Emergency Fund Question Hi everyone, throwaway account here I (30M, single) have a question about my emergency fund, I currently have about $10k set aside in it trying to grow it a little more and my monthly expenses are around $3.5k in a HCOL area. I need outside insight on if I should grow it to the full 6 months or keep it closer to the 3 that I have. I have a relat…

SCE bill has quadrupled since last year I live in a 1 bed 1 bath 850 sq ft apartment alone. I work 40 hours a week. I am usually home the rest of the time. I have been living here for a year +. Last year, I paid $42 for electricity. This year, $238. I have checked my hourly electricity and it is now on average 0.8 kWh when it was previously around 0.4 kWh. This trend started in July a…

Need urgent help resolving a lien from Washington ESD before my house closes! Hi everyone, I’m in a stressful situation and could really use some advice. I’m closing on a house on January 21st and planning to sign the documents on January 17th. However, the Washington Employment Security Department (ESD) has placed a lien on my property due to an overpayment determination from unemployment benefits that I received years a…

Best advice for someone who doesn’t know anything about finances I am financially dumb. My dad doesn’t know anything, & I’ve spiraled trying to do my own research online. So honestly I just need basic advice on what I should be doing to make the most of my savings and money situation. I’m 29, I make 27k a year, which I know isn’t a lot, but I’ve been saving pretty much as much as I could for the past 6 years….

What can I suggest to my company to make our 401(k) better? My employer is putting together an internal focus group to collect feedback to “optimize our 401(k)” and I’m part of the group. Unfortunately, I’m not sure what to suggest besides a higher employer match and options for a backdoor contribution. Our current provider (Guideline) offers low cost Vanguard mutual funds, automatic investing, rebalanci…

Help canceling a “lost subscription” Obligatory im a dumbass. Ok, so like 15+ years ago I created an Xbox Live account, set it up for auto renewal. Quit playing a few years later and ignored the annual auto. Well, finally went to cancel it. Problem is, I know NOTHING of this account. I cant tell u the gamer tag, the email associated with it (i think I used an old work email that n…

My job recently started offering Roth 401k should I switch my contributions? Like the title says my job is now offering Roth 401k in addition to a regular 401k. I’m 29 making around 85k. Currently I’m contributing 10% plus a 5% match. Does it make sense to change my future contributions over to Roth? I’m also looking at opening a Roth IRA, but don’t plan to fully fund it. submitted by /u/loganbull

What should I do with $5,500 inheritance? My grandparents have been holding my inheritance from my great gma but I turn 25 in a few months and will be getting that $5,500 directly into my bank. Am wondering what the best way to use that money is? I have about 14k student loan debt that I’m paying down about $70/month. I have about 8k in auto loan debt on my car that I pay down $388/mont…

Monthly Bank Balances This is a post more about curiosity than anything else. I asked my gf and a few friends if they do this and they all said no. So now I’m wondering if I’m just weird. Each month I do a look ahead. Basically what I should expect my bank account balances to be. I’m not living paycheck to paycheck but I enjoy doing a month look ahead to see what m…

Medical emergency on school grounds Wisconsin. Child was taken to hospital by ambulance from school after ingesting food that contained an undisclosed allergen. Medical insurance is refusing to pay stating it happened on school grounds(high deductible regardless). School is refusing to pay stating that medical insurance should. Any advice how to navigate this situation? $9000 bill…

MIL in dire straights – what options exist? Rent/Retirement/Assets I’ll keep this brief but we’re in a tight spot. Writer’s note: this was not brief at all but I feel like all this detail is important. Around a year to 18 months ago I advised my future MIL to get a mortgage. She has a habit of buying anything from anyone that comes to her door – security systems, solar, doors and windows, etc – and she had 6 fi…

IRA-to-HSA roll over I just discovered this is allowed, once in a lifetime, to take money from an IRA and put it into an HSA, with the condition that it doesn’t put you over the maximum contribution limit for the HSA. I had an HSA all last year that I opened but didn’t really contribute to (only like $1 per paycheck). Starting this year I’m contributing to it in ea…

Backdoor Roth IRA Conversion / Trad 401k Rollover Sequence Say someone completes a Backdoor Roth IRA conversion at the beginning of the year. At that time, they have no traditional IRA balance before or after the conversion. Then later on in the year, they switch jobs and roll over their traditional 401k to a traditional IRA. In that case, they have a traditional IRA balance at the end of the year. Does…

Seeking surgery financial advice on a tight budget I have a necessary and complex surgery scheduled for September 2025. To undergo this procedure, I need to travel from the Southwest U.S. to New York to see a specialist. Unfortunately, there’s no cheaper alternative; this is the best option available. The surgery and hospital stay should be mostly covered by my insurance (with a copay), but I’m …

Have an HSA, got married 3 months ago and spouse has an FSA I’ve done some reading and I understand there’s an issue with us having both of these open as a couple, just not sure what the best course of action is. Should we close one of them? submitted by /u/BawtleOfHawtSauze

Most useful place to put a small windfall? To my very complete surprise, I just heard I will be receiving an inheritance from my aunt, who recently passed. I plan to pay off my car and make some badly needed home repairs, which will leave me with about $50K in cash, maybe $75K. I have never had that kind of money before and I’m worried I will screw it up. I don’t think I should just leav…

How do I setup an HSA if my employer doesn’t provide one? I recently accepted a role at a company where if I took their health benefits, I would make north of $10,000 less. I am not sure why their insurance is so expensive, but I decided to go without it and purchase my own plan, and need to get one before open enrollment ends on the 15th of this month. Currently, I live with my family so my general co…

Debt collection scam or a real stupid debt collector? A unknown number called me I didn’t pick up but they left a voicemail “we have called you a few times with no communication back at this point we have done a complete liability report as well as an unemployment verification, which will go back to our client and they may file this with County by the end of this week for final concerns, our offic…

Messed up backdoor Roth. Am I hosed? Early 2024 I maxed out my Vanguard Roth IRA for the year. I then unexpectedly made more than the max income limit. A few months ago I recharacterized the contribution to a new vanguard traditional IRA, and then did a rollover back to my Roth IRA. I just now realized that the pro rata rule applies to me because I have 50k in a fidelity rollover I…

22 year old with cc debt. need advice. i am a 22 year old with cc debt. i would like to pay this all off by the end of the year. please give me any advice you may have. i have 3 credit cards: chase, apple and capitol one chase – $1,600 / APR 19.24% apple – $700 / APR 26.24% capitol one – $1400 / APR 0% i am currently working full time making $22 an hour. i don’t have any car p…