Personal Finance Do not Buy Vanilla prepaid Gift Cards |
- Do not Buy Vanilla prepaid Gift Cards
- How do you max out the 401K, IRA, and save for mortgage?
- Bank Teller asked my profession on a large withdrawal?
- Overpaying for rent on West Coast?
- In a mess of debt, need a plan to get out
- Is there any good reason to by Enterprise’s insurance over just relying on my personal insurance + Amex card coverage?
- To transfer ownership of car at DMV, does the seller have to be with me in the DMV office or do I just need to bring in the Bill of Sale?
- Credit Card In Car Solely For Gas?
- What to do with my monthly savings? (no college degree)
- 20, disabled, (mentally and physically), living with grandparent and unsure of what I can do/apply for to help my circumstances.
- Bribes, Kickbacks, and Stolen Property All Must be Reported as Income.
- When is it okay to blow money on "fun?" How much is too much?
- 29 year old investment advice
- Can I buy a car in cash with no hard credit pull?
- Working With Pro-Bono Financial Advisor
- Compensation at current Employer versus salary guides
- Can I give my 529 to my cousin?
- Paid rent for December, new company bought the property a week later, they are now demanding December rent again. I have bank statement proof. What is my next step? (Colorado)
- I'm obsessed with money and I can't spend it
- Should I sell my car
- How much does the average 23 year old have in savings?
- TD Bank ATM keep eating my card?
- Looking to move in a apartment what does this mean?
| Do not Buy Vanilla prepaid Gift Cards Posted: 18 Dec 2021 09:09 AM PST I do believe their cards information gets leaked very frequently, from what I read and experienced. [link] [comments] |
| How do you max out the 401K, IRA, and save for mortgage? Posted: 18 Dec 2021 05:31 PM PST Financial Situation: Mid 20s 80k Income No Debt 15k Emergency Fund Rent $1000 per month Doing 20% of income into 401K. Have none in IRA Homes around me are 400k-500ks Been having a dilemma about how to max out my 401K, IRA, and a save up for mortgage. Was doing the math on my income and I'm having a difficult time trying to max each one. I would also like to save some money for myself to travel and go shopping but it seems like I might have to hold back on this. Is the only way to increase my income? [link] [comments] |
| Bank Teller asked my profession on a large withdrawal? Posted: 18 Dec 2021 10:21 AM PST I wanted to pull some cash out for the weekend. It is over $10,000 as I'm looking at a travel trailer. I didn't want to spend my cash on hand so I did a small personal loan with them till we figure out what the economy and inflation will do. (FWIW I did it all online and they direct deposited the funds, so this branch might have not known) After I verified my identity she asked what did I do for a living. Puzzled I replied honestly. When she came back on I asked her why she asked that and her reply was "we have to file the request per occupation, it's not a big deal." That didn't really make any sense to me. I have been a customer since I was 18 (now 37). Anyone have any insight? [link] [comments] |
| Overpaying for rent on West Coast? Posted: 18 Dec 2021 06:57 PM PST I'm moving to San Francisco for a new job with an income of around 145k. I'm 30, have no debt, contribute to my Roth 401k, max out my Roth IRA, and have a healthy emergency fund. I also invest in the market when I can. I toured a new apartment that is around $2,750 per month. Coming from a job previously that made nowhere near my future salary, the cost of this apartment seems astronomical. I really want to avoid lifestyle inflation. The more I look in the area, the more it seems normal and probably even cheaper than others. It's close to work, I won't have to get a car, and I think it would bring me joy. Can I afford this apartment? [link] [comments] |
| In a mess of debt, need a plan to get out Posted: 18 Dec 2021 04:56 PM PST Our total non-mortgage debt is $174k. Between that and our house payment, there is very little room to make headway. My wife and I are both 29, college educated, and have good jobs. But I've looked at our numbers every which way, and I can't find a way for us to gain any traction and get out of this mess any sooner than 3 or 4 years. Numbers are below, I'm hoping a different set of eyes can look at it and see something I can't. Our debts: $90k in student loans $39k in credit cards $24k in car loans $21k in personal loans As far as "changing our habits" that got us into debt, $150k of this is from things we won't be doing again (going to college or throwing a stupid expensive wedding). We don't spend like crazy day to day, we just made a few poor decisions that were very costly. Our income: I make $75k, my wife makes $66k. We should both be getting at least a slight raise early next year. I started working a part time job 5 nights a week that brings in an extra $1000 a month, but it's very physically taxing. I can't do this for 4 years. Our budget: Our take home pay, with the extra job, is $9000 a month. Once student loans kick back in, our fixed bills will be $6500. Leaving $2500 remaining for food, fuel, and whatever else. We would be doing well to put $1000 towards debt every month (basically my 2nd job income). We are also trying for a kid, which will only add more expenses. I am working my ass off to change careers to software development in hopes of higher income potential, but it's far from a sure thing. The kicker: We closed on a house in the Austin suburbs back in March, and now our home value has skyrocketed. After taxes and fees, we could probably pocket $105k if we sold. But, this would break my wife's heart. I feel like I'm between a rock and a hard place, I needed to vent and get some advice. All replies are appreciated. Edit #1: Here is a breakdown of the fixed expenses, it's actually $6200 and not $6500 Mortgage and Taxes: $2300 Student loans: $725 Cars: $445 Credit cards: $935 Personal loans: $620 Water and electricity: $340 Phone bill: $315 Car insurance: $230 Internet and TV: $140 Other misc subscriptions: $150 [link] [comments] |
| Posted: 19 Dec 2021 01:55 AM PST We are about to take a week long trip to the Rockies and we are debating on the extra costs involved. My auto insurance (State Farm) includes rentals and I'm using American Express for the booking which includes their coverage. Basically what I'm looking for is if anyone has had experiences that show taking out Enterprise's coverage to be a better option Thanks! [link] [comments] |
| Posted: 18 Dec 2021 10:59 AM PST I'm buying a car from a private party and I'm confused on how the process goes. The car they're selling is high in demand and if I don't act quick there's two other people on their way to come see the car. The problem is that today is a Saturday and the DMV is closed. Ideally I would like to ask the seller to meet me at the DMV but he will be too busy on Monday. Does he have to be there in person with me for me to register the car I buy as mine? [link] [comments] |
| Credit Card In Car Solely For Gas? Posted: 19 Dec 2021 01:42 AM PST I'm thinking of keeping my Costco credit card in my car just for gas. Unlocking when in use and locking when I'm done. Even if someone gets a hold of the card/card numbers it'll essentially be useless to them so long as the card stays locked, right? Trying to slim down to 1 credit card to easily see my spending trends. [link] [comments] |
| What to do with my monthly savings? (no college degree) Posted: 19 Dec 2021 03:20 AM PST I'm 31. I've worked in the restaurant industry for 10 years. As a Kitchen Manager, I earn $24-$25 an hour and work an average of 47-55 hours per week, or an average of 50 for easy math. I have 2 years of college classes, but did not graduate. I live in Seattle, a high cost of living city. I live very modestly and do not go out much, if at all. I do not drink alcohol or go to bars anymore. Average Gross pay is $1215 weekly or $4860 monthly. My average take home pay is about $1010 a week, or $4050 per month. Rent+ Utilities - $1225 Cell Phone - $48 (data plan, Iphone 11 is paid off) Internet - $40 Haircut $40 Food - $400 (Both groceries as well as DoorDash on occasion) Netflix/Hulu- $25 Laundry - $25 Cat food/litter - $50 Misc- $150 Since I work in a restaurant 6 days a week, I could literally eat for free those 6 days and spend as little as $150 per month on food for my home, if I really wanted to. I could cut out DoorDashing take-out food on my day off too, These moves would cut out probably $250 more per month, if I wanted. Take Home Income - $4050 Savings - $2000 per month My hobbies now are free or inexpensive. I like to keep up on stocks, post on stocktwits, and watch TV shows on Hulu/Netflix, and watch all manners of stuff on Youtube (history, comedy, podcasts) , and I have 2 cats. I used to be an athlete and a big football fan when I was in my teens and 20's, and used to go to bars with my coworkers/friends/housemates to drink and watch games and stuff. Parties. Went out with people. Went to football and basketball games. But now I mostly stay at home and a by-product is that I don't spend as much money. I am wondering what I should be doing with my $2000 monthly savings. My instinct is to buy both stocks and ETF's with dividends. The stocks would be hand picked stocks that I believe will appreciate greatly over the next 5-10 years. The ETF's would be ones that yield anywhere from 10%-14% dividends like YYY, QYLD and WTMF. I'd let the dividends re-invest back into the ETFs while I buy $2000 more each month after bills. I thought about real-estate, but I feel that there is less up-side vs investing in researched stocks long term. I know $2000 monthly is not a whole lot, but thats what I can save currently with my pay-grade and I'd like to hear others opinions on if my idea of stocks/ ETFs makes sense, or if theres something else I can be doing. [link] [comments] |
