Personal Finance My 55 year old mother has no retirement |
- My 55 year old mother has no retirement
- Blockchain scam email?
- I’m stuck in a financial conundrum
- Buy a house or rent when as a family we are all moving down to the West Country in less than 2 years
- Looking for advice - take out loan or pay off debt with savings
| My 55 year old mother has no retirement Posted: 18 Jan 2022 05:39 PM PST Hi I (m22) live with my mom and she still lives paycheck to paycheck. No retirement accounts that I'm aware of. She got laid off recently but says she's gotten multiple job offers and she's just being picky. I had a talk with her because I had found several letters from our apartment stating exactly how much she owed, which came out to around 25k. That's just what I know about. COVID-19 has been rough but she had a job the whole time making about 70k a year? She paid off her new car last year which is great but I can't help but worry where she'll be in 10 years financially. Will she ever be able to retire? Are my future finances going to be drastically impacted by her? She is divorced. I have 2 brothers and can't help but feel like we're going to have to provide for her. What's something she can do to help herself the most? [link] [comments] |
| Posted: 19 Jan 2022 03:44 AM PST Hey, So last March I invested funds into a scam company DCmartket and lost my funds. I originally reported this to blockchain, fast forward to nov 2021 I received an email stating that there was funds in a frozen wallet that belonged to me. I thought he nothing off it and ignored it but I started receiving calls in January and more emails stating I needed to respond ASAP etc. The number is a Swize number and the lady is stating she is from blockchain. They asked me a lot of questions and basically said I have over 24.000$ sitting on the account. They asked me to open and exchanger account and they could send the funds to that account they recommended Kraken. I am probably being scammed but I just want some input on it. Thanks 🙂 [link] [comments] |
| I’m stuck in a financial conundrum Posted: 19 Jan 2022 02:41 AM PST During the pandemic I completed a masters degree, which as we all know is very expensive. Before the pandemic began I thought I would be able to pay for some of it by myself and pay the rest through a loan. The pandemic came along and I stopped working, this meant that I had to reduce the payments on my loan, but also meant that I couldn't pay the remaining balance to the university. I'm now in a situation where I owe the bank €1400 in arrears from the reduced payments in the pandemic, but I also owe the university €2500. I don't know if what to pay off first. Then I wonder, should I save up and pay it off in one go or should I pay it off monthly? Any help would be great appreciated! [link] [comments] |
| Buy a house or rent when as a family we are all moving down to the West Country in less than 2 years Posted: 19 Jan 2022 03:19 AM PST Sorry if I end up waffling on, but basically… we as a family want to all move down the Cornwall/Devon from southampton at the end of 2023. I live with my gf in a house which I've owned for 3 years, mum and dad are retiring next year and selling up and moving down, my sister however is just looking to move out, and she is set on buying a house here even though she knows she will be selling it in like a year and a half. I can't help but think renting would be better for her, less stress and she won't have to pay stamp duty down in Cornwall. She has 50k in savings and is gonna put 90% of it down and save the 10% for furnishing etc. She feels renting is a waste of money, works in the nhs as a nurse and so the wage is not that good. Any advice would be greatly appreciated [link] [comments] |
| Looking for advice - take out loan or pay off debt with savings Posted: 19 Jan 2022 02:55 AM PST Hey all. For some context - I'm in Australia (if that changes anyone's views on how much the currency is worth) I had a job that I left in October last year - at this job I had a novated lease vehicle. There was 6 months of payments remaining which the final lands in March. At which point there's a balloon payment of $13k remaining. My options are: to take out another loan, and accrue fees and interest over 3 years that will end up going to 17k through the life of the loan with fees and establishment fees Alternatively I have close to 18k In savings. This would eat through that, but with amount I'm saving on loan repayments, and also receiving an additional 20% payrise, I'd be estimating I can get back to where I am now inside of a year. Internally I'm leaning towards paying it out from savings and living as lean as possible to recover back to where I am now. One thing that is also a benefit to this is that I have a 10 year review for the type of work that I do where debt is seen as a negative. Additionally, because I have not been at my current workplace for more than 6 months (and I'm changing again), I don't expect lenders to look favourably on this. Credit rating is not really an issue other than the changing of jobs being less preferred by lenders. Seeking advice or opinions from anyone who might want to weigh in [link] [comments] |
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