Personal Finance Careful while changing address with USPS |
- Careful while changing address with USPS
- I have a 5 year old bill in collection for $139. If I call and offer to pay in exchange for wiping it from my credit, and they decline, will that phone call reset the date of my debt?
- Is paying $2150 per month for a studio a stupid choice in NYC as a new grad?
- My food budget is $4 a day. Next week it will be $6 dollars a day.
- Am I better off without a $4 or $5k beater car that could break at any moment or a more reliable car around $12-$15k that will last?
- I just inherited and I don't know what to do
- Grandpa passed away, raised me and had custody of me and I can't find a will
- Credit Score destroyed due to autopay error
- 41, no savings. what’s the best route to retirement?
- Hey guys I recently quit my job for a city job is this a good career move or a step back?
- Buying a second home, as a primary
- Credit card payoff question
- Ex-Employer Claiming I owe them
- Debt collectors threatened to suspend my license, so I payed 1/3rd of my debt. Now I owe 20,000 what do I do.
- Choosing to go Electric or Not (Vehicle).
- Buying a House - What can I afford?
- Company incorrectly entered W4
- Tax advantaged accounts in their own portfolio?
- Should I contribute 20% of my internship earnings to retirement savings?
- Ways to bypass funeral costs?
- 21 yr old looking to work towards financial freedom
- Im not asking to be spoon feed, but need help with investing with my Roth IRA I just opened with Charles Schwab
- If I have the means to pay off $8k in credit card debt and eliminate it without hurting myself, should I?
| Careful while changing address with USPS Posted: 29 May 2021 06:07 AM PDT Make sure you are actually on the USPS website! The first four links after Google searching "change address" were scam copycats, I sleepily ran through the process on the wrong one that looks EXACTLY like the USPS site and now have to try and get the almost $60 refunded. Their customer service line goes straight to VM and they are not replying to emails. [link] [comments]  |
| Posted: 28 May 2021 06:41 PM PDT I am trying to figure out if it's worth paying off this 5 year old debt of $139 to an internet company, or letting it fall off in 2 years. I have no idea how much it's hurting me right now, but I don't wanna pay it if it's gonna reset the date on it. [link] [comments]  |
| Is paying $2150 per month for a studio a stupid choice in NYC as a new grad? Posted: 28 May 2021 10:11 PM PDT I'm moving to NYC this July and I am about to sign a lease for a studio in West Village/Chelsea area for $2,150. This is my first job out of college and it feels super weird paying this month for rent. Came from a small Virginia college town paying $450/month so this is a huge shocker because paying 1k let alone 2k for a studio is absurd to me. My Situation:
Am I stupid to pay this high for rent? I want to enjoy my first year in NYC but don't want to go overboard and ruin my financial goals. Essentially would be down to move into a cheaper apartment with roommates if I want to save more down the road. Very conservative on spending, spend most of the time in my room playing computer games and the occasional night out on a Fri/Sat night every other week + cook all my meals... well who am i kidding its nyc, might eat out once a week or something idk. edit: been reading through all the comments and really appreciate the candid feedback and comments, they're really valuable to me. I'm trying my best to strike a fine line between living an amazing first-year in NYC (as romanticized as that sounds lol) and making decent to above-average steps in saving edit 2: the common question of why I won't look around for other places; I am unable to do so due to my non-credit history thing + international student status. was fortunate enough to have a friend whose parent's bought a building and was kind enough to allow me to rent one of their units. oh no i've been locked, mods help pls :c oh yay im free now [link] [comments]  |
| My food budget is $4 a day. Next week it will be $6 dollars a day. Posted: 29 May 2021 05:21 PM PDT Any advice if this is a achievable physicale healthy financial decision? [link] [comments]  |
| Posted: 28 May 2021 10:10 PM PDT Don't have the cash to buy either in cash right now. Am I better off trying to scrape some cash and finance the rest on a beater that could last 6 months or 6 years, or finance a $12k used car that should last a minimum of 3 years and possibility 10 years or more? Pros of beater: might be able to recoup equity from current vehicle and eliminate any car payment. insurance cheaper too even if having to finance, low monthly payments cons: could break at literally any moment if it has 150k miles on it and is 15 years old $12k car: Pros: looks nicer, more comfortable, probably safer (technology gets better each year) likely won't be prone to anywhere near as many issues as a beater until many years later cons: insurance more expensive higher car payments [link] [comments]  |
