Personal Finance Target physical gift card scam |
- Target physical gift card scam
- Pound wise, penny foolish?
- My car got hit on my residential street while it was parked safely and I just want the steps for what to do next
- BoA agreed to remove late payment from credit report, deleted for 1 month then reappeared
- I’m in my early 20’s and about to inherit a good chunk of money. I need advice on investing it. Thanks you in advance!
- The elephant in the room
- On this Black Friday, just remember that if you don't buy something, your saving is 100%.
- Should I make extra payments on my house or invest?
- If you are working on your credit, beware the litany of CC offers near the holidays
- My (23) GF just completed 1st semester of nursing school but is at risk of not being able to afford the remainder of the schooling. What loan/other options are there to pursue?
- Student Loans: To pay or not to pay?
- Financial planning for 2021, am I missing something?
- $40K Credit Card Debt, is a Loan Worth It?
- Is gift tax commonly misunderstood in this way?
- Is there any caveat to telling credit card company new salary?
- Sent to collections without notice
- Youtuber is 12 years old with 17 income streams and decides to make video showing everyone else how to do it too. Why?
- Relative offers $40k in check, what's the catch?
- Has anyone used the Fidelity Visa card that puts money into your investment accounts?
- Is using etransfer considered a cash advance on a credit card?
- What's the best way to give my nephews money for a college savings account?
- Structuring my financial world so I can relax about it
- Trying to make a good auto purchase
- Would playing shenanigans with my mortgage due date bite me?
- How do you know how much money you need/want to have to retire?
| Target physical gift card scam Posted: 28 Nov 2020 05:03 PM PST EDIT: Hi, I just wanted to say I appreciate all the feedback that you guys have provided and I'll probably really go through it tomorrow. I get it I messed up (kinda?) I had the best intentions and just got fucked but ¯(ツ)/¯ I think this is ok to post here but I just wanted to vent and warn people about buying gift cards from target. I recently went in the store to purchase apple store gift cards as part of a promotion to buy my dad a new phone. I purchased $600 worth of apple gift cards from target. Each one was activated in a separate transaction all around the same time. What little did I know that within 10 minutes of activating a card someone somehow knew the code and redeemed it before I could walk out of the store. The cards were sealed, I've talked to apple who was able to mark the accounts that stole the cards as fraud but they can't get my money back. After speaking with two target managers they basically said that sucks and even when I called the police to file a report even the police wouldn't file one. Corporate has not been helpful either as they're "investigating". It is just a continuous loop of shifting the blame. So today was a sad waste of time and now I don't have the money for a Christmas gift. Anyway I wanted this to be a PSA not to but physical giftcards in target. After doing some research there is a actually a class action lawsuit against target for this kind of fraud. If you guys have any advice on how to proceed I would appreciate it and thank you. [link] [comments]  |
| Posted: 28 Nov 2020 06:51 AM PST I take pride in almost micro managing the "macro" aspect of my finances such as car loans, mortgage and retirement accounts. I actively seek out funds with a low expense ratio and will tax loss harvest - all in effort to maybe save several thousand dollars/year. Unfortunately, when it comes to small, everyday purchases I'm much less focused. I almost never do little things like looking for the cheapest option at the grocery store (within reason), never really pay attention to how much items cost on the menu at a restaurant, use the closest gas station regardless of price and often times will buy a diet soda and snack just because I'm there... Anyone else this way? Any tips/tricks you've found helpful? [link] [comments]  |
| Posted: 28 Nov 2020 08:39 AM PST Hi, so my car (Honda CRV 2013 with 50k miles) got hit while I was sleeping on Friday morning by my neighbor. My neighbor's housemate was moving his car without a license and hit my vehicle while it was parked. My other neighbor saw the whole thing while she was sitting on her porch, so I called the non-emergency police number and got a case number/police report. Then, this morning, I filed a claim with my insurance. I didn't schedule an inspection or anything yet. What should I do next? Have I made any mistakes so far? The owner of the vehicle that hit my car really doesn't want to go through his insurance. [link] [comments]  |
