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

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1500 questions
23
votes
7 answers

Does dollar-cost averaging just means taking risk later?

I am investing in mutual funds and hence reading and trying to learn about it. I was reading this answer which says lump sum investment is far more efficient than DCA. Well, that does not surprise me. I am aware that lump-sum will outperform…
Aastik
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23
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10 answers

Online money management applications: Do you trust Mint.com or Quicken Online, or other personal finance tools online?

For online applications such as Mint and Quicken (online), to automatically update your accounts, they'll always ask you to enter your login info to your banking and/or investment accounts. Do you trust giving out these types of personal…
interneter
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4 answers

Where can I get my girlfriend health insurance?

I have a girlfriend, she is not working, but in college at the moment. We live together, but are unmarried and have no kids. I have a considerable income of about $60k annually. We tried Medicaid, but it's been over 3 months and she has so far she…
needoriginalname
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23
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9 answers

I'm unemployed. Should I pay off my credit cards to avoid monthly payments?

I'm unemployed and on a tight budget with 6 months of savings. Should I pay off my credit cards to avoid monthly payments even if it reduces half of my savings? Is there a risk of the bank reducing my credit limits after payment?
Daniel Harris
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23
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8 answers

Paying Off Mortgage

I have owned my home for two years with a loan of $177,000.00. My monthly payments are $706.00 and I have an interest rate of 3.5%. I have just won a large sum of money and would like to use some of the winnings to pay off my mortgage, which…
Kathie McCarty
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23
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8 answers

How to split home equity fairly where contributions differed?

My partner and I purchased a house together in DC. We each put the same amount down, but because of our salary differences, I pay 2/3 of the mortgage, and he pays 1/3. We have made a great deal of money on the house and intend to sell it in the near…
RDS
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23
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1 answer

Is income from a check taxed according to the date written or the date deposited?

Scenario Let's say I was given a check from an LLC on December 15 that was written to my LLC on that same day, and I cash it on January 15 the following year. Question Will I have to claim the income for the origin year or the origin year +1? eg.…
Jacksonkr
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23
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7 answers

401(k) Contribution When Employer Has No Match?

Long time lurker, first time asker here. I've seen some similar questions to mine here, but nothing exactly in the same circumstance. I've seen almost near-consensus that the ordering for investing should be as so: Fund an employer's 401(k) up…
bhamby
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7 answers

Would it make sense to take a loan from a relative to pay off student loans?

Together my wife and I have about $80,000 in student loans. My mother in law is in the process of selling her house. We proposed the idea of borrowing ~$50000 from her, once she sells, so that we could pay off our loans with higher rates. We offered…
Ajschuit
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23
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13 answers

Buying my first car out of college

I just graduated college this past week and have a job lined up making 63000 a year. I was looking at buying a $27000 used 2008 BMW 328i, financing at about 500/month for 60 months. I don't have any debt of any kind and currently don't have a car…
Brian
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23
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6 answers

Reporting monetary gifts as a waiter/waitress?

As a waiter/waitress, if I received money from a customer and he/she specifically said that this is not a tip, but a gift, do I need to report it at the end of the night to the restaurant? Do I need to report it on my tax return? According to the…
Michael
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23
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5 answers

Prices go up and salary doesn't: where goes delta?

I'm not sure that question is appropriate here, if it is not I will delete it. Question: I heard that in USA prices are rising, but salaries are not. This looks strange to me. It means that companies get more money for selling stuff and services,…
Andrey
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23
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2 answers

What is meant by one being in a "tax bracket"?

I've always wondered but just now asking: What is meant by one being in a "tax bracket"? Does that mean only Federal, or does it include State AND Federal? For example: I (would like to) make $100K a year. Someone tells me you're in the 38%…
Sam D
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23
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5 answers

Book or web site resources for an absolute beginner to learn about stocks and investing?

I'm completely new to the world of investing and stocks. Knowing that I shouldn't invest or buy stocks until I know it well enough, I was wondering which cheap or affordable resources would be the best to get started? I've seen quite a lot of books…
YOMorales
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23
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2 answers

Can I claim household services as business expense? (USA)

I have a side income that takes a lot of time. Part of how I find time for this is to outsource some of my own household chores - such as lawn mowing. Can I deduct the lawn mowing costs and other household services as a business expense? If not, is…
undetected
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