Personal Finance I can't afford to live where i am, looking for options. |
- I can't afford to live where i am, looking for options.
- Need advice: My dad (61) and minor sister (16) are being evicted and he doesn't know where to go.
- Is it normal to get charged late fees for paying "too early"?
- Long Lost Stock Certificates Found
- Paying into state government pension, how much should i put into other retirement investments?
- Roth IRA Vanguard
- Adding someone to my credit cards to help build their credit?
- What are some average closing costs for refinance? My bank quoted me 10k
- Can I ask for some sort of compensation or interest on extremely delayed wages?
- 401k Enrollment error by employer
- Refinancing mortgage
- Dispute a credit card charge 8 months later?
- Old 401k closed before I could get to it
- Has Anyone Had Experience With Loan Depot?
- How do I cancel third party magazine subscriptions? I just paid over $100 for magazines I do not read.
- Quarterly Taxes
- Received Labcorp bill for $300 because physician's office required. Would not tell me the cost before test.
- I Need Life Insurance and Don’t Know Where to Start
- 1099 opportunity and totally overwhelmed by taxes, can someone help me?
- Buying a project car at 16.
- Help me math out/options my high apr car loan, and my student loan so I can get out of debt!
- Inheritance stock and trust question
- Helping Elderly Parents with Bill-Pay
- In difficult spot and could use some advice
- Should I get an unsecured loan for debt consolidation?
| I can't afford to live where i am, looking for options. Posted: 01 Oct 2020 05:02 PM PDT So basically. I live in NY, The expensive part, 27m, currently living at home. Not by choice. I grew up here and is really the only place I know and my job is here. My job only earns around 1200-1300 biweekly, so that's me saying I make only a few dollars higher than minimum wage here. with over time I can push i to 1400-1500, but I can't depend on that always being an option. And the lowest rent I have ever seen in my area (good or bad) is around 1800 a month for a studio or 1 bedroom and that not including everything There are a few options to transfer but not many, Also I hate the job but I guess that's no important. I am not a very skilled person so I don't really have options. so I feel like my only recourse is to try and transfer to somewhere relatively cheaper to live. I would like to stay in the area but it seems there's no realistic option, its not just me either, almost every person I grew up with is in the same position and can't get a place of there own. the only exceptions have been people moving in with their SO's. I don't think there some magical piece of advice that will fix this issue and I am not even sure if this is the right place to ask this so if this should be moved elsewhere, i will. SO my question is basically, is moving my only option? [link] [comments]  |
| Need advice: My dad (61) and minor sister (16) are being evicted and he doesn't know where to go. Posted: 30 Sep 2020 10:59 PM PDT We are in Oregon. My dad's landlord approached him the other day and said she wants the house back to let her son use after the COVID eviction ban is lifted. The problem is my dad is unable to work, has no savings and is convinced his disability is going to stop when he hits 62 and starts drawing social security. Before going on disability his plan was to work until he died. His disability comes from him going into a 6 day hepatic coma 5 years ago. Before that he was an autobody tech. He is also the primary caretaker for my 16 year old sister. Her mom is a deadbeat meth addict and lives in another state completely out of the picture. I gladly offered up room in my house, but he would only take it as a last resort. My grandparents are willing to help him out until my sister turns 18, but that has its limits. What are some options I could point him to? EDIT: Thank you all for your advice. We are not in Portland, but not in rural Oregon, but one of the other cities. I don't want to give more detail than that to prevent doxxing myself. I'm sure you could go through my post history and figure out where I live. I let him know that his SSDI wont end when hes 62, but at normal retirement age. This gave him some peace of mind. Sister is working on getting a part time job. I am helping her with her resume and applications. Between his SSDI and the SSD for my sis he brings home about $2200 a month. He got a really good deal on the house when he moved in and luckily the landlord hasn't raised rent on him since moving in so he is paying the original rent of $1225 for a 3br/1.5ba detached house with 2 car garage. Similar houses go for $1700 in this area. I will admit his biggest issue is his pride and that he immediately jumps to the worst possible conclusions. It took 2 days for him to even speak to anyone after his meeting with the landlord. Again, thank you all for replying and giving me ideas. [link] [comments]  |
