Do landlords look at net or gross income? Hello! My partner and I are applying for a home to rent – $2,200 a month. I know the general rule of thumb is x3 rent income. She makes 4,700 a month gross and I make 3,500-4,000 a month gross (tips vary). We are submitting our last two pay stubs which has both of our gross and net income. My question is, will the landlord look at our gross inco…

Supplement my income Good afternoon, I know that there are decisions that are very personal, but I would like to hear the opinion of friends. I’m 57 years old and unfortunately I haven’t invested in the past with a view to the medium and long term. I have enough for an emergency reserve in easily liquid investments and I also have around $30000 to invest. What would…

US citizen working in Japan. Wondering what to do with income before returning to America. Finishing my contract in the JET Program in August and currently planning out what to do with my Japanese savings before I return home. The conversion rate from Yen to USD is atrocious ($1 = ¥154) right now and I’d love to not get eaten alive when I transfer the money back. I was thinking of letting the money sit in a Wise account until things…

How much Rent is too much as a proportion or income? TL;DR – take home pay is 10.5k, Expenses include $750 for two auto loans, $250 in student loans, and potentially $1.2-2k in childcare. I’m trying to determine if a $3.3-4.7k in rent is reasonable. During the Pandemic, my wife (F31) and I (M32) moved about an hour out of the city. We found a great place with really low/reasonable rent for our fa…

Getting a second source of income from the internet Hello everyone, so the my story I trying to gain income on the internet goes like this. I tried drop shipping in 2019 for a couple of months, it worked well in the first couple of weeks. But after sometime PayPal started puting my money on hold and I could not withdraw any penny unless the product was delivered to the customer. So I ended up pay…

State income tax refund offset to collections? I recently received a letter that my Ohio state income tax refund was offset to the AG’s office. I called the office line and the automated account balance said I owe something like $5000. I literally have no idea what this could be. Never missed a payment on any account I have and checked all three credit reports, nothing. Haven’t received a le…

Paying off an income tax bill Hey all! Healthcare Marketplace has screwed me again this year. Comments on how horrible our “health care” system is aside, I owe the IRS again (I am still experiencing the setback from owing from last year.) I am still paying off medical debt from years ago in addition to my monthly insurance premiums. I did do the monthly payment plan with th…

Do I need to make income to contribute to my Roth? On my bank account online it’s literally just a “deposit here” button. How do they check? submitted by /u/poetwithout

Opened a Traditional IRA but hit phase-out income limit. What can I do? I opened a traditional IRA with $1k invested before realizing the phase-out income limit to be able to take a tax deduction for those with employer-sponsored 401k/403b plans. I’ve been contributing to my 403b and make above the phase-out income limit. What’s done is done, but are there options to roll it into other accounts without incurring a …

Best way to use remainder of our income between student loans, saving, or investing? Hi all, I’m curious what the best way to use the remainder of our income is. After all bills and expenses are paid (including my minimum student loan payment), we have about $1,100, and we want to use it in the best way possible. I have a minimum monthly payment on my student loans of $197, total balance of $19,500 plus interest averaging 3.67% …

Federal Income Tax Return – file on my own? Last year, as I was thoroughly disgusted with Intuit/TurboTax when I attempted to file my federal income tax return with them, I started to wonder what kind of a challenge I might be signing up for if I were to try and learn how to file my federal income tax return on my own. Has anyone done this successfully? I will likely refuse to give anothe…

What % of your income is enough for retirement Well well well, I saw this presentation at my work this year during benefits presentation. Starting at the age of 20… the value of the contribution of $100 per month for 10 yrs starting at 20yo is equal to contribution of same amount per month for 30 yrs staring at 30 yo when you retire at 65. ​ I made no retirement contribution to my 401k fo…

Pushing income to next year for tax purposes – crazy? California I will be mixing W2 ($155k annual) and 1099 ($90k one off) income soon. I am normally employed as a salaried employee and will be adding a 6 month long contract side gig. What I’m really interested in is whether I should take some of the 1099 pay this year ($35k) or push all of it to next year. I could take the $35k for “this year” o…

“You should do a Roth IRA if your income will be higher in retirement” — What does that mean? Retired = not working, so wouldn’t you have no income? This is the first sentence of every article on roth vs traditional IRA. It never goes into more detail. It just says to consider whether your income will be higher or lower “in retirement.” There are so many ways to interpret that. What do they actually mean when they say your income “in retirement?” Your social security? Your last job before re…

Counting income received this month for next month? I’m trying out several different budget apps as I figure out what works for me as I find a replacement for Mint. So far, Every Dollar is winning, but I can’t figure out how to make a paycheck for this month count towards next month. My husband gets paid on commission, so we are trying to spend October’s paycheck in November (aging your money, if…

Qualifying for a mortgage with self employment income I run a company that I just started earlier this year. I plan on refinancing my house in 2025 and i spoke to my lender about what he needs for me to qualify on self employed income alone. One requirement is 2 years of tax returns. So that would be my 2023 and 2024 tax returns. My question is: im assuming 2024 will be a full year of self employed…

~40% of monthly income on rent? Is this OK? Hi everyone, I (F22) am living on my own while working my first job out of college. Post-tax i’m making around $3200 a month (not including overtime pay – time and 1/2). Im about to sign a new 1-bd/1-ba place that’s $1355/mo, that’s including utilities and wifi. I currently live in a micro studio. Although it’s an amazing deal ($775/mo, unheard…

How can I save money for an apartment on a modest income? I may be asking the impossible but I’m interested to hear from anyone who managed to buy their own place on a modest income. Some background: I live in France and you can buy a one-bedroom apartment in my city for about 100,000€, although the prices are of course going up. So I’d need at least 10,000€ saved (more when you factor in price increas…

Took a promotion and don’t know what to do with my income I (29M) recently took a promotion to a job that’s full time on the road. i was previously renting and made enough to stay afloat and save a little bit. I took this job and got rid of almost every expense and am not entirely sure what to do with it all now. Current salary is $1865 net bi weekly and $50 a day per diem. monthly take home is roughly…

What should someone with my situation do to handle my income? I make 1.7k$ per month, of which I save about 1.2k. I do not deposit them at the bank, I live in Lebanon, and banks here are not trusted. So I just widthraw all my money and save them at home. Note: I work as a software engineer, and this is considered a high salary in my country. I currently only have 9k in savings. I cannot build a future for …