Personal Finance

Intro...

48 years old, currently have no investments. My net worth is my car and the clothes on my back, and I don’t ever want to be in this situation again....

There's a lot of talk about inflation and its causes. Is it corporate greed? Supply chain issues? One clear base cause of inflation less talked about is having an inflationary currency supply. Any other inflation caused by supply chain issues, corporate greed, lack of market competition, etc is just added on top of that. Fiat...

Hello everyone,...

General financials:...

I’ve had a few people in my life tell me that they lost X % of their 401k during the (insert financial crisis)....

I was never a fan of the subscriptions model (I have never had a Spotify, Netflix, or any other similar services)....

I’m almost 40 and according to the wisdom found everywhere on the internet, I don’t have enough saved for retirement. Which worries me because I’ve been saving for as long as I’ve had a proper job with access to a retirement vehicle. But also because the internet wisdom doesn’t make sense or sound feasible....

cross-posted from: lemmy.ca/post/3527160...

Hello everyone,...

cross-posted from: lemmy.world/post/3560407...

Intro...

My family uses credit cards for all purchases and we pay them off in full each month. Although sometimes we’ll use a 0% APR promotion for bigger purchases....

Newliyish married, but the new reality is partner finished law school so going back to the DINK lifestyle. We live in NYC and are lucky to be in a rent regulated apartment. On one hand we realize it’s cheaper to stay there forever, but it’s not the most well maintained building the the amenities aren’t the best… Anyways,...

After years of Mint I’ve decided to look for other options. Im considering doing it myself in a spreadsheet but before I go that route (not ideal) I thought I’d see if anyone had recommendations on good basic family-budget apps. Would be great if it could link with bank accounts but I’m open to anything at this point.

I have been contributing to a HSA the last couple years, and it’s been fine. My work contributes $1800 over the year and it hasn’t really been a problem at all....

As the title says I am trying to see where people stand on this. Obviously this is all personal preference. But that is what I am after....

I know this might just reflect financial culture differences across countries, but let’s give it a try...

Sorry for long title:...

In this post, I’ll provide a lot of basic information about investing, with links to additional reading for various concepts. Most of these concepts are not US-centric, though I will be mentioning US-specific details, such as tax-advantaged account types....

I recently started giving plain text accounting a go. For a long time I did not do any accounting, as my income was high enough to get by perfectly fine, but recently I wanted to get a lot more control over my personal finance in order to easier achieve more long term financial goals....

I always see advice about which software to use and there’s always the advice that FreeTaxUSA is the best bang for your buck and does everything you need for when your taxes are “simple.” I’ve used and thought it was great for years. But as my career has grown and no longer filed as a single I’ve begun to question when...

Trying to get to know the community a bit more....

I’ve read that if you have the money up front, investing it as a lump sum on January 1st will produce higher returns more often that investing on a monthly/weekly basis. Is there more to consider in 2024 with our current high interest rates?

Where all my cash hoarders at and where do you park your savings?...