It’s gunna feel uncomfortable but just pay off both.

If your LOC was at or below 5% I’d say you could honestly pay just a fraction to speed it up.

But that 11% is gunna kill you long run.

I would split the investment into 2 chunks $5k each and use 1 chunk against the $7.5k cash payout. Hold the 2nd $5k as the cost basis of the received stock. The $400 payout is like a dividend, so cost basis is $0.

I have a tbill ladder going on and I think it's pretty sexy! 😂

I also have I bonds and I'm super happy with the return from Sept and Oct last year for my wife and I plus gifts for each other. I plan on holding these for a while as an emergency fund. I'll continue to evaluate as rates change but I'll be getting my full 15 months out.

Ally.com

This is a really bad idea. Fraught with potential pitfalls. College students are by definition unstable, too young, too inexperienced, too little income. Bad idea. Do the same exact idea, but with a rental. Best of luck

Loc has been on a rise lately it’s a 11% was at 8% this last summer :/

Saving is decent I try and save about 1000-1200 a month if I can ( I recently sold my truck that I was making payments on) I have a goal to have savings at about 15000 come July/august

Most of baby items have been bought witch before it cause saving to be slower witch is fine and expected

Are you in business selling stuff on eBay, or is this all related to personal sales of your own used property?

I looked at the cost of places to rent in the area, and it looks like it would be about the same cost, meaning it would cost about the same as buying room and board at the college. By potentially buy a house, we would pay less than half.

The rates have been trash for pretty much the last decade and a half.

These conversations are 100% coming back now that the rates are more attractive.

That is remarkably simple advice I should have thought of myself🤣 thank you

I have not. I only got my first credit card about a year ago

No I don’t.

Awesome, nice work. Always protect yourself financially!

Yea the weird thing is, those security questions weren’t even mine. It was something like which professional association are you associated with, and which professional license do you have. Never set up any of those or have those in my credit security questions.

The best course of action would be to put together a spreadsheet with each item and your best estimate of cost basis (how much you paid), acquire date, as well as sale dates and amounts. If you don't want to do that then yes cost basis is assumed $0 and you pay taxes on the full amount.

Barclay's

Popular Direct

Ally

Sallie Mae Bank

Synchrony

These are easy to deal with, no nonsense, and all have rates above 3% right now. I would pick whichever one has the highest rate. I believe that today, it is Popular at 4.26%

Check bankrate.com for additional ideas.

We were planning doing everything 25% of if there were more people completely equally (including the payments). Getting things in writing was gonna be one of the things we would do if we were to go through with this.

No disagreement here

Read any article on tax efficient asset placement to learn about this.

Yeah, that sounds insane. Are you sure it isn't full retail price of the car vs. gross annual income?

HSBC and Citibank both offer accounts than can take deposits in other currencies for US customers.

Too bad. At this point, I would continue to make the minimum payment on your credit card each month until you can find a new job and then worry about paying it off. Your credit score will increase once it's under 30% of the credit limit. Use the funds you have to take care of your basic needs for now.

Owning bonds in a Roth is dumb. Own bonds in your 401k or IRA. Over the long haul maximizing growth in the tax free account wins.

>I am in the middle of getting divorced, hope to wrap it up by the end of 2023 and expect about a 1.5 mil settlement. Will I be ok not working for the foreseeable future?

"Hope" and "expect" aren't a real plan.

There's no way to tell if you will be okay not working without knowing more about your goals and expenses, your future income streams (like social security, pensions, etc.) and other details. You will always be better off landing your next job before quitting your current job.

Hopefully you are getting professional help for your mental health issues.

Get the terms of who gets what when you sell it in writing. Doesn't matter how close you all are, things happen.

If you get a 1099r, even if it has a g in box 7, include on next years taxes. Taxable amount will be $0, but don’t ignore.