Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

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1500 questions
53
votes
3 answers

Are all current world currencies 'decimal'?

Historically, non-decimal monetary systems were common. E.g. pound / shilling. Every currency I can think of or have ever used is 'decimal' (where a higher/lower unit of currency is either a multiple or factor of 10). Are all currencies used by…
stevec
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5 answers

Withdrew £2800, but only £2000 shows as withdrawn on online banking; what are my obligations?

I just withdrew £2800 from the bank. Looking at my online banking, there is only a withdrawal of £2000 listed. The form I signed said the amount I asked for, and the teller weighed the cash out on the scales to show the true amount, so my best guess…
Jaloopa
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52
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4 answers

On paper I have 1 share in my company. How can I sell a smaller percentage of my company to another party?

To be specific, my wife and are equal partners in our limited company. On paper it says we have one share each. We now want to sell 10% of our company to a third party. How does that work in terms of the existing share status?
Mike
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52
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2 answers

When is employer 401(k) match not worth it?

I have always read to take full advantage of your employer 401(k) match. But what if the match is lower than most? My employer will match 10% of my contributions, up to the legal contribution limit. I understand that an immediate 10% return on my…
Wesley Marshall
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10 answers

Are you preparing for a possible dollar (USD) collapse? (How?)

After the last crisis it was easy for many to look back and say all the signs were there to indicate an impending crisis. Super-low interest rates from the FED, no down-payment loans, interest-only loans, under qualified borrowers, flipping of…
Muro
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52
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4 answers

Recent graduate with new job: Choose Roth 401(k), or traditional 401(k)?

I just graduated, and I'm starting a new job soon. My employer has pretty good policy for matching 401(k) contributions, so I want to invest as much as possible, especially during this first year. My question is: should I invest in a traditional…
Jay
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52
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4 answers

Scam caller asked for last 4 digits of card. Fake number doesn't fool him, does he have my full number?

I just got off a very obvious scam call where the scammer was offering to "lower" my interest rate. I played along to try to waste some of their time. I gave a fake expiration date and a fake last 4 digits of the card. He put me on a short hold and…
stormdrain
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52
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9 answers

When buying a property, is your agent's incentive contrary to yours?

My understanding is that buyers agents are typically paid half the overall commission of a property sale, which itself is some percentage of the sale price. That means that as the sale price goes up, so does the commission the seller's agent. This…
Alexander
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52
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5 answers

How can I deal with what I think is an eBay scam?

I've recently tried to sell an electronic item on eBay. I listed it is for sale in Europe. A buyer with a US address on his invoice and based in Africa seems to have somehow bought it. He then sent me an invoice looking for a price. When I asked him…
AidanO
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52
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6 answers

Determining fair price for profitable mobile app business

I have been developing iOS apps for a few years now. They do pretty well, and yesterday I was approached with an offer to buy one of them. The offer was for $40,000 dollars for an app that generates roughly $650 a month in income. The app has been…
Ross Sullivan
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52
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8 answers

Aging parents with no investments

My aging parents (75/77years) own a house on 35+ acres (14+ hectares) in rural NE USA (no mortgage). They have: No investments (other than the obvious property) Savings of maybe $30k in a bank account paying minimal interest No income other than…
moscafj
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52
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6 answers

Life insurance that covers only simultaneous/dual deaths

This is probably a stupid idea ... My wife and I both make decent salaries. We believe that either of us could raise our child on a single income if the other passed away. If both of us passed away, our current assets would not provide for our…
StrongBad
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52
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12 answers

Invest $50,000 in cash or borrow $100,000 and get a mortgage?

I have $50,000 saved and I'm paying $760 on rent right now. All my relatives are telling me to get a mortgage so I don't "throw money away on rent", but I just don't like the idea of getting in debt and not being able to move any time soon. I'm 28…
Nikolay Dyankov
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52
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5 answers

Handling waitress unclaimed pay from three years ago

Each week our boss gives us payslips with our hours worked and we can cash them right at the place of work. Pretty simple. You get a receipt for your hours worked for the week and a slip to turn into the cash register for payment. If a worker needs…
Diana
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52
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11 answers

Why auto-renew instead of canceling the subscription after free-trial?

Almost all companies give you a 7/14/30 day free trial to try their service (eg: Netflix, Spotify). Some people forget to cancel the subscription and after the free trial expires, these companies begin charging instead of asking if you would…
Yami Odymel
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