Personal Finance Need advice on how to afford food |
- Need advice on how to afford food
- Currently drowning in CC payments
- Mother almost got scammed by fake IRS call, spent over an hour on the phone and made it to be bank before I stopped her. They have some personal info, should I be concerned?
- Best way to counter offer?
- I want to invest 5k and forget about it.
- Live in SoCal and probably never buying a house if I stay here—what money moves to make instead?
- 8,900 left on car loan but car needs $4,000 repairs
- Opening a college savings account for my deceased friend’s child.
- How do you guys track your expenses?
- Should my Roth IRA have returned more than 37 cents in a year?
- Because I haven't met my deductible, I have to pay out of pocket for physical therapy?
- My divorced spouse owns all our debt, but I still got a collection letter. What do I do?
- $7000 medical debt for a simple emergency room visit! What can I do?
- Question about workers comp and what it covers
- 26 year old need help and perspective on prioritizing saving vs paying off debt
- Found a few thousand in TD Bank North Stock under My Name and Social Security Number Mass Unclaimed Funds needs Proof of Ownership
- How do you know when you are overpaying for a house?
- How to avoid title fraud on paid-off home?
- What is the proper way to calculate the effect inflation has on future earnings?
- What to do with my life savings?
- Benefits of loan refinance with Navient
- How to start growing my savings
- Capital One 360 vs. Discover Cashback Debit, any notable differences ?
- Filed a dispute for a medical bill that went to collections. TransUnion removed it from my report, Equifax didn't. What are my next steps?
| Need advice on how to afford food Posted: 30 Sep 2021 04:04 PM PDT So, my parents got into an argument with me, caused them to lock the fridge and not give me food for a day. I was hungry so I went out and bought some food with my own money (have saved from when I was working pre COVID). Now they are telling me to continue spending my money because they are no longer going to provide food. Changing their mind isn't an option, I've tried my best. I am currently at college, and am taking lessons to get a CNA license but that's going to take a few weeks to finish. I don't want to risk my grades so it is difficult to make time to work a job. Good thing is that I can still live at home and drink water which is much luckier than some people. Where should I go from here? Should I continue to use the money I have left to order food? Cooking food is not an option since I am not allowed to use their kitchen. What other options do I have? Any recommendations on dry food or something I can eat without needing to cook or having access to a fridge? Currently I'm using Taco Bell's app to get a free quesadilla by making a new account. But I'm only eating one of these every other day. I have some money saved but I need to use pretty much all of it for college. Edit: thank you all for your kind wishes and advice. I always thought food banks were for only for homeless people or those with children but that doesn't seem to be the case. I will check with my college. I don't know how I didn't think of cup ramen. Thanks again for the help! [link] [comments]  |
| Currently drowning in CC payments Posted: 30 Sep 2021 06:11 AM PDT I'm 28M, and a full time teacher making a salary of $56k a year. My paychecks are $1855.90 bi weekly, so around $3700 a month. In college the only loans I had were for college, and I made the mistake of financing a MacBook with barclaycard. Than my mom signed me up without my knowledge for a discover card, she stated they were doing a deal for college students. Said I should build up my credit. Was a huge mistake with no self control at the time. I lost my job in college and couldn't make rent, so I used another card I acquired, as I couldn't find another job for a while. I graduated years ago but my total CC debt is at $13,300. Most payments are around $87, and most come out from the 1-10 of the month which is a huge inconvenience. My car payment comes out at the first of the month, and the 30th for $300 each totaling $600. I still owe $25k on it, so I can't get out. I had to move away to teach at the school district I'm at. I just got paid today and have $1956. My rent is $1400 and after fees including internet electricity and water it's around $1550. Car payment $300 also comes out. I'm honestly not sure what to do anymore. I applied for a debt consolidation loan through my bank but the denied me before because debt to income ratio. I haven't even touched my student loans that start in January. I added everything I have on this app called MINT. And I've already told myself no eating out, I overspent on groceries, and spent $100 on clothing which I won't do anymore. Also thinking of selling my gaming pc that's probably worth over $1800 now with prices being they are. Anyone have any ideas? I know I made mistakes, haven't used the CC in over a year but paying minimum due hardly touches it. I can't back getting a car or that I had to move out for work. [link] [comments]  |
