumented persons. Does anyone have a resource or know of what types of banks or accounts undocumented students can have access to? We are in MA if that makes any difference. Thanks! [link] [comments]  |
| Posted: 04 Jan 2020 07:36 PM PST I have heard he gets a lot of hate, yet I personally don't see any shortcomings in his plan (except an over emphasis on religion). [link] [comments]  |
| If employer matches 45% of your 401k, does that mean max you can get matched is 19k? Posted: 04 Jan 2020 08:40 AM PST At ultimate software they match 45%. If someone makes 200k there and contributes to their 401k, how much can the employee get their employer to contribute? I'm assuming just the 19k? I understand employer contributions go up to ~57k. [link] [comments]  |
| Posted: 04 Jan 2020 07:34 AM PST While my question is predominantly asking about retirement, I think it's more appropriate to say it's about investing. My current employer does not offer me 401k opportunities. I am currently paying into a state retirement system. I'm 25 and opened my Roth IRA last year and maxed it out and just added another $6000 at the start of this year. I have a 3 way portfolio... I try to keep roughly $4k in my checking and the rest goes into a high-yield 1.7% APY savings account which isn't the best. My question at this point is there anything else I could or should be doing with my money instead of putting the majority into a savings account? I feel like there might be something better that I'm unaware of short of finding a higher-paying job. [link] [comments]  |
| Prepping to retire: When to start moving investments into lower-risk savings vehicles? Posted: 04 Jan 2020 08:45 AM PST Hi. I'm a US citizen who is 20-25 years away from retiring. I have about $400,000 saved so far. Right now it's all in higher-risk, higher-yield index funds at Vanguard because I just want it to grow. At what point in the retirement saving process do you start moving money into lower-risk (but also lower-yield) funds/vehicles? Is there a "best practice," i.e. x years away from retiring start migrating x% of savings into bonds/CDs/low-risk index funds? I'm a freelancer, so these savings (hopefully also with social security!) will be all I have when I'm older. I do plan to retire in Mexico, where the money will go a bit further than in the US. Thank you! [link] [comments]  |
| Things you wish you knew as a first time home owner? Posted: 04 Jan 2020 06:22 AM PST Hi guys! Just looking for some advice/tips in regards to purchasing a home. Is there anything you wish you knew? Anything you would have done differently ? My SO and I have purchased a ~275 year old home in Scotland. It was at the top end of our budget, but we've still got a healthy pool of money left for renovations and repairs. It's in perfectly livable condition, but we'd like to better weather seal it (seal up some unused chimneys and replace two old timber windows) and potentially make some stylistic changes (removing wallpaper + carpets ourselves). [link] [comments]  |
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