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 [��]