Personal Finance Ally Bank eliminates overdraft fees entirely |
- Ally Bank eliminates overdraft fees entirely
- Doctor charged me for labs I didn't consent to....help!
- sister in laws credit pulled each time her ex applies for a loan.
- 21 year old basically homeless overnight needing advice
- No mid-cap at Schwab? Plus a question about buying the "wrong" target date fund.
- Discovered I'm basically paid half of what my colleagues get. How to ask for a raise?
- Dentist office opened a credit line in my name
- Is anyone doing HELOCs? Any worthwhile alternatives?
- Should I (19) with $7,000 pay off my car, or open a Roth IRA/investment account.
- Conventional mortgage rate options
- Consumer Explanation Letter For Account That Was 90 Days Late Three Years Ago (Mortgage Application)
- Quit job to focus on college while living at home?
- Should I go for the low paying job with benefits or the higher paying job with none?
- 28yo: Please critique my current finances & help me find out when I can retire
- Keep permanent life insurance from babyhood at $6/mo?
- Help Filling out f4506t for a Non Filers Verification letter
- Take the conventional loan or the first time home buyer options
- Is it possible to pay off $21,000 in credit card debt with a $15/hr, 40 hour a week job and an $850 a month apartment?
- I was offered $1700 over msrp for my car. Should i take it?
- VA vs. Conventional mortgages
- Received $894 from “IRS Treas 310 Ref”
- What's wrong with saving a bunch for retirement now and just stopping after that?
- Just gave out personal information to a phishing scam over text. How worried should I be?
- Why is it important to get a good deal on a house if the alternative is paying a landlord?
| Ally Bank eliminates overdraft fees entirely Posted: 02 Jun 2021 07:12 AM PDT https://i.postimg.cc/ZqPMmZQC/ally.jpg Just got this in an email and thought I'd share. They'd been waiving them automatically during the pandemic but have now made the change permanent. [link] [comments]  | ||||||||||||||||||||||||||||||||
| Doctor charged me for labs I didn't consent to....help! Posted: 02 Jun 2021 07:17 PM PDT I went to the doctors for severe pelvic pain as a self-pay patient. They asked me if I wanted other testing such as urine and STD. I declined. All I wanted was the ultrasound due to some other health issues I've had in the past, I wanted to make sure everything was ok. The nurse practioner never said anything about ordering additional tests. I told her I don't have insurance. Even at the end of the appointment she never said anything about test results/tests taken. I paid in full and left. Then a week later I get a bill for $382 with labs they took. I've talked to so many people there and they keep saying it says in the notes I approved it....but I didn't! Heck, I haven't even seen the results of these labs or been relayed anything about the results...I told them that. They knocked off 20% since I'm self-pay. This makes me sick to my stomach, I didn't approve this, so I don't want to pay for it. They are refusing to back down. I already filed a complaint with the state's consumer protection about my case. If I asked for these labs and knew I was getting them, I would have absolutely no issue paying for it, the fact that they blindsided me with tests I didn't know about makes me irate. Any advice on what else I should do? [link] [comments]  | ||||||||||||||||||||||||||||||||
| sister in laws credit pulled each time her ex applies for a loan. Posted: 02 Jun 2021 05:33 PM PDT my sister in law has been divorced over a year and no shared assets, but every time her ex tries to get a home loan, a rent a center loan, her credit gets pulled too. how does she prevent this? [link] [comments]  | ||||||||||||||||||||||||||||||||
| 21 year old basically homeless overnight needing advice Posted: 02 Jun 2021 02:05 PM PDT Just turned 21 and have a really bad living environment. my parents want me to be gone within 10 days. I have no car and no place to stay. My plan was to get a small loan of 5k but it seems people on here say that's far to small. I'm only 21 and have a 697 credit score. I need at least a 3,000 car and at least 750 bucks to pay for rent at some place. After getting the car I can easily get back to working at Amazon as had a job there previously and my old boss told me I could easily come back if not I can use my door dash account and immediately be making $18 an hour. Not great but it will do right? I am also in summer college courses right now and going to college in the fall if that matters What type of loan should I get and how much? [link] [comments]  | ||||||||||||||||||||||||||||||||
