• I am 23 years old and struggling financially to get my head above water. What should I do?

    I’ve been on my own since I was 18. Balancing school, work, and bills. I thought I had it all figured out. I had a good job and was making good money. I was making so much money and my credit was great. I was able to finance my first car on my own with no assistance. But I kept getting new cars (this is my 4th... show more
    I’ve been on my own since I was 18. Balancing school, work, and bills. I thought I had it all figured out. I had a good job and was making good money. I was making so much money and my credit was great. I was able to finance my first car on my own with no assistance. But I kept getting new cars (this is my 4th car) so my car note went from $200 to $384 to $550 to currently $800! (Very stupid and impulsive) I was doing ok until about a year ago when I got a new job. The salary seemed like it was going to be more than what I was making previously until I found out they take almost $400 a month out for state retirement (no exceptions). So I got a second job as a waitress which helps me and when I’m not doing that, I do freelance graphic design. Its gotten so bad that I’ve stopped paying loans and credit cards. I even tried debt consolidation which was $400 a month that I could no longer afford. At this point my credit is ruined! Plus I just graduated college last semester so I have to start paying my student loans. I don’t get any financial assistance from my family whatsoever(they are barely making it themselves) so I can’t move back home. I am literally my only support. I’ve even considered bankruptcy. I spoke with a lawyer and he wanted $1200 (which I clearly don’t have) and I’m only 23, bankruptcy would make it even harder for me to move and get approved for an apartment What should I do at this point? I just feel stuck and stressed out!
    46 answers · 4 days ago
  • Which car do you have?

    29 answers · 3 days ago
  • Should I give a lump sum payment toward my student debt?

    Best answer: You are thinking it through correctly. Paying down debts is the right thing to do but only in safety. You are debating how much you need to be safe. That's the correct approach. You are also taking future large expenses into account.That's also correct. Avoid going into new debt while you are paying off... show more
    Best answer: You are thinking it through correctly.

    Paying down debts is the right thing to do but only in safety. You are debating how much you need to be safe. That's the correct approach.

    You are also taking future large expenses into account.That's also correct. Avoid going into new debt while you are paying off old debt.

    First figure out the size of your emergency fund. You think it should be $3-4K. That much makes sense.

    Next get that car. used of course. As reliable as possible knowing whatever you know about cars.

    Once you have the car use the rest to pay down one loan. Which one hardly even matters since you are doing accelerated payments.
    20 answers · 4 days ago
  • I'm 15 and Im sick of everyone thinking money is the key to happiness. Seems like we waste our life away earning money and not enjoying it.?

    Best answer: Money is the key to DRUGZ!

    If you have lots of drugs you can have lots of sex and fun.
    Best answer: Money is the key to DRUGZ!

    If you have lots of drugs you can have lots of sex and fun.
    22 answers · 3 days ago
  • Do you need a bank account to have a job?

    Best answer: When I was 16 and had my work permit, I simply went to a local bank and was able to open both a savings account and a student checking account without my parents being involved. In general it helps to have a job already. Make some phone calls to local banks and credit unions and find out what their policy is-it... show more
    Best answer: When I was 16 and had my work permit, I simply went to a local bank and was able to open both a savings account and a student checking account without my parents being involved. In general it helps to have a job already. Make some phone calls to local banks and credit unions and find out what their policy is-it varies from one place to another.

    Sad that your parents are so ignorant that they don't want you to start learning how to handle money. Some companies require direct deposit of paychecks but in some states it's illegal. Find a job first and then a bank or credit union will be more willing to open accounts for you.
    9 answers · 21 hours ago
  • How do I get a new car from insurance?

    Best answer: Insurance companies are in the business of "insuring" cars. They do not buy and sell cars. That is what car dealerships do. Drive your car to your dealership of choice. When you choose a new car, you can turn in the old one to them. They will apply the value to your new car, or you can sell it... show more
    Best answer: Insurance companies are in the business of "insuring" cars. They do not buy and sell cars. That is what car dealerships do. Drive your car to your dealership of choice. When you choose a new car, you can turn in the old one to them. They will apply the value to your new car, or you can sell it privately. I recommend the former since repairs seems to be an ongoing issue. You could find yourself in legal trouble with the buyer. To protect yourself, hand over all of the repair bills so they can see what has been done. You have to sell it honestly.
    27 answers · 4 days ago
  • Can somebody ask for help on gofundme for themselves?

