Personal Finance Employer Hasn't Paid Me |
- Employer Hasn't Paid Me
- We just bought a house, did we dig ourselves to deep? House is close to 50% of our salary.
- How do I survive on disability income?
- Does anyone really move for purely financial reasons? If you did it, do you regret it?
- Financing solar panels
- My husband and I have about 12,000 in debt across two credit cards. We want to pay it off asap.
- New supervisors starting at more $ than majority of veteran supervisors.
- Employer refuses to pay all overtime to hourly employees
- should i buy a new car?
- Payment is regularly late at great job
- Property versus Stocks for investing
- Late 30s, just opened Roth IRA; really quickly, am I doing this right?
- Inheritance sitting in savings account
- How much money would it take to "start a new life"?
- Am I in a position to buy in the current market?
- Can I Comfortably Purchase a Home?
- Pre Approved Car Loan
- Inheritance advice?
- Advice on investing at age 21?
- Pulling Roth contributions for a home?
- Just became a grandpa and have $1,000 to invest for my grandson (CAN).
- Please help me to find a way to budget
- Can I borrow against my 401k to save my cat?
- I'm considering cashing out my Participating Whole Life policy to pay for a down payment on a house. Is this a good idea?
| Posted: 19 Sep 2021 11:08 AM PDT I quit three days ago, I've called the manager and talked to him about when I would get paid, but nothing has returned yet. He also wont answer my texts which is why I call him. This is in California, so I am pretty sure I should be getting my paycheck. Any help as to what I should do? [link] [comments]  |
| We just bought a house, did we dig ourselves to deep? House is close to 50% of our salary. Posted: 19 Sep 2021 12:37 PM PDT So we just bought a house with a 10% down payment, and now reflecting on the numbers, I need to know if we're OK, a bit to deep or too deep. We got an emergency fund for 6 month. I'm not based in US that is why the odd numbers, also I can't get the food and the fixed expenses down more.
That leaves a buffer on around 1143 We then put 473 dollars on a savings account. So that leaves us with around 700 for clothing and stuff like that. I think we should be OK with this, since we are both prepaired to live like this for 2 years. Until the Bank loan is paid off. But after reading a lot of threads here I got a little paranoid, what do you guys think? Edit: In my country you borrow 20% from the Bank(minus the down payment) at a high rate, and then 80% from another place, to a very low rate. Not sure what it is called in English. [link] [comments]  |
| How do I survive on disability income? Posted: 19 Sep 2021 11:36 AM PDT I am currently receiving $900/mth of disability. With that, I cannot qualify to pay rent, or mortgage. I would be homeless if not for my sister. Will I ever be able to live on my own again? Backstory: I have degenerative discs then was in an accident which really sped up my back falling apart. It took me 10 yrs to get my disability approval. Once I got my back pay, I had to pay back the people that helped me keep my house for my kids to graduate hs and the credit cards I had been living off with no income. Now I have approx $15k. Not enough to put down on a house and qualify for the payments. How am I supposed to survive on this? [link] [comments]  |
| Does anyone really move for purely financial reasons? If you did it, do you regret it? Posted: 19 Sep 2021 03:37 PM PDT I've reached the ceiling of my earning potential for the foreseeable future. I'm making $67k/yr which I thought was pretty good, but it's not nearly enough to afford a house where I'm from (Philadelphia suburbs) where the median home price is over $400k. In a lot of ways I feel like I'm just barely getting by on that salary in this area, as my rent for a 1 bedroom apartment is $1,300/mo and all the other bills pile up fast to the point where I'm only able to really save a few hundred a month. The only way I could ever become a homeowner is moving somewhere considerably cheaper or doubling my income, the latter is not realistic. I've seen people give the advice of basically just move to a lower cost of living area. It's really hard to walk away from my friends and family and the place I've lived my entire life. Has this actually worked for anyone? Do you regret doing it? [link] [comments]  |
