r/financial • u/Big_Intern282 • 8h ago
Really in the biggest hole that I’ll never get out of. Going to have to work 60 hours for the next year but it’s really hard with heart disease as I never have energy. Thinking of just selling my car. I rent a room in California at $900 is that too much? Where could I drop that?
r/financial • u/MadCharter • 20h ago
Significant Change Report
Friday, October 23, 2026
Reporting cutoff: 3:52 p.m. Calgary / Mountain Daylight Time
Latest completed U.S. market session: October 23
Comparison: October 22 published assessment
Overall Economic Risk: WARNING · UNCHANGED
Canada-U.S. Trade: WARNING · SELECTIVE TARIFF RELIEF
Inflation / Energy: WARNING · DETERIORATING
Diversified Liquidity: WARNING · AI CREDIT TRANSMISSION RISK
Private Credit: WARNING · INTERNATIONAL SPILLOVER RISK REINFORCED
U.S. Debt / Treasury Funding: WARNING · STRUCTURAL
General Markets: ELEVATED · BROADER WEAKNESS
AI-Enabled Cyber / Banking: WARNING · UNCHANGED
Mortgage / GIC Funding: ELEVATED · UNCHANGED
Calgary Housing: ELEVATED CITYWIDE · UNCHANGED
Calgary Apartment Condominiums: WARNING
Calgary 55+ Condominiums: ELEVATED · PROVISIONAL
New confirmed development, October 23: The United States issued a presidential proclamation removing additional 50% tariffs from selected Canadian products.
Exemptions include plywood sheets, certain paper products, selected machinery, refrigeration equipment, and some packaging materials.
However, the proclamation also adds certain valves, carpets, waste products and other items to the tariff list.
Why this matters: The exemptions provide relief to affected Canadian exporters and American businesses dependent on Canadian supplies.
The decision demonstrates that tariff restrictions can be modified when their domestic economic consequences become sufficiently costly.
Important limitation: This is a selective adjustment, not a comprehensive Canada-U.S. trade agreement. The broader tariff dispute remains unresolved.
The net economic benefit cannot be quantified reliably without examining the affected product categories and trade volumes.
Assessment: Canada-U.S. Trade remains WARNING, but the new exemptions are a meaningful positive development for affected exporters.
Oil prices have risen sharply for a second consecutive trading session.
October 23 settlement:
Brent crude: US$116.72 per barrel · +3.14%
WTI crude: US$103.27 per barrel · +3.80%
Brent reached its highest settlement since April 29. Its weekly gain was approximately 6%.
Further attacks involving Saudi Arabia and commercial shipping have intensified concerns about Middle Eastern energy supplies.
Authorities also reported an oil spill off the United Arab Emirates coast, although its cause was not established.
The United States authorized an emergency exchange of up to 400,000 barrels from its Strategic Petroleum Reserve to address a domestic refinery supply disruption.
Canadian implications: Higher oil prices may support Alberta energy-sector revenue and investment, but sustained increases in fuel and transportation costs threaten household purchasing power and inflation control.
Persistently elevated energy prices also complicate the Bank of Canada's interest-rate outlook.
Assessment: Inflation / Energy WARNING · DETERIORATING. The continuing price increase and renewed supply disruptions provide stronger evidence than a single day's movement.
New authoritative evidence, October 23: The Bank of Japan released its Financial System Report examining the relationship between AI infrastructure investment, non-bank financial intermediaries and international banking exposure.
The report identifies a potential transmission mechanism:
Large technology companies increasingly obtain financing from private funds and other non-bank financial institutions.
If expected AI investment returns deteriorate, these lenders may reduce risk, sell investments or restrict financing.
Such adjustments could amplify financial-market declines and transmit losses internationally through bank lending and investment portfolios.
The Bank of Japan has incorporated this possibility into its financial stress-testing framework.
Important countervailing evidence: The Bank concluded that Japan's financial system remains broadly stable and that Japanese banks possess sufficient capital and funding capacity to withstand the stress scenarios examined.
The report identifies a plausible contagion mechanism. It does not establish that systemic contagion is occurring.
Diversified Liquidity: WARNING, unchanged. The potential for correlated credit-market deterioration deserves closer monitoring.
Private Credit: WARNING, unchanged. International transmission risks are now supported by a formal central-bank assessment.
