Personal Finance Roommate is trying to move out, has bad credit, she has been paying me rent for two years, can I help her credit in anyway? |
- Roommate is trying to move out, has bad credit, she has been paying me rent for two years, can I help her credit in anyway?
- Louisiana Owes me $10, but it costs me $12.95 to file the state tax return- do i need to file?
- How common are Roth 401ks?
- Just got a new job (and a significant raise). Need some advice.
- INSANE water bill
- Question about buying a house in this current market?
- Fender bender. Man doesn’t want to pay
- My fiancé hasn't been paying his taxes in 2.5 years
- Does it make sense to put more than 20% down on a house?
- Should I pay off my mortgage?
- Best way to have transparent finances with unmarried partner, as well as evade unneeded legal binding?
- Furloughed for 4 hours Per Week
- Medical student inherited property and money outside of the country.
- Fraudulent transaction from my checking account for WALGREENS.COM, need to figure how to protect myself.
- Colorodo unemployment - not getting full payments. Says that I'm approved for $416 a week but only getting $70 a week so far due to "partial payment"
- Is buying a house right now a good idea? (Massachusetts)
- Uncle asking me to take mortgage under my name so he can buy an apartment in FL
- Take a really low paying job or wait around for Unemployment?
- High yield savings with bonus?
- Buying a home while starting a new job and ending a paid non-compete
- 2 week notice and unemployment
- Anyone here use treasurydirect?
- I was given a conditional job offer based on the employment reference of my current supervisor. How should I go about this?
- I need help coming up with a game plan to pay off debt and buy a duplex
| Posted: 05 May 2020 07:40 AM PDT Okay, so I own a house that I'm trying to put on the market to sell. My roommate has lived with me for the past two years and has paid me rent on time for the extent of her stay. Because I'm selling the house, she's trying to get an apartment. The complex she applied at ran her credit and denied her. She had been applying for houses with some other friends and everything had been fine there. She's looking into why she was denied, but I want to see if I can help her in any without causing any issues for myself. Before she moved in with my she was helping care for her parents - her mother in particular who was ill and had had major surgeries. So she doesn't have any recent landlord/renter credit history. I have a high mortgage I cannot afford alone and what she pays me covers part pf the mortgage and utilities/electric/etc. What can I do to show she has been paying these things on time every month? Would writing an official letter help? Is there a credit agency I can report to or will that cause me tax problems? Eta: Removed that last sentence. I appreciate the info everyone has provided on that and I will definitely be looking into filing my taxes correctly for 2020. My 2019 taxes have already been filed and I've already paid out hundreds to the government because I spent 6 months last year on unemployment while looking for work. I'm going to hold my breath and hope they're satisfied with that and if I get audited one day, I hope to be in a better financial position to pay them more. Messing with it at this point seems ill advised. Eta2: Wow, so usually when I post something a picture of my cats may get a hundred or so likes, maybe a comment or two, and if I ask a question I'm lucky if three or four people respond. This is... overwhelming. XD I'm working atm (on a break) and trying thank, updoot, and comment on what I can. Re: 2019s taxes. Here's the thing. I'm not saying I will never, ever deal with them. I'm saying right now, for the foreseeable future, imma let the government be happy with the money they got from me and not poke sticks at a hornets nest. I have no money. None. Zero. I'm selling my house because I literally can't afford to live here. I cannot refinance the loan, I tried. I cannot open a line of credit to consolidate my debt, I tried. I cannot ask for more credit to transfers money and pay down other accounts so I'm not paying 23% interest, I tried. I cannot get my interest rates lowered, I tried. Selling my house is very literally my only available means of getting out of debt I have available besides bankruptcy and bankruptcy would effectively ruin my credit and they'd take my house anyway so... may as well do it on my terms. My point is, I'm fucking broke. I used my stimulus check to +pay the government back+ because I had no money to pay them. If I go in right now and screw around with my taxes and end up owing them more money... that's going to add more stress and pressure on me than I can currently deal with. Once my house sells and I get things settled? I can revisit that. I pay my damn taxes. I don't have insurance through my employer so I've made sure I have some anyway. I do what I'm supposed to do. But adding you owe $$$ to the government right now when my bank account was at -$288.23 yesterday because my insurance and electric bill came out (plus their overdraft fees) before my paycheck went in, well, I really don't have the mental or emotional strength to deal with that. I will either deal with it after my house sells, or I'll deal with it when I do taxes next year and file the proper paperwork then. But yeah, right now, I'll risk it. [link] [comments]  |
