In laws expenses-thoughts and suggestions This is a throw away account. My fiance and I are in talks about marriage. For some background, my parents are well settled from metro city and have retirement savings as they will be retiring in a few years. My fiancé’s parents are also the same age and his mother is a homemaker. Now his parents have decent income but do not have absolutely any…

Are classroom receipts something we can include with taxes? My wife is a private school teacher in Alabama. She spent money out of pocket last summer for things like classroom decor and classroom supplies. We saved the receipts, in case we can include them with our taxes. My question is, can we? This is her first year teaching, so our first year going through it. Appreciate any guidance. submitted b…

Should I sell my property to buy an apartment with my partner My partner (late 40s M) and I (late 20s F) have been together for 2 years. I’m on 120k and he is on 180k. I have a house of my own which is not in a great area currently worth around 800-850k (mortgage around 410k) and a car. He doesn’t have any property or car. I have a child (with ex partner) who stays with me three days fortnightly and I’m pa…

Do I continue to stockpile cash? I’ve (23M) had quite a rocky road getting to this point in my life and I know I’m doing pretty good, but trying to figure out the next step. I recently earned a masters in business, and used my salary (70k) to pay it off. I am fortunate enough to have a great relationship with my parents, still live at home. No rent, no expenses (besides gas), n…

Delayed medical bills Friday we received two medical bills for $800. They were from 2021 and 2022. I did some quick research and it appears in my state this is well within the statute of limitations and I am on the hook. While I can technically afford these, am I likely to negotiate a payment plan to slow pay them just out of principle? I’m pissed that they waited ye…

Stocks v Roth IRA: best investment strategy for someone who will leave the US permanently in a few years Hi, I (24F) am a grad student in the US. I end up saving about $1200-1400 a month that collects dust in my checking account. My friends have suggested investing in stocks and contributing towards retirement accounts like Roth IRA. Most of them, however, are US citizens or plan on settling down here. I would most likely move back to my home count…

24 years old, quit my job for less stress and to finish nursing school with grad date of August 2025. Broke, but what do I do with my retirement plan money from old job? Hi all, I am 24 years old have made some poor financial decisions and am about $11k in credit card debt. I have only $200 savings. $500 in checking. I quit my full time job to focus on nursing school and in the moment it felt like a great idea, but now I realize I screwed myself. I received a letter in the mail letting me know I have $4,800 in a…

My dad is in debt and I don’t know how to help Hi, I haven’t written many posts on Reddit and English isn’t my main language so I’ll try my best I’m 19 and my dad is 47, he separated from my mom when I was 8 and since he’s gotten a new girlfriend, he’s lived with her for about 11 years now. His girlfriend has a Son, and today he told me about my dad’s situation since I only visit him on the …

Blue collar worker considering move for union job. I need to make sure I’m thinking straight and am looking for unbiased opinions. Your help is truly appreciated. If anyone knows a good online calculator that help me properly figure the math to make sure I’m comparing pay scales correctly that would be excellent and I’ll use it to help answer my own questions if you’re not interested in doing th…

Does me making 25/hr at 16 get rid of my family’s medicaid? (california) So I just got an offer to make 25/hr (which is basically gold for a 16 year old) but my family is barely eligible for medicaid. I asked my mom about it already and she had told me that if we made even a tiny bit more we would be completely cut from medicaid completely. I did hear that in some states if you were under 17 or 18 your income wouldn…

Should I Move Out at 29 or Keep Saving Money? Hi everyone, I’m 29, living with my parents, and debating whether to move out or keep saving. I make $95K/year, and living at home helps me save for a future house. However, I’m starting to feel the need for independence and personal growth. Should I keep saving or take the leap for my own space? Any advice or personal experiences would be great…

1099R for backdoor roth conversion seems off Hey all, just got my 1099R from fidelity for 2024 tax year. I did backdoor roth conversion the past two years. My 1099R from 2023 had ~$6500 in distributions but my 1099R for my traditional IRA from 2024 just has a $1 and my 1099R for my roth IRA has a distribution of $35. Did I do something wrong during the conversion? This is my first time doi…

How should I handle my finances to become financially free? 24/F I currently have a Chase Student credit card with close to $4000 in debt, which is overdraft and just keeps getting interest charges; I have close to $12,000 worth of student loans. I also have $8,000 with a collections company from a lease 4 years ago during college, but I could not move in due to COVID-19 shutting down my school. However,…

Buy rental property or keep investing in tax advantaged accounts? Hi all, I’m debating whether to invest in a rental property or keep investing in tax advantaged accounts. I currently make 166k (base salary + bonus) and my husband makes 60k. We live in the new england area and bought a house back in 2021, our mortgage is 1600 a month. This is pretty affordable for us and it allows me to max out my pre tax 401…

score drops 200 points This is interesting. I paid 80k (yep 80k) in one payment (phone transfer) on a HELOC but neglected to tell them to use 300 for the interest owed. Always in the past, they applied a small portion to the interest, but I did not confirm verbally. Well since I was away for a few weeks I did not see the late notice til I got back. I immediately went …

Buying cheap house vs renting So I had to move back in to help my parents. I used most of my savings and retirement keeping the place afloat over the years. Currently I am unemployed and only have a minor income due to not being able to get away for more than a few hours because of my parent’s health issues. Now my mother is on her last weeks and I will have to sell the prop…

Helping a sibling Save long term I have a sibling who I live with. He had some mental health problems that he was been able to recover from a great deal, He has a job. The issue is he is never going to be 100% and will need someone to make sure he is on the right track. Mostly with paying bills and impulse spend. I was able to get him to get a savings account, but he drains it …

Why do some companies have a 50% match on contributions to 401k? A company matches 100% of your contributions up to 5% and then matches 50% of your contributions for the next 5%. If you take full advantage of the match and contribute 10% of your paycheck, the company matches will be 7.5%. Why doesn’t the company just match 100% of the contributions up to 7.5%? The match will effectively be the same but you as…

Rent out house or sell it? My husband and I are probably moving in the next six months and don’t need to sell our current house to do so. We have about $100k of equity in the home. We’re debating selling it when we move or renting it out. I’m leaning toward selling because I have no interest in being a landlord or working with a property management company; I would vote w…

Should I Use My Inheritance to Enjoy College Life or Invest It? Hey everyone, I’m a 20-year-old college student who just inherited $20,000. It’s a crazy amount of money for someone my age, and honestly I don’t know what to do with it. On one hand, I feel like I should invest it in stocks, open a Roth IRA, or even save for a down payment on a house after graduation. But then there’s the other part of me that …