| Posted: 19 Dec 2021 12:14 AM PST I am a 20F living in OH, with my grandparent and need help. At the start of 2020 I moved in with her as my parents were not able to keep me in the house anymore, (step parent got very drunk and attempted to attack me), I had a pretty good savings of around $4000. Beginning of 2021 something very traumatic happened to me and I had a psychotic breakdown and was unable to work until around June of 2021. After getting a job again I ended up getting sepsis from an infection and almost dying. Being sick and unable to work sucked all my savings and I wasn't able to work until October. They believe I have POTS syndrome from the incident and I am on blood pressure meds as my heart beats too fast and I pass out without them. This has made work a living hell and employers are of course not understanding at all. I am also diagnosed with a multitude of mental issues that keep me from attending college and make work very hard for me as well, this includes autism/adhd/ptsd/anxiety/depression. I am on Medicaid and I plan on getting on food stamps. I don't know if ssi is even attainable for me or if I'd even be able to save money on it. Is there any advice or just anything I can do to financially help myself? I am worried as my grandparent is very old and I need to assure I have a living space for myself when she's gone :( Edit: also should probably note that I am on job #5 this year alone just because it's so hard to keep a job with my disabilities now, I am running out of options and time. I want to be a computer programmer and maybe get a job where I can sit if I can't get disability or some kind of help but I don't even think I can without a degree, I don't know what to do or what kind of job I can atleast apply for that will be okay with my heart disability. I can only really work 7-8 hours a day after 12 pm, is there any kind of office job I can apply for that would be open to an availability like that? [link] [comments] |
| Bribes, Kickbacks, and Stolen Property All Must be Reported as Income. Posted: 17 Dec 2021 08:28 PM PST
[link] [comments] |
| When is it okay to blow money on "fun?" How much is too much? Posted: 18 Dec 2021 11:12 AM PST So I'm about to go on a 4 day trip to Las Vegas with the gf, and I'm trying to figure out how much money it's okay to blow. Just for background neither of us really drink or gamble so this is more of a sightseeing ordeal exploring the surrounding areas, parks, etc. The second day we're going to be there is her birthday, I'm considering surprising her with a grand canyon helicopter excursion (ride there, land on canyon floor, lunch, boat tour, skywalk, the whole package). The cost for this is about $1350 for both of us. My main question is, am I going overboard with how much is being spent on this trip by adding this excursion to the trip budget? Stuff that's been booked so far:
She is willing to spend $1000 on this whole trip (still in school and that's what she has saved for vacations), I offered to cover anything above that. My financial situation:
I have the cash to pay for this and it's over and above my emergency fund. I'm not asking whether or not this is "smart" but rather can I afford to part with this extra $1350. Thanks in advance! [link] [comments] |
| Posted: 18 Dec 2021 10:18 PM PST I am 29 years old and making around 120k a year. Prior to this year, I funneled all of my money into paying off six figures of student loan debt at a high interest rate. That has been paid off. I now max out my 401k and Roth IRA. My monthly bills are less than 500 dollars including rent, phone, and utilities. My emergency fund is at 10k. I haven't been focused on saving recently because I'm not sure of my current goal. I've been putting 1k a month into a HYSA and 1k into VOO purchased from Robinhood (low estimate, sometimes more). Any advice on what I should be focusing on? Or what I should be doing differently? Thank you in advance. [link] [comments] |
| Can I buy a car in cash with no hard credit pull? Posted: 18 Dec 2021 09:38 AM PST My mom is buying a house, and unfortunately before closing she was rear ended. I am helping her purchase a new car in cash (I am providing 20K and she's using the insurance for the rest). One of the car dealerships have said they will do a hard credit pull even for a cash purchase. We are worried this will impact her credit. Anyone know a way to purchase a new car in cash without a hard credit pull? Soft pull and background check are all fine, we just want to avoid a hard credit pull. This is in Colorado if it makes a difference. EDIT: Thank you! I tried calling a few other dealerships and they confirmed credit pull is not needed. Shady dealers! Thank you all for the responses EDIT 2: My mom found another car she wants & the dealership is not pulling her credit. Yay. Thanks again, this community is super helpful & appreciated! [link] [comments] |
| Working With Pro-Bono Financial Advisor Posted: 18 Dec 2021 07:53 PM PST I found a pro bono (fee only) financial advisor in my state I would like to reach out to from NAPFA's website: https://www.napfa.org/pro-bono-assistance I typed up a long description of my financial situation/issues but I don't know if this should be how I first reach out to a pro-bono financial advisor. Is it better I email them with a short and general description of my situation first? Do they have to take me on officially as a pro-bono client first? I'm not sure how this works.. Has anyone ever worked with a pro-bono financial advisor before? [link] [comments] |
