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

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1500 questions
33
votes
8 answers

Why do personal finance apps focus on outgoings rather than income

I am looking at using a money management app, rather than just my own Excel spreadsheet, for my personal finances. The way I've always thought about my money is "I have a fixed amount of income which I can't exceed, so I need to look at my outgoings…
simonalexander2005
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5 answers

Is it appropriate for a prospective landlord to ask me for my credit report?

Context I'm looking at renting a house. The application the realtor sent me specifies: Below is what is needed to submit an application on [Address] and a few lines below specifies: Credit Report (CreditKarma.com or comparable is fine) I…
KareemElashmawy
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33
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12 answers

how to justify the higher price of luxury cars in comparison to their counterpart and when test driving these vehicle what specifically to look for

After reading Who can truly afford luxury cars? and also from my own need to buy a car and past history of always driving Honda/Toyota/Nissan but not their luxury brand Acura/Lexus/Infiniti. When I looked at these cars, I could not justify the…
riya
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33
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8 answers

Mortgage adviser recommends a longer term than necessary combined with overpayments

My wife and I are currently househunting and have, as part of this process, had a preliminary meeting with a mortgage adviser. They asked all the expected questions about finances to see what our monthly payments would be and how much we can…
Richiban
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33
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5 answers

ESPP--any reason not to go all in?

I'm just finishing up paying off my student loans (woohoo!) and am starting to look at places I can put my money to make it work for me. I've read Kobliner's Get a Financial Life and am interested in starting with ETF's, but I have a slight…
scohe001
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33
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4 answers

I've been scammed, but have the scammer's bank information

I was scammed by a person who 'rented' us a home that was listed for sale that he didn't own. There were a lot of red flags along the way, and I noticed them, but didn't act as we were desperate to find a home. He gave me account and routing…
SomePerson
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32
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7 answers

Bought stock at higher price than current price

I wanted to buy stock ABCD at a price of 880. The current price was 900. When I bought, I set 980 instead of 880 and it was fully executed. I don't understand how it is possible to buy stock at a higher price than current price? Now let's say I own…
sonu agrawal
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32
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6 answers

Transferring balances left over prepaid credit cards

How can one transfer small balances, leftovers, on prepaid credit cards? I actually have 6 or 7 prepaid Visa or Mastercard cards left with balances between $1 and $4. I would like to get rid of them. I do not want to throw them away. Is there a way…
Armando
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32
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8 answers

Math Behind Buying a House

Is following calculation correct? I spend $1500/month on average on rent. If I rent for the next 3 years, I would be spending $54,000. I can buy a house for $220,000 today and spend the same amount on the mortgage. In 3 years, if the market gets…
picmate
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32
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4 answers

When should I start an LLC for my side work?

I am doing quite a bit of sidework this year and wondering at what point would it be a good idea to "start a business" and bill through that.
Jeff Martin
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32
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9 answers

Can I buy a new house before selling my current house?

I am looking to sell and buy a house. But with the current market being as crazy as it is (houses are selling fast for sometimes 150,000 over asking), I'm afraid if we sell first, we could be stuck without a new house. Or stuck settling on or…
Hlick
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32
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1 answer

Do I have to withhold money when buying real estate from a foreigner?

I have recently purchased a house in the U.S. for ~$375,000 (and I'm a U.S. citizen). It was disclosed to me about a week before closing that the sellers were from China. Aside from a few headaches, the sale went through and I've now owned the house…
concerned
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4 answers

Should my husband's business pay my business?

My husband and I are each starting our own private enterprises--me as a web developer. I'm building a website for his company. Is it worth it for me to "charge" him? At the end of the day the money basically belongs to both of us, but I'm…
thumbtackthief
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32
votes
4 answers

I claim one and my wife claimed zero on our W-4s, but we still owe...why?

I'm getting a head start on this year's income taxes for my wife and I. I have my W-2 already and I have her last paystub for the year. I claimed one exemption on my W-4, and according to her paystub, she claimed zero. We do our taxes married filing…
user52206
32
votes
5 answers

What is the median retirement savings in the United States today?

http://www.cnbc.com/2016/09/12/heres-how-much-the-average-american-family-has-saved-for-retirement.html The median for all families in the U.S. is just $5,000, and the median for families with some savings is $60,000. I find this very hard to…
curious
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