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  • Married and 32 y/o
    • Combined base income of 225k, but prob averaging 300+ with commissions
    • Debt is one car payment at 4.25% with like 19k left
    • Mortgage of like 375k @ 3.25 (62k of it is a separate variable rate sitting at 6%)
    • I have 6k in a company 401k, 55k in Vanguard IRA. I also have a individual brokerage which was opened to handle my stock options
    • Wife has a little over 100k in company 401k

Now the biggie. Just sold some stock and after tax have 400k in a high interest 1.6% savings account for now. I have around 30k more I have yet to sell.

I am not sure what to do with this cash. I would like to put a large chunk, maybe 50k into total stock market ETF and just let it ride. We have toyed with getting a new house, staying in current + then buying small beach house. Maybe even a rental, but I am not sure how much of a headache that could be.

I would appreciate any ideas. Thank you


I'm 60. My pension pot is £900,000 (£700,000 brought in from my final salary pension) invested with an investment company I've been with since my 30s and so far have been totally reliable.

My adviser (who looks about 12) says I can have £3000 per month after tax (and no tax will be payable as they can use my tax free allowances) for the rest of my life rising with inflation and I should be able to take lump sums occasionally for cars, holiday etc. without affecting growth or tax position.
Do these figures stack up?
It looks like I could draw down 900K over 20 years and receive £45,000 PA, but my adviser says he needs to reserve approx half for growth and exceptional market conditions to meet my current £36K pension over my expected life.
What does the team think?


I searched and could not find much in the wiki about cutting spending, and even if this is a repost or similar I feel it’s a good reminder to think about expenses, not just increasing income!

I consider reducing expenses by $1 to be worth more than increasing income $1. The dollar saved is not taxed, and, reduces your personal cost of living which (if maintained) makes your future cost of living lower. I see people every day making decisions that are adding to their personal expenses, and just shake my head. People buying coffee while driving to work, getting snacks from gas stations, and buying lunch at work are examples.

This made me wonder – how much extra money is generated from saving an average of $5 every day?

Saving $5/day is:




Turns out that if you save that $5 every day for 40 years, it ends up being about $250k!*

\5.5\% return. Exact number varies based on # periods and interest calc (daily, monthly, annually) but I wanted to use a round number to make a point.* . Also to consider: $5 for 30 years is about $141k, 20 years is $69k.

Since being introduced to MMM blog a few years ago, I have been much more aware of where I am “leaking” these $5/day (and then some). I did not track anything close enough to show a change in savings over time, but I can say that with a combination of some of the things below, I am saving over $500/month from what I was spending.

I am sure there are tons more ideas out there, some of these won’t work for you or the dollar value isn’t accurate, and some may be things you don’t want to (or “can’t”) change. To save an average of $5/day you don’t need to make any of these changes permanently or every day, but on average reduce daily expenses by $5 and in 40 years that’s [likely] worth $250k!

Some examples of people who have saved and posted about it (ironically, both use $5):

Daily latte for savings

$5 for five years

Daily Changes:

Pack a lunch ($5)

Make your own coffee ($2-5)

Walk/bike to work ($1-?)

Drink water instead of buying a drink ($2)

Don’t buy the afternoon snack ($2)

Skip the gas station on the way home for the snack or drink ($2)

Weekly changes:

Skip the once a week lunch meal out with coworkers ($10-20)

Plan your (home-cooked) meals based on sales from weekly ads/shop at discount grocery store (Aldi, Trader Joe’s >> $10+)

Clip coupons

Buy items you use frequently in bulk (Costco/Sam’s – but don’t buy things you don’t need! >> $10+)

Have friends over for a get-together instead of going out to a bar/restaurant ($20+)

Drink water daily instead of buying another 24-pack of soda/la croix/juice ($5-10)

Cut your own grass instead of paying someone

Monthly Changes:

Pay any bills (credit card, rent, cable/internet in full, on time. (missed and late payment fees add up! $25+)

Cancel Cable/DVR ($80)