| Posted: 19 Sep 2021 05:25 AM PDT I just received a quote to install a 5.250-killowat solar power system and battery. After federal incentives for solar panel system my electricity bill will drop from ~$200 a month to $118.55. I don't have a down payment and my interest is 0% with a $3,000 finance charge for 25 years. The $3,000 finance charge is offset by choosing autopay at a $10 a month discount over the 300 payments. From what I've read, several have made mention of the importance of breaking even quickly so that the system pays for itself and begins turning a profit, and if I did put up the money and incentives towards it, it would break even in 14.5 years. So I am comparing paying $48,000 in cash and recuperating incentives the following year, bringing the total down to approximately $30,500, and saving approximately $2100 a year on my electric bill - which begins making money after 14.5 years - or putting up nothing and receiving a discounted monthly payment for 25 years and then hopefully a little more after that if the system still works. Is my logic correct in this or am I missing something? And if correct, which option seems like a better one? [link] [comments]  |
| My husband and I have about 12,000 in debt across two credit cards. We want to pay it off asap. Posted: 19 Sep 2021 05:51 PM PDT I hear commercials for debt consolidation services? Do these work and do they have fixed interest rates? [link] [comments]  |
| New supervisors starting at more $ than majority of veteran supervisors. Posted: 19 Sep 2021 05:50 PM PDT Any advice on going about asking for a raise when you find out the last 2 new supervisors with little to no experience are making 2-3k more a year than several of the veteran supervisors(including myself). Needless to say all of us who have been there 9+ years are pissed and want to go about this in the best, most professional way possible. I know labor shortages probably have something to do with it but us vets are really getting shafted. Would going to HR be any help? [link] [comments]  |
| Employer refuses to pay all overtime to hourly employees Posted: 19 Sep 2021 08:02 PM PDT This is in CA. And also was from 2013-2015. I worked for a small architectural firm out of college. Making $17/hr (not salaried). I had to work 10 hour days and 5 days a week. The overtime hours (past 8 hours per day) were of course not explicitly required in writing but it was clear we had to work them to keep our jobs. Whatever, it was ok. But came to find out that the employer says he "doesn't pay overtime rates (1.5x) for overtime hours. I even once asked isn't that illegal and he said "not sure but I don't pay it." He only hires new grads and is extremely abusive, not including the overtime. He would throw stuff, scream F bombs all day, break stuff, flip desks, kick holes in the wall, punch computers, literally and many more. The stress was high and all that shit made it 100x worse. But I chose to work there. The only thing I'm upset about is the non overtime pay. In the three years I worked there it comes to about $14k owed that he didn't pay me. But It's not like he didn't pay me, the way you need to look at it is that he straight stole it from me. It's all documented on his payroll history as being completely wrong. You could pull it from ADP and prove it in an hour. Clearly a huge amount for someone making $17/hr. I ended up filing an anonymous claim at the bureau of field enforcement. When I turned it in the person said they get thousands of these anonymous ones and it's not going to be a priority. I couldn't put my name on it because this guy is a psycho and I'd honestly be scared for my life. I talked to a wage lawyer and he said it's a slam dunk let's sue tomorrow. Same thing I would have to sue him myself. So I didn't. I thought maybe the claim would get processed. He did this to countless employees for 20+ years. Well I never got contacted or anything and I've had some friends working there still so I feel like I'd hear if something was happening. It's several years later now. I'd even be happy if I never get paid, but at least he is forced to stop this. Any suggestions or advice? [link] [comments]  |
| Posted: 19 Sep 2021 01:34 PM PDT Hey guys, just needed some financial advice. I am 27. I had about 100k of student loans debt, now I have 5k left, I'm going to pay that off today. I will have about 10k left in the bank. I am currently in need of a better car, I have a old beat up 2000 nissan that runs but has a lot of issues which is not worth fixing since it would cost more than the car itself. I am living at home with parents currently bringing home about 90k a year. I do want to help my parents pay their mortgage off (about 200k) since we are immigrants and they took a huge risk to come to America for a better future for me. My question is should I get a used car maybe 2016 accord worth about 18-20k (pay what I have and finance the rest; pay it off fast) knowing that I can keep the car for the next 10-15 years or buy a beater car again? Thank you guys for your help. [link] [comments]  |
