Does my father’s monthly contribution to household expenses count as income for us? My father, who is 80 years old and handicapped, moved into my husband’s and my home a couple years ago. Because of his mobility issues, we’re in the process of remodeling our basement into a fully accessible living suite for him. In the meantime, he’s been living in our guest room and paying $2000 per month towards household expenses. That inclu…

Should I use my trust fund for living expenses? I’m 19 (M), currently in my sophomore year of my computer science degree, and it’s gotten harder. I have a trust fund in my name from my grandfather with about $100,000 in it. I currently have no debt, and I use the trust money to pay for school, which totals about $13,000 a year (I got the first year free). I also work part-time to afford the r…

This Is How Much You Need to Budget for Health Expenses Thinking about our healthcare system gets me so worked up, I need to take a hit from the inhaler that I can barely afford. Although I’m lucky to be employed and (mostly) healthy, budgeting for healthcare is still a nightmare. Unexpected health expenses can take a devastating bite out of your budget if you don’t plan… Read more…

Is it normal to not know what the expenses/fees are for whole life insurance? My signifigant other was on a meeting with their financial advisor, for background they are paying $300 a month for one whole/permanent life insurance. They raised the question “how much of my $300 is going to my cash value, how much is going to fees” and the financial advisor simply told them “Northwestern Mutual does not disclose the exact exp…

How does the IRS verifies expenses for a small business Let’s say someone opens a small business and makes $500,000 in sales and has $200,000 in expenses. Can the owner just say the business had $400,000 in expenses to avoid paying taxes? How does the IRS even verify this? submitted by /u/MoreCranberry3

EU E-commerce: Between VAT and Expenses, Where’s the Profit? I’m seriously questioning the viability of conducting e-commerce in the EU. When considering all the associated costs, I’m struggling to see how it can be profitable. There are costs of goods sold (COGS), advertising expenses, taxes, VAT, and the costs of apps/tools, not to mention potential employee salaries. Even if you achieve a 50% margin af…

Need advice – Splitting expenses as a couple Moving in with my boyfriend who makes 3x my salary (gross incomes around 150K and 50K a year) He proposes to split fixed costs like rent, parking (I don’t drive but we might be using his car for vacations etc), insurance, electricity and home amenities amenities based on net income minus all taxes (35%-65%). Other expenses like groceries, eating…

My expenses are dangerously close to my income, and I am totally unable to save. This is a modified version of a previous post. Thank you to those who resolved one of the questions on the last post. This post kind of got away from me, but it has to be said and I desperately need some guidance. I have placed myself in a challenging car loan situation where my vehicle is currently worth less than what I owe. I purchased a 20…

LPT Request: How do I approach my girlfriend about sharing expenses. I (35m) have been with my gf (33f) for about 4 years. When we met I was renting, but looking to purchase a house on my own regardless of relationship status. Since then I have purchased and have been in the house for almost 2 years. The down payment was 100% from me, and the house is only in my name (being that 2 years into the relationship I wa…

Pinterest expenses skyrocket during the second quarter Sales in the company’s second quarter jumped 6% year-over-year, while expenses grew 11%.

I recorded all of my expenses, down to the penny, for 1 year. Reddit PF, where can I improve? Throwaway for privacy. As the title reads- I recorded every penny I spent for 1 year. I averaged it over 12 months to obtain a monthly budget. These are my results: Car $307.17 (includes loan, insurance, oil changes, repairs, etc) Clothes $28.55 (includes some expensive sports bras second-hand that should last a long time) Entertainment $81….

How do my expenses look? Here is the breakdown Family of 3 living in HCOL Husbands monthly take home: $5,900.00 ($118,000 salary. He pays for insurance and contributes 8% to 401k) My monthly take home: $5,700 ($83,000 salary. My insurance is free and no 401k match so I am not contributing at the moment.) = $11,600 total monthly take home Monthly expenses: $2,784.00(mo…

Eye Opening: Tracking Expenses Wow. Literally the most eye opening experience. I kind of knew I was being loose with my spending (especially on food related expenses) but Im often 300-400 dollars over my expected budgeted amount. I had a budget but some of yall werent kidding when yall mentioned tracking spending to create a budget. Time to Crack down and redesign my budget…

Starting from scratch, how do I go about getting my bills/expenses in order? I recently had a change in my life where I am responsible for a mortgage and bills, and obviously any expenses coming after that. I know basics about money but how do I go about starting to consolidate or get everything in order to know how to make proper financial decisions. It seems like a loaded question but I just want everything to be organ…

High School Senior Seeking Personal Finance Advice for College Expenses and Investing I’m about to enter my senior year in high school and have recently started working a job that pays $18 an hour. As of now I have very little expenses so most of the money I make is disposable income. My parents are covering most, if not all, of my college tuition. However, I know my expenses will increase when I start college, and I want to be p…

I can’t seem to escape the random monthly expenses About 4 years ago, I finished my degree and initially started making double what I was at the time. Then 2 years later, I moved into a new position and nearly doubled that breaking into the 6 figure salary range, which is more than I ever thought I was going to make at any point in my life (hadn’t made more than 30k/yr at that point …

Starting my career after graduating, and struggling to cover moving expenses First off, apologies if this isn’t the right way to get advice on this (or wrong flair). I’ve just graduated from college and starting my position this week ($33/hr). The catch is I have to relocate and I have no real way of doing so (relocation bonus of $3000comes in 3 weeks but need an address in the new state to receive). I haven’t been worki…