Personal Finance My $3 A Day Rule |
- My $3 A Day Rule
- My parents want me to take over their mortgage
- Stock certificate I bought 25 years ago found in my attic. How do I sell it?
- I've been getting credit card offers addressed to my estranged brother, who hasn't lived with me since 2000. How can I get them to stop?
- How much does it cost to keep someone off the streets? (USA, brother getting out of prison)
- Sent apartment application with banking and SSN to wrong email & got spam call right after…
- Advice: I have $10k for risky investment
- Risks of buying a house with spouse before marriage? Advice on how to do it correctly?
- My mom mislead me into co-signing a $40000 car loan
- What's the difference between buying an index fund with a brokerage account vs buying the same index fund within a 403 b?
- Advice on creating an investment portfolio with a 45k salary
- Could I get some advice on what how you would invest and budget the investments?
- Loan company messed up my mortgage
- Before reading a book about investing, personal finance, or money in general. How do you find out it’s the real deal useful information and not snake oil advice?
- Debt consolidation options
- Balancing my savings and ROTH IRA
- Incorrect designation for spouse on work provided insurance benefit
- Negotiating rent when your landlord is a large firm
- NYS Unemployment waiting
- Where should I put my Tax Refund?
- Where should I be saving money for my infant son?
- When referring to the general rule of putting 15% of your income towards retirement, do you guys include the company match in that 15%?
- MSRRA not being honored by state and idk who to contact?
- Leaving comfortable/easy job for a better title/higher pay elsewhere?
| Posted: 10 Jun 2021 03:25 PM PDT $3/day is $1095/year; $91.25 a month. What could you do with an extra $100 a month? The rule is simple. I save three dollars a day. Somewhere, Somehow. At first this was as easy as not buying a coffee in the morning. Or not stopping for fast food on the way home. Now it is paying debt early, moving money around, more complex financial transactions. But, sometimes, it is still as easy as not buying coffee. The point is, the dollar amount made me THINK about how I handled money. It gave me a simple way to introduce myself to the idea of money as a future commodity. Pick your own amount. Pick your own way. But if you have trouble getting past the mental hurdle of digging out of debt and gaining financial independence. This trick may just help you. [link] [comments]  |
| My parents want me to take over their mortgage Posted: 10 Jun 2021 02:11 AM PDT My dad is retiring and leaving the US with my mom to a cheaper country. They are currently in the process of buying a humble property in said country. I moved back home last year after finding a job in my hometown that pays a pretty comfortable salary. Dad still owes about 90k on the house and wants to pass this on to me. I said I'm okay with this since the average starting price of a home in our area is $350k. Where do I start with this? Apply for a loan and refinance it? [link] [comments]  |
| Stock certificate I bought 25 years ago found in my attic. How do I sell it? Posted: 10 Jun 2021 10:52 AM PDT When I was a kid, may parents made a great financial choice for me by investing in a stock using my savings (about 300 bucks total at 7/share). I know absolutely nothing about how it was bought, just that I was told to keep the certificate safe. I found out I get some dividends that never made their way to me via my state's unclaimed property site (that charges 10%). I also found out the stock price is significantly higher today, as the company has shifted towards autonomous driving chips. I am not sure that I want to sell it at 12 times what I paid for it, but I might... I don't have a clue how to even go about selling it, but I am hoping a kind internet stranger might share such information? [link] [comments]  |
| Posted: 10 Jun 2021 02:47 PM PDT He lived with me briefly in 1999-2000. For many reasons, I no longer have contact with him and have no wish to think about him, which makes getting weekly credit offers addressed to him annoying, to say the least. This has only started up in the past year. I suspect it has to do with him needing assistance and getting back on "the grid" during the pandemic. Does anyone know how I can make this stop without having to contact my abusive asshole brother? [link] [comments]  |
| How much does it cost to keep someone off the streets? (USA, brother getting out of prison) Posted: 10 Jun 2021 01:25 PM PDT I'm nearing my FIRE goal, but have a big question mark regarding my brother. He'll be getting out of prison in 5 years, nearly 60 years old. He might be able to work again as a OTR trucker, but that's a big maybe. Without help, I fear he could easily end up homeless. So I'm trying to budget what it will take to keep him off the streets.
