Personal Finance Got married abroad and received a fair amount of gold. What do I do with it? |
- Got married abroad and received a fair amount of gold. What do I do with it?
- Father Passed Away In Home. He was There For 1-2 Weeks Before I Found Him. House Clearly Needs To Be Cleaned. Need Advice...
- What to do with money that I will probably want to use before retirement but not soon (e.g. saving to buy a car/house)?
- Got denied for an apartment due to credit history
- Quite a bit of debt and just don’t know what to do to get ahead...and just getting burned out
- Someone withdrew money from my account at at different ATM’s
- Words of Encouragement
- Am I spending too much on groceries and if so, how can I moderately reduce.
- Sorry if this isn't the right sub, but what is a normal summer energy bill spike?
- What are the pros and cons of taking a company 401k match in a traditional 401k vs roth 401k?
- I have a 5 year old credit card debt that is in collections. It does not show up on my credit report, should I still pay it?
- What actually needs to happen to complete private sale? Am I getting scammed?
- New VS Used car 2020
- Lump sum payment against student loan... Best option?
- Google Plus class action lawsuit
- A bit less than $5700 in collections, $3200 in savings, and my few measly stocks just hit approx $3100 after being around $2000 for the past few years.
- If a cosigner is unemployed will the APR be higher?
- credit markets drying up, including mortgages
- How much does it cost to be completely self sufficient at 18?
- Question about Zelle and Taxes
- Just over two weeks to find an apartment for the first time ever. What are some helpful tips?
- 40 With no savings
- Employment changes/Benefits factor
- Cash out refinance during low mortgage rates and hot real estate market ?
| Got married abroad and received a fair amount of gold. What do I do with it? Posted: 05 Aug 2020 12:10 PM PDT I (US citizen) got married to my wife (Turkish) in Turkey and received a good amount of gold coins and other gold based gifts (necklaces and such), as is the custom. Not exactly sure what the proper name for them is but my wife roughly estimated the total value to be about 10k. What should our next step be? We're planning on returning to live in the states but not sure of what to do with the gold. How does one get an accurate value on gold? How do we bring it back effectively? How do we take this and grow it? Lots of questions, but any advice would welcome. Starter here, please be gentle. Thank you! [link] [comments]  |
| Posted: 05 Aug 2020 05:53 PM PDT If you guys needs super in-depth info, check my post history. I'll try to keep it a bit short here. My father passed about 3-4 weeks ago (cops guess he had been deceased 1-2 weeks when I discovered him). I'll spare the gritty detail, but you can imagine how messy things can get when a body decomposes at home in the middle of Florida summer. Needless to say, the house is not habitable and I don't know how to properly decontaminate it myself. I've been asking cleaning companies for phone quotes (I live ~5 hours away, so haven't been able to get an in-person estimate. Will do it this weekend.) and they're saying it'll start around $4k to clean and that's suffice to say nothing else needs to be done such as restoration. I've seen many people online (and even the cleaning companies warned me) it can easily go north of $10k. I'm a recent college grad, so between paying the funeral costs, lawyer fees, and other expenses, I simply don't have $10k+ to spend on cleaning the house, let alone restoring it to a habitable condition (getting the yard taken care of, tree which fell on the house but somehow didn't cause damage removed, patio replacement, etc.) but I don't want to lose my family home. If I do end up losing it, I at least want to sell it since the other houses near it (same model) are going for a good amount more what my dad had left on the mortgage. If I have to lose it, I'd like to at least get some money from it instead of just walking away and letting the bank foreclose. I put in a claim with his homeowners (HO3). They denied it claiming that "the bodily fluids of the deceased are considered a pollutant and pollutants are not covered by his policy". Seems this is a somewhat common scenario, since I can google this situation and it's frequently disputed, with the insurance companies ultimately paying out the majority of the time (then again, I was also told that they will cover it without question the majority of the time, sooooo). I'll consult with a lawyer if they don't budge after some calls tomorrow. Idk if anyone can answer this, but is it worth having the cleaning company do the claim for me? I know one said they regularly work with my father's insurance and have never had an issue before. Maybe they can