Cancel or consolidate Hulu, Netflix, Amazon video, HBO, etc. ($30)

Downgrade car to reduce or remove monthly payment ($150+)

Review cell phone bill, reduce plan ($20+)

Bike/Walk to work during nice weather month and skip paying for the parking pass ($100)

Shop at thrift store/rethreads for “new” seasonal clothes (“new” for you $100)

Consolidate loans for a lower rate (student loans $varies)

Increase 401(k) contribution to take full advantage of employer match ($varies)


Reduce rent by downgrading/relocating

Negotiate salary and benefits

Negotiate work situation – work remote one or more days per week to avoid commute?

Review employer-sponsored insurance plans to ensure proper coverage, and not too much (*this may result in an increased cost, but proper coverage could ultimately save you loads of $$$)

Review auto, renter/home, umbrella, and other insurance policies with an agent.

Review taxes to ensure maximum return for last year, or what adjustments could be made for future years

Cancel gym membership and workout outside or at a home gym

Are there home projects that could be a long-term savings? (LED Bulbs, solar, energy efficient windows, shutters, etc.)

What are other ideas?


Richest Man in Babylon... audio book on amazon was inexpensive and good. 🤲🏻


So I recently found out I was being massively underpaid, jobs went up recently for new graduates. I have the same degrees as the people applying and am already currently working for them. To add to that the job is listed a job title higher. Since I started less then a year ago my track record so far has been decent and have ownership over one of our major systems (I work in the media industry, if that goes down we lose a live show).

I put my request in for what I want (a month ago) and middle management have been dropping hints that I am going to get low balled by senior management (potentially under what the new roles are listed at), yet at the same time middle management go are constantly providing compliments and asking if they can change anything to keep me happy.

Basically, how should I approach this meeting if I walk in and get low balled. Do I fight them for more or just accept it and start applying elsewhere, the cost of living is a lot cheaper here and the job has been decent so far, in comparison to other cities I would have to move to but the salary sort of follows it if I move into the private sector?


  • Being underpaid, middle management hint I’m going to get low balled under new starters or match them by senior management.
  • Responsible for some important stuff (way out of current job scope).
  • Any alternative jobs in the field involve moving to a new city – I have no connections here thus nothing ties my still, apart from its a lot cheaper.
  • Been waiting over a month to hear back, when this meeting happens do I fight them or just accept and start prepping to moving on.
  • Job has been decent so far, so if they don't low ball me then this whole situation is avoided

I recently purchased a new phone. When i logged into qapital my goals are not there along wit my money. I sent a few emails trying to resolve the problem but no luck. There is no contact number and I am still being charged towards my goal. Is there anything I can do to get that money back?


Fun facts if you’d like to comment on: Company 401k, I put 20% towards company stock, 20% to mutual fund, 60% to retirement date fund 2055. Not sure what any of that really means to me.


I just checked my fico score from chase and discover, and it is around 747. My question is, why is my credit score so high when I just got my first credit card like 2 weeks ago? Before then, I have been using my mom's credit card as she put me as a authorized user, but I heard that doesn't affect your credit score.

I am 21

Even more confusing: I am looking at my fico score provided by Chase, and it says my length of credit is 24 months, my credit card balance is $2,509 and that my credit card limit is $31,400. (My actual balance should be $120, and my actual credit limit is 2500.


Backstory; Left dead end job almost 4 years ago to pursue my passion. Struggled a bit, lived on couches and at one point was collecting cans just to have ramen and gas money to get to gigs.

Ended up doing pretty well these last couple of years while being responsible with my earnings and was suggested to invest some money with Charles Schwab by one of my very well off mentors and best friends. Have little over $20k saved, no kids, single, own my car, late 20’s and very little personal expenses including rent.

