Reddit Feeds

Sign up and stay connected to your favorite communities.

sign uplog in
Stickied postModerator of r/personalfinance

30-day challenges

We are pleased to continue our 30-day challenge series. Past challenges can be found here.

This month's 30-day challenge is to Update your resume, get an internship, keep your wardrobe updated, or ask for a raise.

You've successfully completed this challenge once you've completed any one of these steps.

Why is this important?

A 40-hour work week will take up about 24% of the 168 hours you have available in the week. If you're getting the recommended 8 hours of sleep, 36% of your day is spent at work.

This is why it's important to have a job that provides you with both income and personal happiness.

Even if you're gainfully employed and not thinking of jumping ship, you might still want to consider dressing for success, keeping your resume up-to-date, or even asking for a raise.

1. If you're a student who is free this summer and haven't done so already: get yourself an internship!

Taking an internship or co-op while you're an undergrad is by far one of the most effective career boosters out there, and can still benefit you even if it's unpaid. It allows you to network, get real world experience, get professional feedback, and other important things.

So if you haven't done so, consider building your resume with intern experience, especially if you're free this summer. Speaking of resumes...

2. Keep your resume up-to-date and constantly seek feedback

Even if you're not jumping ship, optimizing your resume and keeping it up to date is still important. Here are some good resources for resume building:

If you have a professional profile (like LinkedIn, professional societies, or trade societies), make sure you update that too!

And one final thing: Don't forget to polish up your interview skills if you're going to go job hunting.

3. Remember to dress for success

In the workplace, you should keep your hair neat (facial hair included!), your clothes should properly fit, and your outfit should be clean. Appearances and first impressions matter, and one source states "41 percent of employers said that people who dress better or more professionally tend to be promoted." (Source)

If you are out interviewing, make sure your suit or outfit is appropriate for the interview. There is also /r/femalefashionadvice and /r/malefashionadvice to help you on your way.

4. Consider the best time to ask for a raise or promotion

Remember to do your research on this one before acting on it. A lot of raises are dependent on company policy, timing, negotiation skills, negotiation tactics, and several other things.

Here are some good sources on asking for a raise:

Related Subreddits:

Stickied postModerator of r/personalfinance

If you need help, please check the PF Wiki to see if your question might be answered there.

This thread is for personal finance discussions, questions, and sharing your success stories:

  1. Make a top-level comment if you want to share something positive regarding your personal finances!

    Instead of posting individual threads for positive success stories of how you've funded your emergency fund, made progress on your debt, saved for a future goal, reached a certain net worth, or anything else you would like to share, let's consolidate everyone's stories into one weekly thread!

  2. Please make a top-level comment if you want to ask a question! Also, please don't downvote "moronic" questions! If you have not received your answer within 24 hours, you can feel free to start a discussion.

A big thank you to the many PFers who take time to answer other people's questions!

For past threads, please search the Weekly Archive.

Comments are locked

Spouse and I have $25,000 that we don't need access to until January 2020. We already have a strong emergency fund set aside, personal IRA's, and TSP (dual military couple). What is the best way to invest this amount in such a short term?

Edit 1: It looks like we will be going with a CD, thank you, everyone, for the valuable input!

Posted by7 hours agoGilded1

I've been following the PF flowchart (from this wiki page) for years now working my way through it and I've been surprised how much progress I've made. It has given me a "What's next?" focus and set of goals to work towards in the context of an overall vision. It's also directed me away from some things which might have been distractions or less optimal (e.g. paying off a <2% low-interest debt just because it's debt vs. investing that money).

I got off the phone with my financial advisor I've also had for years and he was genuinely impressed with the direction, progress, and focus my wife and I have made. And the independent advise he has given has been in-line with the flowchart here in PF (I haven't mentioned the flow chart to him).


So I was stupid a few years ago and racked up credit card debt. I applied to graduate schools and used my credit card to pay for consultants and GMAT prep. I kept spending money thinking I'd make money once I got a nice job after. I did get a nice job but then I got married, bills got larger, we moved to a better apartment. My wife started going to grad school so I started supporting her. Our car broke down. Got a new one using the credit card as down payment to have a $200/month car payment. I have managed to put 1.5K a month towards credit card repayment but it seems to not be making a dent for the past 3 years since stuff comes up. The rest of my saved money goes to building up an emergency fund and house down payment. We're almost ready to have a kid after my wife graduates next year so I've been feeling the extra pressure to save.

