Recent comments in /f/personalfinance

_XxJayBxX_ t1_jaayz7h wrote

Reply to Would I need to pay Rent Twice? by evilhaw

In my years of renting, upon signing the lease, the deposit is due (usually matches monthly rent payment), if you move in halfway through the month, then prorated rent is due on your actual move in date. You shouldn’t be paying next months rent up front before you pay the deposit and the prorated rent. I’ve never heard of that.

But your original lease will say right on it what the refundable deposit was and what the monthly rent rate will be, and what your prorated rent amount is(if applicable). And in this situation it would apply.

You shouldn’t be renting or paying anything if you never signed a lease. ALWAYS keep the lease.

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No-Lunch4249 t1_jaayz0c wrote

Reply to comment by tlr92 in Where to invest in my own? by tlr92

Yeah it is tough! But honestly by even opening up a retirement account and throwing a few bucks in every paycheck, you’re putting yourself ahead of (no shit) like 40% of people in the US (I assume you’re US based).

Like the other commenter said, we’re here for you, and the wiki is an amazing resource. You got this!

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da1dp t1_jaayvaq wrote

Reply to I’m 18 and have no clue what I’m going to do after high-school. by sethenvy-27

All I can suggest at your age, pivot ASAP if you don’t find you like something and if it won’t make you happy for the long run. Even if it costs some good cash to pivot. Fail fast and move on to the next thing until you find the right fit. The earlier you do this the better. If you nail it on the head the first time, then Props to you! Asking these questions already says a lot! I’ve met some very happy linemen making big bank…good luck to you!

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Internal_Use8954 t1_jaayrav wrote

Reply to Would I need to pay Rent Twice? by evilhaw

It sounds normal, that’s how I do it when I rent a room.

So when they move in they owe:

  1. Deposit

  2. First months rent in full, no matter the move in date

  3. Last months deposit

But then the second month they get a discounted rate based on how many days into the previous month they moved in. But it’s just for that month.

Then when they move out, they get the deposit if owed, and then I return any last months rent if they don’t stay to the end.

So it’s like you paid for 2/14-3/14 already, but you still owe for 3/15-3/31, but that amount is due March 1st because that’s when the rest of March’s rent is due

It should be one time only of $250, and April 1st and all the rest of the months following you will only owe the full rent (650) on the first

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Stock-Freedom t1_jaayjxj wrote

Reply to Planning on investing, any pointers from anyone? by stock_holders

First off… don’t do that.

Second, just 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.

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thedirtys t1_jaax1gn wrote

Reply to Living in Colorado Springs by tynesha20j

That's less than 30 percent of your gross income, I'm guessing it's about 30ish percent after taxes. Can't get better than that in the front range. You're good.

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thomasvector t1_jaawz53 wrote

Reply to comment by Loggerdon in Would I need to pay Rent Twice? by evilhaw

Not every landlord, but it is most common. I've personally only ever paid first full month + deposit + pro-rated first month if applicable. I've only paid last months rent up front once in almost 30 years of renting.

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