Personal Finance Is Uber the best part time job for my situation? |
- Is Uber the best part time job for my situation?
- 55 year old single mom with no education - how can she retire safely?
- It's harder for me to save in my 30s than it was in my 20s. Am I the only one like this?
- Company screwed me out of benefits for my son
- How much should my rent/mortgage be max if I’m taking home 3200 a month
- Can i afford to buy a new car?
- Is it actually possible to engage a human being at the IRS these days?
- Am I saving enough? Am I spending too much?
- How to negotiate a larger annual raise to at least match inflation.
- Is it possible to go from credit catastrophe to mortgage in two years?
- I'm a working-class person with bad credit who just got a white-collar job offer. What do I do next?
- Stay in government or move to corporate
- Reporting unreported tips on tax return
- Paying a live in caregiver
- Negotiating salary- what to do if I need to increase range already given, and other help needed please
- Real Estate: Bypass bad realtor to inform home owner
- Had my first ever 30 day late payment hit as I'm in the middle of closing on a house. Is my financing likely to fall through?
- Dog owners, realistically how much did you spend initially?
- I messed up and an old debt came back on my credit score, how long will it stay?
- What do I do with this money?
- W2 tax question about "PASUI" and "LST" codes
- Tax help (deductions, etc.)
- Shopping for VA cash-out refinance mortgages - I have two offers to compare, would like advice
| Is Uber the best part time job for my situation? Posted: 29 Jan 2022 06:38 AM PST I made $81,000 in 2021. My wife makes $61,000. We clear about $7000 a month after deductions for taxes, 401k, pension, and healthcare. We have no debt, but also don't have any liquid savings. Our monthly expenses are a $2,835 mortgage and a $1035 daycare expense (which is going to double soon). Plus we have the usual stuff like cell service, internet, TV, gas/electric, etc. Long story short is I am going to need a 2nd job of some sort to make things work when #2 gets into daycare. I need a new car regardless, so I am thinking of buying a Toyota Corolla hybrid ($23,750 MSRP) which is a pretty ideal car for Uber (53 MPG). We have a newer (paid off) minivan for when we do things as a family. I live in a densely populated suburb, which they say is a good market for Uber. From what i have gathered, I should be making $20+ an hour. I probably would work most Friday nights and sporadically otherwise. Does this make sense? I like the flexibility to work when I want. I also don't know if there is other part time work that I can realistically expect to make $20+ per hour at. [link] [comments] |
| 55 year old single mom with no education - how can she retire safely? Posted: 28 Jan 2022 07:58 PM PST My mom is 55 and immigrated to the states 20 years ago. She has a high school and vocational school diplomas, that date to 1986 in hospitality management from a foreign country - impossible to verify at this point. She has been working as a home "caretaker" for the elderly for over 15 years making $10/hr and in the recent years got a job as a Primary Care Technician at a hospital. She currently makes around $20/hr working 12-hour, night shifts, often picking up overtime to try to save up money. At this rate, she won't retire until well into her 70's (and I don't want to scare her with the truth). If she was to quit or get fired, her only option is to go back to being a caretaker. Even getting a job at Walmart would yield difficult because she doesn't have a US Standard HS Diploma or GED equivalent. Her current work is taking a toll on her, and I'm not sure how I can help aside from financially support. What sort of jobs can she be eligible for? Has anyone been or knows anyone that's been in this situation? Thanks in advance for any advice. EDIT: Wow thank you so much for all the insights guys! Big thank you. [link] [comments] |
| It's harder for me to save in my 30s than it was in my 20s. Am I the only one like this? Posted: 28 Jan 2022 11:01 PM PST During my 20s. It was easy for me to save 8 months for something I really wanted because I felt that I have all the time in the world. I would save %70 of my net income easily and invest, etc. Now in my early 30s,,,I probably save like %10 if I'm lucky. I feel my mortality more than ever. Seeing my beard get more gray everyday and waking up with random pains. The thought of saving 8 months for something is unfathomable at this stage of my life. I see something I want and I just get it...even if I have to dip into my investments. I'm not in debt or anything. But budgeting and investing seems exponentially harder now in my 30s. I have an unconscious fear of waking up in my mid-40s and all I did was save and work with nothing to show for it. On the other hand I feel like I'm doing a disservice to My Future self by not investing as much as possible. So I'm kind of stuck in a rut when it comes to planning my financial future. Am I the only one that feels this way? [link] [comments] |