My boss told me today I'd be getting a 23K bonus with taxes and fees taken out that will be 16K. I have no clue the best way to tackle my financial issues.

Card APR% Balance
Chase Southwest 22 21,000
Chase Freedom 17 3,500
Chase United 20 4,800

Should I pay off the smaller balances first or tackle the largest? The southwest card is hitting me with a $300 monthly interest charge. The majority of my 1.5K a month goes to that but I'm barely making more than minimum payments on the other cards. Should I just keep the bonus and slowly keep paying off my debt. If I can keep the bonus as the emergency fund and house down payment and see if I can pay a bit more towards the cards?




  • Online survey of 1,045 U.S. consumers between the ages of 18 and 34 during February and March 2018.

  • Avg Debt Calculation = Total debt across U.S. 18-34 y.o. members of Credit Karma (CK) for March 2018 divided by total number of U.S. millennial CK members for the same month.


Key Findings:

  • 39% of respondents spent money they didn’t have to keep up with their friends.

  • 73% of those who went into debt to keep up with their friends typically keep it a secret from their friends.

  • 27% of respondents don’t feel comfortable saying “no” when one of their friends suggests an activity they can’t afford.

  • Two-thirds of respondents feel buyer’s remorse after spending more than they had planned to on a social situation that they later regret.

  • 36% of respondents doubt they can keep up with their friends for another year without going into debt.

  • How much do millennials spend?* Amount spent over the weekend|** % of respondents** :--|:-- $100 or less|69% $101-$250|15% $251-$500|16% Over $500|7%

Does not take into account COL differences.

Discussion: Inherent issues with sample collection; otherwise interesting article to begin a discussion on life style creep and modern take on the adage “Keeping up with the Jones”


My partner and I have been trying to save for an out of state move for the past 5 months but hadn't really saved up anything substantial until last month. Both of us are early twenties and have decent jobs for our age. We were just trying to "spend less money" in a very vague sense. Obviously, not having a concrete budget kept us from saving anything at all. I think in the first three months, we managed to save maybe $100 total.

I read a ton of posts on here about budgeting and saving. I sat down with my partner and we went over everything we were spending our money on. We were averaging $500 a month each (so $1000 total!!!) in going out to eat and another $200 each going clubbing with friends! We came up with a game plan to make Sunday night into a meal prep date night and started asking our friends to go to the local museum (free on Wednesdays! And only $5 every other night) or similar cheap/free local events (another benefit from this is fewer hangovers and even our friends are losing some weight and saving more money). The hardest thing for me was quitting my daily Starbucks run, but now I'm really starting to enjoy making a coffee every morning while I pack my lunch (saves an extra $30 a week!!)

Guys, we saved $600 each just this month. And we'll probably save more since we had a couple burned meals and forgotten lunches. On top of that, I feel like our relationship is a lot better. We now cook dinner together basically every night, going out is a monthly treat that's really exciting instead of something we do twice a weekend, and we get to watch ourselves make progress towards a huge goal.

All I can say is thank you. I couldn't have done this without all of your hard work and passion. Thanks for making a lifelong dream into a reality. We're thinking we'll be able to move by October.

Comments are locked



I'm sorry if this is a bit long or unclear, this is my first time posting here and I'm not sure where else to go or what to do.

I am a 22 year old national guard soldier trying to get back into the local university. I just got back from years of training and am trying to I'm to readjust to being a civilian again. I am working part time in addition to regular monthly drills and don't make a lot. I also don't spend a lot and have been putting most of what I make into savings. Filing taxes was fairly easy and turbotax allowed me to check my credit score as I had filed with them.

I haven't really tackled credit whatsoever before this as I had been an incredibly impulsive person before the military and worried that I'd go out of control with credit. So I didn't touch it and instead developed a healthy habit of saving and budgeting before even considering getting a credit card. I know I was stupid to not regularly check it earlier, but I thought the second best time was to do it now.