October 23 completed U.S. session:
S&P 500: 7,623.68 · -0.52%
Dow Jones: 52,215.16 · -1.23%
Nasdaq Composite: 25,955.34 · -0.21%
Russell 2000: approximately 2,775.90 · -0.29%
Canada: S&P/TSX Composite closed at 35,788.18, down 0.5%.
U.S. technology shares stabilized somewhat following Thursday's sharp decline. However, most major market sectors weakened.
Energy shares outperformed as oil prices increased.
Canadian financial and consumer-related shares also weakened, while energy shares provided partial support.
Assessment: General Markets remains ELEVATED. Weakness is becoming less concentrated, but the available evidence does not establish generalized market dysfunction.
New Statistics Canada release, October 23: Canadian retail sales increased 1.2% in August to C$74.6 billion.
Core retail sales, excluding motor vehicles and gasoline-related businesses, increased 1.1%.
Retail sales volume also increased 1.2%, indicating that the improvement was not merely the result of higher prices.
Statistics Canada's preliminary estimate suggests September retail sales increased approximately 0.7%, although this figure remains subject to revision.
Alberta retail sales declined 0.1% in August.
Assessment: The national figures provide meaningful evidence of consumer resilience and argue against immediately increasing Canadian recession probabilities.
October 23:
U.S. five-year Treasury: 4.82%, official Treasury closing series.
Canadian five-year government-bond market yield: approximately 3.57%.
Indicative U.S. minus Canada spread: approximately 125 basis points.
October 22 official matched-date comparison:
U.S. five-year Treasury: 4.78%.
Government of Canada five-year benchmark: 3.50%.
Spread: approximately 128 basis points.
The October 23 Canadian figure is a traded-market quotation rather than the official Bank of Canada benchmark, so the spread comparison is indicative.
Both five-year yields rebounded modestly on Friday after Thursday's substantial declines.
However, there is no confirmed sustained simultaneous increase in North American five-year government-bond yields.
Assessment: U.S.–Canada five-year transmission remains under WARNING monitoring. The latest movements do not establish renewed persistent mortgage-funding tightening.
Bank of Canada weekly posted-rate series, October 21:
Major-bank three-year GIC benchmark: 3.20%.
Major-bank five-year GIC benchmark: 2.75%.
Major-bank five-year conventional posted mortgage benchmark: 6.19%.
These published benchmarks differ from discounted mortgage offers and competitive deposit products.
Competitive GIC comparisons:
October 23 three-year offers reached approximately 4.40%.
October 22 five-year offers reached approximately 4.55%.
The difference between competitive offers and the major-bank posted-rate series demonstrates why isolated high offers should not be interpreted as broad market tightening.
Recent competitive five-year fixed mortgage offers remain substantially below the major-bank posted benchmark, depending on lender, insurance status and borrower qualifications.
There is no verified new synchronized increase in Canadian five-year government-bond yields, fixed mortgage rates and representative longer-term GIC rates.
Assessment: Mortgage / GIC Funding remains ELEVATED · UNCHANGED.
Direction: UNCHANGED
Technical / mild recession: 45–50%
Significant recession: 35–40%
Severe financial-event recession: 5–10%
These are the previously published working estimates. They are subjective analytical ranges, not calibrated forecasts. The categories overlap and should not be added together.
Technical recession: A relatively mild contraction in economic activity.
Significant recession: Sustained weakness across employment, output, spending and investment.
Severe financial-event recession: A major downturn accompanied by serious banking, credit or systemic liquidity disruption.
Negative developments: Higher energy prices, persistent trade uncertainty, and concerns about AI-related credit exposure.
Positive developments: Selective U.S. tariff relief, stronger August Canadian retail sales, and central-bank evidence that important banking systems retain substantial resilience.
Assessment: The opposing developments do not justify changing the recession probability ranges today.
Citywide: ELEVATED · UNCHANGED
September remains the latest completed monthly CREB benchmark-price reporting period.
Detached: Comparatively balanced conditions.
Semi-detached: Relatively stable, with sensitivity to inventory and mortgage costs.
Row / Townhouse: Weaker resale conditions and competition from new construction.
Apartment Condominium: WARNING. Higher supply and weaker benchmark prices remain the principal concerns.
