Best strategy for paying down student loan debt for my *snowflake* situation. I don't want to bankrupt my future, but I also am not looking for taking risks like getting my hopes set on loan forgiveness. Specific details inside. [more inside]
My tenant of 6 years is moving out and I cannot decide whether I want to rent it or sell. I’ve tried several online calculators for this type of thing and gotten different recommendations. My condo is in Denver, CO, one of the hottest home and rental markets in the country right now. Rental occupancy rates are at 96% and rents have been increasing at about 10% annually. Home values in the past year have gone up almost 15% in the last year with 6% growth projected next year. Details after the jump. [more inside]
I'm in my thirties and I just got my first 'grown-up' job. Now find me a book that teaches me grown-up finances. [more inside]
I've just finished doing my Canadian taxes using Turbotax. The net income calculated by inputting my T4 is higher than what I actually netted (calculated using excel + mint) by about $8000. [more inside]
Marriage / Employment filter: My wife is finally incredibly happy in her job (a new career), but it hasn't paid a check for 6 months. I want to be supportive, but all I see is her working her ass off and not getting paid. What do we need to talk about / to weigh at the 1 year mark when we assess her getting a job with a salary? (see within for a very long story) [more inside]
I've been working in France for the past year and am leaving permanently in one week. I've been churning through all the various administrative tasks but I'm a bit confused about tax. I know that this year I will need to pay my taxes for 2014. The question is, do I need to inform the government that I am leaving, or do I need do anything else before I leave? How do I organise paying my taxes from Australia? [more inside]
What kind of business can I run that could bring me $30k + per year after expenses? [more inside]
I'm a poverty-stricken grad student writing a dissertation. I want to use what free time I have to supplement my income. Ideas please. [more inside]
Anyone have any creative ways to generate income with a property other then renting or selling it? This is a multi-million dollar property I am in possession of, but can't sell or rent. It's located in NJ about 30 minutes from NYC.
While driving in very remote small town I was cited for Failure to Stop. There are problems with the case, details here are not pertinent, I meant to contest in a hearing but forgot to send in the papers. Now MA wants to suspend permission to drive in the state unless I pay $380 to avoid the suspension. I barely have half that and rely on monthly social security. What can I do to find a solution to this problem? Before Dec. 31.
My husband's been offered a position in Toronto that would advance his career somewhat, but the effect on my career is a Huge Unknown. [more inside]
Somewhere in the murky corridors of the internet I once read an article about how certain societal problems (HIV rates, road death rates, homicide rates) are higher in countries with greater income inequality (a higher Gini coefficient) than in countries that are poor but with more equally distributed wealth. Where can I read more about this? Well-written, accessible-for-a-layman book recommendations particularly gratefully received. (I'm currently reading Alain de Botton's 'Status Anxiety'.)
I am wanting to compile a list of jobs/vocations/skills that you can do from home with the added bonus of said vocation/skill not only bringing in some sort of income, but also cutting down on expenses. [more inside]
How do I make a ridiculously high rent increase to catch up with the market fairly and without feeling bad about it? [more inside]
In March, I had a stroke the week before Winter Quarter finals and it resulted in right hemi weakness. I have made lots of good progress in recovery and continue going to physical therapy, but after a summer of my savings being eaten by medical bills, I am trying to figure out ways to make some money. My circumstances make that difficult. Details within. [more inside]
I posted here about my financial situation of being on disability for mental health reasons. Right now my PTSD symptoms are huge and all-consuming, so I am not able to accomplish much at all. However, I'm hitting a financial crisis point and need to find some remedy. My credit is too bad to get any kind of loan and I don't know who I could ask for one personally. Do you have any suggestions?