| Is it normal to get charged late fees for paying "too early"? Posted: 01 Oct 2020 09:51 AM PDT My mom has a credit card with American Express. She told me that the other day she logged in to check her account and noticed she was charged a late fee. She was confused because she always pays early. She called Amex and the representative she spoke with told her she was charged because she paid too early. I think her payment was due October 3rd, and she paid September 9th or something like that. She always pays early and the September 3rd payment had already been made so its not like they were charging her late fees for that. Is this normal for credit card companies to do? [link] [comments]  |
| Long Lost Stock Certificates Found Posted: 01 Oct 2020 03:48 PM PDT Grandfather passed away last year, he was the type to have ALOT of paperwork, he kept records of everything. Anyways, my Father was looking through another box of his things and found two stock certificates originally bought by my Great-Grandfather in 1917. We've tried to find information on the companies and can't seem to find it anywhere. The shares were bought for a sizeable amount of money in 1917-dollars. The plan for now is to frame them, but my Father and I wanted to know if anyone could be of help in finding out more information regarding these. Thanks! New Orleans Drilling Company (5 shares at $7.00/ea) https://ibb.co/XWwQVJj Michigan Sulpher and Oil Company (3 shares at $100/ea) https://ibb.co/Hp7GJxp [link] [comments]  |
| Paying into state government pension, how much should i put into other retirement investments? Posted: 01 Oct 2020 01:08 PM PDT (23M) As a state employee i'm required to put 8% of my salary into their pension program. I also have access to a 457 plan which can be either traditional or roth. Is the best option to put 7% of my pay into this so that i'm saving a total of 15%? [link] [comments]  |
| Posted: 01 Oct 2020 07:24 PM PDT I recently opened an account with Vanguard and invested the max amount ($6,000) and I am able to invest again in January. My question is when do I stop investing more money? What is the amount I should invest into my Vanguard account? [link] [comments]  |
| Adding someone to my credit cards to help build their credit? Posted: 01 Oct 2020 03:05 PM PDT I saw a tip somewhere that said if you have bad credit, ask a friend to add you to all their accounts to boost your score (but not actually get access). I have a friend who is like a little brother to me and I've been trying to help him boost his score. If I add him to my accounts but don't actually physically give him access to anything, will that help him, and will that have any negative affects, for instance if I go to take him off my accounts? Or will that give him any access to anything? Will his poor credit affect me if he's on mine? My credit score went down but is still over 750. I just figure this in addition to what he's doing now will help him quicker. [link] [comments]  |
| What are some average closing costs for refinance? My bank quoted me 10k Posted: 01 Oct 2020 04:57 PM PDT My bank (territorial savings) quoted me about 10k for my refi from 3.65 down to 2.65 30 years and said that if I wanted to get it lower id have to buy points. From reading on on sub 10k seems ridciously high, is this normal? 420k mortgage hawaii [link] [comments]  |
| Can I ask for some sort of compensation or interest on extremely delayed wages? Posted: 01 Oct 2020 05:30 PM PDT Through 2018-2019 I was working at a small-ish company as a contract helpdesk gig. For most of my time there the pay was regular, but after about a year occasional pay delays would happen. While they would usually get caught up within a workweek, it started to become more frequent and got to a point of pay just running begind by a month or so. Well ultimately back in February 2020 (just before covid really hit) the company went through some downsizing and I was let go, and at that point was behind about two months of outstanding pay. At first they had promised to make small payments which I was fine with, but this didn't last very long before the payments grew weeks, and now months apart. Now they still owe me about a month of Pay, and it's been about 8 months since I was let go. I'm admittedly not a very confrontational person so I let it go for long time. It's been about 2 months since my last paycheck from them, but the management has at least been updating me, but it's only ever bad news that pay is delayed again.. Now obviously with the way the rest of 2020 has gone this has been just awful for me.. I've been working since then and getting another paycheck, but it's even been spotty and I'm completely out of savings at this point. Things have gotten particularly bad recently and I feel like I'm running out of options.. Just wondering what I could possibly do in this situation, and how do I approach it? [link] [comments]  |
