Personal Finance Unclaimed Property |
- Unclaimed Property
- Don't accept PayPal for FB Marketplace or local transactions!
- [HELP] 18, being persuaded to get into Indexed Universal Life Insurance through National lIfe Group
- Roommate not paying his portion of rent
- I don't understand investing at all - where should I start?
- Insurance paying for surgery but shortly quit after?
- Saw a listing on Indeed for my job with a pay range higher than mine. How do I go about asking for a raise appropriately?
- Very broke medical student with no way out
- Inherited one third share in my father's house after he passed, didn't want it, transfered deed to my siblings for a minimal amount ($10) about a year later. Would I owe federal tax?
- DHL shipment from China that I don't recognize? Known scam at all?
- Moving Out - Can I Support Myself?
- Employer hasn't been depositing 401(k) contributions on time
- Need to stop spending
- Can I put my house payment on a credit card? I want the points, probably a dumb question. I assume not.
- Credit Cards and Family
- Question about buying stocks for kids as a holiday gift
- Investing as an international PhD student
- My grandmother passed away, how do I help my family deal with her estate?
- Looking to purchase a house in 6-8 monts, need financial planning advice
- Independent Contractor Taxes...for One Month
- Are there any good reasons to NOT do a debt consolidation loan to more quickly and cheaply pay off credit cards?
- Spouse has limited credit history but I have good credit, want to buy a house
| Posted: 29 Nov 2020 09:06 AM PST So, a friend of mine came to me with a letter saying that the state of PA owed him $1,100, and that the sender would collect the money for him and then charge him a 15% fee after he's received it. I'm a lawyer who handles consumer fraud, so he wanted to know whether it's legit. As it happens, it was half legit. Every state in the country maintains an unclaimed property program, where deposits, interest, etc can be deposited when the person who owes it can't find the payee. The letter he received was legit, in that the company would have given him the money, but he has no reason to pay them the fee - he could just go to the state's site and claim the funds easily and for free. Also, out of curiosity, I looked on the site and found $89.92 owed to me by New York State, and just got the check in the mail. Thought I'd post this in case anyone came upon this type of thing, and also so that everyone can check to see if they're entitled to free $$. [link] [comments]  |
| Don't accept PayPal for FB Marketplace or local transactions! Posted: 29 Nov 2020 03:41 PM PST I consider myself a fairly scam aware guy. Normally if I'm not sure of a certain payment method, I just look it up and see if there are any prior stories. I've sold a lot of stuff. I thought I was safe, but of course I apparently screwed up. I listed an expensive item on Facebook Marketplace for about $2000. I had someone message me about it, asking if he could pay via PayPal F&F and asked for my e-mail address. I initially said I would accept F&F, but after reading the ToS and reading about chargeback scams, I figured I'd be safe and go with Goods and Services. I let him know this, and he was fine with that. We agreed on a meetup place and time (a public place). He then sent payment immediately, with a random emoji in the description. He also had his address included, which is where my screw up apparently started, but I didn't realize at the time. I was suspicious, so I did some investigating, and see that someone had called him a "scammer." I asked him about this, but he fed me some story about a buyer being unhappy with the a sale because of the payment method, which was likely a false story. I wasn't really comfortable continuing with the transaction, and would've cancelled and refunded him. The problem is, with PayPal's recent changes, if you want to refund a customer a Goods and Services transaction, you have to pay the 2.9% cut that PayPal takes. So as uncomfortable with the transaction as I was, I decided to go through with it because I didn't want to be out $60. I also definitely had the money in my account, and it wasn't some sort of fake PayPal e-mail scam. I chose to record the entire transaction so I'd have proof of delivery if he tried anything with PayPal, and I had seller protection from PayPal to protect me. I meet up with the guy at the agreed time and place. I'm taking proper COVID precautions, wearing a mask and using sanitizer, but he's not wearing a mask. I know I should've insisted he put one on, but I was honestly relieved, because if he was trying to steal from me or pull a scam, he'd be wearing a mask, right? Perfect way to hide your identity, and I'm recording the entire transaction. I give him the product, and have him give me a call to make sure he's the same person I was talking to on FB marketplace. We part ways. Immediately afterwards, as I try to confirm the sale with him via Facebook Marketplace, I see that he's blocked me. I'm now extremely nervous, and I contact PayPal repeatedly, asking them what I should be doing to make sure that my money is safe, and they never give me a proper response. 