Personal Finance I owe $12,000 on a capital one credit card, but I have lost my job and haven’t been able to make a payment on it for almost 4 months. What can I do? |
- I owe $12,000 on a capital one credit card, but I have lost my job and haven’t been able to make a payment on it for almost 4 months. What can I do?
- This is why I always keep my debit card locked.
- Wealth building vs time
- I work as a waiter and just fractured my wrist. How can I get through the month?
- CU bought my bank Friday, now my account is closed without notice
- Promoted during mortgage application?
- How is my sales commission taxed if I was paid in cash?
- What's the best software for showing me all my cashflow month to month?
- Grocery Budget for 2
- A Spreadsheet for Budgeting This Holiday Season!
- Which credit card to apply to next?
- How does a destitute person afford a lawyer?
- Trying to get extra income during these tough times.. need your suggestions on how to earn
- Should I sign up for Alliant Credit Union?
- Wanting advice on beginning investing.
- Experience with buying a house without a realtor?
- Leaving money in corporate account or pay myself all?
- Getting shut down
- Mom has no clue on finances and dads health is failing.
- Long term capital gains tax on sale of investment property with gift of equity.
- Remote work taxes help.
- Should I pay off my car loan ($3,500)?
- Salary to Hourly Question
| Posted: 06 Dec 2020 12:17 PM PST I'm collecting unemployment which is barely enough for me to even pay my bills. I'm at a loss and don't know what to do. I had excellent credit before Covid, now due to this whole pandemic, I'm not even able to pay off my minimum payments. Is there some sort of amnesty program or a financial aid program that Capital One offers? I'm pretty desperate. [link] [comments]  |
| This is why I always keep my debit card locked. Posted: 06 Dec 2020 09:15 AM PST Woke up to THIS notice. No idea who was trying to get fit on my dime or how they got my debit card number. But, because I always keep my card locked (unless I'm standing in front of the ATM getting cash), I was spared a lot of hassle and headache. [link] [comments]  |
| Posted: 06 Dec 2020 07:40 AM PST To spark some inspiration for the young ones... If you put away a dollar at age 25 that can be worth 10 dollars at age 65 (adjusted for inflation). This drops by approximately half every 10 years. So a dollar put away at age 35 can be 5 dollars at age 65. And just 2.5 dollars at age 45. That's why its so critical that you get started early to take care of future you. If you are able to achieve a net worth of $150-200k by age 30, you can retire modestly by age 65 (assuming some social security/pension too). Everything you add from there is gravy. Ultimately, invest early and invest often. Take care of future you your whole life. Seek to put away and invest 10-20% of income from day 1 of working. [link] [comments]  |
| I work as a waiter and just fractured my wrist. How can I get through the month? Posted: 06 Dec 2020 01:14 PM PST So, yeah. I fractured my left wrist and will be in a cast for 5-6 weeks. This puts my me out of commission for my only source of income, and as someone who is already living paycheck to paycheck I am very worried. I have no savings anymore, nor is my family able to help me out. I may be able to work shifts at my current job that are less physically demanding, but I would also be earning significantly less. I'm considering unemployment but even with the full amount would not even be enough to cover half my rent. Any guidance would be appreciated. [link] [comments]  |
| CU bought my bank Friday, now my account is closed without notice Posted: 06 Dec 2020 04:41 PM PST Apparently a local credit union bought a few locations of a local bank I use last Friday, and over the weekend are transferring these locations over to the CU. This change apparently involved switching all accounts over to the new CU, but I was given no notice when they were bought, or when they closed my checking account the same day, disabling my card. I only happened to notice after getting declined buying food. I also almost missed an insurance payment, but I do my insurance with a 3rd bank who were very understanding, but it was incredibly frustrating considering the automatic payments failed and it was due. The bank who used to owned the account told me it was "closed without comment from the institution" and that I should call the new bank to find out more information. The plan is call the CU on Monday (they don't have weekend customer service, go figure) and figure out where all my money has vanished to and get it out, but is there anything else I should be doing? I was under the impression that I was to be notified if a change happened to my account, especially if it was to be closed. [link] [comments]  |
| Promoted during mortgage application? Posted: 06 Dec 2020 05:54 AM PST I have been promoted from an hourly worker to salary within the same company I am currently in the process for obtaining a mortgage will this mess up my ability to get the mortgage I have been at this company for over a year and have no job gaps in the last 6 years. I am currently in the underwriting process. Should I disclose this? I have a close relationship with all management and can get any letters written. [link] [comments]  |
| How is my sales commission taxed if I was paid in cash? Posted: 06 Dec 2020 01:49 PM PST I work as an hourly employee for a small company and was paid cash for a few commission sales I made. The boss would just write a check out of the business bank account. I didn't think anything of it because I have never dealt with this before. My boss is now saying he is going to 1099 me for the commissions I made this year but I thought that was just for independent contractors? As far as I can tell, those sales commissions should have been run through payroll. I don't want me or my employer to break any tax laws. Who pays tax on cash commissions and how? [link] [comments]  |