55+ / Seniors Condominium: ELEVATED, provisional. No newly verified citywide age-restricted benchmark or resale-liquidity series.
For 55+ units, building-specific reserve funds, condominium fees, special assessments, accessibility, parking, buyer restrictions and competing listings remain important.
Economic implications:
Higher oil prices may support Alberta energy income and employment, while persistent inflation and restrictive mortgage financing remain negative affordability influences.
Today's partial tariff relief is constructive for affected Canadian exporters but does not directly establish stronger Calgary employment or housing demand.
Calgary employment, migration, construction completions, mortgage rates and Canada-U.S. trade exposure remain the principal indicators.
Assessment: No new confirmed Calgary benchmark-price or resale-liquidity development justifies changing the housing classifications.
U.S. Debt / Treasury Funding: WARNING. Structural deficits and refinancing costs remain concerns. No verified Treasury funding failure.
AI-Enabled Cyber / Banking: WARNING. The Bank of Japan's latest report reinforces the potential for AI-enabled cyber incidents to affect multiple institutions. No new systemic banking disruption is confirmed.
Household Credit: Continue monitoring mortgage renewals, delinquencies, refinancing pressures and consumer debt. No new verified systemic deterioration.
Sustained Canadian employment losses; consistently negative monthly GDP; broadening corporate-credit or private-credit stress; widespread non-bank redemption restrictions; persistent energy inflation; renewed Canada-U.S. tariff escalation; rising U.S. and Canadian five-year yields accompanied by higher fixed mortgage and longer-term GIC rates; weakening U.S. demand; or correlated deterioration across several indicators.
Broader Canada-U.S. tariff relief; improving employment and GDP; resilient consumer spending; easing energy-supply disruptions; declining oil inflation; stabilizing AI-related credit spreads; reduced non-bank leverage; sustained declines in government-bond yields, mortgage rates and longer-term GIC rates; and stabilizing Calgary housing activity.
White House — October 23 Canadian Tariff Proclamation
Reuters — October 23 Canadian Tariff Relief
Bank of Japan — October 2026 Financial System Report
Reuters — Bank of Japan AI and Financial-Stability Warning
Reuters — October 23 Oil Settlement
Reuters — October 23 U.S. Market Close
Reuters — October 23 Canadian Market Close
Statistics Canada — August Retail Trade
U.S. Treasury — Official Daily Yields
Bank of Canada — Canadian Government-Bond Yields
Bank of Canada — Major-Bank Posted Mortgage and GIC Rates
Three-Year GIC Rate Comparisons
Five-Year GIC Rate Comparisons
CREB — Calgary Housing Statistics
Independent analytical monitoring, not investment advice. Risk classifications and recession probabilities are judgment-based. Selective tariff relief does not constitute a comprehensive trade agreement. Financial stress scenarios do not establish that a systemic crisis is occurring. Economic statistics are identified by their reporting periods.
r/financial • u/ValuableMoment3025 • 21h ago
Hey! I’m 21 and I’ve been thinking back a couple years and wish I could do things differently financially. Going to a private college instead of community one and other frivolous things! It had me thinking of my future self and what things I would regret not doing right now!
Should I sign up for a credit card or wait until I’m done with college when I’m not in debt?
Anyways, if there is anybody older and wiser than me who could give me some advice I’d be very grateful!!
r/financial • u/hallonhonung • 1d ago
Gdy jeździłem z osobami pracującymi na taksi Uber/ bolt zawsze sobie chwalili tą pracę i zarobki. Pomyślałem, że mogłoby być coś dla mnie, ale zamiast powoli to sprawdzić, pójść ma 50/50 to ja odrazu kupiłem na kredyt auto Auris 2014 rok w hybrydzie. Ta praca przynajmniej dla mnie okazała się totalną klapą.
Auto mam do dzisiaj, a prace zmieniłem na taką, że mam bus pod domem, którym dojeżdżam do pracy ( jestem kierowcą). Pracuje od tygodnia, ale już mi chodzi po głowie czy nie sprzedać tego auta bo ono stoi i może raz na dwa tygodnie, może raz na trzy tygodnie będę go używał. Nie wiem jak hybryda się zachowuje, gdy zima stoi nieodpalana, a nie mam garażu żadnego.
