Personal Finance Getting kicked out at 18 and my care taken |
- Getting kicked out at 18 and my care taken
- This might be the dumbest question ever (sorry): How do you get a car?
- Should I spend all the savings I have on braces?
- Mortgage Lender Pulled a Hard Credit Check On Me and Dropped My Credit Score Without My Consent
- Did someone pay off my mortgage, am I misunderstanding, or is there fishiness afoot?
- Claiming an adult sibling as a dependent, what qualifies as proof?
- I'm trying to live on my own for the first time, should I own or rent?
- My Wife's Rare Cancer and my Undiagnosed Birth Defect Has Ruined Us Financially! We need advice!
- Looking to open some sort of financial account as a gift for my future godson
- No BS cost of living calculator?
- Trust fund access
- Wife passes away at age 64. Can husband get benefits?
- I haven’t been receiving a monthly cell phone reimbursement that I was supposed to be collecting for 3 years. Should I expect back pay?
- Budgeting program
- Mother on SSI selling her home
- Can my wife file for bankruptcy without it affecting me?
- Should I take out a loan for my masters?
- What happens to income tax when paying back a relocation bonus?
- Tax Question Full-time School & Work
- Does it make sense to take over GF's car (buyout from her lease)?
- Thoughts on changing the due date to effectively change the billing cycle of a credit card statement?
- Struggling To Finish College. What Have Those Of You Done For Money Without A Degree?
- Credit card debt forgiven after death?
| Getting kicked out at 18 and my care taken Posted: 08 Nov 2020 05:43 AM PST I'm tagging as housing as that is my main concern at the moment. Kinda freaking out rn, I'm still in high school. It's my 18th birthday and parents are taking their car back as well letting me know it's about my time to go. I'm STILL IN HIGH SCHOOL, and have luckily been working my ass off so I at least have a few thousand saved up and do have a stable job (although not the highest grossing). But I have NO credit, I live in Texas so apartments aren't too pricey, but I would NEED a roommate and have no idea as to how I would go about getting one. I don't mind buying a bike and simply using that too get around since my school, work, and hopefully place of living would be within a 5 mile radius of each other. Although the path is on a highway and I don't know biking laws on highways tbh, but guess I'll try it until someone says something (if they do). So what do I do? I'm so lost, I'm so confused, I just need some advice. [link] [comments]  |
| This might be the dumbest question ever (sorry): How do you get a car? Posted: 08 Nov 2020 04:09 AM PST Hi! I apologize if this is an annoying question, but no one has ever explained to me the logistics of buying/financing/leasing a car. I am a college graduate, who moved to a new city for my big girl job without a car and eventually, I would like to get one due to where I am living. I make decent money, but not enough right now to pay for a car, insurance, parking,etc. but I am trying to understand the different ways to get a car (i.e. car loans, leasing, buying pre owned, etc). What makes the most sense (eventually), given my current situation? We get raises and bonuses at year end, so I am preparing to better understand my options. I would think doing a car loan on a pre owned vehicle makes the most sense, but from your experience: what is that like? what have been your monthly payments? what did you do in a similar situation and what did you learn from it? Thank you in advance! Just trying to eventually make the most responsible decision when the time comes.: ) [link] [comments]  |
| Should I spend all the savings I have on braces? Posted: 08 Nov 2020 11:08 AM PST Hi there, I'm a 19 year old girl who has been quoted $3000 for braces. I have about $3400 with $2000 of it put in some bonds. My teeth have always been an insecurity of mine and I specifically worked part time jobs for the whole year just to save $3000 for this. And yes, I started the year with $0 in savings and saved this much specifically for braces. But now that I have enough, I can't seem to part with the money because it's technically 'all I have'. I told myself that this $3000 is an investment for myself and that braces are only going to get more expensive in the next few years. Furthermore, it's going to be a small amount compared to what I'm going to make as a doctor in future. Yet, I can't convince myself to part with the money. Any ideas how to convince myself and whether this is even a good idea in the first place? I'll be getting paid $1300 for my part time work this month and will probably be getting $1300 per month for December and January too since my contract lasts till then. Is this worth it? Please convince me it is because I just feel so sad about parting with the money that I specifically saved for this. For now, I made a first appointment with the orthodontist on 29th November that costs about $200 for some X-rays to be taken as well as the consultation. I feel excited yet worried. Is this normal? Is this a smart choice? Context: I'm a medical student who is going to graduate as a doctor with some student loans to pay in future. [link] [comments]  |
| Mortgage Lender Pulled a Hard Credit Check On Me and Dropped My Credit Score Without My Consent Posted: 08 Nov 2020 10:36 AM PST It's a bit of a messy family situation but I'll keep it short and stick to relevant facts.
