Personal Finance My grandma gave her social security number to a random scammer who called. What steps should she take? |
- My grandma gave her social security number to a random scammer who called. What steps should she take?
- Learning Financial Responsibility For An Adult.
- Is it possible to donate money anonymously to an individual without actually knowing their bank account info?
- Advice: Use a different credit/debit card for recurring payments than day-to-day transactions
- Employer jerking me around after promotion
- 401k -Selecting Funds.
- Trying to figure out the best way to start investing
- Loan officer discloses info of my loan to someone I referred them
- ~$20k left after maxing out Roth IRA and HSA. $1.5-2k left over each month after budgeting. The main goal is to save for down payment -- suggestions on how should I invest this?
- Sudden 49 point dip in credit score related to credit usage that I paid off
- Moved to a new state at the end of 2017, and just got a notice I owe $3K in state taxes from that year. Could this be a mistake?
- Questions after a car accident
- I have some CAD and I'm not sure how to exchange it to USD (I live in the US) and I don't see any info on my current situation.
- How much should I put in my employer 401k
- 21 Year Old About To Graduate College(Looking for Financial Advice)
- Investing from a fluctiating currence different than USD. What is your opinion?
- Wayfair refuses to communicate with their credit card company, and we keep getting late notices (and interest) on charges we don't owe. What can we do?
- Financing a car below $6000. What are my options?
- Am I using Roth Ira/Mega backdoor correctly?
- Loaned my 2nd vehicle out, how much would you charge?
- Is having a life insurance policy worth it when you have an employer paid one also?
- Swapping credit card
- Buying the lowest priced house in the best neighborhood... Good investment?
- Tracking Food Spending (I'm spending WAY too much)
| Posted: 31 Oct 2020 11:37 AM PDT Grandma is in her 90s. Someone called and asked for her social security number... so she gave it to him. Sounds like potential identity theft to me. What steps should she be taking? [link] [comments]  |
| Learning Financial Responsibility For An Adult. Posted: 31 Oct 2020 06:17 PM PDT I was never taught how to be financially responsible when I was young. I will spend everything I get and rack up debt whenever possible. I am now 35 years old with two kids living in the cheapest possible 2 bedroom apartment, and am super far into debt. Suffice to say that I feel ready to turn things around. What are some learning tools, websites, apps, books etc that would be a good place to start learning about financial responsibility and personal finance? I'm ready to take this on!! [link] [comments]  |
| Posted: 31 Oct 2020 02:22 PM PDT Let's say I want to donate a specific amount of money to some random person that I know very little about, save for perhaps the most basic information (name, state of residence) - is there a legal, respectful way of sending the money straight to THEM but without them knowing who sent it? [link] [comments]  |
| Advice: Use a different credit/debit card for recurring payments than day-to-day transactions Posted: 31 Oct 2020 07:35 AM PDT There are advantages to using a different credit or debit card for recurring bill payments than daily transactions. Fraud is significantly more likely to occur with a card that is often used out in the wild or on random website purchases than a card only used for a specific set of recurring bill payments. Every time you hand a card to someone they could easily take pictures of the front and back and try to use it later or it could get skimmed (less common these days). If you use the same card for everything then when fraud happens and you have to have the bank disable the card and send a new one you have to re-setup all the recurring bill payments with the new card and risk payments being declined if you overlook any of them. Use a separate card for all the recurring bill payments and you won't have to mess with them if the daily card has fraud activity. Might not seem like a big deal if you only have a couple monthly bills but as an adult and home owner I have ~15 or so monthly bills and setting them all up with a new card is a PITA. Just yesterday my bank contacted me about a fraud alert because my daily card had been used for a suspicious Sams Club online purchase (I don't have a Sams club membership and never shop there). Had the account frozen and new card sent out and don't have to do anything else since my bills go on a different dedicated card. For the same reasons it's best to not use a debit card at all for daily transactions. If fraud occurs and the bank doesn't catch it beforehand then your money is gone from your account until they fix it. On a credit card it's the banks money being taken. [link] [comments]  |
