Personal Finance 360

#StudentLoans #FinanceTips #Investing #PersonalFinance Hey everyone! 👋 So here’s the scoop: I’m wrapping up my final year of university in London and I’m staring down about £40k that I've managed to save thanks to my student loans, bursaries, and some summer jobs. It’s a nice little nest egg, but I’m at a crossroads now. What’s the best way to use this money? 🤔 A little background on me: I live pretty frugally, which has allowed me to stash away funds into stocks and shares ISAs. My investments so far have primarily been in a global index fund, as well as some in the S&P 500 and a few individual stocks. Pretty much like a rollercoaster ride, it's been a mix of ups and downs, but overall, my investments are looking decent thanks to compounding! Now that I have this £40k, and with a graduate job lined up in London starting with a salary of £40k, I’m considering my options. Here’s what’s on my mind: Keep it Invested: Should I just let the money keep growing in my ISAs, capitalizin... How Should I Invest £40K from Student Loans and Bursaries Wisely? Answers: https://lnkd.in/g5X2RpcC

#CreditCardTips #MastercardReplacement #Cashback Hey everyone! I need your help. I’ve been using the Amex Cobalt along with my Rogers WE Mastercard, but I’m making a switch from Fido to Public Mobile for my phone plan. This change means I won’t be enjoying that sweet 2% cash back on my phone bill anymore. 😩 So here’s my dilemma: Is it worth holding onto the Rogers WE Mastercard, or should I look into finding a new card that better suits my current situation? Since I’m mainly using it just to cover my phone bill, I'm wondering if this card is still a good fit. Here are a few pain points I’ve been considering: 🔄 **Changing Benefits**: Losing that 2% cash back definitely stings! Without a reward for my phone bill, it feels less worthwhile to keep the card. 💳 **Alternatives**: Are there other Mastercard options out there that could offer a better reward structure, especially for everyday expenses like mobile bills? 💸 **Redemption Ease**: I want to make sure that whatever... What Mastercard Can Replace Rogers WE for Optimal Cash Back? Answers: https://lnkd.in/gkybNE4j

#FirstCar #CarBuyingAdvice #CollegeStudent #NewCarVsUsed Hey everyone, I’m a 20-year-old college student on the lookout for my very first car, and I could really use some advice! 🚗 For the past year, I’ve been driving my cousin’s car while he’s been away. Here’s the deal: he’s covering the payments, and I handle the insurance—about $470 a month, plus $30 for gas, which totals around $500 monthly. My commute is pretty short at just 4 miles a day since my driving mainly revolves around school and work. Currently, I’m working part-time, making about $600 a month, and saving up with approximately $10,000 in the bank. However, I plan to quit my job after summer to focus on my last year of college. Now that my cousin has decided to sell his car, I’m weighing my options. My dad is ready to help with a budget between $20,000 and $38,000. Here’s where I need your insights: **New or Used?** 🤔 Should I go for a new car, and if so, which brand? I've been driving a 2023 Mitsubishi Mir... What's the Best First Car for a College Student on a Budget? Answers: https://lnkd.in/gkRsFphr

#HealthInsurance #HSA #HighDeductiblePlan #HealthCosts #MarketplaceOptions Hey there! 😊 I see you're in a bit of a pickle with your health insurance options. Let’s break down your situation and explore whether switching to a High Deductible Health Plan (HDHP) to take advantage of an HSA is the right move for you. From what you've described, you have a few important factors to consider: Current Coverage: You're currently on a lower deductible plan that’s giving you decent coverage for your needs, including low-cost prescriptions and limited doctor visits. This is key because it keeps your out-of-pocket expenses manageable. Cost of Switching: The potential switch to an HDHP means higher premiums and the obligation to hit a significant deductible before seeing any benefits, which could be more than $9,000 a year! 😱 Tax Benefit of HSA: While HSAs can be great tools for saving on taxes and building a health savings cushion, they come with the need for those high out-of-pocket costs upfro... Is a High Deductible Health Plan with HSA Right for You? Answers: https://lnkd.in/gS_TS-CG

#InvestmentTips #SafeInvestment #MoneyManagement #FinancialPlanning Hey everyone! 🌟 So, I’m in a bit of a situation here. I have this $30k bill coming due in February, but I’m fortunate enough to have the funds ready right now. I’m thinking, wouldn’t it be smart to invest that money for the next three months and hopefully earn a little extra? 💰 Here’s where things get a little tricky. Investing can be intimidating, especially when you don’t want to risk losing your money before that bill comes due. It’s a common pain point for many—wanting to grow your savings while ensuring you can cover your expenses. Here’s why this is such a concern: Time Crunch: You only have a short window (three months) to work with, which limits your options. Risk Aversion: Investing often comes with risks, and losing even a small amount could create stress when the due date hits. Inflation: Even if you don’t invest, the money sitting in your account may lose purchasing power over time. So, what can you do?... What safe investments can grow my $30K before February? Answers: https://lnkd.in/g6GqkpRX