| No mid-cap at Schwab? Plus a question about buying the "wrong" target date fund. Posted: 02 Jun 2021 07:13 PM PDT Got two questions:
Thank you so much! [link] [comments]  | ||||||||||||||||||||||||||||||||
| Discovered I'm basically paid half of what my colleagues get. How to ask for a raise? Posted: 02 Jun 2021 06:53 AM PDT Some background: I've been working at the same european automotive company, in different locations, since 2017. First 2 years I was an intern at my homecountry, then 6 month at the headquarters in Europe. After finishing it, I was offered an engineering position in Asia, working with the same product (so I already had plenty of experience). Now I'm here for about 16 months and, while it is technically my first full time job, I already deliver the same quality of work as my peers with the same job description as me, since I have over 3 years of experience with it. Today I was talking with one of my friends who's leaving the company and confirmed a suspicion I had for a while: I'm severely underpaid, getting less than half of what some of my colleagues earn. Some of the older ones are actually closer to 150% more, and he was also shocked I was getting so little. Another detail is that most of the work he's leaving behind is going to end up with me, a different product which I had no training or experience with. This, coupled with the amount of overtime I already clock every month and the amount of business trips (close to 60-70% of the time), really made me demotivated and kind of angry. I'm from a third world country and this job seemed like an amazing opportunity for me, since it's really difficult to find any employment back home nowadays. Also, ever since I came here I've been away from my wife due to Covid, so you can already guess my personal situation is also not one of the best. Anyway, after confirming this, I've been really thinking on how to approach my manager about a salary increase. Performance review was done last month and I got "meet expectations" and "exceed expectations" across the board, but I don't expect any significant increase from that (probably between 3-5%). I've seen plenty of advice here on how not to discuss your colleagues salaries with management, but the difference is so big it seems difficult to avoid. I'd really appreciate some advices on how to approach this in a way that it doesn't burn bridges or creates too much conflict. Edit: Thank you all so far for the good advices. Seems like the best way is to first get a real reference of my market value outside the company and then use this as leverage on the discussion. Also, I think using the new responsabilities I'm currently taking can also help. I will remember not to take it personal and avoid comparing my earnings to others. Anyway, thanks again everyone :) [link] [comments]  | ||||||||||||||||||||||||||||||||
| Dentist office opened a credit line in my name Posted: 02 Jun 2021 04:07 PM PDT As the title says. I went in to inquire about some dental work and asked if they offered financing after they showed me an estimate of over 5k. The manager of the office told me they partnered with a provider that offered it. She had me sign what I *thought* was an authorization form to give my details to the credit card company. She went into her office and in less than 5 min told me I qualified for $4500 **IF** I chose to do the dental work. This was all over 2 weeks ago. Well today I got a ding on my Credit Karma stating that I had a new account opened, for $4500. I called my parents (to see if anything came in the mail for me, as I live away in college) and they informed me I got a card in the mail for something... opened it and lo and behold it was a credit card and letter stating all the details about my new account with them. I DO NOT want this account, but I know that closing accounts is bad for my credit. What do I do here? Im not even planning on getting the dental work until after school, and even then dont think I will finance it. The rates they offered were too high for me anyhow. I never even received any sort of notification from the credit card company. What should I do? Call the dentist? I dont want to bark up the wrong tree. Is there a grace period from the time an account is opened to close it and not hurt my already not-that-great credit? [link] [comments]  | ||||||||||||||||||||||||||||||||