Turns out my credit score is dismally low as there is more than 30,000 dollars of debt in my name which is more than triple of what I have saved up over years. My mother has opened three accounts in my name and while she has been making the minimal payments on time, she's racked up a tremendous amount of debt. Some of the cards were opened as early as when as I was 2 years old.

I have documentation of everything that has happened, with each page of account information saved as PDFs.

I have spent the past couple of days trying to not panic, I've confronted my parents and am currently looking for cheap apartments so I don't have to live with them anymore. However, I don't know what to do beyond that, really. 30K of debt is enormous and I don't even make that in a year. I don't even know how to BEGIN tackling this. I just know that I'm heartbroken and I feel absolutely betrayed. I never thought my own mother would steal my identity.

Should I put off college and try to pay it off by working more jobs? Should I stay living with my parents to save on rent? What should I do to tackle this debt and fix up my financial situation so I can move on with my life? I don't want to be my parent's piggy bank anymore.

UPDATE: Equifax has me quoted at 481. When I opened CreditKarma it asked about a possible home mortgage made in January 2016 that I do not see in my report. I do not have a mortgage. I hope this is a mistake and that there was no mortgage made in my name. The cards that are there have me as an authorized user, thank god. There are still 5.5k in loans, however, and the fact that my mother wants me to pay the student loan that is in her name. Her listing me as an authorized user, however, may still lose me my clearance and thus my job in the military. I will be speaking to NCOs tomorrow regarding what to do next and the status of my clearance. In regards to the years of training (i lost track of your comment I am sorry), I had to learn a new language in addition to AIT. This took two years.

UPDATE 2: The mortgage thing has been explained. Thank you. I am an authorized user on the two accounts but have never been given a card nor been informed of the existence of these accounts. I have simply been associated with her rotten credit it would seem. I do not know why I am listed as an authorized user as I have signed nothing and have never touched credit in my life until checking my credit a few days ago. I doubt this is reportable to the police, and will be talking to the financial and legal support provided by the military tomorrow. Thank you all for your advice!

UPDATE 3: A lot of people questioning my military service. Understandable as my situation is strange. I am an E4 35P who has recently got out of TRADOC. AIT for 35P is one of the longest in the army, as it is language dependent and I was required to become fluent in a foreign language. My language course at DLI took a year and a half, and due to financial and familial issues stemming from what I'm detailing right now, I was recycled a few months in and had to start over. It ended up lasting 2 years for me. I have been with my guard unit for two monthly drills now and am still relearning how to be a civilian again. Trying to figure out my credit and how to become independent is also a part of that, and why I made this post. Thank you all again for your replies and advice. I will do my best to read all of your comments and give updates as I deal with this issue.


I am 22 y/o and recently purchased a vehicle. Tried for a couple years with no luck at getting approved and magically one day it happened. I was so excited I took the offer without thinking it through.

The monthly cost of vehicle+insurance is $800, financed for 5 years, 18% interest. Yes, I know I really f*cked up. I'm trying to keep calm because it is the first bad decision I've ever made, a product of playing it safe my whole life and taking a risk for the hell of it for once.

Regardless, it doesn't take me out of this situation. I can technically afford it, but it doesn't leave much room for anything else to be saved.

Any ideas on how to pull myself out if this hole I tossed myself into?


Hi All. So my current 1 br apt lease is about to be up in June and I'm looking to scale down because I was paying $1,010/month. I've ID'd a small efficiency for $700/month for a 12 month lease with an option to do a 6 month lease for $50 extra. Switching month to month after a lease (6month or 12 month) would be an extra $50 per month on top of the previous rent. Here's the deal though. I live in a rural area that I'm trying to get out of so I'll be looking for an internal transfer around December (but there's no guarentee that something will come up). Breaking the lease after 6 months would be paying 2.5 times the current monthly rent. A year from now I'd get aggressive with the relo and look to other companies.

I'm thinking go with a 12month lease because I'm unsure about my ability to get an internal transfer in the next 6-12months plus I'd go month to month while I expand my job search more aggressively. Any thoughts?