| Louisiana Owes me $10, but it costs me $12.95 to file the state tax return- do i need to file? Posted: 05 May 2020 08:04 AM PDT Pretty simple question. The website I use to file online charges $12.95 to file a state tax return. Louisiana owes me $10, so if I file, I'd actually be losing a few dollars. It's just a couple dollars, so I figured screw it, they can keep the $10. But I just got a letter asking me where me tax return is. My question is whether I will get in trouble for not filing even though they're the ones who owe me money. [link] [comments]  |
| Posted: 05 May 2020 04:07 AM PDT I've been looking into retirement savings, and I recently found out about Roth 401ks. They seem pretty much superior in every way (at least for me) than a traditional 401k. How common are these with employers and are employer contributions generally the same as traditional 401ks? I've been in the workforce for only a little while now and I've yet to have an employer offer a Roth 401k. [link] [comments]  |
| Just got a new job (and a significant raise). Need some advice. Posted: 05 May 2020 07:08 PM PDT After about six weeks of intense job insecurity due to my company financially imploding, I accepted an offer to join my current client full-time. My previous salary was 68K and now I'm making 105K. This is my first foray into the six-figure club and I'm extremely grateful but somewhat intimidated by how to manage my money going forward. Background: I'm 30 years old, 800+ credit score, zero debt, and a 5-month emergency fund saved up. I own my car and rent an apartment. My current retirement assets equal about $25,000 total (spread across three accounts--I need to get around to rolling that money over) but I ceased contributions a couple months ago because I thought I might lose my job. I have a lot of questions but I've narrowed them down to three main ones:
Thanks in advance for your help. [link] [comments]  |
| Posted: 05 May 2020 12:17 PM PDT I just received a water bill for almost $4,000 for a 180 day period. It claims that i used 75,000 cubic feet of water...over 560,000 gallons in half a year, or, 3,600 gallons a day. I just went outside to check my water meter's current reading, which the bill is only 5 days behind on. Meter reading on April 29th, according to the bill, is 188,000 I went outside and today on May 5th, the meter shows 202,890. That means i used almost 15,000 cubic feet lf water in about 5 days? That's impossible. 3,000 cubic feet per day...over 6 gallons EVERY MINUTE. A hose running at full blast. Surely I'd have flooding somewhere? The city I'm in is hard hit by Covid, and cannot reach anyone at the water department. What do i do? EDIT: I did some testing. My outdoor meter has not budged in usage for 6 hours. My indoor meter went up by 15 cubic feet in almost 4 hours - no a lot, considering we did 3 loads of laundry, washed the floors (2 stories), and cooked dinner. I purposely calculated usage to the most it could possibly be. If we did this for 24 hours a day for 180 days non stop, it would still be 1/4 of what they claim we used. Here are photos for reference. My indoor water meter. I circled the portion the the outside meter taps into. It looks like its connected to some kind of wireless modem (not sure what it is). https://imgur.com/hKdyive This is the outdoor water meter. The wire circled on top of the previous photo simply leads through my wall from the main meter, into this one. https://imgur.com/pM4lE7I [link] [comments]  |
| Question about buying a house in this current market? Posted: 05 May 2020 06:01 AM PDT 1st time home owner to be here....just wanted to ask, would now be a smart time to buy a home now (within 6months - 1 year ) or wait a few years (3-5) and see how this all turns out? Thanks for any advice! Edit - Thank you all for the detailed responses, this is a very professional sub and really glad I asked this question here so again, thank you so much! [link] [comments]  |