So that's gotta be some kind of malpractice. No way is that legal. He's a family friend so I get he probably felt comfortable with us, but that ain't cool. My brother either lied or misrepresented something because I wasn't on-board. I was gonna call the lender tomorrow and tell him to remove that credit check from my history. Sound like a good idea? Or is there a different route I should be taking? [link] [comments]  |
| Did someone pay off my mortgage, am I misunderstanding, or is there fishiness afoot? Posted: 08 Nov 2020 09:13 AM PST My ex husband and I divorced five-ish years ago, and it was...fairly acrimonious. His family felt awful about what happened. We signed the paperwork to purchase a house on the literal day after he told me he wanted out. I spent the next several months refinancing the loan to get his name off of all the paperwork, and it has been mine ever since. I have since remarried, but his name is on none of the paperwork. Today I received in the mail some loan paperwork. It is from Nationwide Title Clearing, dated October 23rd, and it reads: Dear Borrower(s): Please find enclosed the original mortgage documents for the above-referenced loan, which has been paid in full. These documents should be retained as proof that your mortgage loan has been satisfied. Thank you for the opportunity to service your loan. Attached was all the original loan paperwork, with my and ex's signatures on it, stamped by the superior court in my county, etc, also has a red stamp that reads PAID IN FULL 11/1/2016 (which i assume is a reference to the refinancing), but it's all the original paperwork. Currently, Fifth Third Bank owns our loan, so I called them. They're obviously closed today because it's Sunday, but their recording says our next loan payment is due on [date]. Also, no one reached out to me to say, Yo, we're paying your home loan (although that isn't beyond the realm of possibility. my ex father-in-law, who is a genuinely good man and whom i miss, comes to mind). It's been suggested that perhaps ex-husband requested info from the bank to prove that he doesn't owe on the original loan, but (a) wouldn't he have given them his address and (b) why would they send the original security deed back? I now have the security deed with my signature on it, no photocopy, in my hands. What is afoot here, my friends? Did my ex's father pay off our loan? Are we being scammed? Am I having a fever dream induced by the band competition I was at yesterday? Edited for some clarity on a couple points. [link] [comments]  |
| Claiming an adult sibling as a dependent, what qualifies as proof? Posted: 08 Nov 2020 06:21 AM PST I've housed my adult sibling for the majority of this year. They have no income this year. I've paid for everything from rent, utilities, food, even a medical bill of theirs. I've done the IRS questionnaire and they are eligible to be claimed as a dependent for tax purposes. However I don't have any documentation that they are living with me. That has not been a priority or even a thought until I realized there might be some tax benefit to my situation. What kind of proof is required to claim a dependent like this? I believe my claim to be legitimate, but if I were asked to provide proof today, I honestly don't know what I would submit. [link] [comments]  |
| I'm trying to live on my own for the first time, should I own or rent? Posted: 08 Nov 2020 08:20 AM PST I (27f) just got out of long term relationship and moved back in at my mom's. My mother and I don't have a healthy relationship and my now ex is also my next door neighbor so I'm trying to move out ASAP but I will stick it out in order to save enough funds. I work 2 jobs, 7 days a week and I project to end up with, at the very minimum, 10k by May or sooner. Should I invest in a condo seeing as I want to put my money towards something I can own and sell/sublease one day, or should I just rent until I find a home/condo that I know I'll love and not purchasing under a time crunch. For details I currently live in the south suburbs of Chicago, I have good credit (738), I don't mind staying in the suburbs as my main job is near my home but I wouldn't mind living closer to the city as I go to school there(don't know when in class sessions will return though due to covid). I would rather rent in the city and own in the suburbs due to high Chicago taxes. Any advice will help!! [link] [comments]  |
| My Wife's Rare Cancer and my Undiagnosed Birth Defect Has Ruined Us Financially! We need advice! Posted: 07 Nov 2020 01:17 PM PST Hi everyone, sorry for the long post but my wife and I are in some dire need of advice and am hoping all of the educated minds in here can offer an opinion. Unfortunatley, my wife and I were dealt a pretty crappy hand in life. I haven't worked since the beginning of 2019 due to a birth defect that ravaged my body. I've had multiple surgeries (including major thoracic) to correct it and am now stuck in chronic pain for what will be the rest of my life. I was a high school teacher before this and there is no way the pain would allow me to do that due to it being incapacitating 24/7. 