My job distribites tips through a Cliq Prepaid Card, and does anyone know of a stock service, or investing service that will allow and accept Cliq or Prepaid Cards? only reason I want to do this is because it takes about a week to transfer any money from my Cliq card to my USAA Checking account, and I really would prefer something faster especially as I don't have much invested in robinhood and am fine swapping to a different service that will accept Prepaid Cards.

I am almost approaching $100k and I would like to know what was your life like at that stage?

What do I do with the money in my business account? Where to invest?

I foolishly got an apple card with a 26% APR when I bought a laptop my freshman year of college. I’ve had it for a few years now and have racked up 2 thousand dollars with a 2.5k limit. I’ve been working on building better habits and don’t use the card anymore really but the debt is hanging over me and really stresses me out. Should I transfer to a different card and pay off the debt with the 0% APR? I’ve researched online but still can’t really tell if this is a good option for my situation. Any feedback is very much appreciated!!

I apologize if this has been asked before. I recently took out a 6 year loan at 7.49% on a truck for a little over 18k. I have enough cash to pay this off in full right now however that would drain all of my savings. I plan on paying this off if about 2 to 2 1/2 years. Is that too quick? Would it tank my credit score?

I’m 27M — started a business with a couple of connections and we’ve done really well last few months.

I’ve managed to earn from my cut, 200K!

Graduated uni a few years back. Had aspirations of pursuing a career in health ( I have a health science degree) — things didn’t go as planned since medical professions are highly competitive.

I was working menial jobs, fired from 3. At one point I was working at a chocolate factory. Girlfriend broke up with me (obviously), had severe depression and gained a lot of weight post graduation.

This year, my life completely changed. I had always tried to pursue entrepreneurial ventures but all failed. Last few months, my current team and I have been able to generate close to 7 figures with me earning and saving my cut of 200K.

I don’t know what to do, I’ve never had this much money before and I’m afraid to really touch/spend it.

I was always struggling as a broke university student but here I am, generating 2-4K a day, sometimes even 10K. I did 70K in October, and I dont know where this ends lol

What would be the next step to secure financial freedom in my 30s?

I have aspirations of becoming a millionaire.

Hello all! I've been on this sub for some time now and I love all the milestone posts! I finally reached a milestone of mine and I'm beyond excited to make it $500k by 30!

This has been an amazing journey and I can't wait to see this grow even more! Ask me anything in the comments!!

Hey everyone, recently got a promotion and can now consistently save/invest 5k+ a month. My company has a 401K and they match 6%. Not sure what the next best move is. Do I max out the 401k? Or continue to save? Invest in stocks/Etfs with dividends?

I still can’t wrap my head around this—I just hit $100K! Like, seriously, what?! It’s been a crazy long journey. I started with pretty much zero. A tiny emergency fund, a bunch of student debt (I still have $20K left), and no clue what I was doing with my money. I read some stuff online, opened a Roth IRA, and started throwing in whatever I could—sometimes it was $50, sometimes it was nothing. It felt like it took forever to even see progress but once I started getting momentum it continued and continued and continued. My employer has a 401K now and I’m putting a lot in there too.

ngl I still make some dumb money decisions but here I am, staring at that six-figure number. And now I’m just like... okay, what’s next?

https://preview.redd.it/ke9gkmrmoqyd1.png?width=1144&format=png&auto=webp&s=44cbc49dbc156fff49e0f86ad21559787035a4f7

Hi Reddit.

I can safely say I have a poor relationship with money. I am scared to spend it. I’m scared to spend it because of the “what if”.

After all the bills come out I feel I must have a certain amount left in my account to feel happy. I call this my buffer. My buffer is ridiculous to some, but it’s what I’m happy with.

Recently I am starting to feel like I am missing out due to my reluctance to spend money. I am planning on driving from the UK with my wife and child to Belgium to watch the F1. I am a huge F1 fan and this would be a once in a life time thing. But I am really really struggling to press the go button on it and use some of my buffer to pay for it.

I don’t want to get to the point where I am too old to do these kind of things and look back and wonder why I didn’t do it.