3 days later, the transaction is in dispute because he filed a chargeback, and I can't access the money. I upload exactly what happened, along with chats and texts we sent, along with the video I took of the transaction. After several fruitless phone calls and chats, a month later, this morning I'm told that the money has been removed from my PayPal account because I didn't provide proof of shipment. I filed a police report shortly after I was hit by the chargeback, but didn't pursue it aggressively because it was still in dispute. At this point, I'm not really sure what to do. As for others making local transactions? I'd avoid PayPal entirely, even though Facebook themselves recommend it. Just use Zelle, or plain old hard, cold cash. Have the buyer look at the item in person If you need to use PayPal don't give your e-mail address, and don't accept it like I did. Get their e-mail and send an invoice via PayPal, although I'm still not even sure that you'll be protected even then. I know I technically screwed up, but what PayPal did felt very predatory to keep their fees and not provide protection. EDIT: PayPal Friends & Family has even less protection. If the buyer files a chargeback like you have here, you have no chance at seller protection; you just lose the money. [link] [comments]  |
| [HELP] 18, being persuaded to get into Indexed Universal Life Insurance through National lIfe Group Posted: 29 Nov 2020 03:15 PM PST I have NO reputable knowledge about finance or investing, and my mom is really trying to get me into their NLG group to be licensed and to earn commissions. Tbh, it sounds like MLM and as I found out, the company is allegedly being sued because they trick asian immigrants in their scheme. I want to know more about this soon, because I don't want her to get into debt and I also want to have a good reason as to why I would/wouldn't want to join in. tldr: i'm 18, how can i start learning more about financial terms, policies, and all that stuff. the only resource i have is the licensing course under NLG which i think is sketchy, i just don't know why yet [link] [comments]  |
| Roommate not paying his portion of rent Posted: 29 Nov 2020 07:44 PM PST I live in apartment with 2 other people. Moved in August. First month (August) he paid his portion, second month (September) could only pay half so my other roommate covered for him. Third month (October) he did not have enough again so me and my roommate covered for him again. Forth month (November) he is saying he does not have enough again so I will have to cover him. All three of us are signed on the lease. I don't trust him enough to pay me back, (he has a history of making ALOT of excuses when it comes to paying me back even just for small stuff). What should I do in this situation? I don't have enough money to keep paying for his side. [link] [comments]  |
| I don't understand investing at all - where should I start? Posted: 29 Nov 2020 06:26 PM PST So I am 22 years old and recently graduated college and started my first full time job. I make 55k a year and have a checkings & savings account, and an HSA. I also will be opening up a Roth IRA in the next two months or so, and in about 6 months I'll be eligible to start contributing to my company's 401k. I will start investing my HSA money once I reach a $2000 balance, and then of course I'll have my Roth IRA and 401k. Is there any other investing I should be doing ..? Should I be maxing out my contributions? I seriously know nothing. And my semimonthly pay is only about 1800 before any contributions, so I'm not sure how much room I have / if it's smart to max out yet. I know this is a lot, but does anyone have any advice for a starting point? [link] [comments]  |
| Insurance paying for surgery but shortly quit after? Posted: 29 Nov 2020 06:17 PM PST Hello, I am in a bit of a situation. A life decision of mine was to quit my current job s upcoming December and go back to school full time for January 2021. I currently have health and dental insurance from my employer. If I were to get my wisdom teeth removed using my insurance and quit shortly after, will the surgery still be covered? Would I have to pay back the insurance or employer if I were to quit shortly after receiving a wisdom tooth removal? Thanks! [link] [comments]  |
| Posted: 29 Nov 2020 01:59 PM PST Today I saw a listing on Indeed for my position as two of my coworkers have quit in the past 3 months and they have been interviewing to replace them. It is a lab position and when I went through the hiring process, the range was 15-16 an hour with me receiving the latter. Today's listing states the range is 17-20 an hour starting which is a huge difference in my opinion since I started just last January. I have a very good work ethic and won't stop that because of this. My direct supervisor is a lazy pile so I have to make up for that by helping out my peers and keeping them on track, but the overall lab manager tells me how much they appreciate my efforts and dedication. This just bothers me because I will be the one training these people and chances are my education background is just as good if not better than theirs (BS in Biology with a major in Chemistry). With annual raise time coming up soon, how do I politely yet firmly tell them I deserve to be moreso in the 18-19 range when the standard there is a dollar a year according to my coworkers who have been there longer? If they were to bump me up to 17 that would still match the new starting wage yet I'd have a year of experience behind me and that thought irritates me. I appreciate any advice. [link] [comments]  |
