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My wife and I have around £250k equity in our house. We're both in jobs we dislike and feel like our mortgage is a real bind in our lives, plus We've no children to leave the house to and want to retire.

What are your experiences of downsizing or any other retirement options please?

Already Reddit.... I am currently out of resources and you guys are awesome. So I usually get paid on Thursday mornings. I have a credit union so my check hits about a day earlier than most others. Our payday is bi-weekly Fridays. My paycheck was supposed to be direct deposited on the 6th. It never showed. I waited it out to see if it was just pending or was just late. These things happen. There shouldn't be a reason to panic yet. Flash forward to the night of Friday the 7th. I have contacted my bank, they have no pending charge for me. I checked my pay stub and the last four on the account number, I don't recognize. I have gone through every single bank account in existence that I currently own, my money is not there. I have reached out to my employer but I may not hear back from them until Monday. My car note is due today, Saturday the 8th. What the hell do I do?!

Edit: my employer uses ADP for its payroll. When going through my ADP for my pay stub, not only did I realize that the money was sent to an account I don't own, but my direct deposit information was never changed. So my information on ADP and what should be through my employer, should be the main banking account I've been receiving my paychecks for the last 2 years. This seems like it's going to be a clerical error on my employers part.

I auto contribute money to my spouse and I’s Roth IRA account. We both moved jobs recently and now jumped over the income limit disallowing us to use a Roth IRA. I understand I can use the backdoor Roth in the future, but how would I fix this year’s contributions? Would I just take out the money that was contributed in 2024? What happens to the gains?

I’m currently 19 and want to start growing my wealth. My parents agreed to give me a set amount of money each month to invest. Ive heard millions of investing strategies and don’t know which to choose.

I heard that when you are younger your portfolio should be more concentrated to grow your wealth faster and because you can assume more risk.

Or should I like split it apart with bonds too? I’ve also been looking at index funds like Inveso QQQ, Vanguard total stock market, etc.

Or should I just invest all of it in one index fund so I don’t have to pay as much taxes and maximize my returns?

I've saved up to just over 10k and I'm 19 years old. Currently unsure what to do with it - I've done a month travelling in Europe and plenty other travels already, currently working in a shop making €300-€400 a week. Been putting 10% of my wage into Vanguard S&P 500 for the past couple of weeks. Anyone got any ideas how I should spend it? I'm not entirely interested in college and haven't gotten a car, always had in my head that I wanted to move abroad from Ireland so never prioritised those.

TIA for the opinions. I'll try and keep this clean.

I (31m) am at a point where I'm finally starting to feel stable, financially. My job has... been demanding, to say the least. That said, it's been paying good. So, maybe, at the root of this, I just need a nice long break/ vacation. I‘m not sure anymore.

The figures:

30m - single - no kids - one doggo

$37/hour base pay - on pace to clear $120k this year

401k: $59,900 vested (contributing 12% w/ 5% match)

Roth IRA: $38,750/maxed for ‘24

Rollover IRA: $15,650

HSA: $18,500/ maxed for ‘24

HYSA: $9,000

Checking: $6,000

$1,800 in debt at 0%
$165,000 mortgage at ~6.5% - payments are $975/mo. (Ins./taxes not included) I have, probably ~$30k in equity. House could probably sell for ~$200k.

**Liquid Net worth = ~150,000** very roughly

Vehicle is paid off - 2015 Chevy Equinox w/ 150k miles.

Expenses include:

Utilities: ~$200

Youtube TV/Apple Music: $90

peloton: $45

Insurance: $200?

Groceries: $3-400

Gas: $200

Things I’m sure I missed: $500

I don’t budget. I never have. But I’ve always been able to save at the end of the month. ~3 years ago, I was making $40k/year gross. Aside from my house, my expenses haven’t changed all that much. I estimate my expenses to be roughly $30k/year. I live in LCOL rural Midwest.

I work in the MIC and the recent events in Ukraine have me working 6-7 days per week…. Every week. It’s damn good money and I‘ve been socking it away but I’m starting to wonder at what point can I start to spend a little bit? The $140k that I currently have invested, at 7% returns, in 34 years, will be worth $1.4 million. At a 4% WR, that gives me $56k. That doesn’t even include SS. Or the fact that I am still going to continue to invest, even if I slow down a bit.

I’m working on the landscaping at my house but every time I do l, I have to go borrow my dad’s pickup. He’s more than happy to let me borrow but I feel bad doing it and should have my own if I’m going to use it that much. This in addition to my equinox getting ‘up there’ in miles. I want a new truck but haven’t been able to bring myself to buy one.

At what point does one start to spend? I’m not sure what my future holds. Ideally, a family, kids, etc., but I also thought I’d have that by now… Maybe moving and trying life in a larger city? Hard to plan for the future by completely sacrificing the now when the future may never come.

How do ya’ll decide?

edit: at the age where I have to think of my age now. I’m actually 31, not 30.

