Putting money in retirement vs savings as young asult 23M, 58k income I’m currently saving around 17% to retirement, and another $600/mo to savings as my expenses are pretty low. I’m saving for a ring, future wedding and house down payment / any other future expenses (new car) Would you increase savings and decrease the retirement contributions if you wanted to buy a house in 3-4 years? Or would y…

Should I put money into IRA for one year? I started a new job and it’s likely that I will spend only one year at this job before going to grad school (for 4 years). I am 22 years old and this is a point of my life where money is tight. After grad school, I can invest a lot of money but right now even a $1000 in my IRA would be better used if it was in my pocket. I know early investing i…

What should I do with my money Hello, I am 18 years old, and recently got a job, my monthly wage is around 550€ (I live in a third world country), what should I do with those money, I have no idea how money works, what advice can you give me, any source to get educated in finances field, thank you in advance. submitted by /u/Fivesuistvelmotim

What do I do with Scholarship Money? I (18M) just graduated high school and am going to college soon. I was able to secure a few scholarships worth a total of about $42,000 / year. The school I’m going to is public so tuition is only about $8,000 / year, leaving me with $36,000 / year to cover my other expenses. My parents are willing to cover all housing, my car insurance and my c…

Struggling to really save money! Help! Any tips? UK As the title says, struggling to save a lot of money – 29M, I do have savings, approx £3000, but I’m wanting to buy a house by the time I’m 35 This time last year I was in debt and managed to clear it all earlier this year, which I’m proud of myself for, however when it comes to saving I’m constantly dipping into it, and taking out the odd £20/…

Spending money Europe Hello! about to leave on an 8 month trip spending most of the time in Europe. I’ve been looking through budgets and after accomodation costs do you think 60€ average per daily as a couple will be enough? That’s not including travel between cities and accomodation. We will be in Airbnb’s so cooking at home often, few times a week eating out, some…

Did I waste money by signing up for an FSA? I recently got a new job, and signed up for an FSA account stupidly without knowing what it was. I have the maximum contribution set (I believe $3,200 for the year). I’m a healthy 31m with limited medical expenses. I typically would spend much less than that on medical expenses each year. There is a rollover period but my understanding is you s…

Should I be throwing money at my mortgage or saving it? My mortgage rate is 6.49% with a little over $400k total remaining. Right now I’m able to put an additional $100 towards to principal. All excess money I have I’ve been putting in a brokerage (401k, IRA, and HSA are maxed out already). I have an additional $100k in a HYSA with a 4.2% APR. I saw something about putting excess money towards your …

I just received $15,000. I’ve never suddenly had money like this before. I don’t have any debt. How can I use this money to make more money? I don’t have any debt or big purchases planned. I currently have it sitting in a high yield savings account with about 4% interest. submitted by /u/ballandabiscuit

What happens to unvested money? Have an old 401k from about 6 years ago and shows about $1800 is not vested. What happens to that down the road? Just sits in there until I retire? submitted by /u/powderST2013

Smartest way for me to use my tax return and grant money. TL;DR; We are receiving $8,000 back in taxes and $10,000 in grant money. I’m lost on the smartest way to use the money based on the list of things we wanted to use the money for. After recently adopting our second child (extremely expensive) we have fallen behind financially. We filed for a tax extension due to needing his social security numbe…

Long term travel: money issue TL;DR How to efficiently access to my SGD from my singapore bank account when travelling to multiple nations for years? ————————— 30yo based in Singapore, quit my job to travel the world frugally (my 1-way flight to Bangkok happen in two days) I have all my savings in singapore dollars. I will stay in a country for 1-3 months before leaving for…

How should we spend our money so we are both happy Hi, my husband and I have been together for 6 years and overall we have a very healthy and happy relationship. We have always had good communication and have been very open and understanding when it has come to our finances, however recently we have found ourselves with a moral/financial dilemma. 2 years ago we bought our first home and have s…

LPT – Remember to factor in the money needed for fuel or fare when saving money. I buy groceries online. They are cheaper online in my country. Some things are cheaper at store tho. When I am considering where I should buy stuff from, I always factor in the added cost of fuel or fare both ways. Thought this might be useful for someone out there. 🙂 submitted by /u/StewartConan

My parents are terrible with money and will probably never retire. What do I do? As the title states, my parents are extremely financially irresponsible and have been since the day I’ve been born, something that I found out about around a year ago. They have a financial advisor who has done absolutely nothing for them (hasn’t invested any of their money, has kept their money in checking accounts, etc), but they refuse to get…

Money inflation in music Sorry if worded badly, but some examples of I can think of are: Velvet Underground – I’m Waiting for the Man: “$26 dollars in my hand” – $26 in 1967 is $244 today Elton John – Son of Your Father: “I’ll pay you $20 for you to leave my barn” – $20 in 1970 is $162 today Rolling Stones – Far Away Eyes: “Well the preacher kept right on saying that al…

My car has turned into a money suck. What do I do? I bought a 2020 Hyundai Elantra back in 2022 for around $20K with an 11% APR, $382 monthly payments, and $145 monthly warranty payments. At the time, I was making $50K a year with the opportunity to make more after I finished the training program I was in. I had to leave that program because of internal differences between me and management. I g…

LPT Switch to telehealth to save you time and money. If you are fine with online appointments with your doc, such as a therapist, telehealth can be a game changer. They’ll be able to prescribe you through a simple video call and you don’t need to always visit the clinic. Covid introduced a lot of virtual appointments and this is just one you can take advantage of, if you like this sort of thing. …

Best Use Of Money for 3 years to purchase a home? Good Evening! Looking to get the most insightful suggestion on how to make our money increase to its full potential to purchase a home in the next 3 years! Here are some facts about our current situation and look forward to hearing everyone’s suggestions. Monthly Expenses Rent is $900 / a month Debts are payed off including car. (M27) Tak…

I can’t seem to stop spending money I have a self control problem. I can’t seem to stop spending money. Every month I get paid, from my main job, $2096 a month after taxes, then I pay off my credit card. I have most of my bills on my credit card such as utilities, cell phone, internet etc. Then I pay my rent. Then I have nothing left. I use my credit card to buy groceries, bus pass, and miscellaneous expenses u…