Personal Finance Employer asked me to go beyond my role last fiscal. How do I tell them that if they expect me to continue, I need more money or a promotion? |
- Employer asked me to go beyond my role last fiscal. How do I tell them that if they expect me to continue, I need more money or a promotion?
- Recently Former Employer Sent me to Collections
- Bitcoin ransom email??
- I have 4 weddings coming up in the next year that I can't afford. What do I do?
- 25% interest rate on a used car lease?
- Can I pay my Mom's mortgage anonymously?
- I am trying to move out for the first time for college. Does it seem like I'll be able to with 5K saved and an ~$850 monthly income?
- Negotiating a higher salary at current job
- how to value pension buyout offer
- Best way to save money for my atypical child’s future (who may or may not attend college…)
- I am listed as defendant on a foreclosure of my dead fathers home. Why?
- Question about ER bill and insurance (new to this stuff)
- I am 23 I had 11k saved I am in the military living on base making 1100$ month I bought a car for 7k leaving me with 5k in the bank I have option to return the car should I?
- thoughts on moving out of an abusive home if you'd only be making 100-300$ a month after all bills etc?
- Recently acquired around 23K and don't know what to do with it.
- Help me with the Prime Directive
- I'm thinking about switching employers. Does it make sense?
- I was approved for an IRS payment plan, I got a notice in the mail that they enacted penalties, and that subject for further fines.
- Recommendations for HSAs that are not associated with employer
- Advantages of contributing to post-tax 401(k)?
- need help planning to pay student loan
| Posted: 01 Jul 2021 07:23 PM PDT I work for the state and my boss threw a huge chunk of his job at me fall 2020 and spring 2021. It's beyond my current job duties and more suited for an assistant director. Our office has an assistant director position available and it's sitting vacant. How do I approach him about all of this? I just got a 3.8% increase due to merit but my job description hasn't changed. [link] [comments]  |
| Recently Former Employer Sent me to Collections Posted: 01 Jul 2021 05:52 PM PDT So, I quit my job on Friday and I'm thrilled to be gone. I left M owing I had a taken about 2.5 days of PTO more than I would have accrued by this point, so I knew I would owe them a little back, but whatever. I quit on a pay day, so I should be getting a week of pay for my final paycheck, so I'll call it a wash. So, during my drive back from a trip between jobs, I get a call from a collections agency that I sent to voicemail, assuming it was spam, as the only debt I have is my mortgage and a small CC balance. I check the VM just now and it seems legit, so I call: my now ex-employer sent me to collections this morning for approximately one week of pay! The sent me to collections three business days after separation, with no notice of any kind of pay I would owe them prior! I had literally zero chance to pay it before this. A fine farewell, indeed! Now, I can pay the money if I need to, but by sending me to collections, the got me super anxious. So: First, this is going to mess up my credit, right? Second, I work in finance and crap like this could get reported on my U4! I won't make a settlement with them, since I can pay in full and a settlement 100% gets reported on my U4. Is there a way to make sure this doesn't mess up my credit/make the "collections" aspect of this go away? I'm just so unfamiliar with this process. Lastly, what ramifications might I be missing here? Like, they owe ME money, so I assumed it would come out of my last check. I don't know what else I could be missing as far as things to get ahead of. [link] [comments]  |
| Posted: 01 Jul 2021 07:50 AM PDT My apologies if this is the wrong sub, but was wondering if anyone had any similar experience? This morning my spam folder received an email informing me that someone had "hacked" my home computer through an "adult" website, and had created a duel screen recording of me cranking it, along with the video playing on the screen. The email does list a password I've used (may still use on older sites/email accts) in the past as "proof" of the hack, and goes on to demand ~$2600 in Bitcoin ransom within the next 24 hours. If payment is not provided, it goes on to say that the video will be shared with all of my contacts. Typically I'd wave it off as a scam, but I'm a little concerned given that the email does contain a password I use/have used in the past. Anyone have any experience with something like this? Edit: I found a similar email with the same information earlier in the month. Obviously nobody emailed out a video of me cranking it, so I'm thinking this is clearly a scam and that I should just change out all of my email passwords ASAP. [link] [comments]  |
| I have 4 weddings coming up in the next year that I can't afford. What do I do? Posted: 01 Jul 2021 07:52 PM PDT I just started to budget with YNAB and I don't have much wiggle room. I don't want to cut money from my groceries or from regular needed doctor appointments. I also don't think digging into my savings is a bright idea for this. 3 are first cousins (2 that I only see on holidays), and a family friend that I'm not that close with. I mentioned this to my mother, and she insisted I should give at least 150 just for me or 200 if my gf came also. I can't afford that, let alone 4 times. Do I just not go to them? [link] [comments]  |
