My (hypothetical) offspring will know a level of privilege and wealth early on in their lives that... frankly, blows my mind. How do I make sure that my kids grow up to understand the nuances of poverty, affluence, and everything in between? [more inside]
Wondering if you could help with a risk-benefit analysis of lowering the amount of insurance on my car. I still owe money on it, but I could potentially pay it off and then save money on my insurance. BUT is the insurance good to have anyway? [more inside]
I'm looking for personal finance blogs for single people in their 30s. Recommend your favorites! [more inside]
I'm in need of a new bank. I've decided to go with an online only bank because of their lack of fees and 24/7 customer service. My choices have been narrowed down to Ally Bank, Capital One 360 or Charles Schwab Bank. Comments based on personal experience with any of these banks would be greatly appreciated.
My new employer is adding what looks like a pre-tax contribution of an extra 1k to my paychecks monthly to pay for health insurance and the remainder is meant to be put in to an HSA. My wife's insurance plan only costs us $210/mo and the HSA contribution limit for a family is $6550/yr what is going to happen to the remainder of the money? [more inside]
Can you recommend budgeting and personal finance courses, or where I should be looking for such a thing? [more inside]
My family's income has just increased, and we're having trouble choosing between financial priorities. Advice? [more inside]
Need help deciding what to do with my investment finances, including rolling over my prior Co. 401k rollover. I hold 2 401ks, 1 Roth IRA and I'm planning maybe on an index Fund. Details inside! [more inside]
MeFites have always been pretty good at giving basic financial advice, like how to start saving, building a budget, getting out of debt, etc. I'm there already. I find myself in the surprising situation of being comfortable these days, and I'd like to know: what's next? [more inside]
We want to buy a house but my credit is less than perfect. How bad is it? Well, you'll have to look inside. [more inside]
I took a hard look at my budget and I spend way too much on food and groceries. On a per meal basis, the bulk of my costs are for meat. I am an active individual, and I want to be able to get 20-30 grams of protein per meal. What are my options here to cut my costs and still get my protein? I already eat eggs for breakfast and sometimes dinner, but I can only take so many eggs.
I am buying my first car. I am thrifty so I'd like it to be used because I think I will find the best deal there; I just don't like the idea of spending all of that money for a rapidly depreciating asset and I'd rather buy it after it has already depreciated some. I am looking for one of two types of cars, either: 1) A sporty, but economical car (think Honda S2000, Mazda Miata) 2) A long lasting electric/hybrid (ie Nissan Leaf, Toyota Prius, Corolla, etc) Please let me know what your suggestions are, along with any caveats to buying a used car. I do not know much about cars. Should I bring a friend who does or hire a mechanic to inspect my car before purchase? Also, where is the best place to find a good deal? Thank you all.
I have a bunch of money I've been wanting to dump into a low-fee index fund all year. (It's my retirement account.) I've been holding off because of the whole budget/debt ceiling business that's been going on all year. It looks like events will be coming to a head this week. If the market totally craters, would that be a good time to buy? [more inside]
The family's cars all got busted around the same time. They need to be replaced. I, individually, need to buy a used car. This will be the first car I buy on my own account. I have a tight budget, and I can't afford a mistake. I don't want to buy a money sink, but I don't want to sink all my money up front, either. I don't know cars at all: How can I find a good deal? What should I avoid? Details inside. [more inside]
Recommend me some resources to educate myself about long-term financial planning. Difficulty: international couple, moving to third country, no idea where or when we will establish a permanent residence. [more inside]
Quicken has always been overly complex for our needs. We have very basic financial management needs. First priority: import 10 years of spending history in Quicken and continue to categorize, track and report on all transactions from a half dozen accounts. Last priority: budgeting (so YNAB may not be for us?). Simple is better. [more inside]
Piggybacking on this question: I've had several friends who have had success with Dave Ramsey/FPU, but I don't like the emphasis on "biblical principles" (among other things). But because we get easily overwhelmed by too many options, I think we'd benefit from a really specific financial program that tells us exactly what to do, step by step. Other suggestions, or should we just suck it up and, uh, go with God? [more inside]
I never had any money. Now I have $600,000. Help me not squander it (and maybe even beat inflation). [more inside]
So, I feel like a weirdo because I've discovered that though my husband and I, who are recently married, still keep many of our finances separate, most other couples combine everything. Friends who I've discussed this with think it's strange that I am paying off my own student loans instead of it coming out of both our incomes. I think combining everything is a little strange and uncomfortable, and I feel like I should be responsible for my own debt. Are we going about things completely the wrong way? [more inside]