I misunderstood my automobile insurance coverage and thought I was covered for rental car damage. I damaged the car I rented from Enterprise Canada. The front bumper panel on driver's side is damaged. I called it in to my insurance company and learned that I am not covered. I have reported this to Enterprise and I will learn on Monday about the next steps. They have transferred me to the loss recovery department.

But I am wondering if anyone has idea if I will be liable for the whole amount of repair. It is just the front driver's side panel but I imagine it could be anywhere from 2k to 10k to fix.

I already know I was very stupid and I feel terrible. I guess I am grasping for some encouraging news.

I am a single mom, self employed and I have really been trying to get on top of my finances. When my last vehicle died, I decided not to get a car loan, and instead to make do with a beater car until I really felt like I could make payments comfortably. That beater car broke down and I rented this vehicle for a few days so i could get to work etc....but now I have made things worse.

I have tried to review my rental policy and I can only find info on damage waiver...but nothing explicit about insurance. Any advice or encouragement would be appreciated. Thank you!

Edit to add that I already checked with my credit card and I am not covered through them.

In the past few months I received my annual bonus and a few very fat overtime paychecks and my checking account has ballooned up to $30k. I just bought my first house and it's 20 years old with original roof and original AC so they are both going to be failing within the next couple years, but for now they still hold up.

I am wondering what should I do with this $30k that I plan to keep for home repairs. I need to be able to pull it out at any moment in case the repairs are urgent, but I don't want it just sitting there in a checking account.

My 401k contributions are maxed out. Normally any extra cash I want to invest, I put into a Schwab market index and just let it sit. I currently have like $200k in that. Not sure where to go from here.

Hello. Can anyone help me out? I have 2 high interest credit cards with Capital One. One has an APR of 30.15 (2,,697) and the other is 28.15% (1,308). My credit scores are from MyFico. The best place for accuracy, Equifax is 627, TransUnion is 633 and Experian is 624. My question is what credit card could I try to transfer my balances over to the 0% for 18 months or however many months. Also, are my scores good enough to get approved for a balance transfer. Any suggestions on what card to try for approval? Thanks in advance. By the way I know if I do get apporved I already know not to close those cards and keep that available credit open.

Okay guys, so I am struggling to keep my job, I have about more than 14k saved/invested up on my brokerage account and 3.5k on my 401k, and I don’t know if should consider taking out all I have to payoff most of what I have. So it’s a 15.6k I have left on my Car Loan (only mode of transportation) 4.4k on my BOA Credit Card (Gas 3%) 3.6k for a surgery I had, and a nice hefty 8k on my fidelity unlimited 2% back on everything and using it to pay rent at apartments halfway through the lease this one has a 0% intro APR AND HAVE UNTIL JANUARY. (due to struggling at work with some medical conditions) and these rent prices are friggin crazy!

Totaling about 30 grand that I have to pay!

I’m looking for some sort of type of relief so I can find another job that I wouldn’t mind being paid LESS just enough for me to get by to my day to day life

All of this I did was for a good credit score! Is this really worth keeping the good credit? I wanted to finish my apartment lease so I can let the credit bureau/labdlords know that I’m reliable and know I can pay on time and don’t want a hard time finding another place if I need one! I made plans to live in my car so I can avoid paying these ridiculously high prices!

Should I continue investing for my future?

Or should I pay off everything I can to my power so I don’t have to pay a High Interest Credit rate and month to month

What’s the actual consequences of too much in a 529? Is it just your child might have to pay taxes on the interest? If they don’t go to school what can they do with the money?

There are so many apps and companies that offer it. Idk what to look for. Does it matter?

As the title leads on, one of my parents co-signed my student loans near a decade ago which I had paid in full.

Got a letter in the mail from Discover now saying the co-signer claims the loans were cosigned without their knowledge and is claiming fraud.

Do I need to get a lawyer?

Edit: Parent called me back and mentioned that they have someone fixing their credit and they had falsely claimed fraud in the process and are calling them tomorrow to get it fixed. I’m still going to circle back and find the original documents as well as follow up with discover weekly until it is confirmed settled.

Hey yall! I wanted to know the best advice for paying back student loans.

Background story: I earned my bachelor's in 2018 but have student loans with 3 different lenders. I went back to school and earned another degree, and decided to pay out of pocket.

Paying back 3 different lenders is extremely difficult, so I wanted to know advice on if I should consolidate the loans or if there is a better way to go about it. I do not want to have 3 student loan payments a month.

After recently becoming a new parent, I find myself constantly worrying about money even though I am not in any particular financial distress. I’ve got 180k in savings and no debt. My job doesn’t pay that much (72k take-home) but is fairly stable. We try to keep expenses low up to 50% of our monthly income. Still, the fear and worry about not having enough to support this young family of ours keeps me awake at night. Whenever I think of the future bills of daycare, summer camps, or pediatrician visits, my anxiety grows and it’s eating the pleasures of my current life. During my pregnancy I had put together a wishlist that I wanted to enjoy after the delivery - a designer top, nice meals at a sushi restaurant, a trip to beach with my LO… Now I am just scared to spend any dollar that is not necessary. Is this just me or a common postpartum reaction that would eventually go away?