Question is, what to do with some of my money that would be the most financially effective? I have looked into Roth IRAs, fiduciaries, starting portfolios and some other investment ideas but still weary of the long term outcomes and don’t want to dump it all into one thing. (Being broke sucks)

In my line of business, the ups sometimes come with downs so most people I work with end up just saving it incase work gets slow. Don’t see that happening anytime soon thankfully as I’ve been accumulating pretty good accounts with annually reoccurring events with my work getting good exposure and notice. Want to be able to retire comfortably modest eventually but no real aspirations to become a multimillionaire or anything just a comfortable life as I run down the clock.

Thanks in advance for any advice or input!


Basically. Adidas had a glitch on its site and it showed a shoe that was half off even tho I never would go on sale. Everyone was freaking out so I was like well if I’m wrong they’ll just cancel... but they never did. It just says waiting authorization from Adidas. I can’t chargeback on PayPal since it’s pending. I went on the live chat and the person said I have to go through my bank. I saved the chat log even though it’s literally just a word pad document. I’ll go to my bank tomorrow but what do I say? It wasn’t fraud. It’s just pending and seems it won’t stop. It’s been 2 days btw and I would like the money back. Thanks


I have enough money now to fully pay the "statement balance remaining." But what is the "total balance"? What is the difference between those 2 terms?

Say I wanted to pay everything back once and for all and owe $0. Would I have to pay the statement balance remaining or total balance?

Let me know if you need more details about the balance to answer these questions.


I'm 26 and my gross salary a year is around $34k. I'm not offered a 401(k) through my employer currently and I'm realizing I need to start saving for retirement, because the earlier you do it, the better. I currently have no retirement plan and have about $5k in savings. I've always been a bit confused/had a hard time understanding retirement plans, specifically Traditional and Roth IRA's, but I think either Traditional or Roth are the best options for me.

I can most likely afford to put ~$75 in a month, meaning $900 a year, towards one of these IRA's.

My questions are:

  1. What's the difference between Traditional and Roth?
  2. Any advice on which one would be better given my financial situation?
  3. Can you explain how interest and the "snowball" effect works when it comes to IRA's/retirement funds in general? For example, if I were to put that $900 in a year, how would I calculate how much I'd have in 10 years, 30 years, and retirement...etc? The online calculators I've seen haven't been that helpful since I don't have all of the info for an IRA.
  4. What's a good amount of money to put in yearly?
  5. Are there any institutions that offer IRA's that are better/worse than others? I live in New England.

Unfortunately my credit score is currently very bad and due to family circumstances, I have no one with a credit score who can co-sign with me on a car.

What are my options here? Can I still lease a car with such a poor credit score?

I live in an area with no feasible public transportation, so no car = no job


I'm saving to buy a house in an expensive market(Seattle). I expect to be able to save about 30 - 50k a year and want to know what to do with the money. I'm debt free and make 220ish. I was going to just put it in my chase savings account but that only get .01% interest. My other thought was a fidelity cash management account (fidelity is my brokerage) which earns .07. Other than that I don't really have any ideas.


My name is Edward and recently I have been selling what ever I could to keep my family afloat. I was injured at work a few months ago and was placed on short-term disability and unable to work during that time until the doctor released me back to work. I have 20k in debt already. 10k being from a car loan in which I got fooled. As the car had multiple issues in the first couple weeks. I took it back to the dealership and they said they would take it back and they put me in a new was car. While they put me in a new car they never actually took my old one back. Unable to pay for two cars at the same time I had no choice but to have my older car repossessed. We have about 7k in hospital Bills from the birth of my children and 3k in credit cards. I'm being garnished for the 10k loan and my wife and kids are on my insurance from work which is 150 every two weeks. I also took out a 401k loan to pay off credit cards before but being on short term disability my wages are cut. So I maxed out both my cards again. I'm behind two months on my car payments and recently got my electric bill and we are no longer on payment plan and have to come up with 240 to avoid being shut off. Which I dont have atm. In our apartments lease we can be evicted if our electric is shut off as we live in a nice neighborhood. I just started work again this week but I honestly have no idea what to do. I only make 40k on a good year. Please any advice helps. As me and my wife are still on Google at this moment trying to figure this out. My credit is 560, while my wife is in the 700s.


