It's a good idea for every income level to budget. 🙂

Well if your not ready to pay your own car insurance or payment then your probably not ready to move out.

Because nobody knows whether the market will actually go down or up. Staying out of the market right now because it's risky is saying that you believe you know what direction the market will go. On the contrary, the research indicates that time in the market beats timing the market.

> Dude why are u so damn negative damn 😭

To be blunt, if you had a good relationship with your father and if he was a good/honourable parent to you, you wouldn't be in this subreddit trying to figure out how to GTFO of his house the day you turn 18.

Direct deposit and ACH transfers between banks.

So to get it back to spend you forward it back to your physical bank. It only takes 1-3 days.

Makes sense, that’s helpful. Once challenge is that my comp has changed significantly y/y (this year alone the growth from 22 to 23 will be over 2x their entire pay). So we don’t really budget.. but probably should start.

I use it in combination with a regular checking account and transfer from there but I do think they allow direct deposit as well. They also have a "bucket" system so you can organize your money if you want to.

I don't think they will cancel you, they 'can' do anything they want though. You would likely lose the discount and if you wanted to switch may not be accepted for a few years or pay higher premiums. Hartford did cancel my Dad's insurance after he put in can't remember 2 or 3 claims over a few years close together when he got into his 60s.

Not sure if they treat it like they do Home Owner's but we had a claim due to a natural sort of disaster (like 3+ feet of snow over a month and ice dams, had to have roof shoveled +++), then lightning struck a tree in the neighbors yard and caused damage I called but ultimately it wasn't enough to file. Just that call was recorded and counted. When I tried to change insurance companies I had to wait two more years because I 'had 2 claims on the record within a 3 yr time frame'.

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But Youtube only monetizes people with certain amounts of views. How would you prove to the IRS that you are running a legitimate business vs. some guy who just tricked his room out for gaming?

Thank you! Someone else mentioned just increasing the emergency fund, which seems similar to your advice… I'm glad to have your insight!

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You have an incredible amount of leverage. The company needs you right now. You need to take advantage of that- they are your employer, not your friend- get what you can from them. You don't need to be over the top, but the fact that they are approaching you about a pay increase shows their desperation to keep you. Ask for a little more than they offer- they will almost certainly match if you don't ask for a massive increase.

Thank you. I’ll look into that one as well.

Your tax preparer should not be your financial advisor

> Our tax preparer is of the mindset that we should be maxing out how much we give to the govt in taxes each year to ensure we get money back each year. I don't subscribe to that ideology and I'm looking for other tax shelters to prepare us as we continue to grow.

It sounds like you know enough about taxes and finance to do your own taxes and investing

>-Are there any taxes I should be aware of or plan for?

I'm not a lawyer or CPA but your cost basis in the stocks should be set on the day your family member passed away. So just look up the stock price of your different holdings on that day and that'll tell you whether you have any appreciation on which to pay taxes when you sell.

Thanks for the recommendation. Without the physical location, what deposit methods do they offer? Direct deposit? Transfers from other banks?

In your mind figure out what is a “fair” week of work, look at what you are continuing to do and adjust accordingly. Ask for more than you’ll accept. Your not walking so it’s just a nice discussion. Remember when overhead goes down profits go up and you want to share in that.

You may find our Taxes wiki helpful.

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Have you received any raises since you have taken on more work currently?

If not that needs to be addressed. Your salary requirements need to be adjusted depending on how much work you will be taking on.

This an extreme example to keep my math simple: if you had to double your hours and/or workload, you should receive AT LEAST double your income (not accounting for bonus or overtime).

If you have to take on 1 or 2 extra client projects then you can factor that in much easier to your pay requirements.

Edit: I also forgot to mention that you are a valuable resource to this company. Even more so since other engineers have left. You have more leverage here. Whatever you decide to do, be confident and stick to your decision.

Yes. You pay taxes to the state you perform work in. You're also protected by the states' employment laws in which you perform work. Stuff to keep in mind as someone going between jurisdictions!

I agree. I think that if we had an additional $1000-1500/month it would be perfect, however that could happen

Health Equity kinda sucks, but as others have mentioned, you can do a trustee to trustee transfer at any point.

If they charge a fee, you can instead do a yearly (rolling 365-day period, not calendar year) indirect rollover where you withdraw money like you would if you're reimbursing yourself, and then deposit into your new HSA. If they give you checks, just send a check with a form to Fidelity . Either way, make sure to tick the rollover checkbox so it doesn't get coded as a contribution. You need to complete the transfer within 60 days or it'll be considered a withdrawal instead.

I now have Optum Bank which sucks in many similar ways, and I do regular transfers and haven't had any issues for ~2 years now, so it should work fine for pretty much any HSA. Just pay attention to fees in case your HSA assesses one.

Another less likely option is to ask your payroll department if you can just have your contributions to straight to your new HSA. Some employers allow it, some don't.

I'll just chime in on point 3 - definitely not too short a timeline to utilize a HYSA. All the big ones are the same - we use Marcus by Goldman Sachs and like them just fine. Currently paying 3.75%

3:. I use Ally. They currently offer 3.34% so that would be $800-$1600 depending on when you use it. Only downside is no physical location so you can't deposit cash.