| Compensation at current Employer versus salary guides Posted: 19 Dec 2021 12:19 AM PST Today I discovered three separate salary guides from industry publications that I am currently being underpaid by 15k in my roll against the medians for the size of company and locality. Any advice how to approach the topic with my direct supervisor / management? [link] [comments] |
| Can I give my 529 to my cousin? Posted: 18 Dec 2021 09:32 PM PST I just graduated college with no debt due to lots of help from a large family, and I have an unused 529 with $9000 in it that I want to give to my cousin since he's in a lot of debt in his sophomore year. Can I just change the beneficiary to him online without having financial reprecussions? My parents seem to think I would personally pay some kind of penalty or tax, and I know very little about finances personally, so I have no idea. [link] [comments] |
| Posted: 17 Dec 2021 10:06 AM PST Rent was paid on December 1st, a new management company bought our property on the 7th, they are demanding payment and not accepting my bank statement as proof and saying it's my issue. What options do I have? Edit/update: I appreciate all the comments and advice! I am about to head out to the post office to send certified letters to their head office and regional office. I did send an email last night, but that provided zero resolution. I will try to remember to update in a week or so. [link] [comments] |
| I'm obsessed with money and I can't spend it Posted: 19 Dec 2021 02:21 AM PST I used to be called a scrooge since I was in highschool, so I'm not sure how deep my problem is, but I can't spend money, specially if it is for me. I'm in my 30s and until a few months ago I used to either rent a room or the cheapest studios I could find. I almost never eat outside and I rarely shop clothes. I save almost 80% if my salary and still I feel I have to save more. Most of my savings is in stock market and even though it's been steadily increasing, if I lose the chance for a good trade I'll be blaming myself for days. People have recommended me to do therapy, but therapy is too expensive. I can afford it, but I can't justify it. Life's weird and I need help I think. I used to tell myself I'm saving to retire, but I've no idea what I'd want to do after that. Over the last four years, I've taken only a couple of days off.... [link] [comments] |
| Posted: 18 Dec 2021 11:51 PM PST I'm 19 years old, I have an offer of 26,800$ from Carmax I currently owe 9700$. My car is a 2020 Tiguan I love the car but I hate the debt and not having any money. Before I bought the car I had 15,000$ in savings and blew it on this car as a down payment ….. I know dumb move… but anyways before that I loved saving and investing watching those nest eggs grow, 90% of my income went into investing. Buying stocks to me was the same as buying clothes to other people. Idk it's not the same anymore I don't enjoy saving and investing as I used to. My uncle is selling his well maintained Cadillac Eldorado for 4000$ that'd I'd buy. For insurance and car payment I pay 290$ my interest rate is 4.25%. [link] [comments] |
| How much does the average 23 year old have in savings? Posted: 18 Dec 2021 08:49 PM PST I'm curious.. how much do 23 year olds actually have in their savings? My parents never really talked to me about finances growing up and I don't know what it normal!! [link] [comments] |
| TD Bank ATM keep eating my card? Posted: 18 Dec 2021 09:59 PM PST First time it happened i was trying to deposit some cash it spits some of it out then ATM said one moment please then ate my card. Got in touch with customer service blocked my old card and went to the branch next morning was issued a new one. I thought everything was good then when I tried to withdraw money from my account for the first time. It let me got to the screen that ask what kinds bill do I want then it said unable to return my card due to technical difficulty. Now i dont know if somehow my debit card is on some sort of hot list or hot carded? I have never reported my card stolen or any fraudelent transaction. I did have a claim dispute going on but Could that be a reason my card was eaten again by official TD bank ATM or am I just bad luck? [link] [comments] |
| Looking to move in a apartment what does this mean? Posted: 18 Dec 2021 08:41 PM PST I'm self employed and would be using bank statements to verify income. Here is the requirement for that- "The last three current and consecutive bank statements showing liquid assets totaling at least three times the net effective monthly rent for the entire lease term" What does this mean exactly? If the rent is $1500 a month Do I have to show them three months statements of me having 3x the rent for 12 months if I sign a 12 month lease? So a total of 54k in each bank statement? Or at least $4,500 for three statements? [link] [comments] |
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