How to help my Gen-X father retire? My Gen-X father is in his mid-50s. He’s hardworking but financially illiterate and hasn’t really made any proper provisions for retirement. On the plus side, he works full-time, lives alone, owns his own home, is debt-free, children are grown, and he has something in excess of $200,000 in savings. I want to help him put his money to good use bef…

Budget check for downpayment progress I’m looking for a sanity check on my budget. I’ve decided that I need to get more serious about downpayment savings and would like some general feedback on my budget. 28m, 1br apt, allergic to the concept of a roommate. The numbers below are the median values of my actual monthly budgets between March – December 2024. There was a move & a new j…

Are there any ways to save money that I’m missing? I… live in the cheapest place in my town don’t turn on the heat to save power only buy the very cheapest groceries eat as little as possible drive as little as possible never go out have the cheapest available cell phone plan the cheapest available internet no subscriptions of any kind and I still live paycheck to paycheck with zero savings. I…

I have a mountain of expenses this month and have had very little income so far. Can someone advise as to how to proceed? This month I have had basically zero income since working retail on-demand and having barely any shifts to pick up. I will have one check depositing on the 24th for $290. I knew hours were gonna be limited at my retail job this month so I applied for a serving job at an expensive breakfast restaurant in advance, but was not officially hired the…

First time 401k , is it worth it? I just landed my first job with benefits. This job offers a 401k match dollar for dollar up to 6%. I just turned 30 so I know I’m behind the curve, just don’t know if I’m too far behind to use this strategy towards retirement. submitted by /u/NoSort5668

Help me pick my next job Current job (in office) : $95,000, 10% bonus and 200ish hours of OT a year. Total earnings 2025 – $125,000. Swing shift 8s changing shift every 2 weeks. Very chill culture. 30 minute commute Job Offer 1 (remote) : $94,000, 15% bonus, no OT. 4/10s schedule. About $10,000 a year in commute savings Job Offer 2 (in office) : $110,000, 15% bonus, 1…

Missclassified as a 1099 I have been working for a man for two years and I work full time, get paid time off, and have set hours. He never made me fill out a 1099 but claims I am a 1099. He is crooked and I’m working in an unsafe environment full of mouse feces and urine he will not clean up and expects us to. I do not get overtime. I was supposed to be salaried but he …

Any way to manually make up 401k contribution for 2024 like you can with IRA? I noticed I was a little short on maxing out last year by a few hundred dollars. Not the end of the world of course but a little annoyed I didn’t increase my contribution percentage earlier to max. I know #firstworldproblems. submitted by /u/Iaokim

Would love insight on budget and any recs. 37yo F with one kiddo. Context: I never grew up knowing much about money, how to manage it, or save it. Following a severe reduction of income following a divorce in 2021-2022, I had to use credit cards to make ends meet and recently filed for bankruptcy. Currently awaiting discharge. (I won’t respond to bankruptcy comments, for what that’s wort…

Here’s the Secret to Finally Talking to a Live Person at Experian (After Hours of Frustration)! I figured out how to actually get through to a live agent in Experian’s membership department, and I had to share this with you all because the struggle is real. 😤 Backstory: Someone created a fraudulent Experian account using my info, which means I couldn’t make my own account. The system kept saying I already had one, but the email wasn’t mine…

Can I direct rollover a 401k from a job I worked years ago to my current employer? The last three jobs I worked at 17-19,19-23, and 23-24 all offered 401ks to which I contributed to. After leaving each job I just left the 401ks alone still in the previous employers plans. Now that it’s been a few jobs having all those different 401ks is becoming annoying and I’d like to consolidate down to my current employers. So my question…

My car got repossessed I spoke to the loan company about it and I owe them $1952 to re instate the car loan. However I’m 100 dollars short after I asked my friend for 1,200 and I would still have to pay extra to the tow company for the days that it’s been sitting in their lot since I couldn’t get it out today. Im thinking I will owe them 600-700 dollars since I want t…

£6k credit card debt, struggling to pay balance off and denied balance transfer from major lenders. Struggling to see a way out of debt. Never posted here before but looking for some advice and guidance. I took out three credit cards during the pandemic when I had just finished university and the job market for my profession was volatile at best. I have since amassed just under £6k debt. I am currently making the minimum payment each month and can’t see an end to this due to oth…

Should I sell stocks to pay down car loans? Currently have 2 car loans: Owe $4000 at 6.4% on Car 1 and $24000 at 8% on Car 2. I have $7500 in stocks and $20000 (5 months expenses) in savings/emergency account. Should I go ahead and pay off Car 1 without touching stocks/emergency fund or should I pay off Car 2 by selling stocks and using most of the savings? I’m also saving around $1000 a …

Using a Balance Transfer CC to avoid interest I’m about 2 years into my 5 year car loan with a remaining balance of $10,000. My monthly payment is $449/month with a 8.5% interest rate (astronomically high, I know). Simple math tells me that if I paid that for the next 36 months, it’ll cost me over $16,000. I’ve been thinking about using a balance transfer card with a 3% balance transfer fe…

HSA rollover purgatory – advice needed So as a good person, I have HSA with about 30k on it from previous employment. My current employer offers the same, with the same custodian wex. I got new wex hsa acount and put about 10k in there over last 2 years. Apparently the accounts cannot be merged. Fine. I ended up paying fee for having my old account. Now the current employer switched …

401k max first, then Roth IRA for early retirement? Roth IRAs are regarded highly for good reason. But in the case you are a high earner, why would you put any money into a Roth IRA instead of putting it all the retirement money you invested into the 401K? Because when you retire you will almost always be in a lower tax bracket (before SS even hits), and there are a few ways to withdraw from the …

Help me understand our Mega Backdoor Roth situation My wife is starting a new job, that has a 401k plan that (per my understanding) allows one a type of Mega Backdoor Roth contributions. Our personal financial/tax situation: We will both likely max out our (regular) 401k contributions and HSA contributions We will also max out our Roth IRAs (via backdoor Roth IRA. We have no other funds in non-R…

22 Y/O w/ 80k saved planning future Hey all, I have just around 80k saved up and my total gross salary is about 80k/yr. I max my Roth IRA and put 5% into my company 401k, and am matched another 3%. I live at home so have zero expenses except for my car which is negligible. 50k+ of my savings are in a money market account earning interest and the rest are invested into the vanguard…

Capital One paycheck Technical Issues Anyone else having issues with getting your direct deposit with capital one 360 checking right now? I was supposed to receive yesterday. submitted by /u/Secure_Mail1055