(TN) Looking at the models from sources we should see an economy decline by late 2019 or latest by early 2020. Now my question is if we are better taking out 401k funds (interest at 6%) is paid back to your own fund. Basically self debt your funds before the decline and lock them into your home buying loan of 3.45%. Idea of saying, company decline will mean I reduce risk of my 401k, as those declines occur while paying back myself interest. Or use cash on hand now, with the knowing that the market will decline but not in the housing sector. Thank you all in advance.


My vehicle was hit by another driver. The driver that hit me was deemed at fault and their insurance company is currently negotiating a settlement with me. They low balled the first offer so I am currently waiting on their second offer (originally being offered $3k, been waiting for about 3 weeks) after I give them some additional information about similar car in the surrounding area.

In the meantime the local human social services has contacted me saying that I will not be receiving food stamps next month because of the possible check coming. I am also being kicked off of food stamp completely but will have the ability to reapply in 90 days.

I was planning to use every bit of this settlement check to purchase a vehicle as I currently do not have a vehicle of my own.

Any suggestions or perhaps insight into my situation? I am sort of at a loss here and have about 20 days to prepare for this life changing adjustment.

Thank you.


I graduated a year ago with a degree in a field I am not currently in nor want to be in. (Teaching) I work at an entry level job for a tech/finance company and my salary is 32,000 USD. They match 6% of my 401(k) and that is basically all I save for retirement, and it comes out to about $300 a month. I have about $2,000 in my emergency fund and live in a decent sized Midwest city. My rent eats up a third of my monthly in come (about $600 out of $1,800). I have no loans. I end up saving about $300 a month of the remaining $1,200. The other 900 goes to insurances, phone, Internet, utilities, food, and entertainment. I just feel like I am falling behind of my peers. Should I cut back spending on my hobbies (golf, going to sporting events/ bars with friends?). Should I pick up a 2nd job or look for a better first one?? I really enjoy my primary job and its stress free and a casual environment. I just don't want to fall behind. Thank you


I've been in severe credit card debt most of my adult life, thanks in part to growing up poor with no financial education. Throughout my 11 year IT career at a large company, I've known several older people that have either had nervous breakdowns and left or died of heart attacks. This had an effect on my financial plan, which was basically to get a vasectomy, try to enjoy life without much care for a budget, and then die at 50 somehow. After selling my house last month, I'm rethinking that approach.

After not really ever expecting to dig my way out of debt, I have now done just that and have $45,000 left over. My wife has been a homemaker since we were married at the age of 18, but started working at a school for $25K a few years ago. Now that we have some money, she can afford to go to school to be a nurse, which she has always wanted to do. She has quit her job and we are moving into a cheap one-bedroom apartment this week which should make life easier and allow her to concentrate on this goal.

For the past couple of months, I've been reading a lot of r/personalfinance, and it has been incredibly helpful. Following the prime directive, I currently have $20,000 in a AmEx high-yield savings account as an emergency fund and have finally started contributing to my 401k up to the company match. I regret not doing this earlier, but the high-interest CC debt created a mental block and the multiple times I tried to learn what 401ks were about proved to be too daunting.

At this point, it seems that I should start contributing to an IRA. I really can't decide whether traditional or Roth is better for my wife and I, and this is where I'm looking for help. To add more detail, I recently received a decent promotion and make $80K with a potential 5% bonus, and of course my wife is not currently working. I'll probably end up working my current job forever, but don't see much room for growth past where I am. We also want to buy a nice small house in 3-4 years, and would like to save 20% for a down payment. We would probably be looking at a $225K house by current market prices. We had planned to move straight into another house from our old one, but were surprised that no one is accepting VA loans around here due to fierce competition. After several failed offers, we changed our plans to rent in a more convenient location than we could afford to buy at.

So, what would be best? Start contributing to IRAs? Which type for each of us? Otherwise, should we skip the IRAs in order to save more to buy a house? Or should we push that goal out farther and count on the extra money my wife will make once she becomes a nurse?