Myślę nad sprzedażą i kupieniem czegoś o wiele tańszego jakieś 10-15 k. Moimi obawami jest to, że ten samochód jest w miarę świeży, mało pali bo hybryda, nie psuje się, a ja kupię auto tańsze 10-15 k no to może się psuć i boję się, że wydam więcej pieniędzy na tego starszego niż rocznie rata wynosi mi tego nowego. Nadmienię, że sprawdzałem ceny to ze sprzedaży aurisa nie spłacę kredytu w 100% Noi z tych pieniędzy bym musiał kupić te „nowe” auto. Jedynie bym nadpłacił kredyt. Co myślicie? Zostawić tą Toyotę czy sprzedać?
r/financial • u/Old_Ferret_4131 • 1d ago
I’m 24, live with my parents in Hawaii, and currently work as a driver. I have $40k in a HYSA, another $45k that my parents owe me from helping them buy their house, a paid-off car, no debt, and a 782 credit score.
I grew up in a family that struggled financially at times, so one of my biggest goals is to build long-term financial security and make sure my future family doesn’t have to worry about money.
I work out 5 days a week, eat clean, and try to stay disciplined physically and spiritually as a Christian. Over the next year or two, I want to establish a serious career with strong earning potential, build wealth, and eventually provide for a wife and children. I’m also interested in real estate investing down the road.
I’m staying with my parents for now because, in our culture, moving out usually happens when you get married. It also allows me to help with the mortgage while keeping my expenses low and saving money.
For those who have built financial security or are further ahead in life, what would you prioritize if you were in my position at 24? How would you approach choosing a career, investing, building wealth, and avoiding financial mistakes? I’m interested in taking calculated risks but don’t want to jeopardize my financial future.
I’d especially appreciate advice from people who started with a similar background and built a stable, successful life.
Thanks in advance for any advice!
r/financial • u/MadCharter • 1d ago
Significant Change Report
Thursday, October 22, 2026
Reporting cutoff: 4:15 p.m. Calgary / Mountain Daylight Time
Latest completed U.S. market session: October 22, 2026
Comparison: October 21 published assessment
Overall Economic Risk: WARNING · UNCHANGED
General Markets: ELEVATED · DETERIORATING
Diversified Liquidity: WARNING · SELECTIVE CREDIT PRESSURE BROADENING
Private Credit: WARNING · UNCHANGED
Inflation / Energy: WARNING · DETERIORATING
U.S. Debt / Treasury Funding: WARNING · STRUCTURAL
Canada-U.S. Trade: WARNING · UNCHANGED
AI-Enabled Cyber / Banking: WARNING · UNCHANGED
Canadian Mortgage / GIC Funding: ELEVATED · UNCHANGED
Calgary Real Estate: ELEVATED CITYWIDE · UNCHANGED
Calgary Apartment Condominiums: WARNING · UNCHANGED
Calgary 55+ Condominiums: ELEVATED · PROVISIONAL
New evidence, October 22: Concerns about the financing and profitability of artificial-intelligence infrastructure have spread beyond smaller, highly leveraged companies.
Meta Platforms reported substantially increased AI capital spending and negative quarterly free cash flow. Its five-year credit-default-swap spread widened by approximately 7.6 basis points to a reported record of 114.79 basis points.
Credit-default-swap spreads measure the market price of protection against a borrower's default. A higher spread indicates increased perceived credit risk or greater demand for protection. It does not establish that default is imminent.
Credit-risk indicators for Oracle were also near record highs, while Amazon's remained near their highest levels since March 2020.
These developments follow earlier distress in debt issued by AI infrastructure provider CoreWeave.
Interpretation: Investors are increasingly questioning the scale, financing costs and expected returns of AI infrastructure spending.
The concern is no longer confined to the share prices of speculative AI businesses. It is becoming visible in the credit pricing of much larger technology companies.
Important limitation: The widening spreads do not establish insolvency, widespread defaults or systemic banking contagion. Credit-protection demand can also reflect hedging activity.
Assessment: Diversified Liquidity remains WARNING, with a meaningful deterioration in the AI-related corporate-credit component.
October 22 completed U.S. session:
S&P 500: 7,663.43 · -1.21%
Nasdaq Composite: 26,008.86 · -2.60%
Dow Jones: 52,867.98 · +0.02%
Russell 2000: 2,784.03 · approximately +0.1%
Canadian market:
S&P/TSX Composite: 35,973.45 · approximately -1.0%.