I was wondering what the general consensus for is. I want to make sure I understand what it is too and if it might work for us.


My boyfriend and I live and raise our children together. He's the only income rn (not for a lack of me trying to find something) and things are pretty tight. He makes about $2100/pay but that includes mandatory 20 hours overtime/pay. I handle the bills and budgeting but do it old school on paper. Theres usually enough after each paycheck for us to go to a cheap restaurant ONCE (so twice a month) but we really dont indulge much otherwise. We also have about $18k in debt between us (credit cards, loans, a very expensive custody battle). Our only asset is our house that we want to sell soon. When I'm working, we typically have some breathing room but still aren't able to start a savings; there always seems to be something the universe throws at us that depletes whatever extra money we accumulate. As of today, he got a $2900 bonus from work and $800 tax refund, and I withdrew my old IRA and have $1000 from that. I may be receiving a few thousand in unemployment but dont want to rely on a maybe. We've been planning a trip to Florida for two years and hate to push it back again and disappoint our kids again but I feel like it's a really irresponsible financial decision. I'm so lost on what to do.

I heard mint is good for finances in that it's all inclusive and can help budget more efficiently. So I guess I'm asking what should we do financially and if it might help us budget better.

Edit: We picked Florida bc my grandmother lives down there and we would have free accommodations for 75% of the time. We planned on staying in Orlando for 3 days to visit Epcot/Universal Studios bc the kids have never gone and they're getting older so we want them to enjoy it while they're young. The basic tickets are insanely expensive: four one day park-to-park tickets are $750 for universal! Epcot is $450! I have no idea how people afford to go more than once.


Have a low credit limit for self moderation. I like not being able to spend too much and stay out of trouble.

This may sound dumb but why should I keep the higher limit?

Edit: thank you guys so much. Only utilize 30% for maximum impact. Higher limit good, max out monthly bad. (Now can someone tell me why my lawn isn't growing back after reseeding)


I would like some help establishing a plan to improve our financial situation but I don't really know where to start. When I go through the typical lists of priorities, I seem to get stuck. I'll try to explain more. (Sorry this ended up really long - you can skip to the budget down below)

TL;DR: 9yo, baby coming, bad past 12 months, costs coming up, debts, overdraft, what to prioritise?

We're a British family living in Germany, both age 30. Neither of us finished college, which is the first income barrier, the second is language, the third is childcare availability. However, we actually earn more here than we did in the UK, have a better lifestyle and feel more financially independent, but we're still struggling with certain aspects. We have a 9yo child and a baby due this summer. We have a little debt, nothing crippling, but obviously a burden on our finances. A loan for a car we bought three years ago, and a loan we got to cover our second apartment move where we moved from an furnished to an unfurnished place and had to buy everything.

We are in a tight spot currently due to lots of unexpected large expenses at once. I put a lot of money into learning to drive last year in the hope it would increase my earning power but I couldn't pass and we ran out of money. My earning power didn't increase. My husband had an injury which caused us to lose some income. We had several friends/family visit which was lovely but we ended up spending money entertaining them and driving them to/from the airport. We got a tax bill instead of a tax refund. And then as we found an opportunity for an apartment rental which would massively increase our quality of life and was somewhere we saw ourselves living for 10+ years yet was still in budget, we took it. I don't regret that, I think it was worth it, but it's tight now, because moving is expensive here so we are now right into our overdrafts, which also eats up money. Lastly we got stung for 2 months' extra electric bills from the old apartment due to a discrepancy which we are still trying to clear up.

Next, there are several expenses coming up this summer - a family wedding, the baby essentials (which I've costed right down and included second hand, but can't get any lower than €4-600), son's school residential trip, a holiday camp we booked months ago, his school equipment for next year, the car service is overdue, the tax return probably needs doing, I don't know. We were intending to have a 30th birthday party too but have cancelled that. Son's bike is also too small and could do with replacing as it's a nice easy way to get him out and off screens.

