Personal Finance Got laid off 3/18. Today the company offered me a new position. I moved to a new state so I can’t take it. Can I still collect UI? |
- Got laid off 3/18. Today the company offered me a new position. I moved to a new state so I can’t take it. Can I still collect UI?
- Introducing: 'The flowchart' as a website walkthrough
- What do high yield savings accounts invest in?
- Unsolicited Debit Card from GoBank
- Position was terminated yesterday, declined a different job within the same company that pays more than 50% less. Is my unemployment safe?
- My job laid me off for 2 weeks without mentioning they would pay me. I filed for unemployment. Now I have both checks. What to do
- Financed a used truck for 26k, AC compressor went out the next day.
- Are HOA fees for a town home worth it over time?
- Applied for 3 Credit cards
- Getting close to retirement with a govt pension and trying to put it all together
- 30 vs 15 mortgage
- Mother is being scammed. What can I do?
- Doing alright financially but feeling trapped
- Pursuing a Bachelor’s degree while having a full-time job at 27?
- Realized I didn't include the schedule k1 (form 1041) in my 2018 tax return from my father's estate. Do I need to final an amended return?
- FICO scores - is there a way to get all 60 of them?
- When refinancing a mortgage, when do they actually pull your credit score?
- Mortgage rates just hit another record low- Should I refinance?
- Higher rent for apartment renewal compared to what a new tenant would pay?
- VOO vs target date fund?
- Save or pay debt aggressively?
- About to spend $3000. Should I get a new credit card?
- I was scammed for $2,140
| Posted: 16 May 2020 12:45 PM PDT I did social media for a restaurant group and was laid off 3/18. Today, my boss called and said they have hostess positions available, but due to PPP things they couldn't guarantee the position would last past June 14. She said some laid off people had declined coming back to the restaurants (indoor dining resumed today) so they could get unemployment instead. I moved out of state last week. Does being offered this job mean I am technically ineligible for unemployment? I don't want to run into issues down the line. [link] [comments]  |
| Introducing: 'The flowchart' as a website walkthrough Posted: 16 May 2020 05:04 PM PDT Hi all! As a /personalfinance enthusiast, I've sent 'The flowchart' to many of my friends who are interested in starting to solidify their personal finances. However, lots of them were overwhelmed by the flowchart experience and all of the options, especially if they were new to the concept of personal finance. So, to make it easier for them I turned the flowchart into a website. www.allocatemymoney.com The content and flow are completely based off of the awesome work from u/atlasvoid and u/beached89 in the past and links directly to The flowchart for anyone who wants to skip directly to the mile-high view. Hopefully this is as useful to y'all as it has been for my circle. I'd love to hear feedback on how it can be even better! Thanks, and enjoy the site :) [link] [comments]  |
| What do high yield savings accounts invest in? Posted: 16 May 2020 11:03 AM PDT I have money in a Marcus HYSA and I was curious as to what they invest my money in to get me 1.30%? I know that they use it to make loans, but that is also what traditional banks do? How do they afford to pay 1.30%? Can I lose any money on my principal? I can't find literature on this online, so if you have any, please point it my way! [link] [comments]  |
| Unsolicited Debit Card from GoBank Posted: 16 May 2020 01:44 PM PDT I received an unsolicited debit card in the mail from GoBank. It is a legit Visa card with a chip and hologram and everything. I had never even heard of this bank before this, but it appears to be a real bank. I'm not sure if this is some kind of aggressive marketing campaign, a scam, or identity theft. The included paperwork is prompting me to activate the card and set up a direct deposit. I called the 800 number from GoBank's website, and one of the main options was "press 2 if you received a debit card in the mail you didn't request" and it asked for the card number, which I gave, and then transferred me to the fraud department. A woman answered, asked for the card number and my name, which I gave her. Then she asked for the last 4 of my SSN and my date of birth to report the fraudulent card. I refused to give them to her and asked if this was a marketing strategy. She just kept asking for the last 4 of my SSN and saying she couldn't help me if I didn't give her that information, so I hung up. I haven't had any unexpected transactions with my own accounts, and I monitor my credit via Credit Karma and there is nothing unexpected there. What do I do from here? [link] [comments]  |
