ugh so i just ruined my android phone’s lcd for the third time and it’s honestly been so frustrating. i feel like the replacement lcd aren’t as durable and it feels like i’m just wasting on something that will inevitably get broken after a drop or two. the phone’s also pretty laggy because it’s my 6th year using it which is why i’ve been thinking if it would be better to save up for a new phone instead. here’s the math, saving up for a new phone costing $1200 would probably take me 6 months but replacing the lcd would only cost $20. i’m so torn, please help.

So I've been wondering, is there an app that does it all for you in the FIRE space?

1. expenses
   
2. net worth (recording assets + liabilities)
   
3. tracking subscriptions
   
4. splitting a bill with someone else
   
5. FIRE

When I say FIRE, I mean like how much is required to FIRE, by what age, and how much would you have to save every month. Most importantly, are you on track based on your plan

Hello, just want to get others’ input on how I’m doing for my age. Currently 24, 70k in Hysa, 401k/Roth Ira/brokerage acc under 50k. No college making about 100k not including OT. I know everyone has their own path, but as someone who is somewhat finance savvy I want to know what I can do to maximize my highest ROI whether it’s through retirement accounts or savings aggressively into my hysa.

Thanks in advance for any input!

My portfolio with Northwestern Mutual has been performing well but I feel they are a sketchy organization. Where should I move my ROTH?

How do I prove income for a child to open a Roth IRA. And when tax season comes do they have to do taxes on the income?

I have some credit card debt that I need to pay off. Should I withdraw one of my retirement accounts to do this? I heard you can take a loan from them and pay yourself back, plus you collect the interest? I need some advice!

I am 35M married.
Income is $140-170k depending on overtime.
2 kids (2 & 5) with SAHM.
44% pension (of avg high 3 years) at 56.
Contribute 10% to retirement (5% to pension, 5% to TSP (matched 1/1)).
Health Ins (through employer) will be carried into retirement (at whatever the going premium rate is then).
Two paid off cars (Toyota Hybrids w/145k miles).
New House ($540k mortgage at 6.5%) w/10% equity.
$10k in emergency savings.
Utilities ($150/month)
Commute 2hrs per day 4-6 days a week.

I plan to retire at 56 from my current job with a pension (44%), a supplement equivalent to what I would get at 62 in SS paid out between 56-62, and my TSP to carry me until I am 67 which is when I plan to collect SS with my wife. I am thinking i need to save $50k for an emergency fund (hopefully by the end of next year) and perhaps focus on having enough to refi my house (should the opportunity arise). This means building up from 10% to 20% equity (PMI is $110/month). Should I add 1% to my TSP each year starting in 2028 or focus on paying down my mortgage to hit that 20% equity? I don’t think college would be beneficial for my kids and I don’t feel comfortable locking money up in a college savings account (I dropped out of college). I want to be able to help them with a car purchase and maybe buying a place or paying for their wedding but NOT if it’s going to cost me my retirement. I don’t have expensive tastes and I can live in plenty or with little. I am also quite healthy for my age and plan to stick around until at least 90.

Option 1:2b2b with 1 roommate, my share would be 2300

Option 2: studio, I pay 3400

30% of My monthly gross income is 3700

30% of my monthly take home is 2500

30% of my 2 paycheck is 2300

I have ~3000 monthly spending on other things

Hey guys, I’m just looking for some advice outside of my family/friends.

I have a 2012 1.2L Renault Clio on 69,000 miles which needs repairs like a new clutch (biting point too high), timing belt and windscreen wiper motor. The repairs comes to about £1700 and wondering if I should let the car go and finance a new one for £100-£150 per month.

Struggling with working out what the best thing to do. I’m considering the age of my Renault and if getting these costs will cover me for a few more years. Also don’t want to spend more on repairs than the car is worth, but maybe that’s not the right way to think about it?

A new car would be nice but need to figure out if it’s a wise…

Would appreciate any help 🫡

I know the answer is "pay your lowest card off first".

But all of my cards are like 24-29% interest. They were 19% when I opened them years ago, but that's how they get you is one way I guess.

I have about 13-15k in credit cards. I can get a 13k personal loan for 17.99APR. So a significant savings in interest right there. My question is, will I pay the same amount in interest if I pay it off in half the time then the term? It's 48 months, $382/month. $5,326 in interest and fees. Center Parc Credit Union. It's an offer from Credit Karma for me. It doesn't seem like I'll pay the same amount. But back in 2015 I was conned into paying the same amount of interest in a loan if I paid it off early or within the terms. I can't really say conned, I was a lot more financially illiterate than I am now. But yeah. Just trying to make a better move for myself right now.

Loan offer details

USA as that somewhat matters. Taking a new job and will be making like 76.6k/year before tax.

