Parent has been stealing money from adult child – what now? Hi all, need some advice. My husband and I are helping out a friend who just left an abusive and controlling home life. They are 19, but their parents have controlled every aspect of their world. Their parents have all their credit card numbers, bank logins, social media, etc. etc. We are working with them to get bank accounts closed, card numbe…

W2 vs 1099 for dummies I’ve only ever worked w2 jobs but I recently joined the sales world, currently employed by a w2 sales company but I have an interview tomorrow for a 1099 sales job. I’m learning that many sales companies are strictly 1099, I’ve always strayed away from 1099 because people talk about the taxes, I guess I don’t really know what they MEAN by that. …

Does VOO and chill work at 58 years old? My mother in law asked me what I invest in and I told her I’m boring index holder. She asked if I could set that up for her. Does an S&P index still provide great return if she’s using it like a savings account? Or should I push her towards like a dividend equity like SCHD so it’s safer but she can see dividends going into the account? subm…

I gave my granddaughter a cashiers check for her college graduation. The bank put a 30 day hold on it. Is that normal? Is there another banking instrument that I should have used? submitted by /u/TimothyMarkK

Auto loan overestimating my car value? I’m doing a buyout on my car lease. I’m in process of getting approved. When I look online kbb,carmax,Carvana, and other sites it gives me range of $30k to $33k. The loan person I talked to said car is worth $38k. When I look at sales they are about that $30 to $33 also. Any thoughts of why there is so much disparity? I’m second guessing the p…

How to talk to child about windfall Hi everyone. A couple of years ago, my 9 year old and I were injured in a bad accident. My daughter (who fully recovered and is healthy and happy today) received a significant settlement from that accident, with half of the funds due to be dispersed in a structured settlement when she turns 18 and the other half in an investment account that wil…

Do you quantify non-essential purchases by figuring ‘x-hours of work = amount of money for purchase’? This is something I do in my head when discussing purchases with my wife or looking at something non-essential I’d like to buy. Like, “Is getting my son a new baseball bat really worth $300? That would take me roughly 4 hours of work pre-tax to make.” In the above example I generally say “no, it’s not worth 4 hours of my time” but getting a clea…

What else can I do with my extra savings if I’m already adding to my retirement fund? 25 and still living at home with parents. I got a full time job last year and I have a cheap cost of living. Because of this I’m just sitting on a growing $35k in my savings account (4.3% APY). I’m already putting about 15% of my paycheck every week into my 401k, so I have that covered but I want to take out like 20k and invest in something or b…

Can I afford this payment? I am usually against having a vehicle payment. I’m 27 and have yet to have one. But my father recently passed away and I am wanting to buy his truck off of my mom. It’s a 2021 Tacoma worth about 28k. I grossed 60k last year. My current take home pay is around $3200 a month (Give or take because I earn commission) Here is a list of my expenses. …

How much is too much? I’m 19, working, trying to understand a couple of things. Hello everybody. I’m a 19 years old guy living in Europe. I consider myself as a pretty decent saver. A bit more about my situation: I live at home, with my parents. I started working in the family business around mid September after graduating high school. We work in the clothing business, we produce and sell knitwear (mixed cashmere, wool, cot…

Financial advisor pushing hard for whole life Insurance along with term life. My (31M) wife (29F) and I are utilizing a financial advisor, who is her good friend’s brother. We decided to do this so that we can start to get our finances in check, as we just got married last April, and want to start building a real savings, and start saving for a house/condo. For context, I make pretty good money, and my wife makes ok money…

title name change issue When I got married I updated my legal name on my license and SSA, but did not update the name on my car title. I now wish to sell the car. Without thinking (dumb i know) I wrote my OLD name on the back of the title in blank for seller. What can I do now? I clearly can’t write my new license number on the back of the title. I likely can’t cross o…

I hate my condo. Sell for a loss? I live in the mountain west and bought a condo 1.5 years ago. I wanted a small house, but there wasn’t much inventory and the ones that that were available weren’t in my price range. So I pivoted and bought a condo. I had been living in a nice, but small 1BR apartment at the time and rent prices for a 2BR were really high. So I figure this would…

Stranger Linked Their Credit Card to My PayPal Account and Made Transactions Using Their Own Money – What Should I Do? Hi everyone, I recently encountered a strange situation with my PayPal account, and I wanted to share it here to see if anyone else has experienced something similar or knows what I should do. A few days ago, I noticed some unusual activity on my PayPal account. Upon checking, I found out that someone had linked their credit card to my account a…

Old employer went out of business. Worried about not getting a W-2 I left months before my job laid everyone off. I stayed in contact with some people and learned that no one received their last paycheck and there is an ongoing court case going on. Because of this, I am assuming I will not get sent a W-2. We used paycom, but I don’t have access to it anymore. I also don’t have a copy of my last paycheck. What …

Deciding between job offer from new company vs staying at one with a better 401k I’m 37 and recently received a job offer from a new company that comes with about a 20% raise. Upon reviewing the benefits, I determined the 401k offering is not as good. Current company: Company contribution and match totals to 8%. It allows for after-tax contributions over the $23k’ish Pretax and Roth employee limit (using ‘ish’ for the 2024/2…

I’m not sure how to best use my savings at 20yrs old I’m 20 years old and on track to finish community college next year with little to no tuition spent, I have no real bills to spends aside from gas as I live with my parent. I have about 12k in a liquid money market account with schoolsfirst but I’m seeking a better way to grow that money and have been thinking of putting it into a s&p 500 accoun…

Paying for large purchases w 0% APR card to invest the difference We are about to spend $20 to $30k. We have no debt and high income. I have heard of people putting these large purchases on a 0% introductory APR card. It’s not crazy to think that amount of money could return a few thousand dollars over 15 months, so it mostly seems like a no-brainer. The only consideration that comes to mind is my credit score…

Feeling anxious about my financial situation. I’m I in trouble? What should I do next? Feeling anxious. I’m I doing ok? Happy to provide more info if needed. Not sure why but I’m suddenly feeling really anxious about my financial situation. We moved to a new home and I guess it’s the higher mortgage plus renovation debt. Here is a summary and happy to answer any questions or give more details. Am I ok? Should I get more stressed o…

No-fee, 0% intro APR offer for credit card balance transfer? Are there currently any credit card possibilities for a no-fee, 0% intro APR for balance transfer out there? I know, I know – free money doesn’t exist! But as of a year ago, there seems to have been one – First Tech Fed Credit Union. But I can’t dig up any information on whether it’s still available. Source: https://www.reddit.com/r/personalfina…