| Posted: 16 May 2020 06:27 PM PDT Yesterday, I was let go from my job in sales/customer service that paid around $66k/year (give or take because I work off of commissions). The auto group controller told me that my job was a "luxury" and that the position no longer exists. They then offered me a position in the office that pays $15/hr, no overtime, and no bonuses. The position they offered me was not even remotely similar to what I had been doing. It wasn't even the same department. I obviously declined their offer because I just can't pay my bills on that. I've been furloughed since March 23rd, so I have been collecting unemployment benefits. Anyway, after I declined, the controller told me that this was a return-to-work offer and that she would be reporting this to the Department of Labor. I told her that this was a completely different position, and I didn't understand how this had any bearing on my unemployment benefits. She didn't answer me, but I'm feeling a little threatened right now. They can't take my benefits away because I declined an offer for a completely different job, right? I just need to pay bills while I look for a new job. Edit: I can't believe this has to be said, but I didn't decline because I don't want to work. I was actually excited to return to work until I realized what was happening. [link] [comments]  |
| Posted: 16 May 2020 02:55 PM PDT The payment I received for my two weeks laid off was $450. This was an average of my hours the past year. This did not include tips which are a major source of my income as a server. The unemployment check was for $2150. I'm not sure where that number came from. I would obviously rather take this than the $450 tipless check from my serving job. Furthermore I am a college student and my college sent out a message saying I was automatically qualified for assistance and not to do anything but make sure my address is correct on my portal. I have not received anything from this yet. Perhaps this is part of the unemplpyment check they sent me? My roommate who works in finance said to keep the money but put it in savings. He said they are so busy and I am such a small fry they wouldn't do anything about it, but to just keep it in savings in case they audit me and want that back since my employer kept paying me (without telling me). I am poor and qualify for state insurance and SNAP benefits. I'm not using that as a moral defense - I just don't want to let this opportunity to start a savings account slip for "doing the right thing" when I actually truly did get less money than normal [link] [comments]  |
| Financed a used truck for 26k, AC compressor went out the next day. Posted: 16 May 2020 01:25 PM PDT I purchased a 2017 Tacoma from a Toyota dealership with 39k miles on it. The next day the AC stopped working. I took it into the dealership today and they said they would need to replace the clutch and compressor, resulting in a $4800 bill. I did not purchase an additional warranty and I feel stuck. Do i have any options? Edit* Thank you for all the feedback, I will reach out to the dealership again tomorrow, and will post a follow up. [link] [comments]  |
| Are HOA fees for a town home worth it over time? Posted: 16 May 2020 06:31 AM PDT Hello Personal Finance community! I want to buy a house in the next year or two, and I am struggling on deciding between a town home and single family home. First, HOAs and CDD fees are very difficult to avoid in my area in general. Almost all homes in any half decent area are in a planned community and come with an HOA. I don't need that much space, and a town home seems like a nice compromise, but the fees are...demoralizing. The older the community, the higher the fees, lots of times more than $300-400 a month. It seems like they lure in new buyers with low fees (100-150), and then severely jack up rates over time. At that point, your monthly payment is just as high if not higher than if you purchased a single family home. To folks who own townhomes, do you feel like these fees are worth it to you? Do you feel like you get them back in the exterior maintenance the community provides? To me it feels like a no. Replacing roofs and painting the exterior don't feel like they're worth that steep a fee that I have no control over. [link] [comments]  |
| Posted: 16 May 2020 08:27 PM PDT Hello, I'm a college student who is trying to improve their credit. I have 0 credit, which is stopping me from getting an apartment without help from a parent. I decided to make the jump and get a credit card so I can start building credit. I applied for 3 credit cards the same day and got approved for all. Here's what I'm concerned about. I found the "Deserve Mastercard, applied for it and was accepted. Well, I found a better student credit card with "Capitol One" applied for it and was accepted. THEN I found an even better student credit card with Discover, so I applied for it and was accepted. I plan on sticking with Discover's credit card due to the incentives. My question is how bad have I hurt my credit with applying for 3 credit cards? If I cancel my "Deserve" and "Capitol One" credit cards when they arrive, will I be fine? Sorry about the length of text. I'm just a little concerned. [link] [comments]  |