However, a more general problem is that we seem to have this kind of thing happen constantly - and yes some of these expenses are genuinely unexpected, like the injury and the extra bill, but some of them we should be able to anticipate, things like Christmas, car service, school supplies, holiday care, and then we really should see by now a pattern of 1-3 visits either from us to home or from family/friends to us which are likely to make a chunk in the budget. But we don't do this, we just get faced with a cost (any of these are in the range of €100-400) which is irregular/unexpected and we just about manage to pay it and then it's the next month and something else comes up instead, so we never have anything available to save or get out of our overdrafts.

You can skip to here if you dislike waffle

I know step 0 is budgeting. I don't think our budget is super terrible, as in, I don't think we can get it much cheaper. Here's how it looks, rounded:

€2,500 - income after taxes and benefits, incl. health insurance deducted (taken from paycheck here)

Rent: €780 (Under 30%)
Utilities: €200 (estimated)
Groceries: €3-400 (high estimate, usually less)
Transport: €180 plus car loan repayments (detailed elsewhere), yearly service.
School: €50 (lunches) plus school supplies (€100ish once a year)
High speed internet: €35 - needed for work from home (family flexibility)
Phones: €60 - three people, no landline, all needed
Various insurances: €20ish
Debts: €500

That leaves about €300 left over. We have Netflix and my husband vapes but tends to make his own liquid but I don't know the costs of these - certainly not that high. We might go to somewhere like McDonalds a couple of times in the month if that, we don't really go out otherwise. The rest goes on things like replacing needed household items, clothes, shoes, and any unexpected/"irregular" costs but since these can be over €300 in one month and don't get evenly spread out I think this is where we end up with the problem. I just cancelled my son's after school care because he can let himself in now which saves us €40 a month we were spending, but he started a dance club which is €30 a month. We'll probably cancel that in the summer, and maybe start it up again in the autumn. TBH I would love for him to be able to do normal things like go to extracurricular activities or have a bike or for us to go swimming regularly without feeling like it's breaking the bank, it's not his fault he was born when his parents were young, and I'm okay with him not doing quite as much as other kids.

I guess I'm just looking for a general sense of whether we're actually handling things OK or whether we're being stupid somewhere, and what our plans should be for the short term and long term future. I saw step 1 is saving for emergencies, and step 2 is paying down debts. So it seems we need our budget to include the irregular/unexpected costs first and second to get back to saving for any extra costs, whether this gets immediately wiped out repeatedly or not, then we look into debts and whether we can or should do anything about them?


Recently I came across Online Saving Accounts, and learned of their relatively high interest. What are the pros and cons, and what are some of the best ones out there?


Hello all,

I am a recovering drug addict. I am 26 years old, and I have been clean for over a year. Got myself a job that has a ok income. I make 2,000 AFTER Taxes. After insurance, rent, gas is paid. I am left with 900-1k left of money of each month. I do not have a lot of money in the bank, because I have been fixing my truck. I have about $800 in my bank at the moment.

I am in debt with a few places, I think I owe roughly around $1200-$1500 between cash money, money mart, and some other place I can't remember. I wasn't really shown how to properly save my money. I know I should be putting money in RSVP's...but I haven't. Should I?

I recently put a deposit down for a Capital One Prepaid Visa, so that's good. I can start building my credit back up. Now that i'm clean and more responsible then I was when I was using.

What should I be doing my money? I don't have a savings account, where should I be putting my money? DUCA? RSVPs etc..

Please, I really need some help with this. I have been a long time lurker on this sub. I know that I am in the right place for some help.


Here is an excerpt from an email he sent me - I'd also like to add that this apartment seems like an amazing deal:

"However, due to the summer rush and high demand for apartments right now. I would advice you reserve/hold the unit prior to viewing on 8th May, which is the only way I can guarantee the unit for you.

If interested in this unit and want to proceed with the unit reservation, you are required to fill the unit booking/lease form with your information (Which will be sent to you via email attachment) and make booking deposit of The Rent and Refundable Security Deposit. With this, you have a hold on the unit prior to your final decision after viewing which include your move in or refund of your deposit.. Let me know your intention on time."


I left my prior workplace for a government job and have 13k sitting in my 401k. The gov jobs offers a TSP thrift savings plan option which is similar to a 401k. They were unable to tell me if this can be rolled over. If not, what options should I consider? A roth IRA?