Thank you for any answers, similar experiences, or tips! [link] [comments]  |
| Sent apartment application with banking and SSN to wrong email & got spam call right after… Posted: 10 Jun 2021 05:06 PM PDT So I accidentally sent an apartment application with my bank account numbers and SSN to the wrong gmail by mistake. About 3 hours later I got a scam sounding call recording saying my SSN has been suspected of fraudulent activity and my bank accounts have been frozen. Usually I would have ignored a call like that, but it's freaking me out that it happened the same day I accidentally sent my personal information. What am I supposed to do now? [link] [comments]  |
| Advice: I have $10k for risky investment Posted: 10 Jun 2021 07:06 PM PDT My father has offered me $10k to try and turn it into real money. Not for retirement, or for luxury but to take a calculated risk on something that I normally wouldn't. It could be stocks or a business, really anything. He said I could use it to play poker if I really thought that would work. I know this is a personal question, and I've got some ideas myself, but what would any of you do? [link] [comments]  |
| Risks of buying a house with spouse before marriage? Advice on how to do it correctly? Posted: 10 Jun 2021 06:29 AM PDT I'm curious as to what the risks are to buying a house with my significant other, if we are currently not married. We live together currently in an apartment but are both wanting to move into a house. What are the risks involved? Is this a common practice now a days, and if so, how do you safe guard the situation so that it's fair for both parties if things went south? What things should we be thinking about? Thanks! [link] [comments]  |
| My mom mislead me into co-signing a $40000 car loan Posted: 09 Jun 2021 09:17 PM PDT About a month ago my mom bought a brand new $40000 Mazda. Apparently Mazda has a $500 bonus if you are a student and my mom wanted to save every penny she could. She told me that all I needed to do was go to the car dealership with her to show them my ID and stuff and show that I was actually a student. At the time I was a senior in college about to graduate in the Spring. I have a very good relationship with my mom and trust her for everything, so I happily agreed to go with her to save her some money. When I went to the car dealership, they had me sign in a few places as they were going through the paperwork for the car. Given that I was pretty much financially illiterate at the time, plus I completely trusted in my mom, and the paperwork contained 1000s of lines of fine print that would have taken forever to read and comprehend (and everyone was staring at me), I signed without giving it a second thought. I honestly don't even remember Mazda telling me what I was signing, just that I needed to put my name here and there to move on. Fast forward a month and I have a really good job lined up for the Fall and will finally be able to be financially independent. I was looking to apply for my first credit card. I first signed up for the Capitol One Savor One card and was denied, but it was understandable given that it requires a high credit score and I don't have any credit history. I wait a few weeks before applying for a second card. Last week, I got an email from Credit Karma asking if I opened a new account with Mazda Financial Services. I open up Credit Karma and see that I have a $40000 car loan. That's when I learned that I co-signed the car. I asked my business friend and he said that I basically just got f*ked over. I went to apply for the Discover IT card tonight, which is apparently one the best beginner cards. They seem to accept people with pretty low credit. And I got denied. I'm super furious and pissed right now at my mom. Did she just screw over my credit? I'v always trusted her but now I feel like she purposely mislead me just to save her $500. If she told me I was actually cosigning the car, I definitely would have looked into this more and did my research. According to Credit Karma, my TransUnion score is 661 and my Equifax score is 643, which isn't terrible. Did I really get denied because of this car loan? My brother got approved for the Discover Card but he is in graduate school and doesn't even have a job yet. I also have about $30000 in student loans. What is the best course of action to take right now? Is it possible to get out of the loan? If it is possible to get out of the loan, is it worth the effort or is the damage already done? [link] [comments]  |
| Posted: 10 Jun 2021 04:46 PM PDT Long story short, I have 50k to invest and I've decided on index funds. I have a 403b (with no employer match) available to me through my job. Where should I buy the index funds? [link] [comments]  |