| Getting close to retirement with a govt pension and trying to put it all together Posted: 16 May 2020 08:14 PM PDT Okay so I am planning on retiring in 3 years. It's getting close and I trying to get a plan on what to do with my assets once I pull the trigger. I'm a govt employee and I have a very good pension. I'll be making a little over $100k a year with the pension (pre-tax). In addition to that I have about $300k in a 457b that I am doing the 3 year catch up contributions right now. I have my money invested in 90% Vanguard Index Funds and 10% in Bonds. When I retire I can cash out my leave time that will give me about $95k before taxes. My wife has a traditional job in the private sector. She currently has about $350k in a traditional 401k and is maxing her contributions. She's planning on quitting when I retire so we can spend our time traveling. We will both be 50 yrs old when this happens. Additional assets: we have $15k in a small IRA that I put $100 a month into, $20k in a joint saving account and $7k in my wife's HSA. We are making double payments on our mortgage and I should only have $10kish remaining on the note when I hit my retirement date. Both cars are paid off and we don't have any kids. My plan so far:
I guess I am brainstorming here wondering if anyone has any recommendations or advice that I am not thinking of? I'd considering calling a Vanguard Financial Planner and having consultation with them as I get closer. Ideally I'd like to live off my pension check and just use those other accounts as a cushion and to account for inevitable inflation. My pension never gets cost of living increases. Most retirement plans I come across don't take a solid pension into account since those things are so rare now. [link] [comments]  |
| Posted: 16 May 2020 06:10 AM PDT Hello all, I am sure my situation is not particularly unique, just looking for advice. We're house shopping, looking to keep the mortgage around $1200-$1300. Property tax around here is typically $260-$280 monthly With a 15 year loan that puts us around $150,000. With a 30 year, around $250,000. Worth noting, if we choose a 30, we would likely spend ~$175,000 as it seems there are a lot of houses in that range that are suitable, and would be well under our budget of $1200-$1300. If I knew I was staying forever I'd be more comfortable with a 30, but I'm having trouble working out the differences If I need to sell in ~5 years. A 15 seems better, and I'd have more equity, just seeing if I'm missing something. The uncertainty is because I live here for a job. I have no interest in leaving this job, but I'm working on finishing my degree and I'd be interested in apply for other jobs within the company, which could necessitate a move. Also in around 5 years my children will be school-age and my wife will get back to working, which will certainly help our budget. So, if in 5 years time I may need to sell, how can I figure the overall cost difference between the loans? Also worth noting, we are disciplined with controlled spending so saving the difference in monthly price would be a given, and a refinance to a shorter term when my wife returns to work would also be an option. Edit: I guess it's also worth noting we can find a suitable house almost immediately if we settle on a 30 and $160-$180k, but shopping for a cheaper house will take time. We are patient but our landlords are awful and we have a kid due in 3.5 months, factors we are considering. [link] [comments]  |
| Mother is being scammed. What can I do? Posted: 16 May 2020 07:46 PM PDT Throwaway account and sorry for the wall of text. My mother has been getting sweet talked by a guy she met online. A few months ago, she took a trip to another state by herself without telling anyone - which is not like her at all. No bags or anything. She also never travels. When we asked why, she said that she was trying to find a bank to deposit money into (my mother isn't very tech savvy) and she would never do anything like that ever again. From here we told her to stop talking to this guy and began monitoring her emails. My mother began to delete all the correspondence between the two. A while after, a shipping label popped up and we questioned what she was trying to send him? She said she was going to gift him a laptop but we all argued against it and she didn't do it. My sister was recently called and notified that my mother could be involved in a fraud case. Turns out she tried to deposit