Personal Finance 360

What Are the Top Rated Cash Back Credit Cards for Home Repairs? #CashBackCreditCards #HomeImprovement #MoneySavingTips Hey everyone! ?? I’ve got a question for you all that I’m hoping can benefit not just me but anyone else in a similar situation. My husband and I just bought our first home (yay!), and we’ve got some pretty extensive repairs lined up in the next couple of months. Since we’ll […]

Is Tracking Every Penny of Your Expenses Overwhelming You? #PersonalFinance #ExpenseTracking #MoneyManagement Hey there! ?? So, I’ve been thinking about personal finance apps and how they work—or sometimes don’t work—for folks trying to manage their money. A lot of these apps seem to cater to people who have their financial habits down pat. But what about the rest of us? Let’s be real: tracking […]

Are Rising Costs Causing Regret in Your Recent Property Purchase? #PropertyRegrets #RealEstate #HomeOwnership Hey everyone! ?? With high interest rates, skyrocketing insurance premiums, and maintenance costs rising at around 10% per year, I’m really curious about how these factors are affecting property owners. Are you starting to feel that buyer’s remorse after your property purchase? Think back to when many of us snagged our homes […]

Is 'Locking In' My Energy Tariff Now Worth It to Save Costs? #EnergyTariff #OctopusEnergy #FixedVsVariable Hey there! ?? So, I just got an email from Octopus Energy that got me thinking: Should I "lock in" my energy tariff? ?? They’re suggesting I go for their “loyal Octopus 16M fixed” rate to dodge those rising costs expected in April. Here’s what I’m looking at: Current Offer: Electricity: Unit […]

Do I Owe Taxes on My Whole Life Policy Surrender Refund? #Taxes #WholeLifeInsurance #SurrenderPolicy #TaxTime #FinancialPlanning Hey everyone! ?? So, here’s the scoop: my grandparents took out a whole life insurance policy for me when I was a kid, which I ended up surrendering after they passed away in 2024. I received a few thousand dollars from that surrender, but now that tax season is upon […]

When Should a Self-Employed Consultant Consider Incorporating? #ContractorAdvice #IncorporationJourney #SelfEmployedTips Hey there! So, you’re deep in the weeds with your self-employed consulting gig, and you’re staring at that sweet $150-180K income this year. ?? That’s a great position to be in! But now you’re wondering, when does it make sense to incorporate? It’s a big question, especially when you’re aiming to maximize […]

What's the Optimal Retirement Savings Rate for Future Homebuyers? #RetirementPlanning #HomeBuying #FinancialBalance Hey there! ?? I totally get it; figuring out how much to save for retirement can be a real puzzle sometimes, especially when you have other big goals, like buying a house. So, let’s dive into your situation! You’re 19, making about $60k a year, and you’ve got your priorities pretty lined […]

Will I Lose My Partner's Car After Her Death Without a Will? #CommonLawSpouse #Loss #CarLoan #EstatePlanning #LifeAfterLoss Hey everyone, I’m reaching out because I recently lost my common-law partner of 31 years. ??? As you can imagine, it’s been a whirlwind of emotions and practical tasks, especially since we didn’t have a will. I spent the whole day trying to take care of the apartment, bills, and […]

How Can I Set Up My Own Pension for Employer Contributions? #PensionPlanning #EmployerContributions #RetirementSavings Hey everyone! ?? I’ve got a question that might resonate with quite a few of you. So, my employer has agreed to contribute to my personal pension instead of using NEST. Here’s what I’m wondering: What information do I need to provide to my employer? Do I simply need to set up […]

Can I Use My Spouse's 403b for a Backdoor Roth IRA Strategy? #RothIRA #BackdoorRoth #InvestmentStrategies Hey everyone! ?? I’ve been diving into the world of retirement accounts lately, and I’ve hit a bit of a snag. Here’s the situation: I have a Simple IRA through my job, which means I’m not eligible for a Backdoor Roth IRA. My wife, however, has a 403b account through her own […]