If you have solid dorms than the dorm is the easy pick, just make sure u get ur own room. Getting a car after 4 years would be awesome lol. U could save so much worth it. Having ur own place is nice but that can wait a couple years and u would be able to afford a nicer first apartment after if u choose to move out right after school

Doubtful. It takes them a long time to do this.

Have you asked insurance about reinstating the policy and paying back premiums?

Unlikely they’d figure out you were uninsured that quickly, and if they had, they would have told you and charged you. Certainly call and ask, but it’s unlikely.

I too recommend going with fidelity they should have a little signup bonus atm.

look into the 4 fee free index funds fidelity have

would the lender not have placed any insurance on the car?

Yes, it sounds like you’ll be paying for everything out of pocket. Insurance isn’t going to cover anything.

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I gave them the policy number that "was" my pervious policy and I am assuming they ran it.

The police arrived at the scene and only gave me a citation since I was the one that rear ended the other car. Their end of the car looked ok as it was main cosmetic. The car seems totaled.

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You can ask them if you can pay the premium to reinstate the policy, but given that it was cancelled on December 2nd, you're probably past that point. Without insurance, you are personally liable for any damage you caused in the accident, to yourself, your own property, as well as anyone else or their property. You'll also likely be cited for driving without insurance if law enforcement is involved - don't fail to report the accident if your state's laws require it, even if you will then get a ticket for not having insurance. The penalty for not reporting an accident will be worse.

Stop driving your car immediately and don't drive it again until you have insurance.

I don’t know where you live but chances are a lot of the add-ons she undoubtedly purchased like tire and wheel coverage, service plans, warranties etc can be cancelled/refunded (prorated to how long she’s owned the car of course). Look at the contracts for information on how to cancel them. And expect it to be kind of a PITA and for the people at the dealer to try to talk her out of it.

What I wish my parents did was taught me how to read a financial statement and try to discern information from that.

Fidelity has a teen account. Check that out. Use this opportunity to teach fund investing. I personally would not let them make any single stock picks at all. It's a good practice to learn and a fairly small amount of money invested early can turn to millions if done early enough.

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I’m not saying they shouldn’t invest but I’d have a very serious conversation with them about the risks of investing. Id also check all their social media and browser history to make sure they aren’t yoloing all their money into crypto or whatever pump and dump wallstreetbets is pumping.

You may find these links helpful:

• "How to handle $"
• Investing

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I moved out of dorms asap, 2nd semester. It was myself, my roommate from the dorm, and another friend in a 3 br apartment. Overall I saved a lot of my parents’ money, as they were supporting me.

Looking back, even though most of the money was coming from my parents, getting off campus was a great real world education in personal finance. Utilities, rent, groceries, equitably splitting bills with roommates, battling a landlord over security deposit…

Show your dad you’re responsible enough to handle all that. He will be so proud of you, probably buy you the car next year. Also he’d be totally ashamed if the RA got you suspended for smoking weed on campus. Apartments don’t have RAs.

Sorry for what you're going through. My Pixel 7 was also lost in the mail. I ordered directly from the Google store and the package never came despite the tracking info saying so. I emailed the customer service and they just sent me a replacement and it all worked out. I'm curious: was your package also from UPS? I think the delivery guy stole mine.

You didnt say the length of loan. But six years 7% APY is 50% added to the amount financed.

If you feel that strongly about staying in the apartment then do it. A 3-4k difference won’t mean anything to you in 6 years (if everything goes well)

You really don’t get those college years back. Do everything that you want to do.

Dorms and car hands down. Save your money now while you can. Dorms will mean an easier commute and closer to on-campus activities, too. A car will be essential for work, etc. later and it will be a real blessing not to have a car payment. No matter where you live, you can hang out with your friends, but I wouldn't give up a car and savings just to live under their roof. Also, you may make new friends in the dorms.

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Could not disagree harder. Live where your friends are, the best part of college are the pregames, hungover afternoons recapping the night before, etc