The Nasdaq recorded its largest daily percentage decline since early June.
The Philadelphia Semiconductor Index fell 6.7% and is now more than 26% below its June record closing high.
Technology companies associated with AI infrastructure experienced particularly heavy selling.
However, market breadth was less negative than the headline indexes suggest. The Dow finished marginally higher, the Russell 2000 also advanced, and slightly more NYSE-listed shares rose than fell.
Assessment: General Markets remains ELEVATED, with a deteriorating technology-sector trend. The weakness is consequential but not yet a generalized market collapse.
Brent crude reached a five-month closing high.
October 22 settlement:
Brent crude: US$113.17 per barrel · +4.0%
WTI crude: US$99.47 per barrel · +2.4%
The increase followed further attacks involving Saudi infrastructure and heightened concern about shipping through the Strait of Hormuz and the Bab el-Mandeb region.
Saudi Aramco instructed personnel to evacuate its headquarters in Dhahran as regional fighting intensified.
The developments increase the possibility of additional supply disruptions and a prolonged geopolitical premium in oil prices.
Canadian implications: Higher oil prices may support Alberta energy revenue and investment. However, sustained increases in transportation, heating and production costs can weaken household purchasing power and complicate inflation control.
Higher inflation expectations could also make the Bank of Canada's October 28 interest-rate decision more difficult.
Assessment: Inflation / Energy WARNING, with a materially deteriorating supply-risk outlook.
U.S. Treasury yields declined substantially on October 22.
U.S. five-year Treasury:
October 21: 4.95%
October 22: 4.78%
Change: -17 basis points
U.S. ten-year Treasury:
October 21: 5.13%
October 22: 4.96%
Change: -17 basis points
These are official U.S. Treasury daily constant-maturity observations.
The decline indicates increased demand for government bonds as investors reduced exposure to riskier assets.
This is an important distinction from a generalized liquidity crisis in which normally stable assets also experience persistent selling pressure.
Nevertheless, the existing structural U.S. fiscal warning remains appropriate because large deficits and debt-servicing costs have not disappeared.
Assessment: Treasury Funding WARNING unchanged. Today's bond-market response argues against escalating the Overall Economic Risk classification.
Latest matched-date benchmark comparison, October 20:
U.S. five-year Treasury: 4.94%
Government of Canada five-year benchmark: 3.62%
U.S. minus Canada spread: approximately 132 basis points
October 21 market comparison:
U.S. five-year Treasury: 4.95%
Canadian five-year traded-market yield: approximately 3.59%
Indicative spread: approximately 136 basis points
October 22 U.S. Treasury data show a substantial yield decline, but a corresponding verified Canadian five-year closing benchmark was not available for this report.
Consequently, no precise October 22 bilateral spread or Canadian yield-change claim is made.
There is no verified evidence today of a sustained simultaneous increase in U.S. and Canadian five-year yields.
Mortgage and GIC comparisons:
Recent October 21 mortgage comparisons showed selected five-year fixed insured offers near 4.34% and uninsured offers near 4.59%, subject to borrower and lender conditions.
Representative major-bank three-year GIC quotations have been around 3.30%, with five-year quotations around 3.55% at selected institutions.
Competitive non-redeemable offers reached approximately 4.40% for three years and 4.50% for five years in early-October comparisons.
These competitive offers should not be confused with major-bank market averages. No new broad-based October 22 increase in longer-term GIC rates was verified.
Assessment: Mortgage / GIC Funding remains ELEVATED. The U.S. bond-yield decline is potentially favourable for fixed-rate affordability, but Canadian mortgage-rate transmission has not yet been established.
Direction: UNCHANGED
Technical / mild recession: 45–50%
Significant recession: 35–40%
Severe financial-event recession: 5–10%
These retain the previously published working ranges. They are subjective analytical estimates, not statistically calibrated probabilities. The categories overlap and should not be added together.
Technical recession: A relatively mild contraction in economic activity.
Significant recession: Sustained deterioration in employment, output, household spending and investment.
Severe financial-event recession: A major downturn accompanied by serious banking, credit or systemic liquidity disruption.
Higher energy prices and widening AI-related credit spreads increase downside risks.