| What's the best software for showing me all my cashflow month to month? Posted: 06 Dec 2020 12:23 PM PST Does anyone have good recommendations for software that shows me my total financial portfolio month to month? Like for example, how much I have in my bank, the amount I got paid this month, the expenses I paid this month (itemized), the restricted/unrestricted stock I own, the values of various investment accounts, and how how much tax is paid/withheld across all of this. Ideally it would do this via data entry, or by scraping emails I forward to it, so that I don't have to trust it with linked bank accounts or anything. I feel like I don't have that good a handle on my finances, yet at the same time, I hate thinking about them. If I had a clear layout of my income/spending I could feel more comfortable saving more. I assume a spreadsheet is probably going to be the closest thing, but I thought I'd throw the question out there. [link] [comments]  |
| Posted: 06 Dec 2020 05:35 PM PST Hi there. My girlfriend and I just moved in together and I'm just wondering what y'all set aside for groceries each week. I figure approx 100$ total for the 2 of us. Any input would be great! [link] [comments]  |
| A Spreadsheet for Budgeting This Holiday Season! Posted: 06 Dec 2020 03:48 PM PST For those that have a lot of people to consider this holiday season; I put together a pretty handy spreadsheet today for your Holiday Budget. I spruced it up and of course cleared it of all personal information so that maybe others might be able to get some use out of it. It is simply a way to decide on a budget and exactly how much you have to spend down to each family/family member. Now, I would call myself an intermediate sheets user. I'm by no means an expert with Excell. I've seen some crazy sheets before. So please, I'm all ears for thoughts on how to improve it even further. Feel free to download a copy here: (Go to We have a lot of family members to consider when the Holidays come around. With this tool I'm able to add decide on how much we should actually budget. Now I'm adding it as a line item to our annual budget. I hope it can help some of you with planning for the Holidays in the future. Edit: I'm kind of revising it now to add a total line under each column in the main body. I think It's a little easier to see if A family is over/under budget that way to adjust accordingly. [link] [comments]  |
| Which credit card to apply to next? Posted: 06 Dec 2020 04:58 PM PST Hey y'all! I'm looking to apply to my next credit card and need some help deciding which one. I'm currently thinking about Citi Double Cash Card (which I am pre-approved for according to Credit Karma) or Chase Freedom Unlimited. My biggest fear is getting rejected and getting a hard inquiry on my report. Here's some info about me:
I'm just looking for a good card to continue building my credit. Any other recommendations? [link] [comments]  |
| How does a destitute person afford a lawyer? Posted: 06 Dec 2020 03:42 PM PST I have an open case with CPS. It's not related to divorce, it's not a custody battle, there's no criminal charges, no child abuse or domestic violence involved. Every professional I have spoken to since the case was opened has basically told me that the claims made against me are completley baseless and that I've been totally screwed. I've had 4 different public defenders in 6 months. My current one is a temporary representative. The last one quit without telling me. The one before that one didn't even work at that law firm anymore and nobody bothered to tell me nor fix this until the day before my court hearing. The one before that one was also temporary. I'm 23 and I live in a homeless shelter and have no assets. I have no formal education, my legal guardians pulled me out of school in 4th grade and I was homeless by age 14. I have never worked before and even though I am trying to find employment now, I have a disability and can only work part time. I have no credit and no bank account. I'm getting nowhere with the public defender, I have zero representation in court and I'm not going to win like this. I have no idea how loans or debt works but I'm thinking if I could even find a part time job I could attempt to teach myself how to get a loan so I could hire a lawyer. I'm supposed to get referred to some kind of legal aid by the shelter I live in but they said I have to wait for this association to call me and it's been a week already with no call. I've read online about how despised family court is among lawyers so I don't know how I am supposed to believe that a lawyer is just gonna represent me for free. I figure the only advantage I do have in this situation is that because I live in a homeless shelter and qualify for a program called permanent supportive housing, I don't have to worry about ever paying rent, there for all of the money I can make from working I can put towards the legal expenses, and I live in an area where the minimum wage is high as well as having an abundance of work available. [link] [comments]  |
| Trying to get extra income during these tough times.. need your suggestions on how to earn Posted: 06 Dec 2020 05:23 PM PST Hi im looking forward for your suggestions to earn some extra income during these tough times. i have a medical condition and unable to work outside due to my condition for the fear of aggravating my condition due to COVID-19 virus. i know data entry work and i can type and work on computers to type documents/spreadsheets just to give you idea of what im aware off However i want to find some work, which i can do from my home; and this work is only Legal in nature, does not scam vulnerable people both old/young, does not beg/borrow/steal & not ill-legal in anyway shape or form. im only looking for making some extra cash during these tough times and unsure what to do to make some extra money. Appreciate your suggestions/guidance ! on how to find this type of work, and any pointers on successfully finding this type of job for extra income. [link] [comments]  |