I’m not sure if anyone can relate, but it’s mentally exhausting and I hate it.

Currently shopping around. Any specific financial institution recommendations? Do most have minimum deposit and/or balance requirements?

Hello all I’m 22F. I didn’t have a teacher growing up in finances but all I was told when I was growing up is have a 401k at a job. Where do these funds go? And how should I proceed about getting the funds from my previous jobs? Is it too late to try and retrieve the funds?

The check showed up on my statement as two separate entries one right after another as deposited and then immediately “returned.” The company is being really great about it they just want me to write a new check that includes any fees they may accrue.

I am in full panic mode however. I simply completely forgot about the check because they took so long to cash it, and my account was about $900 short. I’ve never had anything like this happen to me before. I’ve never been late on any payments, I have 0 debt, my credit score was 826 as of a month ago. But now I’m reading all this stuff on Google about what could happen to me. My credit score could be affected, I could be barred from writing anymore checks in the future. Is this true? What should I do. I’m panicking. This is through M & T bank

EDIT: my goodness, sorry I asked! I called the bank and there will be no fees or issues on their part, just told me to work out payment with the contractor

So I (37m) have about 130,000 left on my mortgage and no other debt. With working my side hustle during nights I’m able to save about 2,000 extra a month after all my other expenses. One of my life goals is to have no payments and hopefully be able to retire early. I did the math and figured if I put an extra 2,000 towards my mortgage principle every month, I could pay my house off in the next 3.5 years. Should I go this route and throw everything at an illiquid asset? Or I could continue aggressively saving in my HYSA for the next 3.5 years and have around 100,000 and then decide by the time I’m 40 if I want to pay a lump sum and pay off my house then? I’m leaning towards this route since I like the idea of having liquid money accessible to me in case anything happens.

Some more details about my situation:

1. I’m contributing 15% in my Roth 401k (currently have 110,000)
2. Just opened my Roth IRA so I only have 7,000 (I plan to max out every year)
3. My mortgage is 15 year at 2.87% (10 years left)
4. I have 30,000 saved in my HYSA
5. I make 100k, no kids or wife

Trips to the pubs , trips to sporting events.

Pretty much the title. The day before yesterday I didn't have any money in my account. Yesterday I checked it and all of a sudden there was $90 on there, with no deposit in my transaction history telling me where it came from? This money just appeared out of the blue. What should I do?

How have you guys handled this when starting out?

I was never taught anything about taxes by family, in school or anywhere. I have had to read through countless government webpages to find relevant information and then create an overview for my self of how my countrys taxes work when you have a business ("sole proprietorship" - one man business, 100% liability).

So long story short, i know the tax system OK now, but of course i'm lacking experience and validation of my knowledge from external sources, which is holding me back business wise. I am scared of earning a lot of money, as my insecurity about how the tax system works may lead to me doing something wrong and then destroying my personal finances (as i have 100% personally liability).

Most people i talk to say gogogo and just take action, but do they know the tax system in&out or what do they do?
I'm sure hiring an accountant could probably help fix my issues/insecurities here - what do you think?

Hi all, I need your ideas on making extra money.. We're a 1 income couple, and right now I am unable to get a proper job as I moved to a country to join my partner in which the language I don't speak, and English speaking jobs are hard to come by in my region of france, not to mention the regions skyrocketing unemployment issues. My partner makes enough for us to live on however, some unexpected taxes after some unfortunate situation that already pushed our savings have come and were in a pickle. How might you suggest making money online? I have a lot of free time, just not sure where to start.

