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

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1500 questions
96
votes
5 answers

How do scammers retract money, while you can’t?

I see a lot of question about scams with the same premises: Someone puts money in your account. You send money somewhere. They take their money back, while you lost your money. I don't know a whole lot about banking and money transfers, but it…
darnok
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96
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6 answers

Why do credit cards have their number and CVC code printed on them for all to see?

Ever since online commerce became a reality, it was sufficient to know the credit card number, expiration date and CVC code to purchase anything online. Things are slowly changing as MFA is getting adopted by more and more banks around the world,…
JonathanReez
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95
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15 answers

Spouse wants to pay all debt in a month but I don’t. Is this a good idea?

Between both of our student loans and car loan, we are in the hole about $48,000. My spouse is adamant about paying off all debt in the next month or two since we currently have about $55,000 in the bank. The issue is that I don’t see why we need to…
jo13
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95
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14 answers

Can saving/investing 15% of your income starting age 25, likely make you a millionaire?

I came across this article. It states, The plan calls for young people to put 15 percent of their salary into a savings account — whether it be an IRA, 401(k) or taxable account — starting at 25 years old, he wrote for Business Insider. By…
user4884
95
votes
16 answers

how do you value what your leisure time is worth?

Time and money are finite resources. They're reasonably easy to convert from one to the other. Some people value one more than the other. Some circumstances may warrant valuing one more than the other. However, taking this into account, how do you…
Joe.E
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95
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1 answer

Found old paper shares of Motorola Inc that has since been broken up

I found 36 physical shares of motorola inc from 1999. I know that since then the company has split up into a lot of subsidiaries/mergers. Is there any to sell this physical stock or is it worthless? if not worthless, do you have any idea what the…
thelegend27
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94
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9 answers

When someone's ability to pay is suspect, why would it make sense to give them more expensive credit?

Answers to the recent question "Why don't bond makers just get loans?" Seem to take it as a given that lending someone money at a 12% interest makes sense when there is already doubt about their ability to pay back the same loan at a 5%…
HAEM
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94
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12 answers

Where can I park my rainy-day / emergency fund? Savings accounts don't generate much interest

Savings accounts don't seem to generate much interest. What other options do I have for my emergency fund?
S. Chang
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94
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8 answers

How to deal with the credit card debt from family member that has passed away?

My father recently passed away and had some considerable amount of debt on his credit cards. House and credit card were in the deceased’s name only. The state that is happening in is New Jersey. In terms of monetary assets, he doesn't have any.…
user
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93
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12 answers

Is there any way to buy a new car directly from Toyota without going through a dealership?

I'm so tired of haggling with the dealers at a local Toyota dealership. They are not only pressing, but also aggressive, condescending and mean. I want to cut the middleman. I know exactly what I want. Is there any way I could order a car directly…
Emily
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93
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5 answers

Why do Nigerian email scammers openly say they are from Nigeria?

I know that a significant part of Nigerian scammers are indeed working from Nigeria. A scam starts with exchanging messages. Physical contact is not to be expected. It is widely known that scammer often say they are from Nigeria, so often so that…
Volker Siegel
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92
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19 answers

Are my parents ripping me off with this deal that doesn't allow me to build my equity in my home?

When I bought my condo with cash for $155k, I paid $40k of my own money and my parents lent me $115k. Our agreement was that when I eventually sold the condo, my parents would get 75% of the gross sales proceeds. I pay my parents $500 every month…
ksjdalskndosd
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92
votes
11 answers

15 year mortgage vs 30 year paid off in 15

I've found similar questions, but they all seem to focus on a preexisting 30 year mortgage and whether or not it makes sense to refinance to a 15. My question is a bit different. I have not yet bought a house but I am trying to decide which…
user24676
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91
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16 answers

How do people know if there are sufficient funds available when accepting payment by check?

I don't know a lot about paper checks because I have never seen one, and I don't live in America. Suppose person A gives person B a check for $100,000 in payment for something in a shop. How can B be sure that A has enough money in the bank account…
Artem
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90
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18 answers

By 18 years of age, I want a brand new car that's $43,668

I'm from Arizona and I will be 18 in 4 months. I make about $1,200 a month from my job. I have $600 in my bank account and I don't plan to spend any of it until I'm 18. I'm looking to get a brand new Jeep Wrangler Rubicon that costs about …
icedmoca
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