| Company screwed me out of benefits for my son Posted: 28 Jan 2022 07:10 PM PST Hello! I had a baby last October, needed to submit proof of his birth to my company's benefits department. I was unable to submit his birth certificate since I had sent it back to the state because of an error. I DID submit a hospital birth record (which was an option on their website), but got an email stating that that was rejected. I called the company and the woman I spoke to said that should work, but that someone would be calling me in a few days to work with me. Well... no one called. I called back a few weeks later and spoke to someone at my insurance said he WAS covered. Now, almost two months after my open enrollment, I get a bunch of messages saying he was never covered and I owe a TON of money from his past few pediatrician bills, a NICU stay, etc. Is there anything I can do at this point? I'm going to call my benefits center tomorrow if they're open, but I'm worried that I'm screwed and now I can't even add him to my benefits for 2022 since open enrollment has ended. [link] [comments] |
| How much should my rent/mortgage be max if I’m taking home 3200 a month Posted: 28 Jan 2022 06:36 PM PST Let's say the other utilities , insurances etc are max 1k a month also. Trying to have it so that essentially my salary is what pays everything while my wife's salary will pay for everything else (like furniture, vacation, savings etc. ) Edit: if I could I would like all your comments I think I've read like 90% of them a few hours ago. So much lol [link] [comments] |
| Can i afford to buy a new car? Posted: 29 Jan 2022 06:43 AM PST I'm 23 in college i have about 12k in savings and would love to buy a new car. Like I said I am in college but all of it is paid for , i was pre approved awhile ago for a car note of 45k (it's still on my account) I have 0 debt Right now i drive an old 1990's dodge truck that isn't the most reliable and is a little embarrassing to still be driving. So I would love to upgrade into something a little nicer. Can I afford it? Or should I wait until the market dies down? edit: oops i forgot to also add i make 30-37k a year and monthly expenses are about 500$ [link] [comments] |
| Is it actually possible to engage a human being at the IRS these days? Posted: 29 Jan 2022 07:17 AM PST I got one of those "did we oopsie overcharge you last year?" Yeah, they did. I paid, but wanted to contact them. So, I called - many times. Hold times close to an hour (52 minutes in one case) and never got through. I'm about to have some important filings over the next few years and wonder: how do people actually engage with a human at the IRS? Many years ago I had a minor issue with a return and had a pleasant, simple interaction with them - easily addressed and resolved with two phone calls. What are people doing now? Edit: Holy shit - I'm staggered by what people are saying. And thank you for the replies. I work a public-service job, in a 'critical' sector where I am contractually not able to just take time during IRS normal work hours. If I go to a local office (thanks for the suggestion) and strike out, I'm literally out of my one day off for 6 months. I'm thinking I just need to go certified-letter route, and if they get upset, let them contact me? [link] [comments] |
| Am I saving enough? Am I spending too much? Posted: 29 Jan 2022 05:47 AM PST I'm 24 and make 50k a year as a teacher and take home $1550 biweekly, or $3100 per month. I live in NYC. TLDR: Saving $1000 per month, using $1500 on life, spending $600 on misc things. My portion of the rent, split with partner: 1000 Various insurance: 200 Gas for car: 60 Electric: 100 Wifi: 55 Cat supplies: 80 Subscriptions: 20 (All together about 1500/month on rent and bills. I won't start paying back student loans until May but then it will be an extra -300/month.) When I get one of my bimonthly paychecks, I immediately pay rent. When I get the next check, I immediately put $1000 in my savings account, where I currently have saved $9.5k. The other $600 per month is spent on "miscellaneous things"- household supplies (I'm responsible for buying all of these), doctors and prescriptions, gifts, bars and restaurants. (My partner buys all our groceries and doesn't contribute to our bills.) Is it insane that I'm spending so much on "miscellaneous"? Do I need to seriously cut back? My thinking is that by the time I need to start making loan payments, I'll have a solid $10-12k emergency fund and can start reducing my monthly savings to around $700. I contribute to my 403(b) with a matched $63 per paycheck. Not much in there yet. Savings goals: go to grad school for higher paying career (no school in mind but I will prioritize cost), buy a house around 400k (probably upstate) and have 1-2 kids all within the next 6 years. My partner (marrying this fall) has family money that will cover a 20-30% down payment and a safety net. We can't leave the city for at least a few years. [link] [comments] |