I'm putting together a gift basket for someone who is on a low, fixed (disability) income. What sort of household staples might they appreciate? [more inside]
There's a couple of apartment complexes that I've been looking at, but they're income restricted - you have to be making less than $36,960 for one person to qualify. I don't know if I qualify, even though my income is lower than that, because I'd also be going to school part time at a local community college for the next year or so. Here's an example of an apartment complex that I'd like to check out: Addison on Fourth. [more inside]
I am a professional poker player and I have averaged $670 per hour over the past 11 years of poker. When people ask me what I do for a living, and I tell them that I am a professional poker player, they often are incredulous and say "you make enough to live off that?" How can I openly and honestly convey the truth is I have made millions and I make over $600 an hour? snowflake details inside. [more inside]
My spouse and I are going to leave our jobs at the end of the year and travel internationally throughout 2015, with no income. Are there any strategies we should be following to make the most, tax-wise, of this change? [more inside]
I am unable to work because of disability. I collect SSDI and while I get food stamps, I only get $17/month, which doesn't go very far. Since I went on SSDI in 2010, I've tried various ways to supplement my income, but I have yet to come up with anything reliable. Budgeting is not the problem; there simply isn't enough money. Plus, it would be nice to improve my quality of life even a little bit. [more inside]
Is an accountant obligated to report unreported income to the IRS, if the conversation is not pertaining to the completion of my tax return? [more inside]
Should we get married this year, or will that end up in a tax penalty, considering our incomes are similar and we would end up in a higher tax bracket? [more inside]
I'm a young, able-bodied, well-educated guy in NYC with a reliable 9-5 office job. I'd like to use my abundance of free time (evenings and weekends) to earn some extra cash. I've thought of tutoring and babysitting (I live in Brooklyn, so there are a lot of kids around.) Any other ideas, short of donating precious bodily fluids?
I have owned a condo apartment for five years. I do not have a mortgage. My parents gave me the money to pay for it cash, and I pay them back at a rate $800 a month, no interest. The condo was not a gift as I'm fully expected to repay my parents. I suppose the "gift" was a loan with no interest. I want to move out and rent my place out. More details inside. [more inside]
What strategies can I use to convince my husband to more openly discuss our household finances with me? [more inside]
My googlefu is not up to snuff. I used to have this interesting website bookmarked on my computer at a previous job, and now I can't find it. [more inside]
I'm currently a junior level mobile developer for an air travel .com company. It's a full time job. I'm also working on developing an iPhone app which is a Foursquare client (currently free, but developing it more until paid features can be added once I reach a reasonable point of development). [more inside]
I asked earlier about how to invest my savings (twenty-five thousand). And although a lot of the answers were good, many were not realistic for someone living in Canada, as our tax laws are different. Also, I have decent retirement fund already so I don't want to put anything into that. So for now I'm just keeping it in my 3% savings account until I decide later what to do with it. [more inside]
Having found the lump a year ago this June, it took me until today to find the courage to try doing something. Many of the sites I found said to go through my local health department, so I finally worked up the courage to walk in today. They had no idea what to say, and no longer offer any program that would help. I walked out with a pamphlet for a clinic in another town that they think "might" have a program to help with a sliding payment scale but they weren't even sure about that. [more inside]
I grew up lower/lower middle-class, and worked to support myself from my teens (now early 30s). I've never made a lot, but always managed to feel pretty stable and live without debt. Because of my family's money problems as a kid, financial independence has been really important for me. I decided to go back to grad school, and have taken out huge sums of money to do so. My partner, now graduated from grad school, is beginning a new, fancy job, which will place our incomes far, far apart. We're planning on a life together, and it won't be long until I am earning an income again (rather than living off of loans), but he'll still make more than me, and I'm really struggling with _not_ feeling like a charity for him in the interim. How do you deal with this? [more inside]
I'm clueless as to how one goes about getting welfare. What can I expect? Is it easy to get? [more inside]
I'm new to the world of freelance writing but not making enough to hire a tax advisor. Should I start paying taxes in September? And how can I write off the depreciation of my laptop? [more inside]
Is there such thing as a financial coach for someone in a low-middle income level? If so, where can I find this person? [more inside]
Is investing half my income into silver a pretty good way to go for my future? [more inside]
I am taking a new position where I am paid a non-taxable income/stipent. Essentially my position is funded through a grant. I am not a student, this is a full-time and temporary. I am afraid when I go to file my taxes next year something might come up where I do have to pay taxes. I guess I don't fully trust the government in not wanting to place their sticky hands on my money! Is there anything I should be aware of? Should I file my taxes a certain way?
