Not sure if I should buy a house or rent at 27 I’m 27 and have recently opened my eyes to a financially secure lifestyle. I just paid off all of my credit card debt (amounting to about $12.5k overall) and my only remaining debt is $18k of student loans (compiled of 3 different federal loans with very low interest of 2.8% – 3.7%). I had to move back into my parents home due to personal reason…

Do I put more towards my 401k or our home loan? Me and my husband have a decent amount saved up in our emergency fund and are already contributing up to employer match in our 401ks and have some extra money we would like to invest. Do we contribute more towards our 401k or do we start making extra payments towards the principal on our home loan? Our interest rate for the loan is 4%. submi…

Getting divorced and struggling to plan new budget This is a mess. My wife cheated, and we were trying make it work, but it’s become clear that things just aren’t going to work between us anymore. We’re getting her moved out, which should be a step in the right direction in theory, but in reality means my rent just jumped from ~25% of my monthly income to ~50%. I’m in a pretty rough place and I …

Help! Surviving a downturn / Feeling hopeless Feeling pretty doomy over here and could use some level headed financial advice. Background: I (early 30s) work in the film industry, shortly after graduating from college was making $100-115k/year employed in union jobs. I bought an apartment in NYC (short sightedly financed with an ARM), survived the COVID downturn and last year’s strike fallo…

Help: impending layoffs Hey! So I got the news 2 days ago that a lot of my work is being moved across the country. Talked to my boss, and because I’m so new I’m essentially 2nd in line to get cut. My boss says they’re going to do everything in their power to find me another job in our office, and I’m secure in my job for at least another month. What do I do? I have 10+…

27 yr old journeyman ironworker looking for advice I’m 27 yrs old in Midwest Ohio I have 100 short of 30k in my annuity all invested in to a vanguard 500 index. My locals scale puts 4.30cents a hr into this that a contractor pays into in June we’ll be getting a pay raise to 38.27 what’s some beneficial things I can do outside of our unions annuity and pension that I can do to prepare for retirem…

Got hit with a large medical bill from 2022 Im in California if that matters. I was hospitalized back in April 2022 for a few days. After I got out, I received numerous bills from the hospital and Drs that treathed me. It seemed like a new bill came in once a week for a few months. I was able to pay the bills and thought I was done with it until today. Today I received another hospital/Dr…

How would you invest if you were given cash? I just inherited $700,000 cash. I have no college education. I’m in my 20’s. I’m married with one kid. What now? submitted by /u/here_I_am_i_guess

Getting Back Overseas Account Good morning! I fear I have gotten myself into a bit of a pickle with this one. When I was 19 I lived and worked in Scotland for 6 months until covid struck and I headed back home to Aus. Life happened and occasionally I remember I have a bank account with roughly £1.5k sitting in it. I have lost access to the UK number I used to create it so ca…

budgeting actually makes me less stressed on spending. growing up tight with money i’ve always feel guilty for treating myself. now, for example i have a set amount of “misc” where i can use for whatever in a week (restaurants, clubs, video games, etc). as long as it’s within threshold in a week. i know what to expect. budgeting is amazing yall!!! submitted by /u/lostbythestars

Best Way to Buy My Childhood Home? I’m about to start working as a registered nurse, making around $32–$34 per hour while working three 12-hour shifts per week. My parents are planning to move back to the Dominican Republic after I graduate and want to sell our family home, which has an estimated value of $233,400. I have a strong sentimental attachment to the house and would lov…

Are solar panels worth the investment? Hi everyone, Seeing that there is a federal interest free program and $5000 provincial grant for Solar, we inquired about solar energy. It’s about $30,000 paid interest free over 30 years. From the specs of my home, we would be able to generate about average 75% of our current wattage. From a rough calculation, if our electricity rates don’t …

Need help setting my mom up. My dad passed away a few days ago. I came home and my mom has no idea what she needs or what to do since my dad took care of everything. Looking though his accounts, I’ve found so far that the house is paid off, taxes have been paid this year, and he has a little over 700k in a IRA and 300K in his 401k. He was still working and I’ll be seeing wh…

Stuck in a Credit Card Cycle This month, my credit card bill was quite high ($420). With my salary of $579, plus the $140 in child support that I have to pay, I would be left with almost no money until next month. That would force me to rely on my credit card to cover my expenses, which could put me in the same situation again. I currently live with my parents, so I don’t h…

What happens to a brokerage account after I leave the US? So an unusual question. I’m in the US on a student visa (F1). I opened a bank account, a credit card, and a brokerage account. I plan to eventually leave the US. What happens to these accounts? I’m particularly concerned about the brokerage account. I live in a very unstable country without local brokerages, so I can’t just transfer the stocks t…

trying to become financially literate hi everyone- I’m freshly 20 and trying to figure out the best way to learn about finances/become more money-savvy. I’m currently in school, and have taken out student loans. I got my first credit card a week ago, and I’m hoping to lease an apartment soon.I have some savings but not very much. my parents have always had trouble with money and I …

Should I pay college debt or invest in a roth ira? If I’ll have 50k college debt by the time I finish college. And have 20k rn. Should I invest it in a roth ira over the years or use it for college debt? I’m not 100% sure what’s the correct answer so I want advice. submitted by /u/lonlysoul101

I currently have 20K in debt, and I don’t know how to proceed. How to I proceed with this? I am currently a student and unemployed, but actively looking for work. I currently have 20K in debt, and I don’t know how to proceed. Also, I haven’t talk to the collectors since I am afraid and ashamed. How to I proceed with this? submitted by /u/QuartzDiamond

Maxing Roth IRA, but then, 401(k) Roth or Traditional? Basically the title. I’m 31M, maxing out my Roth IRA. I have a 401k that’s currently set to 4% Roth contributions, but is that the best or should I switch it to traditional? Is there a way to figure out which combo is best? I feel some people say all Roth is the best, while others say a blend is better. submitted by /u/tcwmatt …

will i destroy my credit score if i do this i’m 28, single, living independently ever since i graduated college 5 years ago. i’ve never been super rich but i always had enough, until the last six months or so. i moved across the country and basically all my savings are now gone. my new area is HCOL and im just not keeping up on a teachers salary. i am living paycheck to paycheck and nearl…