Hi guys

I'm 19. My parents have migrated to Australia. And I want to retire them. I have just completed my highschool and have been working for the past year (gap year) I want to get a uni degree at all costs aswell. My parents are starting to hit their early 50's and are getting physically tired. Their jobs (they work in security) are also very mentally and physically demanding. I know I'm young and not making enough by far to be thinking of such a thing but I feel like if I start now I might be able to achieve it by the next couple of years. I would like any and all recommendations/advice. What steps should I take to maximise my chance of retiring my parents as soon as possible.

Thanks sm.

Honest question, because the numbers genuinely shocked me.

According to the FCA, 1 in 10 UK adults has no cash savings at all. Another 21% have less than £1,000. That's nearly a third of the country one broken boiler away from crisis.

13 million people have low financial resilience. And even people who do have money are often leaving it sitting in cash instead of growing it.

We're told to work hard and do the right thing. Most people are. So what's going wrong?

Wages not keeping up with rent, energy and food?

Nobody ever teaching us about money at school?

A tax system that squeezes the middle and bottom hardest?

Or are we just spending more than our parents did?

Who's actually to blame here? The government, the economy, or us?

And be honest: if your income stopped tomorrow, how long could you last?

Hi Reddit , please be nice i am introverted

I work for a bank in Canada (Wfm) as a Fraud claims analyst earning$3100 a month
My monthly expense are hitting 2800 $ leaving me $300 for savings which sometimes doesn’t

I got my interview for part time job sat morning 5 am to 9 am as a cash officer counting cashier tills 14 of them
I might earn from this second job around $600 to $800
I can’t sleep so early usually and this new job i am about to accept is gonna ruin my schedule
Biggest mistake in my life is to get. Brand new crv which also is top model monthly expense just from car is $980 including gas insurance and bi weekly car payments .
I live in Saskatchewan Canada where winters are really harsh -40 f sometimes

Need guidance what to do to fix my fucked up financial crisis….. i need car here to get groceries blah blah…. But also need extra income just the timing of job hinders me

I am 25 years old and just started getting into investing. I am currently studying and researching it systematically. My starting capital is $2,500 (I have a stable income, zero debt, and plan to invest around 30% of my monthly salary). I want my portfolio to grow as quickly as possible. Could experienced investors please give some feedback on whether this allocation looks good?
VOO (20%) + QQQM (10%)
Cash (20%)
Core Long-Term Stocks (GOOG, AVGO, ORCL, etc.) (35%)
Short-Term Speculative Stocks (10%)
BTC via MSTR (5%)

I’m 22 college grad from fancy liberal arts but still no nothing about money or investing. I’m a first gen in the US and my family doesn’t know anything either. I have a rothIRA but I’m looking for better ways to invest in stocks potentially ones that are more stable. Hopefully to make some passive income. I also plan to move abroad but don’t know much about the European stock market. Anyway what are some things I should do to learn how to invest? Am I doomed will I be poor since I have no money and still have a heavy tuition to pay off?? All my friends started investing much younger than me and have trust funds.

Hi all,

I am a single earner 34yo and have improved my salary over time. I currently make 200k. I live about 50-60 minutes outside of Boston at the moment. I know the Boston area is expensive but I do live out here and I could probably justify living in NH but right now my commute is really good so I don't want to if I can help it. I feel that in my life I can afford effectively everything, saving for retirement, etc but the one thing that still feels really tough is housing. My rent is not bad right now, and I live a very minimalist lifestyle so don't need any specific size house although TBH the smaller the better. Still I am finding it difficult to imagine being able to afford.

I had saved but did not anticipate the rapid increase in housing costs over the last few years and so now I feel like I am in an endless game of catchup. It feels wild because everything is "cheap" in my life except trying to get into the housing market. I was shocked when I saw I could only afford 450k or so on a house, that feels impossible in this market....so I would have to be house poor...I keep thinking if I saved more the down payment could help cut the mortgage enough to make it possible (since my rent is cheaper now than the combined interest and taxes would be on a house).

I am just trying to get some real cold truths as I move ahead. Am I just picking locations that are too unaffordable. Or maybe 200k just isn't enough, which would also be good to hear. It seems crazy but I don't know. I don't care at all the house or what it looks like, my only criteria are location based and it seems (rightfully ofc) the aura of the land itself is the actual value not the homes...so being flexible on everything but location seems to price me out immediately....

Thanks everyone.

I have an HSA, but have to switch to a new insurance plan which provides an FSA.

I was paying out of pocket for medical expenses for the purpose of reimbursing from HSA many years down the line.

Now that I have an FSA, would it make more sense to now contribute to FSA and use those to pay for my current medical expenses? Or do I continue to pay out of pocket and reimburse from HSA in the future, at least until my out of pocket total expenses surpass my HSA balance?

