Personal Finance Being healthy enough to retire |
- Being healthy enough to retire
- Mystery Deposit- tell me how I’m getting scammed.
- Planning my financial future
- Auto loan from cu
- Multiple jobs offering higher than current pay, but not sure if I should leave
- Should I buy a new car?
- Does one have to hold a stock for a certain amount of time to be eligible to receive dividend?
- Bank of America account closure experience
- reducing/eliminating unnecessary spending
- To get solar panels or not?
- Opened a Fidelity 529 but found out the NJ State Run 529 let’s you deduct contribution.
- Need to sell my car and get a new one w/little money
- Need help/ debt/ stuck
- Insurance low balled me for my car, is unresponsive and now telling me I have only a few days to accept their settlement.
- 6k School debt pay off right away or use it to build credit score?
- I just secured a job abroad. My student debt equates to $9000 if converted to dollars, and my salary will be $5000 (and is paid in US dollars). What would you advise?
- Best Action for stock in company being bought by another
- Value/Impact on Salary of Company Car
| Being healthy enough to retire Posted: 09 Dec 2021 07:05 AM PST I read this article today and thought it would be nice to share. It is well worth the read. For those of us who obsess over the numbers and math related to retirement, this was a good meta article about looking at the bigger picture. TLDR: We spend so much time focusing on being financially able to enjoy retirement, but we need to be healthy enough to enjoy it too. Just like investing early is a huge financial benefit, exercising early is a huge health benefit. [link] [comments] |
| Mystery Deposit- tell me how I’m getting scammed. Posted: 09 Dec 2021 05:58 AM PST I'm sorry if this is a bit all over the place. I'm kind of frazzled. This morning I woke up to an extra $4000 in my checking account. Someone deposited it in a branch on the other side of the country via cashiers check yesterday. The digital image of the cashiers check shows that it was issued to my name. The digital deposit slip has my full name, checking account number and partial address. I called the bank, but they were only able to tell me what I could already see on the app. The rep opened a dispute so it would be investigated, but as it was a cashiers check there's no more information on who could have made the deposit. The rep confirmed that this person must have had my name and account number in order to make the deposit. I'm in a mild panic because the whole thing is just so freaking weird. If someone got ahold of my account information, why would they deposit money into it? In a fairly non reversible way? I thought I was up to date on most scams, but I really can't see how this is supposed to play out. I've checked my other accounts and my credit report, nothing stands out. My husband has access to this account, but doesn't deal with our finances at all, and the cashiers check was made out to me. I'm stumped. We're going to open a new account at another bank today and switch what we can over, but it'll take a while to change over reoccurring payments and we'd still have that extra $4k just sitting in that account. I'm freezing my credit. What else should I be looking into? [link] [comments] |
| Posted: 09 Dec 2021 03:35 AM PST Hi everyone, I'm 22M and will be starting a new job that earns about $80k after taxes. I have the ability to make 90k-100k after a year or so. Here's some info about my situation: 1) Vehicle is paid in full and should last another 5 years. I would like something with 4WD though because of the climate I'm in 2) I have a small stock portfolio (about 10k) plus $5k in my (brokerage) cash account. These are also my savings 3) Still on my parent's health and auto insurance although I pay them for the latter 4) No student loans 5) My credit is fine, hovering around 720 with one credit card account open 6) Stable living conditions. Expenses are probably about $3,800/month (mortgage, utilities, etc.) 7) No retirement savings yet I'd like advice on what goals I should set for myself and how I can achieve them. I do tend to eat out a lot but lately have been cutting down on that. I don't have many hobbies but I do like to cook as well as shop here and there. If more information would be helpful let me know. TIA! [link] [comments] |
| Posted: 09 Dec 2021 04:10 AM PST Recently I got approved for an auto loan from lafcu and the amount stated was $9,400 for 48 months with 2.85% an monthly payments of $208.43. I honestly don't know what this all means but I the 2.85% sounds good. My question is what do I do now do I jus walk up to a dealer or do I have to wait for something else. I also have this question: when I get a car with the loan do I pay the loan off the $200+ the monthly payment of my future car or is the $200 the loan AND the car? [link] [comments] |