| I just inherited and I don't know what to do Posted: 29 May 2021 06:30 PM PDT Two million dollars. I want to invest all of it. I'm 20yo and I love to learn about finance, money, investment, wealth, etc. I'm currently a finance student at HEC. I think I already know a lot (or at least enough) to start investing super securly (no risky trading/gambling with stocks/options, only blue chip dividend and growth stock kind of thing). I do have debts and things I want/need to buy now, but I did the math and I know that I could live from this 2M$ investment if I invest it on stocks with an average APY of 5% (which would generate 100k/year if the stocks themselves do not decrease), so investing that sum is way more worth it than using it now. Here is the thing: I don't want to give this money to a portfolio manager, hedge fund, banks funds with different risk levels or to anyone that is supposed to use it more efficiently and in a smarter way. I want to learn everything these people do, how they do it and apply it myself to be in total control. Not by ego but because that is my actual goal: manage my own wealth. I want to become my own portfolio manager. I think these people won't help me learn about finance and how they manage money. I think they are only here to use mine and take their % of profit, which is their goal commercialy and I respect that. I think that letting a pro manage your wealth can be a good idea for someone that isn't interested in finance as I am or for someone who doesn't have the time and energy that I have to watch regularly a portfolio. So I'm asking you guys: what should I do? Should I invest it all myself? And even if I do it by myself, should I DCA over the next months/years (buy a certain amount regularly) or throw it all once? Should I consider other investments opportunities such as real estate, crypto, etc.? May be I shouldn't even touch this money and forget it until later? I already know that I need to invest in myself because one's mind is his greatest asset. This is what I'm doing with school and everything I learn. But I can objectivly say that for now, I'm not 100% ready to manage 2 milions dollars. I need to know what to do with this money. Thank you very much and sorry for my english mistakes. [link] [comments]  |
| Grandpa passed away, raised me and had custody of me and I can't find a will Posted: 29 May 2021 06:49 PM PDT Hey all, sorry if this isn't the right place to post but here it goes. Back in Feb I made a post as to seeking guidance to help possibly sell houses and take my grandpa in as his health was really deteriorating. Previous post is here if you care to read: Previous Post. My grandpa sadly passed away on May. 20th and I can't find a will... I tried everything. Here's the catch though, he was my grandpa/dad as he raised me but he isn't my blood. He was there before I was born and as stated took custody/raised me. He has two daughters from his first marriage whom I've never seen, spoken to , or met in my life. They had a major falling out before I existed (1986 or older). I'm scared as it was always me and him, I took care of him when he visited, fly down to FL twice to help him and keep his bills up to date and was the PoA for medical purposes until his last breathe. I was there every step of the way, always have been and even though it was verbally stated numerous times over the years in jokes or even arguments that I get everything when he dies... I can't find it in writing. I don't want his daughters to come out of hiding after 3 decades to claim his property and defile my grandfather's memory and I'm so lost on what to do or how to possibly fight. My names everywhere for medical stuff and I was obviously the only one there during his last few months too. Thankfully I did find his life insurance which has me listed but as for the house, car , bank accounts I'm out of luck. This isn't even about the money, it's about his wishes and his memory. Please anyone who can help me... I'm so depressed and lost. Another thing I forgot to mention. I have a home in NJ, which my grandpa's name is on since my credit wasn't the best. Sadly it being a pre-built home and it's a loan/not credit I wasn't able to be added to it. I'm also at risk of losing my house too since my name was never on the loan even though I paid the 20% down payment, bills, monthly costs, and so on... this is seriously destroying me as I have no other family, and nowhere to go if this all goes badly. I'm sorry anything I missed feel free to ask. [link] [comments]  |