| 401k Enrollment error by employer Posted: 01 Oct 2020 05:11 PM PDT It is my second time around with my current employer. The first time I worked there 10 years and I have been back about 2.5 now. When I first came back I asked about retirement benefits and was told that I was ineligible for a year just as a new hire would be. I was transferred within the company just two months from the first location. Second office manager confirmed, you have to wait a year to be eligible. So I contributed to my Roth and saved money in other places throughout that year. Well we under a 401k audit at work right now. I guess my file was pulled and I was called to the office. They asked me to sign a form stating I declined in May 2018 to enroll in 401k options. Obviously this was untrue so I was polite but assertive that I would not be signing that form. I got the threat of we are going to have to call the CFO on this and the administrators. I told them that was fine, I thanked them and said let me know what needs to happen further. Twenty minutes later they tracked me down and said they were going to offer me a check for the employer match missed plus the automatic 1.75% minimum from the employee side. The 1.75% is really just a bonus for me considering I took all my money post tax. I did miss out on a considerable amount of tax benefits by losing a year of 401k contributions though. I normally contribute 12% of my pay each year plus their 2%. Is that the correct offer for them to make to me? What paperwork should I expect them to ask me to sign at this point? I guess I am just a little gun-shy after the backdated declination form and instant offer for compensation after I refused. Thanks in advance and sorry if formatting sucks I'm on my phone. [link] [comments]  |
| Posted: 01 Oct 2020 04:27 PM PDT So I decided to look and see if refinancing my mortgage made sense. I looked up online and found a lender called HomePlus mortgage and spoke with the broker. His breakdown was Rate 2.99% , with no closing cost (appraisal fee waved), on a 30year fixed loan. This would bring my monthly expense down by $245.00 ($2,245 monthly with a rate of 3.9%). Im a first time home owner that closed last Oct 1,2019. Am I missing something? Is this too good to be true not to have points or any closing cost? [link] [comments]  |
| Dispute a credit card charge 8 months later? Posted: 01 Oct 2020 12:00 PM PDT Hi everyone, This is about a (small business) company I have previously used repeatedly without issues. I paid them ~ $3000 in Feb and March 2020 using Chase Ink and Chase Sapphire for a travel experience that was canceled due to Covid. Everything was pushed back due to Covid restrictions and they have been trying to reschedule me, and keep telling me to wait, that it will be fine. I have been nervously waiting. Now the experience I had prepaid for is no longer available with them (a co-owner of company left, opened a new company, and the experience went with them). Has anyone successfully disputed a charge from 7-8 months ago with Chase? It's all due to Covid, so is there anything Covid-specific I can say to get myself longer than the standard 2 months to dispute the charges? Thanks much. [link] [comments]  |
| Old 401k closed before I could get to it Posted: 01 Oct 2020 03:13 PM PDT I had a 401k through an old job that was kept at Fidelity. I've been meaning to roll it over into an IRA for ages and was waiting for a specific event that has now happened. I went to start the rollover process and I waited too long - the account is closed. Fidelity says I need to contact my old plan administrator to find out what happened to the money. The company I worked for is no longer in business. I thought fidelity would be considered the administrator? Any thoughts on where I should start the process to track this money down? Fidelity had an old mailing address for me, so if a check was mailed to me, I would imagine it would be returned? Hopefully? I understand that this will likely be an early distribution since I don't have the cash to put into another account to make it a rollover, and I highly doubt I can find the money in time to meet that window (and I don't qualify for a COVID distribution either). Ughhhh [link] [comments]  |