| BoA agreed to remove late payment from credit report, deleted for 1 month then reappeared Posted: 28 Nov 2020 07:50 AM PST Hello, I had a late payment on my credit report with Bank of America which they agreed to delete and they did for 1 month. It did disappear, credit shot up. Upon refreshing the next month the late payment reappeared. I disputed and the CRA's did not come back in my favor. Anyone run into this before and have any advice what I should do? It's been stressful, this was all in preparing for applying for a mortgage so this change really messed it up. [link] [comments]  |
| Posted: 28 Nov 2020 02:20 PM PST So my grandfather passed away not too long ago, and in his will he wrote that I would inherit $100,000 of his money. Now don't get me wrong, I am beyond greatful and proud of my grandfather for setting up my family for financial success. But I don't know much about personal finance. I am 24, live at home, graduated college and looking for a job in tech. I work part time making $15/hr for 25-30 hours a week. So it's just about enough money to move out, but I want to save it up, and my parents are very gracious letting me live at home during this time. I hope to move out January 1 and I currently have $1,750 in my savings. I'm expected to bet about another $1,500 by January, totaling around $3,200-3,400. And where I live, I have 2 people I've been talking to about rent for $500/month/person. Anyway, back to the question. While I do have this $100,000 I don't plan on spending most, if any of it on myself now. I know that investing can compound interest overtime, but I have no clue how to even do this. The money right now is in Vanguard I believe. Any advice on where I should go from here? Any would be appreciated, thanks! [link] [comments]  |
| Posted: 28 Nov 2020 01:30 PM PST It's been 1 year since the birth of my sweet daughter. Her grandmother gave her a ceramic pink elephant bank. Every paycheck my wife and I stuff money into the elephant. A year later the elephant is full. I'm uncertain of how much is in the elephant, but I'm grown up enough to know that a ceramic elephant isn't where my daughter's nest egg should be stuffed. What should I do with it? [link] [comments]  |
| On this Black Friday, just remember that if you don't buy something, your saving is 100%. Posted: 27 Nov 2020 12:01 PM PST I have been served lots of ads on Facebook, and sometimes it is so tempting to just order something because of the "huge" discount, but then I remind myself that unless I really need something, my savings is 100% if I don't make that purchase. Also, be careful with those 0% financing deals. I saw that Tonal (smart home gym) priced their product at $2,750 for a normal purchase, but if you want 36 months financing at 0%, the price is $5,000+. So yeah, not really 0%. Even at the normal price, these "buy now pay later" purchases add up and can throw your budget out of whack. Please don't borrow money you don't have to buy things you don't REALLY need. Only buy fun things with money budgeted specifically for fun. So far, I have spent $30 on clothing this year, and stopped being a shopping addict. I find that you just need to find something that resonates with you to stop clicking that "Place Order" button. For me, it's trying to reduce the amount of waste and plastic being thrown into the environment. Happy Friday and smart shopping! [link] [comments]  |
| Should I make extra payments on my house or invest? Posted: 28 Nov 2020 10:14 AM PST I close on my house in December and start payments in February. 20% down conventional loan (264k) at 2.5% interest. My parents always advised when I buy a house to pay it off early, but I've been doing some reading that says I should invest in stocks instead? Will the stocks return be higher than my interest saved? Thanks! [link] [comments]  |
| If you are working on your credit, beware the litany of CC offers near the holidays Posted: 28 Nov 2020 03:32 PM PST While this should be pretty much SOP, watch out if you've recently been working on your credit. You will receive ad after ad for non secured credit lines between 500-$1000. Especially in November and December. That or personal loans up to $3000 with a steep 33% interest and "interest free" through the holidays. I wouldn't say they are all bad, I actually got a $500 card through indigo with 17% interest rate, but I was looking for a secondary card anyway. Just beware these tempting offers, and remember that it's not free money and probably worth avoiding. [link] [comments]  |
