Personal Finance Orthodontist never cashed a personal check for $4000- its been 5 months. Still recieving services from them and have mentioned it multiple times. Is there any risk to me from this? |
- Orthodontist never cashed a personal check for $4000- its been 5 months. Still recieving services from them and have mentioned it multiple times. Is there any risk to me from this?
- Can someone please tell me how less than $150 can be refunded from a trip I paid over $1000 for?
- How can I tell if a mentorship program is a scam?
- What should I do if parents died before I am a legal adult?
- Best ways to save on utilities?
- My dad is a control freak and uses money as one of his weapons.
- Would quitting my job now be a huge mistake?
- Taxes say I owe but all my balances are zero?
- Is it a bad idea to invest in a multi-family home right now?
- First time home buyer trying to buy a home in a super hot market.
- I'm 18 and make roughly $400-500 a week, wondering where to invest my money.
- How often do you sell stocks/mutual funds in Vanguard Roth IRA? (Beginner)
- IRS is "no longer providing live assistance" all this week. Husband's SSN is showing up as used when we tried to file taxes. How to fix it if they aren't answering the phone?
- How do I start saving?
- Should I refinance auto loan? 6%, 15,000 remaining over two years
- My partner and I are weighing our options in tackling mountain of debt (~$80K)
- Veterinary school, LOTS of debt....
- Best online only bank
- Should I cash out all my stocks/investments in order to put a down payment on a house?
- Are you a snowball, avalanche, or mixed kind of person?
- Lender Dragging Feed on Locked-In Loan Estimate
- Is a Home Improvement Loan My Best Option?
- Advice on car loan.
| Posted: 03 May 2020 03:29 PM PDT Should I stop the check? Is seems kind of skeezy. I have the money set aside in my account so there isn't a risk of it bouncing. Nothing else about the service is unusual and they're an established practice. [link] [comments]  |
| Can someone please tell me how less than $150 can be refunded from a trip I paid over $1000 for? Posted: 03 May 2020 04:22 PM PDT Our senior trip this year was planned for Disney World. Obviously everything's cancelled now, and I'm really confused as to why I can't get any money back. The money was due in February and the trip was planned for the end of May. I don't know all the details but it was being coordinated by a travel agency. I mean... sorry if I sound like some ungrateful teen but $1k really is a lot for a future broke college student [link] [comments]  |
| How can I tell if a mentorship program is a scam? Posted: 03 May 2020 05:11 PM PDT So I met this customer at work where we talked about how many people are losing jobs. I said that people should have at least 6-12 months of savings for emergency situations such as what we are seeing now. He told me that he was impressed with my attitude towards money and asked if he could give me his contact details. I said okay, and he began to invite me to a mentorship program. He invites me to a couple of zoom seminars and now he has invited me to fully join the program. The only thing is, the will cost me $50/month. I can't really get much information about the program since every single tab I click on just redirects me to a subscription page and so far, I haven't learned anything new in the seminars I've been to. They've also plugged a company name, 'Amway' in both of the seminars I was invited to. I can't really see how this is meant to be worth my money. [link] [comments]  |
| What should I do if parents died before I am a legal adult? Posted: 03 May 2020 03:06 PM PDT I don't know if this can be here (nobody is dead). Is just that my mom asked me this and I found myself without any clue about what to do. [link] [comments]  |
| Best ways to save on utilities? Posted: 03 May 2020 12:26 PM PDT I'm moving into an apartment soon, and I want to minimize my utility costs as much as possible. What are east ways to cut those costs? [link] [comments]  |
| My dad is a control freak and uses money as one of his weapons. Posted: 03 May 2020 03:28 PM PDT How can I earn money while trapped at home? I am 17. My mom won't let me go outside and work. [link] [comments]  |
| Would quitting my job now be a huge mistake? Posted: 03 May 2020 12:21 PM PDT I'm fortunate enough to have a well-paying remote friendly job but my employer is taking advantage of the pandemic by working me relentlessly. On top of being burnt out, I'm physically, mentally, and emotionally spent. I was considering quitting to spend a few months at the end of the year traveling, but given the circumstances I'm wondering if I should rip the bandaid off now, scrap the travel plans, and spend my time recharging and planning next steps. I have a modest savings that I could dip into to keep my bills paid for several months but I'm worried the economy and job market will get worse and not recover for some time, leading me to use more of my savings than I'd like. This is a scary moment in time for a lot of people, and I don't know if I'm being selfish and stupid by prioritizing my mental health at the risk of my financial well being, or if I should take the plunge. Advice would be appreciated. 125k/year income 60k savings 120k retirement 2k/month rent 350/month essential spending [link] [comments]  |