| Employer jerking me around after promotion Posted: 31 Oct 2020 07:37 AM PDT I work for a large corporation. My current role, I have a company provided car and work on site with different businesses and consumers at their place of business. My work day runs from 8:30 (leaving my house) to 4:30 (getting home). I recently came across a position with customer relations that is all by phone. Our company has stated that, at minimum, all non-essential office employees are to work from home through June. My offer letter for this position put me at my "home office" about 10 minutes from my house. The building is basically empty outside of a few random people who do different jobs. There isn't much reason to be at the building even with no Covid. This new position pays me about $5,000-$7,000 more a year depending upon incentive. I'm supposed to start Monday, yesterday I got a call from my new boss. She stated she wanted me in a city 45 minutes away for my entire 3 months of training and then for the position itself afterwards. This was never mentioned during the interview process, and remember my offer letter put me in an office 10 minutes from me, and Covid makes my presence non-essential. I informed her of this, she said she would call staffing and see what was up. I don't blame her because we never spoke through this entire 2 month process, I was assigned to her team at the last second. My question is, what happens if they demand me to work from the city 45 minutes away? I didn't agree to that, didn't negotiate my compensation with that in mind. I also plainly don't want 1.5 hours of drive time in addition to the cost associated. Obviously every company if different, but where should I start with this if she comes back and tries to fight me on it? [link] [comments]  |
| Posted: 31 Oct 2020 05:51 PM PDT Hi everyone, Looking for some tips on selecting what kind of funds to keep in 401k portfolio. The one that my company suggests by default has estimated 6% return when there are many other funds which have more than 10% returns over the years. It's understood that 401k investment is long term and more risk returns more rewards but I still can't decide on good mix. With recent market fluctuations it's turning to be challenging to decide on good mix. [link] [comments]  |
| Trying to figure out the best way to start investing Posted: 31 Oct 2020 03:32 PM PDT I have about 3 grand right now and will have at least another 950 a month to invest in on top of savings. I'm wondering what to put this investment money into right now because eventually I want to start investing in real estate once I get enough. Just getting started in investing. Idk if I should go into mutual funds or try and do something else. Any direction would be appreciated thank you [link] [comments]  |
| Loan officer discloses info of my loan to someone I referred them Posted: 31 Oct 2020 04:01 PM PDT I am almost finished refinancing my house. I was talking to one of my friends about it and gave him my loan officer's contact information. The friend contacts the loan officer and the loan officer said "Well, I can't get you the same rate because your friend has a house worth $XXXk, which he owes $XXXk on." I understand that the LTV is different but I didn't really like him disclosing, to someone I referred to him to, the specifics of my loan. I get that the purchase price is public record but sharing that and what I owed on my house felt like a breach of privacy. Am I wrong? It feels wrong, but I work in healthcare, so maybe I'm just too sensitive about private information. [link] [comments]  |
| Posted: 31 Oct 2020 04:52 PM PDT So yeah! I have ~$20k right now in High Yield Savings (.66%). Maxed out my Roth IRA ($6k -- invested in VTSAX) and my HSA ($3550 -- invested in SP500 Index Fund). I usually have about $1.5-$2k left over each month after budgeting. I'm looking to save towards a down payment on a nicer condo/townhome as a primary residence. I would be looking to save anywhere from $40k-60k for a total of $60k-80k for this. Is it worth investing all that I have in order to get to this goal quicker than a high yield savings account? Just looking for some suggestions to make better use of this money, so I can reach my goal quicker, thanks! [link] [comments]  |