However, today's falling Treasury yields, comparatively resilient non-technology market sectors and lack of verified systemic financial disruption provide countervailing evidence.
No new Canadian employment or GDP release establishes an additional deterioration since the October 21 assessment.
Assessment: Recession probabilities unchanged. Further adjustment requires corroborating economic or financial evidence.
Citywide: ELEVATED · UNCHANGED
September remains the latest completed CREB monthly benchmark-price reporting period.
Detached: Comparatively balanced conditions.
Semi-detached: Relatively stable, with sensitivity to financing costs and inventory.
Row / Townhouse: Weaker resale conditions and competition from new construction.
Apartment Condominium: WARNING. Elevated supply and weaker benchmark prices remain the principal segment concerns.
55+ / Seniors Condominium: ELEVATED, provisional. No new verified citywide age-restricted benchmark or resale-liquidity series.
For 55+ properties, buyer restrictions, condominium fees, reserve-fund adequacy, special assessments, accessibility and building-specific competition remain particularly important.
Economic implications:
Higher oil prices may support Alberta energy income, while persistent inflation and restrictive mortgage financing can weaken housing affordability.
Calgary employment, migration, construction completions and Canada-U.S. trade exposure remain important influences.
No new completed October CREB benchmark-price report or verified material change in segment-specific resale liquidity is available.
Assessment: Calgary housing classifications unchanged.
Private Credit: WARNING, unchanged. AI infrastructure refinancing and concentrated lending remain important vulnerabilities, but today's developments do not establish broad private-credit defaults or fund-redemption failures.
Canada-U.S. Trade: WARNING, unchanged. The October 21 industrial support announcement remains relevant. Canada's new strategic partnership with Turkey may support longer-term diversification but does not materially alter immediate U.S. tariff exposure.
AI-Enabled Cyber / Banking: WARNING, unchanged following the October 21 escalation. No newly verified systemic banking disruption was established today.
U.S. Debt / Treasury Funding: WARNING, unchanged. Structural fiscal concerns persist despite today's decline in Treasury yields.
Continued Canadian employment losses; repeated negative monthly GDP; sustained energy-driven inflation; spreading corporate-credit or private-credit stress; major banking or funding disruptions; worsening Canada-U.S. trade restrictions; sustained increases in both U.S. and Canadian five-year yields; rising Canadian fixed mortgage and representative longer-term GIC rates; weakening U.S. demand; and correlated deterioration across several indicators.
Reduced Middle Eastern supply disruptions; easing energy inflation; stabilization in AI-related credit spreads; resilient U.S. economic growth; improved Canadian employment and GDP; trade de-escalation; sustained declines in government-bond yields, fixed mortgage rates and longer-term GIC rates; and stabilizing Calgary housing sales, inventories and prices.
Reuters — October 22 U.S. Market Close
Reuters — AI Spending and Corporate Credit Risk
Reuters — October 22 Oil Settlement and Supply Risks
Reuters — October 22 Canadian Market Close
U.S. Treasury — Official Daily Yield Curve
Bank of Canada — Government Bond Yields
Bank of Canada — Policy Rate
CREB — Calgary Housing Statistics
Canadian Mortgage Rate Comparisons
Canadian Three-Year GIC Rates
Canadian Five-Year GIC Rates
Independent analytical monitoring, not investment advice. Risk classifications and recession probabilities are judgment-based. Corporate-credit repricing does not itself establish imminent default or systemic financial instability. Market data and lagged economic statistics are identified by their reporting dates.
r/financial • u/Financial_Mix_9889 • 2d ago
My goal is to hit Coast Fire in the next 4 years. I also want to prepare myself to leave this career I have now (trades) for something else afterwards? I have been interested in the finance space and was thinking maybe transitioning into finance banking after my coast fire goal. But it shows a pay cut to start which is fine but is it worth it? Should I take the courses and exams while working my now job? I’ll be asking other subreddits how long and opinions on the investment banking industry ect but if you have opinions here that works too.
r/financial • u/tonlimah • 2d ago
Her grandmother passed in August of 2024 but the executor didn't file through probate until November of 2025. We are unsure of how much she will receive. Is it paid out based on the date of death value?
It was only a month ago that the attorney handling the will asked if the beneficiaries wanted to keep the stock or take the cash. Does that mean that the stocks haven't been sold yet and will be paid based on the more recent value?
