Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

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1500 questions
46
votes
7 answers

In general, is it financially better to buy or to rent a house?

I know this differs from country to country, from person to person (depending on how much you already have saved), but I'm curious about the simplest example. Let's say I have little to no money. I can: Get a loan and buy a house, or I can…
Dan
46
votes
11 answers

Is inflation a good or bad thing? Why do governments want some inflation?

Is inflation a good or bad thing? Why do governments want some inflation?
user454
46
votes
2 answers

How do exchanges match limit orders?

Say a security has been trading at under $20.10, and there are limit orders selling at $20.10 and $20.21. Then Simon issues a limit order to buy at $20.21. According to this explanation, Simon would end up buying shares at $20.10. Why does the…
xyz
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4 answers

Is Elon Musk really exploiting a loophole to avoid taxes?

I've been loosely keeping up with some of the news about Elon Musk selling TSLA shares to pay for an upcoming tax bill (for exercising options from 2012). There is a lot of discussion surrounding this news, much of which is political (regarding…
orangeneutron
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46
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9 answers

Am I a billionaire if a friend gives me $1000 for 0.0001% of my "company"?

If my friend gives me a thousand dollars for 0.0001% of my "company", am I technically a Billionaire now?
Aditya_math
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46
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3 answers

Why does demand for stock rise when a company appears to have high future value?

So a company decides to raise money by selling shares of its stock. The stock is offered at an initial price of their determination. The stock is then traded in a market where forces of supply and demand, as well as speculation, affect its…
G-Wiz
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46
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4 answers

Are ads on YouTube asking donations for sick children via drove.com a scam?

The past few weeks YouTube has been showing me advertising asking to make donations to help pay medical bills for sick children via a crowdfunding site called Drove. However, the ads look very suspicious. In one example, a child called Tovi in a…
guest
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46
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4 answers

To what extent is it worthwhile to report check fraud / refund scams?

I listed a car for sale on behalf of a 90 year old, and attracted scammers. One has now sent me a "check" for $4000, for a $1500 car purchase. I'm supposed to deposit the check, then pay the tow truck driver in gift cards. Yeah, right. The check's…
Bryce
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46
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11 answers

Should I take out a personal loan to pay off credit card debt?

My spouse and I have about 40K in credit card debt, in addition to a mortgage payment and student loans. We have been working hard to pay off this debt and have been moving in the right direction. We got approved for a 30K personal loan at a lower…
thumbtackthief
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46
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9 answers

What do I need to do, tax-wise, for a sudden windfall?

I had stock options in a company which was recently sold to a private investment firm. As a result, my options were converted into a single large sum ( > $100,000) and delivered via wire transfer into my banking account. This is a staggering amount…
Sable Dreamer
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46
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5 answers

When to stop saving and start investing?

Since I started my first job after graduating a few years back, I always saved a certain percentage of my salary each month on an extra savings account my bank offers. At that time, and until recently, that seemed to make sense. Now I have, in my…
Suimon
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45
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11 answers

Why is a transfer from an account to another not done instantly when it's not the same bank?

I own accounts at two different Romanian banks. When I transfer money to another account at the same bank, the money is transferred immediately. However, when I transfer money to an account at a different bank, the transfer is processed the next…
Adelin
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45
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5 answers

How to teach personal accounting to an 8-year-old

I try to teach my 8 year old daughter the basics of finance. She has some her own money (partly in a wallet, partly in a piggy-bank). Some time ago, she threw a short tantrum about "someone stealing her money". My wife's and my assumption is that…
mbork
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45
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2 answers

How can I help an individual whose bank is writing to them at my address

Over 10 years ago, the previous owners of my house moved away. They didn't leave us a forwarding address and aren't in the phone book. This time every year I get a letter from a bank addressed to each of their children; clearly the parents forget…
Chris H
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45
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7 answers

How to pay with cash when car shopping?

I am planning to buy a car with cash this weekend - first time car shopping on my own! I've found a decent used car and scheduled a test drive with a dealership, hoping to make a purchase. They've already lowered the price for me via email/phone…
user40002
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