    Best answer: If you live in the US, look into USDA Rural Housing Development. It's a program for low income first time home buyers. We bought our house (3 bedroom, 1 1/2 bath, 1250 sf brick house) through that program. We didn't have to have a down payment and the closing costs were rolled into the mortgage. The... show more
    Best answer: If you live in the US, look into USDA Rural Housing Development. It's a program for low income first time home buyers. We bought our house (3 bedroom, 1 1/2 bath, 1250 sf brick house) through that program. We didn't have to have a down payment and the closing costs were rolled into the mortgage. The mortgage payments were based on our income.
    The downside: When your income goes up, your mortgage goes up and every so often you have to submit paperwork, listing all your assets. When you are no longer low income, you will be required to refinance and get a regular mortgage.
    8 answers · 1 day ago
  • What happens if you negative your bank account and cant afford the fee?

    What happens if you accidentally over withdraw ur account and you tell ur bank you wont be able to afford the fee? They cant necessarily put me in jail for money rip off, cause I have a disability
    What happens if you accidentally over withdraw ur account and you tell ur bank you wont be able to afford the fee? They cant necessarily put me in jail for money rip off, cause I have a disability
    6 answers · 8 hours ago
  • Why is my bank asking for references?

    *Please read all to avoid irrelevant answers* I'm curious as to if this is normal when asking to have a higher credit card limit. I simply said that I'd like to double it to around 8k-10k. They are having me fill out applications, getting all sorts of info, references asking for employer supervisors etc.... show more
    *Please read all to avoid irrelevant answers* I'm curious as to if this is normal when asking to have a higher credit card limit. I simply said that I'd like to double it to around 8k-10k. They are having me fill out applications, getting all sorts of info, references asking for employer supervisors etc. But here is the thing, I have excellent credit (well over 700), I've taken out SEVERAL loans (all different types, personal, title, etc) paid them all off on time and some early. They even financed me for a 15k vehicle loan. All this on top of already having the credit card to begin with (and it's one of their top of the line cards, too). So, why is it necessary to go through all these hoops as if I have absolutely zero credit just to simply raise my card limit slightly? To be honest, I find it a bit insulting and a total waste of time. Isn't this initially what credit scores are for?
    21 answers · 4 days ago
  • Opened a new bank account?

    Best answer: A lot of banks these days are giving people cash bonuses to open an account. The easiest way would be to call the bank, they will be able to tell you for sure. We can only guess.
    Best answer: A lot of banks these days are giving people cash bonuses to open an account. The easiest way would be to call the bank, they will be able to tell you for sure. We can only guess.
    9 answers · 2 days ago
  • Should I try to get a loan from a credit union for this reason?

    Best answer: If you don't want to borrow money, then offer to pay your friends a little each month. That will show good faith and still won't get you into debt.
    Best answer: If you don't want to borrow money, then offer to pay your friends a little each month. That will show good faith and still won't get you into debt.
    10 answers · 2 days ago
  • How do I draw on my dad's bank account?

    Best answer: Just have him wire the money by Western Union. It is quick, easy and less expensive. As long as you can present Id you can pick it up at any WU branch then deposit it into your account. I do this for someone in Colombia and it only costs $8 US and takes 5 minutes to do online or in person. The money is available in... show more
    Best answer: Just have him wire the money by Western Union. It is quick, easy and less expensive. As long as you can present Id you can pick it up at any WU branch then deposit it into your account. I do this for someone in Colombia and it only costs $8 US and takes 5 minutes to do online or in person. The money is available in minutes at the receiving end.
    6 answers · 16 hours ago
  • Does it make sense for a person to start a Roth IRA if he is 53 years old and only makes 20,000 a year?

    Is he even going to be able to put in enough money to be able to grow it enough for his retirement?
    Is he even going to be able to put in enough money to be able to grow it enough for his retirement?
    10 answers · 3 days ago
  • I feel like it might be easy for someone to save money if they don't have much of a life. Is that true or not really?

    For example, if pretty much all someone does is go to work, never gets married, never has kids, never spends a lot on entertainment purposes, etc...
    For example, if pretty much all someone does is go to work, never gets married, never has kids, never spends a lot on entertainment purposes, etc...
    9 answers · 3 days ago
  • My friend has my social security number and I don t really trust him. What can he do to me and what are my countermeasures?

    Best answer: Your friend can use your Social Security number by opening bank accounts, applying for credit cards, etc.

    What you can do is to get another Social Security number by contacting the Social Security Administration.
    Best answer: Your friend can use your Social Security number by opening bank accounts, applying for credit cards, etc.

    What you can do is to get another Social Security number by contacting the Social Security Administration.
    5 answers · 9 hours ago