I wanna learn budgeting and saving Hi y’all first time posting. I’m 15 (male) and I wanna learn budgeting and saving. I work in a restaurant b/c my uncle was able to help me get in I go once or twice a weekend and get paid $150-$200 or even more by the end of the day. I have a bad habit of spending money on friends or family. I have clothes and stuff that I want but no matter wha…

Should I Leave My Commission Job for a Salaried Role? ook a leap into commission-based sales less than 9 months ago when my wife had a stable, well-paying job. The idea was that with more risk, I’d see higher rewards. But things changed fast—my wife got laid off in October, and suddenly, the financial security we had was gone. We have a small child, a mortgage, and growing expenses. Debt feels like…

$60k in tax debt for 2023, more expected for 2024 – cash out retirement? Edit for missing info: we did not pay quarterly taxes, the money we should have put aside for taxes was spent – we underestimated taxes by a significant amount. We had a number of unexpected expenses come up – we used money we shouldn’t have to cover it. We never learned how to run a business and unfortunately, we cost ourselves a lot. We should…

Do real estate agents really sell homes for more? I’m sure you’ve all heard real estate agents say that if you choose to list your home for sale by owner (FSBO), you will be leaving money on the table, because the average agent listed property sells for X (higher number) and the average owner listed property sells for Y (lower number). Yet, their claims are rarely questioned. It is the classic …

Any disadvantage to buying a home with cash? I am currently having a home built on land that I own. I am financing construction costs with a construction loan. My plan has been to take out a mortgage on the new home (once it is complete) and use that mortgage (plus proceeds from the sale of my current home) to pay off the construction loan. However, have had some other investments perform…

My mortgage company failed to pay my property taxes from escrow and now I’m being fined for late fees. Not sure how to proceed. I’ve been with the same mortgage company for a few years and they have always paid my homeowner’s insurance and property taxes from the escrow account. I have never been late or missed a payment. I received an email from the mortgage servicer saying there was a surplus in my escrow account and I would be getting a refund check. When I went to m…

Extra Mortgage Payments or Savings Strategy I have a 30 yr fixed at 6.125. I could easily make extra monthly payments and additional yearly lump sum payments with end of year bonuses and have the house paid off in 6-10 years. I’m almost 50 so it there isn’t a huge amount of time to save. I have a good retirement account as well as some other conservative investments (guaranteed to drop no…

Father-in-law died unexpectedly, mother-in-law is in assisted living. What do we do next? Looking for advice: My father-in-law passed away unexpectedly in November. He was the caretaker for my mother-in-law who has Parkinson’s. They live across the country from us, so in the immediate aftermath we focused on getting her into an assisted living situation in her community. Now we’re ready to tackle some of the finances. My mother-in-la…

Look for help to pay off CC Hi between me and my wife we have about 16k in credit card debt due to vet bills. Most of the cards have 27% apr. we haven’t missed any payments and even pay little extra on one but balance don’t seem to be going down much with the high rates and don’t have whole lot extra to pay extra. we are not using them anymore. But we’re weighing out optio…

Adult Disabled Child tax status I can’t find good information about this. I am listed as I noted under disability as an adult disabled child. I live with my mom and stepdad. I know I can claimed as a dependent. I also only recieve the social security deposit which is under 20k I’m not looking at 1099 right now to recall exactly. Am I required to file or am I exempt? No one h…

401k never matched at all when supposed to. Hey guys, I have a question in regards a situation my mom is going through with her employer and was maybe hoping for some feedback and insight on what she is possibly able to do. So my mom is someone who doesn’t really know much of anything when it comes to finances and recently I took a look at her 401k and been managing it since. I noticed t…

401k Holdings at 25y/o I’m 25y/o and just started with a company with a 50% match up to 10%. I’m currently contributing 12%. I’ve rolled over about $20,000 from a previous 401K and am now looking at what I should invest in. My gross pay is around %100,000/yr. I’m considering this: VIIIX-40% TARGET FUND-40% VTSNX-20% I’m also maxing out a Roth IRA. I am looking for som…

What to do with $43k UBS account my Uncle gifted me 9 years ago? I’ve (28M) been taking a hold of my personal finances and investments the past 2 months with the help of this subreddit and have now shifted my focus to a UBS resource management account my Uncle funded 9 years ago in my name. Initial deposit was $10k and I’ve let this account just sit aside from a $15,000 withdraw about 1.5 years ago to pay for…

I am financially illiterate and need to know what kind of account to open Hello. I came into money and it is not never work money but it is a substantial amount. I have so many relatives that I know will come asking for handouts and I know my parents will try to guilt me into it because we had so many financial difficulties when I was growing up with them helping all the people who were blatantly using them for money …

30 and drowning. $300 did drastic damage. How do I get out of this? I’m 30 years old. Due to a string of bad financial decisions, lack of budgeting, and depression after my dad passed away and going through two breakups, I have basically no money. I lived in LA, but this month I moved in with some cousins who are well off further south to not worry about rent. The industry I was a part of crumbled and I’ve bee…

Need help calculating Net Income attributable Hello all, As being a dumbass, I contributed to ROTH IRA for 2024 and now realizing we are not eligible at all. I need to calculate NIA for ROTH IRA recharacterization. My opening of ROTH IRA was $10476.12 as of 2 JUN 2024. Made two contribution ($5000 on 4JUN2024 and $2000 in 15SEP2024). My balance as of now $18500. Just little confused on Line…

Sell house, sell dad’s share of house, or buy out aunt’s share of house? CA state Quick briefing about situation: My dad lives in CA, in a desirable to live in area with not a lot of inventory, so a small house can fetch $1mil. My mom passed away late last year and she and my aunt jointly owned the house that my parents lived in together. Title/deed is in both of their names as unmarried women. House is completely paid off….

77F Being Patient, Spent Savings Looking for advice: My (77 yrs) mother retired late 2023. In early 2024 she employed a (QLD) financial planner to manage setting up her pension with Centrelink. She believes that there was a lot of generic messaging from Centrelink saying that they are understaffed, urgent cases are being looked at first, etc, etc – and so she didn’t follow up w…

PTO deducted bonus percentage.. Not sure where to post this but… My manager announced I will be getting 90% of my bonus due to the amount of PTO I took. Later I talked to others and every person who talked in a 50+ person group chat said they got 100%+ and took PTO. I asked my manager about this and said he spoke to many leaders and many associates got the same percentage as…

If you want to consolidate your credit card, avoid Credit Associates. For 2yrs, Credit Associates, made over $12,000 from me. After telling me to stop making my credit cards payments, because they wanted me to starved them. I followed their advice and every 2 weeks they take $267 from my bank account. In between, they would call and say they need more more money because my account was low. A year after I joined wi…