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

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1500 questions
30
votes
5 answers

Paying for a flat renovation to reduce rent payments in the future

A friend of mine owns an old house which requires renovation. They proposed me to pay for the renovation, and in exchange, I could live in the house and pay a smaller rent (or perhaps no rent for a few years). This would be legally enforced with a…
user109730
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2 answers

Insuring body parts

In the past few months I have injured my hands 4 times since I started playing basketball. One break was particularly bad and I wasn't able to use that hand for programming. This slowed down my work during the period that I was healing. I also get…
Jerome
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30
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2 answers

What percentage of my budget should the mortgage be?

What percentage of my budget should the mortgage be?
z-boss
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30
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6 answers

Is a Roth IRA good for a high schooler?

I am a high-school Senior who will not earn enough income working this summer to have to pay income taxes. I have a full ride to college, so I was thinking of using my earnings/savings for retirement. Does putting my earnings in a Roth IRA mean that…
maxbear123
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5 answers

Can I buy a timeshare off ebay for $1 then deed it back to the timeshare company and go on a vacation for $1

Several timeshares are listed for $1 on eBay. Some companies offer a deed-back program, which lets owners who have paid off their timeshare simply return the time-share to the timeshare company. Is it possible to buy one of the $1 timeshares, go on…
sevensevens
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30
votes
6 answers

Paid a scammer money via PayPal. What can I do?

I’ve never had a sugar daddy before but my friend recently created an account on SeekingArrangement and met a very trustworthy guy on there and told me to try it out. And I did. We talked for a few weeks and I felt I trusted him. We would send…
Rose
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30
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14 answers

What prevents people from using cash back credit cards to generate a revenue stream?

Suppose that a consumer has access to a credit card having the following properties: The credit card agreement includes a "cash back" rewards program. The consumer receives 1% cash back with every purchase. Additionally, the credit card company…
Michael Butler
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30
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7 answers

Tax consequences of paying "rent" to romantic partner that owns the house

I moved in with my romantic partner nine months ago. My partner owns 100% of the property and pay about $1000 per month to the mortgage (minimum is something like $300). Partner had no intention of renting any part of the property out, but we both…
Klaycon
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votes
4 answers

Tips on making a best and final offer

Me and one other buyer have been asked to make our best and final offers on a house after us both making initial offers. I believe I am in a good position as stated here and I will reiterate this to the estate agent when I make my offer. I have read…
Jsk
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30
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4 answers

Did I discover an easy way to make money via PayPal and cashback credit card? If so, is it legal and is the money taxable?

Here it is: I send money to a family member via PayPal using my credit card, PayPal charges a fee but the cash back I get from the PayPal transaction exceeds the PayPal fee, my family member sends me the money back for free. My concern is that my…
user99899
30
votes
2 answers

Is being asked to pay for business supplies via Bitcoin an employment scam?

I applied online for a job, but my profile does not involve my qualifications, only my age and my name. The next day an email was sent to me by a company based in Florida. I was hesitant at first to accept the employment, but due to the crisis…
clefnote
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30
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4 answers

Possible customer wants me to handle payment to another contractor. Is this a scam or not?

I'm going to do some possible contract work in my field and I've had an offer for some work I found through a reputable venue. However, that venue doesn't handle payments or anything like that. I seem to have negotiated some work, and the person…
user
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30
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6 answers

What happens when a share price reaches £0 in the UK?

With all the coronavirus panic, I was wondering what would happen when the share price reaches £0 for a company, but the actual company itself or their business niche is not that much affected, i.e. the company is still operating and it's far from…
MMT
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30
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6 answers

Is putting money in a 401(k) plan risky?

I've been working for a company that offers me a MassMutual 401(k) plan as a benefit. The employer's match is 50% of my contribution. I've contributed 3% of my gross salary to the plan, and planning to increase it. All the money in my plan is…
domino
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30
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9 answers

How can a resident of the European Union (not from UK) practically buy stocks?

I'd like to buy a little amount (say, 5000 €) of stocks. I know it's risky, especially for an absolute beginner like me. Maybe you would like to persuade me to start with stuff such as such as mutual funds or ETF (btw, thanks for dissuading me from…
DeltaIV
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