| Posted: 28 Nov 2020 09:45 AM PST Background: gf taken by social services from bio family at 11. Adopted by 12. Bio family is now all either dead/in prison/or unavailable and foster dad died last year. Foster mom is financially unreliable and has been in the process of "refinancing the house" after foster dad passed even to this day since before she started school months ago and foster mom wasn't able to co-sign for her loans bc of this. Gf had to go to foster aunt&uncle for a loan to pay for this semester's tuition, but they said this would be a one time thing. Here she is now needing a loan to pay for next semester's tuition, and ideally the remaining 2 after this one. She has no co signer and has already been denied a loan without having a co-signer. Problem: With no co-signer and already have been being denied a loan without one, $76,000 of student loan debt from undergrad, and needs to pay $7500 in tuition over the next 1.5 years in addition to living loans. She claims that she has exhausted all of her options but I'm not convinced. She's already talking about quitting nursing school and giving up and I can't even fathom that happening. What options can we pursue here? There has to be something. If anybody has been in a similar situation, I would greatly appreciate any advice. [link] [comments]  |
| Student Loans: To pay or not to pay? Posted: 28 Nov 2020 09:44 AM PST With interest forbearance and payments resuming on student loans in January, I'm conflicted on whether or not I should lump sump payoff my student loans at the end of December. Here is my debt/income rundown: Income: $4k take home, can be increased if I suspend 401k 9% investment. Debt: $782/month mortgage at $115k, 2.875% $114 student loan (I pay $250) at ~$7k, 6.9% Monthly expenses: roughly ~$2k Savings: $17k Job security with worse case pandemic with no vaccine is assured until roughly May of next year and I could pay myself back the $7k quickly if things go well. So, personalfinance, what's your take? Should I pay off my student loans and take a hit to my emergency fund/savings or keep paying $250 a month despite the relatively high interest? [link] [comments]  |
| Financial planning for 2021, am I missing something? Posted: 28 Nov 2020 01:45 PM PST So I am starting to plan for next year, setting a list of the things I want to accomplish. This year I worked on a savings goal for a good emergency fund. I have successfully saved about 7 or 8 months of living expenses. Right around $15k. The only debt that I have is my truck. I currently owe about $13.1k on it, and it is worth about 19k. My current savings plan is pretty aggressive, mostly so I could hit my savings goal. I will reduce this for 2021 to pay off my truck this coming year. I want to pay a grand a month. Since I get paid every two weeks I get two paychecks "extra" per year that do not have any bills attached. This will help me get it done in 2021. My main decision is, do I go ahead and use what I have saved to pay off the truck now, or continue to save a bit while also paying it down in chunks? My interest rate is 4.4%. I calculated what I would have in savings at the end of 2021, and it comes out to be about the same amount. Right now, I am saving $900 a month. If I pay it off in $1k chunks my savings will decrease to about $400 a month. However, if I pay it off right now, starting in January my savings will be $1400 per month. Employment is pretty stable so I am not too concerned, as I would be able to build back my emergency fund pretty quickly. Thanks for any input/advice! [link] [comments]  |
| $40K Credit Card Debt, is a Loan Worth It? Posted: 28 Nov 2020 02:57 PM PST I lived above my means for a while and accumulated $40,000 in credit card debt. I recently got a new job and can commit about $3000 every month to paying that off, which will then take a little over a year. I get this junk mail that offers credit card loans with a significantly smaller APR than the cc itself, but it seems like there would be some sort of catch. So is there any downside to getting one of these loans? [link] [comments]  |
| Is gift tax commonly misunderstood in this way? Posted: 28 Nov 2020 06:55 AM PST This question is about a 80K gift for the purposes of buying a house. A helpful person told me today that the 15K/30K threshold isn't the threshold for paying tax, but rather the threshold at which you have to report the gift so that it counts against your lifetime exemption. You can give 100k (or more) this year to each. You'll have to file one extra form with your taxes but no actual tax payments are involved. That person also said: https://www.irs.gov/pub/irs-pdf/i709.pdf The basic exclusion shows up in a table on page 16 and page 18 shows where you compute the 'credit' that it shows up as. You then enter that onto the form itself (line 7) where it offsets your gifts until the exclusion is used up. There are dozens of articles and youtube videos that show up when you ask about gift tax exemptions, and they all say that the most a child can be given tax-free from their parents is 30K. These articles and videos are all misleading, correct? There isn't a tax, just that you have to report it? [link] [comments]  |
| Is there any caveat to telling credit card company new salary? Posted: 28 Nov 2020 03:20 PM PST I have a credit score past 800. Don't carry any month to month debt and pay off in full every time. Yet when I requested a credit limit increase, I was denied. The reason I think they said was my existing credit utilization was too low. Since I last told them my salary, it has grown considerably and is now stagnant in their system reflecting it like 7 years ago. Is their any caveat on telling them my new salary? [link] [comments]  |
