Recent comments in /f/personalfinance
[deleted] t1_jee5sif wrote
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CJ-Me t1_jee5lbv wrote
People pay for classes in many different ways. Seems you paid for a personal finance class through a dealership. The goal at this point is to learn from the class, so you don't have to take it again.
Elegant-Row-2396 t1_jee5e12 wrote
Reply to comment by Fkn1v1mem8 in I make 42k and I work from home 4 out of 5 days a week. I signed a 60k offer onsite 23 miles there and back 45 min, 45 min back. Does this make any sense? by RemarkableCell1859
You literally have another 50 percent of work on your day that’s costing you money, how is it “not that bad” that’s genuinely mental
Firm_Bit OP t1_jee57d9 wrote
Reply to comment by Grevious47 in Can 2 people live on net $60k in Seattle/East of Seattle? by Firm_Bit
We’d be at 65k after taxes and savings obligations. Does that change the picture any?
Thanks either way
Firm_Bit OP t1_jee53x3 wrote
Reply to comment by goldengooseiscooked in Can 2 people live on net $60k in Seattle/East of Seattle? by Firm_Bit
$60k post tax and savings is?
And thanks I’ll look up that area
Fatherbiff t1_jee4xh7 wrote
My condolences on your grandmother. Paying off your credit cards is great. If you don’t have a cash account that covers bills and whatnot for 6 months, I would start there. In Canada i would suggest a tfsa or rrsp.
debbiewith2 t1_jee4ol2 wrote
I’m sorry for your loss. Please shove it into a savings account in the hopes that you will now never need to carry a credit card balance again, since you have the beginning of an emergency fund.
Snakend t1_jee4ke4 wrote
Reply to comment by HardlyRightHanded in Are low foreclosed and pre-foreclosed house prices a scam? How is it possible for their prices to be so low? I'm planning on moving to Seattle soon and have been considering them. by illusiveconsistence
The bank doesn't get to keep the extra 50k profit. They have to give it to you. So they don't care if there is any profit at all. They just want to clear the loan and be done with it. Why wouldn't you sell the house before they foreclosed? The only reason to ever let the house go back to the bank is if you can't make payments AND you are upside down on the house.
duckmanpls t1_jee464z wrote
Reply to comment by reedengine in Can someone please confirm for me that selling plasma/platelets isn't a scam? by hooontaaah
The games looks interesting enough until one just looks and notices around the needle once lmao
[deleted] t1_jee4326 wrote
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jcastro777 t1_jee3za2 wrote
The cheapest 2014 Cayman on Autotrader right now has 109k miles and is listed for just under $30k, so even needing suspension work it would probably be worth at least posting it for sale and trying to get 25k for it before selling it to a dealer.
Is 36k the payoff amount quoted from your bank today? Or just the sum of all the future payments. At 11% interest the payoff today is likely thousands less than the sum of all future payments, and is actually what you need to sell the car.
If you don’t want to take the personal loan and don’t need the space you could try selling the minivan and using that money to pay for suspension repairs on the Cayman if it looks like the car is otherwise reliable. Front struts are a pretty common replacement item on most cars around 100k miles, especially performance cars, so this doesn’t seem like it’s an indicator the car will be problematic.
If your credit is good you could try refinancing the Cayman to bring your rate down, it probably won’t drop a whole lot but even 7-8% is better than 11%. Then just pay it off aggressively until the loan balance is below the value of the car and sell it, or if you sell the minivan to fund the suspension repairs keep it until it’s paid off and keep driving it.
garybmining t1_jee3y1p wrote
Reply to comment by yes_its_him in Can someone please confirm for me that selling plasma/platelets isn't a scam? by hooontaaah
Depends after all look ariund for the trustworthy one's rather than looking around for scam stuffs
Igotme2022 t1_jee3u7n wrote
Reply to I make 42k and I work from home 4 out of 5 days a week. I signed a 60k offer onsite 23 miles there and back 45 min, 45 min back. Does this make any sense? by RemarkableCell1859
Eventually you may want to move out of your parents place. The increase will help and you can move closer to work?
DaemonTargaryen2024 t1_jee3u4t wrote
Reply to Does selling, but not withdrawing, from a Traditional 401k trigger a taxable event and/or penalty? by DrGreenMeme
Think of a 401k or an IRA like an umbrella. Anything done under the umbrella is a nontaxable event (except Roth conversion). Once it leaves the cover of the umbrella it gets hit with taxes.
Just because it has no taxable event doesn’t necessarily make it a good idea though. “Trading” in the 401k will lead to less profits more often than not. If this is part of a purposeful change in asset allocation that’s fine. But if you think you can time the market, think again.
yamaha2000us t1_jee37bi wrote
Do not call. If this person involves the police, you may need to make a statement. The statement can be, “I have no idea what he is talking about.”
Brandonva804 t1_jee2xii wrote
Reply to Is it unrealistic to put a down payment on a house within 2-3 years of saving by SecondaryKitty
Ohio I believe has cheap houses. 90K is enough. After three years you guys should be good
WasteProfession8948 t1_jee2r61 wrote
Reply to comment by Logizyme in Renting two places simultaneously to increase income: is this something I can do? by Overall-Ad2235
State taxes are deductible on your federal tax return.
carpooler42many t1_jee1nxk wrote
My cousin’s husband in the military did something so similar before they married! Don’t beat yourself up, just learn a lesson for the future.
He garaged his Porsche for a few years, received a work bonus , repaired it and then sold at a loss. It’s a party story that gets a winch and a chuckle from anyone who hears it. Everyone makes errors of emotion.
[deleted] t1_jee18ij wrote
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Rainbowscarab69 t1_jee15r3 wrote
Reply to comment by tossme68 in Is reskilling / starting a new career worth it in my situation? 30 years old. by GuidanceParticular42
No. OP has a bachelors and can apply to a one year accelerated BSN program. This is probably the best option actually.
Whoisntcj t1_jee14cp wrote
- Have you checked out how much your payment would be ok to borrow the 16k needed to pay the car off
- You essentially need to just pay down the loan on the car . Doesn't matter if you take the loan out or just put extra towards it . But, be warned that waiting until you hit equilibrium will take a while .
Rainbowscarab69 t1_jee131n wrote
Reply to Is reskilling / starting a new career worth it in my situation? 30 years old. by GuidanceParticular42
AA doesn’t need the MCAT. Look into program prereqs. Make sure your state hires them. I think only 20 or so states do.
fly_eagles_fly t1_jee0dgz wrote
Reply to Loan to friend Question by Locutus747
“Turns out we had some unexpected expenses come up so we will be unable to provide the loan. Good luck with your new business venture!”
Please do yourself a favor and back out. This is a bad situation in the making. If they were able to get the $60,000 then they can figure out the other $15,000
[deleted] t1_jee5x9p wrote
Reply to comment by adamstempaccount in I make 42k and I work from home 4 out of 5 days a week. I signed a 60k offer onsite 23 miles there and back 45 min, 45 min back. Does this make any sense? by RemarkableCell1859
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