| Is anyone doing HELOCs? Any worthwhile alternatives? Posted: 02 Jun 2021 02:55 PM PDT I do all my banking with either Chase or Schwab. I'm sitting on a hefty bit of cash savings that I would rather put toward my mortgage instead of having it sit in savings losing value with inflation. I want to be able to draw back out on my equity in case of an actual cash emergency though, which would be rare. I used to have a HELOC on my old home and it was great to have, but Chase seems to think its still April 2020 and isn't doing them, I hear none of the other big banks are. Schwab isn't a real bank and they just have connections to quicken, who I think I'd have to do a proper refinance with, incurring a bunch of closing costs. Everyone keeps telling me to just get a cash out refinance, but they aren't the same thing. I want the revolving line of credit that I can draw on and pay back and draw again. A cash out refinance would be a lot of work to pull it all out at once, pay back and then I can't access it again, same as the mortgage I've already got. Are there any other financial tools that would give me the same utility or similar? Are credit cards it? [link] [comments]  | ||||||||||||||||||||||||||||||||
| Should I (19) with $7,000 pay off my car, or open a Roth IRA/investment account. Posted: 02 Jun 2021 12:19 PM PDT I (19f) am turning 20 in a week. I've been procrastinating on what to do with the money because I don't know enough to make a confident decision. My family is not knowledgeable about finances, and I am the first to do this sort of thing. Debt: I have $7.7k in car loan debt (I live in Texas where everything, including my school, is 30 mins away and needed a reliable car) 38 months left on the loan, $227 a month, 4.4% APR. I have $3,500 in student loan debt - I have two years left of college so I expect to be in about $10,500 in debt after college. I may get into more debt because I may go for master's depending on where I am. I plan to make at a minimum of 50k upon graduating in two years. Finances: I have 2k in a credit union savings account that earns nothing and 5.4k in checking accounts. Those total to around 7,000 dollars. I also have 1.7k in crypto (don't know how long that will last or what I'm doing). I am currently making around 1,100 a week at my summer job and expect to have at least 11,000 in liquid money by July. Situation: I'm a student, and I work a TON during the winter and summer months. That money lasts me through the semester to pay my car bill and for any activities, I'll also babysit here and there for extra cash. If I open a Roth-ira account, I'm leaning towards Vanguard because they are "people owned" but have no clue what bonds/stocks/ETF's to go for - or if I should work towards paying off my debts so I don't have monthly bills and can have freedom from debt. I live at home, and my only monthly expenses are my car payment ($227 m/o) and food/activities/selfcare/and a small credit card bill. Total monthly expenses are $300-450 a month. I have so much anxiety about the future and really want to set myself up. I understand that time is the most valuable asset for this, so I want to start ASAP! I would like to do something more hands-off that has promised growth. I'd also like to do something where I can enjoy the money once I'm 30-40 but retire well off. I really just want to know what option makes sense. Does it make sense to get out of debt first, or open a Roth IRA, or do an investment account where I can pull the money before 65, or crypto, or anything I don't know about. If you think I should do one option how should I allocate the funds? All recommendations - ANYTHING (even books/podcasts)- are so very appreciated !! [link] [comments]  | ||||||||||||||||||||||||||||||||
| Conventional mortgage rate options Posted: 02 Jun 2021 07:23 PM PDT I'm refinancing my construction loan of $344k to a conventional 30 yr fixed rate mortgage and have been given 3 interest rate options. 2.875% with a credit towards closing costs of $430 3.000% with a credit towards closing costs of $2,150 2.750% with an added fee of $2,580 My math tells me the difference between the 2.75% and 2.875% over 30 years is $5,270, including the fees/credit added to closing costs. The additional $2580 I'd save instantly by choosing the 2.875 rate seems like it's worth far more now than $5,270 will be worth in 30yrs accounting for inflation. Is there something I'm missing here? Any advice would be greatly appreciated! [link] [comments]  | ||||||||||||||||||||||||||||||||
