Unemployed, live at home, 29, caretaker for well-off parent, how to get my life together (financially)? I have a weird and unfortunate situation and am looking for broad as well as financial advice. I am 29F, I have a bachelors in psych, always thought I’d go to grad school… my mom died in college and it sucked. My dad developed psychosis six months later. His delusions revolve around money. He believed there was no money left and we were destitu…

What should I do in my current position to be financially wealthy in the near future? I am a 25 year old Male living in Auckland, I’ve dealt with a lot of life’s struggles and I know they probably won’t end anytime soon. So currently i have saved 80k and I still live with my parents, paying rent of course. I don’t have many bills and my family provide food and help me out a lot. I make around $1200 a week after tax. I want to be …

Planning financially when an aging parent lives with you. After my mother died, my father moved in with us (age 72). I want to preface by saying we wanted him to move in with us, we all get along and he contributes how he can to household. He has a part time custodial job and he helps us out with childcare. He’s financially independent in that his small income and social security helps pays his own bi…

Where should you be financially in your mid to late 20s? I’m 26F and feel behind financially compared to some of my friends. I went to an extra year of college to get my nursing degree (changed majors), which took away a year of income plus saddled me with an additional $40k of student loan debt. I don’t regret it because I absolutely love being a nurse, but I can’t help but feel anxious when some of …

Is it financially (and for my own self) worth leaving where I live now? I have always been frugal. When I was a dirt broke college senior I had about $10 to my name. I worked in college part time but with medical bills and tuition, etc at the time I was always broke. My grandparent offered to let me live there and pay a little in rent to rent the spare bedroom with its own bathroom. That was about 9 years ago. I am …

Helping a parent financially My mother is turning 60 this year. She has made so many sacrifices for my brother and I in her life, which included financial support. I’m financially stable now. My brother still needs help at times. I know my mom hasn’t been able to save much at all for retirement. She told me she has about 20k in her current retirement account. (I’m not sure …

Feeling stuck financially I currently have very little money saved. I make $72K a year but my rent is about $2000 give or take with utilities. I basically use about 1 whole paycheck for rent which is crazy. I haven’t been able to save much money since I was in graduate school. I actually blew through a lot of my savings. I had a lot of expenses and probably poor spendin…

What’s the difference between being financially responsible and being “cheap”? I’ve recently begun digging myself out of debt and paying it down, and I’ve found that I’m now terrified of spending virtually any money, for fear that I’ll buy things impulsively and drain my bank account on things I don’t need. This has me wondering the question I ask in the title. Does being financially responsible mean not spending any money…

What should be my first steps financially after buying first home? We just purchased our forever house. We have zero debt with 50 k in cash and almost 400k combined in 401k plus my pension benefits in 12 years. Ive moved into my second phase in saving where I want to build for our families future. submitted by /u/TommyMeekPickles89

Supporting Aging Parents Financially I know I will need to support one of my parents financially, starting within the next 10 years. One of my siblings should be able to help out with this equally; the other one is unclear. How can I best prepare for this? Put aside money every month in the S&P500? Is there a specific way to save for things like this? Here are the specifics: I a…

Need advice on helping parent financially Recent graduate 2020 and now finally making a good amount of money 2023 just bought a house and plan to progress and propose soon Since 2017 I been assisting my mother with her rent 1400 a month I haven’t lived in the apartment since 2021 Now with planning for proposal and wedding soon and making sure I’m Investing I realize 1400 is a big chu…

What’s the financially smart thing to do with money that isn’t going towards bills? Outside of necessary expenses and purchasing luxury goods, what’s the right thing to do with savings? Invest all of it? Some of it? Should I invest it in basically the same way that I’ve invested my Roth IRA, i.e., a three-fund portfolio? Something else? submitted by /u/Jseegs123

Financially Stable but chronically stressed As the title says, I’m doing fine financially and thankful for that. Where I am: Age:27 Homeowner (25 years left on mortgage) – due to inflation, equity is almost equal to mortgage at the moment so in a really good spot there 115k salary (married, single income) – wife is working on getting her business started to bring in money 401k+HSA – 100k …

Currently financially illiterate I’m a 19 year old college student in India. I am currently financial illiterate. Whenever I hear words like “investment”, “credit”, “taxes” , “stocks” , “budgeting”, I feel clueless. Of course, I know what they mean but I have no clue about the inner workings and how to practically apply knowledge to make more money. Whenever I try to look onlin…

How am I doing? Want to be financially independent by 50. Need advice Hi all, Hoping for financial advice from savvy folks. I am trying to make sure that I can retire by 50, so optimizing investments as much as possible. I didn’t make much money until 2 years ago when I got a big promotion. I was maybe making 75K per year and didn’t have anything saved, lived in the Bay Area, was literally pay check to pay check. …

Help me decide on a financially responsible car I’m looking at 2 vehicles and am trying to decide which to buy. Ultimately I am looking for something that is reliable, good on gas, and won’t case me issues. Car 1 is a 2009 Honda Civic Hybrid. It has a broken glove box, along with some minor cosmetic dings. It has 167K miles, and costs $2500. Car 2 is a 2004 Lexus ES330. It appears to be in …

How am I doing financially as a 24 year old? Despite making decent money for my age I (24F) am constantly stressed about my finances. Growing up, my parents really struggled with money so I’ve been determined to not live that same life. I finished college and now work as a nurse. I know i’m doing ok, but sometimes i feel behind on my finances compared to other people my age since my salary…

How to best prepare financially for law school I currently make almost $100k at my corporate job living with my partner in a MCOL area but will be starting law school in a HCOL area in the fall. My NW is distributed like this: Brokerage: $48k Retirement: $56k HYSA: $50k (I know more of this probably needs to go into brokerage) Checking: $12k I’m contributing 30% to my 401k right now because…

Elon Musk says his posts did more to ‘financially impair’ X than help it Image: Kristen Radtke / The Verge; Getty ImagesElon Musk admitted that his posts on the platform formerly known as Twitter may have financially harmed the company in the long run, in a March 27th deposition made public on Monday by The Huffington Post. The billionaire also admitted to have a “limited understanding” of the lawsuit for which he wa…

Books a financially illiterate person should read? I’m 30 and an idiot when it comes to finances. I didn’t learn anything from my parents and never took it upon myself to really, truly learn. I live paycheck to paycheck and thankfully my expenses are covered for the most part most months, but I want to get out of this constant cycle of stretching until the next check. I don’t have credit card de…