money into another individuals account but it was denied by the bank as the recipient had no idea who my mother was and why the money was being sent. We then went to her bank account to look at the transactions and a large sum of money was withdrawn (large portion of my mother's retirement money). Turns out she had withdrawn it all in cash and sent it out to a P.O. box in Malaysia using that old shipping label. We've tried to see if the package could be cancelled and returned but chances are slim to none as it was sent and delivered over two weeks ago. (When the lookup was done with the shipping company, there were several packages being sent to this P.O. box. I'm fear that there are more victims). When confronted, my mother said she did not want to tell us as we would not approve and she would have after this is all said and done. She is immensely convinced that she will get her money back in the near future and that she will meet him (she has never seen him in a video chat - only phone calls and text). She's been lying to the whole family about how far this has gone. We don't want to do this but we think that the way to get her to snap out of this is to let her continue on until she realizes that shes getting played though we don't want to let her go through the emotional and financial turmoil. My siblings and I are currently attempting to get added on to her financial accounts to ensure that there are no more transactions without our notification/approval. Also considering the possibility of declaring her legally incompetent to manage her finances. Is there anything else we can do legally? Thanks for all the help. [link] [comments]  |
| Doing alright financially but feeling trapped Posted: 16 May 2020 03:18 PM PDT Hi all, Would be curious to hear anyone's input on this. I'm early/mid-30's living outside one of the most expensive cities in the US (not NY or SF level expensive, but next tier down) and make about $64k gross. I graduated into the bottom of the '08-'09 recession and it took me years to claw my way into a job with a decent salary and benefits. My first full-time job with benefits was at age 27 and I only broke $50k three years ago. I feel extremely fortunate to be where I am now and am very lucky to be in a secure employment situation not impacted by COVID-19. I have tried hard to live below my means and have accumulated an emergency fund, some retirement, etc. I currently live in a small house with 4 roommates and pay about $900/mo. in rent for a room and private bath, which is a steal for the area. Total expenses are about $2100 a month and take home pay is around $3400, so I now have about $1300 that I can sock away in a given month. I've honestly never had it so good, financially speaking. But at the same time, it all feels so fragile - any change seems like it could through my budget out of whack. I know my cheap living situation wouldn't be easy to replace, but I kind of want to move. None of my roommates are terrible, dangerous or mean people, but one in particular has been grating on my nerves (has no concept of noise, bangs and stomps around all day) and it would be really nice to finally have my own space. But it would run 1500-1700 or more to rent a studio or one bedroom in this area, or probably a similar amount (after mortgage and condo fees) to buy a small condo. So making a move would tighten the budget significantly. And I bought a new (used) car under duress last year when my 2010 Corolla died, however, this car has the most uncomfortable seat I've ever encountered (which I unfortunately did not notice on the test drive) and is causing me back pain on any drive longer than 20-30 minutes. I've spent at least $100 on various cushions and towels to try to make it better but nothing's really fixed it. If I were to trade this car in I'd easily lose $3,000 or more in depreciation, and then either have to run down the emergency fund or finance to make up the difference for something better. Basically, I feel like I'm catching myself at the exact moment when lifestyle inflation might start to happen and I'm not sure whether I should go for it or not. It's taken so long to get to to the relatively comfortable position I'm in now and I don't want to throw it away. But I also feel like committing to preserve my current monthly surplus at all costs leaves me trapped. What do you say, Personal Finance contributors of Reddit? Should I just be grateful for where I am and deal with it? Or when is a little lifestyle inflation OK? [link] [comments]  |