| 25% interest rate on a used car lease? Posted: 01 Jul 2021 05:46 AM PDT Edited with new info My friend is about to sign for a car loan that charges a 25% interest rate. At first she thought it was a lease-to-own, but after talking to her about it it's clearly not a lease but a loan, and I think she genuinely doesn't understand the difference. The fact that the people at the dealership haven't explained that to her make me think they're just pressuring her to sign whatever they put in front of her. I know this is a terrible idea but she insists she wants to do it because it will "help her credit". The car is a 2018 Nissan Sentra with 80k miles for $400 a month with 25% interest for 24 months. Her credit score is in the 500s, and she doesn't currently own a different vehicle. Can anyone help me with some resources or information that will help her understand how bad of an idea this is? I am not personally savvy enough to fully understand or explain to her the implications of what she's doing, but I really want to help her understand what she's getting into BEFORE she gets tens of thousands of dollars in debt for an overpriced car. [link] [comments]  |
| Can I pay my Mom's mortgage anonymously? Posted: 01 Jul 2021 09:56 PM PDT Landed my first big boy job a couple months back, my mom paid for my housing while I was in College and even afterwards, throughout my job hunt. I know she wouldn't accept my money but I know it'll help her a lot, and it's about time she sees some fruits for all her hard labor :) [link] [comments]  |
| Posted: 01 Jul 2021 07:43 AM PDT I have $5,000 saved up and I am looking at a place that charges $500/month. In addition to my saved money, I will be making anywhere from $800 to $900 every month from work. I will only be moved out for 9 months. After the 9 months I will have graduated college and will have more options (college is 100% payed for with scholarship). I have never moved out before, so I was wondering if this sounds doable to those of you who have been in my shoes. EDIT: Thank you everyone for the advice! Looks like I'll be selling lots of plasma lol! [link] [comments]  |
| Negotiating a higher salary at current job Posted: 01 Jul 2021 09:33 AM PDT Hi everyone- I'm planning on asking for a salary increase for this year. However is there ever a "too high" of an increase to ask for? To give context, I work at a large Fortune 100 company. I was promoted last year from Associate to Senior Associate, however I was not giving a raise aside from generic inflation, 2-3%. My director told me it was due to Covid and in a normal year my raise would have been much higher with the performance ratings I received. My management has already spoken with me about putting me on track for another promotion in 2-3 years as long as I keep performing. Would it be fair to ask maybe for 15-20% raise for this year? [link] [comments]  |
| how to value pension buyout offer Posted: 01 Jul 2021 10:15 AM PDT I'm 60 and about to retire. I have 900k in a 401k. My pension is 40k annually. Employer is a very large electric utility and very stable. Rumors are that they will offer a buyout of our pensions. I used a drawdown calculator and it seems that 600k at 6% and I can withdraw 40k for 35 years. So should I look for an offer in the general area of 600k? The buyout is attractive to me as I can leave some cash to my kids if I die before I'm out of money. I'm very comfortable managing the money myself. Been doing it for a long time with the 401k. [link] [comments]  |
| Best way to save money for my atypical child’s future (who may or may not attend college…) Posted: 01 Jul 2021 01:41 PM PDT I (29F) have a 10 yo son who has autism. For reference, he's expected to function normally in society as an adult enough to be able to get a job to support himself. I'm very behind on saving for him as I'm only just now able to start doing so financially. Despite researching a lot, I still don't know the best route to go because every time I search "save for child's future" it brings up college savings. There is a good chance my son will not attend college, although academically capable, because school has not worked out well for him so far despite all of the support he's received. He'd much rather tinker with Legos or try to code video games and is resistant to learning anything conventional. I think this could hinder him from being able to get through an AA and into something he cares about. I'm college educated to the masters level but am totally fine with this, and don't want to force him through school as I think that would be a waste of money and time. I would like to have a savings account or something with funds set aside for him to use either 1) to attend college if he does go that route, 2) use on a first home purchase, or 3) some other reasonable endeavor he choose to pursue. It would be ideal if I could maintain some degree of control over this, as I don't want him to just squander it on $600.00 Lego sets when he turns 18. And a college fund/savings isn't an option because I'd say the probability of him actually going is about 50 percent. What are my options? Would it be best for me to just get a savings account or Roth IRA in my name that I just pay straight from as expenses arise? What would be the downside to this? Since getting my most recent job I'm no longer in the lowest tax bracket either if that changes the answer at all. Thanks! [link] [comments]  |
