#interest

Losing Interest in an Upcoming Trip Because of Friend’s Lack of Interest

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Losing Interest in an Upcoming Trip Because of Friend’s Lack of Interest Hi I have an upcoming trip to Spain which I was so excited about until recently. The friend I’m travelling with does everything except talk about this trip or contribute anything to the planning. When I ask him if he still wants to go he gets shocked and says “of course”. Now, I don’t mind doing the planning. In fact, I enjoy doing it when I tra…

Reddit Travel 537 2025-03-01

Interest charge after paying the statement balance?

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Interest charge after paying the statement balance? So I’ve had credit cards for over 12 years and for the first time because of some unexpected expense I didn’t have enough in my bank account to pay the full statement balance for my Chase credit card. I transferred some money out of my Robinhood but it would take a few days to come in so I decided to pay an amount above the min balance and leave…

Reddit Personal Finance 424 2025-02-18

IRS sent me a letter that says “Statement Showing Interest Income from the Internal Revenue Service”, where does the interest get paid to?

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IRS sent me a letter that says “Statement Showing Interest Income from the Internal Revenue Service”, where does the interest get paid to? I got a letter from the IRS saying “Statement Showing Interest Income from the Internal Revenue Service” which I understand to meant that they owe me money. The total interest was $16.22, but I checked all my bank accounts and do not see this amount anywhere. Where do they normally pay it out to? thanks! submitted by /u/SeparateFly

Reddit Personal Finance 699 2025-02-08

How do I allocate my money with low interest debt?

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How do I allocate my money with low interest debt? I’m 24, I make $70k WFH in NY which after tax, insurance, 401k (6%) is $4k net monthly. My only liabilities is a student loan $3.7k @ 3% and a car note $13.9k @ 3.99% (21’ Honda Accord). I pay $100, $340 per month respectively. My expenses including, car payment, loan, food, gas, subscriptions total $1100. I still live at home with my dad and l…

Reddit Personal Finance 375 2025-02-07

Personal Revelation – how much interest costs us

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Personal Revelation – how much interest costs us Just want to share a personal revelation. This past year I’ve had massive change in how I pay attention to how crappy my family’s personal finances have been. This was all triggered by laughing to Caleb Hammer rant at people for how dumb they are, but then I took a long look at our debts, credit cards and our spending. Got started on paying dow…

Reddit Personal Finance 1.2k 2025-02-05

Compound interest??

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Compound interest?? I understand the idea of compound interest. Making interest from the money accumulated through interest. Here is where I get a little confused I guess. I see people talking about compound interest with stocks. If I buy a stock for say 1000. keep it simple it grows by 10%. The stock is worth 1100. If the following year the stock grows by 10% ag…

Reddit Personal Finance 788 2025-01-13

Lose a 2.99 Interest Rate or Rent it out?

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Lose a 2.99 Interest Rate or Rent it out? Hello, Community of People-who-are-smarter-than-me. Can I get your two cents? Put simply, I’m trying to decide if I should sell a house that I no longer can live in and sacrifice my potentially once-in-a-lifetime interest rate or continue to rent it out. Details are below: Purchased House: 2021 Original Home Price: $648k Left to Pay on Mortgage:…

Reddit Personal Finance 967 2024-12-27

Better to take 24 month no interest debt consolidation loan, or use a no interest balance transfer credit card to pay off $11,000 of credit card debt across 2 cards?

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Better to take 24 month no interest debt consolidation loan, or use a no interest balance transfer credit card to pay off $11,000 of credit card debt across 2 cards? I have $11,000 of debt across 2 credit cards. The interest is making it impossible to get ahead. I’m paying $250/month on each. Is it better to take out a no interest for 24 months loan or use a no interest balance transfer card? submitted by /u/ThrowRAglowinthedark

Reddit Personal Finance 960 2024-12-17

Interest only HELOC $100 minimum payment

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Interest only HELOC $100 minimum payment “The payment will be interest only of the un-paid loan balance during the draw period or $100 whichever is greater” So this is saying $100 payment even when I have a $0 balance? Are these terms typical for an interest only HELOC? submitted by /u/PurpleNachos101

Reddit Personal Finance 549 2024-12-11

Spurs’ Postecoglou has ‘no interest’ who backs him

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Spurs’ Postecoglou has ‘no interest’ who backs him Tottenham manager Ange Postecoglou has said he has “no interest in who is behind me” following an argument with a group of fans after Thursday’s 1-0 defeat at Bournemouth.

ESPN 421 2024-12-07

4% rule, interest and principle

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4% rule, interest and principle I read about the 4% rule for withdraws and how a person could withdraw $40,0000 on an account of one million and probably never run out of money. What I never hear people talk about is drawing down the principal. For example, if a person has one million in an investment account with a guaranteed rate of return (from the brokerage house) of 4%, h…

Reddit Personal Finance 770 2024-12-06