| Payment is regularly late at great job Posted: 19 Sep 2021 06:42 PM PDT This may be outside the realm of finance per se but it's close enough to seem relevant. I am a pharmacist at an independent pharmacy/ high-end cosmetics shop on Long Island, NY owned by a gentleman who owns several pharmacies on the island. I have worked for him for years before I received my certification, and he had always treated me exceptionally well: paid sick days, mental health days, purchasing anything in the store at cost, occasional catered lunches, etc. Additionally, now that I am certified I now have 3 paid weeks off and an hourly rate at or above some of my peers, all while filling less than a quarter of the daily prescriptions of my chain pharmacy peers. It has been not far off from a dream job. The big, big caveat is that paychecks will often be late. Our pay is supposed to be weekly, and it will come on time for maybe a month or 6 weeks. Then they will come half a week late, then 2 to 3 weeks late , then back to schedule. Part of me understands considering the insurance reimbursement cycle being on a 3 month delay plus patients getting 3 month prescriptions; his monthly checks can be highly variable. However this variably in the timing of my checks can make budgeting very hard. And I don't know how to reconcile my fantastic relationship with my coworkers and the owner and a wonderful work-life balance, and the late checks that may impact the ability for my wife and I to do what we want when we want to. [link] [comments]  |
| Property versus Stocks for investing Posted: 19 Sep 2021 08:33 AM PDT I was having a lunch conversaion with a friend and somehow we got onto the topic of investing. Their mindset is invest in properties because you get cash flow. My mindset is invest in stocks so you can just set it and forget it. Of course its not an absolute that you can only invest in one or another, but I wonder whats the overall return on property investments? I know stocks is ~7% a year on average. Just wondering what the simple Pros and Con of each are? Thanks! [link] [comments]  |
| Late 30s, just opened Roth IRA; really quickly, am I doing this right? Posted: 19 Sep 2021 04:02 PM PDT Per (what I think I understood from) the wiki and some previous posts, I'm doing 70% FZROX and 30% FZILX as the investments with my new IRA through Fidelity. I got a late start to financial planning and am still learning. Fortunately, last time I posted a question many super knowledgeable people helped me get this far, so I'm just hoping for a little help or quick reassurance on whether these investments are reasonable. If it's relevant, I also have a traditional 401k through my employer, but only started it in January. Thank you for reading! . [link] [comments]  |
| Inheritance sitting in savings account Posted: 19 Sep 2021 11:12 AM PDT Before my grandmother passed away, she wrote me a check for 90k. She was ill and knew she was going to die soon and felt it was better to divide up the inheritance among the family while she was still avile. My spouse and I took the money and paid off our student loan debt, which left us with 50k. We would like to continue saving an extra 10k from our salaries to reach that sweet spot of a 60k. Besides this money, we also have 6 months of expenses save in a separate bank account for emergencies. We also have money invested into a 401k and 457b, in addition I have money tied up in my teacher pension. At the moment, we are renters and have been so for quite a long time. We would like to buy a house in a year or two. Would it be better to just leave the 50k in a saving account or store it in an index fund like a total us market or s&p or even a total us bond fund? [link] [comments]  |
| How much money would it take to "start a new life"? Posted: 19 Sep 2021 07:53 PM PDT Where I'm at, both physically and mentally, I just feel like things where I'm at just "are not it". I feel very uncomfortable a lot of the time with my family. I don't really have any friends here due to me being hit by covid, hurricanes, and basically anything and everything requiring my school's and everything else shutting down for a while. The one friend or two I have from school, are more like acquaintances. On top of that, I don't see us ever hanging out ever. every time I try to make new friends, it just doesn't go anywhere. I've been on multiple "meet up/dating" apps and it never goes anywhere. I just feel like there's nothing here for me in terms of every form of life. there's nothing here to see. at times I wish I could just get up, and go somewhere. just get a fresh start. Like, literally everything. I want to get a new phone number, a new name, and move somewhere. just anywhere. preferably away from here. Maybe somewhere on a different continent altogether, or maybe I may I just drive a few couple hundred miles or a couple states away. I just feel like there's nothing here for me and I would be much more comfortable just "disappearing". sure my few friends that never will hang out with me ever again may wonder what happened to me, and so will my family, but I just genuinely would feel more comfortable, mentally and physically, just going somewhere and not telling anybody, and ceasing every form of contact from everything here. but i know it costs a pretty penny and I am wondering how you'd figure all that out, financially that is. [link] [comments]  |