| Consumer Explanation Letter For Account That Was 90 Days Late Three Years Ago (Mortgage Application) Posted: 02 Jun 2021 04:26 PM PDT So, I could use some advice here from any brokers or underwriters. Four years ago my credit was bad, I got an offer for a card by what I later learned was a shady company. I took it. After about six months, they started screwing with me. I was trying to rebuild my credit, so I was paying off the balance every month. Around six months I got locked out of my account. "Wrong password." I knew my password was correct, but called them anyways. They asked me security questions. "All wrong." I was basically locked out of my account. Sure, I could have sent them checks, but I was pissed and said fuck them. A few months later, my balance is now at like 1200 with interest, they call me and say if I close the card and set up auto pay with my checking, they'll greatly reduce the interest rate. Whatever, I was young and dumb, told them fine, and basically forgot about it. Anyways, that 2018 delinquency is obviously on my credit report. Now, my mortgage seems good to go depending on that consumer explanation letter. Rates locked in, closing attorney has already set up a date with me yesterday, bank sent me a a commitment letter to sign late this afternoon, with just that consumer explanation letter needing to be filled PTA. So what do I actually put? I need an explanation and an outcome. Outcome, no problem, I set up a payment plan and have been on time for the past 40 months and have never missed on. But what's a good "explanation." Obviously, "The shady and predatory company offering the card made me mad and I was young and dumb and said fuck them" isn't going to fly. What do I put? [link] [comments]  | ||||||||||||||||||||||||||||||||
| Quit job to focus on college while living at home? Posted: 02 Jun 2021 04:06 PM PDT I just finished my associates degree and I'm going to be continuing onto my bachelor's degree in a couple of months. I currently work roughly 25 hours a week and my work environment has and will continue to be more demanding of my time, and mental energy. I have been with this company nearly 4 years and I am in a quasi-managerial role. I am currently living with my parents as that is how they are helping me through college. I have enough savings to be able to finish college and pay my monthly expenses while completely school. What are your thoughts on leaving my work position to focus on completing my bachelor's degree? I am planning on attending WGU which can be accelerated as much as I can complete from my understanding. This is mostly concerning the financial implications of this decision, but if anyone has any advice concerning professional development that is always appreciated as well. Thank you for any feedback or advice! [link] [comments]  | ||||||||||||||||||||||||||||||||
| Should I go for the low paying job with benefits or the higher paying job with none? Posted: 02 Jun 2021 02:18 PM PDT So both jobs are relevant to my field (childcare), but I'm stuck on which one I should go for. I've already passed the 2nd interview for both, so I'm fairly confidant that I'll be hired but knock on wood. The 1st job is working as a part time teacher for an afterschool program/full day program, the pay is $13.50/hr, but if I work enough hours I'll get health care benefits. Not to mention that since I'm going back to school for my teaching degree, I feel like this would look better to future employers, it's also for 10 months or a full school year. The 2nd job is working as a camp counselor for a daycare program that closer to my house, works well with my upcoming school schedule, and pays $15/hr. However, there are no benefits and I feel like it's not as impressive as the 1st job. My family is saying that I should get the $15/hr since it pays more and that I barely go to the doctor anyway(mainly because I don't have insurance). My gut is telling me to go for job 1, but since this is my 1st time applying for a job with benefits, I'm wondering if I'm focusing on that too much and missing out on a extra $1.50 in pay. Or should I do both? [link] [comments]  | ||||||||||||||||||||||||||||||||
| 28yo: Please critique my current finances & help me find out when I can retire Posted: 02 Jun 2021 07:26 PM PDT Hey lurkers, I'm back for my random financial check-in. Any critique, feedback, or ideas for better use of my savings habits would be greatly appreciated!
One thing I struggle with a lot is projecting my portfolio's value over time. I've tried several "retirement calculators": some simple, some complex, and while they all say I'll be OK, the swing in projected portfolio numbers varies greatly. I'd love some help to project a reliable number to get an idea if I'm saving too much (or too little!).