strong-arm better than I. My question is, what can I do if insurance doesn't cover it? To put it into perspective, the houses next door that are exactly the same go for about $310k and my father's mortgage is about $200k. Don't know that I'll get that much trying to sell it with a death and all, but if I end up having to sell the place, I want to at least try sprucing it up so I can make some money for all this effort, stress, and heartbreak. What options do I have? I only have enough left in my emergency fund between everything I've paid to basically subsist. Looking for advice on how to handle potential future expenses (I'm assuming I may need something like a HELOC to cover cleaning, repairs, etc.). I've also heard churches and whatnot can help. I called my dad's church and they said no. Anybody know how I can look into NFPs/chruches or whatnot that may help? Can anyone provide any advice? Thanks! [link] [comments]  |
| Posted: 05 Aug 2020 10:02 AM PDT I contribute to both a 401k and Roth IRA and have a sizable emergency fund set up. I also currently have no long term debt. I know I want to buy a car/house someday but don't have any concrete plans on when. In the meantime though, I want to save for it and not have the funds locked in a retirement account until I'm 59 or just sitting in a low/no interest savings account for potentially many years. The last part of the personal spending flowchart in the wiki mentions to use "a conservative mix of stocks and bonds for goals more than 3-5 years away." What does this look like in practice? Outside of my retirement accounts, I currently don't do any significant investing. Is using my long term, non-emergency fund savings to buy and hold ETFs through Robinhood frowned upon? Do people just open a brokerage account and do that kind of investing there? Thanks! [link] [comments]  |
| Got denied for an apartment due to credit history Posted: 05 Aug 2020 05:07 PM PDT Hi reddit. Not sure if this is the right place to post but I'm pretty upset and would like some advice. I'm 19, have a 703 credit score and a very good income for my age. I have a lot of savings and no debt. However, again, I'm 19. So I barely have any credit history, maybe about 6-8 months worth. I applied for my first apartment at quite literally the only place in my entire city that was viable for me. I am physically disabled, and don't drive, so I needed to be in walking distance of a grocery store. Which, in my city is impossible to find. I found a place that was quite honestly expensive for what it was, but still close to my budget. However the location was PERFECT. Everything you could ever need within walking distance AND it was a nice area. Apparently everyone who lives there doesn't even drive much, which is what I needed. I thought I had everything right. My income is well in the 2.5x needed to rent, I have a high credit score, no debts or anything alarming on my credit history. I just come from a family with credit debt so I've always been scared of getting a credit card (til recently, when I realized I have to grow up and just do it lol). So my credit history is sparse. Everything seemed like it was lining up for me to be approved and I was told I wasn't. So now I'm out of my $50 application fee (actually, they charged me $500 upfront so let's hope I get that back...) and don't even have the energy to go looking again, because I sifted through well over 200 apartments until I finally found (what i thought was) "the one". But I guess not. I'm mad and confused but I get it. How should I go about finding a different place? Obviously finding one that works for me will be a struggle enough, but what should I do to find a place that doesn't care about credit history? Is that something I should ask before applying? I'm scared I'm just gonna get denied every single time because of how young I am but... I need to move, so. It sucks because I have to live in a newer or at least updated places for accessibility reasons, which many older places or even homes renting out don't offer. So I'm stuck with these upscale places I honestly don't even need which I think hurts my chances since they most likely have much higher standards for renting out to people, hence why they denied me. I'm worried all these newer places have those same high standards and I'll get denied again :/. Any advice would be helpful. Please go easy on me, lol. I know this is reddit but this is my first time ever moving on my own so I'm new to all this stuff. But any honest helpful advice is appreciated. [link] [comments]  |