| Am I in a position to buy in the current market? Posted: 19 Sep 2021 08:24 PM PDT As the title states, looking for some home buying advice. To keep it short and sweet, I'm a soon to be E-5 In the Air Force and live with my girlfriend of 2.5 years. My pre tax income is right in the 50K range per year. Housing allowance for my area is $1200 per month at my current rank. Will go up to about $1350 when I sew on E-5 in a few months. Girlfriend would not be on the home loan, but she typically contributes about $400 per month for living expenses as she is a student and part time worker. Only debt is my vehicle 9K left @ 300 per month. Rent is $1138 a month not including utilities. Between my checking, 2 savings accounts, and TSP I have about $22.5K. We definitely need more space, but with current pricing I don't want to be spending $1500+ a month on an apartment if I can buy something for that price range. Any words of wisdom? [link] [comments]  |
| Can I Comfortably Purchase a Home? Posted: 19 Sep 2021 04:38 PM PDT Numbers, then situation, then thoughts..? I think that works. Anticipated Expenses House: $300k Downpayment: $60k Closing costs: $8k Moving costs $5k Unexpected: $12k Total Upfront: $85k Personal Finance: Salary: $130k (avg. past 2/yr's, sales) Roth IRA: $60k 401k: $225k HSA: $7k Checking: $30k Brokerage: $75k My thought is to use the brokerage as a downpayment towards this house. I'm worried, financially speaking, this will be a mistake. I want a house, but can't help the feeling that money in the market is better, also, is it a hot market? Do the numbers above show that I can comfortably make this decision? I need to save a little more to hit $85k, but it's doable. Would no money in the brokerage be a mistake? There's other vehicles doing work. Help a fella out, Best [link] [comments]  |
| Posted: 19 Sep 2021 06:27 PM PDT Hi, i'm a first time car buyer. I was pre approved for an auto loan through my credit union for $6000. I found a vehicle i like and the out the door price is $5,781. So the loan should cover the price and i can just finance it correct? It's also a 2010 Nissan Altima 2.5s with 161,000 miles on it. Should there be a problem with my credit union being able to approve the car? [link] [comments]  |
| Posted: 19 Sep 2021 02:40 PM PDT I have a relatively small inheritance on the way. North of 30k. Im wondering what the best course of action would be considering my minimal financial experience and time I have. What investments should I make? Are taxes an issue? [link] [comments]  |
| Advice on investing at age 21? Posted: 19 Sep 2021 10:04 AM PDT Hello, I am considering investing money in my brokerage account. In the past I have invested in various stocks, and while I have never lost money in them, I don't really have much free time these days to carefully consider what I want to buy/sell. I have money just sitting in my account that I would like to put in a mutual fund or ETF. I am not sure what Fidelity funds would make sense to put in a taxable account. For more background information, I have already maxed out my ROTH for the year and contribute 20% into a work 403(b) that matches. I have ~80k between what is sitting in my brokerage account and my bank account. I thought about sticking the money (minus an emergency fund) in a CD but the rates are terribly low right now. I also don't want to over contribute towards retirement. I am alright with moderate risk but probably not high risk in case I need the funds for grad school later on. I would greatly appreciate any advice! [link] [comments]  |
| Pulling Roth contributions for a home? Posted: 19 Sep 2021 07:27 PM PDT Would pulling my $60k Roth contribution for a purchasing a $275k Townhouse be a move? (not factoring the $60k) I make $100k per year. Only debt is $5k CC I currently live in a HCOL area. My current rent is cheap for the area by like $600-ish. If I move I would be paying more right off the rip. I know touching your retirement is a no no and it's why I've always told myself no when I even think about it. There's no penalty since it's my contributions but I also no I'm not putting this back in and potentially losing growth. I don't want to rent for higher but also don't want to touch the account. [link] [comments]  |