| Credit Score destroyed due to autopay error Posted: 29 May 2021 12:21 PM PDT I had an excellent credit score in the 800's. I had an autopay set up to pay down my student loan debt each month. It had been set up for years and I never thought about it. I was getting a lot of what I thought were spam calls of "debt collectors" telling me I owed them money. I ignored them for months along with the other scam calls I get all the time "The IRS is coming to arrest you..." "Your cars warranty is about to expire.." etc. You know the calls i'm talking about. I never pick up for numbers I don't know. Well one day I decided to check on my credit score randomly. I knew it was excellent but wanted to see if it was going up. When I pulled it up I was shocked that it was at 650 - in the "Fair" category. Surely this must be a mistake. I check two other credit score sites and they both showed the same amount. What is going on? Fraud? I found the month that my credit core tumbled 150 points and it was due to mispayment. I was confused because I autopay everything and my credit card balance was at zero. It turns out that at some point, the autopay for my student loan debt just stopped working. I have no idea why. I was never informed of anything. I'm thinking the school may have switched bank accounts and I never got any notice. Anyways, after months of no payment the school sent my account to a debt collection agency which I had been ignoring for months because I thought they were scam calls. So I immediately paid off my outstanding balance. I actually paid off the rest of my school debt. I thought that paying off the full balance would put me back into good standing. Nope. Credit score still in the shitter. I called the school and they said they didn't know why the autopay stopped working and that they have nothing to do with credit score. I sent in letters to three credit score agencies trying to explain my situation. I got responses that my case was reviewed and denied by all three because the information they received from the school/debt collection agency was correct. At this point I don't know if there is anything I can do. I read that it takes 7 years for a debt to be forgiven and I want to buy a house soon. My excellent credit score that I worked so hard for all of my life is now average because of an autopay error that no one seems to be able to explain. I've read that in some cases a "goodwill" letter can help but I have no idea if that is even worth the time. Does anyone have any advice? Or am I screwed? [link] [comments]  |
| 41, no savings. what’s the best route to retirement? Posted: 29 May 2021 09:19 AM PDT i just got a promotion and a decent raise to 56k a year. it's not much but more than i've ever made in my life. due to the housing shortage where i am going i bought a trailer to live in. this significantly decreases my monthly bills to about $1200 and i'm wondering what the best path is to saving some money for the future. i have 60k in debt between my vehicles, small credit cards and student loans. i plan on paying those off entirely before renting/purchasing a home. my work offers 401k but i haven't been participating due to being poor. i'd like to get started now but i'm not sure if there is a better option. i'd also like to start putting away cash in some other type of investment. i know nothing about the stock market or anything. youtube gurus have just made me more confused. how much should go in investments vs savings? what investments are the safest? which will potentially make the most money? help. TLDR: 41, no savings & 60k debt. about 41k gross leftover per year. what's the best thing to do with this money? [link] [comments]  |
| Hey guys I recently quit my job for a city job is this a good career move or a step back? Posted: 29 May 2021 03:07 PM PDT So guys I live in spartanburg south Carolina in a at-will employee state. I was getting paid as a warehouse worker making 14.90 a hr working 6 days a week and a option to volunteer for Sundays. I quit that last week Friday for a job for the city taking a paycut making 13.57 a hr as a school custodian, the job itself is led back and great nobody is looking over your shoulder worrying about what you doing in when so much better work environment and off weekends So my question. Is it worth it to stick it out with this job just for a pension and option to retire at 60 years old or should I chase real money and find a career? My background is I'm 28, married 5 years just brought a house with a 646 monthly payment and I owe the IRS 1600 and my credit card is 1800 (at it's limit) but I'm good overwise I own 3 cars. I left for the option for retirement. [link] [comments]  |
| Buying a second home, as a primary Posted: 29 May 2021 06:03 PM PDT Hello all, I am trying to get more information on obtaining a second home. My fiancé and I are trying to buy another house, one which we plan on living in and have it be our primary home. We would like to keep our house that we currently have and rent it out as a potential income if we are able to get another house. Is there a specific process this can be done in? What should we do now, to help us achieve our goal in the future? Location, Las Vegas NV, USA. THANK YOU. [link] [comments]  |
| Posted: 29 May 2021 11:55 AM PDT It took 8 years. But we finally knocked our $15,000 credit card balance down to $1500. We did this via:
Which brings me to my question. I have 17k in savings. And I'm about to make another CC payment. Should I just use my savings for a portion of the payment and knock out the balance? I have a zero APR till December. Am I being impatient or just pull the trigger? My thinking is once this gets paid off it's going to be like a $500 a month raise since that is what we have been paying. [link] [comments]  |
