So much debt… little income Well you’ve all seen this type of story before so I want to hear all of your advice on what to do because I’m in a jiffy. We are currently pregnant with our first that’s arriving next month and had tons of fees for that, on top of we took a trip or two before we have the baby as our last hizzaa. Now.. I’m penny pinching every month and basically…

Inheriting money from the sale of a house. Is it considered income for tax purposes? My mother recently passed away and owned a house outright. The sale of the house is going to be split 3 ways between my 2 brothers and me. The funds will be in the range of $180,000 each. Will this be considered income that will be taxable? We are looking for a CPA to advise us on other matters snd this came up in conversation. We live in AZ. …

How should we share our money once kids go into the picture? currently % of income… My wife and I currently share our money by placing 2/3 of any income into our joint acount, and keeping the rest of ourselves – the 2/3 is enough to pay for our lives together, and we use the rest to save, buy personal stuff, for hobbies etc. When we started this out, she earned slightly more than me. My net pay is about 50% more than her, and I…

Is it stupid for me to put all of my extra income to my private student loan? For context I am 25, living at home with parents for the next 14 months (my self set deadline). I don’t hate it at home am happier and have a better mental image of myself when I’m living on my own. I pay them cheap ($500) rent and am living as frugal as possible. I make $95,000 and have $2,600/mo. “extra” after all taxes, 401k, expenses, minimu…

I am unsure if I will need to pay income tax on this or not I am located in Florida (so only federal income tax, no state). I make about $75k a year before taxes. Quick back story: A long time ago, my wife’s grandparents retired and for some reason, bought 4 extra lots nearby. They retired in the middle of nowhere though and those lots are not worth a lot of money. They gave one lot to each kid and each …

Extra Income Hello, I graduated just over a year ago. I’m currently working in a high end showroom as a KBB Designer. I would like to move into commercial and earn more money eventually but I’m happy where I am for the moment. Has anyone got any recommendations of using my skills to earn extra money? I already work full time. Was thinking a couple hours a w…

What to do with Roth IRA if projected to hit income limit? I haven’t been good about consistently contributing to my Roth IRA so it’s very small right now (~3,300) but I’m in a place now where I could max it. I will never hit the income limit to contribute if I stay in my current line of work, but when I marry my girlfriend we are projected to hit the income limit with our household income. Not totally …

Is there any reason not to put 100% of my W2 income into the 401K? I have been self-employed my whole career (I’m 60) and have a SEP-IRA as well as an investment account and a HYSA. I don’t have plans to retire, but I am thinking of working fewer hours once I am done putting my youngest child through college in two years. For several years I have been teaching one class as an adjunct professor. The college doe…

Any ideas on what to do with this extra income? I have my final payment on my personal loan on 8/10. After that I’ll have an extra 561 per month. I currently work 2 jobs, one full time and one part. Have traditional 401k’s at both that I match to get the 100 percent company match, and have withdrawals set up from both jobs to go a Roth IRA to get to the yearly match. What investing would you …

Is it possible to escape my parents with this spending and income? My income is $38,788 and after 1 year will be $43,397. Plus $5k bonus after a year. About $1,137 after tax bi weekly. My spending is only my car which is $360 and insurance is about $340. Health insurance is $100. $50 for my cats. Gas about $100 I don’t eat out since I meal prep everything. Other than $1,050 of set bills I try to not spend anyth…

23 years old, wanting to increase income I make 35k a year and it’s starting to feel not enough as of lately, I’ve been trying to increase this income but I don’t know how to become a valuable person, I want to have a life where I own something (hopefully a House if im able to afford it) but I’m constantly paranoid about the future and its starting to stress me out lately, my Rent is a…

Can I afford a mortgage payment that is half of my monthly income? So I feel kinda dumb for posting this since I will be closing on my first house next month anyway but I am starting to feel a little nervous about it. I live in Houston and I make $75k/year. So realistically I bring in $2000 every 2 weeks after taxes and everything. I got my house for $220k and put a down payment of 3% so my monthly mortgage w…

Roth IRA income limits are for AGI, right? We maxed Roth IRAs earlier this year and just had a big income increase. If we make enough traditional 401k contributions our AGI is below the Roth IRA income phase out limit. That counts right? submitted by /u/Firm_Bit

I’m looking for part-time jobs to supplement full-time income, do you use your regular résumé? I’m currently a project manager, but with six figures in debt ( school, credit cards, car, personal loans, probably something else I’m forgetting), I am looking to get a part-time job to supplement my full-time income. I’d like to make at least an extra $1000 but would really like an extra two or three. On top of that, I am looking to start a pr…

Hobby thinking about turning into a small side income. Hello! I currently work in a School and have a love for photography. I’ve been thinking a lot recently about selling my photos as prints, nothing major (or any massive sales) but just some money here and there. I’d be looking for a website that I can put my photos onto for people to buy. Does anyone have any reccomendations? I’m a bit nervous ab…

Verifying Income for Credit Card Hello, ​ I’m 21, recently graduated and moving out for my first full time job, and my credit score is 760+. I applied for a Bilt mastercard since I want the 1% points on rent. After not hearing back from them for 2 weeks, I call and they said they sent an email requesting income verification that I never received. The only form of verification t…

Best side gigs for secondary income I make a decent salary (85k), but I have a number of expenses (won’t go into) that come out monthly that is causing this salary to not do much for me. I work remote twice a week. I have time to do more. What are side gigs you guys have had success with to make even an extra $1000 a month? submitted by /u/GlenBallsFan

I’m considering opening a ROTH IRA, but won’t my income be $0 when I withdraw from it since I’ll be retired? I’ve been contributing to traditional 401k’s in my past 8 years working. I just started a new job with a significant pay raise (going from $63k to $100k LCOL) and I’m considering opening a ROTH IRA and maxing contributions and only contributing 4% to my 401k. No 401k employer match, they contribute 8% to a pension fund. I understand the differe…

Are my daughter’s student loan payments to me taxable income? I’m in Ohio, USA. When my daughter was going to college I took out Parent Plus loans for her to assist in covering the cost. Our agreement was that when she was financially able, she would take on paying those off. As we near the restart of student loan payments, she’s ready to begin making her portion of my monthly payment. (I still am working…

Does Debt to Income Ratio significantly impact mortgage interest rates? My SO and I are applying for a mortgage. The bank gave us an interest rate and when we were looking over the final documents, in the credit section we saw a credit card with a large amount of debt and a minimum payment that was almost 3-4x the rest of our cards (We do not have any debts apart from monthly credit card use which is paid in full ea…