| Just became a grandpa and have $1,000 to invest for my grandson (CAN). Posted: 19 Sep 2021 03:32 PM PDT Hello, as mentioned in the title I have $1,000 I want to invest for my grandson. My plan is to give it to him somewhere around age 21, so just over 2 decades to earn interest on it. I know it's not an insane amount of money, but I want to maximize it as much as I can and hopefully add to it over time. Originally I was going to open a tax free savings account and put it into a managed mutual fund or something similar, but given that the financial advisor would take a fee off of that, I thought maybe there's a better route I could go? Edit*: To those that have said he can't have a TFSA, my mistake for not putting it in the original post, I was considering putting it under my name (and list him as a beneficiary just in case of course). I'm also not saying I think using a financial professional is a bad idea in all cases, I'm just seeking feedback from those who know more. [link] [comments]  |
| Please help me to find a way to budget Posted: 19 Sep 2021 05:26 PM PDT Suggestions please I'm trying to save money. Currently I'm making 2,500 a month. My wife has a part time and usually makes around 700 a month now. I have credit cards debts and I pay them monthly all of them sum up to around 3,000. Is not much but I have to pay rent for a room we are renting which is $500 a month. Also pay bills which all add up to around 400. My credit cards payment add up to like 800 a month. I somehow still end up short at the end of the month. Like last month my bank account was at -120. Any suggestions? This whole COVID 19 really hit us both hard [link] [comments]  |
| Can I borrow against my 401k to save my cat? Posted: 19 Sep 2021 08:24 PM PDT So I fostered and then adopted an older calico named Lilly. Lilly had some health problems, a respiratory infection and what I was told was cat acne. She needed time away from the shelter to get better and I had lots of room and heart to help her get better so I offered to foster her through her illness. Long story short, I ended up adopting her and getting through most of her health issues. Well I come to find out after having her "acne" looked and 3k in medical treatment and after it not subsiding that she actually has a form of cancer... I was and still am completely floored by this, and angered that the humane society hadn't looked further into the growths on her jaw before fostering her. Anyway, after taking her to the oncologist I've been told she needs a cat scan (no pun intended) and surgery. Cat scan is about 1.5k up front and the treatment can be 4.5k+. Thank goodness I got her insurance right from the beginning, but this is still cash I don't have upfront to get her treated. The insurance reimburses you, so I need to pay for everything upfront first. My question is, can I borrow this money from my 401k and pay it back when I get the reimbursement from my insurance? I'm desperate to save her and I've tried all I can think of, but just don't have the disposable cash to front the costs of the treatments. ☹️ Edit : cat tax http://imgur.com/gallery/SolUGT1 [link] [comments]  |
| Posted: 19 Sep 2021 06:09 PM PDT My fiancé and I started house hunting recently. I'll give a rundown of our income and assets, but my main question is regarding a life insurance policy I forgot about. My parents took it out on me when I was a baby. As far as I can tell, it's a participating whole life policy with a death benefit of about $250,000 and a cash value of $50,000. That would definitely be a big help to us since we're looking at houses together and would cover almost all of our down payment. My dad transferred ownership to me several years ago and said that the dividends are enough to cover all the premiums, so no additional money has been paid in years. I know that generally Whole Life is not a great investment, but I'm a little nervous about cashing it out since it's been in force for so long. What are the pros and cons of cashing out this policy? Some additional info: We're mid thirties. Combined income is $175k but I have $130k in student loan debt. Our debt payments total $1800 per month. I have two brokerage accounts with $30k and $14k, the larger being my student loan refunds. If we don't cash out the policy, most of our downpayment will come from here, plus a $10k first time home distribution from each of our retirement accounts. My fiancé also has $10k in a savings account, but that's mostly earmarked for our wedding. We're looking at homes in the mid 500s with 5% down. Any advice would be appreciated! [link] [comments]  |
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