10 minutes on my feet turns into excruciating pain. I currently go in front of a judge on Tuesday for disability. I have been teaching online for short periods of time, but the money averages to about $11.00/hr. and I can't do much. At the end of 2019, my wife was diagnosed with Grey Zone Lymphoma, which is a rare type of cancer. Luckily she went into remission back in March and went back to work but after taxes and insurance costs she makes about $25,000 a year. This is the only income we have. We both own cars and will probably sell hers, but we owe more than its worth. Same with my vehicle, but mine is more reliable to get us around so we are looking to keep it if possible. We cannot afford rent anymore and are now struggling with buying groceries. Our credit cards are maxed and haven't been paid in months, our medical debt is outrageous and we can't pay student loans. We luckily rent from her grandfather and he hasn't been asking for rent, but doctor's say he will likely pass away within the next year due to his multiple heart attacks. In his will, is to sell the home to family up north who are looking to sell it and push us out. Once that happens, we will likely move back in with our parents at 28 years old. We are absolutely lost at what to do. Is bankruptcy the correct option in this scenario? We have thought about waiting to see if I get approved for disability and agreeing to a settlement with whatever the backpay is. However, I am not confident I will get approved at first and if I do, the backpay may not be enough. I have always been a hard worker. I worked full time while completing my Bachelor's degree in just 18 months. I had taught for 4 years and was (not to brag) a pretty great teacher. I was very proud of this and have been incredibly sad that I cannot continue to do what I love.. Can you offer me any advice on what steps I should take next financially? Thanks! [link] [comments]  |
| Looking to open some sort of financial account as a gift for my future godson Posted: 08 Nov 2020 04:36 PM PST I am 28, pretty stable financially, and have a godson on the way at the end of this month. I would like for him to have a little money to use when he turns 18 for paying for college, traveling, or maybe to use as a portion for a down payment on a house. My financial advisor recommended 3 potential options: a 529 plan, a CVLI, or some sort of mutual account. I would be willing to put down up to $2K on principal and support it with $300-$500 per year for additional investment. I am leaning away from CVLI because I think it is a little too personal. Nothing sexy about death insurance right? Anyone have any additional suggestions or experience in this situation? [link] [comments]  |
| No BS cost of living calculator? Posted: 08 Nov 2020 06:08 PM PST Tomorrow I will be negotiating a job offer that will require me to move to northern Virginia if I accept. I would like to back up my salary position with some firm cost of living difference figures. I've visited a few calculators online and get wildly different results. Can anyone recommend a good resource? Are there calculators recruiters and HR folks use for this? Thanks! [link] [comments]  |
| Posted: 08 Nov 2020 06:05 PM PST So my dad is terminally ill and my aunt just told me he told her about a trust fund he made for me and my brother. She didn't get lots of info since he can barely speak. I don't think my mom knows about it either and I don't trust her to give us the money. Is there a way for me to find it since it's mine? I'm hoping I can get him to tell me something more about it before he passes. [link] [comments]  |
| Wife passes away at age 64. Can husband get benefits? Posted: 08 Nov 2020 05:27 PM PST I know its hard to say without all the specifics but I will do my best to provide details. Just trying to help a local gentleman figure his finances out. Wife passed away 7 years ago. She was 64 at the time. She did not work, and had a small amount of social security (roughly $600 per month) coming to her at 70. She never got to collect a dime. Her husband, living on a small income is now collecting social security (roughly $1k). After reading this through subreddit some, I was curious if there was potential for him to receive some of that benefit that his wife never received. Any input is appreciated. This is in NJ. He is now 72. [link] [comments]  |
| Posted: 08 Nov 2020 07:30 PM PST I work in IT and just found out from my boss that everyone else in my department has been getting a monthly $100 for cell phone reimbursement. This is apparently written in our employment contracts. I have been with my employer for 3 years and have never received it. He acknowledged that I should receive back pay for all the missed years, but I'm nervous that our finance department will deny it. How should I handle this? It totals to almost $4000 and I feel entitled to this money. [link] [comments]  |
| Posted: 08 Nov 2020 05:09 PM PST I am trying to get suggestions for which budgeting software would work best for our situation. I looked at the sidebar for suggestions, but without trying them all individually, I wanted to see if any of you good folks could offer feedback😁 I would like to find a program that will allow me to budget integrating our checking account and credit card. We use our credit card for our daily spending and large purchases (groceries, gas, etc). We pay off the balance at the end of each month. I prefer using the credit card because of the additional protections, and we earn around $200 in bonus cash. Our checking account is used for monthly revolving bills (mortgage, insurance, etc.) I did use YNAB, but for the past 6 months, they were having issues syncing with my bank. I tried Mint and HATED it. So I am on the search for a new program. Thanks for any ideas!! [link] [comments]  |
| Mother on SSI selling her home Posted: 08 Nov 2020 06:59 PM PST My mother is in the process of selling her home in Texas. Her only source of income is social security, has about 7K in savings, and only debt is car loan at 15K. She owns the home outright (my father passed away 3 yrs ago). She will purchase a new home closer to family; my question is will this effect her SS income and will she need to file a tax return? From the sale/purchase of the home she should have about 20K left over. [link] [comments]  |