| Advice on creating an investment portfolio with a 45k salary Posted: 10 Jun 2021 06:27 PM PDT As the title says I am looking for advice on how to create a meaningful investment portfolio with only a 45k annual salary. I work for Chrysler as a line worker so I get occasional bonuses that I already direct towards my 401k (to avoid the taxes.... For now). It is important to note I can expect to increase my annual income up to 100k over the next 5 years as my pay rate improves. My question is geared more towards tips and tricks to save more money in my daily life by either eliminating or reducing daily expenses. I live with my parents and have no children so my bills are car payment and insurance, gas, Spotify subscription and my share of our family phone bill. I am also open to investment advice as far as what categories or apps to invest through. I currently use stash, acorns and E-Trade. Each of the apps offer a specific purpose in my opinion. [link] [comments]  |
| Could I get some advice on what how you would invest and budget the investments? Posted: 10 Jun 2021 07:02 PM PDT I've been wondering for a while on what I should do in regards to money I am making. I currently have about $22k in the bank, $2500 in a stock account, and about $3000 in a Roth. I make around $1800 every paycheck(although that doesn't count federal taxes). I still have around $8000 in student loans and 10k on a new car loan. I'll admit there is a strong urge of mine to either pay off the loans completely or take the money and just invest it. Ultimately I don't really know what I should be investing in or doing with what money I have. I would like to have a house and not pay rent. I also would like to be able to access any money relatively easy in case I get fired and need it. I'm not great at my job so I will likely need to look for something soon anyway. I don't really know, how would you go about choosing how much to invest and what to invest in. [link] [comments]  |
| Loan company messed up my mortgage Posted: 10 Jun 2021 05:27 PM PDT I applied for a home loan and began house shopping in November. I was initially pre-approved for a conventional loan for $200k at 5% down (all I asked for at the time) and made an offer on a house which was not accepted. Over the next month and a half I found a few more houses and ask for gradually increasing pre-approvals. When I came upon the house that I settled one, it was recommended to go with an FHA loan, and I complete the purchase in January with a $282k loan with 5% down. Back when doing the initial application, there was a question about federal debts in default. I answered yes, as I had about 5k in student loans in default and they were not priority since the interest was postponed and my rent lease was ending soon. The rep said something to the effect of that's not what it meant and I believe changed the answer to no. Fast forward to the month after closing, they call saying there is a problem with FHA because of the student loans, and after some back and forth with the collection agency they sent me $1500 to help pay the agreed payoff amount, which was about $4100, so I paid off the loans. Yesterday they called back and said that since it wasn't cleared beforehand the loan cannot be insured by FHA and I have to refinance. They have already sold the loan to a new bank / servicer, whom I've made the last two payments to. My credit score has tanked in the mean time because I wasn't in getting a mortgage mode and opened two new cards and loaded some balances on a couple cards with 0% interest to spread the load of all the work I've been doing to the house. I don't think there is any way I can get a refinance at the same rate (2.75%). Any advice? [link] [comments]  |
| Posted: 10 Jun 2021 03:20 PM PDT |
| Posted: 10 Jun 2021 02:02 PM PDT Hi everyone, I'm trying to tackle my debt that I've been ignoring for a very long time. Looking for any guidance on the best path to take. Here is a list of my debts that I would like to consolidate. As you can see, I've never been able to knock a dent in any of these because the interest rates are insane. Barclay card $9500 @ 23% Capital one $2400 @ 22.99% WF $1787 @ 24.99% Citi 1892 @ 23.49% Chase 1346 @ 15.99% Discover $1500 @ 17.99 % My car payment is $350 every month but will be paid off in 2 years. That loan has 0% APR so not concerned with that. I feel that a debt consolidation loan would be the best option but I obviously have no experience. Wells Fargo offered one at 15% APR for $550 over 3 years. I could potentially pay even more than that in order to get it done. I have no issue with worrying about racking up more debt with my cards- I don't plan to keep them and 90% of the balanced are from college or fresh from college and I've quite literally been ignoring it (do not recommend) Any advice is appreciated💜 [link] [comments]  |
