#pay

How to pay for home improvements

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How to pay for home improvements My husband and I currently live in his grandparents old house. We have done some major renovations (roofing, flooring, other repairs) by saving, then using our credit cards, and paying off immediately which has skyrocketed our scores. For context, the mortgage was paid off in the 90s and the home is still owned by his grandparents who now live w…

Reddit Personal Finance 514 2024-11-23

Student loans: 42k total. Should I consolidate or does it make it worse? Should I try a loan elsewhere to pay off MOHELA and pay another institution?

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Student loans: 42k total. Should I consolidate or does it make it worse? Should I try a loan elsewhere to pay off MOHELA and pay another institution? I’m staring at my grad school loans. And I know how student loans are viewed by some. But I want to tackle my debt in 2025. The overall amount is broken into different loan chunks. I know to pay down one to lower the overall amount and interest. But is there any benefit to consolidating it? Each loan is at roughly 6%. Or is there any benefit fr…

Reddit Personal Finance 1.1k 2024-11-21

Should I pay off car loan at 7.44%?

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Should I pay off car loan at 7.44%? About $24k left on this 5 year loan, monthly payment is $580 (I’ve been paying $600). I originally took out the loan rather than paying for the car in cash because I try to put most of my money in the s&p 500 since it historically returns > 7.44% but I do have a decent amount in my savings that I could afford to pay it off and still have a good …

Reddit Personal Finance 756 2024-11-21

Whats a reasonable price to pay for a reasonable shopify store designer?

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Whats a reasonable price to pay for a reasonable shopify store designer? I have this store (clothing business) thats almost ready and need someone to do it for me because I don’t have time to do it myself. So from your experience, whats a reasonable price for a decent shopify store that converts well? I make stores often and so it would be great to find “the guy” that I can rely on and work with extensively. Thanks! …

Reddit ecommerce 430 2024-11-19

Should I lump-sum pay my $48,985 in student loans?

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Should I lump-sum pay my $48,985 in student loans? I recently got a new job and will be making more income but as a consequence I’ll need to get a 2nd apartment. new income: 168k base pay 206k RSU vested over 4 years (35%, 30%, 20%, 15%) 23k bonus 25k sign-on bonus Before RSU’s my monthly income after tax will be ~$9200. I have a few fixed expenses, the most “concerning” of which being rent paid…

Reddit Personal Finance 787 2024-11-15

Am I stupid to pay $0.50 per listing?

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Am I stupid to pay $0.50 per listing? How much do you pay to a VA (outsourced from Upwork, usually from developing countries) for helping you list products? I have experienced if I pay hourly, they take a lot of time to do the job and if they did it poorly, and then for revisions, I still pay more hours despite that my tasks were delayed because of needing to revise. And then if pe…

Reddit ecommerce 814 2024-11-13

Putting 15% of my take home pay into retirement

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Putting 15% of my take home pay into retirement I’ve read it’s generally recommended to put 10-15% of your paycheck into a retirement account. Is this just referring to 15% of your take home pay? You don’t factor in other things taken out, like dental or health insurance, correct? Also, my employer will match up to 5% of my retirement contribution. Do I exclude that when putting 15% of my pay…

Reddit Personal Finance 929 2024-11-11

Pay for children’s college?

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Pay for children’s college? Just looking for some feedback. Long story short my husband inherited a little over 1m with his parents passing. We were already doing well and our net worth prior to this is around 1.2+M (not including his union pension). We have no debt aside from our home. He has around 5 years to retire and I have around 15. For the last few years I’ve made …

Reddit Personal Finance 1.0k 2024-11-09

Pay What You Want

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Pay What You Want I’m trying to set up a “Pay What You Want” option for my website and I’m really struggling to find a payment provider that offers this. Other than setting out a drop down box with payment options for every item (which will take forever and means people are limited to only those options) are there any options you can think of that would suit? Con…

Reddit ecommerce 478 2024-11-07

My son got hit by a car. Driver’s insurance suggested I use my “underinsured motorist” auto coverage to help pay the bills. Why use my car insurance to pay back my health insurance?

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My son got hit by a car. Driver’s insurance suggested I use my “underinsured motorist” auto coverage to help pay the bills. Why use my car insurance to pay back my health insurance? My son was hit by a car in a crosswalk. His leg was broken and he needed surgery. The diver’s maximum bodily injury coverage is $25,000, which will not cover everything our health insurance paid. When I talked to the driver’s insurance company, they suggested that I file a claim under the “underinsured driver” coverage that we have through our c…

Reddit Personal Finance 509 2024-11-06

Should I pay off my mortgage?

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Should I pay off my mortgage? I (52m) lost my job in July 2024 due the company going under. I have 2 rental properties and sold 1 of them in Sept for $900k. I don’t have a mortgage on the 2nd rental property. I have $172k left on my mortgage of my primary residence. I’ve been working from home since 2014 and became very comfortable. I refuse to go back to commuting and offic…

Reddit Personal Finance 860 2024-11-04

Pay into 401k or pay down mortgage?

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Pay into 401k or pay down mortgage? Playing around with the numbers of putting 15% pre tax into a 401K or 4% pretax Into 401K (to get full employer match) and 11% after tax into a mortgage with a rate of 6.99%. Calculator says If I do that I can pay off the 275k mortgage off in 10 years. I am only in the second year of this mortgage. I bought the house to take on my dad who is wa…

Reddit Personal Finance 879 2024-11-04

Saving or pay off my car?

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Saving or pay off my car? Greetings Reddit, So I’m getting 28k in back pay for disability. I have about 5.3k left on my car loan. I have enough in my savings for an emergency fund. I invest weekly. My car loan is 2.54% while my savings account is currently 4.50%. What do you think I should do? submitted by /u/GageTheDemigod

Reddit Personal Finance 560 2024-11-04

Should I sell my side-business to pay off my student loans?

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Should I sell my side-business to pay off my student loans? My wife and I have $91k in student loans, but I have a small app that brings in almost $4300 3,400 / mo (before taxes). I could realistically get about $120k for it (again, before taxes). However, I’m not sure if that’s worth giving up the $40k per year to pay it off quickly? Edit: accidentally swapped my app revenue numbers. submitted by …

Reddit Personal Finance 747 2024-11-03