| Has Anyone Had Experience With Loan Depot? Posted: 01 Oct 2020 04:34 PM PDT Alright, so I'm currently in the process of buying a home with the land included (almost 5 acres of land). The seller of the home is asking for $110,000.00 and wants the buyer to do the repairs. It's a 4bd/3b property and where I live, the price is definitely not bad at all. I have no problem with the repairs, but there's a lot more work that needs to be done than what the real estate agent initially informed me of, which is why I'm looking into getting an FHA 20(3K) Rehabilitation loan. I rent the property I currently live in and unfortunately the renters stopped doing any repair works here, so the house is a potential health hazard (there's mold, floor boards are f*cked up, etc). Had to come out of pocket to replace wiring a few years ago, because this house almost caught a fire. I tried getting in contact with them about repairs, they never sent anyone out so I started working extra hours and saving up money since then to look for a place to live for me and my kids. I contacted a real estate agent and she told me about Loan Depot. When I initially submitted the application, the broker told me and my aunt's combined DTI was too high and my credit scores was too low. I had to get a relative to co-sign with me (she won't be living on the property) due to me being unemployed because of COVID-19 and the only income I have coming in is SSI and UI at the moment. Got COVID-19 back in January and on top of my heart issues, other co-workers contracting the virus and my patients dying from said virus, I've elected to stay out of work for health and safety reasons. I raised them up from 580, 520, and 717 to 690, 637, and 736 within the past few months after paying some stuff down and getting in contact with each credit bureau to remove some things off of my account. I got in contact with the mortgage broker earlier today and he told me that my credit scores are fantastic, relative's credit scores are fantastic, but our combined DTI is still high (it's 50%). He told me I need to pay off student loans, but since I'm in college (I'm doing ASN to BSN), that's nigh impossible. I told him I'd call him back after I talked to my aunt, but as soon as I hung up with him, I got email alerts saying I needed to upload documents (W-2, paystubs, Tax Returns, bank statements, etc). Tried calling him to see if he wanted me to go ahead and upload documents, especially after he said the thing about the DTI, but he didn't answer. I went ahead and uploaded them and was just wondering has anyone had any similar experiences with Loan Depot and if they got approved for the loan they needed? [link] [comments]  |
| Posted: 01 Oct 2020 01:53 PM PDT I got them on a whim a few years ago after doing some survey. I have no idea which one. I tried contacting the individual magazines but they don't have my information. Please help! The Atlantic is so boring! [link] [comments]  |
| Posted: 01 Oct 2020 08:18 PM PDT My wife just started real estate during COVID and her first commission check came in Sept. Looking for advice on how to file quarterly taxes. My understanding is that since her first check came in September we only have to pay Q4 taxes this year due Jan 15th....Question...do we just wait to see what she brings in for Q4 and pay 30%? I've looked at the form 1040-es but it's just over my head honestly. [link] [comments]  |
| Posted: 01 Oct 2020 01:54 PM PDT I recently switched to this physician's office. Over the phone, they alerted me that I needed to take a drug test because it was office policy. I did not have to do this in the last two offices. They would not tell me the cost and said it needed to be taken in a week. They said it would be discussed at the test. I gave a sample in a room and they pointed me to a window. I asked what I owed and the lady in the window asked what I was there for. I told her a drug test. She said, "Well then you are good to go". At this point, I assumed that the test was included in my regular fee or would be added on to my regular bill. I have never taken a drug test before and I am only 23. I guessed maybe at most it would be $70. I do not currently have insurance. Do I have any options here? [link] [comments]  |
| I Need Life Insurance and Don’t Know Where to Start Posted: 01 Oct 2020 06:21 PM PDT My never-wrong-girlfriend-soon-to-be-fiancé is suggesting that I get life insurance for a short time. I'm finally getting around to it. I'm 32. No kids. Ex-smoker but with patches. No health issues from my physical yesterday. I've been dragging my feet for two reasons.
