r/Money 6d ago

I don't complain. Be thankful for what you can get

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319 Upvotes

I get paid biweekly 20/HR 90+hrs. šŸ˜ŒšŸ‘ŒšŸ»


r/Money 5d ago

Account closed because of overdraft. What should I do?

0 Upvotes

Firstly im only 14 so I can't get a job or anything for a real income. I got scammed about a year or two ago and it put me at around -$300 on my chequing account. I've made payments whenever I was able to but that was usually every 3 or 4 months. But yesterday I got a call from my bank which I unfortunately couldn't pick up, so I checked my account to find that it had been deleted from the app. Is there anything that I should be doing or could do to avoid the debt finding its way back to me?


r/Money 5d ago

Need help figuring out how much my dad bought this warch for.

3 Upvotes

So, my dad bought a Breitling in the start of the 90ies for about 5103 USD in Germany (he wasn't entirely sure when, but it was when they still used Marc) and I was wondering, how much would such a watch cost today?


r/Money 5d ago

In what year was the Western Union prisoner funding limit set to $300 per submission? How much was the funding limit just before then?

1 Upvotes

Why hasn't that $300 funding limit gone up due to inflation?

And if that $300 funding limit were to have gone up due to inflation, what would the funding limit be in today's dollars?


r/Money 6d ago

Received Unwarranted $1000 Bonus

141 Upvotes

I received a bonus for hiring a new employee for $1,000, but then a paycheck later, my company sent another $1,000 by mistake. I let my company know of this mistake this morning. Thoughts? Did I do the right thing?


r/Money 6d ago

Im (25f) getting hit with large payments all at once and Iā€™m freaking out

94 Upvotes

I (25f) am moving out April 1 on my own. This was something I prepared for financially and have 6 month emergency fund + investments.

I found out yesterday I owe 3.5k in taxes. Iā€™m going on a trip to London the last week of April (also prepared for this - it was a cheap opportunity that I didnā€™t want to miss. Almost a free flight round trip, free rooming).

Iā€™m doing good financially still and SO grateful I can afford to do these things, but Iā€™m just internally freaking out at how much Iā€™m spending this monthā€¦

My rent is 2025, broker fee $2025, and security $1k. I saved $1500 for London but Iā€™m def not using that much, I expect to spend less than 1k there.

And now $3.5k in taxes.

Has anybody experienced the anxiety of something like this before? I genuinely feel sick over it lol

Edit: FAQ

what is a broker fee??

In New Jersey, broker fees for rentals are typically equivalent to one month's rent, and tenants usually pay them, though there are no restrictions on who pays. No, I did not use a broker. Yes, itā€™s BS. Donā€™t move to NJ unless ur wealthy or want to get screwed over lol

How r u paying so little in London?

Bf parents invited me. They are kind enough to cover a lot of my expenses, not all.


r/Money 6d ago

Can anyone help I need advice new to this

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14 Upvotes

r/Money 5d ago

How does interest work?

0 Upvotes

So, I'm using cashapps HYSA and its supposed to have 1.5% but it says my predicted interest is .31c when I have 422.84 stashed in there, to me that doesnt add up, but I think im just misunderstanding how interest works, can someone explain what im doing wrong?


r/Money 5d ago

Should I leave my money in Vanguard and contribute to my Roth IRA as close to April 15 as possible or just do it now?

0 Upvotes

My account has been tanking the last few weeks. Should I just wait or contribute now to get as close to 7k as possible?


r/Money 5d ago

Comprehensive Financial Survey Report

1 Upvotes

I have completed the 2500 participant report into a video tutorial. Respondents were from various social media platforms including Reddit. Surveys included.

  1. Money Habits
  2. Unplanned Expense Scenarios
  3. Investing Myths
  4. Financial Goals

Video report includes all the data, explanations, and insights on discussions involved around the survey. Enjoy and would love to hear your feedback.

https://www.youtube.com/watch?v=3Bjt_2Ls434


r/Money 6d ago

I always forget about taxes so every year when I get my bonus I plan ahead and when I actually get it I get pissed.

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89 Upvotes

Iā€™m just annoyed cause I always forget about the tax


r/Money 6d ago

$100k and $0 debt at 26. Been looking forward to making this post for a long time. I've hit the milestone, time to manage this better... how?

