Is Cost of living just housing? I recently did a deep dive to compare the cost of living in my current location vs. some places I’ve lived before. Looking at the official/CPI figures they seem to indicate that EVERYTHING is more expensive when you move to a place with a higher cost of living, down to things like eggs or laundry detergent. However, reviewing my actual expenditu…

Can a collector remove a debt after 7 years and then renew it shortly after as if a new collection? About 8 years ago I had a business and an apartment that had electric provided by the same company. They were both different accounts but same provider. When I moved I closed the account in good standing. Shortly after I closed the business and closed the account. A few weeks later I received a bill in the $700’s for the business which was BS. I…

Need some perspective on my situation I’m asking here because I need people to tell me I’m not an idiot. 29m, in Los Angeles -Own my townhouse, fully paid off -Monthly expenses are 1500-1800 -Have 110k in savings split among several accounts and 30k in equity in cars -Currently am supporting my mom Income to expenses—- I am going to be working 4 days a week, pulling in 43k (works…

(US) I am going to plan my 30’s around paying off a mortgage in 10 years for high stability in my 40s. I’m 30 years old and work around 100k as of writing. It’s all in SPY and some bonds with a bit in HYSA – I think I’m leveraged OK. Over the past few years I’ve done better than average at my post college job, with some years seeing a post-six-figure income coming in. I live in a relatively cheap area, with my parents. The situation, especially …

Would I be foolish to quit my Job to focus on school? Please let me know if I crazing for thinking about this. I can take criticism. I am a remote contractor for the Military as a Data Analyst and I am also attending Online college for my BS in SWE. I am on track to graduate Nov 2025. There are a few reason I want to quit. 1.) My current role has pushed me further from D.S and analysis to Dashboard…

Planning Pregnancy: Which Medical Plan is Best for C-Section (HDHP vs. PPO)? We are planning a pregnancy and trying to decide which medical plan would be the most cost-effective. We are on currently on the lowest premium HDHP Silver plan ($155.49 per paycheck, $4,042.74 annually) with no claims in the past 2 years. I have ~$10,000 saved in my HSA from those 2 years (employer doesn’t contribute). My first child was born v…

Longest 0% Card? Need to spend 32K on fixing house I need to spend 32,000 fixing my house (Foundation), and I’d like to do it sooner than later I have just over $30,000 in my savings accounts for emergencies, but I don’t count this as an emergency so I don’t want to blow out my emergency fund. My luck they start and something else goes wrong and I need to spend thousands extra Longest I have fou…

26 y/o, Looking for Advice around Investing/Saving/Home Purchase for the Future Background: 26 years old. Renting 3bed/2bath apartment. Live with longterm GF and 1 dog. Low/Medium COL. US Midwest. No debt/loans/etc. Own my car outright (bought cash last year, 2020 vehicle good condition). Stable job that I’m not in love with, but can tolerate. I’ve included all my numbers in the tables at the bottom of the post. Starting to…

What if the credit card company closes my credit card account due to inactivity? I have a credit card that I haven’t been using for a few years. I recently received a letter saying they would close my account due to inactivity. I wonder if when the credit card company closes my account that impacts my credit score or if that only happens if the user’s close. submitted by /u/Fickle-University-15

Can I Transfer from Vanguard Brokerage into my Roth IRA? I was working for a company and I quit less than a year so there was no match and I had to roll over into a “rollover brokerage account”. That money is just sitting and I was wondering if I could transfer it from Vanguard into my Robinhood Roth IRA. I feel like I could be making more interest in it if it is in my 401k or Roth IRA because I hav…

Compound interest?? I understand the idea of compound interest. Making interest from the money accumulated through interest. Here is where I get a little confused I guess. I see people talking about compound interest with stocks. If I buy a stock for say 1000. keep it simple it grows by 10%. The stock is worth 1100. If the following year the stock grows by 10% ag…

Investment opinion needed When do you know it’s time to move to a new advisor? Background, for the past five years annual contributions into retirement account have been about $15K, starting basis about $200K. Overall investment returns in the five years have been about $10k loss. I’m in a moderate risk investment strategy. I hear from the advisor: ‘long run, long game’,…

Too much umbrella insurance? I am not an attorney, but I work with one in a large company. We were talking a few weeks ago about umbrella insurance. She said she only carries $1M, because the first thing the opposing attorney will ask for is for the total insurance amount available. She believes a higher Insurance value makes you more of a target. I’m currently insured for …

Using home equity like of credit to pay off high interest debt Hello! We are currently sitting on 25k of credit card debt. This has been a looming thing for several years. However, my salary has nearly doubled in last 3 years (from 92k-180k). While this makes tackling all out debt much easier (overall debt is roughly 300k including house, cars, student loans), I have the ability to take out a home equity l…

Should I use my 529 toward my husband’s student loans? I (26f) have had a money in a 529 account since I was a kid, but because I went to school for free at the college my mother taught at, I did need to use most of it. There is currently about $45k I recently married my husband (28m) and now have full control of the account. He graduated law school two years ago and is a public defender. If you kno…

Does car insurance premium increase if if switch carrier every year? I am getting a great deal in progressive. My guess is that they might be giving new customer discount and might increase premium after renewal. While getting quotes, there was a question on how long i am with current carrier. Does premium increase if we switch every year? submitted by /u/Kindly-Main-1092

Make the most of my employers 401 (k) match? (And other questions.) Hello! So. Im 31. In March 2023 I started working for a company that actually does a partial percentage match of payroll contributions to the 401(k) plan. It states “company will match 50% of the first 6% of your payroll contribution to the 401(k) plan, up to 6% of your eligible compensation.” Now – I’ve had a Roth IRA since 2016. Moved it over …

Should I contribute less to 401k because I want to purchase a house? I max out my 401k account through work, They give me both a pre tax and post tax account. I put 5% in my pre tax account because my company matches, and my paycheck deducts the rest and goes into the post tax account. Would it be dumb to stop contributing to my post tax account and put it into my fidelity account? I would put my money into savi…

Boss wants to start me off as a 1099 for 3 months. So I just got a job as a 1099 worker but my boss is telling me that I would only be on 1099 for my first 3 months then I can switch to a W2 if I want to. The problem is, he is telling me that I need to have open availability and that I would possibly have to work 7 days a week from open to close without overtime pay (which of course 1099 employe…

How do we split financial burden during a family medical emergency? My sister is older than me and has a job that pays generously. Whereas I’m still struggling to find a job. My sister specifically told me we need to split the bill because she cares about our parents but she also care about her future and wants to save money. and she dosent want everyone to see her as a money bank. My question is. Within a hypo…