College student with 5k in savings and a 18.5k loan at 14% – should I pay off as much of the loan as I can now or just pay off the interest? So unfortunately I didn’t realize that the loan was charging me interest right now (my mom, who cosigned the loan, told me it was deferred until graduation). The interest payments are around $200/month right now. I have my savings in a HYSA at 4.5% right now. Obviously I wouldn’t want to spend everything on the loan, I was thinking maybe 3.5k? A…

how do retired people pay for unexpected expenses? Our condo association is having a special assessment to fix a broken elevator. It is a fairly large expense (10s of thousands) that we honestly didn’t anticipate. How do retired folks pay for this? Sell assets? Take a home equity loan? Use up emergency savings? Is there some better option. We are living comfortably on our investments right now b…

Does it make sense to pay off my mortgage? I’m new to Reddit and I’ve seen countless posts about the same topic, but I guess I just need reassurance for my particular scenario. I’ll try to keep it brief but if I leave out any necessary details let me know. Remaining mortgage – $115K Mortgage payment – $865/month Mortgage Interest Rate – 2.625% Age – 31 yrs old (M) HHI – $95,000 (wife is …

How to pay off my collections debt Hello everyone, I am almost 34 and trying to get my life together. I had a really tough year when the pandemic hit, got broken up with, had to move out on my own, got layed off from work and developed a drug addictoon. I’m good and clean now but fast forward a few years later I owe almost $18,000 to collections agencies and have a credit score o…

Can’t seem to pay off my student loan I have 25k in a student loan, im being charged payments every month. my wife makes 1500 a month an I make 3800 a month. we both have cars were financing as well as our bills+rent. the student loan is 340 a month, and in 2 years we will have a 200’000 inheratence. I just want to pay it off as soon as possible so i dont need to worry about another…

Convince me to pay off my students loans (or not to?) I am struggling to decide what to do with my students loans. Here’s the basics of my financial situation: -26 married, spouse doesn’t work. -195k income -20k in savings (HYSA) -70k in retirement -250k mortgage, comes out to $1800 a month -100k student loan debt, average rate of 3.5%. Paying $700 a month on a 25 year repayment plan. I was mak…

Pay Cut to Work in my Field I’m married with two young kids, wife works part time. I have an interview coming up for a position related to my degree and experience (live event a/v). I walked away from my last job more than 10 years ago because they were paying me half what I should’ve earned and fell into warehousing and logistics instead, but I’ve never cared for it and h…

Pay for School in Cash or a Loan at 7%? If I have $30,000 saved to pay for college, would would it be better to pay for school in cash and be debt free, or take a loan at 7% for 15 years and invest the $30,000? If choosing to invest, what would you invest in? submitted by /u/Spocks-Brain

Pay off student loans in deferment or pay off car loan? Hello PF, I currently have a student loan balance of ~$6,000 that is currently in deferment and no payments are required until December 2025. My car loan balance is ~$19,000 at a 4.74% interest rate, monthly payments are about $500. Other than these two balances, I have 0 debt, not even CC debt. For the past two years I’ve been working relentles…

Pay down loan or use for down payment? I purchased a car 4 years ago. In one of my dumbest moves ever made, I let the finance manager wear me down into using their dealer financing. I was already preapproved for a loan coming in but he was relentless, I didn’t know what I was doing and he took full advantage of that, said he got my payments down to what I had with the other financing…

How Much Does YouTube Pay? How much does YouTube pay creators, and what factors influence YouTube earnings? submitted by /u/ameliablunt

How can I accept international payments that customers can pay with Google\Apple Pay or card information? I’m a Sole proprietor and I’m trying to find ways to accept international transfers. I want it to be convenient for my customers, so they can put their bank card information in an invoice or so they could use Google or Apple Pay because obviously that’s the easiest way to pay for things online. I’m looking at Wise right now but not sure if this …

Help! Should I pay off my student loans? Help! What should I do? 30 year old male. Married. Wife bouncing around jobs the last two years but just got something consistent to push our Household income to about 93,000 a year. $24,000 in savings Contribute 12% to my retirement 457,401k Wife contributes 3% with a match. Debt 13,800 in private student loans at 3.1% ($538 a month) We want…

is a pay card safe for saving money? i just got a job that offers pay cards and i’m planning on saving most of my money when i get paid. i’m 17 years old and can’t get my own bank account without my parent’s having more power over it than me and i don’t exactly trust my parents to not touch my money. i know paycards can be a good way to get paid, but is it a reliable way to save mo…

Should I pay off car loan? I owe about 17k on the loan. The interest costs $3.66/day. I will have the cash to pay it off soon. Have an emergency fund already. What’s the wise move here? It seems the interest rate is 7.59% which is higher than what the money earns in a HYSA, so seems like I should pay it off and own the car free and clear. Am I missing something? su…

Should I use student loans to pay off my car? I have 10k left on my car loan. Apr is 11%(I have bad credit). I got approved for 7k in federal student loans and with the 7k in student loans plus making the minimum payment I can have this car paid off in 9 months. The car is worth 12k but I honestly don’t want to buy another car at this point so I have only 50k miles on it. submitted by …

When should I pay off Car Loan I recently bought a new car with $23k financed at 3.9% over 4 years. I recently came into a chunk of money that I could put towards this. Should I? Or should this money be invested in the market? submitted by /u/Spare-Instruction-81

You can pay to put a virtual house on Snapchat’s map I can’t afford an actual house in this hellish economy, so a virtual one will have to do. | Image: SnapSnapchat Plus subscribers are getting a new feature that allows you to design your own virtual house to show off on the Snap Map. You can view your house at any time by visiting the map, as can anyone you share your location with. Your customi…

Do I need to pay this debt? I supposedly owe debt to this “spectrum billing” with a red logo for something I’m not sure of exactly, and they’ve been sending mail to me attempting to collect this debt, but as far as I know I don’t owe any money. My credit report doesn’t show anything in collections and they’ve sent mail since at least 5 months ago. What do I do? Should I ig…

Is it better for me to pay off a 7.5% interest rate (30 yr) mortgage or pay minimum and invest in S&P? My mortgage loan is $545,000. 7.5% interest. 30 year. Payment: $4,500 (PITI) Interest Paid: $826,859 Total Paid: $1,371,859 If I pay extra $500 a month, Interest Paid is $535,363 (savings of $291,495). Pay off time is 21 years instead of 30. Then if I invest the Mortgage + extra payment: compounded for the 9 year difference, assuming 7% rate o…