TL:DR: Former indebted nihilist sold house and now has $45K with $20K of that in currently in savings. Currently paying for my wife's nursing school but life needs to normalize a bit before I can accurately budget. I believe there is plenty of money to start maxing out our IRAs, but which type? Or should we do something else?


Note, I live in South Africa so it’s not dollar values

At the age of 32, I find myself in a good job with a great salary and decent benefits. The problem is that I didn’t grow up with financial savvy parents and it seems that their bad habits have rubbed off on me.

I spend absolutely everything I make every month even if my fixed expenses are only about 40% of my income.
A high level monthly expense breakdown of expense is:

Fixed income(tot) 57 750
Salary 52 000
Rental income 5750

Fixed expenses(tot) 20 050. Apartment Loan 4 300. Apartment levies & taxes 1800 Car payments 4 400 Insurance 1 700 Rent 6 000 Electricity 800 Other small exp 1 000

bad expenses(tot) 12 300 Sideline business 6 000 Mom 3 500 Brother 2 800

So that leaves me with 25 400 which all goes to food and entertainment (crazy, I know!)

I own an apartment which pays for itself with tenants (place is to far from my current job, hence I’m renting a place of similar value closer by)

Details about bad expenses: Mom: I support my mom (she works full time) by giving her extra every month to make ends meet. We don’t have a good relationship, so this is a grudge expense to keep her from contacting me for help. It’s not sustainable though, as inflation will catch up, and will start asking for more. Retirement is 10 years away for her. She won’t have enough saved up. Also I have a half brother who will finish school in about 8 years, not sure what’s his future holds without money to study etc. His deadbeat dad is out of the picture and cannot financially contribute

Brother: I cover my brother’s rent. We have a good relationship and he does his bit to keep his expenses to a minimum. He works for me in the sideline business and gets minimum wage although the work he does is worth way more than that. He used to be in a really bad space in his life and employing him in the sideline business has given him purpose in life. He has no formal qualification. Although extremely loyal, he needs a lot of coaching and if it were anyone else, I’d would have fired the person him for certain negligence.

Sideline business: A business partner and myself owns a little side line business. After 2 years, It’s not profit generating. We both pay 6000 per month to cover the deficit. I’d like to get rid of the business, but my brother works for us, and I’m not sure he’ll be able to hold a job. Apart from that, I will be liable for a 150 000 loan that will need to be settled if I close the Business. And potentially other expenses cancelling lease agreements, laying off staff etc.

What’s not on this list: I just got approval for a loan on a second apartment (1100 000) which I will rent out (there is a tax clause that offers me a tax break if I rent it out) this kicks in on September. Repayments will be 9000 and I expect to get between 7500 - 8000 in rent

I have credit card debt 2credit cards totalling about 90 000 I pay 12 000 - 15 000 (more than the minimum) back each month, but end up spending it all again. Reason for the 2 credit cards is each have different benefits I use. Interest rates are quite high in my country.

My aspirations: I want to buy a house in the next 2 years as primary residence long term. A fix upper as I love DIY. Place I stay is pretty nice but homes in the area go for about 3 000 000. I most probably would need to put down 1 000 000 for the Bank to approve such a big loan and repayments would then be 20 000 a month. I could most likely get a housemate to reduce the loan expense. But I need to prove to the bank that I can cover the bond myself. I get about 300 000 in bonuses after tax annually and hope to put this towards deposit

I want to eliminate the bad expenses. How do I put the money to better use to make my mom independent What’s better? Closing the sideline business, supporting my brother for awhile until he is independent? Or putting more cash and effort into the business?

I would like to investment small amounts for medium term. What are good reading material to learn what is best short/medium long term investments?

I go on holiday once a year and spend about 60 000. Ideally I’d like to save up during the year instead of maxing out my credit cards every time.

So how do I put my spare cash hard at work, what do I do to become more disciplined at saving?

My fear is I’ll wake up one day being 40, and still be financially illiterate, with lots of dreams and no way of making them come true.