My goal is to prepare myself to retire as early as I can (and figure out when that is) without grinding as hard as FIRE folks and giving up today's luxuries, conveniences, & happiness.
About me:
What am I not doing that you would do? [link] [comments]  | ||||||||||||||||||||||||||||||||
| Keep permanent life insurance from babyhood at $6/mo? Posted: 02 Jun 2021 06:12 PM PDT My wife (32) has a life insurance policy that was setup by her parents back in 1995. Thrivent Horizon Insurance for those familiar with "Lutheran Insurance". The premiums are $17.90 QUARTERLY. It is a $15k death benefit and a 4% guaranteed return, with a cash value in the $500's today. Her parents were sold the line of "it's valuable" and all that jazz then told her the same thing, so she's sporadically paid on it since they signed it over to her about 10 years ago. She forgot during all of 2020, and recently got a letter from them saying the premiums would be coming out of the cash value until she resumes payments.
Through my work she has annual term life coverage worth $50k that costs me less than $1/week, with additional "non-contributory AD&D and Life insurance" coverage worth up to $14,500 combined. The $50k can be increased during open enrollment (higher amounts require a physical though) but I don't remember the values or costs. So through my work benefits, we can cover her EOL expenses. She's working part time for the next 5 years minimum, and doesn't have access to life insurance through her work.
Knowing what I know about whole life, I'm questioning keeping the policy. On one hand it's whole life...but on the other hand it's only $6/mo, has a 4% return, and will cover (some of) the funeral expenses when that day inevitably comes. All regardless of my work benefits.
The $6/mo thing has me stumped on what to do since it's significantly cheaper than every other permanent/whole life scenario I've read about. I've never shopped for term life, so I'm not sure where to look for an independent policy if that's a better route to go. We have 1 child, and plan to keep it that way. Minimal debt. I bring in about 80% of the income. Losing her income would require budget changes, but wouldn't cause a financial hardship so I don't see a need for 6 or 7 figure policy. [link] [comments]  | ||||||||||||||||||||||||||||||||
| Help Filling out f4506t for a Non Filers Verification letter Posted: 02 Jun 2021 05:13 PM PDT I am being asked to submit this document to the irs to get a non filers verification letter and I have read other sources that aim to help give instructions on how to fill this out but I am still unsure if I have been filing it out correctly. I have tried to fax it unsure if they received it or not because I never got a response (This is already two months ago) and I tried mailing it but I am unsure if I correctly filled it out. Firstly Where I am having trouble is on item 6 do I leave this blank or what do i put ? I need the letter and am unsure of what i should put down here. My second question is regarding the year(s) that I need the letter for I need it for 2019 and 2021 what would be the correct format for this ? Any help would be great ! This is a link to the document I need to fill out : https://www.irs.gov/pub/irs-pdf/f4506t.pdf [link] [comments]  | ||||||||||||||||||||||||||||||||
| Take the conventional loan or the first time home buyer options Posted: 02 Jun 2021 05:11 PM PDT A while back one of my coworkers recommended anyone buying a house to take the lower down payment options and invest the rest in long term places. So for example, say you have $100k saved up for a down payment you would take advantage of say 3.5% down and invest the remaining in stocks bonds etc. Honestly I didn't think of this since I grew up only putting down 20% or more and my husband grew up just poor (rice and ketchup for dinner sometimes). So I'm curious on other people's thoughts about this investment route? [link] [comments]  | ||||||||||||||||||||||||||||||||
| Posted: 02 Jun 2021 05:10 PM PDT I made a post earlier asking about my credit card woes (21k debt, $425 minimum, $200+ in interest per month), and a lot of people said I wasn't making enough at my current job. The problem is right now I don't think it'll be possible for me to a get even an entry-level job in my field, and I'd like to take advantage of the hiring surge for minimum wage jobs. I live in California so the minimum wage is higher, but I likely would be quitting my current part time job in my field. How possible is this? If I turn my debt into a personal loan that requires me to pay a certain amount every month, will I be able to do it off that income? Any advice is appreciated. [link] [comments]  | ||||||||||||||||||||||||||||||||
