Welcome! Before making a post, please check out some of the great resources that we've provided to answer your questions:

I have what I would consider a great job and get around 3k a month. I had so many debts to my name but finally only have 1.5k to pay.
How can I reliably turn everything around once I get clear of this debt? I don’t ever want to be in a situation like this again

I am trying to decide between a PPO and HDHP. I’ve never had this option before. I am a single person, mid-40s, and I see an in-network therapist once a week. Do people really stash money in an HSA and then track receipts for years? How should I think about this in the short- and long-term?

Thank you in advance for your thoughts and opinions on this. 

PPO

• Biweekly premium — $67
• Coinsurance — In-network: 10% after deductible. Out-of-network: 30% after deductible.
• Deductible — In-network: $400 individual / $800 family. Out-of-network: $800 individual / $1,600 family.
• Primary care physician office visit only — In-network: $20 copay. Out-of-network: 30% coinsurance after deductible.
• Specialist office visit only — In-network: $30 copay. Out-of-network: 30% coinsurance after deductible.
• Urgent care — In-network and out-of-network are the same: $30 copay for a freestanding Urgent Care Center; 10% coinsurance after deductible for an Urgent Care Center attached to a hospital.
• Emergency room — In-network: $250 copay + 10% coinsurance after deductible. Out-of-network: $250 + 10% coinsurance after deductible.
• Inpatient hospital — In-network: 10% coinsurance after deductible. Out-of-network: 30% coinsurance after deductible.
• Out-of-pocket maximum — In-network: $2,000 individual / $5,000 family. Out-of-network: $5,000 individual / $10,000 family.

HDHP

• Biweekly premium — $0
• Employee contribution to HSA — $1000
• Coinsurance — In-network: 10% after deductible. Out-of-network: 30% after deductible.
• Deductible — In-network: $1,700 individual / $3,400 family. Out-of-network: $3,400 individual / $6,800 family.
• Primary care physician office visit only — In-network: 10% coinsurance after deductible. Out-of-network: 30% coinsurance after deductible.
• Specialist office visit — In-network: 10% coinsurance after deductible. Out-of-network: 30% coinsurance after deductible.
• Urgent care — In-network: 10% coinsurance after deductible. Out-of-network: 10% coinsurance after the in-network deductible.
• Emergency room — In-network: 10% coinsurance after deductible. Out-of-network: 10% coinsurance after the in-network deductible.
• Inpatient hospital — In-network: 10% coinsurance after deductible. Out-of-network: 30% coinsurance after deductible.
• Out-of-pocket maximum — In-network: $2,600 individual / $5,200 family. Out-of-network: $5,200 individual / $10,400 family.

Hi there. Wondering about the feasibility of my plan for the upcoming year.

I’m looking to rent in downtown Toronto. That’s where my job is. I make $22.30 an hour which sucks but I get benefits, it’s full time, and it’s my dream job. I don’t need or have a car but I do need to use the train or bike, TTC is around $35 / week. I have a bike that I can use instead.

I’m looking at places that are up to $1350 / month because that’s the price I keep seeing for a bedroom in a shared house. That’s half my income. Any more than that, and when I do the math I’m not sure I will be able to afford anything.

I’m assuming i can keep groceries under $200. It’s pricey here but I have lots of options for shops, can go to my parents’ whenever to get some leftovers, and I’m not picky, I can budget this harder if I have to.

That leaves me with around $100/week for anything else. I don’t need much and I can cut out all the subscriptions and shit I have now. I have enjoyed really low rent and mostly free food for years. So I just don’t know if this will be alright. It doesn’t sound too bad? I think I’d just have to be mindful of stuff like nights out with friends, and I won’t be able to enjoy Spotify premium anymore. Whatever. I care more about living in Toronto close to my friends and my job than anything else.

This hopefully won’t be long term. I’m hoping I can move in with my partner next year or so, but if that doesn’t happen I’ll look for higher pay or a cheaper room further away from downtown. Does that sound like a good plan?

Not sure if this is the correct place to post this question. If a person has 1M at retirement age, I know that the recommended withdrawal rate is 4% so 40,000 a year. If my current cost of living is 40,000 a year, how do I plan for what it will be when I retire in 35 ish years with inflation? I was thinking I would need 1 million to retire, but is it actually a lot more because 40,000 won't be enough at that time?

Im a foreign Student doing a Masters in Köln, Germany

I found a place in the Center of Leverkusen for €550, its a very City Center/Shopping area very close to the Galerie (Mall) and a 50 minute commute to my Campus, but it was only available after 1 month, so I paid €400 in advance as part of the Caution.

Therefore I had to look for a place for one month and I found one with a Family, in the Porz area very close to the Airport, suburb-like area with between 1 Hour and 1 hour 30 minutes commute, since I got along with the family they have offered me a permanent room for €370.

If I understand my Reserve Contract correctly, I would loose my €400 if I dont take the room regardless of the reason which sucks a lot but I guess I would break even in 2 months.

My monthly Budget is €992 and I will have to pay €150 for Insurance (Which I think will increase next year when I turn 30? But Im not sure.)

I am honestly not quite sure what to do, I want to hear different opinions.

Local credit union hysa is offering 6% on up to $25k which seems like a great deal but they are requiring 15 transactions/mo.

I usually charge everything and want to keep doing so for points but are there any hacks to get in 15 tiny charges each month?

Rules: Debit card transactions exclude (are not): ATM transactions, P2P transfers (like Venmo or Cash App), ACH/EFT transactions, wire transfers, currency purchases, money orders, or account-funding transactions (like Apple reloads).

​

Hello I need help getting out of debt, currently debating if I should consolidate all my debt into one big one I have looked at like sofi,onetime financial and I even tried 3 different credit unions. I want to try achive but I can't really find much about it so I'm worried I will get scammed, any advice is appreciated.

I know the when people consolidate their debt they tend to fall back on old habits but I honestly think I won't make that mistake again my life is currently less of a mess then it was Im on a more stable place then I was 3 years ago.

I’m a 37-year-old man with around ¥80,000 in savings. I earn a little over ¥6,000 a month, but my total monthly expenses are around ¥7,000. On top of that, I have to pay ¥4,000 a month on my mortgage.
So I’m spending more than I earn every month, and my savings are slowly running out.
I’m wondering if there’s a sensible way to invest some of my ¥80,000 and make my money grow, or if I should focus on cutting expenses and getting my finances back on track first.
If you were in my shoes, what would you do?

Trying to decide if we should set up a trust or not. Live in GA where probate apparently isn’t horribly long. Two kids, one established and other still in college. $5k is a lot and I want to be sure it is something worth doing.

Broke law student with a wilting IPhone that is ten generations older than the 17. Should I try and find an Iphone 11/12 on OfferUp for around $200 or pay for a newer but still used Iphone through AT&T over the course of three years? Not sure how to make the best financial decision given that I fear if I get a used phone I will be in the same position in another few years.

​

Hi everyone,

I just turned 18 and my guardian has decided to give me an allowance of ₹10,000 per month. The condition is that I must use this money to learn how to invest, understand the stock market, and start an SIP.

I am a complete beginner. I have downloaded the Groww app, but I honestly even don't fully understand how to use it properly yet or where to safely put my money.

A few details:

- Time Horizon: I want to invest this long-term (5+ years / for my future).

- Risk Appetite: Since I am learning, I want to start with something safe and steady, not high-risk trading.

- Setup: I am currently getting my PAN card and bank account sorted out for KYC.

Questions:

Should I put the entire ₹10,000 into one Mutual Fund SIP, or split it?

Which specific type of mutual fund is best for an absolute beginner on Groww? (e.g., Nifty 50 Index funds?)

What are the common mistakes I should avoid on the Groww app?

Thank you so much for the guidance!

Hellooo! I don’t know if this is the right community to ask but I hope someone can help meeee. We loan car and my mom’s bank is maybank. She forgot her username and password. We want to open her maybank account to see the transactions there. For the past 4 years, our agent has been processing everything for us, and he charges convenience fee that costs quite a lot. That is why we decided that from now on, we will pay by ourselves so we can save.

Can u please help uss??? Is there any way to access her maybank account before going to maybank’s office?

Thank you!

Hi,

43yo £250K net worth, the house is worth £300k but I still have an 8year mortgage on it for £90k. I have and a salary of £45k.
I bought a house couple of years ago and put all my savings and investment in the deposit. I’m now trying to play catch up while also paying my mortgage. I have £18k between my LISA and my S&S ISA. The salary is what it is and I live a very frugal life.
I’m single with no kids.
I’d love any advice on how to be work optional in my 50s a possibility!

This question keeps coming up here, so putting down what I understand and asking for corrections.

Same insurer, same plan, online is often cheaper. Partly because there is no agent commission, partly because some insurers price online-only variants differently. The cover is identical if the plan name and features match.

What actually decides the claim is not the channel:

- Full disclosure on the proposal form (tobacco, alcohol, conditions, other policies). Non-disclosure is the most common reason claims get contested.

- Medical underwriting. If tests are offered, take them.

- Correct, up-to-date nominee details.

- Section 45 makes a policy incontestable on most grounds after 3 years.

Where an agent helps: filling the proposal correctly, and supporting the nominee at claim time. Where online helps: lower premium, no push towards ROP or endowment, and documents arriving instantly.

Some insurers sell term only online (Acko Life is one), while most traditional insurers sell the same plans both ways.

IRDAI also requires death claims that do not need investigation to be settled within 15 days of complete documents. Has anyone been through a claim on an online-bought policy? Did the channel make any difference?

Hello. I am a 19 year old college freshman. I have over 10 thousand dollars in savings from a job I worked in summer in highschool. I didn't have much to spend it on then, so it went to savings. Now I have a need. I want to buy new things and go new places. But the job market is so terrible I can't find a job. Every purchase I make is a stab in the gut because I'm not replenishing what I spend. Should I keep spending money because I have enough and just be conscious about it, or try to minimize spending until I can get a job? Edit: To clarify, my housing, food and tuition are covered. I am talking about personal expenses.

