75 year old senior neighbor, limited funds, hospital is forcing paying.. help? She was diagnosed with colon cancer and congestive heart failure last year, racked up $3,500 in hospital debt. Completed the financial assistance paperwork and they deducted $50 from her total balance. She has very limited income (social security monthly payments and a pension) she does not own a home, just rents an apartment. She has an older v…

Changing jobs with an active 401k loan? Been in current job 10 years. Recently applied at a different company and was wondering what would happen with my 401k loan that I still owe 38k on. It was taken out this past August 2024. The terms on MerrylLnch website just says upon termination it would be in default. But what happens at that point? submitted by /u/Babyfart_McGeezacks …

how do you pay off credit card debt efficiently? Hello I’m M (33Y.O) i have about 18k debt right now, I have 2 jobs.. 1st job i make almost 4.1k/4.2k and the other job i make 2.7k./2.8k per month, so overall i get around 6.8/6.9k = month…… now my monthly expenses are car = 600$/month car insurance = 200$/month 3 phone line + internet = 200$/month storage = 110$/month apartment = 1,700/mont…

Electric bill suddenly skyrocketing ; 10x meter multiplier on my bill TLDR: There is a 10x meter reading multiplier on my electric bill – is this normal? I own a two-unit rental home, with one small 1 BR unit (

How much to save in preparation for having a baby? Hello! My husband and I are hopefully going to have a baby in the next 2 years. How much do we realistically need to save for a car seat, crib, stroller, etc? Anything financially we should be thinking about (aside from childcare which we already have a plan for)? We will immediately start a 529 for baby so all good there 🙂 submitted by …

Financial Advisor saying to only contribute to Roth 401k for next 9 years before retirement I have about 1 million in a regular 401k. No roth of any kind. She thinks I should hedge in case tax rates go up in retirement. Most likely in will be in the same tax bracket or lower at todays tax rates. submitted by /u/BodSmith54321

Blended family estate planning I am remarried with 2 teenagers from my first marriage and 2 younger ones from my current marriage. I’m early 50s and wife is late 40s. We plan to set up a trust when I pass for the older kids. That way if my wife remarries or anything changes, my older kids get an inheritance. And my wife wants the trust and separations so the kids can’t say s…

Mother is 25k in credit card debt My mother is 67 and seems to be addicted to spending. She is depressed and treats it with food and frivolous spending. I have tried to get her into therapy to no avail. She will not take care of herself. I just found out that she is 25k in credit card debt, and it keeps growing. She also has a car note (11k at 6.8% interest rate) She has about …

Should i max out my Roth 401k? Hi everyone, I’m 23F have been working for about 8 months after graduating college. I make 93k right now, no debt at all. My take home before any retirement contributions is 2580 bi weekly. I have about 35k in my hysa. I started contributing 25% to my Roth 401k to try and max it out this year. Is this the best decision? I don’t have any other in…

Retirement 401k vs investments question Hello, I am 30 and make 200K a year with no debt. My 401(k) is at 60k Investments are at 160k I live in a very expensive city and I don’t think I’ll be able to afford to purchase any homes so I will continue renting for the time being but at some point I want to be able to purchase a home in the next five years. Should I be investing more of …

I need help with financial terminology Mainly I want to know what the general term for the sum of all account balances (e.g. current account, savings, credit cards) for a month subtracted from the consecutive month is. I think it might be “Month to Date” or MTD. Does that sound right? If not, where can I find out? If you can answer that, you can skip the rest of this post, but for th…

Term Life Insurance Quick Policy vs Long Term Policy I’ve heard a lot of how whole life isn’t worth in long term, mostly from my years of listening to Dave Ramsey. So if you have a problem argument for that I’d be curious. For the most part. I’m 42 and no direct dependents. But I want to get something for final expenses and prices and nephews. A few close friends. But I wish wash on it and haven…

$15,000 Owed to University, Looking for a personal loan to transfer to Community Hey everyone, I’m 20 years old and looking for a personal loan of around $15,000 to pay off a balance owed to my private school. The school won’t release my transcript until the balance is cleared, and without it, I’ll have to retake a semester—costing me an extra $7,000–$8,000 in tuition. I’ve looked into student loans, but most require direct …

trying to have a car but deciding to lease or buy a used car so I am interested in buying the car but have the following main issues (1) costs -> I can only afford ~1700 down and I am a student so monthly payments need to probs be

Paying Taxes on Joint Account Me and my partner have a joint investment and HYSA but aren’t yet married. I am the primary SSN on both accounts. I am in a higher marginal tax bracket than them. Is it possible for them to pay 100% of the taxes on both accounts instead of me and lower our tax burden? submitted by /u/rshook27

how do i become financially stable hey everyone, as an 18F i want some suggestions on how to grow money and build enough money to buy a house when i’m 25. i know its a bit hopeful but, i dont have any uni debt bc its paid off, and i have about 15k in investments. how do i stay on track for buying a house. i also work part time as a student, a rough annual salary of 10k to 20k. …

To home or not to home? I (26F) need to move out of my apartment due to a mold issue and some other hygiene issues my landlord won’t fix. My lease is up in a month and a half. Mid-winter there are very few rentals (and by that I mean none) available that meet our needs in our day-to-day budget. So that has me looking at houses, and I found one that I just adore In a ve…

My UK student loan repayments just went up but I’m not earning any more? Hey all, I’m currently living abroad in New Zealand and have a UK student loan (Plan 2 undergrad and postgrad). I earn $90,000 NZD, which according to SLC’s conversion works out to £44,595. Up until now, I’ve been paying £196 per month, but I’ve just received an email from SLC stating that from April, my repayments will increase to £250 per mont…

Co-signing a relative’s car loan Hi redditors, just asking for clarification on a situation i’m faced in. My sister was in desperate need for her first car purchase, and I have agreed to be her co-signor since she does not have any credit history in the US and I do (I have a pretty decent credit score so wanted to help her out with the purchase). After reviewing the documents I…

Single moms after a separation, how did you plan and adjust your finances? I’m looking for advice and planning tips for this life event. I’m not seeking spousal support, however switching from a dual income to single income for supporting the high maintenance marital home that’s in my name and will hopefully continue to be. Where does one go to for advice? Outside the internet? I wasn’t money minded while married but n…