| Taxes say I owe but all my balances are zero? Posted: 03 May 2020 05:30 PM PDT Hi everyone, I did my taxes over a month ago and I owed state and federal. I logged onto the IRS website to pay the amount it said I owed on my taxes despite that IRS saying I owed zero on their website. I did the same for my NYS tax, website says I owe zero, but my taxes say I owe money. I paid both but now I'm worried I did something stupid. Are their systems taking extra long to reflect balances? Or did my accountant screw up? If I don't actually owe this money, will I ever be able to get it back? Thanks everyone. This is my first year doing my taxes and my parents can't help me because everything automatically gets taken out of their account. [link] [comments]  |
| Is it a bad idea to invest in a multi-family home right now? Posted: 03 May 2020 09:12 AM PDT Currently own a condo in a large city valued at $315k with an outstanding mortgage balance of $188k. Have $210k cash in the bank and earn a $105k salary. I spend about 40% of my income on mortgage/HOA. I work for a financial institution and do not expect my salary to be effected by current conditions. Single 32F. My current condo is tiny, but updated and in an excellent location. I'd love to live in a bigger space, but am concerned about upcoming market conditions. As title states, I am considering buying a multi-unit property, in my area they are rare to find on the market and usually cost ~$700k, likely more for renovations. I know that nobody here can predict the future, but does it seem too risky to go down this path? The idea of carrying a huge mortgage on 1 income scares the heck out of me, but I am extremely risk averse/a chronic saver. [link] [comments]  |
| First time home buyer trying to buy a home in a super hot market. Posted: 03 May 2020 11:51 AM PDT So I'm a first time home buyer and looking at making an offer on a home very soon. We found one we like, the only problem is houses sell here within 48 hours. We've put in offer but always get outbid. Anyways the question is would it be smarter to put my loan over $300,000 to get a better rate? Our current loan if we offered a little above asking would be at 3.825%, but if we go up 7,000 it will be 3.75%. The overall mortgage with escrow will be about $5 a month different. Am I missing something or with the rates like that should I just offer more. I feel like there will some hidden cost or are there risks of appraisals not hitting? Really just worried. Any thoughts or similar situations? [link] [comments]  |
| I'm 18 and make roughly $400-500 a week, wondering where to invest my money. Posted: 03 May 2020 06:49 PM PDT I have about 2k that I can invest right now, and about $500 in some bluechip stocks i bought recently on robinhood. I'm wondering if it is a good idea to open a Roth IRA right now with everything going on, or maybe putting it in a savings account or CD. The only bill i have is the roughly $100 a month I pay for my credit card which i only use for gas. I go to college in the fall, but don't see myself really needing a lot of money anytime soon. [link] [comments]  |
| How often do you sell stocks/mutual funds in Vanguard Roth IRA? (Beginner) Posted: 03 May 2020 06:25 PM PDT Hello, so I am currently 19 years old and I opened up my first Roth IRA account via Vanguard yesterday. I am currently looking at some mutual funds (VTSAX s&p 500) and I have lots of questions/need advice. My goal is to put in the maximum each year and take out the money(hopefully 1 mill) by my 60's. Say I buy the max amount each year of VTSAX stocks or any other index funds, so do I hold onto them and keep buying more each year and then sell until I retire? Or do I sell every now and then and keep the profits within my account and then buy other cheaper index funds? Also if I want to invest in like Microsoft or Google (other stock companies) is it wise to do it within the Roth IRA as long as those companies are long term investments? Also for short term investments, do you just use a savings account for those? (I want to put 30% or more of my income into the stock market each year for long term and short term). Also is it wise to buy dividend stocks on a checkings account? I know I am asking a lot, but I am just so confused by the process of stocks/index funds. If anyone can steer me in the right direction, I'd greatly appreciate it! [link] [comments]  |
| Posted: 03 May 2020 05:06 PM PDT Husband hasn't filed taxes for years since he wasn't working. We got married 2019. Filed jointly in April, it was in process with our tax guy when the EIPs came out. Husband didn't get one (I did) and figured it was because he has never filed taxes. He filled out the NonFilers stuff on the IRS website. Our tax guy tries to file our taxes and it says my husband's SSN was already claimed. Credit checks look good and aren't suspicious for identity theft. We manually filed by mailing it in because of the SSN stuff and our tax guy told us we had to call the IRS. Unfortunately, we tried calling multiple times this week but it keeps saying the IRS is unavailable for live help and to check the self service website for more help. tl;dr What are we supposed to do if we can't get ahold of anyone? Wait and see what they do with our mailed tax return? My only guess is him using the NonFilers site for his EPI screwed us. Thoughts? [link] [comments]  |