Somewhat unexpectedly, I find myself working as a full time freelancer. Help me anticipate the tax situation. [more inside]
Should I e-file my taxes? Specific computer phobia (or phobia of the IRS) is involved. [more inside]
I'm starting to get a few requests for speaking engagements and seminars, and I'm not quite sure what to expect on the business side of things. At the moment, these are private individuals who have a little experience with event planning, and know that I could draw a decent audience to a workshop. I'm a little unsure about how profits should be split between me and the organizer. I don't have a problem with the organizer making some money, but I'm the one providing the content, and I want to be fairly compensated. How does this generally work? [more inside]
I LOVE horses. When I am around a stable I am my true self- calm, peaceful, happy- it is what I day dream about. When my life is crazy, I close my eyes and imagine being in a stable or riding. I know that I want to have a stable. I am by no means a wealthy person. I am still in grad school so ....and I am not planning to be a Dr or lawyer. I am wondering how can I own my own stable. I don't want to just own a horse and board it, or just take lessons on the weekends. How much would it cost to own a stable? I guess that I could board other's horses to defray cost. What else could I do to make the horses earn their keep? I'm thinking I want to own 3 of my own horses- for myself and my family. Is there any $ in selling horse manure? What about running a lesson program or an equine therapy program with PTSD vets, youth? Could I own the stable but NOT run the programs? What are the start up and yearly costs of owning horses and a stable?
How have sociologists and/or economists historically defined or measured "middle class" in the United States or the developed world generally? I mean over the last 100-200 years. [more inside]
My two sisters and I were equal beneficiaries in a realty trust. This past year, my older sister bought my 1/3 share (as well as that of my sister.) According to the legal documents, it was a "transfer of beneficial interest". Other than signing and notarizing the documents to transfer the real estate share, nothing else official occurred and my sister just paid us our fair share of the assessed market value. She is not planning on reporting the transaction. I have no idea if I owe taxes on the money I've received (and will also be receiving this year - it was divided into a few payments) and if so, what kind of tax that might be. [more inside]
What are the income percentiles in Sweden? [more inside]
How high was your gross income when you felt able to make the maximum contribution to your 401(k)/403(b)? Is contributing close to half of my already modest income a bad idea? [more inside]
I have $5000 in my savings account, I already contributed the $2000 I earned this year. I want to contribute $3000 more from my savings at the end of this year but I am not sure if that is even allowed, since I didn't "earn" it. But then, how would the IRA or my roth IRA holder even know? I didn't even make enough income to require filing for taxes.
Although I'm a highly educated woman in my late thirties, when it comes to money I'm basically a fourth grader. Tell me how you managed to be a financial grown up. [more inside]
Excel help: I'm trying to input a dollar value into a cell and have the output be the federal income tax for that amount (just using the brackets). Federal income tax is calculated such that the first x dollars are taxed at rate R, the next y dollars are taxed at rate S, and up through several different rate brackets. I can do this calculation with a simple IF statement using multiple cells by summing the result of 5 separate bracket calculations. I'm not sure if I can cram it into one giant formula. Suggestions? [more inside]
My fiancée and I are thinking of getting married in a few months and we're both still in school, I work part time and make about $20,000 a year. She does not work but receives vocational rehab and Social Security (SSI) for her permeant disability she was born with. [more inside]
Household finances: My SO and I have started to give ourselves "allowances" to put an outer limit on our discretionary spending. Have you done something similar? What did and didn't work? Any thoughts on the specific questions inside? [more inside]