Economics of leasing vs buying I’ve always bought cars for cash, and have driven them for as long as I can. Am considering an EV for my next car, and am acutely aware of two things: Automotive technology is advancing very rapidly EV’s don’t hold their value the way ICE cars do I wouldn’t qualify for the tax credit for BUYING an EV, but I would for leasing one For those two …

Is Caleb Hammer a POS? Or is it just me? I hate the way he acts during his videos for one. But worse than that he sells his stupid financial advice package for like $350 and I’m sure it’s all crap you could just ChatGPT for free. It reminds me of those scam investment classes that those fake day trading YouTubers sell. submitted by /u/BEASLBUB

Looking for advice/opinions I just turned 19 less than a month ago, and wanted to look for some advice on my finances. Currently I have exactly $10,000 in my HYSA SoFi account, and the breakdown of that is $6000 towards my emergency fund, $1000 towards a vacation/experience, $1500 towards a big ticket item (car, house, car expenses), $750 towards self investment whether it…

Rent or keep waiting to sell? We lived in a HCL area, paying about $4350/month (10yr left on mortgage, $3600 a month + 477 Taxes; and HOA $300) We moved to another city in a rush and put our home for sale. Home is not selling (bad timing), so for the past 2 months we paid rent and mortgage. We are renting in our new city and decided not to buy again (we move too frequently)…

Can’t get any credit/credit cards I am 28, make roughly 35-40k a year, and most of my credit folio is 10 years of consistent on time auto loans and payments (2 closed 1 open). I have only ever gotten 1 credit card (upgrade) and unfortunately had to have it charged off with what was going on in my life, however the collection has been removed. I’m sitting at a 564 credit score an…

Should I enrol in my companys HDHP just to get an HSA? So my company pays my monthly fees for all the healthcare options (be it PPO or HDHP). I would need to choose the HDHP option to gain access to an HSA. The HSA has a deductible of $1650 pp or $3300 / family before the co pay kicks in whereas the PPO is a simply small $ copay for most things and a small deductible for anything major. I have a …

Does my 401k have insane fees, or am I reading this wrong? I (currently unemployed) have a 401k from my previous employer with a very minor amount of money in it ($777) to take advantage of matching like $3 every paycheck. Am I reading it right that this fund has charged $98.93 in fees to an account with such a low balance to “manage” a 401k exclusively invested in VLXVX? It’s from my previous employer,…

Purchase my company’s stock at 15% discount or invest in SP500 (which is more diversified)? I have a feeling this is a slam dunk purchase the stock at a discount answer, but I’ll ask it anyway. I think investing in the company you work for is inherently risky because if your stock goes dow , you will not only lose on your investment, but your job may be at risk. That being said, an automatic gain on my company’s stock is a no trainer,…

Needing home repair and can pay cash, but worried about not having cash during uncertain times I need to do a $20,000 home repair, I can pay cash but would not have any savings other than a few thousand. My single income supports a family of 4. Seems like the near term economic future is uncertain and volatile, and $20,000 in the bank would be a good security net. What would be the best way to finance the repair? submitted by /u/si…

Is having both my Roth IRA and 401k in FXAIX too risky? Have 15k in Roth IRA and 20k in company 401k. Most of my 401k is in a target date fund and just recently switched to 100% in FXAIX to play catch up until a get closer to retirement. I’m 29 and feel a little behind. submitted by /u/zeewst

Hefty Car Bill- Parent wants to help but how? I’m currently financing a 2018 Toyota Rav 4. Monthly payment: $736.85 Account balance: $24,964.09 EST Payoff date: Sept 2029 Current term: 72 months Remaining payments: 55 EST APR: 22.87% TLDR/ payments suck, what can I do to help myself? Dad got some money now and wants to help but not pay off whole car. Never missed a payment or made a late p…

Should I cash out or hope for IPO? Maybe not the right place to ask but looking for general advice. I was early at a private start-up and worked there for about 4 years racking up a good amount of shares (not compared to others though as I heard early on they absolutely butchered the dilution). It’s been 10 years since I started and the company doesn’t seem to be in a good place,…

Girlfriend has no place to live My girlfriend (22) has been living with her grandmother as she was forced out of her moms house. Unfortunately, she is no longer able to stay there either and will soon have no place to live. My parents will not allow her to stay with us (I live with my parents). She is a student working a part time job as a host at a restaurant so she cannot af…

How to help elderly mom retire(ish) Needing some advice for how to handle my mother(64). She has done absolutely no financial retirement planning and my grandmother has always bailed her out of troubles but she’s gone now. She has saved zero $$ for retirement. My grandmother left her some investment accounts that now total around $200k and a savings account that has $50k. The only…

American Funds 529 gains seems really low my mother opened 3 accounts for her grandkids since 2021. she has been contributing $100 for each account since then. Her total contribution as of now is $11,300. I’m looking at the overall gains since then and it’s only been $600. does that look right? I can’t believe it’s so little in the last 4 years. Is there a front load charge for American…

Warning about CashApp Taxes I realize that this is probably my fault for using CashApp Taxes to begin with, but they were great when it was credit karma taxes and I don’t want to pay money to file my taxes when I always go through the forms myself anyway to verify they’re correct. That said, due to a series of shitty circumstances, I had to cash out some retirement account…

I think the collection agency my debt was sold to was fake?? What do I do? I owed money to a bank who did auto financing and when I lost my job and became unable to pay bills they transferred the debt to a collections agency I can’t find. It’s apparently called ACT Collections. They gave me one number and it’s a dead line. They gave me another number to try and it was some gentleman’s business completely unrelated to d…

Recently came into about $10000 Greeting guys, I’ve recently came into roughly $10000 from an inheritance, I’m not very affluent when it comes to money as I grew up fairly poor. My question is what is a good way to grow this? Thank you! submitted by /u/Osteomoorosis

Can I use the land I want to build on as my down payment? I own land that I payed $24,000 for east of town. I’ve owned the land outright since 2018. I want to take out a mortgage for approximately $120,000 to place a home on. Can I use the land as my down payment or collateral? New Mexico, USA submitted by /u/stokeitup

I’m filing my taxes, but at the end, my type of form isn’t listed as an option. I was filing my taxes on myfreetaxes.com, and I was nearly finished. But it required data from my 2023 taxes. When I went to put in the info, it had a multiple choice of which type of form it was. But W2 was not listed, I only got a w2 and a 1095c. I had no idea what to do, so I put(in a multiple choice) that I didn’t have the tax form. And I s…