| Posted: 30 Sep 2021 12:25 PM PDT The scammer used all the tactics to keep her on the phone and not to speak to anyone else. She was able to text me a screenshot of the number and I told her it was a scam. She got to the bank and was going to make a money order and to meet "two police officers", and I told her to hang up immediately after being on the phone for an hour. She gave away personal information including our address and our account balances. Not our account numbers. They might have more personal info, but she is too stressed right now to collect her thoughts. Is there anything I should be concerned about from here on out? Update: She did mention that they knew the last 4 digits of her SSN [link] [comments]  |
| Posted: 30 Sep 2021 03:12 PM PDT So I've just received an offer on a new job, which is around 60% more than what I currently make. However, I feel that for the stress & extra hours that the position will entail, I should really be closer to around 70% more that what I currently make. Whats the best way to counter? Just, "Well I have looked around the area & other companies are offering xxx for this type of position, so I feel I that would be more in the range..." Or what? This is the first time I've applied for a salary position & been in a position to negotiate. Any advice would be appreciated. [link] [comments]  |
| I want to invest 5k and forget about it. Posted: 30 Sep 2021 05:10 PM PDT I want to invest 5k into an account and forget about it for the next 5 or 10 years. Where do I start? Open a Schwarb account and pick any investment option? Does schwarb charge you if you ask them to invest that money for you? [link] [comments]  |
| Live in SoCal and probably never buying a house if I stay here—what money moves to make instead? Posted: 30 Sep 2021 10:05 AM PDT Hi all! My husband and I (mid 30s) make just under $100K combined and live in LA, no kids or pets. So here we qualify as low income, haha. Our rent is very low for the area so we are lucky (I'd say 30-40% below market price). I have a 401k and am about to reach my savings goal for 6 months living expenses saved. We both have health ins and my husband's car is paid off, I have an ok car loan and it's a hybrid so the car is great on gas and it works for us. We don't have student loans. So our life is pretty average/(lower (?) )middle class but I personally feel like I've come a long way because I am an immigrant and came to the US about 9 years ago with literally nothing. Realizing that house prices in LA for crappy houses in crappy areas, literally houses with bars in front of windows, begin at 700-800K I now realize we will probably never buy a house here unless we somehow find a 400K "down payment" haha. So I am letting go of that dream/goal and so my next question is what should we focus on instead financially speaking? I know you will say to max out retirement but I already know I want to spend my retirement in my home country that has a much lower cost of living and so my ss and 401K will go much farther there. I'd like to have some fun before I retire and ideally invest and use the gains to travel and what not. But what would be the most financially sound decision that somehow balances the need for present fun and future security without a house. Thanks all! [link] [comments]  |
| 8,900 left on car loan but car needs $4,000 repairs Posted: 30 Sep 2021 07:05 PM PDT I have a 2013 Nissan Rogue that I just bought about 9 months ago. The vehicle is in great condition and has 70,000 miles on it. But now I'm having transmission issues. I have $8,900 left on my loan, and I don't know what to do. They say it'll cost about $4,000 for a new transmission, and I'm not sure I can afford that. I make monthly payments to my credit union for my car loan. Maybe I can trade it in? But I'm not sure they will pay off my loan… I'm not sure what to do. Thank you for any advice. TLDR: 8,900 left on auto loan, and car needs $4,000 in repairs… what do I do? Thank you for your help! [link] [comments]  |
| Opening a college savings account for my deceased friend’s child. Posted: 30 Sep 2021 12:20 AM PDT Hello, my friend recently passed away unexpectedly at the age of 27. He had a wife and 2 children, one just turned 4 and the other born the day he passed away. I'd like to open a college savings account for the oldest, and eventually for the youngest. What are my options or best practices? He was my closest friend. I want to make sure his kids are going to have a nice cushion in the case they want to attend college. Thanks in advance. [link] [comments]  |
| How do you guys track your expenses? Posted: 30 Sep 2021 07:08 AM PDT I want to start tracking my expenses to see where all my money goes. I've used some apps but they're not customizable, some don't let you filter dates so you could see how much you spent on a week or two. [link] [comments]  |
| Should my Roth IRA have returned more than 37 cents in a year? Posted: 30 Sep 2021 07:12 PM PDT I opened a Roth IRA with vanguard a year ago with $2500 and have been adding $50/mo since then. I don't recall it being added to any specific fund or having to make any other choices besides just adding $50 a month. However, when I go to the balance, it only shows 37 cents as my investment return. I know investing can be a long game but did I miss something, should I be seeing a specific fund name or is this normal? Or is it essentially like a stagnant bank account? I definitely deposited it as an investment with the expectation it would appreciate over time. Thanks for any help you can offer! Edit: typo [link] [comments]  |
