If someone comes into some money and wants to put it towards their retirement, is it the best option to increase 401k contribution and live off the money instead? This isn’t my situation, but something I was thinking about. Let’s say someone is maxing out an HSA and a Roth IRA, and is contributing up to the company match on a 401k. They come into $10k and want to invest it long term for retirement. Is the best option just to max out their 401k from their paychecks and just live off the $10k while their pa…

Any tips to save money on digital subscriptions? Hey everyone, I’ve been spending way too much on subscriptions like Netflix, Spotify, and Disney+. It’s starting to feel like a lot. Does anyone have any good tricks or tips to save money on these? Sharing accounts? Cheaper alternatives? Any hacks I might not know about? Would love to hear how you manage to keep costs down!” submitted by …

How much “play money” do you set aside per month? Have all my expenses budgeted including savings, investments, etc. Doing better lately but how much do you realistically set aside personally to allow yourself to spend outside of expenses and savings. Eating out, seeing a movie, dates, just items such as clothes, sneakers, candles, all things of the sort like how do you factor this in? subm…

How much money to realistically move out in the US? I am 20 and have $6,000 saved. My home life is extremely toxic and taking a huge toll on me mentally. I’m not having a good time at all. Right in time for the holidays, lucky me. I work food service making $18 an hour. I would be able to live with my best friend temporarily, but then looking to get an apartment. Is it realistic to leave my home…

How to save money with income but no 401k or job For the past year (2024), I did not work at all. I still had income because I exercised NSO options from a past employer. I don’t have any debt, and don’t need the money urgently. I’m wondering how to save/maximize money before the 2024 tax year ends. I think the first thing I should do is deposit money in a traditional IRA (max $7000) before I …

My wife and I inherited money We inherited $100k. We have spent ~$27k paying off student loans and individual loans, credit cards, and replacing some parts of our house that were falling apart. So that leaves us with ~$73k, what can we do with the rest of the money? I have roughly $33k left on my truck loan, but I didn’t know if I should pay it off completely or pay a lump …

how should i store my money currently im mainly just using wise probably a bad idea so what should i use for savings, spending, and maybe also for international spendings accounts since i travel sometimes i dont have much though tbh im just in my 20s submitted by /u/Content-Will-6262

Santander is holding my money hostage They’ve had my check for a month today 12/22 who can I email or call? My account is closed, a check went there and they said they mailed it but a month later no check so I asked them to cancel it …….theytold me togo inside a branch so I did and …it’s been another two weeks getting any update from the “back office” tht can cancel and reissu…

How to exchange money in Argentina? I’m excited about my upcoming trip to Argentina. However, I’m still somewhat confused about how to change money. Normally, I would get local currency from an ATM machine. My understanding is, that this is not advisable in Argentina and one needs to bring US dollars, ideally in 100 dollar denominations, or send money with Western Union. Others su…

Value for Money Ranking: Europe Edition One underrated quality of a destination is its value for money (VFM). A lot of focus is placed on whether a place is cheap or expensive, but it makes more sense to think about what you get for your money. A lot of online lists, however, fail to do this. Search “value for money destinations” and you’ll often get a list of the cheapest places, whi…

Why OpenAI Needs So Much Money Building a chatbot like ChatGPT requires billions upon billions of dollars. That’s the driving force behind OpenAI’s plans to change how it’s managed.

Moving money out of Traditional TSP question. Question about how to move money out of TSP If a person is 67 and already has a Traditional TSP in the Millions, how would he move that money out so he can minimize taxes on it? He has a pension and SS, so he has an income already, but he doesn’t want to pay a bunch of taxes on the TSP either. submitted by /u/SlinkyOne

My mom left me money before she died. How would i access that money? so I (17F) am planning on going to college next year and my mom left me money in an account before she died. I have no idea what kind of account or where but I’m getting that information from my grandma soon i think. Who would i talk to about this? I’m supposed to have access to this after i turn 18 in may and my brother had the same thing but h…

Who should my wife and I speak with regarding how to invest our money for retirement? We have about 140k to invest. We’ve heard about IRAs and HYSA’s. Possibly stocks? Would a banker or a retirement planner be the best for advice? TIA submitted by /u/6millionwaystolive

Burn the Money – Mr. Robot submitted by /u/MaidenlessRube

How much money is enough? I make about $20,000 a year after taxes, and currently I’m maxing out my Roth IRA contributions by adding about $130 weekly split between FDVV and VOO. I also recieve a 1% match which is cool, but is this enough? It’s only been about a year since I started and I’m 25 right now, and I know everyone talks about compounding interest, and I’ve done …

Should I pay off my truck or keep the money in savings? I have a 2022 Toyota Tacoma TRD OR 4X4. Monthly payment is $665 to my credit union. Interested rate is 1.98%. I typically pay $700/month. I owe a little less than $15K on it. I have the money in my savings account to pay off the balance. My savings account is earning at 4%. Is it better to keep the money in savings? Payoff the truck and put the …

Advice to spread my money out? 27m, married with a 1 year old. Wife is currently a SAHM, I bring in around 70k/yr base (86k this year with o/t). We have no debts, pay off my credit card every month. Currently renting, but will be moving into my wifes uncles old house to rent, with the option to purchase in the future, and all money we have paid in rent up that point will go t…

I need to cash out money from a primerica account left to me…will I actually get this money? My grandma passed away a couple years ago and left me money in a primerica account. I had no idea what primerica was initially but quickly realized it wasn’t a regular bank. My grandma was a complicated lady and left money all over the place in various accounts. My mom told me that she left me this primerica account and it should be easy to cash…

When to stop obsessing about money M 26, new homeowner, approximately 350k net worth. Roughly 90k gross salary. I saved and invested like hell for years when I first started my career at 18, now that I’m living on my own I still make a strong effort to save and invest where I can, I have a compulsion to always hide away every extra dollar I have and rarely allow myself the opport…