| Posted: 03 May 2020 02:31 PM PDT I just graduated college this past weekend and start a full time job Monday (tomorrow). The first few months, I will be living from home with very few expenses and then will be getting an apartment ~($850/month) including utilities. I will be bringing in roughly $2900 a month after taxes. I have no car payments or any other large monthly expenses. I've estimated that I want to save between $750 and $1250 a month and want to figure out the best way to do this. What are my options, and how should I approach beginning to save? [link] [comments]  |
| Should I refinance auto loan? 6%, 15,000 remaining over two years Posted: 03 May 2020 09:42 AM PDT I had a large chunk of crypto at the time with no job, so I was able to purchase the car outright. I decided not to because a loan would help build my credit (dumb decision). Got about two years left on a five year loan. Cars in great shape, 2018 Subaru outback. Should I just keep on keeping on with my payments or refinance to try and lower the interest? Credit score is 695 [link] [comments]  |
| My partner and I are weighing our options in tackling mountain of debt (~$80K) Posted: 03 May 2020 05:28 PM PDT My partner and I (unmarried, living together) are in a very tricky financial situation and are finally working on navigating our way out, but we are having a difficult time identifying which options are right for us and decided to post here for some guidance/general consensus on absolute DO's and DON'Ts. Background: between debt that existed prior to our relationship, various job changes, and general mismanagement of finances, we are currently in a considerable amount of debt. I say "we", but in actuality, all of the debt is in my partner's name, which was intentional as a means of preserving my credit score so that we could look at future homes/purchases with at least one of us remaining in good standing with creditors. My credit hovers between 750-800, and hers has been fluctuating between 580-650. In order of least to greatest, here are the 'debts' we are trying to tackle:
Up until today, we didn't realize just how deep of a hole we had dug for ourselves. We had previously been considering obtaining a personal or debt consolidation loan just to combine all of the debt and have one minimum monthly payment to simplify things and make repayment easier. We had also considered a debt relief program (like Freedom Debt Relief) to help make things more manageable. However, now that we see the full extent of our debt, we feel like bankruptcy is on the table for us. We don't anticipate any significant positive changes to our income in the near future that would make repayment easier, and for added context, some of this debt was accumulated by having to use credit cards to make rent payments. We are also becoming more and more concerned with using what resources we have to plan and save for the future. Bankruptcy has also become a much more appealing option because after some research, we think we could have a fighting chance at getting my partner's student debt discharged, so the potential here is to wipe away nearly $80K in total debt, though we realize that is not guaranteed in the slightest. I do want to make two points. 1) I realize this may come across as a person who is pushing their partner to apply for bankruptcy without any repercussion to their own credit history, but I want to assure anyone reading this is something we have discussed extensively (she is sitting next to me as I write this post), and she is very much open to the option if it is genuinely the best move for us to make, both independently and as a couple. 2) We are also aware that we are in this situation because of our own financial mismanagement and acknowledge that we have been living way above our means. Any hope for a successful financial turnaround hinges on implementing better habits moving forward, and that is something we take very seriously. So in summary, my partner has close to $80K debt in her name, and we are debating between one/some combination of the following options:
If anything is unclear or there are any questions, please ask and I will answer to the best of my ability. Any and all suggestions are very much welcome and appreciated. Thank you! EDIT: My partner makes $2-3K/month depending on business from her side hustles, and I was making $2200/month but my office closed in March due to COVID-19 in our area. No idea about plans to re-open or when, and have been unable to file for unemployment benefits. [link] [comments]  |
| Veterinary school, LOTS of debt.... Posted: 03 May 2020 07:53 AM PDT Someone I know will be graduating from veterinary school next year with approx. $400,000 in debt. She expects to make between 90,000 and 120,000 per year out of school and for that to increase slightly over the next number of years. There has been discussion about doing public service loan forgiveness or pay as you earn loan repayment. What would be your suggestions for the best way to tackle this one!?!? [link] [comments]  |
| Posted: 03 May 2020 03:09 PM PDT I've been with Simple for years and love them. I need to open a second checking account and unfortunately Simple doesn't offer multiple personal checking accounts. Can anyone recommend a bank similar to Simple? I want to be able to set up and deposit or transfer money online without the need to go anywhere in person and have have no transfer or hidden fees. The main function of this account will be transferring money into my Simple account on a weekly basis. Thank you! [link] [comments]  |