| Quite a bit of debt and just don’t know what to do to get ahead...and just getting burned out Posted: 05 Aug 2020 05:08 PM PDT Just a little lost I'm not really sure what to do to "get ahead". My wife and I make a combined $110k a year, and we currently pay almost $1,800 in rent per month (I know that's high and we're planning a move). We have about $3k in credit card debt, and we're $144k in debt for student loans and have one car payment of about $450 a month. How do we get ahead? I'm open to answering whatever questions and providing whatever info I can. I just want us to get ahead for our sake, but more importantly, for my almost 2 year old daughter. [link] [comments]  |
| Someone withdrew money from my account at at different ATM’s Posted: 05 Aug 2020 12:51 PM PDT Hi, First off Im not sure if this place to ask,if not please let me know. I logged onto my bank app today and saw someone has been taking money from my account,in different transactions at different ATM's in my city. I went to my bank to fix the issue,and the teller told me there's no way they can do that without physically having my card. He kept asking me if I was sure I didn't do it,but I know I didn't and no one else has access to my card or information. My card has also obviously been with me and I haven't misplaced it or anything. They are going to open and investigation to look into the issue. They closed my accounts and gave me a temporary card. Is there anything else I can do meanwhile I wait? And how was someone able to take that money out? I'm still confused and I hope my bank can give me clear answers. Has this happened to anyone else? Thanks in advance for your help! [link] [comments]  |
| Posted: 05 Aug 2020 08:06 PM PDT At the end of the day, you're on this subreddit to make a positive change in your life and I respect that. You might slip up and make a few mistakes here and there but as long as you don't give up and keep it moving, you will do great things with your financial life. Keep grinding and focusing on your purpose. God bless. [link] [comments]  |
| Am I spending too much on groceries and if so, how can I moderately reduce. Posted: 05 Aug 2020 01:43 PM PDT Just evaluated my grocery budget. I'm one person that spent $500 at the grocery store in July, excluding alcohol. For starters, is this too much for one person? I eat well and buy good stuff, but I don't have scope of whether or not it's an acceptable expense or eating too well (steak, lamb, ect weekly). Should I scale back and treat myself less often? Update: got a lot of feedback. Obviously it's a tough question to really give advice on since I left out income and area. Goal was to get a feel for what others spend independent of income because I'd like to not align my food budget to my income (increase budget as salary increases). Knowing what I buy and how it's impact my spending if I made a few cuts, I get a sense that I'm not spending crazily, but have some room to cut back. I appreciate everyone's feedback. [link] [comments]  |
| Sorry if this isn't the right sub, but what is a normal summer energy bill spike? Posted: 05 Aug 2020 05:07 PM PDT This is my first summer in my first home (1000 ft2) and I can't tell if this spike in my energy bill is something to worry about. My girlfriend says that this just happens in the summer but this spike seems too big for me to write off like that. Would i be overreacting to get my AC looked at? ETA: I live in Kansas and the house is always kept at 72. [link] [comments]  |
| What are the pros and cons of taking a company 401k match in a traditional 401k vs roth 401k? Posted: 05 Aug 2020 11:34 AM PDT My company will match contributions to a traditional or roth. I only contribute as much as I need to get the full company match (which isn't enough to max roth contribution limit). Since this is based percentage of salary, I think hypothetically the company will pay out the same $ amount regardless of choice. Is it better then to take it in a roth because a $xx/month as a roth contribution is actually worth more than $xx/month as a traditional contribution since roth is after-tax? Thank you [link] [comments]  |
| Posted: 05 Aug 2020 03:40 PM PDT I recently started making more money so I paid off almost all of my old debts from college. I paid off everything that shows up on my credit report, but I have a 5 year old credit card debt that is legitimate but doesn't show up on my report. I received a letter from the creditor addressing the debt I owe and threatening to sue. Do I have to pay this debt even if it is not on my credit report? How can I be sure that this creditor is legit if they're inquiring about a debt that does not even show up on my report? Would you recommend just paying it off so it doesn't become an issue later? Is this common or is there a reason a debt doesn't show up on my report? [link] [comments]  |
| What actually needs to happen to complete private sale? Am I getting scammed? Posted: 05 Aug 2020 01:22 PM PDT I'm in the process of selling my car and need some help determining if everything is all set for the sale...