| Very broke medical student with no way out Posted: 29 Nov 2020 08:32 AM PST my situation is a very unique one i would say. im a medical student in poland in my 3rd year. i come from a 3rd world country so i dont get any financial aid from Poland or my home country. my tuition fee is about 12k dollars and until now i have been able to get by through family support and side gigs but it was Always Very borderline, was almost kicked from uni 3 times because of late payments but im still doing my absolute best in every waking hour of my day. I am getting exhausted and tired because i live 2 lifes, one of a medical student, and another of trying to get 15k dollars on the side every year ( 3k of which goes to food and rent throughout the year). i also havent gone back home once so ive been staying for 3 years here alone in a country i understand nothing in, not the language not the people nothing. i didnt get a chance to learn the language because of studies so i cant work here (ive tried HARD, nothing can be done). so this is my background, delving into my situation now, i have about 15k in debt to the university, i have 10k with me and nothing else. i have been saving up all of corona time and thats how much i made unfortunately.... i know it doesnt sound like much but this is consuming my life. i cant keep on going for 3 more years like this. i dont know if i should just quit and do something else, but then again, do what? all i know is medicine because thats what i did since i was 17 (20 now) and my life has been consumed by it. i dont know what im expecting from posting this here but reddit has always been my very brutal and honest best friend. the people on this platform tell it how it is with no filters. so what do you think i should do guys? i want to solve this and i want to be a doctor and the best one at that and im willing to fight through anything. if i paid the 10k now i will still be in debt and i will have no money to eat since 90% of my income comes from the summer. ughhhh idk man im sorry for rambling and if anyone read this far thank you. and im sorry if this post doesn't follow the rules of this subreddit or if i have horrible horrible spelling mistakes (english not my first language). anyways thank you for whatevet advice you offer me guys ❤ [link] [comments]  |
| Posted: 29 Nov 2020 05:20 AM PST Pretty much as described in the title. My sister was the executor of my father's estate and I wasn't even aware that I was in his will until after a year or so and they said they needed my permission for a refinance on the house. I didn't want to get involved, and so they asked if I could transfer my portion of the deed for a minimal amount, which in our county is $10. I didn't think much about it afterward, but now am starting to worry that this would be considered a "gift" or some other taxable transaction. Could kind Redditors help point me in the right direction? [link] [comments]  |
| DHL shipment from China that I don't recognize? Known scam at all? Posted: 29 Nov 2020 09:28 AM PST I got notification of a DHL shipment via phone number (and I can look up the tracking on the DHL site and everything) currently on its way to me from Dongguan, China - however I have no idea what the item is, don't remember ordering anything from China, and don't see much about the company when I Google for it: There is no description of the item either, no weight. I went through my order history in my email and don't see the tracking number anywhere, nor on any of the corresponding websites. My address as-listed on the shipment tracking is also slightly misspelled / malformed (street name is spelled wrong, city listed like five times). Is this a possible scam? How can I tell? I also live in a doorman building where the front desk usually signs for packages - I also don't want them to possibly sign for a scam. What should I do, or be aware of? [link] [comments]  |
| Moving Out - Can I Support Myself? Posted: 29 Nov 2020 06:06 PM PST Long story short my home living situation is getting to my mental wellbeing and I want my independence. Can this work and is there any thing I am missing? I am not stuck at $2,000/month forever. I am 19 currently learning a trade with a lot of room to grow with my current employer. I value personal independence and the opportunity to experience living on my own over hording a bunch of money living with my parents. I already cook, clean, pay food/vehicle bills and do all of my laundry myself. Budget: $2,000/month for one person ----------------------------------------------------------------------------------------------------------------------------------------------------- Savings: $10,000 Rent: $850/month (includes parking + renters insurance) Utilities: $200/month Food: $200/month Gas: $150/month Car Insurance: $150/month Phone: $50/month Internet: $50/month Savings: $200/month ----------------------------------------------------------------------------------------------------------------------------------------------------- Total: $1,850 with $150 left to save or put towards anything I need [link] [comments]  |