| Ex-Employer Claiming I owe them Posted: 29 May 2021 07:04 PM PDT I recently quit the large orange hardware store, I took advantage of all their programs, 401k, ESPP, etc.. 2 weeks since I quit, I get all my final payments and letters about my ESPP termination and Health benefits yada yada. Then today I get a letter stating that they overpaid me by 52 vacation hrs totaling 759.25. However, even adding my rate which was $17/hr it's not equal to that amount, it's roughly $100 more. I hadn't looked at the numbers for my final pay, I trusted such a large company would get it right. I do see there was an overpayment of the 52hrs vacation time, I only had 62 hrs and they paid out 114. Upon further inspection, the amount of my ESPP that was not matured ~$920 was not dispersed back to me (I have a letter stating it was supposed to be), could the extra vacation have been for the ESPP amount and now they are calling it an errors and attempting to screw me over? I had issues with HR at my location since day 1 and they are the ones in charge of finals hrs reporting and all that sort of stuff. Should I worry about this? technically I am still owed ~$100 from them for my leftover ESPP, or should I see if they attempt to contact me again or escalate the situation (none of the letters were sent certified) CALIFORNIA btw, thanks in advance [link] [comments]  |
| Posted: 29 May 2021 06:54 PM PDT A Driver License Suspension Request and Claim Settlement Offer $4058.63 was sent to me last month. For and accident in august 2020. I didn't ask for debt validation and agreed to pay a 3 part plan. This month I was ready to pay again, but I get a letter on the 17 saying my balance is now 9058.64. The original letter has a pending next to the payment, while this new letter does not. So I call to see why they changed the price and since the 17th they say progressive added another 10,000 to the debt. Tuesday June 1st they can call back with more information and theres no late fees for not paying this month. What should I do in this situation? I have insurance now, can they help me with this. Should I ignore it? The car I have is to expensive to fix for smog (CA) so I don't know if I even care if I have a license since I wont be driving anyways and plan on selling it for junk. Iv spent allot of money already on fixing my car (2,500+), insurance (1,000+), and this debt (1,352.88) Did I already screw myself by paying without a debt validation? Thanks for any advice, I appreciate it. [link] [comments]  |
| Choosing to go Electric or Not (Vehicle). Posted: 29 May 2021 06:47 PM PDT My partner and I are currently evaluating getting a new vehicle. I understand this sub's opinion on leasing, but we're going with it for a variety of reasons. Nonetheless, we've narrowed down our search between a traditional internal combustion engine and an EV. We live in an apartment complex with a L2 charger and would be only 1 of 2 EV owners for the near future. Not ones for road trips, we might still take one or two during the year (no further than 500 miles). Having computed estimated charging, registration, the leases themselves, service and insurance, the EV comes out to be about $1750 more over three years. This includes the EV's higher MSRP and the fact that it'll need new tires almost immediately (manufacturer adds terrible ones). At the moment, we're also about to kick off our first house hunt. Given that getting this car has to do with a total accident, we cannot avoid multiple hard credit checks. The house will most certainly have a charger installed within months to a year, but the option of not buying a house still exists. We do get $5000 in either case for payments from our previous vehicle's total. Charging will possibly be cheaper in the long-run if gasoline prices continue to remain or increase from their current levels. But there are multiple inconveniences along the way. The next house or apartment might not have charging. Range is impacted much more noticeably than with a traditional car due to inclines, heat, driving style, etc.. The alternative is not a bad vehicle by any means. They're equally safe, practical (in all but fuel metrics), and decently fun prospects. It's a win-win in either case, but one does come with more uncertainty. Lastly, it's worth noting that we're environmentally conscious as it is. It does not hurt that we also like the EV more. At what point does impracticality outweigh preference? $1750 is a high estimate for the difference, but in the long run, how much does this matter? Any thoughts, anecdotes, or opinions? TLDR; considering an EV lease in an apartment living circumstance. Costs more, potentially more inconvenient, but we like it more. [link] [comments]  |
| Buying a House - What can I afford? Posted: 29 May 2021 06:26 PM PDT My wife and I are trying to figure out how much we can afford for a house. These are the main points I've been looking into to help figure this out: Am I investing enough into my 401k?
