Personalfinance reddit.

Consolidating CC debt into Personal Loan. Hey all, I'm just hoping you experts can shed light on if this is a good idea or not. Currently, I have 2 CC debts. CC#1 is $11500 and 22% APR with my main bank, and CC#2 is $4000 and 18.79% APR with an external bank. My main bank is offering a limited time personal loan rate, and with my credit score ...r/personalfinance: Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF…This subreddit is a place to discuss anything related to Canadian personal finance. The topic of "personal finance" includes budgeting, goal planning, taxation, saving, investing, banking, credit cards, insurance products, major purchase advice, unique deals and tips for frugality, employment financials (not career or job hunting) and other income sources, … In plain English, a 401 (k) is an account you put money into that receives favorable tax treatment. Each year you can elect to contribute money to your 401 (k) plan through payroll deductions. Elective deductions are usually specified as a percentage of your income, although some plans allow you to specify a dollar amount as well. Personal finance is a term that involves managing your money and planning for your future. It encompasses spending, saving, investing, insurance, mortgages, banking, taxes, and retirement planning. Personal finance is also about reaching personal financial goals, whether that’s having enough for short-term …

This subreddit is a place to discuss anything related to Canadian personal finance. The topic of "personal finance" includes budgeting, goal planning, taxation, saving, investing, banking, credit cards, insurance products, major purchase advice, unique deals and tips for frugality, employment financials (not career or job hunting) and other income sources, and a variety of similar topics.

A place to discuss personal finance for New Zealanders. Discuss savings, investments, KiwiSaver, debt management, home loans, student loans, insurance, and anything else personal finance-related. Members OnlineWhen it comes to personal finance, there's a lot of advice out there. Some of the best advice comes from a forum website called Reddit. Specifically, the r/PersonalFinance subreddit. (A subreddit is like a mini forum within Reddit all about a specific topic—in this case, personal finance!) ... This is a common trend on the …

Jul 19, 2016 ... A recommended investment percentage is 10%, but it's up to you; more is better, the annual maximum is $18,000. The cardinal rule is Take The ...Jan 4, 2022 ... I'm not sure how you expect a reddit post to accommodate every single bit of financial information and even if it did, nobody would read a bible ...I took Personal Finance as a course in junior college. It was very informative and very helpful. We covered everything from budgeting to different types of investments to filing taxes. I took a free Coursera course on personal and family financial planning a few years ago, and I think it was useful.whole life = bad. universal life = bad. term life = the only type of life insurance you should consider. r/personalfinance. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances! true.r/personalfinance Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Build an emergency fund of 3 months. Pay off high interest debt. Take advantage of any "free money" perks from your job if they are available, such as 401k matching or employee stock purchasing programs. Increase emergency fund to 6-12 months. Begin deeper research into other investment strategies. Pay off high interest debt first. Then try to ...

Jul 6, 2020 ... https://www.reddit.com/r/IndiaInvestments/comments/9ltgni/for_someone_who_is_absolutely_at_level_zero_in. Upvote 24. Downvote Reply reply

Investing. I came across a banking site called Wealthfront that's promising a HYSA with a 3.3% APY (15x times the national average they advertise). With unlimited transfers and 3.3% growth, and seemingly no sneaky minimum-anything, I'm wondering what the drawback would be for moving my E.F. here. Heck, based on what I'm reading I could …If you're still stuck, make a post to /r/personalfinance. Include the full list of funds offered in your plan including the fund names, ticker symbols, and (net) expense ratios in your plan. Also include your proposed allocation, information about any other investment accounts, your age, and your gross income.3. Don't screw up. Be careful about who you tell, especially for large windfalls. Take your time making a plan. Learn how to invest your own money, lower your costs, etc. (see above). Don't burn through your money (buying cars, living an expensive lifestyle, housing you can't afford longer-term, risky investments, gifts, etc.).Daily.dev has raised $11M to help software developers connect, share knowledge and discuss all that's happening across their ecosystems. If Reddit and Stack Overflow were ever to c...For now, I’d put it in the one time income but multiply it by .78 (1-0.22) so at least your net income is correct. So I’d calculate my fed + state taxes first so if I owed $5 fed $2 state I’d write $7 then input my bonus into the state taxes field change the % …r/personalfinance: Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF…