| Pursuing a Bachelor’s degree while having a full-time job at 27? Posted: 16 May 2020 06:24 PM PDT Hi, Hope it is okay to post on here. I just wanted to get some opinions about my current situation and my future. I am currently 27. I graduated high school with a high GPA and great test scores. There was one school I really wanted to go to and after not getting accepted, my plan was to finish my AA from a community college and transfer to my dream school. After finishing about 5 semesters in a CC, something happened in my life and I decided to quit school (I had 1 semester left to get my AA degree). I traveled for a year and when I came back, I got a retail job (sales associate) and fell in love with it. After 3 years, I was able to move up and became a Store manager of a well-known clothing company. As of right now, I support myself and live comfortably but I want to climb up the ladder and work at corporate office (not necessarily with the same company). I realize that a lot of corporate jobs require a bachelor's degree (preferably Business administration or management). So I looked at some online BS programs and found one from a very reputable state university that I would like to enroll for 2021 spring semester but I have my doubts. I am 27 with a full time job and I am not sure how realistic it is for me to do both at the same time. I can not quit my job to go to school and I am old. Also, I don't know if there are any consequences of getting a degree from an online program like people will think less of the degree or something like that. I can think of 100 reasons not to pursue but I know it's not going to hurt to get a degree. Thank you so much for reading this long post. Let me know if you have any advice or opinions. [link] [comments]  |
| Posted: 16 May 2020 07:24 PM PDT As I was finally sitting down to do my 2019 tax return, my sister reminded me about the long-term capital loss carryover from our father's estate. Which led to the realization in the title. There was no income adjustments/taxable income, but there was a final year deduction of ~3400 and a long term capital loss of ~17k, which I can continue to claim 3k of each year indefinitely until it runs out. So my question is... do I need to file an amended 2018 return, or can I just include it in my 2019 return? I've googled a bit and it seems like I'll have to file an amended return, but I'm also not sure because most of those results are referring to non-estate examples of capital loss carryover (e.g. stocks). [link] [comments]  |
| FICO scores - is there a way to get all 60 of them? Posted: 16 May 2020 01:11 PM PDT My understanding is that there are 60 different FICO scoring models out there. For my own amusement, is it possible to get all of them instead of just one from each credit bureau? Or are most of these offered only to established institutions and not to individual consumers? [link] [comments]  |
| When refinancing a mortgage, when do they actually pull your credit score? Posted: 16 May 2020 02:53 PM PDT I'm on the cusp of going from "good" credit to "excellent" credit (My credit hasn't been this good in like 10 years so I'm pretty psyched.) So I'm looking to refinance my house because the rates are amazing and I'll save a lot of money and pay off the house much sooner. Thank you! [link] [comments]  |
| Mortgage rates just hit another record low- Should I refinance? Posted: 16 May 2020 12:24 PM PDT Terrible with numbers. Currently own a home worth $715K home with 4.25% fixed 30-year mortgage in NYC. Lived in the home for 4 years. Does it make sense to refinance for 20 years at 3.25% while paying .540 in points and closing cost of 7K? I have perfect credit and decent savings. I am terrible with numbers and would appreciate your feedback.- [link] [comments]  |
| Higher rent for apartment renewal compared to what a new tenant would pay? Posted: 16 May 2020 06:59 PM PDT The rent I pay for my current apartment is $1,195. My lease is up for renewal, and my offer letter says that the new rent goes up to $1,245. Fair enough, except I saw an advertisement targeted to prospective new tenants for the exact same floor plan for $1,205 ($40 cheaper). Also, there is a deal for new tenants where the first month is free with a 15 month commitment, but this free month deal is not available to renewals. I've been a model tenant (always paid on time, no issues, etc.), so I don't think they are trying to get rid of me. Is it normal to charge renewing tenants more than new tenants? I just don't understand the point of that. I like my apartment and would like to live there another year, but it doesn't seem fair to pay more than a new tenant would. I haven't signed the new lease yet - do you think I would have much success if I try to negotiate it? [link] [comments]  |
| Posted: 16 May 2020 05:25 PM PDT I'm 23 and I've been putting money into VTTSX (the 2060 target retirement date fund). But recently I've been thinking of just buying 100% VOO in my Roth IRA. Is this a bad idea? Are the annualized returns for VTTSX and VOO comparable? [link] [comments]  |
