trying to become financially literate hi everyone- I’m freshly 20 and trying to figure out the best way to learn about finances/become more money-savvy. I’m currently in school, and have taken out student loans. I got my first credit card a week ago, and I’m hoping to lease an apartment soon.I have some savings but not very much. my parents have always had trouble with money and I …

I am financially illiterate and need to know what kind of account to open Hello. I came into money and it is not never work money but it is a substantial amount. I have so many relatives that I know will come asking for handouts and I know my parents will try to guilt me into it because we had so many financial difficulties when I was growing up with them helping all the people who were blatantly using them for money …

how do i become financially stable hey everyone, as an 18F i want some suggestions on how to grow money and build enough money to buy a house when i’m 25. i know its a bit hopeful but, i dont have any uni debt bc its paid off, and i have about 15k in investments. how do i stay on track for buying a house. i also work part time as a student, a rough annual salary of 10k to 20k. …

Roth IRA questions from a financially illiterate college student I opened up a Roth IRA account about 2 years ago and I have put money into it, but is it true you have to invest that money? It’s not done automatically? If so how do I goa bout knowing which accounts to invest money into, some accounts have a minimum of $3000, but was I supposed to max every year and then invest after maxing out? My max a year …

My partner’s friend from high school (and our own gullible stupidity) ruined us financially. Help/productive advice is welcome Debt Disaster Hi all, I’m making this post hoping for some (any) advice, or to see if any of you might be kind enough to point me in the right direction. My partner and I got scammed. It all began when he started working with one of his friends from school. This guy claimed that he had been super successful with online stores and real estate (h…

I’ve been unemployed for a year and a half now. Am I financially screwed? context: When i was 26 I moved from a small town to Dallas,TX back in 2022. I was working remote for a tech company. I was unexpectedly laid off in April of 2023. I was given a severance package and unemployment so I told my self stay in Dallas and try to find a job. I ended up signing a new lease for a year, telling my self that i would find so…

Im financially illiterate, how do I getting started? I’m 30 years old and married. My wife and I both came from families that don’t have much. Neither of us have ever really been taught how to budget or invest or anything like that. We have done ok so far by hard work and generally not being irresponsible. But, recently I’ve had the sudden feeling that I’m really far behind the curve. In my 20s we…

Need advice on financially protecting myself and starting over Any advice? Starting over Need to create a safety net… Hi, I would def appreciate any and all advice. I 34f have been in a 10+ year relationship (not married) and have 3 kids. Throughout those years I went to college and got a bachelor’s degree and work a full time job. He hasn’t completed his GED or held a job for longer than 6 months at a ti…

In-laws are Financially Irresponsible and Siblings are No Help I’m sitting here next to my very frustrated husband and wish I knew how to help so I’m here looking for some advice. We (39F & 46M) are comfortable financially. We aren’t wealthy but we live in a nice home that’s in a good school district for our four kids, and don’t have to worry about bills getting paid. My mother and father in-laws however a…

What do you do after you have your “life together” financially? So let’s say you have your house (with a mortgage), and a career. You’re a family of 3 and the annual income before taxes is $105,000. With a good budget. What’s the next step in life to create more money. I’d like to start a small business, and learn to invest. I don’t know if investing is worth it with such little to invest. But I went to col…

I received 5,000 dollars from my grandmother. What’s the financially responsible thing to do? My grandma passed this year and she left some money to all the grandkids. She grew up during the depression so she saved every penny but as she got older became too old to spend it. She wanted us to use the money to do something we always wanted to do like take a trip, learn a new skill, or buy something extravagant. I want to respect her wishe…

How can I become financially independent from my father Hi everyone. I’m a uni student F18 and a daughter of a retired navy veteran. Currently we bank with USAA and the truth is that I’m not really sure how to navigate this issue. I’ve been working since I was 15 and even before then my dad has stolen over thousands of dollars from me. Not only does he do it to me, but he does it to my sister, who is…

Financially literate 2025! There is nothing less attractive than someone who is financially illiterate. I am him, he is me. I have 120k in savings, I’m on an income of 42k a year and yet I’m a fucking idiot when it comes to being financially literate. I would love to learn how to spread sheet, where I should be putting savings into the highest interest earning account(s),…

3 hour commute total to stay living at home – is it worth it financially? I’ve been offered a job that’s approximately a 1.5 hr commute each way. No cost of public transport since my country currently has basically free fares. If I did the commute, I would be able to stay living at home with my parents and pay little to no rent. Alternatively, I can move closer to the job, and have a 10 minute commute but obviously ha…

I’m financially illiterate I have been so blessed to have my debt written off by a family member who got a bonus way higher than they ever thought. I am so grateful. It was just over £10k… but in credit card debt. Insane, I know. But, how do I go forward? I don’t want to bs myself and pretend I’ll never buy anything again, because that won’t happen. I’m not really sure …

24 and stuck financially So, I’m not sure what to do or what the easiest & quickest way to get out of my situation would be: I currently owe $12,600 on my auto loan (23.25% for 5 years at $436 per month) but the vehicle is only worth about $5,000 I owe $2600 on an extremely high interest credit card My credit is hovering right around 640 and I have been completely unabl…

I have financially ruined myself I work full time and make about $54k a year. I am looking for another job that I can work overnight but the market is terrible right now. I’m so embarrassed typing this but I need help. -I have about $54k in student loans for a degree I cannot use. I will have my BSN but I have a pinched nerve that has rendered me more immobile than my weight ev…

36, financially comfortable but tired of the rat race—What would you do in my shoes? Hey Reddit folks, I’m a 36-year-old tech professional living in one of Germany’s big cities. Over the past 8 years, I’ve managed to stash away a decent sum—around €350k through investments, mostly ETFs. I’m even considering dabbling in crypto, kind of like eyeing that mysterious leftover in the fridge and wondering if it’s worth the risk. I pull…

How do you stop thinking/caring about money 24/7 while still making financially responsible decisions? I am constantly thinking about money. It is unhealthy and doesn’t make me feel good. I’m a 31 year old male, just bought a house and have a decent job but I’ve always been mentally unstable when it comes to money. I always compare, always get FOMO from anything, and even struggle to appreciate any financial success from others as it makes me fee…

How can I pay for a friend who isn’t as financially independent? I’ve come to realize that after years of saving and hoarding, and maxing retirement accounts, I have substantial disposable income, but many regrets. Every penny I pinched came at an opportunity cost and I suffered a lack of experiences throughout my youth and have a lot of FOMO. Im having a mindset change and I am on track to easily having the …