| Fender bender. Man doesn’t want to pay Posted: 05 May 2020 08:30 AM PDT Please forgive the ignorance but it's the first time this has ever happened to me. I was pulling in to a parking space when the truck next to that parking space backed out and turned their wheel causing their tire to hit my front bumper. I did not invade their parking space and they invaded mine. I immediately got out and took video of the incident. You can see my car in the my parking space. He said he didn't have his insurance with him but that his mechanic buddy would fix it for me and to not worry about it. He gave me his name and number. The next day he said he would only pay for the parts and not to get them put on the car. Is this just an expensive lesson for me or is there something I can do? I can still file a police report but I don't have his insurance info. Dumb I know guys but what's my best option right now? Thank you guys for the help! Update: so I just called my insurance and it looks like I will end up being screwed. According to the person I was talking to, if they can't get his insurance from him then it pretty much falls on me. I don't know how I could have handled this better? I couldn't make him give me his insurance and when I called the cops the next day they said they would not have showed up because it was private property. Looks like I'm gonna have to pay and my rate will go up [link] [comments]  |
| My fiancé hasn't been paying his taxes in 2.5 years Posted: 05 May 2020 03:47 PM PDT My fiancé works as an independent contractor, gets a 1099, makes between 90-120k/year gross. (He says he will be able to get his income down to 75k for tax reasons, has little to no documentation to support this, I'm a w2 employee and always have been, don't really understand how that all works especially given his lack of documentation). He has not filed any of his taxes, has not paid anything to anyone or saved any money since 2017. He got this job that year, filed 2017 taxes in early 2018, where his accountant advised a bunch of stuff, saving 30% of his paycheck, doing quarterly taxes, etc., which he never followed up with him, never saved the money recommended, filed extensions that have come and gone... and here we are. I confronted him today because... the cherry on top... he was furloughed this week. I'm here to ask if anyone has been in this situation, will he be able to recover from this? Between fees and interest... how effed is he? This will be taken care of immediately, but I come to you... for mental preparation... edit: wedding is on hold due to Covid and now we are reevaluating out whole lives because of this. I am actually incredibly thankful, it gave us the opportunity to discuss these things beforehand. [link] [comments]  |
| Does it make sense to put more than 20% down on a house? Posted: 05 May 2020 01:02 PM PDT Let assume the house is $600k and the interest rate is 3.5% fixed for 30 years Scenario #1 - 20% Down $120k down payment $2,155 / monthly payment $296k in interest over the life of the loan Scenario #2 - 30% Down $180k down payment $1,885 / month payment $256k in interest over the life of the loan Difference: $60k more in downpayment $270 less / month payment $37k less interest over the life of the loan. So if I take that $60k and invest it in the stock market and get a 6% rate of return over 30 years that comes out to $285k of interest, does that sound right? So does that mean it doesn't make sense to do the 30% down? How do I factor in the higher monthly payment to the calculation? That's $3,250 less per year in cash flow. Am I missing something obvious? [link] [comments]  |
| Posted: 05 May 2020 06:36 PM PDT I have the ability to pay of what is left on my bank note. Roughly 56k. It would save me 12k in interest over 10 years. With that payout I would still have a decent savings left. I don't have stocks or 401s. It would free up around 750$ monthly. I have no other debt and no currently car payments so my monthly overhead would be under 1k easily if this economy keeps up for awhile. Especially now that it looks like we will be going into a recession here shortly. I know it sounds great but it is a big chunk of change for me. I'm just trying to get some other options and opinions. Thanks [link] [comments]  |
| Posted: 05 May 2020 01:28 PM PDT GF are solid as a rock and are not legally married as there is no economic benefit to it for right now. It's easier and costs less for us to be legally independent of each other. However, I handle all of her/our finances (with her blessing and desire, she doesn't like dealing with money). This year we are finally ahead on everything and starting to save. I'm building up a savings account on my end and making sure that we divvy up her portions of money into her savings account so she has liquid money for emergencies without me. I also want to get her a credit card for small monthly bills to build her credit, as I am the only one with a credit history. I'm making sure sure she understands money and is able to be independent without me if something happens. So, as an unmarried couple, what are my best options to make