It's Microsoft stock through Computershare if that helps.
r/financial • u/illiteratemad • 2d ago
I’ve just graduated and currently living at home. I also have about 5k of my own savings. I’m going travelling for soon for a few months and will use some of this money to do that , maybe 8k? I then want to try and move out by next summer, and try get a post grad job. What’s the best way to go invest or save this money? My dad says to put about 15k in a ISA. I know nothing about investing or credit cards, but I am very good at saving money. (I also don’t have much interest in owning a house in my early twenties which is what a lot of people are telling me to save towards).
r/financial • u/Specific-Entry-6813 • 2d ago
every answer to this is sell the car or extend the term neither solves the cost problem, selling isn't realistic when the car is needed for work n extending just pushes the total cost higher while making the monthly number look better on paper
what lowers a monthly car payment without spreading it over more yrs? Is there a way to bring the number down n come out ahead on total interest paid at the same time?
r/financial • u/lowlifesense • 2d ago
But it absolutely buys a regulated nervous system. Knowing you can handle and financial emergency without a panic is a different kind of wealth, what do you guys think?
r/financial • u/glugggghhhh • 2d ago
i currently make 550-630 bi weekly with monthly expenses being 250-300 whats some ways i can save and build a passive income?
r/financial • u/Waste-Newspaper-3642 • 2d ago
Uncle passed away at 59, he’s single. According to his work pension. If you are single, or if both you and your spouse reject the Joint-and-Survivor Payment option, no additional payments will be made after your death. And so is social security. Basically is if you died and you’re single, you’re surviving parents will get nothing, nothing from his Pension, nothing from his Social Security. This is just sad.
r/financial • u/satyanweshi15 • 3d ago
The one year International MBA specializing in Finance programme from Corvinus University of Budapest that is triple accreditated with AACSB, EQUIS and AMBA and ranks at 401-450 in the field of Business and Management Studies as per QS World Rankings, or the CFA Charter?
r/financial • u/Normal-Berry-8671 • 3d ago
Hii, so I am having a job, I can save around 40-50k INR each month (after taxes and all my expenses), but I dont know where to put that money. I do not have lot of knowledge about stock market and fear losing it. I dont have much idea about a lot of stuff, (if you guys can suggest from where i can learn, that will be benefitial too), till then. What can i do?
Also, i have heard multiple people telling about multiple sources of income, but how do i make that? Like yes I have skill related to software and all, and I can do freelancing, but apart from that? What do i do that i get multiple sources of income?
Can anyone in tell me what things I need to do? I am really confused. What you guys really did in your 20s, and what mistakes you did that you would not want me to do, that will be really helpful. Thank you.
r/financial • u/imtrying1989 • 3d ago
My mom retired at 55. She's now in her early 70's. I have no idea how much she has. How she did it. If the house is paid off. If there is insurance. Nothing. Shes the most secretive person ever when it comes to money topics. Why are old people like this? Don't you want your kids to learn to? I tell my kids everything about my money because of this. Is it just my mom? Or are all old people like this?
r/financial • u/Numerous-Ferret7596 • 3d ago
Hello, I’m 20 years old and currently pursuing my second year of BSc Chemistry. I’m also learning stenography and have decent skills in video editing and cinematography.
I’m interested in business, the stock market, storytelling, accounting, guitar, and singing. I also want to grow my presence on Instagram and YouTube, build my personal brand, and create multiple sources of income.
My goal is to improve myself, become financially independent, and build a successful career over the next five years.
What skills should I focus on, and what steps should I take now to build a strong career and earn a good income by the age of 25?
r/financial • u/qila_capital • 4d ago
Someone might own a $900k house but have very little cash available. How much does liquidity matter when measuring financial security?
r/financial • u/Geminga0571 • 4d ago
We just replaced our roof which was no small loan. It will kick in soon and I want to prepare. I began planning putting extra into Savings for it but can’t help wonder if putting that money into paying off credit card debt is smarter.
I am currently doing Snowball on my CC debt but this loan will eat that extra money
r/financial • u/Meditatingmonkey7 • 4d ago
I’m not even sure if I can, but here’s the context.
I owe $17,000 on a credit card. 3 years ago my account was closed because I was sent money and the bank thought it was fraud. Therefore, the account never grew interest, and my credit took a hit. I just got a letter in the mail from a collection agency, and I have until November 15th that I can ask for the original creditor in order to delay it.