Then that $7,500 is annualized, or assumed to be part of your yearly salary. So if you earned $7,500 a month, you’d be making $90,000 annually versus $30,000. But at $90,000, your tax rate jumps to the 31% tax bracket vs. the 28%.Banks are tightening credit in response to sharply higher interest rates. Banks have been tightening credit in response to the Fed's aggressive campaign to raise …The ever-popular TurboTax is easy to use, has app support (multiple apps for self employed, tracking, etc), and includes live support. Reviewing and updated figures is easy, and you can import PDF's of W-2's. Intuit owns them, and they can pull information (like investment returns) from 300 different brokerages.Nov 14, 2023 ... This will be an unpopular opinion in this subreddit, but honestly, I want the judgement automated. I don't want to think about my personal ...The average credit card late fee has ballooned to $32 in 2022 from $23 at the end of 2010, the CFPB said. With the cap going into effect, the agency estimates …

For instance, r/PersonalFinance, and r/Budgeting are examples of subreddits. Upvote/downvote: Readers have the chance to rank certain content with an upvote or a downvote. Karma: To help content creators, Reddit has devised a point system or “Karma” to help get more of the popular content out there. The points are given based …

Pay Off Credit Card Debt OR Keep More Cash Available? Credit. I have about $30K in my savings and about $15k in my checking account.I also have about $12K in credit card debt across several different cards. I know I am paying interest on these cards every month that I have a balance. Most of these charges come from … Check out A Random Walk Down Wallstreet, 12th Edition, by Burton Malkiel (available on Audible as well). Chapters 2 to 5 talk about all the "crazes" and "bubbles" from Tulip Bulbs and the South Sea Co right up to Bitcoin. It is a delightful read/listen and you realize that the more things change the more they stay the same. Feb 3, 2021 · When it comes to personal finance, there's a lot of advice out there. Some of the best advice comes from a forum website called Reddit. Specifically, the r/PersonalFinance subreddit. (A subreddit is like a mini forum within Reddit all about a specific topic—in this case, personal finance!) However, there are tens of thousands of posts talking about […] 3 Unhelpful or disrespectful. 4 Asking for handouts or transactions. 5 Legal or business discussion. 6 Politicizing. 7 Lawbreaking information. 8 Personal attack or abusive language. 9. 10. r/personalfinance: Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning.Apr 29, 2023 ... ... personal finance so I can share with these ... Personal finance is personal. ... Reddit · reReddit: Top posts of April 2023 · Reddit · reR...For a full service move across the country by a moving company, expect $10,000-20,000. So a rough estimate for how much you'll need immediately for a $250,000 house would be $50,000 downpayment, $12,500 closing costs, and say about $5,000 relocation (assuming you're moving a couple states away here). $67,500.It’s prob worth $1000. I looked around at used cars (Hondas or Mazdas or Toyotas with 40-60k miles) and the used car prices are crazy. A 3-4 year old used civic is going for 19-22k, where as a new Kia Forte or Mazda is 22-25. With lower financing rates. I don’t feel good about a new car for a 16 year old. Cool thank you! Live below your means but start a side hustle to increase your means and invest the difference in an index fund at the minimum. Don’t allow for lifestyle inflation to match your income increases - increase how much you ‘pay yourself’. Top tip: move to Australia as early in your life as possible. 32 deciding what to do next. I’m a married 32 year old male with a 2 year old and a 3 month old. I finally graduated in the winter and utilized my company’s reimbursement so I only have about $11,000 left on student loans after being aggressive with my bonus. My car is paid off, and I usually have about $700-800 leftover every month.The IRS said wait times during tax season can average 4 minutes, but you may experience longer wait times on Monday and Tuesday, the IRS said, as well as during …

The lowest fee in Superlife and Smartshare is US S&P 500 index fund. It cost 0.35% with Smartshare and $12/year + 0.4% with Superlife. If you wish to invest in the local market, Superlife NZ top 50 index fund cost $12/year + 0.45% of your holding and it cost 0.5% of your hold p.a form Smartshare.