| Balancing my savings and ROTH IRA Posted: 10 Jun 2021 04:37 PM PDT I'm a 21-year-old undergraduate student who has about $9,000 cash saved up. I have only about $600 in my ROTH IRA that I put in nearly 2 years ago. I want to put more money into my ROTH IRA, but I want to buy a house in the next couple of years after I graduate college, so I am hesitant to put money into the ROTH IRA now instead of saving money for a down payment. My plan for purchasing a house is to buy a multiple-unit property, and I live in one unit and rent out the others. I just quit the research job I had on-campus, which was bringing in unreliable amounts of money for going out and hanging out with friends. I live with my parents so I don't pay for rent, but I do pay for my car insurance. In the Fall, I will be having an internship, but I will be paying for my own expenses (rent, food, etc.). With all this said, I want to put in money into my ROTH IRA but at the same time, have enough money to buy a good multiple-unit property several years from now. What is a good balance between how much money I save for the house and how much I put into ROTH IRA? [link] [comments]  |
| Incorrect designation for spouse on work provided insurance benefit Posted: 10 Jun 2021 03:24 PM PDT My wife and I just recently had our first child. Subsequently I was updating my work benefit enrollments to add our child to my work provided insurance. As part of this process, I was prompted to update my wife's insurance status, with options of "no insurance provided by employer, use my insurance as primary", "employer insurance waived in favor of using my insurance as primary", or "chose my insurance as secondary". Apparently I had previously specified that she had no employer provided insurance, which was accurate up until around 2 years ago when she got a new job, and I didn't think to update my benefits enrollment at that time. The issue is that changing to "employer insurance waived" has added $150 premium to my payroll deduction. This is fine, but I'm worried they're going to question this change, and that it might have affects on our coverage of our hospital bills for the delivery of our child, or alternatively a need to back pay the premium increase over the past 2 years. What should I expect? Should I reach out to my HR benefits department preemptively? Or just wait and see? [link] [comments]  |
| Negotiating rent when your landlord is a large firm Posted: 10 Jun 2021 03:22 PM PDT As the title says, my landlord is a large firm that runs many large appartment complexes in the area. They are trying to hit me with a 20% rent increase. This comes as quite a shock to me. To my surprise, last year saw no rent increase. I was expecting 5%, maybe 10% at most, and was completely shocked to see 20%. Has anyone ever successfully negotiated with a large landlord like this? Besides for the usual tenant/landlord power dynamic I am really not in the great place to move. Work and life are very busy for me right now and I do see myself having the time or energy for an expensive move. They have said they are looking to bring rates closer to the market rate, yet nothing has been added to my building or the surrounding area. Any tips or thoughts? I am privileged enough to be able to handle the increased price, I just do not feel my unit is worth that [link] [comments]  |
| Posted: 10 Jun 2021 03:44 PM PDT hello, i've been waiting for benefits since my first claim on may 17, 2021 and i've been claiming every week and still nothing. it's my first time on unemployment so does anyone know how long it usually takes? [link] [comments]  |
| Where should I put my Tax Refund? Posted: 10 Jun 2021 04:18 PM PDT Unemployment tax refund finally came in at $1,600. Where would you put the sum? Age: 30 Savings: $2,140 Credit Card 1: $4,300 (limit $12,000), APR 13% Credit Card 2: $2,600 (limit $3,800), APR 20% Credit Card 3: $2,110 (limit $2,200), APR 24% Credit Card 4: $1,650 (limit $1,700), APR 22% [link] [comments]  |
| Where should I be saving money for my infant son? Posted: 10 Jun 2021 04:10 PM PDT Hello all! First child here. Where does everyone suggest saving the money that my son gets for birthdays, holidays, and other events? Since he's been born I just been depositing it into My account but I would like to move his Money into his own. I do have a college saving plan for him but it is through work that got opened couple years ago. My work puts first 5% in 401k as match then up to 5% in college saving plan. It's mine and I can take it if I leave. So should I open my own 529 plan? A individual brokerage account for him (not sure if I can put it under his name or just put it under mine and transfer it to him later in life) Any other suggestions? Thanks [link] [comments]  |
