Bad with money, seeking advice I’m not good with money. I grew up very poor and never had anyone to teach me. Recently my dad passed away and I got a lump sum of about 100k. I have a new car I owe about 20k on, I have 50k in student loans (Im a nurse and make about 60k a year), what are some smart financial moves? I just don’t have a clue what to do. I’m in an apartment so do…

Follow Form Umbrella Coverage (California) Hello. I was recently quoted umbrella coverage for $3M and it came out to roughly $800 annually. As seems to be typical, details on the actual coverage were limited. I spoke to the agent and found out that it’s follow form coverage which means that it’s only an extension of existing auto and home coverage with a higher limit. Although this may b…

30k bonus and 22k left on car payment I will be receiving a 30k bonus soon and currently have no credit card debt. I put 20% of each paycheck into my 401k and have 10k saving at the moment. My plan was to pay off my truck 22k remaining at 5.04% interest. And then make my saving sit at 15k. Is there any reason to keep the entire 30k instead for like a large dump into the stock marke…

How to max out retirement without going over Work contributes $500/year divided by paycheck to my HSA. Somehow last year they ended up putting in $500.11. I’m contributing $3,796/year in addition to that to make sure I don’t go over.I’d also like to max out my 401k of $23,500. Last year I made $103,00 but my bonuses fluctuate and it might be less this year but I’m also getting a raise. It …

Health insurance claim denied Hi everyone! I JUST now (feb 2025) received a $400 bill in the mail for when i burst my eardrum oct 2023. The claim was denied by Emblem Health in dec 2023 for being out of network but I asked multiple times at the urgent clinic to be sure and they said it was covered. The doctor didn’t do anything besides use an otoscope (the ear magnifier thin…

What is the smartest way to invest 30k for my 1yr old? I have a lump sum $30k to invest for my son. I plan on still opening a 529 outside of the 30k. I would like it to grow, and also have the option of controlling the funds in case he turns out to be irresponsible. The goal would be something he can draw funds from but also put into so that it could continue to grow and then pass it on to his kids….

Pregnancy, Partner & Finances I’m (27F) pregnant by my long term partner (29M) of almost 10 years. We rent together, split bills etc I’m self employed and suffering badly with HG in my pregnancy, throwing up 60+ times a day and it’s got to the point that I’m not able to work or earn my own money. I’m faint & dizzy constantly My partner is looking to buy a house, I have mon…

Federal Student Loans Credit Reporting – Something New? “Federal student loan payments now report to the credit bureaus when 90 says late. Make sure to keep your account current.” Just saw the above alert this evening when logging into the Experian credit app – thankfully, not something that’s going to affect me since I’ve never had a late payment, but now I’m curious – is this something new entirely…

Don’t known if I should sell or keep my home I’m 27yrs old, got this townhouse in kingwood in 2021. My biggest issue is the HOA fee of 400 a month for what it seems to be the bare minimum. Car has been broken into twice. Towed as well for being parked on the grass “one of the tires was slightly on the grass” it seems like the HOA is older people that don’t seem to invest in the community i…

Car Loan Divorce Madness Me and my husband began the divorce process, and when we were together, I signed an auto loan to help him purchase a vehicle because his credit was horrendous. During our marriage, he drove that car and I drove a separate vehicle. We are in the process of separating, and because my husband’s credit is so bad (bankruptcy, collections, etc.), he c…

Purchase APR will no longer vary with the market based on the Prime Rate I guess it doesn’t matter because I pay my statement in full, but it’s still like what the heck? Taking effect on 4/9/25, my Victoria’s Secret card will go all the way up to 35.99%. They are preparing for what will occur in the US due to the current economic climate. “Your Purchase APR will no longer vary with the market based on the Prime Rate….

1099 received for 529 account Hi Personal Finance, We are in the process of getting rid of some financial planners we have at both Wells Fargo and Morgan Stanley. They were inherited accounts with dedicated FAs for my grandparents who passed (they raised me) and we recently met with a certified financial planner who is helping us escape the fee merry-go-round that we’ve been…

Trying to close a line of credit for a parent with dementia. I only have the last four digits of the account. My mom has dementia and I have taken over her finances. I have a financial POA in place. I’ve run across an old line of credit, a “Dell Preferred Account” now at Comentity Bank. I found an old document regarding this and it only references the last four digits of the account. A few days ago I received a document in the mail with this account’s u…

Looking for Advice on Car Loan Debt Have a car bought used 2 years ago transferring $10k negative equity into the loan, now in a situation where the car is too small for our family and looking to up size but not sure whether to transfer current negative equity into new car loan or to pay it out over the term of a lease. Let me know, advice is greatly appreciated, thank you. Car Wo…

1099 employees vs w2 I’ve always been a w2 employee, got offered a position 1099. I’m not the smartest person when it comes to taxes and such, how much do we realistically have to pay back at the end of the year? How much would I potentially around about have to take out of each paycheck? The job is only 23$ an hour. Before I go ahead and accept the offer I’m just d…

What’s next for the CFPB? For those of you in the US that have contacted CFPB when you have an issue with your bank, are we worried about the agency’s long-term existence? submitted by /u/mikgub

Employer is 1 Month behind on Salary Payments Hello my company is going through tough times and may fold soon. They are 2 paychecks behind on payments (they were 3 but recently paid one payment 2 weeks ago). I’m still being asked to do usual job duties but it’s gotten to the point I need to make a move. In Texas do I qualify for un employment in my situation? Having a hard time reaching Tex…

Will I encounter any issues with Swift or wire transfers? Are there any complaints regarding Swift for transferring funds? I am a developer with foreign bank accounts for my customers. Will I face any problems when transferring my personal funds to my home country using Swift or wire transfer? I am a taxpayer, and all of my income is reported in my home country. My average monthly income is between $40…

Can i try and not submit? Am i overthinking? ok maybe a dumb question but my taxes are more complicated this year as I’ve gotten married, had a baby, taken STD and opted in for individual policy of PFMLA. i want to ATTEMPT to file my wife and i’s taxes but am a little worried i may be overwhelmed by the complexity in comparison to how simple previous years have been. is it possible to ente…

In need of guidance on debt resolution We fell into deep credit debt, we got desperate and signed up with “beyond finance” debt solutions. Long story short, we owe discover 13k, they refused to work with BF on a settlement and since turned us over to debt collection lawyer firm “Weltman Weinberg resolutions” they want 10,768 to settle the debt, BUT they want it all in 1 lump sum paym…