| I am listed as defendant on a foreclosure of my dead fathers home. Why? Posted: 01 Jul 2021 05:14 PM PDT This is the Cliff's Notes version because I haven't seen the filings yet. The other day my sister was visited by a process server and she was served with a notice that she was a defendant in the foreclosure of our dead father's home. On the paperwork she was given her, myself, and our fathers wife are listed as defendants. Dads widow is not our mom, and she came into the picture when we were both adults. My sister, not I were never involved in any thing financially with the house, my sister never lived there. Dad didn't have a will. Aside from me going out to the house to get some things of mine and some family keepsakes, my sister or I haven't had any contact with our dads widow. Could our dad have somehow added my sister and I t the mortgage without us knowing? When the process server knocks on my door, should I not take receipt of the papers? [link] [comments]  |
| Question about ER bill and insurance (new to this stuff) Posted: 01 Jul 2021 08:33 PM PDT I'm looking at the potential bill I might get for an ER visit. In brief, it says: EKG: $515 ER: $4985 IV Therapy: $2718 (LOL) Lab Charges: $858 Pharmacy: $63 (they didn't actually administer anything, I guess it was the saline?) Radiology: $489 Total Billed: $9,630 Insurance Covered: $7240 Pending Your Balance: $2390 I have a $1000 deductible ($0 met so far) and my Explanation of Benefits states: "Member pays 0% coinsurance with a copayment of $500.00 per day per visit. Deductible does not apply". As I understand it, I pay $1000 first to meet deductible, then $500 copay, then insurance covers everything else? So my bill should in theory be $1500? I would imagine the ER Copay would include all the tests they do since the description of the ER Visit line says "Services that are required to stabilize or begin treatment in an Emergency.". Or does that just only apply to the line item: "ER". [link] [comments]  |
| Posted: 01 Jul 2021 02:53 PM PDT My whole intention of joining the military was to serve and to save money but it seem im only spending money. Ive only been in for 9months now. I have to option to return the car and get something cheaper but its a good deal 2012 Ford Fusion with 68k miles. Im just so upset about spending more than half my savings. I need some advice [link] [comments]  |
| Posted: 01 Jul 2021 09:21 PM PDT I've recently been able to acquire a job paying about 38k annually so like 30k or less after taxes and insurance. In my neck of the woods, after all bills and food etc, my calculations set me down to like only taking away a profit of like 100-300$ a month if I spend literally nothing else and live solo.(and utilize a bicycle for transit exclusively) I'm still working on a CS degree so I'd have to opt to take out loans to finish that should I move out. However, my home life is getting increasingly worse with a very narcissistic and abusive parent who's only been getting more irate with each passing day of the pandemic, threatening to lie to cops to get me kicked out or randomly toss my belongings to the street while I'm at work or in classes. Obviously if I can manage to ride out the rest of my degree at home, I'd have a sizable monetary cushion to rely on, but I'm curious about advice from people more experienced than myself when it comes to budgeting and living solo. [link] [comments]  |
| Recently acquired around 23K and don't know what to do with it. Posted: 01 Jul 2021 11:30 PM PDT I am 24 and don't have a saving set up but recently acquired 23k. I want to grow that money or save it and need advice for the best ways to make sure it doesn't just sit and breed nothing. I am usually bad with money but have a chance to become stable. Please help! [link] [comments]  |
| Help me with the Prime Directive Posted: 01 Jul 2021 05:29 PM PDT My finances have finally gotten under control in the last six months. I lost a lot of money (think: buying a nice starter house for a family of four kind of money) from the recession. I literally bought at the top of the market in 2005, and the house I sold in the DC Metro region still isn't back to that price point. For six years after moving west, we were still paying on renovations to the DC Metro house, just to be able to sell it. We were definitely house poor all those years. In February of last year, I consolidated credit card debt from the remodeling of the DC Metro house using a HEL to get interest down to 9.99% In April of last year, I finally got my wife on board with me financially. She had been spending money like water while I was eating Ramen (figuratively, nearly literally.) We did balance transfers to reduce payments. We redistributed payments based on income. She finally saw the seriousness of the situation. We like to travel and have experiences like concerts. We wouldn't have been able to continue that if she hadn't become more responsible We were able to refinance the house including the HEL at 3%, saving more than $550 per month. All of our CC debt is now at 4.99% or lower, and we expect to easily repay it all before the terms of those balance transfers end, about a year from now in all. After fixing my old truck I will have an emergency fund of about $4000. I refinanced the house with a 30 year loan, but I plan to pay it off in 15. I chose the 30 in case stuff goes wrong. So the question is: Where to put the money next? Pay off loans? Pay off house? Increase unmatched retirement savings? In 401(k) or Roth 401(k)? Open an after tax brokerage account? Thank you!!! [link] [comments]  |
