I paid a doc’s bill years ago but recently it came back Hello Reddit, So I don’t to want make this very long but long story short I had a bill that I forgot to pay and I ended up paying big but that’s on me, however I just recently got a voicemail about the balance not being paid and they said “you had a deductible that came back and we haven’t received any payment on that” blah blah and ultimately w…

First time investing. What should I do? I want to get into investing + open a Roth IRA. I have no clue what to do but I have around $8k in a HYSA. I was thinking I could move part of this into some investments and start contributing to a Roth IRA as well. What should be my first steps? Appreciate any advice!! submitted by /u/red_hippo_

Car Refinance Question Currently have 49 months left in my loan. Current loan 12.57% paying $650 monthly. Was scrolling through Credit Karma and got on their refinance portion, got quoted 48 months, 6.69% interest paying $600. Is this offer worth taking? Currently on a roll paying off a bunch of credit card debt, and other debts I owe before I start the process of bu…

Retirement Fail or Bail? I (58F) have worked as a teacher for 28 years. I am seriously considering quitting now and finding other work while I still have work-life in me, or continue working as a teacher to hit the 30 year mark to get the insurance subsidy benefit (50% insurance premium) for 5 years before transitioning in Medicare. I would love to hear what other teach…

Pay down mortgage, save or invest? 300k mortgage at 7.3%. 6 months of full living expenses saved up, 14k in an investment account and a healthy 401k balance with 15% contributions per year. If I had an extra 300 a month — would you make extra mortgage payments, add to savings or investments, or increase your 401k contribution? Right now I plan to put the 300 a month into savings…

Financial advice for my dad 68 Hey everyone, my dad’s 68, worked around 30 years for a company , new company comes in and tells him he’s done. 2 months pay and 25k buy out. He’s thinking or was told to put it into an RRSP. He’s 68, I suggested putting it into a tax free savings account. He has no saving for retirement , this is it for him, he’s looking at getting another job …

Where should I put $5k right now? I’m doing ok financially, I realized I have a little much sitting in my checking account at the moment that’s not earning any interest so I want to put it to work. I’m thinking about $5k – where would you put it? I’m 40M single homeowner if it matters. I’m open to all ideas but for some examples: High yield savings? Money market? Put it in Robin…

Grandmother wanting to claim me on taxes I’m 18, soon 19, and my grandmother told me she’s claiming me on her taxes for the first 3 months of 2024 since I was still a minor. This is my first year of doing ny own taxes, however I have gotten plenty of advice that I should tell her she can’t claim me because I am 18, and even while I was still a minor those 3 months, I took care of my ow…

1099-SA showing $0 despite HSA being used It’s my second year with an HSA account, and was issued a 1099-SA for my taxes. I didn’t use the account at all in 2023, but 2024 I did reimburse myself for some medical expenses. I’ve always done my own taxes, and want to make sure I’m entering it correctly this year. When I open my 1099-SA it shows $0 for my gross distribution, despite me usin…

Is better to pay off Mortgage or have some left on it to keep it open? So basically I could pay off my mortgage but wouldn’t have really anything left over for emergency. The other option is to pay it down and have say 80k for savings (just random number). Is better to have it open just so you can use it for car loans or other things?. The third option would be to pay most down and leave like $200k and use it as a …

Investing guidance for retirement. Hello All, I am 46 yrs old and have some cash laying around to be invested in my personal bank accounts, in my Roth, my wife’s Roth, and in HSA. However, I’ve been putting maximum amount in my 401K which is invested via fidelity. Based on the discussions I have been hearing, its wise NOT to invest all the money in lump sum. And I am ok to pu…

Pay off 401k loan early or keep payments? So a couple years ago I took out a loan on my 401k to make a large purchase. Right now I currently owe $4,650 with a 8.75% interest rate that’s paid back into my 401k account. I’m wondering would it make more sense to pay off this loan quickly or just keep making my regular payments on it because I’m just paying myself interest. submitted b…

Advice for paying off credit card debt strategy Hi I could really use some advice! I have a balance of $5,500 on my credit card. I have around $8,000 in my emergency savings account and another $30,000 in a retirement fund that I of course don’t touch (I am 29 years old). I really don’t want to drain my emergency savings account because my goal is to have $20,000 in there that I don’t touch …

Games for introducing personal finance topics to youth I am going to be teaching a very basic personal finance course to a group of middle and high schoolers that I work with. I have planned out the lessons and I would like to include a opener/icebreaker type game that is relevant to each of the topics. My four lessons are Intro/Budgeting, Banking & Saving, Credit & Debt Management, and Investing/Fi…

How should I calculate how much I should spend on a car when I get mileage reimbursement for work? I have been driving shitboxes all my life and want to treat myself to something better. I know the rule of them to comfortably afford a car is 10% of your income. Now I feel that this is more for a regular person, one who eats the cost of the vehicle entirely as they use it as a commuter car. With the amount of miles I drive I get about $1,800 …

Dad is in bed with primerica So I recently found out that my father moved his money from NWM. And I was pretty excited about it, but then I found out that he moved his money to primerica. 🤦‍♂️🤦‍♂️ For context, my father is a 55yo blue collar worker who came up from nothing. He’s not a millionaire by any means but he’s done well enough to live comfortably. I don’t know what …

Pay off car now or wait a year Payoff amount for vehicle is 4500 with an interest rate of 4.6%. I have about 2500 in savings. The Question I have is should I wait until my savings builds up to pay off vehicle? I’m thinking I could pay it off by August with bonuses or should I use a CC with a 0% introductory rate for 16 months to pay it off now and just use the money I’ve been…

Card for teens to use on trips My kid is going on a school trip soon. We’re looking into apps/cards he can use as cash on his trip. Continental USA. He has had a bank account since he was 6 or 7. I’m the guardian on it. However, they do not give him his own card until he is 14 (I also dont get a card because of the account type.) He’s 13. Right now I just buy things with my …

My current employer refuses give a full W2 form So I started working at this small business last year for experience in a new industry. Initial plan was to work for 12 months. I was hired and told I would get paid $xyz. I was paid using ADP for two months before the employer suffered a loss of revenue. In the meantime, I was still employed but worked less than 40 hours a week for three month…

Paying of Credit Card Debt Hi, Over the past few years I’ve had some health issues and unemployment as well as Grad School… all in all I have debt and want to figure out how to pay it off in the least damaging way possible. I have 5 credit cards with around 32K debt total (I also have student loans which I currently do not earn enough to have to pay off — so those are …