Just sold my home. What should I do with my profit? I just sold my home and moved in with my partner. I made about $129,000 on the sale. I have about $10,000 of debt I will pay off but don’t know how to invest the rest. I would like to use about $10,000 to play around with in stocks. That would leave me with about $110,000 to invest somehow. Any ideas would be great. Thanks. submitted by …

What am I supposed to do with my savings? I work in a restaurant and make between 60-70k a year. I grew up pretty poor and live well within my means— car paid off, no credit card debt, and less than 10k left in student loans (opting not to pay this off immediately as my state has a tax incentive for monthly payments). Over the past few years I’ve managed to save 60k in a HYSA, ideally f…

Should I put more in 401k (vs Roth) My combined tax bracket is 31.3% (22% fed, 9.3% state). I’m currently maxing my Roth IRA and contributing only 2% to 401k with no match. Next year I’ll likely barely cross into 24% fed. I don’t really expect my salary to dramatically increase at this point. I’ll probably get solidly into 24%, but 32% doesn’t seem in the cards. And I don’t expect…

Putting on Grown-up Pants Hi all. It’s time to be a big boy and put on my big boy pants (financially). Here is some background: Wife and I will finally be a dual income household in the near future. I finished school and started my job back in July. We had a baby in September and wife is looking to get back into the working world within the next 3-6months most likely. W…

Credit is poor due to missed payments I missed 2 payments on my car loan because of a sudden situation and i informed them that i might miss payments (no deferred payments left) and the girl said yeah its fine we understand and pay as its possible for you. Now i have been paying from october to January this year and it says i missed a total lf 6 months. Should have been 2. What shou…

Regions Bank Vs Wells Fargo? I live in Missouri I wanna have a local bank Wells Fargo is isn’t as local as I would like but it’s only a hour away. Anyone had any pros or cons to which one is a better bank? submitted by /u/treatemlikeabug

Kicked out at 18 with nothing, what are some steps that I should take to survive? I’m 17 as of this moment, and Ill turn 18/graduate high school in May. When this happens, my parents will kick me out of the family house and Ill be homeless. I’ve never known a time where my family was functional which is why I’ve never really seen eye to eye with my parents. I think they believe my eviction is for my own good however I really …

Mom made a bunch of credit cards in my name and tarnished my credit score. Advice appreciated UPDATE: Credit is frozen. Thanks for the tip! So uhh, where to begin? My score is 572 and I have never touched my credit score before having this bombshell explode on my face. I’m going to move in with a friend in the coming weekend and seek legal advice at the minimum. Will more than likely seek prosecution or demand she confess to identity the…

I’m spending over 20% of my income on healthcare despite being pretty healthy I make around 42,000 a year before taxes give or take (I make commission and tips in addition to a base salary so my income can vary). I get health insurance through my workplace. I stupidly chose the second highest tier plan because I needed mental healthcare covered. I also added dental and vision. Because of this $287 is taken out of my biwee…

Getting married – I have a few questions about combining finances. I’ll try to make this short! I’m getting married this May and we plan to have a hybrid method when it comes to combining our earnings. We will have a joint account that a portion of our income is automatically deposited, and the rest will go to our individual accounts for personal savings & personal purchases. The majority of our money will go i…

Received settlement help So long story short I got injured at my job I seeked legal action and now four years later I received my settlement which is in the 7 figure range I have absolutely no clue what do to. I paid off my debts $30k now I’m not sure what to do. Everyone told me not to get a financial advisor cause they take a lot of your money. What would you do? How …

Living off taxable brokerage to MAX out company 401k with match… Just a question out of curiosity: Would it be a good move for someone to live off investments (selling stocks from taxable brokerage) for period of time so they could deduct close to 100% of their salary until they reach the $21.5K max contribution limit with the company’s matched 401k? Once the max is reached they would then switch back their d…

How to not compare myself to others My family and extended family are successful and worked hard for it. Every one of em. Can’t say they didn’t earn it. I worked my ass off this year putting in so many 50-60 hour weeks and got a good bonus of a few thousand (most at company get nothing, i realize i am lucky). If they were to ask about my year, I was excited to tell them that i per…

1099-C from an unknown company? I always do the taxes for my family and that includes my parents. They manage their money and bills throughout the year but sometimes I help my parents with that too. My mom received a 1099-C from a company that we have never heard of, Merrick Bank Corp, for an account that they closed for a little over $1,200 including $150 interest. There is …

SSN Not Recognized by Multiple Banks I called two banks today, and during the standard identity verification process, both were unable to verify my identity when I entered the last 4 of my SSN and asked for further details. I was able to complete my transactions no problem, but after the second instance, I’ve started to become a little concerned. I’ve checked my credit report. All …

Union Retirement of Deceased First off, if this is the wrong place, please direct me where to go. My father had passed away in 2013, retired 2002. He was a member of a local union. Each time I call the union to get help regarding his pension I get no where. When he passed away, I packed up as much paper work as I could to help me recover personal property, bank accounts an…

Daycare is going to make us mighty tight, help me optimize our budget Our gross income combined is $143k. Net pay is $92k ($7,700 per month). Each of us makes around $70K so it doesn’t make sense for one parent to stay at home. Family size of 4, 2 adults, 2 children. Monthly Bills: Daycare: $2700 Mortgage: $2400 Cars, insurance, gas: $629 Electric and Utilities: $390 Phones $120 Medical payments/debt: $200 Inter…

I feel like I’m not doing enough with my money. I’m 25y old, earn about 55 a year, car paid off, current live with dad so no rent, student loan of 20 grand (been putting 1g each month for the past 5 months to pay off faster). I currently put 15% of paycheck into 401k and am naturally cheap so I don’t spend money alot on non essentials (highest cost per month is food). I have about 25 grand ju…

Getting calls and visits offering to help prevent foreclosure TL;DR Why would individuals from multiple companies send fearmongering letters and make visits to my friend’s house if his taxes are up to date and mortgage is paid off? My friend and his family are living in his deceased father’s house. He lost his job shortly after his wife became disabled so his father took his family of 5 in. The house has b…

My W2 says I made less than what my end of year last paystub says? So my end of year paystub for December 2024 says my gross income was $98k. My W2 says I made $91k. I don’t know why there’s a $7k difference. My work paystubs are honestly confusing though. It has multiple categories and splits everything up bit by bit. Anyway, I was trying to file my taxes and it says I owe about $350. Trying to understand whe…