| Sent to collections without notice Posted: 28 Nov 2020 04:49 PM PST Hey guys, just wanted to ask for some advice since I don't really know what else to do. So I'm a recent Canadian graduate and I interned in the Bay Area (US) for a large biotech company from 2018-2019 during my third year in university. At the end of my internship, they didn't terminate me properly and paid me from June to August, even though I flew back in June. I notified my supervisor right away when I saw it and told her of the overpaid wages. I only found out in August because I wasn't checking my US account as regularly as when I lived there. Anyways, this company sent me a letter to my old address Berkeley but I was already in Canada at the time. They sent me to collections around then, but never reached out to me via email (which they had) and my phone number. Fast forward to January 2020, I was updating my address for my W-2 2019 to be sent to me. They took a couple of months to send me this and sort it out. But STILL, they never told me that I had a collections account. In November this year, I actually got a job back in the Bay Area and was applying for housing. A lot of my housing applications were denied since they said that my credit was too low. I made a CreditKarma account and checked my credit only to find out that I had a collections account from the company I worked for. I contacted them and paid them back right away but I'm still being charged for collections, despite me not being aware of this money I owe and how to pay it back. I had the money in my account but no one contacted me on how to pay them back, whether it be a check or an account. Now, I'm looking online and a lot of forums say that the collections will be on my credit for 7-8 years. What can I do? I feel so helpless because it wasn't my mistake that they overpaid me wages, and I notified them as soon as I found out. Now, my credit is being affected a year later for a mistake I didn't make. [link] [comments]  |
| Posted: 28 Nov 2020 06:07 PM PST I've noticed a lot of youtube videos by people claiming they are so young and so wealthy due to their large number of residual income streams (like selling digital art on itsy and stuff, referral links, etc, the money just keeps rollin' in don't ya know.) Then they are all like "I just wanted to make this video so others could learn how to do it." Now, if I had 7 income streams and was wealthy beyond my years, I don't think I'd be taking time to make super shiny videos that would be telling others how to do it too. It takes a fair amount of time and effort to film and edit a half hour or even 20 minute video. Not only would it take time, and take me away from what I want to do, it would be helping others do it too, which would take away from my "income streams." Is it more likely that these people actually have one income stream, and it's youtube ad revenue, as well as referral link paybacks that they get when they get other people to sign up to these 7 income streams? Otherwise it just doesn't make sense that somebody who had a good thing going would want to invest the time to undercut that. Is it like the gold miners during the gold rush, where the most money was made by selling goods and services to the gold dazed miners, and today the people really making money online are the ones making videos on how to make money online? [link] [comments]  |
| Relative offers $40k in check, what's the catch? Posted: 28 Nov 2020 07:58 PM PST Our cousin is offering my sister $40k to pay off all her debts. She then pays our cousin back in installments monthly without any interest. We all live in California and our cousin is moving to Texas next month. This all seems sketchy so I had to ask. Also curious if that $40k is taxable. Don't want to get involved in any possible Tax Evasion. [link] [comments]  |
| Has anyone used the Fidelity Visa card that puts money into your investment accounts? Posted: 28 Nov 2020 05:34 PM PST So I didn't even realize it is a thing until last night when I logged into my fidelity account to check out some things, and at some point came across a page that was recommending their visa 2% 'cash back' card, cash back in the form of taking that money and putting it toward your Fidelity accounts on your behalf (Roth IRA, 529, etc...). I use a Venture Visa for almost all my purchases and have those points add up which I ultimately use usually over at amazon. $15 off toward my purchases here and there. I follow the Dave Ramsey method (ish) and we are down to 1 debt left before being able to focus 100% on investments. I have a 3 month (ish) emergency fund that I had built up when covid started, and so right now I'm not really putting anything toward investments outside of a tiny amount into my company 401k (which doesn't have matching). So this got me thinking on whether I would ultimately benefit a bit more from my everyday purchases and those 2% contributions going toward my investment accounts rather than points (venture) toward amazon purchases. So has anyone used the Fidelity card and do you think it's worth it? [link] [comments]  |
