A financial question with minimalism in mind I would like to start by stating how grateful I am for my situation, as I know many are not so fortunate. I’m 27 years old, and my lovely fiancé and I are about 6 months from having the rest of our student loans paid off. We have an incredible income (I’m an ICU PA-C, and she’s a social worker) and we gross about 185,000 annually before taxes. …

Financial Advisor – Do I Need One Hi Guys, I’m wondering, at what point do you feel a financial advisor is needed. For some background, I’m 46 (if that matters), have a 401k, Roth, a little crypto, some savings, sell a few grand worth online every year, drive uber part time… I’ve always done my own taxes but this year it seems like they might be more involved. I don’t really …

Financial Planning to retire in early 50’s 41 M here with a similarly-aged partner and a kid in the US. Started saving in earnest around 8 years back primarily in HYSAs but was slow in contributing to 401k and brokerage accounts till about 5 years back. Annual household income of around 300k (before taxes). Current savings and investments: 350k combined in mine and partner’s 401k accoun…

Best way to invest $10k inheritance for each of my toddlers to give them a strong financial start in life? Pretty much the title. My relative passed away and left each of my children 10K but they’re 3 and 1. Would be great if when they turn 18 or 21 and want to go to school, buy a house, or whatever it is kids will do in 15+ years, they have a little nest egg to do so. Is it a savings account? CD? submitted by /u/wutwutsaywutsaywut …

What can I do to improve my financial situation in 2025 (26 yo)? I (26F) come from a low income household / background where I learned zero financial literacy until I was an adult learning myself. I’ve been working full time for about 4 years, my current situation is: Salary: $86,000 401k: $38,845 Roth IRA: $18,279 Emergency Fund: $5,000 My debts are my car ($29k) and my student loans ($27k). I have $0 credit…

Financial literacy for dummies ? I’m 18 years old and starting uni this year. I have ZERO financial knowledge. ZERO. So can y’all tell me ways I can build that knowledge? Resources I can use and stuff. submitted by /u/CoffeeHeavy6725

Northwestern mutual financial advisor My wife and I inherited money from her dad’s IRA…I had to be put into an account…We eneded up going with Northwestern mutual financial advisor….All our money got out into an investment account…bonds, funds and such….After 4 years, nothing really is growing, they set it to High investments and they keep telling us it’s not a good idea t…

How do I teach my kids to handle financial matters better than my parents taught me? My parents never really taught me anything about finances when growing up other than “be responsible ” I didn’t know how to buy my first car, or budget for example. But worse probably long run I didn’t know how to make the money moves that make you prosperous long run. I’ve muddled through but still not great at it. I want to make sure the kids …

Any Financial Apps I can use to replace my spreadsheet I’m currently subscribing to rocket money (premium) to try and replace my spreadsheet. I’ve been using a spreadsheet for the last three years which starts withy wife and mine combined monthly income and then using basically formulas subtracting monthly debt from there (subscriptions, insurance, mortgage, car loans etc) to keep track of. Overall …

College financial help!!!! I’m a college student and I’m trying to start with a new bank to get my future going. I’m 20 with no credit because my parents rule my finances and won’t let me do anything. I tried Chase and they closed 2 accounts of mine for “reasons we don’t know” and couldn’t tell me why. I don’t know who to bank with and I’m worried I’m ruining my financial…

day 1 of trying to fix my financial life. Hello everyone! I want to use this year in order to get my finances right and I want to see if I am able to document everything on the way to stay motivated. I have a total debt as of today 01/01/25 – $30,267.01 here is a quick rundown on what its composed of. List of all known debt Bank of America = $1342.62 – 3% Klarna = $822.17 – no rate jus…

How poor of a financial choice was quitting my job? I quit my job of 9 years. I was making 68k, a good health plan, and a 4% 401k match. It was very hard on my health and body, and I have wanted to quit for years. I feel stupid for quitting with nothing ekse lined up or even any idea of what I’m going to do. My current living expenses total about 2500 a month. I have 120k liquid savings and about…

Im 27 and I feel like my financial situation is about to ruin my life Hello all, it troubles me to write this as I have gotten myself into this situation But I am trying to figure out my best options to get out of it. I’m hoping that you guys will be able to help me with some advice to move forward and better the situation I have found myself in about 105k worth of debt because of a gambling addiction and poor spe…

Am I being screwed over with my friends financial situation??? I’ll try to keep this concise. I’m helping my best friend out, well, I’ve been helping her and her family for years. She’s married and has two toddlers. And I just can’t wrap my head around why they are struggling as bad as they are given the circumstances so I need help making it make sense. Also we are located in the Midwest where cost if livi…

Financial goals… don’t know where to go from here Hello! I’m a 27M living in a dual income household with one dependent (3mo old). I graduated physical therapy school this year. My wife and I gross $120k & our saving & investing life pretty much just started. We don’t have any credit card debt. We make about 8k per month, rent is $1750 with utilities, two car payments ($682) and other payments …

When to Hire a Financial Advisor (and When to Invest on Your Own) Make sure the value your advisor brings is worth the cost.

What are some good strategies to help set my children up for financial success? In addition to 529 plans, I have opened custodial brokerage accounts for my kids. I told them that for every dollar they put into the brokerage account, I will match it with a dollar. For every dollar they withdraw, they need to replenish before my ‘corporate/household’ match resumes. This is to motivate them to “let the money grow”. They each h…

Need advice on huge financial adjustment Throwaway obviously My spouse makes just over $400k/year. Each bi-weekly paycheck is approximately $12k with $1500 going towards matching a 401k so we see about $10,5/11k every 2 weeks. It’s just the two of us, we’re in our mid-30’s and have no kids. We have been together a long time (15 years) and most of our relationship has been spent trying …

Am I good? Financial gurus don’t think so I live in Texas. I turn 50 next week. Wife is 47. Together we earn 150k gross. House is paid off, worth 275k. Cash cars, no payments. We have 175k in Hysa. 200k in various stocks in etrade. 400k in my 401k. Wife has 145k in her 401k. We will both retire at 60 as planned and then work part time gigs to stay busy. We will take early social securit…

Investing in your mental health can be just as important as your financial health. Sometimes, we focus so much on financial growth that we forget to take care of our mental health. It’s just as important. Investing time in self-care and emotional support can help you perform better in all aspects of life, including your finances. Don’t forget to take care of yourself. 🍀 submitted by /u/YourVirtuaCompanion