| How to negotiate a larger annual raise to at least match inflation. Posted: 29 Jan 2022 05:32 AM PST Hello All! I work at a small engineering firm, and we get an annual review/raise from the boss, and it's typically between 1.5% and 2.5%. Since I started at the beginning of 2019, I've gone from 55k to my current 63k. I am anticipating a similar raise this year, but with the national inflation rate at 7% last year, I feel it's reasonable to at least ask my boss to match that rather than the typical raise amount that happens. During the review when he offers me the pay raise, what is the best way to respectfully ask for more to keep up with the growing cost of living? [link] [comments] |
| Is it possible to go from credit catastrophe to mortgage in two years? Posted: 29 Jan 2022 07:43 AM PST Hello folks! Anyone want to help me with a game plan? [link] [comments] |
| I'm a working-class person with bad credit who just got a white-collar job offer. What do I do next? Posted: 28 Jan 2022 01:40 PM PST Hey everybody, thanks in advance. I'm 36. I've been living paycheck to paycheck for my entire adult life, mostly working food service jobs. Sometimes I've been able to get a couple thousand in savings, but that's about it. About half of my adult life I've needed EBT. ACA has been a literal lifesaver. My credit is bad. I've got somewhere between 5-10k in credit card debt in collections, plus a small amount of medical debt, not even sure how much. I've been afraid to check for years. Three months ago, things started changing. A friend offered me a six-month WFH job that paid about as much as my restaurant job did. Seemed like a good idea during a pandemic, so I accepted it. The company that hired me has been working with a single client for the whole contract. This client has really, really liked me apparently, because a couple weeks ago they offered to hire me full-time after my contract is up with my current employer. Also WFH. They asked me what my rate was. After consulting with all of my successful friends, I threw a ridiculously high number at them (like, in the top 1% of people who work the job they would be hiring me to do, according to sites like ziprecruiter). After 48 hours, they accepted my rate, had me write my own job description, and are mailing me the contract. I'm stunned. I don't know what to do. Three months ago, I was making $20 an hour (including tips) on a good night. Once I sign this contract, I'll be making $110k annually before taxes. What do I do next? I really, really don't want to fuck this up. All of a sudden, things like "retirement" and "owning a home" feel like a distant possibility. Do I hire an accountant? Isn't that what people with money do? I know that things like IRAs and 401ks exist, but I really don't know what they are. Also, what about taxes? Thank you again. Sorry if I rambled, but I'm super overwhelmed here. I could really use some simple, actionable next steps. Any advice at all would be greatly appreciated. Note: I live in Washington State, if that matters, and I'm working on 1099. TL;DR: Been poor my whole life, suddenly going to make 110k a year. What do? [link] [comments] |
| Stay in government or move to corporate Posted: 29 Jan 2022 07:46 AM PST I make $95k in government, I'm in my late 30s, already vested in pension, need to work another 22 years to get full pension (about 72% of my average highest 5 years salary), young kids with a great work life balance, with a possibility of promotion next year to $120k. Will probably stay in this range until retirement. I live in a town with fairly cheap cost of living and plan to retire from here. I'm being offered a corporate making around $160k with a 401k, bonus and standard pay increases, but hours would be hectic. Should I make the move or stay? [link] [comments] |
| Reporting unreported tips on tax return Posted: 28 Jan 2022 07:18 PM PST So I got a job early last year that involved receiving tips, and a pretty significant portion of my income last year included those tips. There is there any kind of procedure to report tips to the employer, nor were any of us told to report tips to the employer. I knew the tips I earned were taxable, but I just assumed that I report it on my tax return later on and pay whatever I owe, but it turns out I should have been reporting my tips to my employer throughout the year. Nobody else at the business reports tips either and none of the older employees have reported their tip earnings on their previous tax returns. I was thinking about filing a 4137, but it seems there are penalties to it, and I'm also wondering about unintended consequences such as the employer getting investigated or coworkers getting audited as well as I would be the only person at the establishment reporting any tips and filing a 4137. [link] [comments] |