The only thing I am wary about is I haven't signed any docs with the seller at all... no Bill of Sale, no transfer of liability. Is that normal? This is my first time selling a car. [link] [comments]  |
| Posted: 05 Aug 2020 07:34 AM PDT I've always had the understanding that the best bang for your buck is purchasing an off lease 2-3 year old car with low mileage. Given the current economic climate is that still the case? Used car prices are higher than they have ever been and more manufacturers are offering discounts and 0% financing on new models. For my situation, one car I am looking at is the Mazda CX-5. Around me I can get a used 2018 touring trim with about 20k miles for 25k or I could get a new one for 27.5k. That new vs used gap is now smaller than before. Does buying used make as much sense as before the pandemic? Edit: The general consensus seems to be go new. Thanks for all the responses! [link] [comments]  |
| Lump sum payment against student loan... Best option? Posted: 05 Aug 2020 05:55 PM PDT Good evening, I have a 33,000 student loan at a 5.6% interest rate with a $440 per month payment. I have received a $20,000 lump sum. My emergency fund is established, I have a mortgage (3.8%), and no car payment. I am stably employed, no cc debt, have a retirement account through work, and my own Roth IRA that I do not yet max. I would like to increase my monthly cash on hand to get closer to maxing the Roth, and to save for a down payment on a car in 1-3 years. My thought is to pay off a significant portion of the student loan, thus reducing the monthly payment, and overall interest on the loan. My rough calculations show a 20k payment reducing the monthly loan payment a disappointing $280. Thoughts or any better ideas? Thanks! [link] [comments]  |
| Google Plus class action lawsuit Posted: 05 Aug 2020 12:32 PM PDT I got an email from google-noreply@google.com stating I am eligible for a payment from a class action lawsuit due to Google's mishandling of information, and to follow googleplusdatalitigation.com. There are a few news articles about it but nothing from a reputable source. The email seems super legit, curious if anyone else has gotten it or if this is a scam? [link] [comments]  |
| Posted: 05 Aug 2020 06:54 PM PDT Sell and pay off debt, or save more and pay off debt while keeping stocks? More info: I'm 25 and an essential employee working a job where I'm at no risk of being laid off. I just got a promotion that I've been working very hard towards, and a raise, and I'll be making $19.45/hr plus $4.50/hr COVID relief. (I seriously love my job and am so incredibly thankful for it. Having benefits is awesome. I just had a double kidney infection and my last minute appointment at the hospital and meds were less than $40 total.) I work full time, and benefits, 12% retirement, and taxes are all pulled from my check automatically, so I'm already saving for retirement which is nice. I pay all the bills for me and my family: $1000-1200 / month for all bills, household needs, plus approx 300/ month on food. I own my 2000 Chevy truck. It has almost 200k miles on it. 2wd 1 ton and I live where winter is bad, I may need a new truck this winter so idk what to do about this. And last but not least, I have mostly Costco stocks and 2 other random miscellaneous ones. In total I have $3100 that I could liquidate and transfer by the end of the week, then get ahold of the collections agencies, and pay everything off using this plus most of my savings. I'd like to keep some money liquid for truck repairs / medical / other emergencies. Thoughts? If you need any more pertinent info, please let me know!! [link] [comments]  |
| If a cosigner is unemployed will the APR be higher? Posted: 05 Aug 2020 08:16 PM PDT So I'm applying for private student loans and while our Sallie Mae loan got approved, it had an APR of 13% which is quite frankly not at all feasible. I am wondering if this is because the parent I had co-sign is currently unemployed and if we will get a better rate if we reapply with my employed parent? My parents have decent credit scores. [link] [comments]  |
| credit markets drying up, including mortgages Posted: 05 Aug 2020 07:31 AM PDT More of an fyi, but also curious how widespread this is, but 12 days before closing, I got a call from my mortgage broker. After having been pre-approved, locked in, and even completing the appraisal, they pulled out my mortgage from under me. USAA was my first choice, but they completely stopped doing conventional loans. My rep told me "If you need to go with someone else, I understand." I was like "why would i go with someone else?". Seemed like she didn't want my business suddenly after months of talking about selling my existing property so I could buy a new one. i.e. I started the mortgage process way ahead of time so there were no surprises. When my USAA rep said she couldn't close in less than 40 days (thats why I had to use a different mortgage company), I had to scramble to find someone else because my house closed in 30 days. Funny, she didn't mention the 40 days in our previous 5 calls over several months. Mine was conventional, but my mortgage broker said that FHA and VA have changed terms very recently that has made it nearly impossible to get these loans done. I have had to close in all cash, which sucks since I cant take advantage of these low rates. So just a word of warning, check and double check with your mortgage broker, or dont make a move. The banks seems to be changing the rules by the minute, and, almost looking for reasons so not loan. source: myself, 800+ fico score, enough cash to actually buy the property, 1040's showing 108k and 130k for the last 2 years, with just 1 car payment of $850 per month. No debt otherwise. If I dont qualify for a mortgage, I dont know who does. Almost a self fulfilling prophecy. The banks are afraid people won't be able to pay, but people won't be able to pay, because there is no lending. Add to this, Amex pulled all of their normally easy business loans, along with many other banks doing similar moves. Anyone else seeing this credit crunch? [link] [comments]  |