Long story short I’m 31, married with a toddler and another due in February. Overall we are making a combined income of about 130k but in total debt we have a little under 100k between flight school loans, credit cards and car loans.

We don’t have much in savings or investments and are eventually trying to buy a house but just looking at the whole picture and where to even start is a bit overwhelming.

I’m currently a flight instructor about to go to the regional airlines soon so we are going to see a pretty substantial pay bump in the near future but I want to start making changes now.

Any and all advice would be appreciated just where to start I’m new to this so is it tackle the debt first and is there a best approach to becoming debt free or have an emergency savings?
Start investing in the S&P 500 on a monthly basis? And also in combination with retirement savings?

Say there’s a large bubble that bursts in the stock market and there’s a recession.

If you’re still employed and have an emergency fund should you shift funds into buying the market at a discount?

It’s like if things get insanely worse with the market it’s not like the money will matter in the future anyways so may as well invest like the ultra wealthy right?

Is there any reading material on scenarios like this?

My dad is in his early 60s and unexpectedly lost his job yesterday. He has six months of severance, but I'm really worried about my family's financial future.

He recently invested six figures in cash into starting a new business that hasn't opened yet. The opening is planned for November, but there's been little marketing and it serves a niche market in rural America. Who knows how long it will take to become profitable and cover his living expenses. I told him either go all in on this or start looking immediately for a new job. Possibly both.

He took an early withdrawal from his 401(k) and has credit card debt and education-related loans to repay.

His employer health insurance ended, and COBRA is expensive. Two family members have ongoing medical conditions requiring continued care. Dad is recovering from cancer remission at the same time.

My mom and two siblings still live at home and depend on his income. One sibling just made a career switch and the other just graduated high school and is working to save up on higher ed and gaining independence.

He has a noncompete that may limit his ability to find a comparable job. He doesn't have a LinkedIn profile, and I'm worried finding another job could take a long time, especially at his age.

My parents own a home worth approximately $1M, but there's a mortgage and other debt. Selling and downsizing is a possible last resort.

I live out of state and am financially independent, build my own life while worrying about what happens to my family. Worst case, I might tell one of my siblings to eventually move in with me, but I don't want to make rushed financial or housing decisions.

Mortgage: $400K remaining
Student loans: $200k
CC Debt: $60K
Non compete looks to be about 6 months
Car loans: $20k

Even if the house gets sold, after all the costs covered, that doesn’t leave much wiggle room with remaining cash for a year. And that’s depending on if the business even takes off successfully.

He used to make around $200k+ before.

I’m 24, just graduated, living with my mom, and currently working as an engineer. I make about $5000/month with random bonuses here and there and don’t have any bills right now, so my original plan was to stay home for two years, aggressively pay off my student loans (34k) in 15 months, while saving for a new car + moving out.
I communicated this plan to my mom, knowing she was already planning to take my current car and give it to my younger brother. However, things at home have gotten to the point where I’m seriously considering moving out sooner than planned. My mom has been emotionally abusive for most of my life, and justifies it with financial support, and keeps threatening to take my car anyways.
Now, I’m thinking about moving out in the next 4 months. My tentative budget is to put $5,000 down on a car, keep my monthly car payment around $300, pay $1,200 in rent, and put $1,000 a month toward my student loans, making the pay off 3 years instead of 15 months. Am I setting myself for financial doom?? I have money saved and plan to have 15k saved for moving expenses by then… Has anyone been in a similar position and knows the best route to take? Finances stress me out and I’m struggling to figure out car insurance and all that jazz

I'm in grad school to get my master's in Speech Pathology, and we have to do clinical rotations that will have to be during daytime hours, so I can't continue working my current job. I am considering working the night shift full time, but I'm a little worried about if I'm going to be able to handle it so I'm trying to hold off.

Good news is that I have the tuition free and clear in savings, so I don't need to go into debt for my degree, and I also live with my parents, so I'm not worried about rent. Aside from tuition, I have about $15k in savings and $31k in my retirement account. I started my Roth IRA last year and maxed it out, and am planning to do so again this upcoming January.

Is there anything I'm missing? Things I should do now while I've got a salary? I'm assuming I'll have to go on Medicaid for insurance (I have a few chronic health conditions that I need to see providers for regularly), but I'm worried about income limits--does anybody have any advice for how to manage that? And for retirement, where's the best place to put whatever I can save for it if my next job doesn't have retirement benefits like this one does?

I 16(M) started my first job in August. I get payed 15/hr and work about 21 hours a week. I want to know what I should do with this money to help set me up well in the future. I don’t want to put all my eggs in the same basket so to speak. I was thinking of putting some in a high yield savings account, but I’m not sure if the high yield somehow implies a higher risk. I’m also trying to read up on stocks.

So I thought I’d ask y’all if there’s any other ways I could diversify my savings.