#cash

Should I use a 0% interest credit card offer to prepay for a vacation that we definitely don’t have the cash for right now in order to see my dad and grandparents?

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Should I use a 0% interest credit card offer to prepay for a vacation that we definitely don’t have the cash for right now in order to see my dad and grandparents? My dad and I live in different countries and I haven’t seen him and my step-sister in ~8 years. We were going to plan a trip to fly out to him a few years ago, but then Covid put that on hold. He’s now planning a trip to the US and we are thinking about flying out to meet him. We would be able to combine this with a trip to see my grandparents, …

Reddit Personal Finance 457 2024-05-17

Divorce. Stay and be house poor? Leave and be cash flush?

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Divorce. Stay and be house poor? Leave and be cash flush? Hello, just wanted to take a quick temperature from the masses. Got divorced in November. House in San Antonio Texas has been on market with little traction. My ex said she’d be willing to let me buy her out. Cost about $15k. I’d figure out how to borrow that or pay her off over a year or two. We have a 3.3% mortgage owe about $275k. Monthly e…

Reddit Personal Finance 1.3k 2024-05-17

Septic hookup project – cash vs loan

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Septic hookup project – cash vs loan My township is requiring all residents within an area to convert from their private septic systems to a newly run sewer system (don’t get me started). The project plus hook up fees is about 20k. I have secured a contractor and they plan to start in the next couple months. My wife and I have the money to pay for this project in full. We currentl…

Reddit Personal Finance 607 2024-05-16

Cash flow Life hack for me: Multiple bank acccounts

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Cash flow Life hack for me: Multiple bank acccounts I struggled with personal cash flow issues for many years. And I can’t be the only one because “balancing the checkbook” is basically a cash flow exercise. For more detail, my struggle was not tracking income and expenses, my homemade excel spread sheet is a great resource for due dates, minimum payments, balances, etc. I even made a sheet in th…

Reddit Personal Finance 1.1k 2024-05-11

New Zealand Starts Digital Cash Consultation

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New Zealand Starts Digital Cash Consultation The consultation paper asked New Zealand citizens to respond on the digital cash design, whether or not interest should be paid and if there should be holding limits.

Coindesk 946 2024-05-11

Buying cash only then getting a mortgage after?

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Buying cash only then getting a mortgage after? Cash only offers can save 12%. I could probably free up the liquidity via margin loans for a few weeks, or simply selling stock. would it make sense to do this than “refinance” – not sure what it’s called in this case – after the fact? Seems like it makes sense if you can make it work. What pitfalls am I missing? submitted by /u/Factory…

Reddit Personal Finance 1.1k 2024-05-11

Should I buy house with cash or take out a mortgage?

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Should I buy house with cash or take out a mortgage? Hi everyone, I am considering buying a home that I expect to raise my family in (at least for the next 5+years) and debating whether to purchase a house in cash or take out mortgage. Any advice is appreciated! We are a mid 30 / late 20 couple, with a combined household income of ~$400k. We’ve been lucky to have saved about $1.1m so far. We are l…

Reddit Personal Finance 1.2k 2024-05-10

Sell house, cash in and buy in cheaper city or … ?

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Sell house, cash in and buy in cheaper city or … ? My wife and I have a teenager, and own a home with a lot of equity. She wants to sell it and buy a cheaper house in a less expensive city. I am willing to do this, but believe it’s a bad financial decision. Numbers: Family makes: 135K/year, (taking into consideration new job for me, been out of work for years) Home conservatively worth 925K (…

Reddit Personal Finance 400 2024-05-08

Help with EE bonds. Should I cash these now?

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Help with EE bonds. Should I cash these now? I have two $100 denomination EE savings bonds bought December 1994 (they were bought for $50 each). I am currently at a point in my life where having the money from these would greatly help. The Treasury Direct site tells me that if I cash them now, I have $319. However they are not yet fully matured. I would have $100 more if I simply waited un…

Reddit Personal Finance 928 2024-05-05

A place for mom – cash or loan?

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A place for mom – cash or loan? My mom is moving from the Tulsa suburbs to Sun City in AZ to live closer to me, in Phoenix. The proceeds of her 3-bdrm Tulsa house will be about $230k. (She owns it outright), and the buying power of $230k Sun City will require her to settle for something much smaller,older and out dated. (If you’re familiar with original Sun City, she really li…

Reddit Personal Finance 1.0k 2024-04-29

Keep the cash or pay the debt?

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Keep the cash or pay the debt? Question for you all: If you had ~$3500 in checking and ~$2000 in credit card debt (14% interest). Bills paid, solid savings and retirement etc… Are you paying the cc debt off in full? Or keeping the liquid cash and paying the debt off over time ($500 per month, barring the CC being swiped again)? What’s your take? submitted by /u/TonyTar…

Reddit Personal Finance 560 2024-04-28

Is it smart to keep a lump sum of cash ?

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Is it smart to keep a lump sum of cash ? Is it smart to have a lump sum of cash? I’m terrible with my finances but I like to keep a couple thousand in the bank and a couple thousand cash and live broke for now while I’m still in a building stage in life after a separation is this smart ? I tend to mess up banks simply because my money comes lumpy and not super consistent . Would just …

Reddit Personal Finance 887 2024-04-28

Car loan at 3.9% worth it or cash purchase?

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Car loan at 3.9% worth it or cash purchase? $30k out the door on a 2024 civic which includes tax, reg, and fees. I’m approved for 3.9% for 48 months with a $20k down payment but I do have the cash to buy the car outright. Given that my state tax exempt money market gives me 5% right now, wouldn’t it would make sense to take the loan and possibly put less money down to pocket the interest…

Reddit Personal Finance 1.2k 2024-04-26

Mortgage or pay cash?

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Mortgage or pay cash? Personal finance advice needed. I am moving from a Midwest town to Austin in a few months because of my job. I want to buy a house in Austin and the house I like is of about $500000. I have about $150,000 in cash in my savings account and about $200,000 in stocks in Robinhood (where I have stupid stocks, this account is in huge loss). I also hav…

Reddit Personal Finance 1.3k 2024-04-21

Is a property only accepting cash a red flag?

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Is a property only accepting cash a red flag? I booked an apartment in Napoli a couple of months ahead on booking. The reservation was non-refundable, and there was some information about how the payment will be made in advance. I also had to put in my card details. However, something I didn’t notice was that the host only accepts cash payments. Do you think this is a red flag? If I just ha…

Reddit Travel 1.0k 2024-04-14