Can I afford this payment? I am usually against having a vehicle payment. I’m 27 and have yet to have one. But my father recently passed away and I am wanting to buy his truck off of my mom. It’s a 2021 Tacoma worth about 28k. I grossed 60k last year. My current take home pay is around $3200 a month (Give or take because I earn commission) Here is a list of my expenses. …

How much is too much? I’m 19, working, trying to understand a couple of things. Hello everybody. I’m a 19 years old guy living in Europe. I consider myself as a pretty decent saver. A bit more about my situation: I live at home, with my parents. I started working in the family business around mid September after graduating high school. We work in the clothing business, we produce and sell knitwear (mixed cashmere, wool, cot…

Financial advisor pushing hard for whole life Insurance along with term life. My (31M) wife (29F) and I are utilizing a financial advisor, who is her good friend’s brother. We decided to do this so that we can start to get our finances in check, as we just got married last April, and want to start building a real savings, and start saving for a house/condo. For context, I make pretty good money, and my wife makes ok money…

title name change issue When I got married I updated my legal name on my license and SSA, but did not update the name on my car title. I now wish to sell the car. Without thinking (dumb i know) I wrote my OLD name on the back of the title in blank for seller. What can I do now? I clearly can’t write my new license number on the back of the title. I likely can’t cross o…

I hate my condo. Sell for a loss? I live in the mountain west and bought a condo 1.5 years ago. I wanted a small house, but there wasn’t much inventory and the ones that that were available weren’t in my price range. So I pivoted and bought a condo. I had been living in a nice, but small 1BR apartment at the time and rent prices for a 2BR were really high. So I figure this would…

Stranger Linked Their Credit Card to My PayPal Account and Made Transactions Using Their Own Money – What Should I Do? Hi everyone, I recently encountered a strange situation with my PayPal account, and I wanted to share it here to see if anyone else has experienced something similar or knows what I should do. A few days ago, I noticed some unusual activity on my PayPal account. Upon checking, I found out that someone had linked their credit card to my account a…

Old employer went out of business. Worried about not getting a W-2 I left months before my job laid everyone off. I stayed in contact with some people and learned that no one received their last paycheck and there is an ongoing court case going on. Because of this, I am assuming I will not get sent a W-2. We used paycom, but I don’t have access to it anymore. I also don’t have a copy of my last paycheck. What …

Deciding between job offer from new company vs staying at one with a better 401k I’m 37 and recently received a job offer from a new company that comes with about a 20% raise. Upon reviewing the benefits, I determined the 401k offering is not as good. Current company: Company contribution and match totals to 8%. It allows for after-tax contributions over the $23k’ish Pretax and Roth employee limit (using ‘ish’ for the 2024/2…

I’m not sure how to best use my savings at 20yrs old I’m 20 years old and on track to finish community college next year with little to no tuition spent, I have no real bills to spends aside from gas as I live with my parent. I have about 12k in a liquid money market account with schoolsfirst but I’m seeking a better way to grow that money and have been thinking of putting it into a s&p 500 accoun…

Paying for large purchases w 0% APR card to invest the difference We are about to spend $20 to $30k. We have no debt and high income. I have heard of people putting these large purchases on a 0% introductory APR card. It’s not crazy to think that amount of money could return a few thousand dollars over 15 months, so it mostly seems like a no-brainer. The only consideration that comes to mind is my credit score…

Feeling anxious about my financial situation. I’m I in trouble? What should I do next? Feeling anxious. I’m I doing ok? Happy to provide more info if needed. Not sure why but I’m suddenly feeling really anxious about my financial situation. We moved to a new home and I guess it’s the higher mortgage plus renovation debt. Here is a summary and happy to answer any questions or give more details. Am I ok? Should I get more stressed o…

No-fee, 0% intro APR offer for credit card balance transfer? Are there currently any credit card possibilities for a no-fee, 0% intro APR for balance transfer out there? I know, I know – free money doesn’t exist! But as of a year ago, there seems to have been one – First Tech Fed Credit Union. But I can’t dig up any information on whether it’s still available. Source: https://www.reddit.com/r/personalfina…

Got a notice from my life ins co. I qualify for “Conversion!” So after a few minutes of research, I managed to figure out that “conversion” is the phrase of the day for “whole life”. I guess insurance salesmen are fed up with people knowing that “whole life” is a scam and are losing commissions – so they invented yet another term called “conversion”. “You can convert your term policy to a permanent policy…

Which mortgage loan? Ready to buy, first time buyer in high cost of living area. I’m a physician. Physician loan, 30 year fixed, 9.5%, no PMI Standard fixed, 30 year, 7%, PMI until I reach 20% of principle – would take me about 2 years Wait two years until I save the down payment, hope I’m not priced out Was also offered 7 year ARM, but I’m not comfortable with th…

Being frugal is impacting my mental health Hi, So I’m in my thirties and for the majority of my adult life, since I was about 23/24, I’ve been saving the majority of my income. I’ve not really missed out on much but probably the odd thing I haven’t done due to having to put a certain amount in my savings. I’d say the last 4/5 years it’s become a lot worse, I get really stressed if my sav…

How to start saving for retirement at 45 My husband and I are in our mid 40s and we have one child. Due to considerable health issues prior to having our child we have little savings (10k) and no retirement. All of that being said, my health is stable and we would like to catch up on our savings for retirement.My husband’s income is 150,000. We have no work benefits because he works fo…

My car is worth $3000. Is it worth putting $1700 for a car repair into a $3000 car? I have a 2013 Hyundai Elantra. With around 120k miles. My car starts to misfire at high speeds and the mechanic said I need a new catalytic converter. I only have about 6k in savings. My credit isn’t great(Mid 600s) so I don’t want to finance a car. It’s a good car reliability wise since I’ve had for 8 years but I don’t know if it’s a smart fina…

Saving from a young age. Does anybody else wish they started investing/saving money with there first job as a teenager. I reflect back and realized if I saved alittle here and there I would have wayyy more in my Roth 10-20 years later. submitted by /u/Beneficial_Union1625

inheritance/gift at 18 years old So long story short my grandma is moving into our house with us and is selling her paid off condo and splitting the what should be roughly $310000 three ways between my mom, uncle and me (as the favorite grandkid i guess) so i will be receiving roughly $100000 as a freshman in college. my family is financially fine but not to the point where 100…

What would you do? Early 20s and scared to invest, scared to not invest About me: -Early 20s -College degree -Living abroad on a stipend, no idea if going to stay abroad, final career path, etc. The finances: -17k in high yield savings -10k in Treasury bond -18k in checking -10k in CD which matures in March -A couple thousand in euros saved up from monthly stipend The situation: Scared to invest because it’s overwhe…