| How much does it cost to be completely self sufficient at 18? Posted: 05 Aug 2020 05:09 PM PDT I've got two years to plan to move out, and I'd like to do it the right way. The goal is no asking family for money, no moving back in, and not going into debt. If there's any tips or things I should save for I'd really appreciate it! [link] [comments]  |
| Question about Zelle and Taxes Posted: 05 Aug 2020 07:52 PM PDT Howdy! So, I've been one of the unlucky folk to be furloughed till now, so I've been on EDD. I'm weird about making extra accounts to websites if there's an alternative and linking my bank account to them. So to transfer the unemployment, I've been making biweekly trips to the local BofA with my GF, withdrawing the cash, driving to the Chase a block down, depositing cash into her account, and having her Zelle it to me. This process takes all of 15-20 minutes. Now, the thought crossed my mind that this might be looked at as maybe unreported income on both of our accounts and we may run into trouble as a result. What is the likelihood that this is a valid worry? Is there anything that can be done now as proof of what these transactions actually were?? Big scared.. [link] [comments]  |
| Just over two weeks to find an apartment for the first time ever. What are some helpful tips? Posted: 05 Aug 2020 04:46 PM PDT Because of covid and constantly evolving announcements and plans from universities, I discovered today that I (and a roommate) have the next 2-3 weeks to get an apartment. I've never rented one before. What's some good advice so that, in our hurry to secure a place to live, we don't get caught in any expensive traps or "rookie mistakes?" [link] [comments]  |
| Posted: 05 Aug 2020 06:54 AM PDT Can't believe I'm sharing this - thanks Reddit anonymity! - but I just hit 40 with not a damn dime saved for retirement. Wife and I changed careers, which set us back, and had some medical bills, which we've paid off - we're debt free but the house. I'm constantly brought back to this nagging fear that our life is a charade, we haven't taken the steps. I guess what I'm asking is, how completely, I'll-be-working-until-the-day-I-drop-dead effed am I? [link] [comments]  |
| Employment changes/Benefits factor Posted: 05 Aug 2020 05:36 PM PDT Hey everyone so here is the situation. I was just offered a new job opportunity to enter into a new industry. I originally wanted to make this move earlier this year but put off for health insurance reasons. I recently had surgery on my shoulder and with all of those costs when all is said and done I will have my out of pocket maximum reached for the year under my current health insurance plan. This is particularly exciting because I know sometime in the future I will have additional claims completed for very big bills. Now the opportunity for this new job couldn't have come at a better time for every reason unrelated to my insurance. My question is let's say if within a few weeks time I end up taking this other job that offers a different insurance company, will I lose all the benefits of my current plan for costs that were incurred during the life of that plan? Such as will I lose the benefit of having reached my out of pocket maximum and having insurance cover the costs of all bills from services dated before my insurance termination? Or for that specific reason will I get to retain that benefit? I'm not sure if this is where I should be asking this question and I will be bringing all this up to my doctor and current insurance company, but my mind just started sputtering after considering this factor. It's been a whirlwind of a day. [link] [comments]  |
| Cash out refinance during low mortgage rates and hot real estate market ? Posted: 05 Aug 2020 04:12 PM PDT Looking at doing a cash out refinance and using the cash to buy an investment property. It seems to good to be true so I'm wondering if I'm missing something and wondering if anyone is doing something similar right now due to the current market and low rates. Current Mortgage
Cash out Refinance Proposal:
Basically I can refinance and pull $40k out in cash, keep the same monthly payment, and only pay 1,500 in closing costs. I'd use the $40k and additional savings as a down payment for an additional property that I'd rent out. This seems to good to be true. Am I missing anything here? Anyone doing the same thing right now? The other option is to do a regular refinance (no cash out) and save $200 per month. Also attractive, but getting $40k cash right now that I can put to work seems like it has much more upside, particularly if the real estate market dips due to COVID-19 foreclosures in the near future. The $40k in cash would really come in handy to swoop up a deal. [link] [comments]  |
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