| Is using etransfer considered a cash advance on a credit card? Posted: 28 Nov 2020 07:42 PM PST I have a credit card through TD and I'm wondering if I can use it to pay rent without having a cash advance fee? I would etransfer my landlord $400. Is there anyway to get around the cash advance fee? Would this even count as cash advance? [link] [comments]  |
| What's the best way to give my nephews money for a college savings account? Posted: 28 Nov 2020 09:57 AM PST For christmas this year I want to give my sisters each money for my nephews college funds. I would have though a CD would have been a good way to do this but I think the interest rates right now are really low for them. What would be my best option for something they won't be touching for 7-17 years? (Oldest is 11 youngest is 1) [link] [comments]  |
| Structuring my financial world so I can relax about it Posted: 28 Nov 2020 03:52 PM PST Hello, Here are some ways I've learned to keep everything covered without thinking about it too much:
I hope this doesn't just sound like nothing but tooting my own horn and gives some people some ideas. Have fun! [link] [comments]  |
| Trying to make a good auto purchase Posted: 28 Nov 2020 03:45 PM PST I have bipolar type 2 (which I've finally had properly treated this year) and have saved 12k over the last 7 months while living with a friend for free. I work 50-60 hours a week on top of spending weekends with my kids. Gross income is about $5k a month here in Sacramento. I have joint legal and physical custody of my 2 kids however they've been staying with my coparent 5 days a week while I work and get back on my feet and into a normal living arrangement. I've been borrowing my roommates car once a week to get my kids, otherwise I'm riding my bike to work. No active debt accounts, but several thousand in collections, 5k owed due to a 2 year old eviction, and around 15k of unpaid taxes from the last 6 years of self-employment. I've paid my taxes for this year since I've been employed, but don't know how to get ahead with the mess of everything else. From my perspective I need to make a non-impulsive auto purchase that I'll be able to retain if I have a major depressive episode and lose my job AND be something that will be relatively repair free because I'm very bad at maintenance tasks. I don't think those requirements necessarily work together in reality but I'm hoping someone has good advice. Also, I'm probably going to need to put down a significant deposit for my next apartment, and I'd like to keep an emergency fund, but I'm not sure how much I should spend on the car and what year/make to go for. Disclaimer: I'm not looking to be told I'm a piece of shit, I already know that. I'm just trying to be healthy and a present dad for my kids. Thank you [link] [comments]  |
| Would playing shenanigans with my mortgage due date bite me? Posted: 28 Nov 2020 07:24 PM PST My new mortgage lets me choose the due date from 1st to 16th. I read that paying 2x 1/2-payments per month saves on interest because less interest accrues when you pay 2 weeks early. But this company only allows a single monthly payment and unlimited addition to principal. So my alternative is to switch from 1st to 15th. Collect a single extra paycheck and then the cycle goes back in equilibrium. Apply that paycheck's 1/2 payment to pure principal. Since the mortgage just started, that would save just over 100% of that one-time amount in lifetime interest. Alternatives - I know Roth, other investments, and emergency fund are a better return on investment than an under-3% mortgage. I'm doing those too. The motivation for this trick is a) those funds are earmarked in each check and b) feeling "ahead" on this debt is a psychological boost. Even though they say there's no impact to paying 2 weeks later, is there any catch I'm missing?Since mortgage calculators make a big deal about paying 2 weeks early, is this company (FHA loan serviced by PennyMac) just being super generous and eating the difference for 2 weeks late? Also posting this in case some reader has the same opportunity and would like it. Good karma to y'all. :) [link] [comments]  |
| How do you know how much money you need/want to have to retire? Posted: 28 Nov 2020 07:18 PM PST Do you need a Fidelity financial planner or something? I know there are general rules about saving, but how about I want to set up some specific rules? Also it would be difficult to incorporate the real estate variables into the general rule too. Any website can do that? Would love to hear any thoughts! [link] [comments]  |
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