Welcome! Before making a post, please check out some of the great resources that we've provided to answer your questions: We have a simple guide answering most questions about what to do with money and how to prioritize your finances: Click here: How to handle $. We have a wiki covering dozens of topics: credit, debt, retirement, investing, and …

Hello, what are the basics of "personal finance"? : r/personalfinance. I'm almost completing my degree, but I'm practically a spend-thrift. I spend a lot due to my OCD and possibly …Roth IRA That means you only invest $7000 for the year and pay $1500 in taxes. Since you are willing to pay taxes on $8500 I will use that as the base. I would open a traditional IRA. Put $7000 of tax deferred money in. $8500 - 7000 = $1500 you will pay taxes on. Call it $300. $1500 - 300 = $1200 taxed dollars to invest in a mutual …It’s prob worth $1000. I looked around at used cars (Hondas or Mazdas or Toyotas with 40-60k miles) and the used car prices are crazy. A 3-4 year old used civic is going for 19-22k, where as a new Kia Forte or Mazda is 22-25. With lower financing rates. I don’t feel good about a new car for a 16 year old.Basically I'm in my early 40s now and about 7 years ago I received an inheritance of about 600k. I had also scrimped for years to accumulate savings of amount 500k. So all in all I had 1.1M in the bank. Crazy to think!At that time I was also unemployed and so ended up using some of it to survive.Reddit Personal Finance, r/personalfinance, is an excellent starting place for the average person to get knowledgable about personal finance. Remember, the community is made up of people just like you and me. And due to the sheer volume of people that come together, it means there are bound to be experts lurking with smart answers. ... Brokers buy/sell things for you and charge you fees for doing it. Everything can be done electronically nowadays, so the fees are lower. Track personal expenses so that you are not spending more than 80% of your take home income every month. Save the rest. You will want to try to save at least a 6 month emergency fund, and invest/save the rest ... Nobody’s incorporated as a bank in years because a credit union can do 99% of what a bank does for higher profit due to not paying taxes. No one owns a CU, so any profit gets retained. There have been few de novo charters because chartering a bank during ZIRP is just lighting money on fire for many years.The ever-popular TurboTax is easy to use, has app support (multiple apps for self employed, tracking, etc), and includes live support. Reviewing and updated figures is easy, and you can import PDF's of W-2's. Intuit owns them, and they can pull information (like investment returns) from 300 different brokerages.Taxes. Your employee income is taxed like so: 7.65% goes to Social Security and Medicare taxes until you reach $160,200. Also, at the same time your income is taxed in chunks at various rates. Assuming no special deductions, 0% for the first $13,850 due to standard deduction and exemption. Then 10% of the next ~$9K, 15% of the next ~$28K, 25% ...

Apr 10, 2021 ... Read Automate the Boring Stuff. It's available on the web for free and it focuses on practical examples for automating tasks which will be ...The one thing I still do is hire a tax professional every year. I have 6 income sources and own 3 properties. Well worth the $200. Some people have mentioned that it depends on your income and net worth. If you hire a planner, I would go with fee based only (pay per meeting or hour vs. a % of your investments).A user asks for advice on personal loans and credit cards, and gets replies from other Reddit users who share their experiences and tips. The replies cover different options, …Below is a roundup of the best money and personal finance subreddits for beginners and experts alike. 1. r/PersonalFinance Followers: 14.3mn (as of 2/4/2021) This subreddit covers all things personal finance, from general finances to investing, debt, taxes, houses, student loans, budgeting, and much …Instagram:https://instagram. burberry classic perfumeis porn a sinsubaru impreza mpgthings to do with boyfriend Jul 19, 2016 ... A recommended investment percentage is 10%, but it's up to you; more is better, the annual maximum is $18,000. The cardinal rule is Take The ... italian restaurants new haven ctdarth vader mask Sep 22, 2022 ... Any advice is SUPER greatly appreciated :) TIA Reddit! Archived post. New comments cannot be posted and votes cannot be ...With a 15-year mortgage, you'd get a lower rate but higher payments; at 3%, each $100K would be $691/month. The 15-year saves you an enormous amount after 15 years when payments stop; until then, it costs you more out of pocket, as you build equity. It's worth shopping around to get the best rate on a long loan. wolves as pets Then that $7,500 is annualized, or assumed to be part of your yearly salary. So if you earned $7,500 a month, you’d be making $90,000 annually versus $30,000. But at $90,000, your tax rate jumps to the 31% tax bracket vs. the 28%.Thanks so much. (Also, I haven't decided what car to get, but was looking at a Tesla y. Open to others as long as they have good storage and can fit 5 or more people) Sort by: laziestindian. • 27 min. ago. Leasing rarely wins out in a financial sense, especially with current interest rates. true.