#money

Why do I get too much money at an exchange?

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Why do I get too much money at an exchange? Before exchanging my cash to a different currency, I always check the current rate by googling or on Xe. Normally (and logically) you get a little less than that. I’ve had 2 occasions though where I received more money than it was ‘worth’. Example: 100 USD was worth 692 Bolivian Bolivianos (BOB) when I checked Xe, but I received 750 BOB at the e…

Reddit Travel 1.3k 2024-05-15

Best places to store money for 2-3 years

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Best places to store money for 2-3 years I (26M) am in the process of receiving my inheritance, and in a couple weeks time I’ll have a windfall totaling roughly $200,000. I am planning to set aside $100k of this for a down payment on a house, which I don’t expect to need for around 3 years. My partner and I are happy with renting at the moment and we are about to move to a city where i…

Reddit Personal Finance 938 2024-05-15

Grandmother has been scammed out of ALL of her money

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Grandmother has been scammed out of ALL of her money My grandmother was scammed by someone claiming to be a “detective who is trying to protect her” and she emptied and closed all of her accounts and proceeded to write a cashier’s check for the full amount – around $250k. She has early-stage dementia and is not lucid, therefore she believes she did the right thing. What should my next steps be if …

Reddit Personal Finance 574 2024-05-13

Netflix is all about the money, not the members

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Netflix is all about the money, not the members Illustration by Nick Barclay / The VergeNetflix is moving beyond subscriber numbers. In its first quarter earnings results released on Thursday, Netflix announced that it will stop reporting quarterly membership numbers in 2025 because subscribers are “just one component” of its growth. The change comes after a quarter where it added 9.3 million…

The Verge 1.2k 2024-05-13

Money stolen from my hotel room in Vienna

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Money stolen from my hotel room in Vienna I am a dumbass and left 300 euros and 300,000 hungarian forint in my backpack instead of the safe and tonight I found out the cash is gone. I have left cash in an unlocked place in my hotel plenty times before, but i guess this is my expensive lesson. Don’t be like me and always lock your cash in your safe. Such a bummer to an amazing trip other…

Reddit Travel 502 2024-05-10

What should I do with the money?

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What should I do with the money? Hello everyone! I’m a single 30M who makes about 45k/yr. I currently have $15k in my checking and 2.5k in my acorns investing account. I have 2.5k in student loan debt and 500 in cc debt. I was going to take 6 months emergency fund around 12k and put it into a high yield savings account. Then with the other 3k I was going to continue to keep it …

Reddit Personal Finance 657 2024-05-01

Secret to China money…

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Secret to China money… I’m sure some of you know this already but I didn’t so I’d like to share this with those who may not know. Nearly a year ago, I got a sales job at a company selling smart watches along with some other gadgets. They imported their products from China, and I went with my boss to meet with some of the manufacturers. I was shocked at how cheap we bo…

Reddit ecommerce 561 2024-04-22

How do I recover from money trauma

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How do I recover from money trauma Keeping this brief. I 26M grew up in an extremely poor household. I now make 105k a year in a slightly below average cost of living area. My wife makes 45k, our finances are pretty good rn and we have a 5 month emergency fund. Plus we are saving for retirement at a solid clip, increasing that 1% a year as well. I have to spend money, about $1000…

Reddit Personal Finance 1.3k 2024-04-21

I can’t hold on to money

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I can’t hold on to money For being an adult I am absolutely stupid and not fit for it, once again I’m sitting here 10 days before payday barely scraping by. It’s not like I have a ridiculous small amount of money to go by, after rent, utilities and my debts I still have 620 euros. I live alone, don’t own a car. Where do I start, how do I make a budget and stick to it an…

Reddit Personal Finance 736 2024-04-16

What to do with my money?

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What to do with my money? Hi im 23, I have about $50,000 saved in cash and don’t have any debt. I make about $48k a year after taxes and save about 2k per month. I have about 10k in my 401k account and 10% of my yearly salary goes towards it. I know I should have my savings in a high yield savings account and I’m working on that. But I’m unsure if I should be investing m…

Reddit Personal Finance 746 2024-04-09

The Protocol: Using the Money Printer

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The Protocol: Using the Money Printer If you have the money printer – as is the case for many of the blockchain projects with the power to create their own digital tokens – why wouldn’t you use it? PLUS: Vitalik Buterin riffs on meme coin and Ethereum’s new “blob market.”

Coindesk 1.3k 2024-04-07

Advisor says ‘Borrow money’. I have money.

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Advisor says ‘Borrow money’. I have money. I’m buying a new house before I sell my current house. My advisor wants me to use my heloc on my current home (which is at prime -1%) instead of using my brokerage account (invested money, not a 401k or Roth). I’m in a hot market and my house will sell quickly. So, does it make sense to borrow money at 7.5% when I could just temporarily take it …

Reddit Personal Finance 879 2024-03-29

Hired as a translator, am I being used for money laundering?

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Hired as a translator, am I being used for money laundering? Hi everyone, for context I’m 25 and Italian. it’s my first job right after Uni and I was stoked to be hired by a British translation agency to work a remote job. I’m currently doing a 30 day trial with a registered contract and I’ve been assigned some translation jobs. the contract also states that during this probationary period I will provide …

Reddit Personal Finance 832 2024-03-18

Pay Student Loans or Save Money

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Pay Student Loans or Save Money i realized all my loan interest rates are lower than some savings account rates (i.e. Wealthfront @ 5%). does it make sense to pay the absolute lowest monthly payment and any money i was putting into loans to just put them into the savings account? it makes sense in my head but not sure if this is a thing. theoretically i guess it ends when my…

Reddit Personal Finance 709 2024-03-11

Guilt over spending money on vacation

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Guilt over spending money on vacation Hi, I’m not if this is the right sub for this. Please drop any suggestions if you know of a sub that’s more appropriate for this. I’m stressing and having extreme guilt over spending money on a vacation. It’s definitely a splurge and once in a lifetime opportunity thing. I think it’s all stemming from two things: 1) I decided this vacation so…

Reddit Personal Finance 864 2024-03-08

more money = more stress???

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more money = more stress??? Throwaway account. I have never really stressed about money. Always kept a budget, didn’t go into debt, etc. Made a bit below average income for my age group. But this year I started a new job and my income has tripled. I find myself super stressed out most days. I’m saving more than I ever have in my life, reading books about finance, basicall…

Reddit Personal Finance 975 2024-03-03