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

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1500 questions
21
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3 answers

Will crossing out my ex-wife's name cause problems using my checks?

My ex-wife is no longer on my checking account, but I have still been using the checks with no problem. Her name is written below mine. I want to know if I take a marker and black out her name will the bank think something is fishy and deny it? …
r_kramer
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2 answers

Which year to use to pay US taxes on business income that was invoiced in December but paid in January?

I was paid a few hundred dollars to review a few textbooks. I submitted an invoice in Dec 2016, and received payment in Jan 2017. When I pay taxes on this income, does that count towards 2016 or 2017? The context of my question is US federal taxes.
I Like to Code
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7 answers

Can foreigners holding US tourist visa create a bank account in USA?

I am not a US citizen and want to visit USA as a tourist. Since withdrawing money from my home-country bank account will cost much, it is better to open an new bank account in US (after arriving) and transfer some money from my home-country bank…
LaTeX
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21
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4 answers

If I buy a foreclosure at courthouse auction, am I in any way responsible for debt on the property?

I'm looking into purchasing a foreclosure that is being sold by a trustee at a courthouse auction. I did some research on the property (via RealtyTrac), and it seems like there were quite a few loans taken on the property. From the records there…
user379468
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4 answers

Do altcoin trades count as like-kind exchanges? (Deferred capital gains tax)

2018 EDIT: Although this post was inspirational, US Congress addressed this issue in the Tax Reform law of 2017, and any trades after Jan 1st 2018 cannot have this treatment. The few years of ambiguity from the existence of altcoins to the law…
CQM
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21
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3 answers

Bought agency bond (FANNIE MAE 0% 04/08/2027), now what?

I just bought 15 of these for $10,677 through my brokerage firm. It says 3.3% interest. I have no idea how this works. But I trust it is gov bond and will pay 3.3%. Can anyone explain how it works? Will it pay interest annually or every 6…
Tony
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21
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8 answers

How to motivate young people to save money

How do I motivate young people (millennials) who just started earning to save and also the importance of savings? Should I focus on retirement? Wealth creation? Financial independence? Something else?
gopi1410
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7 answers

Are credit cards not viewed as credit until you miss one payment?

I have recently been trying to improve my credit score in hopes of getting a good/better mortgage here in a few months when I become a first time home buyer. My father has been helping me by doing some research on his own too. He said he spoke with…
KDecker
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2 answers

I gave a scammer my telephone number, address, and name. How bad is it?

Updated question because old one was embarassing: I saw a spam email from "PayPal" and I didn't realize that it was a phishing attempt. I gave the phishing site my name, telephone number, and email. What could he do with them? Old question: Well, I…
MrColdfish
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21
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9 answers

Is this investment opportunity problematic?

I recently got an email from a close friend of mine, that goes something like this: We're looking to sell our rental house and buy a new one. We found one we like, but the housing market is very hot right now and it's not likely to be on the…
Mason Wheeler
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11 answers

How much should a new graduate with new job put towards a car?

What is a responsible amount to put towards a car if my new job will pay $95k and I have almost $7k in the bank? I also have approximately $30k in student loans I have to pay.
Danyul
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21
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6 answers

Can a shareholder be liable in case of bankruptcy of one of the companies he invested in?

I know it's a silly question before I ask but let's ask it anyway: Let's say that X buys 10 shares of a public company Y in the stock market. Let's also assume that Y, at some point, goes bust while X still owns the 10 shares. Can X, along with the…
nourdine
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21
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3 answers

Buying shares in a company after you quit

US law dictates that you cannot buy / sell shares in a company you work for except during open trading windows. I understand lockout periods when you're in a company but what about after you quit? If I were to no longer work for a company can I buy…
Tai
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21
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4 answers

Why do banks insist on allowing transactions without sufficient funds?

Specifically, to a checking account. I have not heard of, in a long time, any bank that will simply decline a charge if there isn't sufficient money. Either by default or even at the customer's specific request. Instead, they let the account go…
iPherian
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21
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6 answers

How safe is a checking account?

I'm 19, and I've been working since high-school. I still live with my parents. All of my money is in a checking account and I often use my Visa card for my purchases. My question is, how safe am I in the event of fraud? Am I covered? Should I open a…
Willy Goat
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