| Posted: 29 Jan 2022 09:09 AM PST Greetings, I desperately need advice on this. My mother has lost the ability to care for herself due to dementia. I live 3 hours away from her. Our relationship is too toxic to live with her myself. But I am all she has to care for her. I love my mom but I can't do it alone. I found two wonderful caregivers who rotate her care. It's usually 10 days on & then the other provides relief for 4 days. We tried just a few hours a day for a while. But mom needed someone there more. So we moved one caregiver into mom's home. She also has a 16 year old son who moved in also. They both have been wonderful & I have no complaints. What I need advice on is how do manage this arrangement financially? What is fair? They both have rooms of their own & pay no utilities. Mom still can do her personal business, she just needs guidance. No medical problems other than dementia. Just a difficult personality sometimes. She does need all her meals prepared. The caregiver has been supplying most of the groceries. Which is fair I think. Since she & her son eat more than mom. My main issue is do I continue to pay the same hourly rate as before she moved in? Should I suggest a salary rate instead? The hourly is costing $1400 for her 10-day shift. Plus living expenses for 2 extra people in the house. Please I need to know if this is reasonable? I've no prior experience in this regard. And no one else is helping me manage anything. There is no financial help from insurance. I feel so stupid having to ask like this... But I have no other available option. It's a complicated arrangement. And I can't find anything similar online to compare for reference. Any help will be greatly appreciated. 🙏 [link] [comments] |
| Posted: 29 Jan 2022 07:51 AM PST I'm applying for jobs, and I'm so confused to the best way to negotiate salary. I've been told to give a range so you can negotiate later on, but I've also been told by others NOT to give a range, as then they'll just pick the lower number. Appreciate any advice, I've googled this stuff, but it's very generic and contradictory. I'd rather get people's actual experiences. [link] [comments] |
| Real Estate: Bypass bad realtor to inform home owner Posted: 29 Jan 2022 09:04 AM PST I was browsing open houses one weekend and looked at a 2B2BR home the other day and the realtor asked (as per normal conversation) "Have you already been pre-approved?" To show interest (and it was honest too) I said "Yup, I've been pre-approved for much more than this property is worth." The realtor somehow saw this as opportunity and went on and on about looking at other homes instead. "Oh this home? you don't want it, you can afford something much nicer than this. Let me get you in touch with ..." What is the ideal way to approach the home owner (maybe just send a letter to that address?) to let them know their realtor is not helping to sell the property? [link] [comments] |
| Posted: 29 Jan 2022 07:28 AM PST Hello all, I accidentally charged about $40 to PayPal credit and since I never use it I didn't pay it off. I'm supposed to close on a house with my husband on February 25th. We currently have conditional approval. A few days ago I got a letter (the first item mailed to me) that my PayPal credit account is 30 days past due. I paid it off right away, but my credit score has now dropped from ~800 to ~700. Is this going to make financing fall through? My husband has a score of ~800 as well, but already has a house in his name that were planning on selling after close. I'm just worried this is going to be a major issue. [link] [comments] |
| Dog owners, realistically how much did you spend initially? Posted: 29 Jan 2022 08:32 AM PST Was conflicted on whether to post in dogs sub, but they're not very kind over there so here I am. I've been fostering for a while now and am about to have my first foster fail. When I pick up my fosters, the shelter provides a bag of things they may need (collar, leashes, poop bags, food, some treats, a crate). Over the months, I've accumulated a few items that are transferable from dog to dog like hard chew toys. Random items I thought specific dogs would like, etc. but now I'm realizing I need to get a good order in off chewy and the total was close to 500! I like to think I'm a good mid range dog owner- I don't treat them like human toddlers but I also don't feed gravy train. Basically what is in the cart is a dog food I'm happy with, both dry and wet. A slow feeder. Shampoo. Zoom groom. Kong. Crate + pad. Bed. Elevated dishes which I can easily not get as I plan to use a slow feeder anyways. Assorted chews. Puzzle toys. Ear cleaner. The only other item I can realistically remove from the cart is the elevated bowls. I've already pulled a lot of items out. This isn't even including initial vet fees and adoption fees, which I know are compulsory. I'll be getting pet insurance as well. Seems like her first few weeks are going to be upwards of 1k. Is this normal or am I overdoing it? [link] [comments] |
