Wouldn’t that technically be tax evasion at that point?

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Yes. Follow the flowchart.

My generic advice:

https://i.imgur.com/lSoUQr2.png

Here is the flowchart from the r/personalfinance subreddit’s Prime Directive. If you follow that, you will be ahead of almost all of your peers.

Stop by the sidebar to see the Common Topics, which include basic money handling and investing.

You don’t need to talk to anyone or buy some random book to do this. You have all the tools right here.

Here's a link to the PF Wiki for helpful guides and information.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

I love the flowchart! Here's the wiki page with more context and information.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

Follow the flowchart.

My generic advice:

https://i.imgur.com/lSoUQr2.png

Here is the flowchart from the r/personalfinance subreddit’s Prime Directive. If you follow that, you will be ahead of almost all of your peers.

Stop by the sidebar to see the Common Topics, which include basic money handling and investing.

You don’t need to talk to anyone or buy some random book to do this. You have all the tools right here.

I think (correct me if I’m wrong) the 3 year rule is only for getting a refund from the irs, right? And the problem with deducting expenses such as what I originally paid for the items is that I don’t have a huge portion of the receipts for those items. Do I have to just declare all of what I received as a payment at that point?

The interest rate on the student line of credit is about 1% I think based on previous statements I was looking at. I'm not american so I don't have those but it's actually in a government pension plan that has a return on investment of about 15% annually.

I was about half of the time. One of my hobbies is to collect rare vintage clothing, so it’s natural that lots of it would retain/increase in value. Yes I was turning a profit

Online-only banks are real banks. They just don’t have storefront branches, which saves them a fortune in expenses, and therefore they can pay higher interest rates.

I have checking at a bank with branches local to me, plus I have a couple savings accounts at online banks. I’ve linked them, so I can transfer between checking and savings in a couple of days.

You can’t set up bill pay directly from savings, and they’re limited to six withdrawals per month, so yes, you would transfer money to checking and then pay bills from there.

Thanks I will check it out.

I have 9 total loans they interest varies between 3-5% depending on the loan.

You said it yourself - you're going to be struggling July-September.

You can't get out of the lease early, so stay with your plan and move in with a friend in September.

Do not take the retirement funds. They are a last resort after all lesser means have failed or cannot be reasonably employed.

Phones don't get hacked, but phone accounts do. Just google "simjacking" or "Sim swap fraud". All it takes is a little social engineering to get the representative at your phone company to move your number to a new phone, and now all the 2FA and password recovery texts from your bank are going to the scammer. T-Mobile has been hit with this pretty hard recently because scammers are able to use the data from the data breach to get into people's accounts.

now you know what to do

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Yes, if they are high or medium interest loans.

Follow the flowchart.

My generic advice:

https://i.imgur.com/lSoUQr2.png

Here is the flowchart from the r/personalfinance subreddit’s Prime Directive. If you follow that, you will be ahead of almost all of your peers.

Stop by the sidebar to see the Common Topics, which include basic money handling and investing.

You don’t need to talk to anyone or buy some random book to do this. You have all the tools right here.

Here's a link to the PF Wiki for helpful guides and information.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

I love the flowchart! Here's the wiki page with more context and information.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

Follow the flowchart.

My generic advice:

https://i.imgur.com/lSoUQr2.png

Here is the flowchart from the r/personalfinance subreddit’s Prime Directive. If you follow that, you will be ahead of almost all of your peers.

Stop by the sidebar to see the Common Topics, which include basic money handling and investing.

You don’t need to talk to anyone or buy some random book to do this. You have all the tools right here.

I have a local bank checking account so I can get cash occasionally. My main checking and savings are at an online bank (Capital One.). My investments are at Vanguard.

Depends on the Interest Rate of the Loans.