#money

Can I take money out of Roth Contributory IRA?

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Can I take money out of Roth Contributory IRA? So I know I’m someway this sounds stupid but I’m really looking for help. I have this Roth contributory IRA that was opened for me about 4 years ago. I forgot about it and haven’t touched it since then. When I opened it this morning it still had the same amount. Now here’s where it might get stupid. I want to take that money out to pay off some …

Reddit Personal Finance 891 2023-10-21

What to do with some money? (ADVICE)

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What to do with some money? (ADVICE) I’m 19 years old and i’ve saved ~$8000 this summer all sitting in a savings account. I drive a beat down car but don’t want to get a new one because I simply don’t NEED one yet. And my college tuition costs me $90 a semester with no loans. Should I invest a good chunk of my money or even just some of my money or should I just keep saving for som…

Reddit Personal Finance 862 2023-10-18

Is It Enough Money?

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Is It Enough Money? Hey there travel community! I live in the US and am thinking of doing a month long trip to Asia next June. I am tentatively thinking of hitting India, Thailand, Japan, and Seoul South Korea. It will be myself and a travel companion. We are looking at a budget of 8k between the two of us right now for everything (flights, food, accomodation, ente…

Reddit Travel 531 2023-10-17

I don’t know how to spend money wisely

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I don’t know how to spend money wisely I got my first job recently £250 a week and i’ve never had money like that so frequently before i don’t pay any bills only 2 subscriptions for a streaming service thats it but i find it hard to save has anyone got any tips? submitted by /u/Medium_South_7330

Reddit Personal Finance 899 2023-10-16

Pension for less money?

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Pension for less money? If you had a choice between a job with no pension or a secure job that had a pension but paid 30% less then a job in the private sector which one would you choose? submitted by /u/Saxman7321

Reddit Personal Finance 563 2023-10-16

Came into some money, where to go from here?

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Came into some money, where to go from here? 24 single no kids no debt currently renting in a high cost of living area (so cal, just outside of la) I make ~3600 a month between working as a barista and driving for rideshare services, rent is 1240. Have 130k sitting around in a Wells Fargo brokerage account, checks from the state coming totaling ~70k and just sold a family home that I inher…

Reddit Personal Finance 942 2023-10-15

What To Do With Money?

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What To Do With Money? Hi All — I am fortunate enough to be in a position where I have maxed out my roth 401k and am on the final step of the financial flow chart (I think). 3 major questions that I would love to get the communities perspective on. My employer does not seem to have a after tax 401k plan. Can I still do a mega backdoor roth? If so, how would I do tha…

Reddit Personal Finance 903 2023-10-14

Idk what to do with my money.

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Idk what to do with my money. I changed careers from low paying (50k) govt work to private practice, independent contractor (70k-85k). Low cost of living region of US. I’m 50, single now, and my kids are adults. No debt. Huge student loan. I only need gas 1-2 x a month. Expenses about 3-3500k a month 100k in retirement investment account 50k savings Also in social security (…

Reddit Personal Finance 696 2023-10-13

Urgent Assistance Needed: ATM eats my money and Chase don’t recognize my money after investigation.

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Urgent Assistance Needed: ATM eats my money and Chase don’t recognize my money after investigation. About a month ago, I made a deposit of $3300 at a Chase Bank ATM near my home. However, the machine malfunctioned, only providing me with a slip that showed the machine’s serial number without any information about the amount I deposited. And No deposit was reflected in my mobile banking account. I immediately sought assistance from bank staff….

Reddit Personal Finance 161 2023-10-12

Inherited some money – developing a plan

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Inherited some money – developing a plan Three years ago my grandmother died from a covid infection. My mom and uncle (her two children) died years prior, leaving just my cousin and me, both only children. Everything was split evenly between the two of us. We have been unable to sell her house until this week, as she requested that we allow her sister to continue living in the house un…

Reddit Personal Finance 153 2023-10-11

Is any broker offering a decent return while money waits to be settled?

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Is any broker offering a decent return while money waits to be settled? So I am a relatively beginner, buying brokered cds using money I will need in the next year or so. The first lesson I learned is that it takes time for money to settle (sometimes over a week). Today I learned that some brokers might offer a decent return in the money account while the money that is waiting to settle. But I’m having trouble findi…

Reddit Personal Finance 238 2023-10-08

Spend wisely and save money using the “7-Day Rule”

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Spend wisely and save money using the “7-Day Rule” I often find myself wanting things I don’t necessarily need and soon after I get them, I lose interest in them pretty soon. I tried one simple strategy to save money and it worked out great for me on most occasions. It goes like this. If you want to cut down on unnecessary expenses and save money, try the “7-Day Rule.” If you think you need some…

Reddit Personal Finance 145 2023-10-08

How much money should I have in savings

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How much money should I have in savings I recall seeing a plan somewhere that stated you should get to $1000 in savings, next step pay off credit card debt. Would this still be true today with inflation? Would factors like family size l, expenses and income change that number? submitted by /u/sizable_data

Reddit Personal Finance 162 2023-09-29

Your tips and tricks for saving money on flights?

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Your tips and tricks for saving money on flights? Hello, lovely people, I recently moved to the Netherlands from South Korea for work (and am originally from North America). I am loving the opportunity to travel easily within Europe (though I miss the ability to pop over to Japan, or even Taiwan, for a long weekend). Just in the next two months I’ll be traveling to Romania, Belgium, and Frankfu…

Reddit Travel 169 2023-09-26

What type of bank account that prevent me from withdrawing money ?

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What type of bank account that prevent me from withdrawing money ? I’m so new to account meaning etc , I do have a bank account and I have a very huge spending issue and I want to save and lock half of my money into an account that I can’t withdraw from fast , which type of bank accounts can do that but has allowance for emergency withdraw ? submitted by /u/idkdidksuus

Reddit Personal Finance 120 2023-09-26

What should I do with saved up money

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What should I do with saved up money 21m no debt. Got an above average paying job for my country. Because I’m not a big spender and I live with my parents I have saved pretty much everything I earned in the last year. Now I’m wondering what to do with the money so I don’t lose it to inflation. My parents have an old house in not a great condition in the countryside and they offered…

Reddit Personal Finance 253 2023-09-25

I don’t know what, if anything, I should do with my money

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I don’t know what, if anything, I should do with my money I’m 23 years old and soon to be unemployed. I don’t have a driver’s license yet and I live with roommates. The pension is around 500 euros and I would like to start studying next year and find some work somewhere else to bridge the gap to pay the rent. I will have around 11,000 euros in my account at the end of the year and I don’t know whether …

Reddit Personal Finance 223 2023-09-24