Send them a screenshot of the website.

Then have your bank send them a paper check each month. Most banks offer this service for free and you can set it on auto pay. (This is how I pay my HOA for the same reason.)

Yes, compound growth with periodic deposit is awesome like that. If you had $270k in your accounts (1.5x of $180k), at even a modest 6% growth rate, $270k grows to $361k alone without new contributions. But if you also keep adding 15% of the $180k gross income each year on top of compounding, $270k grows to $513.5k instead.

Much more difficult if you are already behind (need to increase contribution rate to 28%).

FYI I think the 1x is based on your starting income, not what you have now, so if you re-frame the question with a lower 1x, you might not be too far behind.

You should try to max both at $22,500 for 2023. This is the way. Also, make sure you’re invested in index funds.

This is how I got around the silly payment fees without having to worry about forgetting to send a check monthly.

OP: I recommend using bill pay from your bank if at all possible!

My parents don’t pay for any of my bills I am just on their health insurance

I work from home, no office

Citi is over 3% and also offering a bonus for new money deposits so you can get a couple hundred extra right away depending how big you e fund is

I may reach out to a bankruptcy lawyer to get advice. I have been thinking about it for about a month now but that is a really big step to take and scares me to be honest.

My ally account is over 3% I believe and I haven't had any issues with them.

Also gains on i bonds is taxable income at the same rate as ordinary income (up to 37% for some people) so that must be factored in.

Always take a Screen shot of a website before you tell someone their websites states... The reason for this is because they can simply go change it. And I would argue it with them, file a complaint with the housing authority in your area if they refuse to make it right. Make it public, there maybe many more people in your HOA that have been overcharged. But do not spend to much effort on it, as there are more important things to do in this short life we have.

No, it’s over your limit by $1,000

The market is really down right now. When it swings back up, you will probably be pretty happy. Make a plan and commit to it. My 401k is down nearly 18% for 2022. I try to tell myself that I’m contributing at a discount, because once this swings positive, the gains should look nice.

Then draw around the bit that says $3.25 with a red outline and a big red arrow pointing at it. People only see what they expect to see, sometimes you have to make it obvious

You are in a stable financial position - no new house is worth risking that. I definitely would not consider moving until the EF is at $12k and you have filled sinking funds beyond that and you are saving 15% monthly to retirement.

Home Maintenance: 1-2% of home value/year

Vehicle Maintenance: $75/vehicle/month

Vehicle Replacement: Estimated monthly payment

Personal Care: Annual clothing + haircuts/12

Holidays/Birthdays/Gifts: As you see fit

HOA

There’s your first problem. Second, yes it’s worth fighting over. That’s your money. Don’t give it away for free.

Adding 6k this year 2022 + going forward for both into an IRA + maxing out the 401k n 403b contributions would supercharge them savings.

[deleted]

This is the correct answer. I can technically afford to buy a $100k car in cash, but that doesn’t mean I should.

How much are you currently contributing per year? That multiple includes both growth and futures contributions. Let’s say on your current salaries you’re saving 20% pre-tax (so $36k a year) That brings you to $350k before any growth. If we assume a 5% average growth factor over the next 5 years compounding (not guaranteed) along with that $36k/year, you should have $415k. If it grows at 7%, you’d have $445k. As you make more, you’ll also likely be able to set aside a larger percentage of your salary to retirement, so there’s variables involved but yeah $510 isn’t out of the realm of possibility

Did you increase your balance on a credit card ? Or take out any additional loans?

Depending on the agency, they use several methods to calculate credit score. I believe most of them look at your overall credit card balances against your allowable limits. If you exceed certain percentage amounts your score may go down temporarily until you pay it down below that threshold.

There could be other reasons of course, but this one sticks out to me because last year I had to make a big payment and I used my credit card. For the month my credit dipped like 40 points, but when I paid my full statement (which I do every month) it went back up.

Hope that helps and good luck!

APY is the annual yield, so $100 at 4.15% will yield $4.15/12 per month ~$0.36/month. The penalty for breaking a CD early will depend on the bank you purchased it from. I don't think you should lose any principle, but will likely lose a certain number of months worth of interest.

It says 1 to 1.5x, and you are below 1x. You should be closer to the 1.5 mark, and then continue to aggressively save for retirement. BL is you are slightly behind. Not bad, but behind.

So i have an amount left in my FSA account i'm trying to use at the FSA store. My card is being declined even though i have the available amount in my FSA. However, my eligible amount is lower than my available amount, any idea why that might be?

> When researching to confirm I thought APY was the percent of how much I would get as interest into my account.

Correct, if you are able to hold continuously for 365 or 366 days.

> But online says the APY is how much interest would be charged to me if I were to withdraw early.

Wrong.

> So say a 12m is offering 4.15% APY I thought that's the amount I'd get back so 100->104.15 end of month

$104.15 after the 365 days (1 year), yes.

> it being if I need to withdraw it'll be 100-> 95.85 I'd get back

No. Early withdrawal penalty varies from CD to CD. Read the terms for that specific CD. Sometimes it's 3-month interest, sometimes it's 6 months. You will also still keep the interest you earned so far. It's just that the penalty might be greater than the interest you earn.