Recent comments in /f/personalfinance

LR_111 t1_j6oqrz9 wrote

Are you sure you want to do this? There are some priceless experiences that you can only have as a child / young teen. Wouldn't the money be best used now for a once in a lifetime experience vs when he graduates college, and likely gets a job where he makes that much in a week?

Gee thanks mom and dad, I finally get my first real paycheck for 2k+ and you give me another $1200 6000 dollars that is just lost in the sauce.

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sephiroth3650 t1_j6oqnq5 wrote

Depends on what you do, where you live, and how much experience you have. $54k would be a ton for some jobs, and it would be horrible for other jobs. Where I would start if I were you is to figure out your job title/role. Then do some research and see what the market rates are for your job title, with your experience, and where you live. That will give you an idea on whether or not your salary is in line with what others are making, doing what you do, and where you live.

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Rave-Unicorn-Votive t1_j6oq9no wrote

If you buy today, you'll get the current rate for 6 months and then the next rate for 6 months.

The chance of the rate going up in May is infinitesimally small. Like, even rounded up it would be written as 0.00% small.

And there are no real returns with I bonds, they literally preserve buying power. You save enough to buy a Happy Meal today and you'll have enough to buy a Happy Meal in 20 years.

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Werewolfdad t1_j6oq804 wrote

Was $28k the total sale price reported on the purchase agreement? Looks like this: https://www.amazon.com/Vehicle-Automotive-Purchase-Agreement-Dealership/dp/B08V9K7NL8

Or was the $28k the total cost of credit on the Truth In Lending Disclosure? Looks like this: https://i0.wp.com/massrealestatelawblog.com/wp-content/uploads/sites/9/2011/03/TIL-Photo.jpg

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fluffy_bunny22 t1_j6oq0ga wrote

It was the 80's. It's going to be my grandma claim to fame along with when I was younger gas was 69 cents a gallon. It was technically only that cheap for 2 weeks because a new station had opened and they wanted to drive traffic their way.

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BouncyEgg t1_j6opzjd wrote

> I’m trying to take out my 401K

When you say "take out" are you attempting to cash out?

As in, you're trying to take the 401k money out to spend? Like on lobster, steak, clothes, cars, jewelry, etc?

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