Financially losing it. Hello all, I’ll try to make this short and to the point. Here’s my situation. I have a maxed out credit card I’ve been trying to pay off for a while. I am between jobs (exiting the military) and going into a job that pays MUCH less. I am divorced with child support. I need to hire a lawyer but only have enough money to retain the lawyer so I m…

How can I financially prepare for my mother’s retirement when she has no savings at 59? My mother is 59 years old and currently earns about $11 per hour with benefits. I have power of attorney over her and manage her finances, which are basically non-existent. She only makes enough to cover her current living expenses, including her $700 per month apartment. I am her only child and I get anxious thinking about her future needs as s…

Feeling overwhelmed about financially planning for my future I feel so compelled to be financially stable and constantly expanding my position and knowing where my life is headed. Also making everyone I meet a connection to land myself a position at a company some day. I’m starting college in the fall and follow a few financial tip and job pages on socials and feel so bombarded to make a life for myself d…

Am I on the right track financially? Soon to be 23M, 54.5k income (closer to 57k with OT) , 2 year degree in finance I just have the worst feeling that I’ll never be able to buy a house, retire healthy, be able to afford the things I want and live comfortably, even though at this current moment I’m not doing too bad. I have about $2.1k/mo expenses I put 10% in Roth 401k from paych…

LPT Request: How to contribute financially when moving into your partner’s house My partner (28m) and I (34m) have decided to move in together. He comes from a strong foundation of generational wealth and is already a homeowner in the Vancouver market (one of the most expensive in North America). I am a lifelong renter who’s been living on my own since I was 16. Because his current isn’t conducive to cohabitation, he has rea…

Is there anything I should be doing differently financially? 23M, making about 54.5k a year in a MCOL, no debts of any kind Associates in finance Don’t really have anyone financially savvy to get guidelines from, or benchmarks. I know I’m doing above average than the usual 22/23 year old, since they are usually just graduating, but I’m looking for advice to further my financial future. My budgeted expe…

Will my wife getting a job hurt us financially? My wife and I are both in our early 30s. We have three kids and live in MN. We are currently on Medicaid (called medical assistance here) and WIC. I currently make $53k a year before taxes, etc. My wife was just offered a job that pays $47K before taxes, etc. That means our gross income will be 100K on the dot, which according to the state websi…

What should I do financially when I turn 18? Hey everyone I’m 17M and want to know what I should do to become financially stable in the future. What accounts should I open, investing things like that. I’m under my mom credit card to build my credit. But this summer, I got an internship and want to open a savings account to deposit 75% of it. My problem is that it wouldn’t be generating any…

Have you ever taken a financially unstable friend on vacation? What happened? Is your friendship better or worse? I want to know has anyone ever taken a friend who was financially unstable friend on vacation? I had an experience where I decided to treat a friend who I thought was my friend to a trip to Las Vegas. This person took advantage of everything started trying to cause arguments between us, or the other friends that attended. Always tried to suggest…

LPT: If quitting a job, only put in your 2 weeks notice if you are financially able to leave that day. Two week notice is only a courtesy, not a requirement. Even if you get along with your boss and you’re leaving on good terms, always expect the day you submit notice to be your last. submitted by /u/xkris10ski

Is it a bad idea to financially plan for a kid? My wife and I are 31. We got married 5 months ago. She wants to have kids now, but I told her we should wait until the end of the year and she understood. We were talking to her parents recently, because we had a pregnancy scare, and her mom basically said, “You are married. Why are you planning having a kid anyway? Life isn’t predicable and the…

RANT: YMMV, but traveling in the USA just doesn’t seem financially worth it Although one might feel this way about many places around the world, speaking just to the USA, despite the various activities available, whether it be food, culture, sports, etc., the cost of travel, accommodations, entertainment, and food in the USA just seems exorbitant nowadays. Two cases in point: -NYC – Many people’s go-to destination in th…

How to prepare for marriage financially Me and my boyfriend have been dating for two years . I am 34f he is 42m. I have some hesitations pursuing marriage with him before working out some kinks, and really need to think about it. However I do want marriage as the ultimate goal in any relationship. He has a job with a pension but talks frequently about trying to find another career as …

New job is allowing me to save ~$3000usd a month. I’m not financially literate I’m 19, always worked for low pay in the past and never really had more than a few hundred bucks to my name but now I’m taking home $4500 after tax a month, with almost no expenses I can save the majority of this income. Right now I have about $8000 sitting in my account. I don’t know much about investing etc, but I want to invest the majority …

I am financially illiterate and need advice I need advice on how stupid I’m being financially. Context: I am working on my doctorate (approximately 2 years left); Age :26; single no dependent Edit: Degree is PhD in the Biosciences from an R01 institution, projected income is anywhere from $80K to $160K. My take home monthly is around $2300, rent is $850, utilities $250 (Electricity,heat,…

Are me and my fiancée as financially screwed as she thinks we are? My fiancée (24F) and I (23M) just bought a home in January and are getting married in a year. She has extreme anxiety about money and always wants to be very frugal with our money (something she takes from her parents) and spend as little as possible on fun stuff. I understand why she’s worried because when we moved in we had about $25k in savin…

Quitting my job to pursue school Full time. Going to be financially independent from my parents and don’t know where to start.. Not sure if this is the appropriate subreddit, so my apologies in advance. So I’m in my mid 20’s and I decided to quit my dad’s company (worked full time for ~3-4 years with a 55k salary). In NY/NYC, this is too low, and I felt miserable working there regardless of pay. My parents are very successful so I know they’ll be fine and can hire someon…

Financially dependent on husband, now getting divorced After a few up and down months, my husband has asked for a divorce. He threw a lowball offer at me to just walk and he said that I would be getting more by taking this and not getting attorneys involved. My mind has been racing because he and I haven’t been able to sit down and actually talk about the next steps forward because he is convenient…

How well am I doing financially at this point in my life? What more could I be doing? I’ll keep it simple. I’m almost 30, married, no kids. Wife isn’t able to work at the moment so it’s just me. Current job makes $84K, I have $25K in a CD account, $3K in checking, $32K in savings. My job lets me get good 1.5x pay OT, usually 46-52 hours work a week. (Wife has $11K in savings) I rent an apartment in a city area for $1500 a month b…

24 years old and in a good spot financially. Just received $10k inheritance I currently have no debt (no student loan, no car payment, etc). I make about $100k a year. In terms of the prime directive, I have my emergency fund created and am currently contributing to my 401K up to the company match (6%). I have a most of my savings (~$40k) in a HYSA as I wait for the housing market to cool down. I would like to buy ma…