| Can my wife file for bankruptcy without it affecting me? Posted: 08 Nov 2020 09:41 AM PST So my wife has substantial credit card debt, and with covid and everything her industry got creamed. I was wondering, if the cards are in her name, can she file for bankruptcy alone without it affecting my credit? [link] [comments]  |
| Should I take out a loan for my masters? Posted: 08 Nov 2020 04:36 PM PST I'm considering going back to school after being out since 2011. The goal is to increase my income and pivot into a different career. The field I'd be going into would definitely be a pay increase from what I'm making now, but not necessarily a substantial a one. I already have around 10k in credit card debt that's been hanging over my head for a few years that accumulated when the company I worked for unexpectedly went under. Frankly, it scares me to take on anymore debt but I don't think I can pay for classes 100% on my own, and while I'm applying for scholarships, it's a competitive field. I wouldn't want to take on anymore than maybe 5k in debt if I did end up applying for a loan, but I'm just not sure it's the best thing for me to do right now. TLDR: 10k in debt from unemployment a few years back. Want to return to school for masters that will put me in a slightly higher paying job but I'm afraid of (and not sure if it's worth) adding to the debt. [link] [comments]  |
| What happens to income tax when paying back a relocation bonus? Posted: 08 Nov 2020 05:56 AM PST This year I took a job in a different city and received a relocation bonus of $10K net and around $15K gross. Unfortunately things aren't working out and I'm looking to leave. The offer I signed states I owe the gross amount back if I leave before a year. What happens to the income tax that I will pay back to the company? Do I get to deduct it from what I owe overall for the year? [link] [comments]  |
| Tax Question Full-time School & Work Posted: 08 Nov 2020 03:31 PM PST Hello all, I am 20 years old and have worked full-time through 2020 and have also attended school full-time the whole year. I currently make 40k pre-tax. I live at home and my parents pay all housing and food costs. Now as far as taxes I'm not sure if I would have to file as dependent or independent. Also how would such filing affect my student aid? Thanks. [link] [comments]  |
| Does it make sense to take over GF's car (buyout from her lease)? Posted: 08 Nov 2020 05:42 PM PST So the car is a chevy cruz 2017 with 20,000 miles. The car is fairly tiny to normal size (we live in NYC, so needed) and I have a backup camera. Buy price is 13,000. My only requirements really are that is has a backup camera.. I have 7K in debt from a credit card that im paying off (comfortably) and I make 83K a year. When all expenses are paid off I have about $1400 left (I buy food with this money), I contribute to a pension and 100 bucks a month to my 403B. Wondering how much of a hassle its going to be, Bank of America already said my name needed to be on the lease to get a loan. My gf already has the lease paid, but not has a very low paying job so I am not sure she will be able to get the loan herself, otherwise I would just have her do that and pay her. Should I take over the car myself or perhaps look for another car and try to get a loan from a dealership? [link] [comments]  |
| Posted: 08 Nov 2020 05:20 PM PST Hi members! I just joined this thread hoping to get some answers with my credit card situation. So I've had my first credit card for over a year and a half now and wanting to change the due dates so its more "seamless." My goal is to make my billing cycle end at exactly at the end of every month. Since my billing cycle ends 6 days after my due date, I'm planning to assign my due date on the 25th so that the billing statement ends on the 31st. The problem, obviously, is that not all months end at the 31st. Is there a better way to achieve said goal? I just find this much easier to keep track mentally so I can use my grace period more comfortably. Thoughts? [link] [comments]  |
| Struggling To Finish College. What Have Those Of You Done For Money Without A Degree? Posted: 08 Nov 2020 05:15 PM PST I'm in my last semester and I'm probably not going to pass two of my classes. However, I need to start making money and frankly, I don't see the value in college anymore. Everyone pretty much has a degree so what's the point, and...employers are just looking for people with 1-2 years of experience for entry level positions. What kind of bs is that? Plenty of people are financially successful without degrees anyway. I've also heard that everything is shifting to a gig economy. Maybe picking up multiple ongoing gigs is the move? Multiple streams of income has to be better than just one with a job right? [link] [comments]  |
| Credit card debt forgiven after death? Posted: 08 Nov 2020 10:50 AM PST My father-in-law is losing his battle with cancer and currently on hospice. Mother-in-law will be surviving him. They have zero assets (no home, car worth approx $1500). They are living on social security and his retirement. They have separate credit card debt. He has approx $30K and she has approx $10K. I read that since she is not joint on his cards that the debt may just be eliminated upon his death and not passed to her, which would be a blessing given that she is not in a financial situation to pay this off and we will be helping her out. The complication is that we live in Washington state, which is a community property state. My understanding is that this debt may be passed to her as part of his "estate" and any assets will be used to pay off his debts. However, since they have no assets, I am trying to determine if this will just be eliminated. Any recommendations or resources to read about this would be much appreciated!! [link] [comments]  |
| You are subscribed to email updates from Personal Finance. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment