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,

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!

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.

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?

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).

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?

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?

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 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.

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?

hello, I (16F) come from a family where I do not need to worry about money. And my family is bad at managing finances, from my perspective. It is too tedious to explain, but since I came from the same background, I don't want to end up the same way.

But I realise I am already addicted to shopping, just like my sister n mom. My spending in a month or less could double the minimum wage in my city, but my family’s is worse. You get the picture.

So I am asking for tips to save money and not end up like my family. I hope its not too late for me. I'm also asking these because my father is retiring soon.

I have tried saving up, but somehow they're always used by the end of the month. Yeah, I need self-control

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.

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.

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?

Partner and I have a take home of $5600. Have $14k in a money market that we use as our emergency fund (6 months of expenses), $7,750 in a Roth IRA and about $5500 in cash. We have fixed expenses of ≈$2200 and invest about $1150. We do spend about $750 a month on going out and end up saving the rest. Sometimes months our tracking is off but we average $1,500 left over at the end of the month. Wife is more of a spender than I am, says we can afford to spend more but not too keen on the idea but I just want to gauge how we are doing from an external perspective, if it’s smart to spend a little more or maybe invest a little heavier
Thank you !

Hey Y'all!

I am sure this has been posted a plethora of times, and for that I apologize, but somehow reading about others doesn't help me figure out / envision my own future, so I'd love feedback on my situation/goals/whatever you'd call it.

I am 22 years old and a recent university graduate (USA). I have started a new job in a medium to high COL city, earning $80k per year. I've been navigating personal finance and credit cards and bills as best I can but looking for some more feedback, ideas, etc. I have been trying to figure everything out but it all feels overwhelming.

As of right now:

I am putting away 6% of my 401k to get my employee match. I'm doing 5% to Roth 401k and 1% to Trad 401k in order to get a 5.5% and 5% split. (My employee matches 4.5% to the Trad).

I am also putting away 5% of every pay-period (26 pay periods) to my savings account to help rebuild my savings as I ended up draining it moving half-way across the country for this job and all.

I have ~$12k invested and ~$10k in student loans which my parents promised to help with.

I am contributing $150 per pay period to my HSA and will change this to the maximum to max out my HSA for next year.

I am trying to grasp what my next steps are. Should I re-build my safety net entirely (3-6months?)? Should I keep contributing to it with my 5% and invest the extra money instead? Is it worth opening a Roth IRA right now?(Was thinking RH Gold since I'd like to get the CC eventually for 3% back)

I am also trying to figure out my banking and credit card situation. I believe I have a good credit card combo with the WF Autograph Journey and AMEX BCP to cover everything I need, and I will get a 2% catch-all once I hit all my SUBs. But I have kind of hated banking with WF and having my savings with Discover.

Where would be the best place to get advice for a new checking account and HYSA (if not here)?I am happy to provide more info in a comment or something for my Credit Stuff or whatever if necessary.

I am sorry if I missed something, my brain feels so scrambled figuring everything out. I will do my best to reply for any other specifics as I know it helps you guys give the best answers.

Thank you for those who are able to help and give some advice. It is greatly appreciated.

I just paid off my car loan in Texas and want to make sure I handle the next steps right. The car is in my Father name, and it was financed through Toyota Financial Services

From what I've read, the lender has about 10 days after my final payment to release the lien. If it was a paper title, they mail it to me. If it was electronic, TxDMV converts it to a paper title and mails it once the lender sends the release. Is that how it went for you?

What's the process to get the title in my name? Is there anything extra if the car is currently under my Father.

If I put the car in my name, will my insurance go up? I'm not sure if the title matters or just who's listed as the driver on the policy.

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?

Hi everyone,

I'm looking for some recommendations on UK banks, building societies or savings accounts where I could deposit approximately £29,000, or potentially half that amount.

I've been investing through Stocks & Shares ISAs, but given the current economic uncertainty, I'm considering moving some of my money into something more predictable, where I can earn a reasonable return without worrying as much about stock market fluctuations.

At the moment, I'm considering two options:

- Option 1: Put the full £29,000 into a savings account, preferably one offering a competitive fixed interest rate.