I went to Chase (my secondary bank with minimum deposit to not incur charges) and the conversatiion eventually went towards my primary bank. I mentioned to the banker that I have my savings in Ally Bank. He tried to scare me saying what if they go out of business. I responded I'm anyway protected by FDIC upto 250,000. He then countered that saying that it could even take years to get the money. Realistically; Do I need to be worried about my savings sitting in Ally considering it's almost 100 year old financial institution.

Update Thank you all for the overwhelming response. I feel more assured about my decision to make Ally as my primary bank. I had Chase saving as they gave one time 300$ for opening account and depositing 15,000$ within 30 days. Post that; I got almost nothing i.e. < 10$ per year. I moved my money to Ally (22000) and at their interest rate; I would get more in the longer run every year. My learning is it simply doesn't make sense to have large emergency fund in the big banks which don't pay interest even if they give attractive opening offer.


Back in 2014 I was gifted a sizeable amount of investment securities by my parents upon graduating college. In 2016 I decided to liquidate the current positions and allocate them to a bank and securities I felt more comfortable with.

My understanding of a UGMA was that any capital gains less than ~$1000/yr were considered the child's income and need not be taxed due to the small amount of money they represented (ie: the child's unearned income was less than $1,000/yr so don't bother with taxes). I'm learning now that this might've been referring to dividends and not unrealized gains because the IRS sent me a proposed ammendment to my 2016 taxes accounting for all realized gains on the account. So... I'm now stuck with a pretty big tax bill on the capital gains accumulated on the account over the past 20+ years.

Is the IRS correct in saying I'm liable for the taxes over the past 20 years at the time of withdrawal? Or would those unrealized gains have been accounted for over the years assuming that they were less than $1k/yr.

Luckily i didn't spend the money... So it's just a matter of a sizeable investment setback for me personally.

I'm assuming you all will probably suggest I hire counsel or an advisor.

I'll share exact numbers via DM if anyone thinks that is relevant.


Hey /r/personalfinance !

I'd like to share a little train of thought which has really helped me take control of my life this past year.

Did you know that the tradition of diamond engagement rings did not exist before a diamond company started an advertising campaign? A company literally created a social norm. You can read more about it here and here.

Anyway, regardless of whether or not you knew that, what do you think about it? Really think about it? Doesn't it make you feel a bit uneasy? Maybe you've bought an engagement ring for your fiancee, (or expected one)? Inherited one? How crazy to think that one of the most personal, private, sentimental objects in our lives has been manipulated by a company?

I'm not trying to devalue your ring. I'm just trying to encourage critical thought about the things you spend your money on. Are your spending habits - a latte a few times a week, your pair of Converse shoes, your ~$50 haircuts - really what you desire, or have your desires been invented by advertisements, which are inventing our social norms?

Happy saving :D


Whether it's in r/personalfinance or random discussions, most everyone seems to go back to the old line of a new car losing half its value when you drive it off the lot.

But if that's the case, then why are so many used cars nearly identical in price to what you can get new? Especially when it comes to trucks or SUV's, it seems like the two to three year old models are only a few grand less at most.

How do you know when it's worth it to spend xxx more to just go new?


Story: I started work as an IT technician and got promoted to Network Administrator for a small office of 25 people. As of 4/20/18, I would have worked there for 3 years, 4 months, and 20 days. Recently someone bought out the company and one of my bosses told me that I may need to consider looking for another job. We had a meeting yesterday with all the snacks you can think of and the owner tells everyone that the company that bought us will retain all of the employees, including me during her "speech". Because the owner is busy 24/7 and never had a chance to talk to me, she asked me why I looked nice today(wore a suit on casual Friday) and I told her that I wanted to look nice for the party today. She tells me that she doesn't know if I will have a job once they complete the merger. I feel that that's a fucking shitty thing to say in front of everyone that they have a job, but I am the one that gets the boot. Even the guy(who is a chill dude) that just started working there will be keeping his job. I understand that I might keep my job, but considering our company would be a division of a bigger company, the IT team at the main location would already be stacked with employees and having 1 IT guy at one branch is useless. It makes me feel really shitty mostly that she would say that out loud and I feel that I should address it if I do get the boot 100 percent, but I don't know.. the feeling of unemployment makes me feel like shit.Plus one of the managers said they were protective of me and others said some things about me, but I am feeling that they think I'm a dumb special person from that comment.

