Is it realistic to save ~700€/month as a truck driver? Hi, so just before starting off, I’m sorry if this sounds stupid, but I’m only 17 and I have basically no experience with budgeting yet. So anyways, here’s my situation. In August I’ll be done with regular school and I’ll start my training as a truck driver (I’ll be 18 by then, not really relevant though), where for three years I’ll repeat the c…

Should I move/Can I afford rent? Hey! So my roommate told me the second week of January she’s moving out. I’m now stuck paying rent alone with a month notice. $900 a month plus gas and electric (around $200+ a month). I make about $700 a week sometimes more if I work overtime. I don’t have a car payment but my car insurance is about $250 a month since I got in an accident. Do y…

Comparing different places in the cost of living What is the best indicator, of the overall average cost of living in a certain country, or location, that can be used to compare the cost of living in different places, or countries? submitted by /u/WelcomeConscious588

Life Insurance Policy Question If mom passed and left a life insurance policy, but didn’t list all the children as beneficiaries, but left a video will saying everything left will be split between her children. Can the only person listed on the life insurance policy get away with taking the whole policy? I was a minor/ orphan after mom passed. Older half sister might have s…

Pay got cut and groceries are way too expensive. How should I budget? My income recently got slashed, and now I’m struggling to keep up to provide for my family. After rent and bills, I have to make everything else work with what’s left, but groceries feel impossible. I’ve tried cutting costs. Buying in bulk, meal planning, skipping extras but prices are still brutal. Would love any budgeting tips that actually wo…

New parents- life insurance? My husband & I are 30 and 34, married for a year & just gave birth to our first child. We want to enroll in life insurance, but we are a bit overwhelmed with all the different options and terms. We are both healthy, mid level career & want to ensure that we can take care of our son and have some financial leverage from our policy. We are leaning…

Options to withdraw money from 401k if I have to leave the US. I have been living in the US for the past five years on a F1 visa. I have been working full time 3 of those 5 years. I maxed out my 401k contributions for those three years and I am on track to do so this year as well. My visa expires later this year. I have a chance at a work visa and my employer is sponsoring but I am not sure if it will get p…

Tax efficiency – do you keep only certain assets in taxable accounts and others in tax advantaged accounts? I’m reading that after finding a good overall allocation and minimizing fees and expense rations, the next thing to worry about is tax efficiency. So keeping municipal bonds in taxable accounts and small cap in something like Roth IRAs. Tough to imaging a lot of people worrying about this level of detail. What sort of drag could you experience …

Home Buying Tips? Not Sure What Ratio To Use I am in the market to purchase a home. What’s the maximum ratio (or percentage) people are using for home buying? 2x income? 28% of monthly pre-tax salary going towards the home? submitted by /u/emeraldcalipers

Is a 20% down payment on a house the best way to go? I’m a huge fan of this subreddit, and I live my life by the wiki here. My wife and I are in a good financial situation, so it’s less a question of “can we put down 20%” than “should we?” This is not an immediate task btw. But we expect to need a bigger home due to growing kids within 2 years. We currently live in a townhome I bought pre COVID fo…

Meeting with Grandma’s Charles Schwab advisor… what questions to ask? Hi everyone, Basically, my grandmother is in her retirement years but we have not checked in with her financial situation at all. We’re moving in a direction where we (my wife and I) want to just check in with her finances every few months. We don’t want to get blindsided by anything, and we want to keep a pulse on how she is doing financially. …

Investing in bonds via 529 Savings Plan? Hey folks, I’ll be in school for the next 3-4 years primarily paying out of pocket. Wanted to put some money into a 529 plan so it could gain interest as I’m using it to pay my tuition. I’d like to use it as more of a savings account gaining interest with low-risk/market exposure. Is it possible to purchase treasury bonds through a 529 or will I…

Simple tax question about selling stuff on Ebay. Trying to figure out my actual profit after costs I posted this same question in r/ebay, but nobody answered it. I’m confused about which costs I should include as my costs, and which ones I shouldn’t. I have all the numbers below, but I’m having trouble wrapping my mind around it. I just need somebody to take a quick look at this, and they’ll probably know the answer very quickly. I’m trying t…

What did you do with your inheritance? Seeing a big 5 digit number in my savings just reminds me that they died, it’s so hard to look at. Maybe that will go away with time? My mortgage interest is only 3.5 so really not in a huge hurry to throw extra money at the house Buying a car with it, while useful, would make me feel like once the car inevitably rusts out or quits for whatever …

New to investing. Will it be ok if I just buy VOO every month for the rest of my life? I don’t want to be super rich. I want to retire. Lol submitted by /u/ConstantPatient4598

How does one hit the $70k 401k (employer + employee) limit? The employee limit is $23.5k, thus the employer contribution would need to be $46.5k. This would necessitate a (nearly) 200% match on employee contributions. Does that policy actually exist somewhere out there? Most of what I see is 50%-100% match up to 4%-6% of income. No matter a person’s income, this structure will never contribute more tha…

What kind of loan for a Pole Barn. I inherited a house and some land that is fully paid off. I am looking to put up a pole barn house/shop that my fiancée and I would live in and rent out the house that is already there. We want to have a place that feels like our own and the house that is there is fairly old. The house/property is estimated at $845,700. Wondering what way would …

Gnu Cash – for personal finance – setup help please Good morning. I am hoping to use GnuCash to track our expenses and in general help with financial planning. I used to use a spreadsheet I created myself, but I want something a bit more powerful. I am not an accountant and am really struggling with double entry accounting. I am UK based. So a few questions: Does the Transfer column just refer to…

Buy brand new car with cash? Should I buy a brand new toyota rav4 in cash or finance it ? I want a car I can keep for a long time and I’m a point a to point b guy. Don’t care for anything except getting something reliable safe and great quality to drive my wife and baby in. I’ve never bought a car before bc mine was handed down to me so I never had a car payment. Is ther…

Interest charge after paying the statement balance? So I’ve had credit cards for over 12 years and for the first time because of some unexpected expense I didn’t have enough in my bank account to pay the full statement balance for my Chase credit card. I transferred some money out of my Robinhood but it would take a few days to come in so I decided to pay an amount above the min balance and leave…