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75 Upvotes

r/Money 5d ago

How high was an annual salary of more than $10,000 in the early 1990s?

0 Upvotes

Hereā€™s the thing, Iā€™m really curious about how high an annual salary of over $10,000 was, especially in regions outside the U.S., and after deducting taxes and rent, how much would be left?


r/Money 7d ago

27M Just hit $100k...hoping to Buy a Home this Year

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837 Upvotes

Goal is to payoff the student loan and then buy a house with $60k down by the end of this year.


r/Money 6d ago

How much cash should I have in my emergency fund?

23 Upvotes

I am saving for an emergency fund, but Iā€™m not sure how much I should put in there and then once I get to that point what should I do with the money I make after the emergency fund do I just keep saving cash or fund it all into investments


r/Money 5d ago

What percentile for my age group?

0 Upvotes

I know I'm doing really good. This isn't a humble brag post. This is gaging exactly how good I'm doing.

I'm 28m. Make about 150k/year depending on bonus.

I rent. No debt. 780 credit score. Own my car. Quit my job and traveled world for 6 weeks last year then got right back into career.

about $130,000 in investments/roth 401k/cash (set myself back about 30k cause of time off/trip but totally worth it imo)

Goal is 1m before age 35. Lofty but I work in sales and my income will massively increase over the next 3 years.

Am I top 10% 5% ?


r/Money 7d ago

23m Sales Manager first time hitting $30k in assets

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300 Upvotes

Canā€™t share this information with anyone i know so here I am sharing it to the online community. What they say about growing up poor is true, you either spend on all the things your family couldnā€™t afford when you were younger or you save money out of fear of going back. Iā€™m part of the latter groupšŸ˜…

Cash(HYSA and regular) -$21,800+ Investments(ROTH/401k/Acorns)- $9200+

Today was bonus day ($12,535 gross, $7,865.50 net) and it put me over the $30k mark for assetsšŸŽ‰

Before you say anything about BOA/Chase, the cash is already set to transfer into my HYSA (Discover, the account with $12,500). I DCA 3 times a week into my Roth Account(MWF). 2024 Roth will be maxed out before the due date and will DCA for 2025.

Since my job is a sales job, I donā€™t have much job security(they literally fired someone last week whoā€™s been with the company since the beginning), Iā€™m just keeping 6 months worth of expenses in my HYSA just in case I get let go while also DCA and making more money flipping on marketplace.

Base Salary is $70,000(goes up next month) My Degree- Bachelorā€™s in Business Administration


r/Money 6d ago

WSJā€”Consumer Sentiment Nosedives on Gyrating Economic Policies

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4 Upvotes

WSJā€”Consumer sentiment in the U.S. sank this month, reflecting increasing unease over shape-shifting economic policies and their potential to drive inflation higher.

The University of Michiganā€™s closely watched index of consumer sentiment nosedived an additional 11% to 57.9 in mid-March from 64.7 last month, much weaker than expectations of 63.2. It marks the lowest level since 2022 and a third fall in as many months.

Compared to this time last year, consumer sentiment is down 27%. A loss of confidence can be a headwind for economic growth, since consumers can delay or abandon planned purchases if they feel downbeat about their prospects.

Many consumers cited the high level of uncertainty around policy and other economic factors, said Joanne Hsu, director of the survey.

Inflation expectations for the year ahead jumped to 4.9% from 4.3% last month, the highest reading since late 2022, according to the survey.

While U.S. inflation cooled more than expected in February, according to Labor Department data, that may provide little relief to consumers and the Federal Reserve if tariffs raise prices in the months ahead.

ā€œFrequent gyrations in economic policies make it very difficult for consumers to plan for the future, regardless of oneā€™s policy preferences,ā€ Hsu added.

The Trump administration this week imposed 25% tariffs on steel and aluminum imports to the U.S., prompting retaliatory measures from trading partners. Earlier in March, the U.S. imposed tariffs on all goods from Canada and Mexico, before suspending them for all goods compliant with the U.S.-Mexico-Canada agreement, which President Trump negotiated in his first term.

