#finances

Thoughts on taking a year off from investing just to reset finances? Will I be okay in long term?

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Thoughts on taking a year off from investing just to reset finances? Will I be okay in long term? So here’s where I’m at 34M and 36F wife and 3yo child. MCOL to HCOL area. I work, wife stays at home with kid. That’s our plan until she goes to school My income: 235k with usually some type of bonus. Just started making this much 2 years ago. Previously at $120k. 1st year bonus, company did well and I got $50k (pre-tax) and this year I’ll get…

Reddit Personal Finance 1.1k 2025-02-28

Combining Finances Advice

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Combining Finances Advice Hey everyone, so I’ve been engaged for a while and getting married later this year. I recently just combined checking account with my fiancé. He transferred everything over to my checking since I bank with a better company. We decided to keep separate savings. I have significant more amount in my checking/ savings and When I made him an authoriz…

Reddit Personal Finance 568 2025-02-21

What steps should we be taking to protect ourselves and our finances now that the CFPB is being dismantled?

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What steps should we be taking to protect ourselves and our finances now that the CFPB is being dismantled? Title. Now that the CFPB is effectively being neutered, it seems like any fraud, bank errors, etc all fall on us as consumers. What are the best steps to protect from the consequences of this? I’m just imagining how devastating it would be to have someone pull all the money out of my account, then be effectively told “we’ll get around to it, but…

Reddit Personal Finance 966 2025-02-21

Any free or cheap software for personal finances?

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Any free or cheap software for personal finances? I am looking for a good free or cheap budgeting software that I can use to really get a handle of what my husband and I are spending our money on. Hopefully something where I can upload bank/credit card statements etc. I want to really drill down different categories of purchases. Appreciate the recommendations! submitted by /u/Atimeforev…

Reddit Personal Finance 464 2025-02-17

Single moms after a separation, how did you plan and adjust your finances?

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Single moms after a separation, how did you plan and adjust your finances? I’m looking for advice and planning tips for this life event. I’m not seeking spousal support, however switching from a dual income to single income for supporting the high maintenance marital home that’s in my name and will hopefully continue to be. Where does one go to for advice? Outside the internet? I wasn’t money minded while married but n…

Reddit Personal Finance 352 2025-02-17

Pregnancy, Partner & Finances

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Pregnancy, Partner & Finances I’m (27F) pregnant by my long term partner (29M) of almost 10 years. We rent together, split bills etc I’m self employed and suffering badly with HG in my pregnancy, throwing up 60+ times a day and it’s got to the point that I’m not able to work or earn my own money. I’m faint & dizzy constantly My partner is looking to buy a house, I have mon…

Reddit Personal Finance 663 2025-02-12

Managing my mom’s finances post divorce

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Managing my mom’s finances post divorce Hi folks! Looking for some guidance for how to support my mom while not fucking myself over. My mom is finally getting out of a 40 year emotionally and financially abusive marriage and is currently in the process of divorce. My father has been hording money for decades and mom is likely to get half a million from him in the divorce. My mom has…

Reddit Personal Finance 323 2025-02-04

Grandmas finances are a mess

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Grandmas finances are a mess I’ve been learning about finances the past couple of years since starting my career (21M), still living with my mom, brother, and grandmother. Last November, I found a delinquent Medicare bill for my 81-year-old grandmother, over $10K in unpaid premiums, threatening to cut off her coverage if not paid. My mom and I scrambled to pay it, but the s…

Reddit Personal Finance 910 2025-01-30

Rebuilding Finances after Addiction

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Rebuilding Finances after Addiction Hi folks! Like the title says, I am in recovery and doing better than I ever have after 10+ years struggling to get clean. I’ve done a number on our finances multiple times, but the m I’ve had several major treatment breakthroughs and finally just know in my bones, in my heart and soul, im ready to be done. The previous few times I always still…

Reddit Personal Finance 724 2025-01-26

Graduating college soon, want to get my finances figured out

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Graduating college soon, want to get my finances figured out Hi I’m trying to get my finances in order, just got a job this month after 5 months of unemployment. Info ab me: 21M college student in CA, live at home so no rent. I just started a new job this month, making $23/hr(32hr per week), and this summer I’ll be making >$40/hr full-time. I’ve had an IUL for the last 3 years, which I put $280 a month in…

Reddit Personal Finance 902 2025-01-24

How should I handle my finances to become financially free?

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How should I handle my finances to become financially free? 24/F I currently have a Chase Student credit card with close to $4000 in debt, which is overdraft and just keeps getting interest charges; I have close to $12,000 worth of student loans. I also have $8,000 with a collections company from a lease 4 years ago during college, but I could not move in due to COVID-19 shutting down my school. However,…

Reddit Personal Finance 1.1k 2025-01-20

Getting married – I have a few questions about combining finances.

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Getting married – I have a few questions about combining finances. I’ll try to make this short! I’m getting married this May and we plan to have a hybrid method when it comes to combining our earnings. We will have a joint account that a portion of our income is automatically deposited, and the rest will go to our individual accounts for personal savings & personal purchases. The majority of our money will go i…

Reddit Personal Finance 676 2025-01-19

What programs do you recommend to track finances?

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What programs do you recommend to track finances? I’ve been using Quicken for a couple decades. It was fine before it became subscription based, and I sucked up for a few years but now I’m just done with it. Their app is absolutely useless, and when I logged onto my PC last night, everything is gone. It supposedly backs up automatically, but the most recent backup I could find is from 2023, so …

Reddit Personal Finance 832 2025-01-15

How to get finances in order when parent dies?

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How to get finances in order when parent dies? My father passed away this morning. My mom is not involved in their finances. I know my dad had a lot of debt (mostly credit cards, but they still owe on the house, the car, and he has a lot of medical bills). Do I need to hire a lawyer to help us sort this out? What kind of lawyer? I don’t know what she is going to be on the hook for. I don’t …

Reddit Personal Finance 584 2025-01-12

About to go to college, worried about finances

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About to go to college, worried about finances Im 18M getting ready to go to college this year. Due to rigorous academics, sports, and clubs. I was only just able to get a job. I also don’t have a bank account just a Venmo card. This is, a little, discouraging for me, but as I’m finally starting my first job I want to be as prepared as possible. Does anyone have any advice on budgeting/lite…

Reddit Personal Finance 645 2025-01-06

New to the US workforce and trying to figure out our finances

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New to the US workforce and trying to figure out our finances My wife and I recently moved to the US and are starting our life here with the goal of staying long term. I have just graduated from my master’s program and I am making 127k/year as base salary. Bonuses are an additional ~20-30k/yr depending on company performance (not included in the budget below). My wife is currently pursuing her master’s pro…

Reddit Personal Finance 580 2025-01-05