Trying to figure out my plan for this next year while living with the in-laws. My wife (27F) and I (28M) had our first baby in August and were renting a condo in a HCOL area. Our house bills including rent totaled around $3400 excluding food/cleaning products/etc. My truck is paid off. her vehicle isn’t, and cost $280 a month. We decided to move in with our in-laws in their large home nearby to start aggressively saving to…

Help with my credit score Hello, I’m a 19 year old female and I just got my first credit card. I’ve been looking into all of the things I need to do and how to ensure that I get and maintain a good score. Only, today, I checked my score for the first time and found that it was 594. I was confused so I asked my mom and she said that when I was 16 she had co-signed me onto…

How do you unenroll in Zelle from one bank and then enroll it in another bank (using same phone number)? I’m switching banks from Wells Fargo to Capital One and need to update the bank linked to my Zelle account. Right now, my mobile number is tied to Zelle through Wells Fargo. How do I switch it to Capital One? Should I first unenroll my mobile number from Zelle in the Wells Fargo app and then re-enroll it through the Capital One app? submitte…

Am I banking right ? I get paid 3 times a month, all checks are inconsistent as I’m commission, I recently started baking with sofi and had my dd changed to the savings. I’m kind of struggling to organize my bills and such. Should I have all my income deposit into the savings, and all bills auto draft out of that account as well? That seems like it would work but th…

Identity theft of child Hello, A few months ago I received a collections notice for my 10 year old child. It was for a bounced check in my mother-in-law’s name, to a big box store in her town. When confronted, she claimed her identity and checkbook had been stolen, and produced a police report saying as much. She does not know how my child got involved. My spouse has d…

Should I just remove myself as an authorized user from the credit card? Hello all, About 6 months ago my mom asked for my help to pay for a credit card which I am an authorized user on. The card has a balance of $8200. The interest rate is at 18%. Mind you I told her I’ll take over the payments so she can get some breathing room financially, but I will eventually need your help. She agreed to help by the…

What to tell my wife in case she needs to use my life insurance? My wife and I recently upped our term life insurance policies to 1 million in coverage for each of us. My question is, if I were to actually pass away, what should she do with the money to ensure she and our two children under four are okay? Background information: -my wife and I are in our early 30s -we have two children under four -I make 105k…

Retired on a fixed income but no debts. Would I be wasting my time going to my bank and asking… for a car loan? I have a credit card and pay it off each month. I also have some money in a 401K. Also, what is the oldest year they would finance? submitted by /u/RawEggEater1956

Any Drawbacks to Paying Off Car Early? I bought a new minivan on 12/31. It’s 1/4 today. I have the funds to pay off everything. Shall I go ahead and do that now or is there any reason for me to wait? EDIT: Rate is 7.7% submitted by /u/acthechamp

Advice? Auto Loan Mess up. Hello, I am a 21-year-old female who made an impulsive decision a few months ago, and I am only now realizing the consequences. I bought a 2021 BMW Series 3, 330i with approximately 24k miles. I just signed the papers and left, and of course got ripped off. I was making poor financial decisions amid some personal failures. I was on a destructive…

529 Portfolio Feedback Looking for some feedback on my portfolio idea for my newborn child’s 529 plan, which I will open as soon as I get her SSN. I live in a state that does not have any tax incentives – I am looking at Fidelity’s customized approach instead of an age based portfolio. I have lurked this sub enough to know that going the INDEX fund over the non index …

US treasury check. Confusion I got this check in the mail and idk why. It just says 12/21 tax refund. Anyone knows who I can call or what to search to see why I got this check? It doesn’t say the amount fully ($***280000) seems like a lot of money but that makes my worry even worse as idk where it’s from and what to do with it. Idk about finances and stuff. Just the averag…

Help with minimizing capital gains loss Howdy friends, I have about $48k invested in a variety of individual stocks that I am trying to sell and move into broad stock market ETFs (VTI and/or VUG) – In retrospect I made a mistake in purchasing them, would have made more on the ETFs, but it has still been a good year for them and they are up about $13k. My question is this: If they wer…

Contributed to employer FSA anticipating baby. Had a miscarriage. Employer is not allowing to unenroll. What are my options? I contributed $2,000 to my employer’s health care FSA account during open enrollment in mid-November 2024, anticipating medical expenses for a baby expected in 2025. Unfortunately, I experienced a miscarriage in mid-December and don’t anticipate using the funds for other health-related expenses next year. I reached out to HR/Benefits to request …

updated: Should I have my mom on my bank account at 23? Back in Jun, I set up an account at a local credit union. at this point, the joint account with Mom still exists but nothing goes in or comes out anymore. Now for some reason, she pretty much refuses to give financial advice if I ask even though I didn’t do anything wrong. it’s like I tell her, I’m blind not stupid so what is her problem? am I i…

Housing as a Worthwhile Investment Today (as a first time homebuyer) I’ve been looking into the housing market in my area (OR) Portland Metro suburbs in Beaverton to as far as Hillsboro or Sherwood and it is bleak. Namely being that only condos or townhomes are on the table of possibility. I wanted to get some second opinions on the math of home ownership. For example: Condo 294k list price 1 bed 1 bath 792 sq ft…

Trade in Honda Accord to lease an electric Volkswagen ID.4 My 2009 Accord V6 is due for a timing belt and some suspension work soon, which all in will cost over $2k. For $2k plus the $3k that the dealer is offering me for my car (car has almost 200k miles) , I can lease the VW ID.4 for the next 2 years and still have a few hundred left over (with incentives, total lease for 24 months comes to $4700 incl…

Spouses job keeps switching insurance mid year My partners job keeps switching insurance providers mid year. Causing me to lose what I’ve contributed towards my deductible in July; and then it resets in January. Then the cycle begins again. This is incredibly frustrating and doesn’t feel like it should be legal?/ allowed to happen. wtf do I do? Partner keeps saying they will ask but honestly…

New to the US workforce and trying to figure out our finances My wife and I recently moved to the US and are starting our life here with the goal of staying long term. I have just graduated from my master’s program and I am making 127k/year as base salary. Bonuses are an additional ~20-30k/yr depending on company performance (not included in the budget below). My wife is currently pursuing her master’s pro…

Mistakenly elected DCFSA money I accidentally enrolled money into my DCFSA account instead HSA (about 1.5k). However, we do not qualify since my wife if neither employed nor seeking for a job. If this money is impossible to pull out, can I still use it for child care if it is being taxed. submitted by /u/mewtan