Should I pay my car off early? For context, I am 21 and I bought a car last march. My loan is at 6.2% for 60 months (no early payment penalty). I have about 20k left to pay off. I was thinking about paying it off in 1 or 1.5 years earlier so I can pay less interest. I have about $30k in ETF’s and HYSA and about $9k in stocks and I make about $72k pre tax in nj. My only expens…

1099 vs W2 with less pay? I’m assessing different options for my compensation. The work I’m doing is eligible to be classified as a 1099 contractor (no set hours, etc). Relevant context: WFH, I have a room in my house that could be classified as only for business (approx 10 ft by 12ft), as a W2 I get 3% safe harbor, cellphone and laptop provided. I don’t derive any other…

Is it worth it to just pay up for Shopify? Hi guys, looking to expand my selling presence and wanting to start an online shop to sell clothing and accessories, but as I’m new to this space the 29$ a month for Shopify is a bit more than I’d want to pay at the moment. Any other platforms that you could recommend? I’ve been doing research on woo commerce and might go with that but unsure wh…

Pay off the house or Invest? I now only have my mortgage which is a 30 year loan but my interest is only 4.99 apr I know 30 year loans are interest heavy in the beginning, so should I pay it down halfway and then invest or keep paying as usual? We can stay here as long as we need to, if we move we plan to pay in full of get a minimal amout financed from saving. Given the …

How soon to pay off car? I’m 24M still living at home, I bought a car last year September which was a CPO 2021 Honda Accord Sport 2.0t to replace my 2000 BMW 3 series. I paid $25.5k for the car, OTD was $29.1k, my rate was 3.99% for 48 months. Currently I have $12.9k left on the loan, $340 monthly payment. Original principal was $15k. My only other debt is my student lo…

Which debt do I pay down first? I recently got a bonus and after taxes I have 10k to help pay down some debt. I have 18k in student loans and 28k on my truck. The student loan payment is $110 per month and the truck payment is $670 per month. Which debt do I pay down first? I know I won’t be able to completely pay off either one but my ultimate goal is to lower my monthly expe…

Is it worth it to pay someone to do my taxes ?? I don’t make much I made like nothing last year because I didn’t work for a few months but I have three w2s I’m trying to do it on turbo tax but it’s asking me some more complex questions and I’m terrified of messing something up because the one time I did it on my own I forgot to include my unemployment w2 (didn’t even know that was a thing I t…

Do i pay off my debt or save?? For background context i’m 19 years old from Missouri. I have $15500 in savings after just under 2 years of working as a 911 operator, I still live with my parents so i only have my own personal expenses and my truck payment. I have a 2014 Chevy Silverado that i currently owe $11,411 on. I also am wanting to move out sometime this year, Preferab…

Pay off half or all of vehicle? So we are expecting to sell our house and have a sizable amount of equity coming our way ($70,000). With that being said, we were planning on completely paying off our last remaining vehicle with the proceeds. My question is, should we pay off the total amount of $43,717 or pay it half off, refinance it, and put that money in the market? Or is t…

Is it smarter to pay off all my debt and get left with no savings? Or should I pay off majority of my debt and put 1K in savings? I am getting a huge refund this year. That covers all of my debt exactly. I have two credit cards with a high balance. I also have a auto loan still open. That gap insurance never covered that I’m planning to pay off. (It was denied before yall ask) I have been having this credit card debt for years already, and I would like to get it over with…

Pay off rental properties or leave as is? Here’s my situation: 35M, single, currently not working: Current assets: 401k – 400k Stocks – 650k HYS – 30k 2 rental properties – 600k total value (200k total loan at 4.5% interest), generates 4k in rental income (2k in net) My question is: Should I nuke my 401k to pay off mortgage? This way I can save on interest payments and optimize for c…

Ransomware Payments Fell 35% in 2024 as More Victims Refuse to Pay: Chainalysis According to the blockchain analytics firm, less than half of recorded ransomware attacks resulted in victim payments.

Should I pay off my truck? Or ride the loan out? I have an auto loan on my 2018 f150 (look at my account if you’re curious, I love it!) Currently I owe $16k on it with a 3.19% interest rate, it’s worth about 22k from my research on comparisons for sale. So I’m in the positives “equity” wise I have the means to pay it off right now and be 100% okay financially, but my payment is only $459 a m…

Pay off undergrad debt or invest? Hello! I’m currently married in my early 20s and in my senior year of undergrad getting ready to apply to medical school. Quick run down: We have about $2k leftover per month to go towards our financial future/goals. Our emergency fund in our HYSA is at about $5.5k and we want to get that to our target of $12k ASAP. We have $20k in Roth IRAs s…

In 4.5k CC debt, should I pay off in increments or save up to pay all at once? Hi! 21 y/o here. This has been giving me great shame but I made some irresponsible decisions in both 2023 and 2024 and wasn’t able to work last year so I ignored my debt. Now my mistakes from last year are coming back to bite me in the ass. I started working again and make about $2,000 a month. I could attempt to chip away at this debt in $500-…

Question about using inheritance/windfall to pay off debts My father was a hard working and shrewd businessman who I loved very much. So the slow deteriorating from Parkinson’s was tough on me the last few years, but now that the dust has settled as is the estate, I just want to make sure I am making prudent choices. So basically my plan is to methodically eliminate all debt in this household. Credit C…

How to file and pay your 2024 taxes online The holidays are over, a new year is here, and along with all the various upheavals that we are facing (including some possible changes in tax law), most of us have to deal with our annual income taxes. Sorry about that. Tax day this year falls, for most of us, on the traditional April 15th.

Pay down mortgage, save or invest? 300k mortgage at 7.3%. 6 months of full living expenses saved up, 14k in an investment account and a healthy 401k balance with 15% contributions per year. If I had an extra 300 a month — would you make extra mortgage payments, add to savings or investments, or increase your 401k contribution? Right now I plan to put the 300 a month into savings…

Pay off car now or wait a year Payoff amount for vehicle is 4500 with an interest rate of 4.6%. I have about 2500 in savings. The Question I have is should I wait until my savings builds up to pay off vehicle? I’m thinking I could pay it off by August with bonuses or should I use a CC with a 0% introductory rate for 16 months to pay it off now and just use the money I’ve been…

Should I keep on saving or pay off debt? Hey everyone! So, I make around $5900 per month which is a very, very good salary where I live. I have made a loooooot of dumb financial decisions in my life and right now I owe around $30k (CCs, small loans,…). I started to get serious in the last year or so and started saving. Right now I have finally saved $30k which sounds just about right…