#cash

Got mail notifying me that the short term life insurance plan my grandpa gave me became whole life. Should I just cash out?

( www.reddit.com )

Got mail notifying me that the short term life insurance plan my grandpa gave me became whole life. Should I just cash out? For context: I’m not really on speaking terms with my family but they recently forwarded me some mail from a life insurance company I had never heard of. It stated that my Early Steps plan has transitioned into a Whole Life plan, and I would need to pay 55 dollars a month to continue using it. I called the company and apparently my grandfather s…

Reddit Personal Finance 356 2025-03-01

$60k in tax debt for 2023, more expected for 2024 – cash out retirement?

( www.reddit.com )

$60k in tax debt for 2023, more expected for 2024 – cash out retirement? Edit for missing info: we did not pay quarterly taxes, the money we should have put aside for taxes was spent – we underestimated taxes by a significant amount. We had a number of unexpected expenses come up – we used money we shouldn’t have to cover it. We never learned how to run a business and unfortunately, we cost ourselves a lot. We should…

Reddit Personal Finance 737 2025-02-23

Any disadvantage to buying a home with cash?

( www.reddit.com )

Any disadvantage to buying a home with cash? I am currently having a home built on land that I own. I am financing construction costs with a construction loan. My plan has been to take out a mortgage on the new home (once it is complete) and use that mortgage (plus proceeds from the sale of my current home) to pay off the construction loan. However, have had some other investments perform…

Reddit Personal Finance 373 2025-02-23

Gnu Cash – for personal finance – setup help please

( www.reddit.com )

Gnu Cash – for personal finance – setup help please Good morning. I am hoping to use GnuCash to track our expenses and in general help with financial planning. I used to use a spreadsheet I created myself, but I want something a bit more powerful. I am not an accountant and am really struggling with double entry accounting. I am UK based. So a few questions: Does the Transfer column just refer to…

Reddit Personal Finance 966 2025-02-18

Has anyone done cash stuffing long term like 5+ years or more?

( www.reddit.com )

Has anyone done cash stuffing long term like 5+ years or more? Hi folks, I struggle with budgeting, especially in terms of credit cards and digital currency. Currently in a lot of debt due to situations outside of my control, but I’m trying to get my way back out of it (like I’ve done before). I had a lot of success with cash stuffing/envelope method to the extend that at one point, I had managed to save al…

Reddit Personal Finance 387 2025-02-17

Cash, debit or credit for large purchase in Europe?

( www.reddit.com )

Cash, debit or credit for large purchase in Europe? I’m traveling to Greece from the US next month and am planning on making a large purchase there (4,000 Euros). What would be the best method of payment to use? The vendor accepts Master/Visa Card or cash. Whether I use my card or currency exchange am I pretty much stuck paying the 3% conversion fee? submitted by /u/SmartAlec1512 …

Reddit Travel 556 2025-02-17

Should I do cash out refinance on my home?

( www.reddit.com )

Should I do cash out refinance on my home? So I got a letter in the mail today that I’m eligible to get 24k in cash or more but my new mortgage laon would be 179k with a 4.49-4.89% interest rate. I’m not sure if it would be wise to put the 24k back into the house (originally 155k loan with 6.75% interest with pmi). I have paid about 8k of the 155k loan currently. Is this a good choice or…

Reddit Personal Finance 863 2025-02-17

Just turned 18 years old and have about 23,000 ILS (6,400 USD) in cash. What should I do with it?

( www.reddit.com )

Just turned 18 years old and have about 23,000 ILS (6,400 USD) in cash. What should I do with it? I’m an 18-year-old male from Israel with 23,000 ₪ (6,485 USD) in cash. What should I do with it? I just turned 18 years old a few days ago, and have about 6,400 USD in cash that I saved over the past 2 years working summer jobs, dog walking etc. For the past 6 months, I’ve learned a lot about financial planning and investing. I’m currently readi…

Reddit Personal Finance 448 2025-02-16

Cash out refi, HELOC, or 0% CC?

( www.reddit.com )

Cash out refi, HELOC, or 0% CC? I’m retired in the US and living in London. My wife is pregnant and we are moving to West Bridgford outside of Nottingham where the cost of living is low and the quality of life is high. We’ll actually save roughly $100 month just from my pension money and her 52 weeks of paid maternity leave, but we intend to work also. I’m going to incur some …

Reddit Personal Finance 760 2025-02-13

Cash out RSU’s from volatile company and reinvest?

( www.reddit.com )

Cash out RSU’s from volatile company and reinvest? Little background. 40yo, married, 2 children. Single income around 90k. Own my home, have zero debt but not much in retirement savings or investments. Current investments: Put 12% in 401k, around 60k in it and 3% in HSA. On top of my 90k I am also compensated in RSUs. The stock has been extremely volatile the past 5 years, the stock has risen …

Reddit Personal Finance 506 2025-02-12

HSA cash funds vs investment funds

( www.reddit.com )

HSA cash funds vs investment funds I have an HSA from an old employer, and I invested as much of the balance as was allowed. However, the remaining cash that I could not move is subject to the $5/month maintenance fee. I do not have a health plan with my new employer compatible with my HSA, so the cash side dwindles and the investment grows. When the cash portion hits zero, will …

Reddit Personal Finance 1.2k 2025-02-11

Switching gears with my budget from cash flowing to sinking funds

( www.reddit.com )

Switching gears with my budget from cash flowing to sinking funds I’m gonna start sinking funds instead of cash flowing because I wanna use all my extra wiggle room to really beef up/max out retirement. That’s being said, what are you doing with extra gas and grocery money? I was thinking about rolling over any extra into a savings account until I get to a certain amount. Same thing with fun money except how m…

Reddit Personal Finance 1.2k 2025-02-08

Keeping cash in SPAXX money market account?

( www.reddit.com )

Keeping cash in SPAXX money market account? So this time of year I have to stockpile some funds to pay my taxes. While doing that, I currently keep it in bank of america or open a CD for it. Speaking with Fidelity who I use for my investing, I can keep it in their account as cash and have it held in SPAXX money market account that currently has a 5% yield and they claim no chance of losin…

Reddit Personal Finance 1.3k 2025-02-08

Trying to cash out and go caravanning.

( www.reddit.com )

Trying to cash out and go caravanning. Hi, We’re from Aus, hoping still relevant. I know everyone has there own stratergies, on either keep mortgaging and keep acquiring properties OR pay off you mortgage when you can and live stress free. I think we fall into the latter category. My wife has her property (we live in) with 394k on a mortgage, we have 177k in a redraw function (to tr…

Reddit Personal Finance 470 2025-02-08