I am a barback and I want to save 10,000 dollars and some more till January how do I set up a budgeting plan and how do I put it in excel? how do I set up goals and be able to afford other things as well? how do I put cash away as well to go out and have fun? on a side note how does moonlighting work and do I budget that differently?



We’re looking for some help on planning our next steps with my wife. We got married last year and accumulated a lot of debt (mostly from my end). I talked to my wife about living way under our means so we can accomplish our goals.

Our goals: We'd like to raise our credit scores (ASAP), get our debt down (ASAP), upgrade one vehicle for something more fuel efficient (6 to 12 months), and purchase a house (1 to 2 years).

A couple of questions:

What is the best plan of attack to do this?
Should we pay off her credit card first (since she is not attached to any of my credit) in order to raise credit score?
How much should we be saving for a first house purchase?
Does it seem realistic to accomplish all of the goals we listed above in the time frames listed.

Income: $6238/month after taxes

Savings: $1000

Monthly Expenses:

Rent - $1250 - Usual for our area (PDX)

Phones - $160 - Will go down to $100 once paid off in 2 months.

Utilities - ~$100

Internet - $50

Entertainment/Technology (HBO, Netflix, Adobe CC, etc.) - $70

Insurance - $220 - High due younger age and past speeding tickets

Food - $400

Gas - $300 - 2x 2004 Infiniti G35, fully paid off, will be upgrading soon

Debt: $12691

Who - Bank - Debt/Credit - Minimum Payment

Mine - Wells Fargo - 473/500 - $25

Mine - Wells Fargo - 2735/2800 - $65

Mine - Capital One - 1403/1500 - $48

Mine - Capital One - 1963/2000 - $66

Mine - Discover - 3255/3300 - $87

Mine - AmEx - 963/1000 - $35

Wife - Wells Fargo 1899/2000 - $74

Credit Scores:

Mine: 564

Wife: 651


I had collected around 45K in debt from age 22-28. I was offered a great opportunity to learn and make more money for 2 years in India. I recently cleared that debt and I expect to save around 60K before I come home. It could be more but I don't want to expect more and not save that much then be disappointed so I think 60K is a safe number to go with.

I currently put 10% into 401K but that is my only investment. I know that I will need a new vehicle when I return home. My net salary per month before I came here was around $3,500. If all continues to go well I expect my next job to be a great promotion with a big salary raise and possibly bonus..but I am not getting too high of hopes.

Now you have the backstory. My question is if you came home with 60K and zero debt, are you buying a house, or are you investing most of it and just renting somewhere?. My only preference is that from here on out, I maximize my money working for me and I own everything except house/car. I continue to go back and forth with which path I will take and I would be happy for some input.

In my head I look at the house situation first. The housing market is great but because of that I feel that I would be buying at a higher price than the house is worth. Then part of me is nervous the market would crash because it is doing so well. I think, "what if I put all that time and effort into it and not get much in return?" Everyone says buying a house is a good investment...BUT

What if I invested 50K into a stock that is certain to grow? Would that number be higher than the return on the house? It seems like a tough decision to make.

I have never been in this position before so I am eager to learn everything I can. In addition to advice, if you have any good reading you would recommend I would greatly appreciate it!


I'm diversifying my portfolio and I'm trying to stock up on valuable natural resources.

I want to buy:

  • gold/silver/diamonds (timeless valuable resource)

*salt (antiquity-era valuable resource & food preservation)

*cloth/fabric/silk (not sure about this one)

*lead/aluminum/steel (not sure about these)

*tires/car parts (???)

*wood (???)

I mainly want to have at least like... A bar or a pound of each of these. I already have 3 different types of crypto, and I have various savings. (401k, hidden cash, etc.)


Im planning on taking a job and moving to Seattle for 2 years (Im fron South America). The salary is around 90.000$. Dont care about eating out. Im going to order food regularly, not sure if that's expensive though. Rent is around 1500$.

Having these things into consideration: how much would I have left per month? Am I forgetting something for the budgeting? Can I ask for the 401k money, since im not gonna retire there?

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