sure our finances are transparent/accessible to eachother? I wouldn't want to joint ALL of our money, but I feel like there is use in having a couple's /savings/ account. Or maybe a savings account and an account for bills. That way we'd both have access to it in emergencies and for bills. If we get a joint account as an unmarried couple, could that be used to legally bind us on taxes etc? If it does, what is another option? If something happens to me, how can I make sure that she has access to all the money I have in my personal accounts? If something (forbid) happens to her I'm fine with her family soaking up her liquid assets, but I am /very/ worried that if I am unable to consent my money may be untouchable to her. I don't have family that I'd like to shade money with, or debt, so I want to make sure it goes to her lol. So any general advice on making our money accessible to eachother without being legally bound on things like taxes, etc? Thanks, so sorry if this question is odd or confusing. [link] [comments]  |
| Furloughed for 4 hours Per Week Posted: 05 May 2020 05:47 AM PDT Hi all, I just had a question regarding what I would be eligible for if I had my hours reduced by my company. I am a salaried exempt employee of a company in Massachusetts. There has already been multiple furloughs of exempt and non-exempt employees up to this point but there is talks that they will furloughing by reducing weekly hours from 40 to 36 for individuals like myself. I am being told that this will last until July 31st when the CARES act runs out. I am also being told that during this 4 hour furlough I would be able to collect the benefits from the cares act. To me this doesn't sound right, would I be eligible to collect the benefits of the CARES act for only 4 hours reduced in my work week? Thanks! TLDR; Can a salaried exempt person collect CARES act benefits by being furloughed only 4 hours? Edit: Thank you all for your responses. I had a busy day so I wasn't able to respond until tonight, but I'm trying to figured out more information. It sounds like it's a 50/50 split between leaving the rest of the workers as is or moving to this "furlough" proposition. I will update with more information either way! [link] [comments]  |
| Medical student inherited property and money outside of the country. Posted: 05 May 2020 03:03 PM PDT I am a 26 year old medical student in the United States. My father passed away (RIP Dad) and left me with some rental property and cash outside of the United States. The property has been poorly managed for the last few years when my father was sick and will need some renovations and new management (another story). But, I am estimating (conservative) that it will generate > $30,000 USD/year after salary & bills are paid. The property is paid off. The bank account associated with the property has ~$100,000 cash in it which I now control. Up until this point, I have been financially supported by my parents for everything with direct cash. My mom told me to take the property and money and use that to support myself from now on. This is more than fair and I am extremely grateful for position I am in. I was fortunate to get a scholarship for medical school. After scholarships, my school fees are about ~$20,000/year. So I will have to pay ~50k from this point till I finish (2 and half years left). My monthly expenses are ~$1,600 (rent+food+bills). I have ~3k cash in my account here but I'll have the financial support of family till I sort this out. I have no debt. I am not sure where to begin. Who do I talk to about making sure I bring the money into the country the right (legal and financial) way? Do I just wire it over? Should I even bring the money to the USA? What about income generated? Where do I put it? I don't think it's generating much interest from looking at the statements. I would leave at least $20k for renovations. Do I pay for my school in cash? My school offers subsidized private loans to students up to $10k/year. Interest free during medical school and residency training. Then a 1 year grace period after which, interest is fixed at 6%. I haven't taken it before. I am also eligible for government student loans. I have no salary right now, after medical school I will be making ~$65,000/year for probably 4 years then I'll make doctor money. Thanks in advance. [link] [comments]  |
| Posted: 05 May 2020 05:37 PM PDT This has been an issue for the last 4-5 days, first I get an email from Twitter saying that someone signed in from a state I had never visited. I don't even use twitter at all for the past years. Then I get a notification from Bank of America for a transaction sent to WALGREENS.COM for $5.40 on my wife's debit card when we haven't used the card since December. I also got a notification from Ubisoft (Game dev company) about someone signing in but I haven't used that in about 3-4 years. What can I do to protect myself? I have already changed passwords and disputed the transaction from WALGREENS.COM. [link] [comments]  |