| I was offered $1700 over msrp for my car. Should i take it? Posted: 02 Jun 2021 05:39 PM PDT I have a 2019 Hyundai Accent that i quoted from carvana. They offered well above what i paid for it. My gap refund, vehicle protection plan, and finish protection plan should be refunded at a pro rated rate according to my contract. Im calling tomorrow to make sure theyre even eligible for refund after loan payoff. All together i should have $5000+ after i get all of the checks. It will take a couple months to process all of these refunds so i would have to pay my bills for 3 months. Mind you im currently unemployment, and if i did this my bills would be $130 a month until i can get back into a vehicle. Then of course my bills would increase. Would getting out of a loan into a decent used vehicle be a good option? Or should i not risk it with how hard it is to find a decent car rn? [link] [comments]  | ||||||||||||||||||||||||||||||||
| Posted: 02 Jun 2021 06:48 PM PDT My wife and I have good credit and enough cash for a large down payment. Should we still be considering VA loans? The APRs I'm seeing are higher but the interest rates are lower. [link] [comments]  | ||||||||||||||||||||||||||||||||
| Received $894 from “IRS Treas 310 Ref” Posted: 02 Jun 2021 08:21 PM PDT Is this the unemployment adjustment I've been waiting on?? I thought it would be like $100-200 difference. I'm shocked it's this much (honestly didn't think it through). I could really use it right now but I'm afraid to. [link] [comments]  | ||||||||||||||||||||||||||||||||
| What's wrong with saving a bunch for retirement now and just stopping after that? Posted: 02 Jun 2021 06:35 AM PDT I'm 29 and within the year I should have 100k saved for retirement. I only make 48k so that's a lot to me. I also own my home and have no other debt besides my mortgage (111k right now). My current job is ok. It's a government job and the health insurance is good but that's the only benefit aside from paid holidays and vacation. I'm thinking once I get to 100k in investments I'll stop saving for retirement to focus on paying off my house. Yes, it won't be the highest return but it will reduce my expenses by 500/a month. I figure it will take me about 6 years to pay off my house at that rate. I'm planning on starting a side hustle and going part time at my job at that point. If I work 3 days a week at a job in my industry I can expect to make 27k a year. I plan to work on my side hustle the other days of the week but considering I'll be giving it years to grow I hopefully will be making at least 23k a year from that. Is 100k invested at 30 plus social security going to be enough? I should also say I have a partner will a similar amount saved and we plan to get married next year. He plans to make about the same as me (50k a year) once he's done school. We're still figuring out exactly what he wants to do. [link] [comments]  | ||||||||||||||||||||||||||||||||
| Just gave out personal information to a phishing scam over text. How worried should I be? Posted: 02 Jun 2021 08:09 PM PDT Fell for a job offer scam, guy managed to send a somewhat convincing email to my school account. Gave him my full name, phone number, the name of my email account, and the college I go to, as well as the details of my last two jobs (I sent my resume). Should I be worried? What measures should I take to protect myself? Thanks in advance. [link] [comments]  | ||||||||||||||||||||||||||||||||
| Why is it important to get a good deal on a house if the alternative is paying a landlord? Posted: 02 Jun 2021 08:05 PM PDT Im a recent grad making decent money. I know the housing market is not great for a young guy with currently modest savings, but I'm wondering why I'd ever pay a landlord longer than I have to? Interest is low, so even if I overpay by like 10% is it not better than another year+ of throwing money at some apartment complex? At least I'm putting a lot of my money into equity with a house, right? And if the market gets worse and I can afford another, I can rent the first out and get any cap rate higher than my interest rate, I'm sure? If it helps, I'm not a big spender, have a decent salary, and fantastic job security. Thanks in advanced! [link] [comments]  |
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