• I am 23 years old and struggling financially to get my head above water. What should I do?

    I’ve been on my own since I was 18. Balancing school, work, and bills. I thought I had it all figured out. I had a good job and was making good money. I was making so much money and my credit was great. I was able to finance my first car on my own with no assistance. But I kept getting new cars (this is my 4th... show more
    I’ve been on my own since I was 18. Balancing school, work, and bills. I thought I had it all figured out. I had a good job and was making good money. I was making so much money and my credit was great. I was able to finance my first car on my own with no assistance. But I kept getting new cars (this is my 4th car) so my car note went from $200 to $384 to $550 to currently $800! (Very stupid and impulsive) I was doing ok until about a year ago when I got a new job. The salary seemed like it was going to be more than what I was making previously until I found out they take almost $400 a month out for state retirement (no exceptions). So I got a second job as a waitress which helps me and when I’m not doing that, I do freelance graphic design. Its gotten so bad that I’ve stopped paying loans and credit cards. I even tried debt consolidation which was $400 a month that I could no longer afford. At this point my credit is ruined! Plus I just graduated college last semester so I have to start paying my student loans. I don’t get any financial assistance from my family whatsoever(they are barely making it themselves) so I can’t move back home. I am literally my only support. I’ve even considered bankruptcy. I spoke with a lawyer and he wanted $1200 (which I clearly don’t have) and I’m only 23, bankruptcy would make it even harder for me to move and get approved for an apartment What should I do at this point? I just feel stuck and stressed out!
    24 answers · 2 days ago
  • Should I give a lump sum payment toward my student debt?

    I owed a total of $83,000 and change for my bachelors and master's degree. Over the last year and a half of large payments, my balance is now $37,000 and change. I have about 12,500 in my savings and am debating, should I give 8-10K of my savings to drop the balance lower? I will need a car and am worried that... show more
    I owed a total of $83,000 and change for my bachelors and master's degree. Over the last year and a half of large payments, my balance is now $37,000 and change. I have about 12,500 in my savings and am debating, should I give 8-10K of my savings to drop the balance lower? I will need a car and am worried that only having $2-3,000 will not be enough emergency money. With the extra money and following my financial plan I should be paid in full by February 2020. Is this a responsible choice?
    18 answers · 3 days ago
  • How do I get a new car from insurance?

    Best answer: Insurance companies are in the business of "insuring" cars. They do not buy and sell cars. That is what car dealerships do. Drive your car to your dealership of choice. When you choose a new car, you can turn in the old one to them. They will apply the value to your new car, or you can sell it... show more
    Best answer: Insurance companies are in the business of "insuring" cars. They do not buy and sell cars. That is what car dealerships do. Drive your car to your dealership of choice. When you choose a new car, you can turn in the old one to them. They will apply the value to your new car, or you can sell it privately. I recommend the former since repairs seems to be an ongoing issue. You could find yourself in legal trouble with the buyer. To protect yourself, hand over all of the repair bills so they can see what has been done. You have to sell it honestly.
    26 answers · 2 days ago
  • I'm 15 and Im sick of everyone thinking money is the key to happiness. Seems like we waste our life away earning money and not enjoying it.?

    Best answer: Money is the key to DRUGZ!

    If you have lots of drugs you can have lots of sex and fun.
    Best answer: Money is the key to DRUGZ!

    If you have lots of drugs you can have lots of sex and fun.
    19 answers · 2 days ago
  • Should I try to get a loan from a credit union for this reason?

    I would to pay off a couple of friends for their help in the past. Yes I did receive money from them. The credit union MIGHT give me a loan but probably only with collateral of my very used car. I really wish to pay the friends off but I am also hesitant on borrowing any more money. (I currently have no bills,... show more
    I would to pay off a couple of friends for their help in the past. Yes I did receive money from them. The credit union MIGHT give me a loan but probably only with collateral of my very used car. I really wish to pay the friends off but I am also hesitant on borrowing any more money. (I currently have no bills, debts, etc.) My income is from a large retailer where I have worked for 6 months.
    10 answers · 16 hours ago
  • Why is my bank asking for references?