| Should I cash out all my stocks/investments in order to put a down payment on a house? Posted: 03 May 2020 08:55 PM PDT I am 35 years old in a very HCOL area, currently renting but thinking of buying a house/condo. The title of my post is the entire question. :) My situation is very fortunate. I make ~$150k/year in total comp, no debt. I have $10k in cash savings, $40k in CDs and ~$120k in stocks and managed funds (nothing tax-advantaged, sadly. Mistakes of my youth). I also have $50k in a 401k that I am not touching, and will continue contributing the yearly maximum to. Houses in my area range from $700k for something that needs work to $900k-$1.3 mil for something that is move-in ready. I will likely stay on the lower end of that, and will eventually put an ADU in the back yard in order to have a renter and help with the mortgage. So, $50k down and keep the stocks/funds? Or $170k down to reduce my payments and (possibly) avoid PMI? [link] [comments]  |
| Are you a snowball, avalanche, or mixed kind of person? Posted: 03 May 2020 09:21 AM PDT For many years I've been an avalanche kind of person, and always wanted to convince people that this is the best way to pay off your debt (mathematically). I still do most of the time, since I am convinced this is the right way to save money. However, after many years of giving this advice, I realized that even close friends still wouldn't pay down their debts the way they are supposed to; they needed more motivation. It took me years to understand that it really depends on your personality, some people REALLY need that emotional factor that the snowball method provides, while I'm just happy when I see my overall progress going in the right direction and knowing that I'm saving money in my avalanche journey. When asked for advice, I currently try to ask some questions to get a general understanding of the person's money habits, then proceed to explain both methods, and finally let them know what I think is best for them as an individual. I also don't care if they don't follow my advice; I just hope they are determined to pay off their debt. Sometimes I see really heated discussions on here while people try to advice someone, and after making my calculations, I see that the avalanche method would only save the person less than $100, which is nothing compared to the huge amounts of debt they have. So, is it really worth to argue? I used to be strongly against snowball, I now analyze each particular situation. So, are you a snowball, avalanche, or mixed kind of person? [link] [comments]  |
| Lender Dragging Feed on Locked-In Loan Estimate Posted: 03 May 2020 11:47 AM PDT Hi Folks, Has anyone dealt with a lender that seems to have gotten "cold feet" after providing a Loan Estimate. I received a locked-in Loan Estimate that would have cost me about $2000 (based on Total Loan Costs + Lender Credits). I was able to negotiate that down to $0 by showing them a competitor's loan estimate, which they said they'd match. (They didn't issue a new loan estimate, but I did get an email that says: "we would match <OTHER LENDER> offer so you don't pay any fees here, looks like they are covering all their fees so we would match that." Based on that understanding, I authorized the lender to charge my credit card for the "Good Faith" deposit. That was around 3 days ago, and ever since then all I've heard from the lender is that they are "working on pricing". My CC has not been charged. The locked-in Loan Estimate expires at the end of this week, and I don't want to be in the situation where the locked-in rate has expired and I haven't moved forward with the current process. Pricing has moved already so even the original $2,000 fee now looks attractive. What should I do here? I'm concerned that the lender can nullify the agreement simply by moving so slow the locked-in rate expires. [link] [comments]  |
| Is a Home Improvement Loan My Best Option? Posted: 03 May 2020 05:27 PM PDT I'm in the the precarious position of having to replace my heat pump/air filtration system AND roof at the same time. The total cost will be around $10,000 and unfortunately I don't have the cash to pay for it out of pocket. I'm thinking a home improvement loan might be my best option. For context my home is valued at around $200,000 and I owe about $140,000 on my mortgage. I'll also post the loan rates / terms available through my local credit union below. Obviously the shorter terms are better, but if someone can explain the difference between up to 80% LTV/CLTV and from 80.01% to 100% LTV/CLTV it would be much appreciated. Also, if you have any suggestions for a better approach to paying for everything please let me know. I've already looked into paying with a credit card (interest rate is higher), borrowing from my 401k (something I really don't want to do), and financing provided by the contractors (lending agencies seem seems shady). Thanks for your help. For context, here are the available home improvement loan rates [link] [comments]  |
| Posted: 03 May 2020 07:30 PM PDT I need advice on getting a car from a dealership. I've never gotten a car from a dealer ship all mine have been preowned from Kijiji / Facebook ads. However I'm in the position now to safely get a car I've been looking at . A Hyundia Veloster turbo 2014 with 100 k km for $11500 CAD . It's a fairly high trim and the price is good for my area. Would offering a down payment of 4 grand and a 2 year term be acceptable? My credit good and my job is a good secure job. [link] [comments]  |
| You are subscribed to email updates from Personal Finance. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment