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Comments are lockedStickied postModerator of r/personalfinance

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I'm freaking out crying! I can't pay this. I'm a grad student that lives paycheck to paycheck. I have student health insurance that's year-round. My school has a rule that if you get a referral from the school's health center, then Specialty office visits at my school's hospital are covered. I didn't know about this so I just made an appointment with my school's hospital's Urologist and went in for a 1-year follow-up. It wasn't my first time going, I've gone numerous times in the past. I guess in the past, my visits were covered because my original referral was 1 year long.

This time, I actually still did pay $25 in the office because I told the office workers that I had student health insurance, and that's the copay for it.

This past weekend, I got this "Explanation of Benefits" in the mail and it says THIS IS NOT A BILL, but "It is your responsibility to pay: $1008.00". I think I actually have to pay it to someone, right? To the Urology office at my school's hospital?

I signed into Anthem and it also says I have a $1008.00 denied claim.

What is my next step? I think I need to submit an appeal to Anthem Blue Cross. Are there any techniques or strategies to get them to accept it? Like, things to say. Or things not to say. I literally cannot pay it. I forgot to get a referral from school. But that sounds so dumb.

I also emailed my school's health insurance office with similar questions. I'm so scared.

Is there a way for me to pay this off slowly over time? Or to apply for some sort of funding or charity? I need all the help I can get.

Thank you very much for your time.

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Sorry I'm on mobile and I just dont know where else to turn to. Sorry for bad formatting.

Using a throwaway for this I just dont know what to do. I'm currently working at a 100% commission based job and it's been about 3 months and I've made zero money. Yes, thankfully i haven't been fired yet because of the super high turnover rate. I'm currently living with a manager in his spare room so I dont have to worry about rent or any type of bills for that matter. But he said he'd only give me 2 months until I had to start.

I only have $3.82 82 cents in my bank account and 3 dollars cash. I'm only able to eat once a day when my manager makes dinner and he offers me a plate.

I am unable to get a 2nd job as I dont have my own transportation or enough for the bus fare. And I doubt my manager would be thrilled about giving me a lift to work.

In 3 weeks my first sale will close and I'll have money I just don't know how I can survive until then with what I have.

Edit: to fix font

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Quick back story: My wife and I bought a home last April when we relocated for my job. Since the home purchase, she has doubled her income and mine has gone up over 300%. As a result, we are now in a position to buy a slightly nicer house and keep our current one as an investment if it makes sense.

Some of the numbers:

Purchase - $232,500 Still owe - $204,000 Payment - $1,563 (mortgage, taxes, insurance)

At the time, we only made about $90,000 combined, but we now make about $260,000. We are looking at purchasing a new home in the neighborhood of $320-350,000 and keeping our house as a rental. It’s not a NECESSITY to have a newer home, we realize, but it would be nice to be in an area closer to our offices to cut down on daily commutes, with a little more space for a family, at a relatively small portion of our new income. We live in a hot renter market where home values are going up 10-15% per year, and rents are rising rapidly despite the market being flooded with new rentals and home inventory being low. Right now, though, we are looking at getting about $1,500/month for the rent on the house, so we would be out of pocket $60 or so per month plus repairs and vacancy, what ever those end up being.

I have no doubt that we could easily cover both mortgages for a while if for some reason we ended up with a vacancy, and cover any repairs that are needed on the house as a result of renting. Within 2-3 years I’d expect the house to cash flow positively with no updates, or we could probably get it to cash flow positively now with a little work, but we aren’t looking to have that work done if it’s not a necessity. It was actually flipped two years ago, so it’s fairly up-to-date.

My question is simply: is it generally a good to rent a home where you’re getting negative cash flow when other benefits can bring the investment to a positive net return? We are still earning on price appreciation over time (most likely) and the mortgage paydown is like $300/month so if I’m thinking of this properly, we will be coming out ahead now and will have a great cash flow within a few years when rents are up. We are 24 years old and don’t plan to move any time soon so we think it’s an excellent idea but maybe I’m missing something? Thoughts?

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Hi,

I got adopted and brought to the U.S when I was young. I'm on the autistic spectrum and I'm relatively high functioning although I have been extremely sheltered and not really familiar with the outside world. I didn't venture outside the house till about 6 years ago. During the first 2 years, people were constantly approaching me to join some kind of MLM or pyramid scheme. Although I never gave in, such interactions did reveal how naive I was. I'm 30 now.

To my great surprise, I developed this skill being able to connect with other humans and got into sales. I sold mattresses and furniture and I got about $8000 saved up in a checking account.

I have no car. I don't know how to drive. I have no rental history. I always stayed with family. I don't have any real friends, though I'm good at making superficial conversations that are good for "sales", I'm very much an introvert and being on the spectrum, I prefer mostly to be alone and actively avoid collecting "Friends". I don't have a lot in common with many. I don't watch TV. I don't watch the news. I frankly don't know anything about politics or sports or movies or current world events at large. I'm not on social media.

I'm getting kicked out. I don't really know the steps in front of me. Should I rent a room? I'm in Vancouver, WA ( not Canada ) and property and rent have gone way up. I would deplete my savings in a couple of months.
Unfortunately, all my work experience and work ( selling mattresses and furniture ) was at a family store and I won't be able to work there anymore. I could apply to other furniture stores in the area but such stores seems to be hi in this area right now.

I don't have many of the basic skills that most humans have like driving. I'm not mechanical. I may be high functioning but people did used to call me retarded all the time just to give you an idea of how others perceive me. I need help from some compassionate souls to help me guide where to go next with my life. My mind does things it already knows. So if it doesn't already know something, it doesn't do! So not knowing any blocks in front of me, I feel unable to move.

Where to stay: The nearest motel costs $75. I guess I could stay there a night or two. Should I invest in a tent and go into the bushes? I could look at Craigslist for roommate situations but having no rental history, I'm not sure how that works out. I also have something else going against me. I wish I didn't have to say this but it's the nature of the world we find ourselves now - my skin color is brown. People naturally seem to be afraid of me.

Where to work: I have no skills that I'm aware of except "talking to people". I can make people comfortable for a short while. The kind of small talk and laughter that would be good in sales. I do think outside the box as it's impossible for me to see the box. My greatest asset is my mind. I have no manual labor skills but I'm willing to try anything to survive. I would be just really bad at it. No repair or mechanical skills.

Changing Phone: I'm on a T-mobile business plan from work. I need to get my own phone number and join a plan. What kind of monthly payments am I looking at to getting my own number? Do I just walk into a T-mobile store and just ask? Do I need to bring any documentations? = Such questions gives you and idea of how unfamiliar I'm with the outside world.

My strength: My will. I don't know how to give up. I will keep getting back up and walk towards that door that I believe in. This time, I don't see any doors in front of me. Point me in the direction and I will go all in.

I'm at a Starbucks right now. Been here for like 3 hours. I'm going to leave to find some nourishment but I will watch and respond to any replies when I get the chance to have wifi. Thank you.

EDIT: Thank you everyone who wrote me. It is quite emotionally overwhelming all that is going on. It really hit me around 3:00AM. I have never been alone like this. I'm a grown man and I cried like a baby till 5:00am. I don't know if I can reply to everyone. I did not expect so many to write but I will seriously consider all the steps you have all put in front of me. Humans are the best and the worst part of Earth. Thanks for the hope.

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Welcome back! I apologize for not being very active in the [first part] (http://goedhartvoordieren.nl/?page=r/personalfinance/comments/9fukac/introduction_to_buying_a_house/), there was a lot of stuff going on in life at that point. I'm back with part 2, on closing costs, loan programs, and other assorted questions and answers. [This here] (http://goedhartvoordieren.nl/?page=r/personalfinance/comments/9fukac/introduction_to_buying_a_house/) is a fantastic guide for getting started, although it doesn't *quite* include everything. Feel free to use that one for reference, I'm going to make my own list. Note that these can be paid by the buyer or the seller, that's up for you guys to decide, although it might be *very* difficult to get some people to budge on things they don't want to bring to the table.

  • Appraisal fee: ~$400. You are allowed to shop around for it. I mentioned last time, appraisals are absolutely necessary after the 2008 housing crisis. I also mentioned this, but home values are based upon the actual prices homes in the area sell for. If there's no home like yours in the area, then they may do a cost-based appraisal, but market-based is the standard.
  • Application fee: 0-$600. The other post lists these two as one fee, but the truth is that different lenders handle them differently. I personally don't like them and my company doesn't charge one. If you are being assessed one, make sure you find out if it's refundable. As a general rule, if it's not refundable, be very cautious about finishing the application. It's not a guarantee that they're not good, it's just money you won't be able to get back.
  • Credit Report Fees: $25-$50. This is the only fee they're allowed to charge before an application has been completed. Federal law says this *must* be the actual cost of pulling credit, which is *typically* only around $25, but co-borrowers will bring that up.
  • Home Inspections: $250-$300. This is *not* an appraisal. These aren't required except for VA loans, which require pest inspections, water tests, the whole 9 yards. I'd *recommend* it just as a good idea for you to know what you're getting into.
  • Survey: ~$450. This one may or may not be required, depending on where you are and who you're working with. The point of the survey is to determine exactly where the property line is and that the property matches what's on the county record. Very helpful for property disputes, too, but usually not really worth it for those.
  • Title Services: $700-$1500. You can shop around for this. This is one of the pretty cool things about a mortgage. When you buy a house, they do a complete title search, checking the entire history of the title, starting from the time the title was actually first established. That will *typically* include the recording fee for the update to the title, too. If it doesn't...
  • Recording Fees: $50. This is just the cost of getting the county clerk to actually mark the transfer of the title. Usually included in title services, but if it isn't, it's still usually pretty cheap.
  • Lender's Title Insurance: ~$400. This is to protect the *lender* in case blemishes that need to be cleared up come up on the title search. You can also buy your own policy for about the same amount of money, but that's completely optional. It covers the lender (and you) if any unexpected liens show up, or a past heir appears out of nowhere to claim the property as an inheritance. Not the sexiest product out there, but it typically doesn't require anything outside of the up front premium.
  • Transfer Taxes: ~0.1%-1+%. The actual dollar amount depends on the amount of the loan. It also varies *heavily* on where you are. Some counties are a lot more expensive than others.
  • Attorney/Paperwork Fees: $0-$500. Sometimes yes, sometimes no. This is the fee associated with actually drawing up the contracts involved and paying the lawyers for their time. And this is where we start getting into some of the doozies.
  • Prepaid Interest: 1st month interest, typically ~$200-$300. Most of the time, you'll be required to pay the interest that would accrue over the first month.
  • HOA Transfer dues: Varies. IF your neighborhood has an HOA, they *may* have some fee associated with transferring membership in the association, or you have to pay your first year's dues...
  • Initial Escrow: ~$1000 + ~0.3-1% of price. This is the combination of the first year's homeowner's insurance and the property taxes for the rest of the year. Something to be aware of, the previous owners *may* have paid ahead on the insurance, so they may need to be refunded for that. Property tax rates vary state by state and county by county, so you're going to want to look into that ahead of time. I also get a lot of questions on what escrow actually is. Escrow is what you call it whenever you give money to a third party to pay someone else. When it comes to a mortgage, it typically refers to the taxes and insurance. When it comes to buying a house, it refers to...
  • Earnest Money: $500-$3000. This is negotiable and down to the seller. This is the money you put down on the house to show that you're actually going to buy it. When you do this, it also gets put into an escrow account, to be held until the sale goes through. When you hear that your house is in escrow, that means that your offer has been accepted, but the closing paperwork hasn't been signed. And now we get to the last two fees, the two biggest ones.
  • Origination Fee: $700-1.5%. This *might* be a tiny bit negotiable. This is how the MLO gets paid and this is where the underwriting and processing fees typically get rolled it. Sometimes you might get them itemized, but if you don't this is where they are. This one depends heavily on the lender you're working with. Ask about what's getting rolled into it, because depending on what it includes, you might be able to get it reduced more than you would by just saying "that's a lot".
  • Discount Points: 1%-3%. These are entirely optional. Just know that you'll be paying a higher rate. The way these work: a point is equal to 1% of the loan amount. MLOs are limited in how many they're allowed to use on a loan after 2008, usually around 3 or 4. You can usually bring the interest rate down by 1/8% to 1/4% per point. Whether they make sense for you or not is entirely dependent upon your situation. Ask the lender how many points, how much it will cost, and how much it will save you. This one is for *you* to determine.

Now, time for the fun part! Loan Programs! Because lenders don't really talk about what the actual differences between loan programs are, a lot of people really don't understand how they work. Really, there are only 3 major loan programs out there. Those three: FHA, VA, and Conventional.

**VA:** I'll handle the veterans first. Veterans have the best loan program available. You can have 100% of the value of the house financed with a guaranty from the VA. There *is* a funding fee to be aware of, but this is the only fee on purchase that you are allowed to roll into the loan. It's usually 1%-2% of the loan amount. HOWEVER, if you receive literally any disability benefits from the VA, you can have the entire funding fee waived. In addition, VA loans require a VA appraisal, which is a little bit more expensive, usually ~$650. They also require pest inspections, water tests, the whole nine yards. VA loans are only allowed to be used for primary residences in a 1-to-4 family residences. Fun thing about this stuff. VA loans are not actually loaned by the VA. The VA simply guarantees it against default for the lender. But only certain lenders are allowed to offer a VA loan. Not just anyone is allowed to underwrite those, it's an extra certification process. If you're looking for a VA loan, make sure to actually ask if they can offer those. As a *general* rule, there are very few times a VA loan isn't the best option for someone. However, with rates on the rise, the advantage of VA loans is shrinking.

**FHA:** This is the one that people toss around a lot that confuses a lot of people. FHA stands for Federal Housing Administration. An FHA loan is insured against default by Ginnie Mae. ALL FHA loans have a Mortgage Insurance Premium attached to them, which will raise the monthly payment a little bit. FHA purchases require a minimum down payment of 3.5% to come from *somewhere*. The actual down payment amount required is slightly dependent on your credit score, but as long as you're a 580, it's fine. These loans generally have much looser credit requirements, which makes them a little bit more common. They also require an FHA appraisal, which is also more expensive, usually ~$550-$650. These also have an extra underwriting certification, but it's much more common than VA. Right now, about 1/3 of the loans in the US are FHA loans. The biggest disadvantage with FHA loans is that they include Mortgage Insurance for a *minimum* of 11 years. If you put down less than 10%, the Mortgage insurance is in place for the life of the loan. BUT FHA loans also have much more generous credit qualifications, and this is the other big advantage. Most conventional loans (going into that next) require at least a credit score of 620. FHA loans can get as low as 520, although lenders that actually offer those are a little more rare. The one catch is that you can not in any way be delinquent on any government debt, *including student loans*. Just be warned of that.

**Conventional:** This is the last major category of mortgages. Conventional just means there's no associated government program. This includes just about every ad that you see, including those idiotic HARP ads.... (For those wondering, HARP is designed for people underwater on their mortgage. If you haven't refinanced since June 1, 2007, you can have the appraisal waived. If you owe more than your home is worth, it might be worth looking into. Otherwise, just ignore it all.) Conventional loans typically require a 10% down payment, but almost universally, require a 5% down payment of *your own funds*. These can be gift funds, but they require a notarized letter saying it's a gift and not a loan. There are certain, very specific, circumstances that can get you a 3% down payment, but they're very rare. If you're putting less than the traditional 20% down, you will be required to pay for Private Mortgage Insurance. Yes, this is technically different than Mortgage Insurance Premiums from FHA loans. Either way, you'll be paying extra. On Conventional loans, though, the second the loan hits 80% you're allowed to cancel the PMI, and the second it hits 78%, they're required by law to cancel it. If your credit score is above 620, conventional is going to be your best bet about 95% of the time.

**Adjustable Rate Mortgages** Time for a little note about ARMs. These are really the loans responsible for the housing crash in 2007. After that, they're a little bit more strictly regulated. An Adjustable Rate Mortgage is a mortgage that will *change in rate*. That's the catch with them. Typically, they're fixed for the first ~3-5 years, then adjust every year after that. The adjustments are capped and you're informed of what those caps will be, usually a maximum annual adjustment as well as a maximum lifetime adjustment. These are *risky* as all get out, the adjustments are tied to what the markets are doing, usually tied to one of a couple of indexes. I would never, ever, actually advise anyone to go into one of these unless they're going to be in the loan for less than 5 years. Even then, it might not be worth it. Just... Risky products.

Finally, to wrap it all up, because this one is getting long too, I'm going to say a little bit more about something that got a lot of conversation on the last post. I know I said interest rates really don't matter, and to an extent, that is true. They matter only inasmuch as they affect the monthly payment. The bigger effect is the length of time of the loan, because you have to pay a large sum of money in about half the time. (Side note, some lenders are able to write loans on 5-year intervals, some are only able to write them in 15 or 30 years. Worth asking about.) I'm not going to tell you to not worry about the interest rate, but I am going to say that the interest rate is not automatically the single most important part of the loan. For those asking about why I'd recommend a 30 year loan for someone who really couldn't decide on what term, here's why: 30 year mortgages have *much* lower payments, which allows for much more flexibility. If you're able to make the payment on your 15 year loan without a problem, it's not really something to think about. But if the 15 year is going to be a little tight, or you foresee something coming up in the near future, like having children or a company going under, the 30 year gives the flexibility for just in case something happens, you're on the hook for $700/month instead of $1300. Very, very few mortgages have prepayment penalties anymore, so that shouldn't be something you need to worry about if you choose to go that route.

One last note, just in case people are feeling a little cynical or jaded from past experiences: After the Dodd-Frank Act, Mortgage Loan Originators are, by law, only allowed to be compensated based on two things. Those two things are 1. the Loan Amount and 2. the number of units they fund. If an MLO is compensated based on program, rate, discount, or anything like that, it's *quite* illegal. We don't care if you choose a 15 or 30 year, FHA or conventional, Adjustable or fixed rate, any of that.

So anyway, that's the rest of the information dump. I know there are a couple of other MLOs on the sub and maybe a few Realtors, feel free to jump in and help with answering questions too.

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Like the title says, I'm not sure what to put my money in. I can put more in if necessary but here's what I've been looking at based on older threads on this subreddit:

ITOT, IXUS, and FDEWX

As I understood from the sidebar, at 21 I should roughly be at 20% bonds and 80% stocks, but I'm not sure how these choices fit in to those as they are ETFs and Mutual Funds (assuming I'm doing this right so far). I don't even know if these are good choices. My question is: how and what exactly do I allocate my money to?

I've also been told by a friend to maybe not invest all of my money right away and instead do it in intermittently (dollar cost averaging)? Anyway, would appreciate any advice before I go investing blindly - thanks!

Edit: I should add I'd rather everything be done passively rather than actively managing my investments.

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A year ago, I was doing (imo) extremely well and being responsible with my debt. At 22, i had an okay credit score of ~730 and managed to pay the $100-$200 I would rack up in monthly debt off on time with no problem.

This will be.long winded to explain the whole situation, so apologies. TLDR down below. This all started when I had to take my late dog Raleigh to the ER late at night. Having no money saved up to pay the bill, I put it on a card. This happened with him a week before I was set to go on vacation and seeing as how the vet chalked it up to him being okay, I went on vacation as planned and incurred a little more debt. A few days after I got back, Raleigh was exhibiting the same signs and being very scared for him, i took him to the ER once again given this was about 4 am and it was my only choice. Vet tells me hes now concerned and my dog is taken to a vet clinic with a neurology department where they find a cyst in the left part of his brain that has a 10% chance of actually being removed even if they can operate. Long story short, I leave without a dog and have about $3,500 worth of debt.

Fast forward closer to the present, I have had an "existential crisis" that has led to me quitting my job, and spending sround $4000 to a trip to Japan, where I am currently residing. I'm still unsure if this was self-sabotage in a lack of caring for myself or a genuine desire to lay it out on the table and gamble with fixing my life and starting new, but im now beginning to see it was the former.

I find myself with about $10,000 worth of debt (and rising due to no more money in my checking account), no job and very little hope in coming back from this one. Yes, i know im dumb. I could use any input that you guys can provide. I am already putting in applications for a new place of employment for when I go back home to America in about a week.

TL:DR: ER visits and impulsive spending has me in about $10,000 worth of debt with no job (yet) to help with payment.

Dont know if its important, but a little info that may help: Have three credit cards at the moment, two with debt. Credit card one has $6,500 of debt (used for almost all of my purchases, terrible idea) card two has around $500 worth of debt and is being used to pull money out of the ATMs in Japan since I cant use my checking. All other debt is from a loan I incurred to get a lower interest rate on some debt previously charged to card one. Furthermore, my bank is asking for a minimum payment of $1,000 due on October 10th or else they will add an additional $1,000 to the card.

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Hi there,

I was on a J1 visa in USA for an internship. Invested some of my earnings in wealthfront. Most is kept in a chequing account.

How should I go about filing taxes? Especially on the investment piece.

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I can see my doctor sent in bills for appointments from early 2017. There are several at about $200 non-covered each (about $1000~ total). My insurance requires in-network doctors to submit them within a year to be covered. According to my insurance she tried to send them in, got rejected for any amount, and forwarded me the remainder. What do I do?

edit: Washington state

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Hi,

I've seen a great deal of posts on this sub are US based but I was wondering if anybody could give me some guidance anyway!

I currently am 23 years old with £50,000 in savings which is currently in NS&I premium bonds (this is now maxed out), I pay the maximum contribution to my pension and my company matches that contribution. I currently earn £58,000 a year before tax and my outgoings are very low as I don't have any house payments or car payments. I have no idea really how to invest and don't have any family members who invest so I don't really know who to turn to to make my money go further. If anybody could give me any pointers it would be greatly appreciated!

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I am 27 with 87k in student loan debt (41k @4.25 in private/46k @~4.6% in federal). I am putting nearly 2-2.5k a month toward student loan debt. I recently got a new job, a potentially long-term situation, as I really like this company. Next month, October, I can begin to contribute to the 401k. The company matches up to 50% of a 4% contribution (i.e., a 2% contribution is matched at 1% and a 3% contribution is matched at 1.5%). Questions...

Should I contribute, period? As in, should I wait until after I pay off my debts? I am trying to get to paying 3k/mo on my loans, but I sure would hate to give up free money. With that being said, assuming most people will say Yes, contribute to a 401k, should I contribute the full 4% or maybe just 3 or 2?

Secondly, should I contribute pre-tax or Roth? I have read the information on here regarding retirement and the difference, and frankly I'm still a little blurry on the difference. I guess I just want to make the best decision for me now so I'm not losing too much money that would hurt my ability to pay more on student loan debt.

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I graduated in 2015 with a degree in Econ. I had two internships that didn’t go anywhere and a contract job looking at images for google. As of now the only income I have is from driving for Lyft while I look for a career as a dev.

I went to a coding bootcamp and I’ve been trying to find work as a developer but I haven’t been landing anything paid other than equity only positions. I’m 25 turning 26 soon so goodbye parents health insurance.

I don’t really know what to do. I don’t have any debt for the degree or the coding bootcamp so my effective net worth is about $100 on any given day.

I can’t explain it but I feel like I’m running out of time to get it together. I have a startup that wants me to work for them for 6 months for equity but that doesn’t really help my current situation and I’m not sure if I should take it. I want a stable career.

How screwed am I? I’ve been suggested to go work on a cruise ship, work in retail, or to try and be a bartender while I look for a career.

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Long story short, I'm 27 years old this year and realizing that while the path I've taken in life has been interesting, it's not one that I can continue down if I want a high quality of life later on. Since people around me are relatively low earners and mostly financially illiterate, I thought it might make sense to ask for opinions on the next step I should take. First a little background, I guess.

I'm 27 years old with a 4 year degree in Chinese Studies from a SUNY school. I've lived in China for 7 years and have been working with a small translation agency for the past 5. Variance in work availability combined with my own financial illiteracy, unavailability of investment options for foreigners in China, and a bunch of other things have lead to me having essentially no savings, though I do have decent quality of life due to the low overhead of living as an expat in China.

In April I participated in a two month intensive coding camp and excelled and am planning to try moving back to the US and getting an entry level developer position within the next year or so. Currently not only do I not have savings, but I don't have medical insurance or any kind of benefits (Chinese companies don't really do benefits), so I feel like as I'm getting older I absolutely need to come back and get a job that offers some security. Unfortunately translation is kind of a dying industry and the majority of positions in the US aren't very high paying, hence the planned move into tech.

What I'm hoping you all might be able to help with is that since I've been in China for essentially my entire adult life, I don't really know what my value is in the US job market or what's realistically available to me work-wise.

Of course my family in the states all think that fluency in Mandarin and overseas experience are really valuable, but I'm skeptical. It seems like American Born Chinese will always trump me in jobs requiring those skills since they also look Chinese, plus my lack of any kind of education in business, economics etc seems like it would be a huge obstacle in getting any kind of white collar job dealing with China. But again, I don't really know.