Thank you all for help

A paid off house is the keystone in our retirement plan.

our net worth is positive, but not by a lot. that, however, still puts us in a smaller percent of Americans. 90% of our net worth is in our home (a guess, not math on that) and we have a small Roth and emergency savings.

we are debt-free with the exception of our mortgage. our mortgage is tiny by almost any standard. we already have 70% equity on year 2 of our 30 yr Mortgage. when we sold our 1st home we applied 100% of the sale proceeds to the new homestead construction mortgage. our monthly payment is less than almost any 1 bedroom or efficiency apartments in the nearest town or small city.

our homestead is more than a roof over our heads. it puts food on our table, heat in the winter, off-grid, solar powered, self-sufficient & multiple system redundant. we custom designed and built this house for efficiency, lifetyle and needs.

we are a single income household. despite our low house payment and debt-free situation, we still live on a single tradeworker salary in middle-America-nowhere-special. I make less than middle class wages by metrics in all 50 state income models.

at my age, by many calculators, I should have 4x my annual salary in Roth or similar vessel. I do not. I have about 1/3 of that. I will continue to add to it, as much as possible. we are rebuilding our emergency savings right now. after that, we will restart Roth.

our chosen path has always focused on debt-freedom, paid-off house, simple living & privacy. we certainly try to prepare for the future with our retirement Roth, but our home and land were/are put first.

rising property taxes, coupled with insurance costs are expected. by all retirement calculators I use, accounting for basic monthly expenses, bills, taxes, insurance, basic lifestyle needs etc... general reccomendations are for 1 million dollars plus at retirement. this assuming a 4% or similar withdrawal rate over 30 years.

we live simple, and grow/provide a lot of our own fruits, vegetables, meat & dairy but we still shop at supermarkets, auto stores, feed stores, home improvement etc... we expect taxes and insurance to do nothing but increase, in some instances, WILDLY.

Calculators suggest 3 to 4 times income at my age. this from sophisticated algorithms that take into account things we forget, do not think of, or simply do not understand. I do not have what is reccomended. I hope my plan and frugal lifestyle account for more of MY equation than theirs does.

in addition to whatever we can bank into Roth, I will also qualify for SSI if its still a thing... I assume it will be, to some degree.

I still have 15 to 20 years before I hope to retire. I also hope I will continue to make some money during retirement using trade skills and farm & livestock sales. this is not a guarantee.

our main worries in retirement will be livestock feed, property taxes, insurance, propane, gasoline, auto tax, reg & the inevitable medical as one ages. we do have some "regular" monthly bills: phone, internet, Subscriptions, some electrical.

my plan is rebuild savings 1st. we had to use a good portion to finish construction and move. after that, we will revive Roth contributions. honestly probably another 18 months to 2 years on that. once we can max out our Roth again, we will start banking into HYSA until we reach the balance owed on our mortgage. at that point I will likely pay it off. tough call with a 5.12% interest rate. you can't put a dollar amount on the mental relief of knowing you own your home. at the very least, we will sit on the total payoff balance in HYSA as a self insurance plan against job loss or injury.

once house is paid off (or HYSA balance equivalent) 100% of our mortgage payment can go to max out Roth and overflow into a taxable brokerage account, as well as free up monthly budget for daily living and homestead upgrades (tractor, more irrigation, additional well, 4x4, solar expansion, etc)

thats our plan. I hope it works. it changes now and then, as do we. you gotta be flexible. at least we have A plan. makes us happy, for now & keeps us focused.

Reward if you made it this far: Our 73kg Livestock guardian in "rest mode"

I am a 31M with 64k student loans. Living with parents (not paying for any rent/bills), and making $3.3k biweekly after taxes/benefits

My student loan interest is 5%

Wondering if i should just use my whole paycheck to keep paying off loans right now or do you have financial tips on what i should be doing with my money?

Hey, I know y’all get this pretty often but I’m dumb 21m that owe $5500 to the Canadian government cause I did my taxes wrong, they charged me nearly 2 grand for missing reported income. This is my first time owing something this big to the government, anything I can do? Yes I have a job, I make about 3k a month , but need to find a way on the side to make more money to pay it off 😭 someone help me Rahhhhhh

Can one fully max a personal Roth IRA each year and still contribute 6% to a work sponsored Roth 401k? Can that Roth 401k be rolled over into the personal Roth IRA when one becomes retired? Thanks for any insight! : )

I have a 401K that I've been paying into for 8 years or so, but I've never checked it to see how much is actually there, or really know how I would go about accessing it. My car just took a crap so right now would be a great time for me to be able to of I could. Can anyone tell me how I would go about finding this info?