FYI- The people here at the company are horribly illiterate when it comes to technology and they won't ever follow my advice so the outlook of this whole situation is turning back on me.


How should I approach this situation ? I have a 401k with them and I would plan on collecting unemployment. I don't know if they will give me severance, I just don't know. I'm preparing for the worse based on the actions from the owner.


A couple of months ago, I made this post and was stunned by the response, support, and similar stories I received.

This whole fiasco has finally come to a close and I figured I would give you a quick update.

I received tons of comments and private messages encouraging me to contact my local congressman to have them act on my behalf. After getting nowhere with DFAS or the Department of Treasury, that was the route I took. My congressman's office was seemingly happy to investigate on my behalf and did so very efficiently.

While I was waiting for a reply from my congressman's office, the Dept of Treasury wound up offsetting my tax return. There was a lot of confusion as the amount they offset my return for was different than the original amount of the debt, and different from the amount that the initial letter I received said I owed.

As was originally thought by many, this was in-fact a travel pay debt. I can't say with any certainty what I did with my travel voucher after leaving the Army, but as far as DFAS is concerned I did not return it and that pretty much is that.

My congressman's office wound up getting some responses and their letters actually cleared up the situation and made sense of the timeline. Although, they even said outright they couldn't explain why it took so long to discover the debt, or why I wast contacted prior to the letter from the Dept of Treasury.

About a month ago, the collections account was removed from my accounts at the 3 credit bureaus and my score has fully recovered a full 100 points as of today (at least at the 2 i can see at the moment). I have no doubt that had I not taken the advice of many of you here, this would have caused years of damage.

So in the end, my tax return was offset and I wound up paying the money back, but I did get some explanation and my credit has been repaired, which was more than I had honestly expected.

Thanks again!


I went into my local Fidelity branch the morning of 16th and made a $5500 contribution my traditional IRA by hand written check. I had a whole conversation with the guy about tradition/roth, what I do for work, what I'm going to do for my birthday that's coming up, bla bla. I e-filed my taxes the afternoon of the 16th, and claimed by traditional IRA contribution tax credit. Fast forward to today and I notice that my checking account is $5500 dollars heavy. They didn't cash the check.... I log into Fidelity, and they didn't make the contribution...

What do I do now?



I’m looking to open up a savings account with a high interest rate. I looked up “best savings accounts” on google and the top picks on NerdWallet were: Synchrony, Ally, and Barclays.

My biggest thing I’m looking for is:

• Easy access to my money • User friendly • Friendly with other banks when it comes to transferring and setting up auto deposits to the account • Security and great customer service

Thank you!


I have some spare money lying around and was thinking of putting it into wealthfront. Anyone here a customer of theirs or a former customer and have thoughts?


My 401K is held in fidelity, but I really don’t understand what I should be looking for? I know it has some investments in stocks, bonds, etc but it’s not something I chose. Should I change the way investments are broken down and/or what supporting information would be needed for someone to look and say it looks good or no this is wrong. Do I leave it all in my 401K , should I start a IRA? My employer matches the first 3% at 100% and 2% at 50%, so I’ve been doing 5% contributions at minimum and when I was single 10%.

I’m 24, married, and have 2 wonderful babies. I’ve been making 40-50K a year since I was 18.

Any and all recommendations are appreciated.

Community Details





Learn about personal finance: budgeting, saving, getting out of debt, building credit, investing, and planning for retirement. Please join our community focused on financial education and helping each other!

Create Post

r/personalfinance Rules

R1. Submission guidelines
R2. Self-promotional advertising or soliciting
R3. Unhelpful or disrespectful
R4. Asking for handouts
R5. Legal discussion
R6. Politicizing
R7. Lawbreaking information
R8. Personal attack or abusive language
R9. Relationship or personal advice discussion
R10. Other bad behavior