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

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1500 questions
21
votes
2 answers

Starting with GnuCash. How to eliminate automatic entries ending up in the "unbalanced" account?

I just started using GnuCash and there is something I do not quite get how to get rid of (and whether I should try to get rid of). When I start importing transactions, I have expenses, income, etc. As this this as "double method" system, for…
Gabriel
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21
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7 answers

Buying shares when the price goes down 2% and selling shares when it goes up 2%

Suppose I have 50,000 in a tracker. Because it's an aggregate of the share index, it can obviously go up or down but what it certainly does is fluctuate up or down. What is the problem, if any, of selling when it goes up 2% and then buying back in…
Mike hall
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21
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2 answers

Using a Health Savings Account (HSA) as an investment vehicle: What are the drawbacks?

For next year, my company has started offering an HDHP with an HSA. With this, they will contribute $500 per year flat, and 50% matching up to $500 (where they will match $250; up to $750 total). I know that $250 is basically chump change, but I am…
user606723
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5 answers

History of marginal-rate taxation in the US

I recently came across an article that made me think about marginal tax rates in the US. Specifically, in the fourth paragraph there is the statement: He once asked me to explain to her that if she would cut her salary by almost a third, she would…
Anger Density
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21
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9 answers

What are credit cards, debit cards, and other types of cards?

This question right here and the plethora of comments in it reminded me of something that I've found annoying for a long, long time. Seems that depending on where you come from the terms "credit card" and "debit card" can mean many wildly different…
Vilx-
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21
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8 answers

Is it true that car insurance can go up if a member of your family gets a license?

I was told that because I live with a parent, if I were to get a drivers license, their insurance payments would be higher, even if I'm not actually on their insurance. Is that true? How would the insurance company even know I have a license anyway?…
David G
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21
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3 answers

Will I get in trouble for sharing my bank account information with a sugar daddy?

A sugar daddy messaged me on Instagram. I was having a hard time so I responded, and he said he would send me money and didn’t expect anything in return. He then he asked for my bank account info which I stupidly gave him, because I had no money in…
Penelope
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21
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6 answers

Is rent considered a debt?

I am taking a financial assessment. It asks me: What is your total monthly debt payment (e.g. student loans, vehicles, credit cards, personal loans, etc.)? Then the next questions are about household essentials and non-household essentials. But…
Jossie Calderon
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21
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6 answers

Do index funds really have double-digit percents annual return rates?

For the first time in my life I'm looking into where to put my money and I came across index funds. I find it very suspicious that: whatever index fund I come across, the history never goes back to before 2010. the return rates are super high. For…
UTF-8
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21
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6 answers

Should I pay off my 50K of student loans as quickly as possible, or steadily? Why?

I was an idiot in college. I basically just used student loans and got very few grants. I also spent way too much time in there. I now have two bachelor's degrees and a master's degree. About 7 years of my life wasted and about 50K dollars in…
SoftwareSavant
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21
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8 answers

Strategy to pay off revolving debt while building reserve savings fund?

We currently have about $16K cash. I'd like to have $30-35K+ for a ~6 month reserve. This will be a "single giant reserve fund" that will pay for large and/or unplanned expenses, frivolities like vacations, in addition to providing financial…
David Z
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21
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3 answers

Put my student loan in parents’ second mortgage - help?

I fear I did something stupid. I graduated in 2017 with a bunch of student debt that my parents held on my behalf (~$130k). One misunderstanding led to another and somehow we ended up refinancing the student loan with a mortgage on my parent’s…
smartButNotSavvy
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21
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11 answers

Is it bad etiquette to use a credit or debit card to pay for single figure amounts at the POS

This question might be subjective, but I would like to listen to opinions, if possible. Ever since I got mugged on campus, I only carry enough cash to pay for bus travel. All other payments are made using my debit card. Last evening, when I was…
f1StudentInUS
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21
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2 answers

Is this apparent Class Action settlement a spam message?

I got the following email: CLASS ACTION SETTLEMENT NOTICE LEGAL NOTICE BY ORDER OF THE SUPERIOR COURT OF CALIFORNIA FOR THE COUNTY OF SANTA CLARA Douglas v. DHI Group, Inc. et al.; Case No. 18-cv-331732 You are receiving this Notice because you…
Alexan
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21
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5 answers

How much should I fund an HSA? Is there a danger in over-funding one?

I'm reviewing my options for health insurance during open enrollment and one of them is a HDHP/HSA option. I hear these are best for young people without chronic conditions etc. I think I fall into this category, so I'm considering it. I'd…
jldugger
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