#RetirementPlanning #SmallBusinessOwner #FinancialAdvice Hey there! 😊 Are you feeling a bit lost when it comes to planning your retirement? You’re definitely not alone! Many people, especially those starting a small business or new parents, have similar concerns. From what you've shared, it sounds like you're navigating a lot of financial variables. Here are a few points that might be causing you some stress: Creating a Retirement Account: Figuring out the best way to save for your future can be overwhelming. With all the options available, how do you know which one is right for you? Trust in Financial Planners: It's tough to decide if hiring a financial planner is worth the investment, especially when starting out. Investing in advice can feel like an added strain on a tight budget. Income Limits for Roth IRAs: You’re correct—filing jointly can affect your eligibility for a Roth IRA. This can lead to confusion about which accounts you can contribute to, especially with your com... How Can I Create a Retirement Plan Without a Financial Planner? Answers: https://lnkd.in/gu55-UeK

#Budgeting #MoneyManagement #YNABAlternatives Hey there! 😊 I totally get where you're coming from with YNAB—the steep learning curve can be really tough, especially when you want to dive into budgeting but find yourself constantly hitting roadblocks. It sounds like your struggles with ADHD make it even more challenging, with videos that are hard to finish and adjustments that feel endless. Here are a few points worth considering: Reconciliation Overload: Constantly reconciling and categorizing transactions can be exhausting. It pulls you away from focusing on your budget. Transaction Overwhelm: Forgetting to check your budget for a couple of days can lead to stress. Suddenly, you have a mountain of transactions to sort through, and that can feel demotivating. Desire for Simplicity: You want a straightforward app that tells you where your money goes without requiring a ton of upkeep. It sounds like what you really need is a budgeting app that automates the headache of categoriz... Searching for a More Automated YNAB Alternative for Budgeting? Answers: https://lnkd.in/gHQtsBfz

#AppleCourier #UberEats #ChargebackHelp #CustomerServiceStruggles Hey everyone! I wanted to share a frustrating experience I’m having and get your thoughts on it. I ordered two MacBooks from Apple, and they decided to use UberEats for delivery. 😳 The tracking said they were delivered to my apartment, but, surprise surprise, they were nowhere to be found! It seems like the driver either delivered them to the wrong place or… well, let’s just say the items might have been snagged. They would’ve had to sign for the delivery, which adds another layer to this whole mess! I reached out to Apple for help, and after looking into the situation with the carrier, they told me, “We are unable to provide a replacement or process a refund.” 😤 They suggested I file a police report, but that doesn’t really help me get my MacBooks back. Now, I’ve heard about chargebacks but have never done one before. Do you think this is a route I could take? 🤔 Here are some concerns I have: Why would the b... Can I Successfully Chargeback for Stolen MacBooks from UberEats? Answers: https://lnkd.in/g3Jz_yQ6

#Banking #ChequeDeposit #Parenting Hey there! So, here's an interesting situation I've run into. My daughter's magazine subscription was cancelled since they stopped publishing, and the distributor sent her a cheque for reimbursement. It's a bummer since she loved that magazine! 😕 Anyway, the cheque is in her name, and when I took it to the bank to deposit it into my account, they told me I couldn't do that. 😟 Now, I’m scratching my head because in the past, I’ve successfully deposited cheques that were made out to her. Has something changed regarding bank policies? Or is it just that different tellers have different rules? Here are a few thoughts I have: Bank Policies: Over the years, many banks have tightened their rules to prevent fraud. Perhaps this is a way to ensure that the rightful owner of the cheque handles it. Teller Discretion: Sometimes, it feels like the person behind the counter has the final say. A different teller might have said yes, which can be frustrating... Can I Cash My Child's Cheque in My Account? What’s Changed? Answers: https://lnkd.in/gG8J75z8

#AppleStock #InvestmentAdvice #InheritedWealth Hey everyone! 🌟 I’m reaching out because I could really use your insights on a family treasure I’ve inherited. A while back, my grandmother, who I dearly miss, gifted me 15 shares of Apple stock from the 80s or 90s. The thing is, she never signed the back of those shares. 🗳️ So now I’m left wondering: do they still hold any value? Here’s what I’m grappling with: No signature issues: Not having her signature could complicate the process of cashing in or transferring the stock. Does that mean I’m stuck with an old piece of paper? Value of old stocks: I know Apple has grown tremendously since then, but what does that mean for something like this? How do I find out the potential current value? Emotional significance: Beyond just monetary value, these shares are a memory of my grandmother. Losing that connection is a bit disheartening. As for solutions, I’m thinking I might need to: Contact a financial advisor: They migh... Can My Unsigned Apple Stock Shares from Grandma Hold Value? Answers: https://lnkd.in/gabcu5Fm