Need advice on how to improve my Finances and help make my money work for me Hey yall, Im 20 years old currently working a restaurant job. I currently have 40k sitting in a roth ira, 26k in a brockerage account holding a core position in fidelity’s fund earning 4-5%. And about 15k sitting in my checking account which isn’t earning anything. I feel like i have a good opportunity to re utilize my strategy and potentially b…

Not having kids because of finances When I say this I get hateful comments. Which really baffles me, because it’s a personal choice. But people get irate. “YOU’LL REGRET IT!” Yada yada But I’ve received so many insults for choosing not to have kids. From, “you aren’t a real woman until you have kids/it’s god’s purpose for a woman/ raising kids and having kids are 2 different thin…

managing your finances when starting out Hi everyone, how did you manage your finances when you first started your business? did you make a spreadsheet? if so what metrics did you find was most important as you went along. If not, did you use a service that already exists? submitted by /u/Nirohs

I need help with managing my personal finances – what should I be doing? Hello, I’m a 26-year-old woman living in NYC. I work at a big law firm as a business professional and earn an $87k annual salary before taxes. My rent is $1,959, and I’m the sole income earner in my family. I take care of my mother, who can’t work due to mobility issues, and my brother, who’s in medical school and covers his expenses with studen…

Should I sell my investments to pay off my car loan or readjust my finances and keep the investments? Hi! I am far from a financial person so I would like all of your help on this! I am trying to figure out if it would be better financially to sell my investments in order to pay off my car and then use the additional monthly income to rebuild my investments (or add to the savings). Or to keep them and re-budget money to pay off the loan faster. …

Help me maximize my finances!? Hey Personal Finance! I’m needing help to make sure I’m (35M) making the correct financial moves for mine and my wife’s (30F) future…We both have steady incomes and have both been employed with our companies for many years. I’m a car guy and always have been. It’s more than just a hobby to me. It’s a passion and has made me A LOT of money over t…

What can people do to boost their finances if they get laid off? I make a decent amount of money. In theory if I had np debts id be able to put away a couple grand a month into additional retirement funds and emergency savings. But a couple ago I kinda got screwed over by family members and and ended up racking up so much debt. It’s taken a couple if years to get to the point where I’m not in the red anymore…

37 and trying to get a hold of my finances, especially retirement savings. Is the rule of thumb, “you should have “x” times your currently salary by your age” an outdated practice? I’m work within the field of public education and the entry pay is less than ideal. I had to scrape and claw to get where I am at currently with my current salary. The biggest gut punch is that the school district does not match a portion of…

Moving out personal finances I’m looking to move out sometime soon, I’ve been looking at rentals, rent to owns and a few mobile homes that look relatively affordable. But I don’t know the first thing about any of this. Where do I start? Im mostly concerned about money, I don’t want to have to live paycheck to paycheck. I live in the Youngstown area of Ohio and am planning o…

A look at my finances. Like some advice for improvements. So my financial life in a nutshell: 30 y.o., roughly 40-45K income in SC, $50,000 cash saved up (not savings account, just stashed away), $27,000 in combined 401k from former and current employer, about $18K in main checking account. No loans or debts. For me, i always thought of money as “either save it or spend it”. I’ve never even focused muc…

35 bad finances because of mental illness and addiction So I am posting this to see if I can just get a sense of hope. I know there is hope for me since there have been people who have gotten out of worse circumstances. I think I just need some validation because I tend to panic about the future and make everything worse. During my late teens to about 33 years old I was dealing with a few mental ill…

How to improve my finances ? I have a really bad financial situation . I’m 31 with I lost my savings because I got sick and couldn’t work for long time . I have 6000$ debt . I don’t make a lot of money very low actually. I’m getting paid 27$ an hour for 27 hours a week and 60$ an hour for 3 hours a week . How can I improve my finances ? I really want to go back to school a…

Separating finances after sharing My husband (36) and I (32) have been together for 4 and a half years and have been sharing finances since the beginning – as in, all paychecks go into the same bank account and all money spent comes out of that same bank account. Over the last couple of years, I’ve been more interested in financial wellness and have been working on becoming mor…

Unemployed, stressed about finances don’t know where to start I guess I’ll just write my whole story because I don’t know where to start. I got a BA in history in 2011, went abroad to teaching English as a foreign language in China and elsewhere for 7 years. I came home in Nov. 2019 for back surgery to remove a tumor in my spine, it ended up being a lot worse than expected and I’ve struggled since then to …

Young adult personal finances Hello everyone. I’m currently make 6 figures as a 22 year old that graduated and work in tech now. What should I focus on and do. Want to make sure I maximize and start early I’m doing the basics like going to max out my Roth IRA for the year. I haven’t started my 401k match as I just started about 2 months ago and year is about to be over so I …

Just checking to see if I’m doing the right thing with my finances. Mid to late 30s living with my parents. Didn’t start working until very late in life. My goals are to have enough for a car and a down payment on a home, and to establish long term plans. I make $75k per year. I contribute the max 7% match, and very recently dedicated 7% to 457b and 3% to HSA. I have $32k in a money market fund, but only a few thousand dollars in personal investments….

Newbie ready to turn finances around I’ve ran across the idea of wanting to become more financially independent. Me and my wife have a joint bank account, we both get our match in our 401k. We combined have 1.4k in credit card debt, We have a mortgage with about 141k left on it, 16k in student loans and 47k in financed cars. Trying to get out of this debt, has been rough (OBVIOUSLY…

How to get my finances together at 23. Hey everyone. I have recently been getting into budgeting and saving but I know the feeling will disappear in a few days. I tried this a while ago and just kinda gave up a few days later. I’m looking for advice on what I should do to get my finances together and look to move out. Right now my girlfriend wants to start looking for a rental house …

Advice on Maximizing Savings and Managing Finances Hi everyone! I have very minimal knowledge on financial planning and I need some advice on how to manage my finances effectively. I am about to turn 23 years old and I will soon be working full time as a high school teacher, hopefully by next year. I will give an overview on the credit cards I use, what savings accounts I have open, and how I ma…

On my own, 18 and have no idea how finances work. is there anything I can do right now? I’m 18, and due to circumstances completely out of my control, I have no contact with anyone in my family. I have 13,800 in a checking account and 1,200 in cash. My tuition is 3,000, but college is giving me a place to stay and eat, and so far, it’s my best shot at not being broke forever. I have another year here. What financial things can I do…