- Option 2: Split the money roughly 50/50, putting approximately £14,500 into a savings account and the remaining £14,500 into a Trading 212 Stocks & Shares ISA, invested in VWRP (Vanguard FTSE All-World UCITS ETF).

A few things worth mentioning:

- I'm unlikely to need this money for at least 2–3 years, potentially longer.

- I'm comfortable locking away the savings portion if it means securing a better interest rate.

- I'd prefer a straightforward savings account with a reputable provider and FSCS protection.

- I'm interested in fixed-rate savings accounts, Cash ISAs or other suitable alternatives.

- My main priority is balancing capital security with reasonable long-term growth.

This would probably be my main savings account for the foreseeable future. I'm not necessarily looking to chase the highest possible interest rate, but I would like something reliable and competitive.

Would you recommend keeping the full amount in savings, or splitting it between savings and a globally diversified ETF like VWRP?

Also, are there any particular banks, building societies or savings products worth considering? Would a fixed-rate Cash ISA make more sense than a standard savings account, particularly when accounting for tax on interest?

I'd appreciate any recommendations or personal experiences. Thanks!

EDIT Its 27k but close enough ig

Hello everyone, let me be vulnerable, but I am moving for a new grad nursing job in Vancouver, WA from Bay Area CA. I, however, have 2.6k in debt: to be exact, 1.06k on Discover, which I am in the hardship program for, and 1.8k on my Capital One card. Now here's my dilemma: my income was from being a babysitter/nanny. I lost one of my families, so now I just make $527 per week. I have $637 in my HYSA, and this month I want to use my 1.7k from my job to pay for the security deposit. Mind you, my credit score is 737, and I want to keep it high. I did all the hard work to be debt-free just to fall in the cracks when I needed this credit the most. To be exact, my car is a 2012 Acura (no monthly payments), and my school CC to State school was paid off by FASFA, so no student debt. And I don't have any loans in my name. So this is new to me, and IDK what to do. Sincerely, what should I do to keep my credit score, successfully move out.

And for anyone curious, the debt arose from car repairs, pet insurance (accidentally pressed the yearly), WA nursing license, and fingerprints. And obviously not from adjusting my spending from my new budget; I am not materialistic and hate fast food, so my spending is not from there. Mainly travel.

I am currently in my 4th year of a 5 year program and am needing to start thinking about the future(more than I already do). I have been doing some research on the best way to grow my money outside of just working. I was hoping for some recommendations into different savings accounts that will offer me the best return on my money, as well as if getting into self traded stocks is even worth it.

Some background:
• I have consistent income while I am on my work rotation, but only have the remainder of this semester and next summer where it will be full time work.
• I am currently saving for an engagement ring, as I plan to propose at the end of my 5th year.
• I have a Roth IRA account that I typically put 3-5k a year in
• I invest with Ameriprise. Currently holding around 30k in there, but do not plan to touch it until I am well into my full time job, likely not even then.
• currently am banking with 5/3 and have a chase sapphire card that I use for pretty much all of my purchases. Holding onto about $650 in points on that account, which got me thinking about getting into the in app investing that they offer.
• My debt is limited, as I’ve been extremely blessed with a mother who has provided me with my education, but I pay all other expenses like rent and food/gas.
• I am not looking for some crazy investment/savings plan, just something that I can be confident in and not need to worry about losing my money.

My knowledge in finance is limited. I have been trying to learn but am still fairly novice. If anyone has any type of advice I’d greatly appreciate it.

1) Does anyone have a clear easy detailed budget template they can share? All of the others I have found doesn’t break things down enough. This makes it exceptionally difficult to accurately create a useable budget.

2) How do I budget for variable spending such as gas, car repairs, vet bills?

3) How do I budget for things that are only infrequently payed- annually or every other year? Example is renewal of professional license, car tires, new tech?

Currently have HDHP with HSA that I max out each year. New health plans are being introduced. The lowest cost plan is more affordable than what I have now but without an HSA. Next tier up has an HSA but more than what I’m paying currently.

Granted my HSA will still grow due to being invested though won’t be contributed to if choose the lesser plan.

My guess is it’s better to choose the higher health plan with an HSA with the ability to contribute.

Is it as simple as that or should I do cost of health insurance premiums compared to estimated ROI with HSA investments/contribution?