I said something like I don't think I need it or it's not an investment as she claims it is and she responded what the fuck do I know about life insurance and prove her wrong. Well it's true... I don't know anything and I don't even know why I said that. I'm not here to prove her wrong. She's always right. I'm going to get it. I'm just here to get Reddit's recommendation. [link] [comments]  |
| 1099 opportunity and totally overwhelmed by taxes, can someone help me? Posted: 01 Oct 2020 03:33 PM PDT I'm seriously questioning my intelligence after reading about this for hours and still not figuring out how much I would actually be bringing home. If anyone can help me run the numbers I would be grateful. A contracting company pushed me into accepting an offer as a 1099 instead of a W2 because I had no idea what it meant, which is my fault 100%, but that's where I'm at right now, and I'm trying to determine if I need to change course. Let's say the contract is for $67/hr which comes out to $139,000/yr (no extra time off, 261 days), and no business expenses so deductions will be minimal. How much should I expect to take home after a year? I'm aware of the 15.3% SE tax, then there's income tax. Is income tax calculated after SE tax is removed from my income? Before? Any help would be thoroughly appreciated. edit: Showing some work, numbers are slightly rounded: 139,000 - 21,000 = 118, 000 Online tax calculator says my take home would be ~92,000 Edit 2: Florida, single [link] [comments]  |
| Posted: 01 Oct 2020 08:18 PM PDT I've been blessed enough in life that my wonderful parents and grandparents have been able to buy me a beautiful and pristine car. One of my hobbies just so happens to be cars. This car I've gotten is under warranty and I definitely don't want to void that. So the solution would be to buy a project car. A car I can wrench on and not worry about messing up, and a car I can make fast. The one I want is a 2000 Integra LS Sport 2 door. It's 1700 dollars. That may be cheap for a car but it is certainly not for a 16 y/o with no job. I have 800 dollars right now and will be getting more money on Christmas for sure. By then I will likely be able to afford it. But I have a thing for disliking spending money. I don't ever spend over 100 dollars all at once more than maybe once a year, so 1700 dollars all at once is a big leap from that. I can't help but wonder if it would just be better for me to invest in something else with that money and I can always get a project later. I could invest in stocks or put it all in a savings account. I have a portfolio set up that I can invest in. My grandfather is (in my opinion) insanely successful in life and investing. Especially in the stock market. I don't want to be dumb and buy this car and regret it and not have something to fall back on. I realize I am only 16 but the younger you start the more time you have to make mistakes and learn from them and succeed off that. I don't want to regret getting the car but I also don't want to regret not getting it. I feel like it would be smarter of me to invest in stocks or something like that but I've no clue where to start with that. [link] [comments]  |
| Help me math out/options my high apr car loan, and my student loan so I can get out of debt! Posted: 01 Oct 2020 08:18 PM PDT So, I back in feb 2020 I wanted to get a newish car that I did not have the money for, so I financed it. This being said i am in my early 20's and had pretty much no credit, this lead to me having a fairly high apr when getting "guaranteed financing". 8 months later I am looking to make a quick cut way to paying this off and then my student loan after to unburden myself from debt and move out of my parents house. Using this following information what would you guys/girls recommend as a plan forward as the best practice to pay this off. useful information- weekly check after taxes is lets say $580, almost everything i make is money i save besides about, lets say $350 a month for a couple bills and a little bit of spending money. For the car loan- this loan started feb 4th, was $14,162, 60 month loan with a 23% apr, and a monthly payment of $399. I have been paying $500 on this per month so far. the options i can think of is 1.) continuing my monthly payment saving up the payoff amount and paying it off. 2.) refinancing it with a higher monthly payment, shorter term, lower apr. 3.) stay with this company(which is obviously high apr) but just start making a lot larger payments but how much would this save me compared to option 1 of just paying it off in like 4 months all at one time but still having the money in the bank? for my student loan I owe $15,047, with a monthly payment minimum of $104. this is broken into a few different loans both types being subsidized stafford and unsubsidized stafford which I believe the interest rate on these in between 4-5%(currently zerod out on my loan site due to covid putting them into forbearance until dec 31st). so my main question with this one is after the car loan should i focus on paying this off asap, or should i use the chunks of money in a different way that would net me more than the 4-5% interest that this is accumulating? how much money do i save paying this off asap vs paying the minimum over the 10 year length of the loan? Obviously i know its smart to just get out of debt but im curious if theres one way or another its cheaper while working my way out of debt, or once i get to the student loan if im 'wasting' money not using it in a smarter financial way since the interest rate is low on it. Thanks so much for the read/any advice [link] [comments]  |