What do you all think? Is tech my best option for a relatively quick path to high earning potential or should I be looking to somehow leverage my 7 years of weird life experience? Is it even worth anything? One advantage that I have is that I do learn very quickly. I'm confident I can pick just about anything up in a short amount of time, but I assume most job candidates say that, so it's probably not worth much in lieu of job experience or education in a field.

Any advice at all would be great, and if I've wandered somewhere my question doesn't belong, feel free to say so and I'll happily fuck off. Either way, thanks for reading.

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I am not really sure where to start but I’ve been losing sleep at night because I feel like I’m going no where and making nothing.

I am 25 and work in public education for a school system. I am part of the IT department and have since I was 18.

When I graduated high school I applied for a job with my local school system and got the job. I started at 32k a year with full benefits and a pension plan which seemed awesome at the time. Well now at 7 years later I’m making 36k and feel no closer to getting where I want. I am still a tech 1. My county doesn’t promote techs unfortunately.

I live in a very rural town in the south which I love. I’ve been here since I was born and I don’t want to leave but I feel like I’m going no where at the same time.

Honestly I get a little mad when I see posts of “I increased my salary just by doing x” and it feels like there’s nothing I can do about mine.

To be clear I absolutely love my job. Not like it’s a good job love like I wake up and I look forward to going to work. I can’t imagine doing any other job. I don’t have any desire to go back to school. I know that sounds bad but I hated school. I don’t want to go to college I just want to work.

So I own a modest home nothing crazy. 1500 sq feet in a nice secluded area with no neighbors. My loan was for 80000 which I currently owe 70k on. All my bills total each month total at $980 a month. I feel like I save nothing each month and I’m trapped driving the cheapest cars and buying off brand stuff.

I feel like if I don’t nickel and dime every purchase I’ll be poor forever. I’m just tired of being poor and I feel like I’m drowning in debt.

I’m sorry for the long post and sorry if this is the wrong subreddit for this but idk what else to do. I need help but I feel completely lost. I’m not looking to make 6 figures a year I just want to live comfortably and drive a decent car. I’d be perfectly happy making 50k a year. That doesn’t sound like much to some of you but it would be huge for me.

I want to keep my current schedule it’s very important to me because I have a special needs little sister whom I help my parents with every single day. I work 7:30 to 3:30 no weekends no holidays etc but I feel trapped being poor.

TLDR: work in the south in public education I feel trapped being poor with no end in sight and I don’t know what to do.

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About a year ago I posted asking about how to finalize my financial plan. I received a lot of interesting feedback, but the one that stuck in my mind was from /u/mormengil

Right now, your energy and creativity would pay off a lot more if it was focused on building your career and your income, rather than optimising your investments.

I took this to heart and spent the last year pouring myself into work. I found myself in one situation after another that gave me opportunities to perform and show my worth. In January I got put on a huge project that gave me responsibilities way above my pay grade.

I've been constantly the youngest and least experienced person in the room for meetings on this project. With this advice rattling in my head, I leaned on my peers and used the opportunity to grow and learn as a scientist - both personally and for my company. A year ago I was relatively new, constantly asking questions. Now I'm seen as a resource around the office - a co-worker forwarded me a question about something I wasn't working on because "you know everything."

The other day this all paid off: I got a promotion and a 16% raise.

Thinking about this as an investment, this is about in line with what $SPY has done in this time period. But that's not the true benefit. I'm one rung higher on the ladder and, more importantly, I've gained invaluable knowledge, respect, and connections that will continue to serve me positively as I move forward in my career.

IRAs and 401ks are obviously important, but don't forget your most important asset: yourself. Invest there, and it'll pay off.

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Today, my grandmother got a call from people claiming to be Apple. They convinced her that her iPad and computer (PC), and by some voodoo magic persuaded her to spend 7,000 dollars on Google Play cards as payment to “remove the viruses”. My mother received a text from her asking to borrow money, and that lead to the discovery. We called the bank, and they couldn’t help us. We called google support, they couldn’t help us. The only thing we could do is report fraud to the police. What do we do? What can we do? The stores had a no refund policy on the google cards. We’re calling the a different bank right now, they might have good news.

EDIT: We called discover and they said that these people have been scamming people in this area (San Jose) quite frequently. If you have and technically impaired relatives please don’t let them get razzle dazzled.

UPDATE:

we’re fucked, the only thing we can do now is report it to the FBI

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Long story short I've been dealing with depression all my life and it made me unable to leave my room, thus failing to finish last year of highschool(I'm from spain so I dont really know what "2º bachillerato" translates to) my parents had enough of me living for free and kicked me out, I'm at a loss on what to do.Fortunately my parents used to give me a monthly pay as an incentive for me to go out with my friends, I don't usually go out that much because of my depression so I managed to save up 2000€, I have a backpack with some clothes, deodorant, a phone/phonecharger, and I dont have a job.I dont mind sleeping on the streets as it is still hot outside.

TLDR: 20yo homeless with 2000€ a phone and some clothes.

Edit 1: Thank you guys so much, you don't know how much this means to me, people going out of their way to give advice and try to help someone they don't know really makes me happy.

Edit 2: i got insanely lucky!! A friend of mine offered me to take care of somethings in one of his houses, I wont be getting paid but I'll have a room, electricity and all that, and I'm also looking for some jobs because I don't know for how long my friend will need me. Again I can't thank you guys enough, now that I have some time I'll be trying to reply to all of your comments <3

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i don’t know why but every time i get paid i impulse buy anything in sight, then i get buyers remorse and the whole deal. I get paid bi-weekly so it REALLY screws me in the long run. what are some ways to save even when it’s really tempting to buy stupid things.

edit: spelling

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Hi,

I am 20 and I lost my mother (48) to cancer last month. I grew up poor and I received $239k in life insurance. To your dismay, I purchased a new vehicle (39k) because I totaled my vehicle and I commute to school and work 40k miles a year. I paid off my credit cards $7k, I get great scholarships from college and I will have 24k in federal loans after my bachelor's degree is complete in two more years. I have a beautiful resume, three per diem jobs (because who needs a social life) and make enough money to pay my bills and then some. I opened up a savings account to hold my money. I have two questions:

Can I use this money for a Roth IRA?

and,

Would just leaving the money in a 1.8% APY account be wasting potential?

Thanks

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My school fees are £35,000 per year, and I got a student loan of £70,000 approved. I have 2 years of school left. The loan tenure is 8 years, but I pay only interest for the first 3 years - after that I start paying off the principal + interest.

My parents are helping me pay it off until I start earning enough to bear it myself.

Now my school usually asks for the year’s fees upfront (ouch). My dad asked if I could put a request in to pay the fees termly, in 3 instalments per year. I did and they reluctantly said yes - my question is, how does this save money/help with cash flow? Do I save on interest by getting smaller more frequent disbursements as opposed to one big one? Personally I would rather pay it off in one go as it stops me worrying about fees all year, but of course if I’m saving something I would put in the effort to do so.

Thanks in advance for any advice :)

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So I'm back at home after a bad breakup, my parents are not an issue to get along with, and I live in a cabin on their property so I'm not IN their house. Regardless, living on my own really made me feel proud, and now that I'm back I feel very bad about it all. (I do pay rent/food/car) My options are A) save a few thousand before moving out and renting(within 1 year) or B) stay longer, save more, eventually put a down payment on a property, and move out.(2 years+ with currently salary)

Notes: I don't make very much money, I love my parents but I need independence more. I feel that my life is put on "pause" while I'm here. ANY perspectives are appreciated.

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Hello, my wife and I have been married for 5 years and we have 1 child, and another on the way. Before kids, we were absolutely slaying with our savings (upwards to $30,000 after my first 2 years after graduation) but now that we’ve settled in to a home, started a family, and are faced with competing pressures, we’ve ran our savings down to about 2 grand with $10,000 in credit card debt.

It seems like every time we dip into savings we have an “oh crap” panic moment and promise we need to focus but then nothing ever really happens. Insanity is doing the same thing and expecting different results, right?

So I’m looking for guidance on how we may get ourselves back on track with some self paced or instructional guides. My wife is a pretty private person and doesn’t want to talk to a financial planner or anyone in person, and I gotta respect that. But figured y’all may have some advice on how I may proceed. Much thanks :)

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FTP here, Not if this belongs here, but here goes.

I plan on switching Auto Insurances, specifically, from Allstate to Progressive. Currently paying 400$ at Allstate for a 92' Toyota Camry w/ Liability, and a 2009 Lexus Is250 w/ Full coverage on a 500$ deductible. Which I feel might be a bit too much, considering the I've only had a no seat belt ticket and no reported accidents. I feel like it should be cheaper. But if there is something I'm missing, please let me know.

Anyways, question is I've been told by an Insurance Agent, that i should cancel my insurance will Allstate on the 24-27 of this month to avoid having to pay for the month, an switch over as soon as i do so. However, I've just received the billing online from Allstate , which is due on the 7th of next month. Will i still have to pay, or will i still be able to go trough canceling on the 24-27 an not have to worry about payment for Allstate?

Apologies if post was longer than it needed to be. Appreciate any help!

EDIT: few words

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This may be suited better for legal advice, please let me know if I should post there instead. We are currently using the services of a low income legal aid. Attorney did advise us to talk with the HOA/law firm regarding our case. We have done that.

TDLR: Legal firm/collection agency offering us terms to repay HOA dues, fees, interest, etc. Is there anything my SO and I can do to reduce the amount?

First of all, let me just say that my SO and I are idiots. Now that is out of the way, we currently have a mortgage on a townhome/condo unit in a community governed by an HOA. We purchased our unit in 2009 for around $105,000. As of this year, we paid down to $90,000. We just restructured our loan due to defaulting on our payments because of Hurricane Irma, (we live in FL).

At the beginning of the year, we were under the impression that we had paid our dues for January. We pay by E-Check and went in to overdraft. We worked with this assumption all the way up until now. Turns out, we did not pay in January. Also, I forgot to adjust the amount we pay for Dues from $233 to $247.60 and so they tacked on late fees and interest for that too.

So, along with the missed payment in January and all the interest and fees and the difference of amount between the old payment and the increase, as well as legal fees, we owe a little under $8,000 to the HOA. A hearing for movement for foreclosure is set for September the 24th.