| Because I haven't met my deductible, I have to pay out of pocket for physical therapy? Posted: 30 Sep 2021 05:09 PM PDT I live in Michigan. The insurance I have is Blue Care Network. It's a family plan. It's between me and my parents. The family deductible maximum is $3,000. It's split $1,500 between me and my parents. I got a cervical spine x ray for neck pain. The results came back normal. My pain hasn't gone away, so my doctor and I discussed physical therapy. I called my insurance to verify physical therapy costs and they told me that because I haven't met my deductible, I have to pay out of pocket for physical therapy services and once my deductible is met, it's a $40.00 co-pay. I don't understand why I would have to pay for it out of pocket if I have insurance? Shouldn't insurance cover some of it? If I didn't have insurance wouldn't it be more expensive? When my doctor orders me to get tests done, I see on my insurance account the total amount the procedure was and how much insurance covered that. What's left over is the amount I have to pay. [link] [comments]  |
| My divorced spouse owns all our debt, but I still got a collection letter. What do I do? Posted: 30 Sep 2021 06:51 AM PDT About four years ago, my wife and I had an amicable divorce where upon she took all our property, but also all our debt. Yesterday I received a letter from a collector saying that I still owe some of that debt incurred during our marriage. What shall I do? [link] [comments]  |
| $7000 medical debt for a simple emergency room visit! What can I do? Posted: 30 Sep 2021 08:29 PM PDT About 2 months ago, I suffered a severe mental health crisis and had to go to the emergency room via ambulance (since I had no one around to take me to the hospital). Despite them doing literally nothing in the ambulance except for taxi-ing me to the hospital, and doing nothing in the hospital except putting me in a bed in the hallway for 2 hours while injecting me with a fancy stress relief drug, I got a bill for almost $7000. One of the worst and most traumatic days of my entire life made worse by the fact that I have to pay a bill that amounts to pretty much all the money I've saved up over the course of the year. I considered just blowing it off, since my credit score is really high and can take the hit, but then I read that collections agencies and hospitals can (and most often will) sue if you don't pay up. I am completely distraught as I am being billed $7000 (with insurance factored in mind you) that I can barely afford. Which is made even worse by the fact that they didn't even really do anything to help me except drug me up. Is there any way I can make this go away? I don't know what to do and I really need help. [link] [comments]  |
| Question about workers comp and what it covers Posted: 30 Sep 2021 08:26 PM PDT A few weeks back the store I work at flooded when the septic filled up and overflowed. We didn't know it was the septic at first- just figured someone flushed paper towels (again). I spent most of my shift trying to clean it up with no PPE. I've begun having asthma attacks from hell at this store (and only this store)- I'm pretty sure something's growing in the walls. If at some point I need to go to the ER because of it will workers comp cover it? SC, USA [link] [comments]  |
| 26 year old need help and perspective on prioritizing saving vs paying off debt Posted: 30 Sep 2021 08:25 PM PDT Hi everyone, would like some help and perspective on what I should be prioritizing. I make around $86k with a yearly bonus every March of about $10k after taxes. I am $37k in student debt and $26k on my autoloan. Only about $2k in credit card debt and always try my best to pay it off. I have $32k in my 401k (recently switched over to a ROTH 401k) and contribute 6% of my salary and only have $4k emergency money on Wealthfont in an index fund. I'm always conflicted on what I should be doing/focusing on: paying off my debt or adding more to my emergency saved money or adding more to my 401k. I haven't made any payments to my student loan since the pandemic except for when I paid $7k on it from my last bonus in March 2020. I always have this fear of paying off my student loan and them suddenly canceling student debt. My student loan was for my Masters so not even sure if they'd consider cancelling student debt for graduate student loans. Should I continue contributing 6% to my 401k or add more money to my emergency investment funds or focus on paying off my student loan? When I get my bonus in March, should I use it to pay off my student debt or add it to my emergency funds? I don't think $4k only saved is a good place to be, it's just every time I think about saving, I wonder if it's smart to save vs. Paying off loans. Also, I have a company pension plan thing and I'm at about $30kish after being with the company for 3 years. I work for a utility as an engineer so my job is very stable. Just need some perspective on what I should do? Parents didnt make smart financial choices and are both in a lot of debt and currently both unemployed so I also help them out with whatever I can but want to stand on my own two feet so I'm not in their position when I have kids in the future (not anytime soon). [link] [comments]  |
