You should not rely on a quick refinance in the current market. You might want to see if you can get better financing from a bank or credit union, but a brand new 2023 vehicle does not seem appropriate under the circumstances.

Yes!! Right across from San Francisco. Unfortunately my work was in the city, then we moved into a hybrid schedule, and now we're fully remote. I'm not sure how i did it before when i was commuting to work more frequently. it's almost a blur.

56.5% towards rent is just unfathomable :( I can't believe I do that every month. If my partner was pulling more weight in, I would probably have been able to have way more wiggle room.

I'll have to check my internet bill, I could potentially be paying for more than I need? I'll see if i can check my usage for the month. I've been spending a few days at a quiet work space here so I shouldn't really need the best thing out there.

I don't have a Sam's club nearby but i do have a Costco. $60 sounds amazing!! That would actually last my dog a few months. I'm also going to have to check that out.

Every little bit helps so i appreciate your feedback so much!

18% is high, but 560 is pretty low. You could try to get a better rate from a credit union.

Considering you're probably putting on 50k+ miles a year, I would hope you're getting reimbursed or something.

I thought you were comparing it to a TDF?

I might look into that.

The used car market was so upside down that it was cheaper to buy new than used for a time. I went through the same thing with my teenager. The problem is that the market is starting to correct itself and I can only see you losing a lot of money if you try to sell it this soon after buying it. Is it possible to get another job as a server on the weekends or something? A used car that is reliable is going to put your payments back near where they are now. You will be on the hook for repair cost also. At least you have a warranty with what you have. Tag and insurance maybe cheaper but I'm assuming your parents take care of that. I personally would stick it out and hope to up my income. I don't see you being able to afford any car on that budget.

I kept my kids' money in a savings account until they were in middle school which was a mistake from my perspective. I always meant to invest it for them and I only wish I had invested their money sooner so it could have grown more than it has. I used UTMA accounts. I have never had any issues with buying or selling in any of their accounts. I used company sponsored DRIPs (dividend reinvestment plans) and stuck with plans that didn't charge investment fees on new investments or reinvestment of dividends. They did charge fees to sell and some for the initial setup. My kids had two stocks that would allow them to invest as little as $10 at a time. There was some trial and error on my part with some of my initial stock picks. I picked companies that had a history of paying an increasing dividend. Even with one of their stocks tanking and two only doing so so the others more than made up for it.

If I had to do it all over again I would probably use a regular brokerage UTMA account since most no longer charge buying and selling fees and I then wouldn't be limited to only certain stocks. I personally prefer individual stocks but you could make it simple and go with an ETF or an ETF that pays a dividend like SCHD.

You might check out Stockpile. They have a mixture of stocks and funds to choose from.

My oldest is in college and sells his stock to cover college expenses not covered by is scholarships.

You have lots of options: savings account, stocks, bonds, CDs, EFTs, mutal funds, CEFs. Just be sure to do your research for whatever investing path you decide works for you. The most important thing is that you save for your kid and invest in something. A lot of people mean to save/invest and life happens and they never get around to it. Good luck!

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No one making only $600 a month should own a car based on income alone. Cars basically cost more then that every month to run.

I would hire an estate lawyer / planning service but if you want to get some more info, search for Estate Planning in YouTube. America's Estate Planning Lawyers will be top choice and I watched quite a bit of his material. He covers a lot of material you need to research and work through that can't possibly be covered in this comment section.

Generally, it's not recommended to move parent's house under kids' name(s) until after death due to capital gains treatment differences when you sell the house if you received it after the death vs you as the owner. Also, other benefits your dad may be receiving can be impacted.

Definitely worthwhile to start going through all his financial accounts and help him set beneficiary ( or TOD - transfer on death/POD payable on death ) on all of them if allowed to you and your sister. I think it's easier not going to probate for checking/savings type of accounts so it maybe worthwhile to setup a joint account between you and your sister and move funds out. Retirement accounts should just have beneficiaries set and it should be a fairly easy process once you have the death certificate to get distribution without going through probate.

That’s why I recommend going through your bank. You can also open a savings account just for the card. I think the terms and limits vary by bank.

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

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You need to invest. You don't have much in your 401K, way too much in savings, and probably don't have IRAs. Read the wiki link.

If I run away from it, what would the alternative be for now? (Also I plan to refinance in 9-12 months)

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I'd recommend getting a debit card with no foreign transaction fees (Schwab offers one) in addition to a credit card. The debit card eliminates the need for currency exchange as you can simply get it directly from an ATM with no fees.

No offense, but even with the windfall you don't have enough money to need a financial advisor. Don't waste your time or money.

Everything you need to know is in the sidebar of this subreddit, especially the section about windfalls.

I work at a car dealership. They are just offered promotionally to move cars, of course they lose money doing this. All the car ads you’ll see on TV with surprising low or 0 rates right now are most likely for 2022s. Clearing those out as 2023s come in. And of course this isn’t made extremely clear from the ad.

You do typically need excellent credit, occasionally there is a required minimum down payment, but all of that is secondary to selecting a car that the program applies to. You’re not going to get 0% on a 2023 hot model that is flying off lots all over the country.

What’s wrong with the three fund portfolio? Dividends aren’t anything special

Ah, someone told me to check the error codes! They are different than before so I think they did fix it. They might have broke it in the other area to, but I can't prove that and it's fine if they did cause it's our fault for bringing it to them in the first place. As long as I can tell they fixed what they said they would, I'm all good! Lol. Thank you!!

I'm sorry for your losses. That's a very tough few months.

2 calls I would recommend, a tax attorney and an investment advisor.

Good luck.

This is a good solution for the long run. Do they extend the limits after 6 months? That's what I was seeing. Either way I do need an emergency card while I build savings up so I might do this regardless.

Then it doesn’t matter I guess. Didn’t realize they made it free

must be handed over, no strings, no oversight