| I messed up and an old debt came back on my credit score, how long will it stay? Posted: 29 Jan 2022 02:36 AM PST I'm currently living with some relatives and looking for a job. I had dropped out of college in 2016, and the tuition that I owed went to collections; on my credit report, the date this debt was assigned is 08/2016. This debt was no longer on my credit score, as I hadn't paid anything since it went to collections. About a week ago, the relative I'm living with strongly suggested that I should call the school to try to negotiate my tuition debt, to possibly pay it off and go back to school. I was hesitant, because I don't have much money at the moment so I couldn't pay much, and I didn't want it coming back onto my credit score, but they got angry and it got personal so I called the school the next day. I initially called the school, they told me that I needed to call the debt collector. I called the debt collector, and after getting my address and phone number they said I had to call the school to try to negotiate the debt. I called the school again and talked to a higher-up person, who told me the debt couldn't be negotiated. I can't pay the amount, so that was the end of the conversation. The debt is now back on my credit score. This is going to be a significant obstacle for me when I find a job and try to get my credit in order; the "Date Reported" is 01/2022, as I said previously the "Date Assigned" is 08/2016, and I was in New Mexico for school but am now in Texas if that matters. How long will this be affecting my credit? Is it going to be several years again, to where I'll probably have to pay it off if I want to be in good credit within a few years? [link] [comments] |
| Posted: 29 Jan 2022 02:57 AM PST I finally was awarded my disability with back pay. Because I had enough points from paying into Social Security for so long, my monthly benefit is more than usual. My house is completely paid for, so I don't have rent or mortgage. So now I have $10,000 in the bank and more piling up by the month, which I estimate will be about $4, 000 a year. I believe if I have more than a certain amount in the bank, they will reduce my benefits. Other than hiding cash in the attic, what do I do? There are only so many home improvements i can make. I already gift 15 percent of my income to charities. I spend another 5 percent as individual gifts to people in need. Is there some way I can invest it somehow in case of a future emergency? My fear is I will need it for some major home repair or something and not have it, as I live in an earthquake zone. For over 2 years my daughter supported me as I waited for disability but now she won't take a penny back. Please, any advice,? Edit. I just found out that because I get SSD and not SSI, I can keep my money in savings. Thanks for the great advice. I will be purchasing some bonds and gold to keep my money safe. I'm always afraid of scammers and hackers. Everyone is so helpful. Thanks again! [link] [comments] |
| W2 tax question about "PASUI" and "LST" codes Posted: 29 Jan 2022 07:16 AM PST I'm importing my W2 into TurboTax and it missed a couple sections under BOX 14: PASUI LST I filled in the codes and amounts, but then there's a mandatory box that says "Category" for each one. For PASUI, I selected "Pennsylvania Unemployment tax" because based on a Google search I think that's what it is, but not 100% sure. Google says LST = local services tax, but under the category drop-down on Turbotax, I do not see a relevant classification for anything regarding local services tax. I do see one that says "Other deductible state or local tax," but a Google search shows conflicting info. One person says this is what I should choose for LST, and another person is saying LST is not deductible. In that case, would I just choose "Other" as the category for it? TL;DR -- just trying to figure out what TurboTax category to choose for both PASUI and LST. [link] [comments] |
| Posted: 29 Jan 2022 09:25 AM PST TL,DR: I have no idea what I'm doing. The past year has been my first full year of working a decent job from home, and while I expected to take a hit from taxes since my job is a freelance/independent contractor position, I'm finding myself looking at much more than I bargained for. I don't know how to do quarterly taxes, so I figured I'd just eat a bit more of the costs and pay everything at tax time like I was doing before with regular full-time/W-2 positions. But as I'm currently staring at nearly $4,000 as what I'm owing, according to FreeTaxUSA, I'm realizing I need some serious help. I know I can enter stuff like internet as a business expense, but for that do I just add up what I paid through the year, or is there a form I can get from my provider for that? Same goes with electric and house notes, though in the case of the latter, that's under my brother's name and we split the cost of that. Would I just be better letting a tax expert handle this altogether, or would the costs not be worth it? As far as the future goes, I don't know if I should look into CPAs or if that would cost more than it's worth it for someone getting less than $2,000 a month. [link] [comments] |
| Shopping for VA cash-out refinance mortgages - I have two offers to compare, would like advice Posted: 29 Jan 2022 07:11 AM PST Offer 1:
Offer 2
I plan to use the cash for improvements/debt consolidation. Also, I plan to remain in this home for at least the next 10 years. Which is the better deal? Any other data that I should provide? [link] [comments] |
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