    *Please read all to avoid irrelevant answers* I'm curious as to if this is normal when asking to have a higher credit card limit. I simply said that I'd like to double it to around 8k-10k. They are having me fill out applications, getting all sorts of info, references asking for employer supervisors etc.... show more
    *Please read all to avoid irrelevant answers* I'm curious as to if this is normal when asking to have a higher credit card limit. I simply said that I'd like to double it to around 8k-10k. They are having me fill out applications, getting all sorts of info, references asking for employer supervisors etc. But here is the thing, I have excellent credit (well over 700), I've taken out SEVERAL loans (all different types, personal, title, etc) paid them all off on time and some early. They even financed me for a 15k vehicle loan. All this on top of already having the credit card to begin with (and it's one of their top of the line cards, too). So, why is it necessary to go through all these hoops as if I have absolutely zero credit just to simply raise my card limit slightly? To be honest, I find it a bit insulting and a total waste of time. Isn't this initially what credit scores are for?
    20 answers · 3 days ago
  • I feel like it might be easy for someone to save money if they don't have much of a life. Is that true or not really?

    For example, if pretty much all someone does is go to work, never gets married, never has kids, never spends a lot on entertainment purposes, etc...
    For example, if pretty much all someone does is go to work, never gets married, never has kids, never spends a lot on entertainment purposes, etc...
    9 answers · 21 hours ago
  • Does the $10,000 deposit limit apply to depositing money in a newly opened bank account?

    I'm 29 years old and I'm opening a new savings account for the first time in my life. I have $40,000 in cash I want to deposit. I had that money in my safe at home for years. It's my life savings. I know that there's a $10,000 deposit limit or the bank will report you to the IRS. Does that rule... show more
    I'm 29 years old and I'm opening a new savings account for the first time in my life. I have $40,000 in cash I want to deposit. I had that money in my safe at home for years. It's my life savings. I know that there's a $10,000 deposit limit or the bank will report you to the IRS. Does that rule also apply if you open a new bank account or just for existing bank accounts? What should I do?
    18 answers · 3 days ago
  • Does it make sense for a person to start a Roth IRA if he is 53 years old and only makes 20,000 a year?

    Is he even going to be able to put in enough money to be able to grow it enough for his retirement?
    Is he even going to be able to put in enough money to be able to grow it enough for his retirement?
    8 answers · 1 day ago
  • My dad is going to be my Guarantor - for my Tenancy agreement, however he is going into retirement in the next month?

    Best answer: As long as his credit is good and income sufficient to pay if you do not.
    Best answer: As long as his credit is good and income sufficient to pay if you do not.
    8 answers · 1 day ago
  • Is 58K at age 28 the right amount saved at this point?

    Best answer: You are extremely wise and successful.

    CIT Bank is also insured by the FDIC, so your deposit is protected by the government in case of a financial crisis

    You are in the top 1% in terms of savings, in the UK for example most people have less than £100 savings. You are doing very well.
    Best answer: You are extremely wise and successful.

    CIT Bank is also insured by the FDIC, so your deposit is protected by the government in case of a financial crisis

    You are in the top 1% in terms of savings, in the UK for example most people have less than £100 savings. You are doing very well.
    30 answers · 6 days ago
  • Is there any housing assistance Philadelphia would provide for someone relocating from NYC?

    My boyfriend and I would like to move out of NYC because it is just too expensive. He works and I'm actively looking to return to work. We have a 9 month old. My boyfriend lives with his father and I live with my parents in NJ. We would be much more comfortable if we were living together. Him only seeing his... show more
    My boyfriend and I would like to move out of NYC because it is just too expensive. He works and I'm actively looking to return to work. We have a 9 month old. My boyfriend lives with his father and I live with my parents in NJ. We would be much more comfortable if we were living together. Him only seeing his son during the weekend isn't enough. I don't know much about transitional housing, but would they help for about 2-3 months? A family friend offered us jobs but we would have to accept within a month. Our only problem is we don't have the funds to just pack up and get an apartment. I figure we should have at least $3k if we were to get a $700/month apartment. We only have about a third. We plan to work once there and save until we're able to comfortably get a decent 1 bedroom apartment. Thank you.
    7 answers · 1 day ago
  • Opened a new bank account?

    Ok i opened a checking account i had to put $50 into it to open it. Chrcked it a few days ago and it now has a avalable balance of $350 how can this be? Is it a glitch? It was a totally free checking from first federal savings bank.
    Ok i opened a checking account i had to put $50 into it to open it. Chrcked it a few days ago and it now has a avalable balance of $350 how can this be? Is it a glitch? It was a totally free checking from first federal savings bank.
    5 answers · 7 hours ago
  • Does walking into a major large bank to use their machine ...is that an ATM?

    Best answer: Yes It Is
    Best answer: Yes It Is
    6 answers · 2 days ago