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I send money here and there to a family member in her 60s via paypal. Shes on a fixed income amd sometimes needs money for food or medicine. Its usually smaller amounts like $20 a few times a month. In my bank statement it shows up as a paypal transaction to 'Psychic Jane'. I don't want to offend her by asking her to change the name as I know she stopped doing readings anyways. But if I apply for a loan I worry itll make me look bad? Ive sent her $100 at a time and it looks like im paying for a psychic several times a month.

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  1. She admitted fault. She was at fault, but the problem is we have no idea if there was any damage to the other driver's car previously.
  2. We're insured. $500 deductible. No accidents in recent history.
  3. Our car has 0 damage. The other car had scrapes to bumper. They exchanged info amicably.
  4. The other driver took the car to a reputable body shop that has a $1,000 estimate for labor/parts to inspect damage and repaint. It seems reasonable-ish. They also cite optional costs for parts/labor that might be damaged and need to be replaced. Those would be another $500-$700.

Should we submit the claim? Money is tight, but I think we could make it work. I just don't know how to anticipate what the impact on rates would be.

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They called, ask if I was (my name), and I said I was. They said I owed some amount of money to some radiology firm I've never heard of, so I told them I've never heard of them. They said I made a payment on the balance before, and that it went through my insurance, but I told them I've never heard of them and don't remember making any payments, since I haven't. They said it was connected to a surgery I did have last year, and I said I did have that surgery, but I've never heard of this people. They listed my address, which was correct, but they got my birthday wrong by about 10 years. So the debt collector said, "Okay, I'm writing down a note, thank you for your time" and hung up.

I'll have to look through my insurance claims to see if this random-ass radiology firm did submit a claim, but what should I do? If they submitted a claim, why are they billing me still - wouldn't this be balance billing? And how can I owe money to someone I never entered any agreement with?

submitted by /u/Kwahn
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I just finished my first year of college, and I'm not sure what I should be doing with my money at this point. I have about $100 invested in miscellaneous stocks through Robinhood that has made me a few dollars in a couple of months, but I'm pretty sure there is something more effective that I could be doing that I am not aware of. I also have a checking account, but is there anything else that would be more effective at earning or saving money? I have looked into savings accounts but I haven't opened one, as the monthly fee will be much more than I would earn in interest.

submitted by /u/nstran541
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In march 2019, I paid my taxes in full. But about a week ago i got a letter from the IRS saying i need to pay my taxes. It is official because the amounts and information is correct and says i need to pay on the IRS website. Ive already confirmed with the IRS the payment was received. Do i need to do anything else with the notice? Do i need to submit any proof such as statements even though the payment did go through?

submitted by /u/SoldMyMom4Kfc
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Would using every paycheck I get in a year (making 70k) be a good idea to pay off my student loan debt (55k)? Would it keep it from gathering way to much interest and would it be smart financially to live off of my husband salary (70k + military. We have been for the last two years) and use mine to pay off my debt? Or make high payments and use the money I make for living, savings, etc. Itd take +- a year I estimated but unsure if that’d be a good idea.

submitted by /u/asuzette
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Hello PF,

It's been a "hot minute" since I was in grad business school so I've forgotten a lot of what I had learned. Sorry. I located this website https://mustardseedmoney.com/federal-government-pension/ and couldn't recreate the posters "table 4."

I'm attempting to develop a comparison of a job with a pension and that worth, as compared to just a career that offered only a higher salary (no pension), and more so, how much more in salary a person would need to make to make it worthwhile to leave the pension provided position. *I'm aware of the many other factors that go into this type of decision, I'm solely referencing salary at this point.* :-)

So what I've calc thus far is this:

JOB A:

Rate of return: 2.89%

Periods: 17 (assumes person retires at 58 years old and lives until 75)

Pension: $77,220

Payment per yr: 1

NPER: 17

FV: (2.89% , 17 , -77,220) = $1,664,891.62

Ok now here is where its tricky. Using the age 38 years old, what salary increase would a person have to have in order to leave that $1.6 million pension? Assumed a 24% tax bracket.

Job A: 100k with the 1.6 mil in pension (retiring at 58 & living until 75)

Job B: $X dollar amount, starting at 38 years old & retiring at 58, living until 75. Lets say at 38 this person was offered a salary of 120k, a 20k difference. Or heck even a 30k difference. If it was say a 100k increase, going from $100k to $200k per year, I'd think that is definitely worth it but how can I calc that to state it as a fact?

How do you calc that future proposed salary's worth? Does that make sense?

Thank you in advance for anyone that can figure that out. Not sure if other factors are missing. Both positions would offer some kind of 401k so I left that out.

submitted by /u/Mhsclassof00
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My parents bought the policy 24 years ago. I'm now stuck paying the annual premium which is $423. The annual dividend is $135. The Total Current Cash Surrender Value is $13,696.73. I'm in my mid 20s, healthy, single, no kids and have no interest on keeping it unless I benefit from it while I'm alive. Any ideas?

submitted by /u/cloudycoolday
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I have recently been working for a school district. Im currently in the technology department. My team is only 4 strong with 13 sites to manage. My salary is extremely low . $40000. My contract ends on June 30. I recently received a job offer of $70000. To work at a smaller school. Only one site. Work load will drop dramatically. I feel guilty leaving my team knowing that we are streched thin. I have my family I need to support and I know I can't make ends meet at my current job. I lm so confused or lost for words when I want to mention it to my boss. I have now idea how he will react being that we have so many projects to complete. Some advice please.

submitted by /u/Techyray
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Hi. I’m an 23 years old, and I have been thinking that it’s time to invest money. I have a decent amount of savings in my bank account and I don’t want my money to rot there. Any suggestions where I could possibly invest?

I am looking forward in earning money through investment so that I can be more assured of my possible expenses in the future as well as in emergencies.

submitted by /u/ConnectImprovement
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