| Posted: 05 May 2020 09:23 AM PDT I have been completely unemployed for a month and a half now. I had two jobs (both server jobs) that laid me off and i followed all the steps exactly as I was supposed to to file for unemployment and everything seemed fine until I wasn't getting my full payments. I don't have any outstanding bills other than old medical bills that went to collection long ago. Could they be taking money from me for that? Or could it be a simple error in the system? From what I am gathering it could be because they think I am still working since it says the reason its withholding $333 is because of "partial payment." I'm not sure how that's possible when I said I wasn't employed on multiple forms. Not sure if I should try and open up a new claim. Denfer office won't answer their phone day after day and I am getting desperate. The stimulus checks is all I have to live off of right now and I can't seem to find any answers or help! Please any advice would be appreciated i feel so lost and helpless [link] [comments]  |
| Is buying a house right now a good idea? (Massachusetts) Posted: 05 May 2020 08:00 PM PDT My wife and I started house hunting about a month ago. Here are some facts about our current situation.
We started house hunting about a month ago, the Realtor we selected to work exclusively with for the next few months said that he saw the market going "side ways". Our price bracket usually has a contract/pending on the house within a week of posting if the house is any good. We are nervous about continuing our search due to the possible tanking of the market as the year goes on. The easy answer is wait, as we are not under pressure to leave our current situation, but then I am worried about the interest rates rising. I want to take advantage of the 3% - 3.5% rates and worry that if we sit on our hands we'll have a house for the same price as we would now in a year, but with a 5% interest rate. Any advice appreciated, is buying a house wise right now? Edit: I am headed to bed I will respond to all replies tomorrow morning. Thank you in advance. [link] [comments]  |
| Uncle asking me to take mortgage under my name so he can buy an apartment in FL Posted: 05 May 2020 09:14 AM PDT EDIT................................. Thank you all for the responses, there were many factors that I wasn't considering and some answers here made me see the light. I told my uncle I couldn't do it due to the risks. ---------------------------------------------- My uncle (with whom I'm very close) is asking me to take a mortgage under my name to buy an apartment in FL (value 400k) because he is an immigrant and does not have a credit score in the US. He will send me the down-payment and pay the mortgage every month by sending me money directly to my bank account. In exchange, he is putting the apartment under my name until he is able to re-buy the mortgage or pay for the apartment. Is there any risk for me financially? (credit score going down etc?) The mortgage would be around 1400 a month, which I could afford (albeit not easily), but I did the math and I could rent out that apartment for around $3000 a month in case my uncle were to die or default or whatever. Is it still worth the risk? [link] [comments]  |
| Take a really low paying job or wait around for Unemployment? Posted: 05 May 2020 12:56 PM PDT Hey Reddit. I'm stuck between a rock and a hard place. I have been unemployed for 30 days now thanks to COVID19 and still haven't heard anything from Unemployment. I know they have their hands full so I understand, but I don't have a Claim number or anything showing progress. I have been applying to almost every job post I come across and went in for an interview at a local Dave and Busters type arcade. I knew going in that this would be a low paying job ($9/hour) but at least I'd have SOMETHING. Interview went well so I'm working under the assumption that I'll hear back with a job offer. My family is concerned that taking this job would hurt my chances for unemployment which right now would provide a lot better for me. However since I don't even have confirmation that my claim is even being worked on, who knows how long I have to wait to see something from unemployment. What are your thoughts? Take the job that will at least pay me something now or wait for the chance at unemployment (even though I have no idea how long the wait would be)? Edit: typos and rephrasing. [link] [comments]  |
