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

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1500 questions
38
votes
3 answers

How to prove that invoices are really unpaid?

When it comes to official business documentation (USA) between a company and a client who is either another company (B2B) or individual person (B2C), how can the company providing the invoices, prove that those invoices are really not yet…
Liam
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37
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4 answers

Deducting charitable donations under new U.S. tax law

I usually donate about $20k to charities every year, and I don't have many other deductions to claim. Given that the new tax law doubles the standard deduction to $24k, I effectively don't get tax benefits from my charitable donations anymore…
painter48179
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37
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8 answers

How much should you save for retirement in a country that automatically takes care of retirement savings?

I live in Denmark. Most people will automatically receive three sorts of retirement incomes. There's the state pension which is universal (you will receive 12.500 dollars pre-tax annually, which can be almost doubled if you satisfy requirements such…
Massum
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37
votes
2 answers

What does "gold reserves" on a gold mining company's balance sheet mean?

From a Reuters article: On Wednesday, [Newmont Mining Corp] reported gold reserves of 68.5 million ounces for 2017, unchanged from 2016, as it replaced reserves through exploration, projects, revisions and acquisitions. 68,500,000 ounces divided…
Ms Jackson
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37
votes
7 answers

What are the financial decisions leading to "barn find" automobiles?

Where I live there are laws against leaving vehicles to rot in one's backyard or dumping them in the forest, mostly to prevent soil pollution and the junkyard appearance. I understand different countries have different sensitivities towards…
Cape Code
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37
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15 answers

Why does risk level matter?

In a perfect market, the extra losses of a high risk portfolio should exactly match the difference in returns between that and a low risk portfolio. In other words, a sufficiently diversified portfolio will return the same, on average, independent…
Mike M
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37
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12 answers

How to do the maths on affordability?

I have a bad or no idea on how to budget. We are moving but I don't know If I can afford the rent as the family grows and I need my own study. How can a person measure how much to spend on food, car, bills or rent from his salary? Is there a formula…
localhost
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37
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3 answers

How do the rich and wealthy withdraw from accounts without leaving home?

I was at someone's house once and they made a phone call and had someone bring $50,000.00 cash to their home from one of their bank accounts. I think the person worked for the bank and wasn't a relative with their name on the account.
user1276423
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37
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6 answers

Should I pay an extra $100 every month on my mortgage or pay $1200 extra every year at the beginning of the year?

I can pay $1200 extra once a year or $100 every month - which is better? The first one does sound better, but for a 30 year mortgage, is it that significant? Say the mortgage is for $200,000. Thanks.
Anonyms
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37
votes
3 answers

Home inspection for home owners insurance revealed damage my inspection and my lender's appraiser did not see

I recently bought a house in Iowa. I hired a company to inspect the home, they found a few minor things but nothing major. My lender had an appraisal and they didn't note anything either. I purchased home owners insurance with a large insurance…
ajb32x
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37
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8 answers

Should I pay more towards my mortgage?

I have worked for the past 5 years to get out of debt, pay my bills, and own a home. I'm glad to say that all my debts are paid off, my bills are paid every month, and my mortgage is cut by 10 years time, since I pay a little extra toward it. I have…
Canadian Luke
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37
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10 answers

Should a high-school student invest their (relative meager) savings?

I am a high school student, I don't really have much money, between one and two grand in my savings account. However, I have friends who are investing in both penny stocks and stocks. I do not really know much about the subject, but I do find it…
Pablo
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37
votes
9 answers

Purpose of having good credit when you are well-off?

I notice people talk about credit scores for many things, but typically they are: Helping tools for mortgages; Ability to get better loans; Ability to get better financing options. The general reasons that apply to anyone (i.e., borrow money, get…
user50524
37
votes
3 answers

Taxes when transferring money

I'm a US taxpayer (non-resident alien) and I'm being pushed by a friend to do the following: He will transfer 40k from a US bank account that he owns to my personal account. I will withdraw this amount and hand it back to him in cash. He will take…
jlhonora
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37
votes
9 answers

Getting $10,000 and have $16,000 balance on two credit cards - How to allocate payments?

I'm getting a chunk of money - $10,000. I have 2 credit cards, each with $8,000 on them. Both have the same interest rate. Should I put $5,000 toward each of them? This way, would my monthly bills go down and make it easier to see the light at…
jenna
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