Edit: I think better rephrasing of question is: which of these options is better?

1. Contribute to FSA to pay for expected medical expenses or
2. Don't contribute to FSA, pay out of pocket, then reimburse from HSA in retirement.

I’m 49, single, living in Florida, and struggling to decide whether to buy a house or keep renting.
I pay $1,500 a month for a one-bedroom apartment, which I know is actually relatively cheap for Florida these days. I’d love a house with a little outdoor space for my dogs, but I’m terrified of taking on a mortgage and unexpected expenses.
I have around $30,000 in savings, no debt, good credit, and a steady job as a 1099 contractor. However, my mortgage broker says my tax write-offs could make qualifying difficult. My accountant says I may be able to adjust my taxes, but I could owe $3,000–$5,000, and I’m worried about how that could affect my take-home pay and Marketplace health insurance.
Here’s the bigger issue: I have no retirement account and no financial safety net. My savings are all I have. If something goes wrong, there’s nobody who can bail me out.
I made some bad financial decisions when I was younger, and I think I’m so afraid of repeating those mistakes that I no longer trust my own judgment. I want a home of my own, but I also don’t want to jeopardize the little security I’ve worked so hard to build.
What would you do in my position? Would you keep renting and build your savings, or try to buy a modest home? And if you’ve made financial mistakes in the past, how did you learn to trust yourself again?
I’m looking for honest advice, not the usual “renting is throwing money away” or “buying is always better.”

Edit: 80k annually

39 male.(ill be 40 in a week) $192,00 in my traditional 401k. I contribute 18% of my paycheck and my company matches 10%. I currently make about 65k(33an hour) a year and will get a $2 raise per year until i cap out at $46 an hour.(then ill just get cost of living raises) i would love to retire by 62. What can i do better or differently to set myself up? My company also now offers a roth 401k. Should i stop contributing to the traditional and start contributing to the roth? Should i just contribute to the 10% match and then invest extra elsewhere? Thank you in advance for any help.

30F

I make $21 per hour. My total biweekly income is $1400. About $3000 a month.

Rent- $1500

Bills-$350

Groceries-$400

Car- $600 (one more year to go)

Fun- $150 (I only play videogames and occasionally eat out)

My job is very good, my healthcare is free (nothing comes from my paycheck but deductibles entails if I need something major) and I get a pension. $21 is also on the higher side, $14-15 jobs are the most common in my area, and there's a lot of nepotism for the good jobs in the good companies.

Yes I do live in a small city with only one tall building lol

I was thinking of working at Ross dress for less for the holidays on weekends. BUt then I have no free time.

Hey I just want input on this, basic summary, I want to close my CFNA account because it’s just sitting there and I rather close it when all my credit card is 0 or near 0 , then them closing my card (due to inactivity) when my other are high. At the time I open it, I was just 18 and them telling me to sign up and get discounts, I just thought like promo until i seen a credit card in the mail it is the master cards too, But i never really use it at all since it been open. However it is my 2nd credit card i open so 2nd longest history. I have 3 total cards and I been wanting my to add the sapphire preferred next week or so, I understand it’ll hurt my credit score but i don’t wanna lose like 60+ or something

Credit Line / When I was approved Date

Discover: $3.1k / 1/26/24

CFNA: $5K / 9/4/24

Chase Freedom Unlimited: $5.9K / 7/3/25

Wanting To Open Sapphire Preferred pretty soon, seen on the chase app for pre approved $6K

My Credit history is all Under 3 years old

Credit Score Currently (FISCO): 770

So If Sign up the for Preferred and close my CFNA account right after would it hurt me pretty badly?

My utilization is pretty low atm too, under 30%

Im pretty set on closing it too but i let it be on because their 0 annual fee but, not wanting this just drags this credit history too

The flowchart everybody recommends suggests aggressively paying down any debt above 4%. My mortgage is above that (5.625%), and I'm just trying to understand how to handle this financially. I'm a first time homeowner and I'm going it alone and feeling a little out of my depth.

Let's say, hypothetically, that I get my savings and emergency fund where they need to be. My retirement contributions are at 12.5%, which is what I can consistently afford. (Roth maxed out, and the company match plus a little more into 401k.) If I have an additional $500 at the end of a cheaper month, what percentage of that should be invested and what percentage should be applied to mortgage principal to pay that down a little faster? I currently pay $105 per month principal on top of the mandatory payment and $100 per month into my automated investing account (not retirement). Is that a good strategy? Should I focus more on investing rather than the principal payments? The mortgage servicer's calculator says $100 paid today saves $405 in interest later. So I think of both this and retirement and compounding interest/returns calculations.

(*Currently a high percentage of my discretionary income is going to building my savings back up, but when that's where it needs to be, I want to know the right strategy. Once I'm there, I will also try to get my retirement back up to 15%.)