| Multiple jobs offering higher than current pay, but not sure if I should leave Posted: 09 Dec 2021 08:41 AM PST I'm working at a very well known company, union represented, and am making OK money for my field ($86k). Due to some frustration with my boss over the past few months I have decided to interview at other lesser known companies, both have which come back to me with job offers above $115k. I wasn't positive I wanted to leave my company when I started interviewing, because it's the kind of name on the resume that could really get me far in my career. But two decent companies (one is a startup) offering substantially more pay seems like I should at least use it to negotiate a higher salary at my current job. I've also been advised that's a bad idea. I'm not sure how how badly I want to leave but the money that's on the table right now elsewhere is substantial. What should I do? [link] [comments] |
| Posted: 09 Dec 2021 04:25 AM PST I've driven my first car for a few years now and it unfortunately died beyond repair last week. I paid $1500 for it so I thankfully owe nothing on it as it was a beater. I desperately need a new car for work and just general every day things as I live in the country kinda. I started a job a few months ago making $20.23/hr full-time. I've been looking at buying a brand new car as covid and computer chip shortages have caused the used market to be honestly insanely inflated. I have no real bills besides a phone payment every month and I still live with my parents and they generously don't charge me rent. [link] [comments] |
| Does one have to hold a stock for a certain amount of time to be eligible to receive dividend? Posted: 09 Dec 2021 07:33 AM PST I have my $12k to deposit January 1. My thought was to buy SCHB and hold for 2 weeks, get the Dec 31 dividend. Then sell, and transfer the funds to my Roth IRA. Would this work? [link] [comments] |
| Bank of America account closure experience Posted: 09 Dec 2021 08:05 AM PST I have had an account with Bank of America for most of my adult life (the account is over 20 years old). For a long time I have wanted to close my Bank of America account and move to my Chase account. However, I have dreaded the thought of doing so. Today I realized BOA was charging me a $5 charge every month on my savings account and I bit the bullet to cancel the account. I downloaded all of my statements and updated my auto-bill pay accounts one by one. Finally, I used Zelle and transferred all of the money to my Chase account. I called BOA to finalize the account closure and was told by the phone system that there is "higher than normal call volume". This reassured me feel like I am doing the right thing. I just received a call back and was told to hang tight because their system is running "slower than normal".. I guess all of those 2000 enhancements they did in 2020 didnt help anything considering their recent major outage and slow systems.. They just completed the closure and informed me that the accounts would close in 10 days and if there are any transactions that go through in that time, the accounts would not close. The overall phone call took about 10 minutes and could have been quicker if their system was running better. I post this because I realize there are a lot of you who may want to close your BOA account but keep procrastinating due to the thought of having to update all of your bill pay accounts, etc. While I realize everyone's account is different, the entire process went by quicker than i imagined. My goal of this post is to encourage any of you who may have been procrastinating closing a BOA account. The only way companies like this will change is if their bottom line is affected. [link] [comments] |
| reducing/eliminating unnecessary spending Posted: 09 Dec 2021 08:04 AM PST Hey everyone! I've been budgeting for quite some time now (YNAB for over a year). It's been super helpful to see my monthly bills/expenses and see how much I have left over. My goal is to pay off cc & student loan debt quicker. However I find myself buying unnecessary items and spending money on things I shouldn't (eating out, new clothes, random useless stuff). I have the money to buy these things, just would like to use it more wisely like paying off loans and debts faster.. Was wondering if anyone could share tips on how you reduce/eliminate useless and unnecessary spending? And if there are any resources (books, podcasts etc) that helped you be and make better decisions with your money. Thanks! TLDR: what do you use/do to reduce or eliminate useless spending? [link] [comments] |
| Posted: 09 Dec 2021 09:03 AM PST First a little about our financial situation: We own a new home in Harris County, Texas, and have around $1,000 a month in excess income. Basically that $1,000 currently goes into savings and investment. We don't want to dip into this excess very much because we expect our expenses to increase in the near future. So, my wife and I have been looking at solar panels/batteries as a way to offset our electricity costs, provide a back up against power loss, and increase the value of our home. Only problem is, our electricity cost is actually fairly low. We have a monthly bill of around $100, because we take full advantage of free weekends. We obviously expect this to go up when we have kids, and as energy prices increase over time. The loan terms for the panels/batteries comes out to $210/m for 10 years. This obviously does not offset our electrical costs at all, and the amount of time for break even without taking increased usage/cost is well into the future. At best we are paying $100/m for a battery backup system until the loan pays off. I don't know much about forecasting energy costs. How much can we reasonably expect energy costs to go up over time? Does it makes sense in the long term to take on this extra financial burden? [link] [comments] |