| Posted: 30 Sep 2021 12:13 PM PDT Back in the eighties My Dad gave a 12 year old Me some Andover Bank Stock. It was given to me under the Uniform Gift To Minors Act. It has my Social Security Number attached to it and My name as the primary owner. My Mother was the custodian of the stocks. The money was supposed to be used on me or It was to be given to me on my 21st Birthday. It didn't work out that way because My Mom left our family 33 Years ago and never stayed in contact. The Mass Unclaimed Funds Dept says the TD stocks are in their possession and I am the primary owner and My Mom is the co owner but it only has my social security number. So Unclaimed Funds told Me to call Compushare they handle list stock and other stuff for TD Banknorth. I have them my social Security number and they said there is no stock under my social Security number. So I wrote to TDs investor relations asking if they can help. There is something called a letter of instruction I could send to Compushare with a $75 dollar check and they will investigate. I may do this but I don't know if it would help if they can't find stock with attached to my social security but Mass Unclaimed funds has the stock and says it has my name as the i primary owner my moms as the co owner and the stock is attached to my social security number. Does anyone have any tips on how i can locate proof of ownership of my Unclaimed TD Bank North Shares? If Compushare says they gave nothing attached to my name or social or attached to my mom's name? Thank you in advance. [link] [comments]  |
| How do you know when you are overpaying for a house? Posted: 30 Sep 2021 02:18 PM PDT The situation: My wife and I bid asking price for a townhouse in West LA that has been in the market for a week (very "hot" housing market). We were told there is another offer and to submit best and final in 3 hours. The selling agent is being tight-lipped about whether we are the high or low offer. Other units in the complex sold at listing price despite having multiple offers. I guess the question is how do you decide what to bid? We are not financially stretching to buy this home and we really like it, so we can frankly go $60K above asking if pushed, but we also don't want to unnecessarily bid against ourselves. Searching around, people say to just bid what you won't regret bidding / your max price in a best-and-final situation, but if we can comfortably afford the place and like it this much, "what we won't regret bidding" gets into the "you're dumb to bid that much against yourself" territory, if you know what I mean. Any advice in this situation? Are we getting too emotionally attached to this property? [link] [comments]  |
| How to avoid title fraud on paid-off home? Posted: 30 Sep 2021 05:47 PM PDT This thread on r/legaladvice has me a little concerned: https://old.reddit.com/r/legaladvice/comments/pyhjwv/home_foreclosed_had_no_idea_new_jersey/ Person lives in a home that she owns free-and-clear. Comes home one day to find a notice of sale taped to her door. Sale was under foreclosure to satisfy debt of 600K. Again, she owns free-and-clear. One commenter mentioned that it is easier to commit this type of identity fraud/title fraud on property owned outright as there is no lienholder who would otherwise be notified. My question is: what steps can one take to protect against this? I believe it was mentioned that the most likely fraud route was: (1) establish identity theft of the rightful owner; (2) create a sham sale and transfer title from the stolen identity to another identity; (3) take out a mortgage on the stolen real estate; (4) skip town with the money. What can be done to prevent this from happening? Thank you. ETA: I think I've answered my own question. I guess I need to start checking my property records on a monthly interval, as well as checking credit bureau records monthly. I don't really like this solution, because it can be months before property sales get updated in the assessor's online records. So, I'm still looking for a better idea. [link] [comments]  |
| What is the proper way to calculate the effect inflation has on future earnings? Posted: 30 Sep 2021 05:35 PM PDT Let's say there is consensus that there will be 5% inflation this year from Jan to Dec. You earn $110k this year and the year before and will not get a raise (in this hypothetical example). What will this year's salary be in last year's dollars. For the sake of the argument lets say you are paid once a year on Dec 31st at midnight. [link] [comments]  |
