Okay thanks for the advice, I could pay off my CC today then start splitting my saving payment do 500 to savings 500 to loc

You may find these links helpful:

• 401(k) Fund Selection Guide
• 401(k) FAQs
• "How to handle $"

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Unfortunately what you experienced is more common than it should be.

To add to the disappointment, you pretty much have no realistic recourse with respect to punitive actions against the employer.

You'd have to have provable damages as a result from this practice. And obviously, that's going to be difficult as stolen information can be set aside for years before being sold and acted upon. By then, who knows how your information was stolen. Could have been through the see-through envelope. Could have been any number of other breaches.

Anyways, you should act as if your identity has been stolen. Even if this event didn't happen, you should act as if your identity has been stolen. As in, follow the Identity Theft guide in the PF Wiki. Freeze your credit at all the various credit bureaus. Again, should be done regardless of whether or not this event occurred.

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Look through the the Prime Directive and the Wiki and see if you have any questions. A lot of people recommend The Money Guys when it comes to wealth building videos/podcasts as well.

Ok, I didn't want to ask your salary, but since you offered it I can update my advice.

In theory, your debt is "bad" debt, meaning your interest is more than you'll likely get on the market.

The 401(k) is free money, so absolutely get that match first.

Then get rid of your credit card debt.

After that, shift to the Roth IRA. In theory you are in a "low" tax bracket at the moment, our current income taxes rates are historically low AND you're not a super high earner. That means the "smart" bet is paying your income taxes now rather than in retirement. Once you start to earn around $73k the law starts to reduce how much you're allowed to put into a Roth IRA, at ~$82k you can't anymore.

So here's the plan for you - get your match, pay off your debt, then start pumping up your Roth IRA. You're allowed to put in a maximum of $6,500 into your Roth IRA right now, I assume you won't be hitting that level but if you can, do it.

If you're a super-saver and you can save beyond the $6,500 or your get more compensation start going past the $73k limit, then start moving your contributions back to the 401(k).

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I found the average price of a roof replacement in the area to be about $5k to $15k, so if we all had this amount saved, would you consider that to be safe?

You are able to buy bonds from your brokerage as well. All of them usually have new issue bonds on there.

I think that’s a really good idea.

Don’t underestimate how valuable flexibility can be when deciding on your living arrangements, especially when you’re young. Being able to chase jobs, transfers schools, move in with new friends you make during school….all of that is very valuable

I mean, if the debt is being rolled into some type of play later, then no. But I don't want to have anything to do with them again.

>Is this cheating the system?

Not really. A budget just exists to ensure your overall expenses remain below a certain level. Doesn't matter if you have discrete line items for make up, clothing, and haircuts or if you combine all of that into a single "makes me look good" budget.

If you overspend in a certain area, it may make sense to increase the granularity of the budget (i.e. not allowing yourself to spend more than $X amount on Video games, or booze, or whatever you spend too much on)

I do this all the time. I would say it’s allowed. But if you find yourself doing it every month maybe you should reevaluate the category you need to borrow for and make sure you are budgeting the right amount. Doing it as a one off is totally fine tho, shit happens.

Are you willing to bet your house on 2 of your friends having their finances 100% in order until you decide to sell? I wouldn't. Look at how much you're coming out ahead over a rental. Then decide if that amount is worth the risk you're taking. It's your call, but you'll also be left holding the bag if it doesn't go the way you planned.

That just sounds like re-budgeting. As long as you're not living beyond your means, I don't see the issue.

Aslong as you get rid of the CC debt asap.

You really shouldn’t be saving so much until you are debt free. Maybe check the prime directive for more help.

You budget is whatever you make it. As long as it's dollar for dollar, it doesn't really matter.

Right to feel threatened, they’ll begin by watching EVREY little thing you do to make sure it’s valued added. Possibly they already have a cog controller so don’t need two etc.

the idea is to budget prospectively what you actually need in each category but moving money retrospectively is fine. I wouldn't make too detailed of categories though. I try to keep it buckets >$200 or so. So you could just combine the clothing and makeup budgets in one category.

Again, I'm willing to pay that out. But honestly wouldn't this go to collections and I'd just take the hit on my credit and be able to pay it off later? Because it's literally this or my house lol

Depends on your state. Some states have laws against this (see, eg, https://www.jacksonlewis.com/resources-publication/michigan-establishes-minimum-privacy-protections-social-security-numbers) I don't think there is any federal law on the topic.

never used quicken but simplifi was what i switched to from rocket money and I've found it easy to work with and an overall smooth experience

I had a friend who he and his father bought a house like this as he was in pharmacy school, and he then rented it to roommates and sold when he graduated and moved. Having it split 4 was is a terrible idea, what if one of you transfers, or needs to take a year off, or any number of things that happen?

You are 25, make lots of money, have fun and buy the toy. In your case I would use the emergency fund, but repay it in 2 months or less by sacrificing fun stuff in your budget. If you do have an emergency in those 2 months you can always borrow from the 401k.

Establishing discipline regarding retirement funds will greatly help in your future. Also the fact that you are actually thinking about toy purchases and their negative consequences at 25, bodes well for your financial future.