How to properly manage money as a teen? I’m currently 17 years old. I work a fast food job, and I’m honestly terrible at managing money. There’s a lot of things I want to buy, but I never have the money for it. I get paid $13, and work around 10 hours a week (just moved to a new state and started a new job so I’m in the “training” phase until next week and then I’ll hopefully get more…

how much money should you have saved up to move out? i’m a 20F living with my parents. i have a pretty decent career right now as a hairstylist as well as a side job at a restaurant, and i’m full time. me and my brother are talking about moving out and i have about 5k saved up, is this enough? submitted by /u/Important-Smoke-1657

Should I sell stocks or take money out of my roth ira? I have ~8k in savings, 15k in stocks, 1k in crypto and 20k in my roth ira. I’m 23 and only have my roth ira for about 2 years. I have no debt and am currently job hunting right now, but in case my savings are depleted and need to withdraw money, is it better to sell my stocks/crypto or withdraw money from my roth ira? Which option has less pena…

Am I missing out on money? If you had 50k sitting in a high yield savings account is that enough? Or is it sitting there doing barely anything and could be making more on it if invested elsewhere? I know nothing about stocks investing etc. I don’t want to have to think about submitted by /u/Middlebak3d

Once you have money if you have a mindset that certain things don’t cost that much is that the advantage you have or is that how you lose money quickly? Usually I see this with clothes, food, drinking, toys, etc. Like some of my friends just drop $200 at the bar like its nothing and to me thats a waste of money no matter how much I make. Some of it is probably personal preference but do you know what i mean? I see some people just drop $500 on clothes like its nothing. I just can’t have that ty…

Best way to use my money at 16? M16. I make $1k – $1.6k a month as a lifeguard depending on how many hours I work and I need advice on how to most efficiently use this money. I’ve been recklessly spending my money and it feels ignorant. Should I get into a roth ira? I want to be financially well off by my late 30s submitted by /u/Revalify

Forfeiting money to travel elsewhere My wife and I booked tickets to go to DC/NYC in August. While we do have things planned, just the fact it is going to be hot and humid (10-21st), has made the trip less enticing. Most of the things we have planned are refundable, except the plane tickets and one activity. We would lose ~$300 by not going and instead go to Japan in November. My q…

How to handle money for someone on the edge. Trying to navigate a tough situation for my dad’s gf. He died last year and she inherited most of his assets. Im not obligated to really deal with this, but trying to put in a little effort here to make sure his wishes are honored. She (62f) was on SSI and cant/hasnt worked since 2008. Most of her life she worked under the table and just applied…

What are some tips and tricks you use to save money on hotels? (U.S.) I’m sick of Google giving me search results for deceiving sites that seem like they’re made with AI. Pictures aren’t accurate. Prices get jacked way, way up when I go through the checkout process. Surely there is a better way to do this? submitted by /u/JoshTee123

I always worry about money but I don’t need to worry about money because I always worry about money…. We are mid 50’s with zero debt, 200k annual income, a solid 7 figures in a 401k, and 45k in a HYSA. We own our home, vehicles, RV, and few trailers. I know we are in a better place than most but despite that I feel like I stress about every dollar we spend. I’ll calmly pay a $200 grocery bill then second guess everything we bought 😕. Does anyo…

Money Budgeting for “Fun” Little backstory first – I am an 18 year old, I work online and earn a commission based salary, which means that my salary can vary widely, however I have found that 2,000 euros is my average and most common monthly income. The average salary in my country is about 600 euros, which puts me in a nice spot. I have no serious expenses, as I live w…

Tracking loaned out money with RocketMoney How are you supposed to track the loaned-out money with RocketMoney? For example, you loaned $1k to your friend and he’s going to be repaying you $250 every month. What categories should these transfers go into? Would you also ignore them? submitted by /u/KrakenBitesYourAss

How much money should I have on hand to move into my own apartment? I live in a VHCOL city and rents have been skyrocketing for the past 5 years with no signs of slowing down. I’ve been trying to get my own place (I live with a lot of roommates currently) and struggling to increase my wages fast enough to overcome the rent hikes. Now an opportunity for a very well priced studio in a great area has unexpectedly p…

Recently started a job with a TIAA retirement plan benefit investing in a CREF Money Market R1. Should I contribute here or with my current Money Market account? I live in the USA if it is of any help. I recently started a job with a retirement benefit through TIAA. I know little to nothing about this sort of benefit. All I can gather from the info packet is that 100% of any contribution I make will go towards a CREF Money Markey R1 investment. I currently have a Discover Money Market account with ~$31,0…

Parents used my Student Loan Money to pay their bills Little bit of context, when my parents took out a ParentPlus loan, they mistakenly took out $20,000 more than what I needed. They said they were gonna deposit it in a savings account to accrue interest on it, and if I wanted to buy a new car (I drive a 05 Trailblazer with 213,000 miles) I could use that $20,000 towards a car. Today I asked for t…

Retired at 34, what to do with money I was medically retired from the military earlier this year. I’m 34 and receive $4200 monthly, not taxed. This will continue for the rest of my life and will increase with COLA. I’m currently not working and likely that will continue for the next 2-3 years as I do some recovery and might consider taking a job when my health is in a little bit of…

What do I do with my money for life? Hello! I’m just starting my life journey. I’m 21 and need some advice. My parents grew up with very poor credit and finacial knowledge. I’ve learned a good bit from them, but really want to know what my best steps are. I make $15/hr with 40hrs a week. I have no credit card debt (but I do own a secure credit card to build my credit.) I have no…

What’s your worst waste of money story when abroad? I just withdrew €200 from an atm that hid a 25% foreign account fee 😭. Not a significant loss but makes me feel so stupid. submitted by /u/oouuaaii

How do I make my money work for me most effectively? I’m 26, have my MBA and a reliable job. I have no debts, minimal bills, and $70K in savings. What do I do to make my money work for me? submitted by /u/Vervet_on_the_roof

“You’re wasting your money by dumping it into a 401K” Started a new job and was looking to move roughly $40K to my new 401K from my previous pension account. I was told by an financial advisor at the company that the only benefit of having money in a 401K is the initial contribution, which my company will match. He went on to say “You’re wasting your other money by dumping it into a 401(k)”. Is th…