Looks like I’ve contributed $3,045 to my Roth 401k and 19,246.14 to my traditional 401k. Do these add up to reach the $23k IRS limit?

Thank you in advance

More context. 30 years old. Just looking to invest instead of letting it sit in a savings.

If I put it all in a CD, where are the highest interest rates right now?

• i just graduated and started my new job - first paycheck comes in november 15
• when budgeting i’ve taken the max 401k contribution (23500) and the max ira (7000) and just divided by 12 to make my monthly budget, here’s a snapshot above.
• first, please ignore not maxing out the hsa, i’ll get to that
• but come to think of it, i’m not following the proper hierarchy of 401k match > roth ira > 401k max > taxable brokerage / hysa (goals dependent) because of my proximity to deadlines. as in, because i’m not starting at april 1 (ira deadline), simply dividing the ira max of $7000 by 12 does not yield a contribution that will be on pace to max it out by the deadline, being that it’s only 5 months away.

my question is, should i make my ira contributions $1400 a month until april 1? should i take the rest of the leftovers and throw more into my 401k until january 1?

seperate question, is it wrong to not fully max my hsa out? i understand it’s triple tax advantaged and i can save medical receipts to take money out, but i still feel like goals to retiring early and have more accessible dollars earlier on may be beneficial as well (taxable brokerage). any thoughts?

I’m a young 25M who is trying to be wise with his money and set my wife and I up for a successful retirement.

I only just started investing in my retirement 2.5 years ago. I currently have 32k invested in my works 401K into Vanguard Target 2065. I wanted to diversify a bit more so I am now contributing 6% (my works match) to the 401K and invest the rest into a Roth IRA into FXAIX (My brokerage is Fidelity). I’m married with kids and my wife doesn’t work so my tax bracket is pretty low. This seems like a good reason to invest in a ROTH as the taxes I pay now are fairly low.

My questions is this. I’m so young that the Target Date fund seems like I’m missing out on a lot of potential growth. I feel like since I’m young now would be the time to take risk. Not big/dumb risk like “let’s throw my retirement into NVIDIA!” But something with slightly better returns like maybe VOO (similar to FXAIX).

Does anybody have any advice/experience into what funds to invest into at my age?

I appreciate any advice. Thanks in advance!

Hello all, I’m 24 years old I make 85k a year. Need some advice to pay off this debt:

Credit Cards: 8K Student loans: 50k Car lease: 570

I have 10k invested and about another 10k in bank account.

UPDATE thanks for all the advice. 99% of you have been very helpful and friendly. Other 1% know who they are lol. I will have the car paid off this week from my HYSA. Then I’ll chip away at student loans and use my government benefits with my job to knock out student loans faster. Then work on the mortgage. I also reanalyze my investments and see how to maximize returns. Love the forum. You guys are awesome.*

I’m going to try and get straight to the point. My 3 debts are as follows:

1. Dental school student loan: $198k (6.62%)

2. Mortgage: $455k (5.50%)

3. Car: $29k (8.9%)

My money accounts are as follows:

Investments / stocks: $71k. (18% APY in 2024 so far)

Emergency fund: $57k (4.2 APY)

Checking / savings: $8k (0.2% APY)

Retirement: $42k (31.6% APY in 2024 so far)

I’m 28yr old with a $170k base salary but about $220k when you include yearly bonuses.

How do I pay off these debts? I don’t want to keep this debts like a pet, but I also don’t want to rush and pay them off in a dumb way. I’m not financially literate, but I do save well.

My first time posting on this forum.

Thank you!

I've been working since 14. My parents taught me how to be a hard worker, as well as the importance of money. I got a job at five guys, and in 3 years I have gotten multiple raises, and became the youngest manager in the franchise. Now at 17, I am becoming a but impatient. Child labor laws have always been my worst enemy. Even though I break them frequently, I'm aware there are many jobs I could get but unfortunately cant due to my age. I'm not tired of my job at five guys, but I've basically hit my rate cap due to being such a great worker, and I want to make more money.

I currently make $18/hr plus tips and bonuses (roughly $22/hr)

What can I do to make more money?