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1500 questions
57
votes
13 answers
Should a sibling pay rent to another sibling on a jointly owned house?
My sister and I own our parents' home. In July 2000, our mother became unable to live on her own. My sister and her husband didn't want to move in because the house was too small and too old. They most certainly didn't want to care for our…
Brenda L Godwin
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57
votes
8 answers
Received a package but didn't order it
My boyfriend's little brother received 2 packages today. One from Eastbay and the other from Office Depot. They were addressed to him but never ordered by him.
We called both companies and they gave us the last 4 of the card number used (both…
EBoardman
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57
votes
7 answers
Should I use a zero-interest credit card for a large one-time purchase?
An upcoming purchase (nearing $10,000, in the US) would drain savings more than I'd be comfortable with, and I'm wondering if using a zero-interest card to effectively spread out that purchase for 15-20 months would be sensible.
This is for a…
StayOnTarget
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57
votes
8 answers
Can I become debt free or should I file for bankruptcy? How do I manage my debt and finances?
I am 35 years old, single, and live in the US. My income is 78K to 80K after taxes and insurance.
I pay $1,500 for rent+utilities, $150 for phone bill, $450 for auto loan, $300 for auto insurance (for two people; I am helping a friend who can't pay…
The Guest
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57
votes
10 answers
When is it better to move - before or after a housing bubble bursts?
My husband and I currently own our home and are looking at upgrading to a bigger house in the next year or two. The housing market right now in our area (US East Coast city) is doing really well, and our home is valued much higher than it was when…
David K
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56
votes
7 answers
How big of a mortgage can I realistically afford?
I'm 25, and I'm in the process of closing on a $260,000 mortgage for a very nice condo in downtown Salt Lake City. My salary is $80,000 right now, which I feel is pretty solid, but I'm starting to get cold feet as I am a first-time homeowner and the…
Charlie
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56
votes
10 answers
Why do I need an emergency fund if I already have investments?
A lot of financial advisers say you should have an emergency fund, in addition to whatever else you're doing. I don't really see the benefit, but let me be more specific.
I definitely see that it's good to "have money available" so that you don't…
Stephen
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56
votes
4 answers
When a stock price rises, does the company get more money?
When a stock price rises, does the company get more money?
user454
56
votes
8 answers
I won $9500 in a game. Now they're asking me to send it back via different means, promising me more money if I do so
I played a guessing type game. I won and ended up giving them all this info. I got $9500 in my account but now they are asking me to send it back through different means.
They say it's to prove to the company that they can trust me and that I will…
Kayla Davidson
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56
votes
20 answers
Are there any financial disadvantages to living significantly "below your means"?
By living "below" your means I'm asking about spending significantly less than you could, rather than living "within" your means which of course is sensible if you are able to do it!
So for example:
Buying a house that's much smaller / in a worse…
seventyeightist
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56
votes
7 answers
Looking after a wayward brother in mother's will
My brother has a problem with money; twice personally bankrupt, 3 marriages and 2 kids (from the 2nd marriage).
Our mother is getting old and getting worried. She worries that if she wills him money, he will spend it and nothing will be left for…
bendecko
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55
votes
8 answers
Gigantic point amount on rewards card - what are potential consequences?
Recently, I asked with an online form for some receipts to get added to my rewards card (because I forgot the card when paying).
However, they accidentally added more than a thousand times the amount that should have been added. As a result, I could…
Aganju
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55
votes
17 answers
Why would anyone want to pay off their debts in a way other than "highest interest" first?
Looking at the math, it is clear to many people that, given a number of debts at different interest rates, if you are trying to eliminate your debt, you will pay less interest overall if you pay off the highest interest rate debt first and work your…
Ben Miller
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55
votes
12 answers
Is insurance worth it if you can afford to replace the item? If not, when is it?
I am talking here exclusively about insurance for items (not for health or other type of insurance where lives and liability are at risk).
Let's say I have a 1-year old Macbook (costs $2000+tax new) and the warranty is about to expire. Apple gives…
Daniel Benedykt
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55
votes
7 answers
What is the best asset allocation for a retirement portfolio, and why?
Based on financial conversations I've had with trusted family members, I believe that asset allocation is one of the more critical things to "get right" during retirement savings.
Based on an aggressive investing portfolio and timeline, where can I…
CrimsonX
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