| Sudden 49 point dip in credit score related to credit usage that I paid off Posted: 31 Oct 2020 02:39 PM PDT I've had a 732-736 credit score since the beginning of the year. Despite COVID, being laid off in May, almost maxing out my credit limit, and other factors my credit score remained the same. Since getting severance in June and getting my job back in July, I kept my credit usage at <5% to try to be a good noodle. However, my mom was visiting last month and I overspent a little and used my credit card to cover some expenses while she was visiting. I knew once I got paid, I could pay off my credit card and be back to a near-zero usage and I did. Come today, I get an alert from my bank (Chase) that there has been new activity on my credit report. I go to check the credit journey section of my app and I've lost 49 points overnight related to my credit usage. As of today, my credit usage is <$50 of my $500 limit but the report is basing it off of 79% usage. During this year when my credit score still 732, I had been using 80-95% on a semi-regular basis. Did I screw myself by not using my credit card for a while? How can 79% usage that I almost entirely paid off drop me 49 points? [link] [comments]  |
| Posted: 31 Oct 2020 12:16 PM PDT In July of 2017, I was working in Wisconsin for a Wisconsin based company. I accepted a new Job that would begin in October of 2017 based in Minnesota, so at the end of August I moved to Minnesota in order to finish my last month of working for the Wisconsin company remotely. This was a company owned by the parent company that I worked for, so the benefits just rolled over, but the company name changed. So in October of 2017, I officially started working for the Minnesota company (technically HQ is Arizona, but they had a MN office). I'm usually great about doing my taxes, since I always get money back from both the state and federal returns - can't say to no to that (i.e. last year I got $750 back in my state return in MN). Well I just got a notice saying that I didn't file my 2017 return for Minnesota, so they filed one for me and I owe $3,513. Looking back at my H&R block, it looks like I didn't file one for Minnesota, but my Federal one was completed. Obviously I'm going to try and talk to them to get more information, but I'm wondering if anyone knows what may have happened here. Since I've always gotten money back on my returns, and only lived in the state for a few months. As for deductions, I've always taken the default. That year I was single, no dependents, and making around 75K. If it is a mistake, do I have any hopes of getting it over-turned? Thanks for your help! Edit - Full Tax Notice numbers were: (Period 12/31/17) Individual Income $Tax: 3,513 Penalty: $341 Interest: $314 Payments/Credits:$1073 Balance: $3,096 [link] [comments]  |
| Questions after a car accident Posted: 31 Oct 2020 04:40 PM PDT Hello! My mom was in a car accident 2 days ago and totaled her 2019 car. She is fine no serious injuries, she was driving straight west bound through an intersection a car turning left facing east bound heading north turned into her vehicle and caused her to spin till the light pole stopped her. From the looks of it he will be at fault. He has insurance but is 17, I don't know if that changes anything. She has full coverage and gap insurance. So here's some questions I have...
Thanks for taking the time to read this! If you have any advice I appreciate it! [link] [comments]  |
| Posted: 31 Oct 2020 04:29 PM PDT Sorry if this is a dumb question but this seemed like the best place to ask. I have $600 CAD that I'd like to exchange to USD but I only see people talking about higher sums of money, traveling, investing, etc. Was just curious how I would go about it. Thank you! [link] [comments]  |
| How much should I put in my employer 401k Posted: 31 Oct 2020 04:20 PM PDT So my company will match 3% of my contributions or I can go up to 5% but it will only match .50 cents. Would it be worth it to do the extra 2%? Or is 3% fine? I have a roth right now but once my full time hours start I will start putting 500 a month in their. Any advice on specific investments or things to look out for. [link] [comments]  |
| 21 Year Old About To Graduate College(Looking for Financial Advice) Posted: 31 Oct 2020 05:46 PM PDT 21 Year Old About To Graduate College(Looking for Financial Advice) Hello and hope all of you reading this are doing well. I'll get straight to the point. I am 21 years old male living in my moms apartment as I attend Rutgers University for a double major in Psychology & Communications. I only have around 8.5k of loans since I was a RA for the 3 years which paid for my room and board. Since Covid-19 all my classes have become online classes which has allowed me to get a job in my hometown. I work at a UPS store and make 11$/hr and work around 32 hrs a week. I get paid bi-weekly and make 620$ without tax's. I am under a I-9(independent contractor) until my 3 month probation period(to see if they will keep me after 3 months). My only bills are phone bill, Internet Bill, and monthly subscriptions like Amazon prime and Spotify. Also have around 3k in my bank and around 1.2k of credit card payments that need to be made. My questions are:
2.How to I navigate my job and the potential job searching after graduating?