| What to do with my life savings? Posted: 30 Sep 2021 12:55 PM PDT Hello, I'm looking for some advice on what to do with all the money I have saved. I am 40 years old, single with no children. I live a pretty frugal life, I do not have any debt however I do not own anything of value. I've never borrowed money nor taken out a loan in my life. I do have a credit card which I pay off every month. My credit score is currently 797. I have 125k saved in my savings account. I've been saving for many years in hopes that I could one day own my own home. I've always lived and rented with multiple roommates in shared housing. Unfortunately, after trying to buy a house a couple years ago I don't see that ever happening. I just could not afford the monthly costs no matter how much I put down. I currently have a job making about 40k a year. This is the most I've ever made in my life. I did not graduate from HS and did not go to College. I do not really know anything about investing or the stock market. I'm hesitant to do anything with my money because of how hard it has been to save this amount up over the years. I would be devastated to lose it. I do understand that I'm losing money every year by keeping that money in a savings account due to inflation but I just don't know what else to do with it. My biggest fear, like many Americans I assume, is getting sick or being in an accident and losing all my money to health costs. Can one file for bankruptcy if this were to happen even if they had the money to cover the medical expenses? I'm not too worried about my credit score seeing as I've never had to use it in my life thus far. My current plan is to basically "retire" when I either lose my job or quit. I hate my job but it's the most money I've ever made so I will continue until I can't take it anymore. I figure with the savings I have I could live for 10 years or so and then I would have to go back to work at 50+ years old. Any help or insight would be greatly appreciated and I can answer any questions that might pertain to my situation. Thank you [link] [comments]  |
| Benefits of loan refinance with Navient Posted: 30 Sep 2021 05:25 PM PDT A little context here, have roughly 240K in student loans(professional school) with interest on the loans between 5-7%. On a 10 year repayment plan, but I keep getting letters and emails about refinancing, with companies quoting less than 3% interest. Is there any benefits/drawbacks here to doing it, would my credit score be affected(looking to own a home in the next couple of years). [link] [comments]  |
| How to start growing my savings Posted: 30 Sep 2021 05:19 PM PDT Hello! I recently graduated from college and I am about to start my first job next week. I want to learn how to grow my savings even if I will have my main source of income. I need tips on how to manage my finances and what are the best ways to grow my savings? Thanks! [link] [comments]  |
| Capital One 360 vs. Discover Cashback Debit, any notable differences ? Posted: 30 Sep 2021 04:22 PM PDT can't decide between Discover or Capital One, looking to hear peoples experiences with either of these , their app , customer service , reliability , etc [link] [comments]  |
| Posted: 30 Sep 2021 04:22 PM PDT I was checking my credit reports the other day and noticed that on both Transunion and Equifax, I had 1 collection account listed with the amount owed being $314. The collection wasn't reported at all on Experian. The original bill came from some company called "Northside Anesthesia Services", and the debt got sent to a collections agency called "Eagle Accounts Group" back in 2017. So supposedly, this collections debt has been on my credit reports for the past 4 years now. I haven't been aware because I haven't checked my credit much as I haven't needed to. I only have one credit card that I also opened in 2017 right before I started college, and I've always made my payments on time. Never needed to get a loan of any sort, so I've never needed to check my credit reports for any reason in particular. I believe this bill is likely from a sinus surgery that I had done back in 2017 right before I started college, when I was 19. I was still on my parents' health insurance then, and that covered a lot of the costs, but there were still some out-of-pocket medical expenses that needed to paid. My parents graciously covered all of it, so I never had to worry about or even look at any of the payments that were made re: the surgery. Never used any of my own personal debit cards or credit card to pay for anything. I asked my mom about the collection after I noticed it, and she said she thought that she and my dad had paid for everything, but that maybe something slipped through the cracks unnoticed. I'm a bit confused as to how this ended up on my credit report when I wasn't responsible for any of the finances. Is it just because I was over 18 at the time of the surgery? I'm also confused because I have never, not even once, gotten any kind of letter or call from this "Eagle Accounts Group" in an attempt to collect this debt. That's another reason why I didn't even know about it until recently, when I checked my credit reports. Naturally, I disputed it, saying that the debt wasn't mine, and Transunion ended up deleting it from my report almost instantaneously after I filed the dispute with them. However, Equifax got back to me the next day and said that the collection was reported by the agency as accurate/valid, so it hasn't been removed. Specifically, it stated: "The information you disputed has been verified as accurate, however, information unrelated to your dispute has been updated." and then: "WE VERIFIED THAT THIS ITEM BELONGS TO YOU. THIS ACCOUNT HAS BEEN UPDATED. ADDITIONAL INFORMATION HAS BEEN PROVIDED FROM THE ORIGINAL SOURCE REGARDING THIS ITEM." I'm not sure what my next steps are, or if there's anything else I can do to try and get this collection removed from my Equifax credit report. Any advice would be greatly appreciated. [link] [comments]  |
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