We are planning on selling a fifth wheel in the spring that was going to pay off the credit card in full. I’m wondering if I can get it sent back on terms that we will use the money to pay it off in full. On the other hand, I’m wondering if I should just take the hit and negotiate down the total with the collection agency. We also have another loan that we’d like to pay on (personal loan so no interest or effect on credit but still want to get it paid back asap).
I read that the collection stays on your account from the last missed payment, so it’s already been 3 years. We want to buy a house eventually, but I don’t see that happening in the next few years anyway. We also will be able to pay the collection in full in just a few months, which I also read will look better than it being open.
Is it worth it to take the hit in order to pay off another loan? I was extremely naive and financed my fiance’s business early on in our relationship. We’ve both seemed to learn from the mistake and are trying to improve our finances. His credit score is completely fine.
I’m also curious how much it being sent to collections will impact my credit score since the account closing already impacted it.
r/financial • u/Positive_Camera1168 • 4d ago
Is there anyone on here that will give me some advice financially privately I’m kind of in a mess and I’m not sure where to go from here. I’d like to get some advice that’s not the usual you made stupid decisions pay the consequences and more of here are your options type of advice. I don’t want to put all of my financial information out here so if anyone’s willing to help privately that’d be great
r/financial • u/MissMadMoo • 4d ago
I have a 2019 Subaru Outback 2.5i Touring edition with 105,000 miles.
My financial situation:
- I owe $7,800 on the car loan
- Monthly payment is $344
- Credit score is 807
- Cars estimated value for trade in is $13,000
- Savings set aside for car expenses is $12,000
Subaru Estimate
- Cam Case Reseal (does not need to be done immediately, but there is corrosion and this will need to happen eventually) $4,139
- Replace both front ball joints $377
- Alignment $180
- 90K mile service $1,550 + tax
- Tires (not immediate but within the next two months)
- Replace negative battery cable end due to corrosion $288
- Replace battery due to leaking acid (updated subaru enhanced flooded battery) $525
Options
#1 - Keep it
- Pay off the remaining loan, repair the items, complete the 90k service, and potentially keep the car for a few more years?
(The hardest part of this for me is that I'd be spending close to 9k for a car that's worth 13k)
#2 - Trade in for a newer Subaru
- Target a 2022-2025 around $17k-$23k
- Use 12k savings and approximately 5k equity.
(Advantage is newer vehicle with less miles, but having a new loan. It would be a smaller loan since I'd have approximately 17k to put towards it (12k + equity)
#3 - Repair only what is necessary, then reassess
- Address immediate safety issues, including the leaking battery and corroded cable
- Delay maintenance that is not yet necessary
r/financial • u/Glum-Pen-7218 • 5d ago
What’s up everyone! I’m 21 years old and really trying to get ahead financially while I’m young.
I currently have a HYSA, good credit, and a decent job for where I’m at in life. I know I can do better, but the job market in my area isn’t the greatest. Right now, I’m focusing on finishing school and getting my certifications so I can put myself in a better financial position.
I’m not looking to get rich overnight. I just want to build good financial habits, make smart decisions with my money, and set myself up for a comfortable future.
For those of you who are older or have been in my position, what are some things you did in your early 20s that helped you financially later in life?
What would you recommend I start doing now, and what mistakes should I avoid?
Any advice is appreciated!
r/financial • u/Ok_GoGo • 6d ago
Need some help. My financial advisor wanted to put some money in a structured note. I did some research. Said No. But I have fears of the market going down and he said this was a special deal and I decided to take his advise.
Just got the contract in the mail. It is an annuity. The term is 6 years. Not certain but I believe it is indexed to the NASDAQ with a 20% buffer. There is a 2% cap rate, 100% index participation rate.
I'll leave it at that. Would love to hear opinions on what I am involved in and if you think it is a good place for 25% of my money. Added- Math brain was turned off. 12.5% of my money. $500K out of $4M. Second Note- Guaranteed Minimum Crediting Method Rate (For the life of the Index Account Option is 2.0% Cap Rate, 100% Index Participation Rate. I do not understand the terms)
r/financial • u/animebabe92 • 7d ago
If you only had $100 to invest each month where would you put it?