I told you we are idiots, (well, idiots with depression and anxiety but, whatever).

My SO is the only provider of income currently. The Law firm that represents the HOA has sent me an email outlining the terms we need to meet in order to prevent foreclosure. They are asking for 20% down or as close to $1,300 with payment terms for 12, 18 and 24 months.

The thing is, we have been paying our dues every month, with the exception of January. We've been paying under the old assessment of $233, not $247.60 so, while we were paying and on time, they are saying we were late on payments.

I'm wondering if we can get them to waive interest, late fees, even if it's just some of them, to reduce the amount we need to pay back to these bloodsuckers. I'm pretty sure they have us by the short and curly's but I figured it can't hurt to ask before we agree to a settlement.

So, would this be possible? If so, how would I go about doing so? Would I ask the attorney, who is working with us, to negotiate on our behalf?

Please be kind and thank you for taking the time to read and respond.

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Hello everyone! 🤗

Please just read this through... I know it's long, but just give it a shot!

I have never been one to use Reddit. I've had my account for a while, but just never really utilized it. I had originally posted around to a few Subreddits and didn't hear anything back. I eventually guessed that it was probably because my post was WAY long, and people dont have all day! Lol

Ok, so I'm going to try and do a quick summary, but it's tough because I don't really know how to put everything into words...

..... actually.... you know what?... I'll just try and state the facts easily so that people don't get bored and close the page, but also get the facts.

• I am a 30 year old, married father of two.

• I was born with a physical and slight mental disability.

• I lost my mother when I was 16, and my father wasn't in the picture very much (we try to text once in a while). So after her death I was alone.

• I then got extremely depressed, dropped out of high school. Years later I got my GED.

• I do not have a college education and am unable to get one. Honestly, i'm not intelligent enough and my scores were very low. MY circumstances make it currently impossible even if I wanted to.

• I have only really worked minimum wage jobs, and due to my disabilities I have never really been able to keep one....I know that sounds bad, but sometimes I'll get sick, be in a ton of pain, have migraines etc., and it would make it impossible even though my doctors would write notes... another thing that is really embarrassing to say and I HATE saying it, but I was born a little "slow" ... my brain just takes a little extra time for some things, and i've NEVER had an employer that understood or was even o.k with that. They all would act ok about it in interviews, but some of them would get annoyed and yell at me or call names....I can't help it and I definitely don't deserve to be called an "idiot" or "retarded"

• My wife recently finished a 2 year program and is now a dental assistant. We thought that our money problems would at least be a bit better, but after being hired at an orthodontists office, she found out that her pay was going to only be 9.50, 8-4 Tuesday, Wednesday, and Thursday.

• She is currently doing odds and ends jobs to earn a few dollars here and there.

• I'm a stay at home dad. It was always expected due to my disability, so it has never been a problem to my wife.

• It's a problem to me though.

• I currently do get disability. It is $589.00 a month. It's not much, but holy cow is it a life saver!

• We are currently struggling so badly to keep afloat.

• Our electricity will be shut off in 4 days. Our phones were already disconnected, and so was our internet. Thank goodness for free WiFi. Our gas bill is small, so that's fine. Our credit cards are maxed and due.

• Unfortunately we were in a car accident and our vehicle was totaled. It was already a pretty old one so the insurance company barely gave us anything for it, and after they took out the deductible... it left us with even less...

• I was recently diagnosed with Early Onset Parkinson's Disease

• I was extremely sheltered and was never taught a thing about credit or anything of the sort and I'm just barely learning.

• Our credit is destroyed due to about 35 different medical bills from different surgeries at my hospital

I have zero education, zero experience, and zero money. I can't do physical labor or anything that involves standing.... and my options are just so minimal that at this moment i'm crying my butt off...

I feel so unworthy to be my wife's husband and the father of my children... I can't support them... or myself.

I don't want money from anyone, I don't want anyone to pay anything for me. I don't have any services in my city that currently do any of those things either.

I just don't know what to do anymore...I thought about doing a business at home, but what and how? I don't have a dime to my name, I have no skills except some computer knowledge... my resume basically says "Failure"...I don't know how to support my family while being disabled, dealing with parkinson's, and having no experience or education...I don't have any family or friends...I know my wife is struggling... she didn't ask for any of this, she didn't think that my health would be this bad... I hear her cry in the middle of the night and it just breaks my heart...

I need to do SOMETHING...I thought that maybe the entrepreneurs of Reddit would find it in their hearts to help "teach a man to fish" so that I could take care of my family... but honestly, why should they? No one owes me anything.... they worked hard for their money through trial and error, and i'm supposed to just skip all that due to a sad story? That's what I think goes through people's heads as they read this... but..

I'm begging you guys,someone... ANYONE that can help me get out of this situation... that knows the ins and outs of being an entrepreneur, owning your own business, or at home business, and makes their living that way.... please.... help me help my family.

I don't want money, I don't want anyone to buy things for me. I just want someone to find it in their hearts to give me an opportunity. That's all.

Thank you so much for reading this guys... I know it may not be much, but if anyone needs someone to talk to or a shoulder to cry on, i'm here..... message me or something and I'll do anything in my power to help you.

  • Andrew -
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