| Opened a Fidelity 529 but found out the NJ State Run 529 let’s you deduct contribution. Posted: 09 Dec 2021 07:26 AM PST Hi everyone, my son was born in September and my financial advisor told me to open a 529. I asked him if there was a specific one I should look at and he said fidelity is fine since I have many other accounts there. I put in $12,000. I am a NJ resident and just found out that I can deduct up to $10,000 in 529 contributions starting in 2022. Am I able to have 2 529s for my son? Should I immediately open this NJ 529 for the tax deduction? Please advise and thanks in advance. [link] [comments] |
| Need to sell my car and get a new one w/little money Posted: 09 Dec 2021 07:06 AM PST Hi - so I make around $1200-$1600 every two weeks which is just not enough to get by on. And this is without taxes taken out because I'm 1099, working 40-45 hours a week. My rent is $800, plus internet $80, groceries, gas, subscriptions (netflix, spotify, amazon prime), and now my car is having issues and I can't drive it. I can't save for taxes right now. Now I need to get a car payment. My friend's willing to buy the car, but I don't even know how much I can sell it for. I performed all sorts of maintenance on it and got new tires, and now it's having trouble starting. Do I need to get a second job, or how could you even budget for all this? Rn I'm taking ubers to and from work also, which I can't really afford to do, but have to. What would you all suggest? [link] [comments] |
| Posted: 09 Dec 2021 08:26 AM PST I'm about $1500 in credit card debt, and I'm negative $500 in my bank account, what can I do to get out of this situation? I know getting a loan isn't the best idea but would they give me at least 2 grand to get back on my feet? I'm currently working but I don't get paid until next week, and the fact that I'm negative and have absolutely no money is killing me. I'm drowning. [link] [comments] |
| Posted: 09 Dec 2021 05:39 AM PST Title. Car got totaled in September, they gave me an offer in late October that was about $5k too low given comparable vehicles. Their comparison pricing estimate had multiple errors (wrong features, picked cars with triple the mileage and adjusted with a shitty per mile rate, etc). My agent has been unresponsive over the phone and GEICO messaging app. GEICO is now telling me I have 3 days to accept their lowball. Do I have to take it or I get nothing? Hire a lawyer? This is in FL. [link] [comments] |
| 6k School debt pay off right away or use it to build credit score? Posted: 09 Dec 2021 08:22 AM PST As mentioned in title I have 6.6k in federal student loans. I will need to start making payments starting January. I have 0 in credit card debt and no car or house loans. My credit score is 740. I have had a credit card for 5 years. I spend roughly $400 on my credit card a month. What I'm wondering is if I immediately payoff my school loans will that drop my credit score? Looking to buy a house in the next 1-3 years. I want to keep my score as good as possible. [link] [comments] |
| Posted: 09 Dec 2021 08:18 AM PST I thought of saving as much as I can each month after paying my student debt first and then buying an apartment in my home country in cash after a year to rent out. But my money can obviously grow faster instead of just piling up in my account. But I don't know shit about investing and stuff. Should I buy stock each month instead? Maybe a savings account? Maybe something entirely different?? Do you think my plan to buy an apartment in cash is a good idea? What would you advise? [link] [comments] |
| Best Action for stock in company being bought by another Posted: 09 Dec 2021 07:53 AM PST I bought some stock in a lithium mining company and it's done really well (after an initial drop). Now the company may be sold to a larger lithium mining company. Is standard practice to hold the investment and therefore investment in the new company -or- cash out close to the sale/shortly after -or- ???? [link] [comments] |
| Value/Impact on Salary of Company Car Posted: 09 Dec 2021 04:59 AM PST I currently have a company car and am considering a promotion to a role that's exclusively WFH so the company car will no longer be provided. Company car is the equivalent of a rental car, pretty plain and has no company name on the side of it. I pay about $200 a month as personal use fee and get unlimited miles, includes all fuel, service/maintenance, insurance, car wash etc. Basically $200 out of pocket total for all costs associated with owning a car. I'd still need to buy a car for personal reasons if I lose the company car. I'm trying to figure out how much more my raise would need to be to offset the loss of the company car. I'd say I drive about 5,000 personal miles per year [link] [comments] |
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