| Posted: 10 Jun 2021 07:32 AM PDT I'm just curious on how people calculate this. For example if I put 15% of my salary towards my 401(k), but my company matches 3% does that mean I'm really putting 18% towards retirement in yalls minds, or do you act as if that match doesn't exist? [link] [comments]  |
| MSRRA not being honored by state and idk who to contact? Posted: 10 Jun 2021 04:06 PM PDT So I'm a military spouse and not a resident of Nebraska, but we are stationed here. Long story short my HR screwed up and put Nebraska as my state for my first paycheck. Annoying, not the end of the world. I filed my return, including an individual one for Ne and it reflected I was getting the full amount back. However.. Nebraska decided to take a chunk of it. Why ? Idk. Regardless, I contacted them, let them know the MSRRA applies to me and they legally cannot tax me and they asked for a copy of my husband's W2. We file separately, but I did send it to them with redacted amounts. The tax year, employer, husband's name, and state information were still available. They are refusing to return my money. I also called a tax "expert" at militaryonesource and they confirmed there's no reason they should need to see my husband's pay details or even his W2. It has the necessary information that he isn't a resident here but of the same state as me. I even offered to send a copy of our orders. They're straight ignoring me. I have reached out to a supervisor and they're still refusing. This is a federal law and I used it for my previous state, no problems. Who do you contact when a state is essentially stealing your money? [link] [comments]  |
| Leaving comfortable/easy job for a better title/higher pay elsewhere? Posted: 10 Jun 2021 07:41 AM PDT I received a job offer that would be a step up in my career development and offers substantially higher pay. It's also 100% remote. I'm not allowed to say who I'd be doing the SEO for but it's a very well know Fortune 500 company, which is exciting. To be honest, I already accepted the offer but I'm looking for reassurance or advice from those who left a comfy job in their 20s for something possibly better. This is a huge risk so I've been feeling all sorts of emotions. Part of me feels regret. Current job: title is "web marketing assistant." 1 year of employment making $53,000 a year. 2 weeks paid vaca and 8 personal days. 401k + 3% match. They have awesome flexibility. Bc of covid it's been remote but they want to start going back to the office at least a few times a month which I don't want to do. I've been working remotely for 3 years and don't want to go back. No need for it in the tech field and I spent thousands on my setup at home. New job: title is SEO Manager making $80,000 a year. Fully remote work (which is a major factor for me). 3 weeks paid vaca, 401k (no match), but they pay out more for health insurance. Possibility to get into Senior SEO Manager role in the future. Idk much else right now - anxiously awaiting my first day tomorrow to gauge whether or not they are flexible. I don't have kids or a family so I guess it's more for personal / mental health reasons. I hate overworking myself. Been there, done that. I do wish I had asked more questions but the interview was short (15-20 mins) and I got the offer a day or two later. It happened so fast. I know a little about the company, but not a whole ton. I feel generally uneasy going into the unknown. What if the person I report to sucks? What if it's toxic? What if I'm overworked or can't handle it? I'll be frank, I def don't work 40 hrs a week right now. I have it easy. Part of me doesn't want to give that up but I am $100,000 in debt (student loan & car loan). I need the money. I don't wanna be 60 paying off my loans still. Current company came back with an offer of $65,000 a year and with an updated title of SEO Specialist (along with additional responsibilities). They said I can work remotely but still have to go in for meetings (so it's not really that remote …). I love my manager and they are good to me. Everyone is wayyy older than me but i feel accepted. I guess I'm wondering if I made the right choice. I know no one can tell me what is right or not for my situation but any insights or reassurances would be great. (i also think if things do go badly i can ask for my job back, though i would feel embarassed). [link] [comments]  |
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