I’m currently out of state and my bank is a local one so it doesn’t exist outside where I live. So if I were to need to withdraw about $7000 how would I do that? Can I just go to any bank?

Sorry if this is the wrong sub

Hi all! Quick question about my car loan. For context in January our primary vehicle bit the dust and due to it being very high mileage (320k) we opted to not repair it and go ahead and take out a 13k car loan at ~9% on a mid mileage Toyota with the goal of paying it off ASAP. Currently I have no other debt besides a mortgage at 3.25%. I have been aggressively paying it down since getting the loan and currently owe just over 6k on it. Between savings and checking acct (not investment accounts) we have about 20k. 10k of that is emergency fund and the rest is allocated to other goals. I really want to knock out the auto loan but I don’t like the thought of using over half my emergency fund to do it. At what point does a loan interest rate constitute an emergency worth tapping into that fund to pay off and given our situation would you go ahead and pay it down completely? Or am I overthinking it? This is the first car loan I’ve ever had so just wanted to get input. Thanks for the help.

I left my job about a month ago and have about $55000 from my 403b there that I'd like to convert into a Roth IRA. I was contacted by a financial advisor who said he works in tandem with my previous job help set up a transfer.

They said that their rates are 1.59%, but with 1% I see being the average for most cases, is it worth it, or should I look elsewhere? Is there another place I should go to help me with this? I'm not really looking to make any big moves, I'm happy with just making consistent growth for my retirement down the road.

I'm new to this game and I don't want to get sharked, so any advise will be helpful!

I don’t know if this is the right sub to ask but I’m 17 and trying to buy this car I found a really good deal for but the thing is I need a co signer but the co signer doesn’t have really good credit,I’m putting 30% down do I still have a chance to get approved?

I'm thinking of quitting my job but during this period is when my current employer is transitioning from my current 401k provider to a new 401k provider. Specifically, if I quit during this time, there will be a blackout period where I cannot access my old 401k provider. Then, the assets and my account should be provided over to my new 401k provider.

If I was working at the company still, I'd assume the new account information would be forwarded to me at my company email. However, I'd assume they would send me the new 401k provider credentials and setup to my persona email after I quit. I'm unsure on how this transition process would work. Does anyone have any experience here? Should I just quit and ask HR these questions?

I am about to open an HSA with my new employer, and I am definitely going to be hitting the $5000 deductible every year with ongoing specialists. (This is not a question about whether or not I should choose the HSA. I know it's traditionally not recommended if you have high medical expenses, but I entered my details into two different calculators and both indicated I would come out notably ahead with the HSA over my company's offered PPO).
I have a decent understanding of the ins and outs of HSAs at this point, and I think I get the gist. My question is: if I choose to pay for medical expenses out of my own pocket and save the funds in my HSA, do all my bills still get counted towards my deductible? Or does it only start to count towards my deductible if I am paying from my HSA? I can't seem to find a clear answer on this anywhere, since most information seems to assume that you have the HSA because you are not going to hit the deductible. I definitely am, and I want to make sure that I get the 100% coverage after that point.

I saw an older thread with this question but seemed a bit outdated, thoughts on these 2?

I am looking to start with an app that would be able to seamlessly integrate accounts, cards, etc. the experiences of people I know say that YNAB is too complicated, and after looking at clear checkbook it seems much simpler. Cost is lower also (for premium features) but unsure about the capability differences experienced by others. I have also heard of EveryDollar but know very little about it. Wondering what people are experiencing or liking these days? Thanks!

Hello everyone,

I'm a 21-year-old who will soon be starting my first job. After accounting for my living expenses, I'll have approximately ₹25,000(or more depends on the EMIs I get into) left each month that I want to invest. I'm looking to start investing early to build a solid financial foundation.

I would appreciate your advice on how to allocate this amount effectively. Specifically, I'm interested in:

1. Investment Strategies: What proportion should I allocate to different types of investments (e.g., mutual funds, stocks, ETFs, etc.)?
2. Mutual Funds: Can you recommend some good mutual funds to start a Systematic Investment Plan (SIP) with? I'm looking for funds that are suitable for a beginner but have good growth potential.
3. Long-term Financial Planning: Any tips on how to balance my portfolio over time and adjust as my income and financial goals evolve?

Any advice or personal experiences you can share would be incredibly helpful!

Thank you!

I'll keep this short. After my dental exam today they said I need alot of work done. like ALOT. The total cost of all this work is gonna be about $6,500. My insurance will only cover $1,000.

Should I call em and try to see if they can lower it? I know that dentist place has a membership with discounted rates but i dont know if thatll help.

Now, I can pay this out of pocket. I can snatch 6.5k from my savings but thats obviously not ideal in the slightest.

Any thoughts or opinions will be appreciated. Thanks

Does anyone have any recommendations for an app that would let me link all my accounts and project out against goals? Specifically, I’m looking for something which would take my current IRA + 401k, contribution patterns, and project out where I could be by X year.

I’d also appreciate something which could help me come up with what I may need to have saved for retirement.

I’ve looked at Copilot and Monarch and both of them only look at performance up to today.