| Should I sign up for Alliant Credit Union? Posted: 06 Dec 2020 03:45 PM PST Few questions. What does Alliant mean when you aren't eligible so you have to become a member of the FC2S organization and they pay the $5 membership fee for you to be eligible to join Alliant? Does that mean you have to keep paying over time to stay a member or is it a one time thing? Also why do they share your information? Is it safe to do so? [link] [comments]  |
| Wanting advice on beginning investing. Posted: 06 Dec 2020 04:23 PM PST Hello all. I've recently come into $60,000 from a relative's will. I am 28, living in the US and have no current debt. I understand the basics of investing and intend for the majority to go into mutual funds and bonds as a start on an eventual house payment. However, I'm also a young man with a more than decent job and so can probably afford some risk: I would like to know what investments in crypto and other higher risk/higher reward options you think would be good for a portion of the funds. Thanks, and if my post is similar to one already answered, just link me to that one. [link] [comments]  |
| Experience with buying a house without a realtor? Posted: 06 Dec 2020 05:34 PM PST We found a house online that we really like and researched but have yet to see in person. We live down the street from the house but don't know the owners. So we are very familiar with the area and market prices. The seller has a realtor and we don't but don't feel we need one since we're familiar with the area and would like to save 1/2 commission. We have a couple questions:
We know to make offers contingent on inspectors. I've taken a real estate course in the past but never got my license so have a decent understanding of the process. Please share your experiences. Thank you! [link] [comments]  |
| Leaving money in corporate account or pay myself all? Posted: 06 Dec 2020 03:49 PM PST So I have a limited company, I am the sole owner and employee for the most part, I sub contract in the forestry industry. So it's nice I pay less taxes on money that stays in my corporate account but when I eventually pay it to myself it's going to cost the same anyway. Is there any benefit for leaving any money In that account instead of paying it all out to myself? Any loop holes to pay it to myself and keep taxes low? [link] [comments]  |
| Posted: 06 Dec 2020 02:28 PM PST So the mobile grooming company I work for is shutting down temporarily. I never was able to get financial the last time I lost 7 weeks back in march. Any know how to apply and get government financial aid? Really need help with this. [link] [comments]  |
| Mom has no clue on finances and dads health is failing. Posted: 06 Dec 2020 07:26 PM PST My parents are in their 60s and retired. My dad has taken over all aspects of their finances since retirement. My dad is very vague or secretive about their financial situation and my mom seems to be clueless. In conversations I have asked her how much retirement they have and where accounts are, etc, and she brushes off my inquiries. I know that they do not have a lot of money. My dad is not doing well. He has been vague about what is going on, but it sounds like COPD, which is grim. I need to have a conversation with them, but I don't know where to start. I assume my mom is in the dark on their finances. What does she need to know and what needs to be documented to ensure she won't have issues accessing money if my dad were to pass away? Is there anything I should do so I can be of better help if she were to suddenly be widowed? Like, add my name to accounts our their home, etc? Thank you in advance for any advice! [link] [comments]  |
| Long term capital gains tax on sale of investment property with gift of equity. Posted: 06 Dec 2020 03:28 PM PST I'm in the process of possibly purchasing an investment property from my parents. They bought it years ago for roughly $70k. It's valued now at around $200-250k. If they sell it to me for roughly $130k with the rest being gift of equity. How much will they end up paying in long term capital gains taxes? I want to ensure they they are aware of this tax so they can plan for it. [link] [comments]  |
| Posted: 06 Dec 2020 01:10 PM PST Looking for help with some tax information for remote work.
I am curious how my taxes are affected with all of this and with the covid rules for taxes. Thank you! [link] [comments]  |
| Should I pay off my car loan ($3,500)? Posted: 06 Dec 2020 06:32 PM PST I have more than enough of an emergency fund, plus the funds to pay off this loan. I would then be debt free. My dad doesn't think I should because he thinks a financial collapse and/or war will happen soon and that I'll need as much money as possible in a short amount of time. What do you guys think I should do? [link] [comments]  |
| Posted: 06 Dec 2020 01:32 PM PST Thanks in advance for the help. My employer is about to change me from salary to hourly in January. I found our prior to being informed by upper management, but I know how my new hourly rate will be calculated. I currently make 60k a year. My new hourly rate is calculated by taking my salary (60k) x 45 hours (40 regular hours and 5 overtime hours) for 50 weeks a year. The other two weeks are calculated at 40 hours per week due to vacation. Can someone please help with this math to find out what my new hourly rate will be? I think I have it figured out, but I am not sure. Thank you! [link] [comments]  |
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