| I'm thinking about switching employers. Does it make sense? Posted: 01 Jul 2021 07:19 PM PDT I've been with my current employer for five years. In that time I've been able to take my salary from $80k to $150k, and move into a significant leadership role. That most recent salary number, however, came about after being in a very challenging leadership position for almost two years without being compensated accordingly, despite numerous conversations and even attempting to reject a pay raise to make it clear how displeased I was. It has only been in the past couple of months that I received a 17% raise to that number, and only after the market has gotten very hot and a number of colleagues have left. However, the going market rate for someone in my role is actually higher - a colleague of mine in another city recently left for a similar role earning $200k. He was also very underpaid - moreso than me. Now, I have a company actively courting me on the basis of their familiarity with my work. They know me enough to bypass any interviews. They are offering me a significant bump in base - another 16% ($24k) over my current base, extremely generous PTO, discretionary bonus, some retirement matching, all the health benefits, etc.. the only downside I'm seeing is that it's a smaller company so no managed 401k at this point and no ESPP available. The current employer offers 3.5% ESPP. I don't know if it's possible to buy equity in the new company. I suspect the work will be similar to what I do today, although the smaller nature of the company may give me some flexibility I didn't have with the my current, much larger, employer. If I stay with my current employer, I might be able to push them for more $$ but everything with them is a drawn out process. They may not be willing to match the offer, and once they do it's likely they will continue to resist keeping up w/ the market rates in the future. I suspect this is just SOP for them, and it might explain why I find myself frustrated w/ the talent level sometimes. Maybe this other company is more open to keeping up with the market, I would hope. So I'm at something of a standstill, trying to figure out whether it makes sense to leave for a 13% bump in pay. It's not a huge % change, but it would put me on par with other people in my role in my region. What else should I be considering to try and make this decision seem like something more than just "I get more money here" or a coin flip? [link] [comments]  |
| Posted: 01 Jul 2021 07:13 PM PDT I had applied and got approved for a 6 month payment plan. I got a notice in the mail which appears to show that I am not on any such plan, since they have enacted penalties, and a failure to pay by a certain date could result in a fine of 50% of what I owe. Also, there is interest on what I owe, 3%. I am not sure if this is the normal payment plan interest rate, or the regular penalty payment plan. I am trying to find some sort of next step, but the only thing I can find is that I will need to call the IRS directly. I can't find an email or anything like that. [link] [comments]  |
| Recommendations for HSAs that are not associated with employer Posted: 01 Jul 2021 11:30 AM PDT I only just found out that I can open my own HSA even if my employer doesn't offer one. I have a high-deductible plan so I qualify. Does anyone have recommendations for the best provider to use? [link] [comments]  |
| Advantages of contributing to post-tax 401(k)? Posted: 01 Jul 2021 05:13 PM PDT I have been reading about this all over the internet but am unable to find a clear answer. My new employer lets us contribute to 401(k) post-tax, but I can't figure out if it's worthwhile to do that or just invest on my own (in index funds) in a personal brokerage account. I'm already maxing out my pre-tax contributions. I have read something about the growth being tax deferred? What does that mean? [link] [comments]  |
| need help planning to pay student loan Posted: 01 Jul 2021 10:04 PM PDT I owe around 60k in student loan(sub and unsub federal, not private loans). I didn't pay a dime till now because I was not making enough but the last two years I've been doing well with my self employment income and the extra income working at a company from home. I make around 3k to 5k pre tax (it varies each month) and I have around 40k in my bank. Should I recertify to pay the income driven repayment plan (it comes out to 800 per month), pay a lump sum from my savings (maybe 30k) and keep at it with the plan, pay a lump sum and keep paying as much as possible (I can probably pay over 2k if I try)? Thank you so much. [link] [comments]  |
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