| Employer hasn't been depositing 401(k) contributions on time Posted: 29 Nov 2020 06:03 PM PST I'm not totally sure if this is the best sub so please let me know if there's a better place to post. I just realized today that my employer deposited all of my and his 401(k) contributions for the past 6 months on one day (11/25). From what I'm reading it seems like the government requires deposits to be made by the 15th business day of the month following the month in which my contributions were deducted from my pay. Am I missing something here? Is there an exception because of COVID? If my employer is truly in the wrong here then I'm pretty frustrated since the market has been doing so well. What are my next steps in how to handle this? I'm hesitant to make a big deal since I work in a small office (<10 employees) and hate confrontation and awkwardness. [link] [comments]  |
| Posted: 29 Nov 2020 07:56 PM PST I was good at saving money when I was younger, but now that I have a better paying job something switched and said "hey spend more". I'm pretty much living paycheck to paycheck, but thankfully due to my young age and having amazing parents I live at home and don't have rent or bills other than my car and phone. I make about 1.5k every 2 weeks and I just can't seem to keep it in the bank. Any advice on how to be rid of this awful habit? [link] [comments]  |
| Posted: 29 Nov 2020 04:08 PM PST We have one house on a VA loan and two on conventional loans. My husband and I have never had any issues paying any debt on time (only debt is mortgages). His salary can pay all our mortgages, mine pays for vacations and extras. The card is only one of two we have which have always been paid off in full. [link] [comments]  |
| Posted: 29 Nov 2020 07:40 PM PST Ok so I have a few questions. I work for my sister as a nanny. This year they attached my name to their AMEX account and while my credit score has improved, their debt now shows up as my debt as well. At the time I was unaware that they opened this account and while I didn't approve it I also didn't think anything of it. I had just assumed that they attached my name to the account somehow so I could use their cards to pay for things. That was until I talked to a lender and they said I had several thousand dollars in debt and they could only offer me a loan at a 30+ percentage APR. I've never had any issue with my credit or getting loans (though I've had very few). While yes it has increased my credit score it has also increased my debt from none to several thousand and that alone concerns me.
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| Question about buying stocks for kids as a holiday gift Posted: 29 Nov 2020 09:49 AM PST I have 6 nephews and nieces ranging in age from 2 months to 9 years and would like to include a share or two of stock or ETF, maybe $50-100 worth, in the mix of their Christmas presents. I'm not trying to teach them to save or invest, although that would be a nice side effect, and I'm not setting up a college fund for them. I just want to give a slightly classier version of a scratch ticket for Christmas. My thinking is that I'd add to each fund on birthdays and Christmas. When they're the age of majority in their state (looks like 21) they can decide what to do with it. I'm not particularly worried about taxes, although obviously I don't want them to have to pay taxes until they can get their hands on the money. I'd probably rather they hang on to the stocks than cash them in for a graduation party but it will be up to them. I've looked into the legalities and it looks like I want a UTMA, which gives them access to the money at age 21 in their state. It looks like I can get a brokerage account with no fees and no commission on US stock trades and ETFs, but I'm not sure if I'll have to worry about a minimum deposit to open. Does anybody else who's tried this have any insights or words of wisdom to share? Reasons why I should or shouldn't let them see the value of their assets as they grow or shrink? I thought it would be fun for them and maybe give them excited about saving, but I don't want it to be weird psychologically. I don't want to make trouble for them or their parents, but it looks like the only bureaucratic hurdle is cashing the account in at majority and paying any applicable taxes. I think they'll be able to handle that. [link] [comments]  |
| Investing as an international PhD student Posted: 29 Nov 2020 11:27 AM PST I am an international Ph.D. student and have just finished saving enough for emergency supplies. I guess the next stage will be the investing stage. Could someone guide me through this process? Links, books, articles are welcome. Also, I have $ 0 credit card debt. Ideally, the next step would be maximize by retirement funds. However, I believe my international status prevents me from investing on Roth IRA, etc. 1) I can spare around ~2k to invest at this point. The important thing is I want to start small and build up from there. 2) Should I transfer my emergency saving to High Yield Savings Account? That way it will keep building interest [link] [comments]  |