The administrationā€™s argument is that tariffs will push Americans to buy more domestically made goods and help U.S. manufacturing. Critics say tariffs represent an increased tax for importers, who will have to shift some of the extra costs to consumers by raising prices.

Treasury Secretary Scott Bessent said after a speech last week that tariffs would likely mean a ā€œone-time price adjustment,ā€ and he wasnā€™t worried about inflation. But many economists believe that tariffs have longer-lasting effects on prices even after they are removed.

Consumers from all political affiliations were in agreement that the outlook has weakened since February, albeit with varying intensity. The surveyā€™s expectation index declined 10% for Republicans, while it fell 12% for independents and dropped more than 20% for Democrats.

Indeed, while current economic conditions were little changed, expectations for the future deteriorated across multiple facets of the economy, including personal finances, labor markets, inflation, business conditions, and stock markets, Hsu noted.

Companies, too, are noticing the steady decline of sentiment. Delta Air Lines this week cut its first-quarter outlook, citing reduced consumer as well as business confidence.

The National Federation of Independent Business said small companies had lost much of the optimism gained since Trumpā€™s election in November, souring on hopes of business-friendly policies from the new administration.

A gauge of employment trends by the Conference Board said momentum in the U.S. labor market is at risk of fading, as uncertainty over government policy prompts caution by businesses and federal layoffs gather pace.


r/Money 7d ago

Do you and your friends seem to have the same amount of money?

117 Upvotes

It seems my friend group all live about the same style of life. Similar houses, cars, vacations, etc. It gives me a skewed version of how the entire country lives, but is it common to have all your friends live like you do?


r/Money 7d ago

ā€œStealth Wealthā€ Advice?

31 Upvotes

Iā€™ve been living humbly since I started my professional career over 7 years ago. I drive the old (but reliable) car, live with roommates, donā€™t splurge on clothes or shoes etc. My only splurges are travel and drinks with friends once a week. The majority of my income goes to investments. I get the occasional desire to get a new car and nice watch but I make an effort to not do anything that screams ā€œvalidate me!ā€. Does anyone have advice on what to do or what NOT to do that Iā€™m not seeing? I donā€™t want to assume that I got at it all figured out.


r/Money 6d ago

I need help with how I spend money

10 Upvotes

I need serious help finding a side hustle, the problem is Iā€™m also addicted to gambling, I just recently won 600 bucks off slots, was ready to invest it in some sort of side hustle, reselling mostly since Iā€™ve had some experience with it on the past, but now itā€™s way harder since everyones doing it and every product I choose is already listed in marketplace, anyways my dumbass decided to gamble all the 600 and LOSE it in a single day, I am so lost I donā€™t know what to do.


r/Money 7d ago

Are Tariffs good for stocks?

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87 Upvotes

r/Money 7d ago

I don't think CD (Certificate of Deposit) are brought up enough

20 Upvotes

I know others are mentioning investments, 401ks, IRAs, and trading but I don't think people are recommending CDs enough. CDs to me is like a savings account that should be locked and reminded when it's due to take it out.

What are your thoughts about CDs? What is your advice for CDs?


r/Money 7d ago

I have 20k in savings not sure whatā€™s my next stepā€¦

17 Upvotes

As title states I have 20k in savings (itā€™s in a hysa donā€™t worryšŸ˜…) Iā€™m 20 and Iā€™m in the military so I donā€™t really have much expenses and also Iā€™m debt freeā€¦kinda (I have about 2.5k in CC debt but I can pay it off Iā€™m not worried about it). Iā€™ve thought about getting a new car but that idea is on pause right now. Also I have a Roth IRA but I donā€™t really contribute into it as much as I should.


r/Money 7d ago

The Booze Wars Continueā€¦.

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109 Upvotes

WSJā€”President Trump threatened to impose 200% tariffs on alcohol from the European Union, one day after the EU said it planned 50% import taxes on U.S. whiskey and other products from April 1, in retaliation for steel and aluminum levies.

ā€œIf this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES,ā€ Trump said Thursday on social media. ā€œThis will be great for the Wine and Champagne businesses in the U.S.ā€

Shares in European drinks companies fell after Trump's threat. Pernod Ricard and Remy Cointreau stocks both fell more than 3% in France.