| Inheritance stock and trust question Posted: 01 Oct 2020 02:17 PM PDT [link] [comments]  |
| Helping Elderly Parents with Bill-Pay Posted: 01 Oct 2020 08:01 PM PDT Does anyone have experience helping elderly parents remotely with their everyday bills? Specifically, parents with some early dementia and mediocre computer skills. The reason we are doing this is that their local post office screwed up their mail and they stopped receiving bills on time. As a result, they did not pay them on time via check and snail-mail like they always do. This is abnormal. I think at this point it makes sense to have online accounts. They agree and have asked for help. Question: Do you recommend bill pay through their bank or setting up automatic payment for their various utilities, phone, internet, etc? They seem to think it's better to do it all through their bank. The issue with that is they will need to log-in to set the amount each month for bills that vary in amount. I'm worried this extra step will be too much given their lack of tech skills. Maybe it will force them to learn? In any case, I'm trying to teach them how to do it vs completely take over their finances. I want to respect their autonomy but also have a system that works. Any tips, wisdom, experience in this area is much appreciated. [link] [comments]  |
| In difficult spot and could use some advice Posted: 01 Oct 2020 05:36 AM PDT In a really difficult situation and could use help please Hey guys to start this off I'll say in a 21M welder I make 19$/h working around 36 hours a week this is about 2$ less than I was and about 14 hours less than I'm used to as well. A few years ago I did something really dumb and ended up getting my self into about 5 thousand into credit card debt and have been making payments but my cards are still maxed out and am currently barely able to make my payments even ending up skipping a few. Because of this my credit is completely shot about 570 and I am in dire need to find a place to live for my pregnant fiance and I. I also pay 300 for a car and another 300 for phone plan which I'm one month behind on both. Also have another student loan that is around 100 that should be starting this or next month and to top it all off I currently owe my parents about 5 grand which is starting to strain our relationship. Every time I get paid I put 100% of it to bills and I mean this literally I have 20$ left and that's for gas and I'm still behind. I've been donating plasma twice a week and we use that money so we can eat I don't know what else to do I'm not even able to keep up with current bills and I owe so many people and have not enough income coming in. Please help I will give any and all information that will help I just feel like I'm against a wall and can't breathe. TL;DR : Having major financial issues and could use some advice to get through it. [link] [comments]  |
| Should I get an unsecured loan for debt consolidation? Posted: 01 Oct 2020 04:06 PM PDT Hey, I hope all of this is clear enough! So I'm 28 years old, I support myself financially (no other dependents) and am carrying ~$12,500 in credit card debt. I had some pretty bad spending habits when I was younger, but now I only use my credit cards in an absolute emergency. The debt is across three cards which are all starting to accrue interest. I used to transfer balances from card to card to avoid paying interest but I knew it wouldn't work forever, and here we are. The only option I can think of is to apply for a consolidated loan. My credit has always been excellent up until recently. I had a score of 800 a few years ago but now I'm down to 709. I always pay my cards early and always above the minimum payment. Here are my current balances and interest rates: Barclays 13.99% $5725 BofA 16.99% $4500 AmEx 15.99% 2300 Which leads me to the questions: do I have a better option besides an unsecured loan? If that is my best bet, should I go through a bank or a lending company? With all of my other expenses, I would easily be able to afford a loan payment of $250/month but probably no more than $300/month. According to CreditKarma I am eligible for several different loans but they require payments of at least $400/month which is not possible for me. Any and all help is very greatly appreciated, and please let me know if I missed anything. [link] [comments]  |
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