| My grandmother passed away, how do I help my family deal with her estate? Posted: 29 Nov 2020 06:39 PM PST TL;DR - My grandmother was pretty well off: owned a home, beautiful jewelry (it seems?), fancy clothes, and china. How do I help my family manage the estate? At almost 100, my grandmother lived a very full life. Her husband, my grandfather, was in WW2 and he obtained a reasonably high rank before moving to the private sector. They traveled a lot and picked up a lot of cool stuff along the way. My grandfather passed away about a decade ago but she has been good about managing their assets, keeping the house in good repair, and all that jazz. She has a list of bequethals that we are taking care of, but as for the rest of it, what is the right path forward? Part of this comes from a bad experience a few years back when one her children died unexpectedly. The family sold the house quickly, auctioned her stuff, and was left feeling like we got cheated on all fronts. I won't go into it but the family is trying to make sure that we are doing everything right. Leaving that aside, it has put everyone on edge for this new loss. Normally this would be up to the adults in the family, but it is a small family and not everyone is engaged, so I am trying to be helpful in this process. Does anyone who has gone through this have any advice? A couple more specific questions: Clothing & Jewelry: - When it comes to nice items like clothing, what is the best way to handle those? Consignment shop? - If so, are there any tips to ensuring that we don't put something up for consignment we shouldn't? Or that the shop we use doesn't take advantage of the situation? - Is jewelry better to be sent to consignment or just sell it for material value like gold or silver? Art & China - Any good do's and don't's on art appraisal? - If any art comes to me, am I better of saving it or trying to sell it? FYI - she doesn't have anything super fancy but has some paintings appraised at a few thousand about 30 years ago - Some of the china is apparently very old and from a prominent manufacturer, is there a good resource for checking the value of these pieces? I believe it starts with an M. House: - This is a big one, it seems like a good moment for selling a house. Does it make sense to hold off for the summer? Or are we better going now? This is just what comes to mind now, it has been a long day. Any advice would be greatly appreciated! Thanks so much! [link] [comments]  |
| Looking to purchase a house in 6-8 monts, need financial planning advice Posted: 29 Nov 2020 06:35 PM PST Hello! We are current homeowners, 2 years into mortgage. We are looking to buy and sell in about 6-8 months. We have a car loan that has about $4,000 left, and we might be in the market for another vehicle soon. We have at least $17,000 saved so far. I want to make sure that we look best for the lender. - what if we paid off the balance of the car loan? Will the missing payment history have a negative impact? - will paying cash or starting a loan for the second vehicle prior to applying for a mortgage be a huge issue? TIA! [link] [comments]  |
| Independent Contractor Taxes...for One Month Posted: 29 Nov 2020 06:29 PM PST I was an independent contractor for a horrendous multistate startup for just shy of one month. I don't have an LLC or anything, they were just too cheap to hire actual employees. Salt aside, I earned $340 from that gig. As an independent contractor, do I need to fill out the quarterly reports? The IRS website says i don't if I earned under $400, but everything else is unclear. I know i gotta pay taxes on that small chunk of change come tax season, but what about these quarterly reports? Thanks in advance and never, ever work for a business that says "we're like family here" in the interview. [link] [comments]  |
| Posted: 29 Nov 2020 12:07 PM PST Our situation isn't too crazy, and our CCs are no where near maxed, so I really don't think there's a chance of us adding back to the CC debt after they're payed off. I'm just wondering what actual down sides there might be to a debt consolidation loan strictly for credit card payoff. The loan I'm considering is 2 years at 6% interest and no origination fees. Currently, the credit cards we have are between 22 - 27% interest. All together they are at about 42% utilization. I think we can put the extra we were snowballing toward the loan and pay it off in ~1 year. Obviously, we will be paying less interest with the loan. I'm just cautious because we're really trying to make as informed of a decision as possible. We have goals we're trying to accomplish over the next few years(namely, to get a new vehicle and a camper) and want to be setup for success for those. [link] [comments]  |
| Spouse has limited credit history but I have good credit, want to buy a house Posted: 29 Nov 2020 05:45 PM PST My husband and I live in the USA, he has a green card through our marriage. He has been working at his job since beginning of 2020 and I've been at mine since early 2018, combined annual income is about $75,000 (really more like 80k since I get bonuses at work and do Uber eats but this is the low estimate) and we are saving to have 20% for our DP. The only debt we have is my student loan payment $200 a month. We want to buy within the next 6-9 months. My worry in getting approved for the mortgage is his lack of credit history due to only being in the US for a short time. I did add him as an authorized user to 2 of my CCs which I've had for several years which helped his score and he has gotten 2 credit cards in his own name since he's been here. His credit score is good, I think it's around 730 or 750, and mine is very good, about 800. We pay off our cards every month. I could always apply on my own if it came down to it but my income alone is only about $45k. I wouldn't get approved for much. Does anyone have any insight as to whether this will be a huge roadblock for us to get approved or am I overthinking it? [link] [comments]  |
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