Should I finance a car with the intentional of paying it off in 3 months?

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Should I finance a car with the intentional of paying it off in 3 months? The dealership said they could provide a better discount of $1500 off the OTD price if I chose to finance with them. 36 months @ 3.69%. I have the cash to pay it off up front. I also plan to purchase a house in 12 to 16 months. My credit score is only 694 atm. I’m trying to get it back up. Should I pay with cash or get a loan? Will it help incre…

Reddit Personal Finance 789 2025-02-27

Should my husband and I both have roth IRAs if we can’t meet the maximum contribution for one account?

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Should my husband and I both have roth IRAs if we can’t meet the maximum contribution for one account? I’m a stay at home mom and my husband works. I’m looking into retirement options for us and am planning on getting a roth IRA in addition to his 401k match. Our contributions wouldn’t meet the yearly maximum for one account ($7000). So is there any point in having two accounts? Wwyd? submitted by /u/Agreeable-Cat

Reddit Personal Finance 739 2025-02-27

Should i switch over loans?

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Should i switch over loans? Long story short, I had $17,000 in credit card debt, and the high interest rates were leaving me with little to no money at the end of each month. To manage, I took out a $16,000 debt consolidation loan through Upstart (the maximum I could get—at 17.74% interest.) This helped free up some money each month. Now that my credit has improved signifi…

Reddit Personal Finance 1.2k 2025-02-27

Partner’s work says they overpaid $42K

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Partner’s work says they overpaid $42K My partner took FMLA leave last year for almost the whole year. He is a salaried employee, so the FMLA was paying a portion of that salary. He got an email from another company stating that his work is seeking repayment on overpaying the FMLA for $42K. He called today and they said that according to the employee handbook, that FMLA only pays for…

Reddit Personal Finance 1.1k 2025-02-27

Getting a small inheritance. Put it into the house or put it in retirement?

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Getting a small inheritance. Put it into the house or put it in retirement? Age 53. The inheritance is less than $50,000. I think it’s smarter to put it into the house because I’m very concerned about getting my house paid off before I retire. Does anyone disagree? Interest rate on the home loan is about 3.5%. I currently owe about 375k. submitted by /u/Conscious-Compote927

Reddit Personal Finance 1.0k 2025-02-27

What should I start investing in?

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What should I start investing in? I am 18, in highschool working part time. I have an emergency fund with around 2.5k which I think is enough for right now. Instead of putting all of my extra money in savings, I figured I should start investing some of it. What I don’t know is where to start. I don’t know if I should just put money in the s&p500 or VOO, or if I should be looking…

Reddit Personal Finance 935 2025-02-27

Best approach to next steps

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Best approach to next steps I just sold my car to carmax and received a decent check from them. I only had 8k left to pay on my car loan and with the sale of my vehicle I was able to pay off that 8k and walk away with a $10,000 check. Here’s my dilemma I overestimated my ability to afford living in the neighborhood I live and my lease on my condo ends in May. I’m trying t…

Reddit Personal Finance 667 2025-02-27

Purchasing new cabinets, should I open a credit card for points?

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Purchasing new cabinets, should I open a credit card for points? I have the cash to pay up front, but am thinking I should open a card to purchase to get sign on bonuses. The total purchase will be in the 10-15k range. I have two questions, will any new cards give me a credit limit high enough, and if so is this the right way to go, considering I will pay the card off immediately? submitted by /u/Unfa…

Reddit Personal Finance 1.3k 2025-02-27

Shack Man – They Think, What?

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Shack Man – They Think, What? Catch up here – Shack Man Chapter Ten: They Think What? I could not possibly be more stupid in some ways. I get by okay. I have a key or two at my disposal, but by traditional standards there are huge gaps in my body of knowledge. I consider this my Mowgli affect. Mowgli from Jungle Book Source

Elsa Elsa 886 2025-02-27