| High yield savings with bonus? Posted: 05 May 2020 01:26 PM PDT Hello all, I am opening my first savings account, about 30k to deposit. I noticed that Discover recently ended their bonus (what a pity). The only other company with decent APY (1.5%) and a bonus is Capital One 360, however I am seeing many reports of terrible customer service, difficulty to deposit the required funds within 10 days, and overall difficulty getting the bonus. Are there any other banks recommended? Other simple questions about savings accounts - how do I transfer funds for free from a savings account to my schwab checking account if needed? Do I transfer to a middle man like paypal first? Also, how do I transfer the first 30k given many savings accounts have deposit limits, should I use paypal? Thank you! [link] [comments]  |
| Buying a home while starting a new job and ending a paid non-compete Posted: 05 May 2020 05:42 PM PDT My wife and I found a home we want to buy but have not gotten the ball rolling on a mortgage or pre-approval. My wife is not currently working and I am near the end of a year long paid non-compete before I start working for a competitor on June 1st. The home is not a stretch for us financially, but changing jobs during closing seems like it could be a problem? I would really appreciate any advice on how to approach a home loan under the circumstances. How much of a problem is changing jobs during closing? [link] [comments]  |
| 2 week notice and unemployment Posted: 05 May 2020 05:30 PM PDT Im in a situation I can't find with a simple google search. The company I work full time for is giving us unemployment for a few weeks due to the COVID-19 affecting the business. My part time job, which is a start up, has finally taken off and they want me there full time. If I put in my two week notice while I'm suppose to be receiving unemployment the same weeks, will it make me not eligible for unemployment anymore? Edit: I live in Georgia USA if that helps any [link] [comments]  |
| Anyone here use treasurydirect? Posted: 05 May 2020 05:25 PM PDT I just started using it again and some of my linked accounts have the wrong name. Instead of the name on account it has been account number. I want to change it but I am not sure if they will lock the account. I know treasurydirect is known to lock an account once you add a bank account, but I am not sure if they do the same for editing the name of the linked account. [link] [comments]  |
| Posted: 05 May 2020 08:38 AM PDT Hi All, I was recently given a conditional job offer on the condition that I pass a background check and that they receive an employment reference from my current supervisor. I have no problem with and do not worry about the background check. The thing I am hesitant about is the employment reference part. I have this fear that my supervisor might not say the best things to the potential employer which will cause them to pull the offer. And the situation becomes awkward with my supervisor knowing that I have been applying to other jobs. I have been thinking about this a lot, and the offer from the potential employer is much better than what I am receiving now. I think the risk might be worth it. I guess I am just asking your advice in general about the situation. I also would like to ask what do you think is the best way I should approach my supervisor regarding this. Should I go clean to my supervisor that I received a job offer with the condition that my supervisor speak with my potential employer for a reference? Thanks a lot everyone in advance [link] [comments]  |
| I need help coming up with a game plan to pay off debt and buy a duplex Posted: 05 May 2020 04:05 PM PDT I am 21 years old and I want to get my financial life under control. Up until now I have been extremely reckless with my money and its time to change. I need help coming up with a solid plan though. I have $800 in credit debt $6800 owed on my car And a $300 loan im about to pay off. Rent right now is only $350 Car insurance is $200 And I spend about $100 on dog food a month. Other than that I have no real obligations. Like I said, I've been wild with my money so I need to get my food expenses down. I have deferred my car payment two months and plan on putting my car payment towards my credit card to get it paid off in about 2 months. After that I want to pay off my car. I get paid 17.25 an hour and most of the time have the opportunity to work unlimited over time at 1.5x pay. So I'm thinking if I pay my normal $300 a month, and work 40 hours OT a month, I can pay off my car in about 5 to 6 months. At that point I'll have the extra 300 a month to go into my savings. After that I'm lost on what to do? I want a duplex because my town is growing quickly and rent is outrageously high. So if I can snatch up a duplex my renters would just about pay my mortgage for me depending on how much the duplex runs. From there I can keep saving for more properties. All this overwhelms me so I need help. [link] [comments]  |
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