Paying down debt vs. Saving for a home 23 male, in my first job, current salary $94.4. These are my debts: Private student loans ~$60k balance 5.32% Federal student loans ~$20k Auto loan $25k 2% I have an emergency fund of $18000 in an Ally account. After paying for rent, groceries, gas, 401k, minimum payments for loans, and some discretional spending, I usually have about $1000 le…

34 with no savings and nothing in retirement and some debt. Can I still hope to retire someday if I start now? submitted by /u/Dry-Quote-394

Janet Yellen Calls for Accelerating Debt Relief for Poor Nations Helping the world’s low-income countries will be a central topic as U.S. Treasury Secretary Janet Yellen and other G20 finance ministers gather in India.

Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’ Musk said early Saturday that cash flow at Twitter remains negative because of a nearly 50% drop in advertising revenue coupled with “heavy debt.”

Advice Needed for Getting out of Debt Preface: I lost my job in April, and I’ve accumulated debt. About $8,000. I just got offered one job, an another sounded very interested/spent an hour with me and gave me a tour. Problem is they won’t pay well enough to help me out of debt and stay in my apartment. My financial responsibilities right now are the debt, my $345 monthly car payment…

Is going into debt for law school a dumb idea? Quick background: Currently work in RE finance as a 100% commission based W2. The past few years I’ve made between $150-300k (this year I have made about $150k so far). I am 100% remote and work from home. Problem: Feeling completely burned out with my current line of work. It was interesting when I first started because the learning curve was s…

How should I invest at 34? No debt, stable nest egg but relatively low income, financial IQ very low (but willing to learn) I’ve been pretty stagnant financially in the last few years. I used to put money into some stupid dividend funds that had pretty high management fees (I know won’t do that again, I was in my early 20s and even dumber). I used to work a higher paying job and currently have 249k in savings, 30k in investments, just paid off my mortgage and have 1 …

Emergency surgery with no insurance. Left with a large debt…shocker In November 2022, I had an emergency surgery at my local hospital for an appendectomy. I was hospitalized for approximately 6 hours and did not stay overnight. Much of that time consisted of me waiting for the surgeon to be available. I had no medical insurance at the time because I had planned on having it through my employer, and when I began …

Are Debt Relief Organizations recommended to pay off credit card debt? Why or why not? I’ve amassed a pretty large credit card debt due to some irresponsible decisions and also to try and keep my, now defunct, company afloat. I want to pay off my debt and I’ve heard mixed reviews about using the debt relief organizations. submitted by /u/GlitzBlitz

Help. I think my mother in law got scammed out of her entire life savings and is deep in debt Help. I think my mother in law got scammed for $500000 Just got the news today… shell shocked rn. Apparently she met a man online and he convinced her to invest into crypto with pretty much all the money she had… checking savings 401k. She even maxed out credit cards and loans and she put it all into a “currency exchange”. They kept asking for m…

Skipping annual vacation to payoff student debt? Not 100% if this fits the sub, maybe more of a feelings than finance question, but a bit of both. ​ I’m 25 have $75,000 in student loans (mostly private). I make $100,000 and live at home with my parents, but I do pay them rent and all other living expenses for myself and my dog. I really want to take this year to buckle down and payoff my debt,…

Student Loan + Credit Card Debt Hello friends, I am looking for some advice on what to do about my credit card debt and student loan debt. I have about $34,000 in student loans (private) and $6,200 in credit card debt. My credit score is between 650 and 720 (different sites are telling me different numbers) I make about $33,000 a year. My part of the Rent is $650 Can provide a…

Middle Ground Between High and Low-Interest Debt Background for my question: I’m 33 years old making $125,000 gross annual salary. My income is steady, and I am optimistic that I will make at least that much with incremental increases. I am a single dad with a 10-year-old son. I have around $15,000 in checking + savings. I get an employer match for a pre-tax 403(b) of 50% up to 6%. AKA, I put …

i just gave my mom my whole savings from the passed few months (4 grand) to help with debt and now i dont think im going to get it back i (19m) gave my mom 4 grand to help lower the house debt which is all i had saved up for to get a car and she said she would pay me back in 3 weeks because apparently thats how long it takes to get finalized and im stressing out because i dont know if i am actually going to receive the money back. i am desperately saving at a dead end job so i c…

Should I use the money saved for taxes towards paying down credit card debt? My partner has put aside money for her taxes every paycheck (she is 1099) for the past year. She has about $12k saved, and has just about that much in credit card debt (~$12k @ ~20% APR). She hasn’t filed her taxes for last year so is unsure of how much she will owe after making deductions. I suggested that she use the money saved to wipe out he…

I just realized we’re in debt, here’s the plan. Our family is in a pickle that we discovered this past friday (7/7). I just finished my graduate program after not working for 2 years, we have two kids and my husband owns his own company and makes great money. My graduate program covered a very generous health insurance policy, and with that going away, we need to purchase a market place plan …

Advice on paying cc debt I come to the masses for advice…. So I’m making around 1.7k biweekly so around 3.4K every month (shoutout to California taxes) and my rent is 1.4K leaving with with around 2k monthly. I’m currently 26k in credit card debt from two years ago and finally ready to start taking action to fix my credit. The first plan is paying $900 a month to slow…

Looking for advice on debt consolidation I am struggling. My partner and I own a few semi successful businesses and bring in about 5-6k per month. We live in the southwest and have more debt than I know how to handle. For just our utilities, rent, rent for our businesses, car, food and daycare we’re looking at about $4500-5200 a month so pretty close to our full income for the month. O…

Private Student Loan Debt, can I stop making payments? This is specifically a question about private student loan debt, not federal. I’ve had a friend mention to me in the past that you can stop repaying private student loan debt and it acts like any other debt – falls off your credit after 7 years. Is there any truth to this? With federal student loan payments kicking back in this fall, I’m trying…

Attempt to collect a debt I have a CC with ~$2900 balance on it. I had it fully paid off in March, but I’ve let it accrue over the last few months. No missed payments, ever. Today, I received a letter in the mail directly from the CC company (not 3rd party collections) saying I had to pay my balance (“this is an attempt to collect a debt”) or I could dispute the debt. I …