[link] [comments]  |
| Investing from a fluctiating currence different than USD. What is your opinion? Posted: 31 Oct 2020 07:53 PM PDT I will open an investments account in the next weeks. I want to learn quite more. I am 24yo from Colombia, in south america. Overall, we have a good economy. The only thing is that our money, the colombian peso (COP), is quite devalued to USD or GBP. For me, investing could be like a double investment, first in the currency and second in the portfolio. My thoughts are that, in any case, I will have the money invested there for the long term so I should not be worried on the short term fluctuations (just like any other investment itself). My worry is that in the future, COP will be evaluated again and I may lose in that exchange. I think that if that happens, I'll just keep investing like if I invest in a stock that in the future decrease, just invest more. Another option is to have an account on paypal for example where I can have my base money for ever. In the long term, I want to open an account on the US and make investments there. At the end of the day, I will not take any of that money back to my colombian savings account in the short/medium term. My next job I want it to be remotely for a company based in the US and my income will be on USD, I will bring to COP just my monthly expenses +10%~ for emergency and the rest will be on the investments accounts. I really hope it won't be necessary to bring it to COP and then moving it back to USD. What do you think of this? How i should manage this? Thanks in advance! [link] [comments]  |
| Posted: 31 Oct 2020 05:21 PM PDT So my mother recently had a Wayfair order cancelled. She opened up a Wayfair credit card (big mistake) and the order keeps getting billed to us with added interest. She's tried communicating with Wayfair multiple times over their credit card error, and even opened a BBB dispute. Wayfair is saying that "it's the[ir] bank's problem" (Comenity) and we need to take it up with them. After a few weeks of telling us they'll remove the charge (over the phone), they refused to give us an email to submit the evidence of cancellation and instead tells us to mail the info to a PO box. I'm afraid they will just say they never received the info. Meanwhile, my parents are getting late fees and bills for this charge we don't owe, and never paid for. My mother closed the credit card immediately but it hasn't stopped the mail. My parents are at their wits end as every form of communication over the last few weeks ended with silence and a dead end. If the credit card refuses to cooperate, what do I do in this situation? And how do I make sure this "late payment" doesn't affect their credit score? [link] [comments]  |
| Financing a car below $6000. What are my options? Posted: 31 Oct 2020 07:16 PM PDT Hello, I have enough cash currently to pay for a car for my niece, but I'm about to move to a new state and have to spend cash on an engagement ring. I don't want to put that much cash into a vehicle at the moment and was hoping to finance the car (with a down payment of course) so she can "make her payments" by doing chores and things around the house. I am a member of a credit union, but I don't use it for anything besides my mortgage. Should I start there? Maybe a small personal loan. I'm not sure where to start. Any advice is appreciated. [link] [comments]  |
| Am I using Roth Ira/Mega backdoor correctly? Posted: 31 Oct 2020 06:43 PM PDT 2020 will be my first time saving for retirement and I would appreciate some help on this. Does the following plan make sense from a legal and accounting perspective for 2020? I have two Roth IRA accounts, IRA 1 and IRA 2, a 401k and a Traditional IRA. My employer allows for mega backdoor rollover. 6000$ direct contribution to -> Roth IRA 1 Thank you for your inputs [link] [comments]  |
| Loaned my 2nd vehicle out, how much would you charge? Posted: 31 Oct 2020 06:43 PM PDT The first time I loaned my vehicle to this person for a week or more, and it was free of charge. However this is the second time this year they've asked to use it. And now it's been much longer than I was told they needed it this second time around. I told them at this point I expect to be financially compensated. We are not close friends or anything. Just have known each other for years. Anyway, in reply they asked me to just let them know what I think is fair to charge. But I have no idea what is fair to charge an acquaintance for using my second vehicle. Any advice is welcome. Edit: we both have decent jobs still during this pandemic [link] [comments]  |
| Is having a life insurance policy worth it when you have an employer paid one also? Posted: 31 Oct 2020 07:42 AM PDT My brother in law sold life insurance so I got stuck signing up. I pay $100 a month for it but I think it's the kind that I can cash out at like 65 (I'm 32 now.) Is it worth it to pay into it when I also get the standard policy from my employer and assume will continue getting from any future employer as it's pretty standard in corporate health benefits? Thank you for any input! [link] [comments]  |
| Posted: 31 Oct 2020 06:08 PM PDT So I have a chase CC which is the longest CC I have got it's got zero balance and a fee. If I ask chase to swap it to a non fee card will I lose my credit history and take a hit in my credit for closing a long existing card. [link] [comments]  |
| Buying the lowest priced house in the best neighborhood... Good investment? Posted: 31 Oct 2020 07:04 AM PDT We are thinking of putting in an offer on a house that is 290k in a neighborhood full of houses that average 500k. We make 125k a year. This house is at the top of what we wanted to spend. We can put 20% down. We have probably 10k in various debt (credit card, student loan). This house is low in price because it needs a new roof which would cost us probably $18,000 on top of the mortgage. Would this be a wise investment since the houses in this neighbors are so nice? [link] [comments]  |
| Tracking Food Spending (I'm spending WAY too much) Posted: 31 Oct 2020 05:38 PM PDT If you were to track every aspect of your food spending, what categories would you track? I've been tracking my monthly spending for about 2 years, and I've always tracked food in three categories. Groceries, Fast Food and Eating Out. But I want to get way more specific in my food spending tracking. I'm making a whole new spreadsheet for it because I noticed the total of those three categories being... well over $500/month. Which I realize is insane for one person. With most of it in my Groceries category (I don't eat out much and the fast food category is usually coffee). I'm thinking of keeping all my food receipts and itemizing them in a spread sheet so I can see exactly what I'm spending so much darn money on. But if you were to track even more than that on your spreadsheet, what would you track? [link] [comments]  |
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