As we discuss our future together, and with other big changes afoot/underway, my boyfriend and I would like to see financial advice about some specific questions/scenarios but I'm not sure what kind of advisor we should be seeking out. [more inside]
I want to understand retirement savings and long-term investment products. Who do I want to speak with and how I find them? (Some relevant details inside.) [more inside]
Laid off and underwater. . . are there any programs that can help me to keep paying our mortgage? [more inside]
I'll soon be debt free. How do I make the most of it? [more inside]
I am looking for resources-- websites, organizations, books-- on personal and business finance for sex-workers. Topics of interest include paying taxes, dealing with untaxed past income, transporting and storing cash, general and accounting. California or Florida, if that matters. Anon email: firstname.lastname@example.org
My husband and I have a bunch of money leftover at the end of each month after bills have come out, but we don't know where it is. [more inside]
ING Direct is slowly but surely being absorbed into Capital One. Recently, they even announced that their name will be changing soon. Call me paranoid, but this scares me and I want to find a new home for my money. ("Online" banks preferred.) [more inside]
Credit cards - which to keep open, which to close? [more inside]
Should I change my major? Drop out of school to become a plumber or electrician? I need some advice. [more inside]
I'm about to have, for the very first time in my life, total personal savings of $10 thousand. How should I save it? [more inside]
Is it worth it to contribute to my small company's John Hancock 401K, given the high expense ratios and no employee match? [more inside]
What got you over the psychological hump from struggling with money to becoming financially stable? [more inside]
So, I've saved up $100k in my first year of work, and I just got myself a Vanguard.com account. Now what do I do? [more inside]
I'm looking for resources to help me decide what types and amounts of insurance to buy. [more inside]
We had a recent thread on things really poor people do when they come into some money, and now I'm curious whether there are analogous mistakes at every level of society. What sort of mistakes would be made by, say, a poor college student taking his first office job, by a middle-class man marrying into old money, by shoestring startup folk after a successful IPO/buyout? I'm interested in particular in sharp transitions, rather than, say, slowly climbing from the mail room to the board room over the course of a lifetime.
Recommend your favorite personal finance blogs, please! [more inside]
How do I figure out a mutual fund cost basis for tax purposes? [more inside]
How should we set up gnucash to track a couple's cash flow and joint account? [more inside]
Personal Finance and budgeting 101 for the low income world traveler. [more inside]
Budget Hacks Filter: I need to pretend I have less money than I do. [more inside]
Can you recommend financial software that can deal with virtual sub-accounts? [more inside]
Should I roll over my 401(k) and then convert it immediately to a Roth IRA? [more inside]
What is the best Mac personal finance software? I need recommendations from the Thoughtful on a personal finance software package for Macs that is actually worth the investment and the time taken to learn and use. And yes, I know this has been asked at least a couple of times before, but the last related query I see is from 2008. [more inside]
Teaching personal finance to 17 year old daughter. How do you record/keep track of your transactions while using electronic banking? [more inside]
What Macintosh software or online service should I use when I'm forced to stop using Quicken 2005 this summer? [more inside]
I'm moving to Berlin for the summer, and I need to know how I should go about transfering living funds over. I'll be getting 3000 Euro when I get there, but that will not be enough to live on for the entire summer. Should I exchange them into Euros? Should I use my US credit card? Should I get a German bank account. I would love any advice you can give me.
How do I deal with private student loan debt I can't pay? [more inside]
Nyxie and I have started looking at condos and townhouses and maaaaybe small Actual Houses in Toronto and I want to know what I'm doing. My usual approach to that problem is "well, read a lot". [more inside]
What's a simple investment an Aussie can make, to make the most of the strength of the Australian dollar? Everyone seems to think the Aussie dollar is overvalued right now, and recommends investing overseas. I have no experience in such matters, but I do have a Commsec account. Is there an US indexed fund available to Australians that anyone could recommend? Or would you recommend something else? The simpler, the better; I really don't have much experience in this. I'm not going to invest too much, but I'd like to know what a conservative, minimum-fuss option might be. Thanks!
After a pretty horrid turn of events, I'm left feeling unsatisfied by my bank's loss prevention department. What are my options? [more inside]