How much of our money should we keep in a bank for emergencies/bills?
How much of our money should we be investing?
And for the last question that I'm trying to figure out. How much can we afford for a house?
I've probably spent about 5-6 hours today reading through the personal finance wiki to gather this information. Please let me know if I've misinterpreted anything and what your thoughts are on how to figure out what kind of house we can afford. [link] [comments]  |
| Company incorrectly entered W4 Posted: 29 May 2021 02:24 PM PDT Hi Everyone, I posted a few months back about my almost $4k tax bill which was mind boggling to me because both my husband and I file married but withhold at the single rate, or so I thought. I approached my HR contact who claims in our system there was only an option for "married" or "single" and because I had "married but withhold single" she just chose to select married which caused me to owe $4k this year. I did not catch it the previous year because I had only been there 6 months and had a grad school credit so I basically broke even and nothing seemed off to me. I fixed the W4 but trying to pay this tax bill has put a huge burden on me so I am wondering if I have any recourse? Either with the IRS or my company? I love my job and I'm scared to "rat her out" for lack of a better term but this has been very stressful for me. [link] [comments]  |
| Tax advantaged accounts in their own portfolio? Posted: 29 May 2021 08:19 PM PDT Do you consider all of your accounts as one large portfolio? Let's say you want 10% of your portfolio in REITs and you want to keep those REITs in tax advantaged accounts. Do you ensure 10% of your overall portfolio is in REITs, but keep those REITs in an IRA, for instance, thereby making your IRA have a higher-than-10% holding in REITs? Or, would you consider your tax advantaged accounts (401k/IRA/etc.) as a separate portfolio, keeping 10% of them in REITs. And let your brokerage accounts do their own thing. [link] [comments]  |
| Should I contribute 20% of my internship earnings to retirement savings? Posted: 29 May 2021 08:17 PM PDT I have an internship starting soon. I'll earn around $5,400 in total, after taxes. I'll be graduating from college in December but will not work during the fall. I still live with my parents and only have about $250 monthly expenses. I already have a substantial emergency fund that should cover about 6 months of my expected salary when I get a full-time job. If I put 20% into a Roth IRA, I will be able to cover my expenses until March 2022 (3 months post-graduation) and will leave myself with a decent amount of discretionary income. I can probably stretch it to 25% towards retirement or even 30%, would this be a good idea? Should I put more into retirement? Less? Thoughts on saving for retirement during an internship? Thanks. [link] [comments]  |
| Posted: 29 May 2021 10:42 AM PDT I have a terminal illness. When I die, I want my body disposed of in the cheapest way possible (preferably no cost whatsoever). I am perfectly fine with my body being left out in the middle of nowhere for the scavengers over paying anyone to do anything. Looking for other, more legal ideas though. EDIT: I will submit a consent form for donation to the nearest body program (there is only one for my entire province), but there is no guarantee it will be accepted. By either the program or my next of kin. If someone decides to contest the donation after I'm gone, the program won't be able to accept. It's also possible the cost of body transportation may be too high. The program does not cover that. So I'll need a backup solution. I am currently waiting on quotes for the cheapest cremation services in my area (Canada). [link] [comments]  |
| 21 yr old looking to work towards financial freedom Posted: 29 May 2021 04:06 PM PDT I'm 21 I'm in school for welding while also learning how to code and work in a manufacturing plant , what would be the best ways to work towards financial freedom ? [link] [comments]  |
| Posted: 29 May 2021 05:33 PM PDT I decided to open it up this week and set a $500 deposit from my Bank of America Checking account each month. Im really new to this. 28 and never thought of investing, but Im getting to a more stable financial place and want to start being smart with my money. Zero debt, fully funded 3month emergency fund.. $500 is really close to 15% of my income so Im starting there knowing that I wont max out for 21, but will for 22 I've been watching some youtube videos and reading articles, but honestly beyond knowing that mutual funds would be a good place to start im a little lost. Any good resources to help? I can do my own reading, I might just need pointed in the right direction [link] [comments]  |
| Posted: 29 May 2021 07:17 PM PDT I know right now I'm paying interest every month on this card and my money isn't really earning anything sitting in savings. Would it be best to clear this debt? [link] [comments]  |
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