#finance

75yo mother’s vehicle needs transmission rebuilt – repair or scrap and finance new/used vehicle?

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75yo mother’s vehicle needs transmission rebuilt – repair or scrap and finance new/used vehicle? Hello, My mother has a 2011 Dodge Caravan that had the check engine light come on. It was a transmission code and we ended up dropping it off at a transmission repair shop. She agreed to them removing the transmission in order to locate the issue. In order to fix everything, they are quoting $5000. This feels like too much to invest in an older …

Reddit Personal Finance 200 2023-08-07

I tracked my personal finance journey for 8 months. This is what I found

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I tracked my personal finance journey for 8 months. This is what I found I started tracking my expenses and income 8 months ago in order to get a better picture of my personal finances. This is what I have learnt: 1) Housing is a big expense… Kind of obvious but was not aware that it takes almost 50% of my monthly expenses… It might sound bad but this is because I generally live frugally and I am not a mass cons…

Reddit Personal Finance 221 2023-08-04

Finance Planning for Newlyweds – Looking for Advice

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Finance Planning for Newlyweds – Looking for Advice Hello! Me (28M) and my wife (29F) got married in May and just started planning how we will combine our finances and manage our accounts. Here’s what we’re thinking of doing: 1) Opening a joint bank account with either a national bank or local credit union. This account will be where our paychecks are automatically deposited and will be the used …

Reddit Personal Finance 192 2023-07-31

Looking for an ideally free app for personal finance/monthly budgeting

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Looking for an ideally free app for personal finance/monthly budgeting Hello, I’d like to start tracking my expenses and create a monthly plan in regards to how much I have to spend for food, free time activities, etc. while still leaving up something for saving. To set limits (monthly/weekly) for these expenses so I don’t overstep them. The reason is that I recently started on a new position with a 70% rise in pay…

Reddit Personal Finance 138 2023-07-13

Bay area remodel finance options

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Bay area remodel finance options I live in HCOL Northern California and know the numbers are high. Bought a primary residence in 2020 for 1.8M at 2.5% for 30 years and would like to remodel the kitchen and a few other interior projects, getting quotes for $250k. I expect my home to be worth $2.3M conservatively after the remodel, but will be living in the home full time for t…

Reddit Personal Finance 200 2023-07-11

What’s the most mind-boggling personal finance concept yall learned through the hard way?

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What’s the most mind-boggling personal finance concept yall learned through the hard way? Nowadays everyone around me is talking about personal finance. In fact there are things I didn’t even know existed and never communicated to me neither through any bank or financial institutions. Have yall ever been in a situation financially where you thought “wish I knew this before”? submitted by /u/RealLifeHomer

Reddit Personal Finance 283 2023-07-11

Help with managing finance

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Help with managing finance Hi all, I was wondering if someone could help me with how I handle my finance. A bit of a long read ahead. Currently I work as a Software Engineer for a company/org based in Manila specifically Makati City within Salcedo Village. So my income is on the PHP currency (I’ll convert it to USD instead). My monthly income is around $941.01 (or 51,000 …

Reddit Personal Finance 155 2023-07-05