Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

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1500 questions
30
votes
2 answers

Is being asked to pay for business supplies via Bitcoin an employment scam?

I applied online for a job, but my profile does not involve my qualifications, only my age and my name. The next day an email was sent to me by a company based in Florida. I was hesitant at first to accept the employment, but due to the crisis…
clefnote
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4 answers

Possible customer wants me to handle payment to another contractor. Is this a scam or not?

I'm going to do some possible contract work in my field and I've had an offer for some work I found through a reputable venue. However, that venue doesn't handle payments or anything like that. I seem to have negotiated some work, and the person…
user
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30
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6 answers

What happens when a share price reaches £0 in the UK?

With all the coronavirus panic, I was wondering what would happen when the share price reaches £0 for a company, but the actual company itself or their business niche is not that much affected, i.e. the company is still operating and it's far from…
MMT
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30
votes
6 answers

Is putting money in a 401(k) plan risky?

I've been working for a company that offers me a MassMutual 401(k) plan as a benefit. The employer's match is 50% of my contribution. I've contributed 3% of my gross salary to the plan, and planning to increase it. All the money in my plan is…
domino
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30
votes
9 answers

How can a resident of the European Union (not from UK) practically buy stocks?

I'd like to buy a little amount (say, 5000 €) of stocks. I know it's risky, especially for an absolute beginner like me. Maybe you would like to persuade me to start with stuff such as such as mutual funds or ETF (btw, thanks for dissuading me from…
DeltaIV
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30
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7 answers

Someone stated that my uncle died in Canada and there is money for me

Someone contacted me and said that someone with a similar last name died and left me a large amount of money. He gave me information and forms from a bank, and other pertinent information. I then got a message that there is fee and that I need to…
Armen
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30
votes
4 answers

How to retire early without penalty?

Logistically speaking, how would one retire early without getting hit with withdrawal penalties? As far as I know, most tax-incentivised retirement accounts slap you with penalties for making withdrawals before retirement age. Let's assume that I…
ewiggin
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30
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10 answers

How is it possible that some articles on eBay like headphones are cheaper than elsewhere?

I wonder how it is possible that some products are sold on eBay via auctions for oftentimes half the price that they cost e.g. on Amazon? The products that I have in mind are headphones by a quality brand that cost ~120 on most sites (including…
Sebastian
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29
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10 answers

Is it foolish to borrow 2.5X income?

I base this question from USA Today, which claims that median household income is $59,000 and average household debt is $137,000. They say: suggesting that many Americans are living beyond their means. It looks like a lot of this is debt is for a…
Ms Jackson
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29
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5 answers

Should I continue putting additional money towards principal of mortgage?

I have been putting extra money toward the principal of my mortgage since we purchased our home last summer. However, due to circumstances, I have reason to believe we will already be moving in the near future. Is there any reason to continue paying…
quirky purple
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29
votes
8 answers

Does having a credit card make it easier to get a mortgage?

I've never had a credit card and the only debt I have is my student loan. A number of my friends and family who have credit cards have said that having one makes it easier to get a mortgage as you'll have a better credit history and show that you…
user10950
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29
votes
9 answers

Does owing taxes or getting a tax refund imply my paycheck is off?

A thought crossed my mind recently and I was wondering if someone could explain if I'm missing something, and if so what. Simply put, as an individual filing taxes (single, no dependents), taking the standard deduction, working the same job each…
PawnInGameOfLife
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29
votes
6 answers

Why are there many small banks and more banks in the U.S.?

I'm a Canadian and here in Canada, we don't have a ton of banks. We have around 5 or 6 major banks (Scotiabank, Royal Bank of Canada, CIBC, etc.) and basically no others (except a couple of credit unions). The branches of these banks are also pretty…
SamtheMan
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29
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5 answers

Are credit card rewards taxable?

There have been several questions about reward point/loyalty programs offered by credit cards Best Travel Point Credit Cards Best Reward Benefit Credit Cards Easy Comparison of Reward Benefit Cards Should the benefit offered by these reward…
Zephyr
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29
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4 answers

Changing Bank Account Number regularly to reduce fraud

4 others and myself are going through the motions of renting a student accomodation in the UK. So far we have had to pay a holding fee to secure the flat. To do this we were given an account number and sort code to pay for this. We performed the…
Lawrence Coles
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