In 4.5k CC debt, should I pay off in increments or save up to pay all at once? Hi! 21 y/o here. This has been giving me great shame but I made some irresponsible decisions in both 2023 and 2024 and wasn’t able to work last year so I ignored my debt. Now my mistakes from last year are coming back to bite me in the ass. I started working again and make about $2,000 a month. I could attempt to chip away at this debt in $500-…

Unsure about what to do with my brokerage account. Hi all. I’m in a weird situation. Disclaimer: I’m not very financially literate, and I’m really trying to become more financially literate, but it’s very overwhelming. A long while ago my dad bought some stock in a brokerage account for me, so the account is in my name. I basically forgot about this til recently. He had always done my taxes. I …

New job, what to do with old 401k. New job does not match. Started a new job that offers a 401k through Voya. They do not offer a match at all and from what I understand, Voya charges 1.35% annually in fees. (working to confirm the fees) My 401k at my prior job was through Fidelity. There’s about 80k in there now. As far as I know, I wasn’t paying any fees on this. I also have a Roth IRA through Fidelit…

How to start saving for retirement/investing. Ok I’m 33, married with a 3 year old. My wife and I built our dream home and it took a little longer than we hoped, but I did most of it myself and we paid for all of it as we went. We have no mortgage and no car notes. She is a Nurse and makes pretty good money and I am hanging up my Brewing boots(head Brewer for a craft brewery) and getting ba…

Additional Income from family support on lease application? Im currently trying to complete a lease application for an apartment as a college student. I have a US citizenship but my parents do not. I get financial aid sent from them from back home but I don’t know how I’m meant to list it in the “Additional Income” section of the lease. I also have a part time job which is where I stated my “monthly inco…

Budgeting app with “reimbursed” category/functionality Hi! I’m looking for a budgeting app where I can track/categorize all of my expenses to understand my spending – but here are a few specific things I’m looking to be able to do: indicate which portion I’m really paying vs. what I’ll be paid back for (i.e. putting my card down at a group dinner, splitting utilities with my roommate, etc) a way to…

Sister financed a car May 2024 with the dealership at a 9% interest rate. Since then, we’ve heard about credit unions with lower rates and I had a few questions about that Can she apply for a car loan now at a credit union to pay off the remainder of the car And then just pay back the credit union with the lower interest rate instead? If so, how exactly would it work? submitted by /u/BigBadBoss25

Pay off car or invest in Roth IRA first? Info about me: 23 years old, just got a good new job and am starting to think about the future. I just opened a Roth IRA for the first time. Predicament: I owe $5500 on an auto loan at 6.25% interest. I can either pay off my loan or invest that money into a Roth IRA, before the April 15th deadline for 2024 contributions. I won’t be able to do b…

What should I do? I’m stuck.. Been longing for advice on what to do as far as financially. I’ve heard of the Dave Ramsey method and other ways to reach financial stability and independence but I would also like to hear what others might have to say. For context, I am: • 25m, Chicagoland area, living with my parents • Work for local government that offers a municipal pension …

– Form 1099-R has “Taxable amount not determined”, how do I calculate the taxable amount? My dad died and I got an inherited Roth IRA with about 17k I took out the full amount and received form 1099R I know my dad did not have the account open for 5 years I know the vast majority of that amount was contributions (but don’t know exactly how much) I think the earnings are taxable (should be a small amount) because he did not have the a…

House Fund Dilemma – Looking for guidance! Hi all, I’m a 25m planning to buy a house in a VHCOL area in about two years. I’ve saved $100k so far and it’s all currently invested in an S&P 500 index fund. Right now, I’m up 27% on my investment. When would you recommend moving this money into something safer, like a high-yield savings account or another low-risk option? Obviously, no one ca…

1099-r, unsure of box 7 I needed to withdraw some of my Roth IRA contributions. I did not withdraw any earnings. I got a 1099-r from Vanguard that has distribution code J. When I go to enter this in my tax software, it is also asking for a number that describes the distribution. What number do I enter for this? Please don’t judge me for doing this- I just need help rep…

Can someone help me figure out where to put my old 401k? Hello, I hope this is the right place to ask this. I’m 21, just quit a job after working there a year. I quit due to moving, and I currently don’t have another job lined up yet. I have a little more than $2,000 in it, and I only have 30 more days to figure out what to do. I’ve been trying to research ways to roll it over, but I honestly don’t u…

Need someone to explain if this is possible So my sister recently got a new job. She’s been given a company van and is looking to sell her car as she no longer needs it. Thing is, it’s on finance. I’m looking for a new car, so I’m wondering if I can take it on. She took out a loan from the bank (£10k) and is repaying about £150 a month? I’m aware she’ll need to pay off the rest of the fin…

6 Month Emergency Fund, Where to Place I currently have my 6 month emergency fund parked in an Amex high yield savings account. It is currently earning 4.05%. Should I just keep it here, put it in the market? Somewhere else I am not even considering? Thank you in advance! submitted by /u/Own-Carpenter347

I received a 1099-k form from eBay and they’re saying that the refunds I gave back to buyer count as gross income how do I fix this? More information is down below to explain. I received a 1099-k form from eBay and they’re saying that the refunds I made last year count as gross income and I’m concerned the IRS will penalize me and I want to correct this because I did not make any money that went into my bank account I only receive credits to issue the refund what do I do? I’m guessing I will have to go to h&r block an…

pay more rent or commute 120miles round trip I’m contemplating moving in with my dad. he’s older now and lives alone in a 4bed house. I work 3days a week as an ER tech. I love the culture of my ER and the work I do. Currently paying $1340 a month with a room mate x2. my dad is asking for $500 a month and to help out around the house. I drive a little Honda civic and would calculate around …

Question about using inheritance/windfall to pay off debts My father was a hard working and shrewd businessman who I loved very much. So the slow deteriorating from Parkinson’s was tough on me the last few years, but now that the dust has settled as is the estate, I just want to make sure I am making prudent choices. So basically my plan is to methodically eliminate all debt in this household. Credit C…

Changed the car’s transmission twice, keep or buy a new/used car? It’s a 2009 Mazda that I bought new in 2010 and didn’t take good care for it, it has almost 300k miles on the odometer. Since 2021, each consequent summer the car breaks down, either transmission, electronics, mechanics and such, I do repair it for like $1k-2k/year. Financially speaking, should I still keep the car? It’s tiring me out emotionall…

To finance a laptop, or not to My semester just started and my laptop broke. I was trying to hold out until my birthday to ask for one but it just stopped turning on. There’s also issues with the keyboard so I believe it will be costlier to fix and that I should get a new laptop. I am looking at ones between $350-$600, nothing crazy. I have the money in my savings but I live …