| Save or pay debt aggressively? Posted: 16 May 2020 01:34 PM PDT Hi everyone! I just got a new job (yay me!), and I'm debating if I should pay off my debt or save aggressively. My goal is to buy a modest 2-3 bedroom house in 2-3 years and help my kid with college in a couple of years. Current salary: $51,250 Net: $1230 biweekly x 26 pays, company paid $0 towards 401k New Salary: $78,000 Approx Net $2300 x 24 pays, company puts up to 3% towards 401k. I can also buy back 10 PTO days once a year. I'm transferring over about 18k from my pension/403B into a new Roth IRA to take advantage of the 3%. I think that's how it works. Not sure. New company also pays 100% for short term/long term disability and life insurance. I currently have both policies with Aflac. Should I cancel these? Current monthly spending: Rent $1100 Car Loan $250/month, balance $6,800 6.4% Car Insurance $123/ month Renters Insurance $80/ year (PIF through August, 2020) Electric $40/month, Landlords pays water/heat Phone: $155/month (I'm paying off two phones) it will go down to $100/month by December. It's also my hotspot for internet. I cancelled Comcast/Disney+. Netflix: $15/month Food $200-300 Auto Gas $80 CC #1 Balance $3,318.47 at 25.99% - Min. $108/month CC #2 Balance $4,169.75 at 21% - Min. $122/month CC #3 Balance $3,506 at 19.74% - Min. $58.43/month CC #4 Balance $4,106.80 at 12% - Min. $74/month Credit Union Loan Balance $3,590.14 at 10.9% Min. $190.97/ month Student Loan $44k 3.6-6.4% Min. $0 now because it is deferred until September. Normally I pay $150/month and I'm also in a student loan forgiveness program. New job will also qualify. I want to put $1,000 of what is left over each month towards the highest interest and so on and so forth until I pay each off. If I do this each month, I anticipate on being debt free by summer 2021 (except student loans). Savings Goals- After paying off debt, I will have about $500-$700 leftover cash each month. I have plenty of necessities so I don't want to spend or need to go the stores. My first savings goal is to put away a quick cash emergency $2,000 for car repairs, cats getting sick or random non-threatening emergency etc. The second goal is to put away a 6-month emergency savings of $15k in my credit union in the event that I lose my job. The third is to save 25,000-30,000 for a down payment in a high interest account. Right now it's at 1.6%. I would also like to save for my daughter. With this new job I won't need to use Child Support $475/month plus whatever I can save I plan to save that for her for the next 2-3 years. Once I finish paying off my debt, I can put more $ into her savings to help with college expenses. I plan to treat the new job as if I didn't have it so that I can pay off debt and save simultaneously. Is there anything that I can do that I'm not aware of? My dad keeps telling me to do the snowball, but I think that will take forever or cost more down the road which is why I want to do the avalanche method. My brother mentioned that I should consolidate all of my cc's into one loan at a lower rate and then attack it aggressively. Yes/no/maybe? Sounds like a better plan, but I am not sure. My rental property is the lowest in my area and I'm happy here. I would love to have a house. I'm a single mom and investing in a home is my number two goal. My first goal is making sure my kid gets to finish HS and has a solid plan after she completes HS. With my old job I was practically living check to check but now I think I will be okay. Any tips/advice? Thank you. [link] [comments]  |
| About to spend $3000. Should I get a new credit card? Posted: 16 May 2020 02:11 PM PDT Hi, I'm going to spend upwards of $3000 in coming months. I had the idea to get a new credit card for this which has some sign up bonus. Is there a credit card I can get with good cashback for this? I've an Amex and Discover right now. Credit score of around 740. If anyone has any other ideas, please tell me! Thanks! [link] [comments]  |
| Posted: 16 May 2020 03:55 PM PDT I don't need to be told that I'm stupid, I feel stupid. I just need help. I found a Craigslist listing for an apartment that was good for me, he was the only one who seemed to be a good fit/not a scam. On April 9, I paid my $500 deposit thru Zelle. On April 20, I paid a $300 pet fee thru PayPal. On May 15, I paid $1,000 for rent thru Zelle on May 16, I paid $340 for rent thru Zelle, as I couldn't pay it all in one bc of Zelle limits. As you've probably gathered, it was all a scam. It was so well thought out, I got a video tour of the place, pictures, signed a lease, etc. PayPal denied my dispute for Unauthorized Access, so I'm trying to get that 300 back. My bank doesn't seem to be open, whether because of the weekend or Corona, so I'm also not sure how to get the rest. I used Zelle thru my BB&T app. What can I do? [link] [comments]  |
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