Personal Finance

I am a US citizen living in the US (glass it from orbit please) and as the title implies I am wondering if it is possible to move my checking and savings account(s) to a bank that would allow that money to be converted and held as euros. From my research so far it does appear there are some banks that may be able to facilitate this (HSBC, Citi, Wells Fargo), but I was wondering if anyone had any experience with doing so?

In addition to recommendations or general thoughts about the bank(s) I should consider looking at I was also curious if:

• Direct deposits in USD were possible and how they were handled in terms of converting them (does it happen automatically, or is it a manual action)?
• Is it possible to use ACH debiting?

For whatever it's worth in case someone asks or wants to interject, most of my money is currently in my retirement accounts and not in my savings, I have an emergency fund and I won't be doing anything that might harm it.

Regardless of whether what I am asking is dumb or ill advised I am currently looking for information on how one might implement this if it is possible at all. Feel free to offer your opinion/take on it if you are also able to point me to resources on doing this or additional reading on the matter. If this is just straight up not possible in any capacity (my initial looking seems to indicate it is possible, but I could be wrong) then feel free to let me know that as well. If the only feedback that can be provided is to tell me how dumb it is, or ask why I would want to do this my reasons are my own, and I would kindly ask it be kept to one's self, but I obviously can't stop anyone if they don't.

Regardless, I very much appreciate your reading this far, and thank anyone for their replies in advanced.

I'm curious how you budget as a couple or budget with family. Does one person take the lead and it's their duty? Are you equal participants? Does each person leverage their strengths?

What works for you?

Put aside what you think about this news, this is likely going to happen as the admin doesn't care about legal challenges, they just implement policies.

I own my home, fixed rate mortgage, and I own both of our cars with no remaining payments. From my understanding, should I cease payments on the loan (they are privately owned debts) I can be sued for the debt and then wages garnished. My credit score will also suffer from a default, but again I own everything I have or it's on a fixed rate.

What does this process look like, and what are the tangible consequences for me?

Off course you can handle your expenses. But maybe you still want to know exactly how much you can spend TODAY.

Read on then.

I am trying to make a super cool subscription tracker that can track all your subscription at one place like a google calendar but for subscriptions.

what are some cool features you would expect.

Where I am from my salery is quite okay to be honest. I get about 3700 € after taxes (state insurances, health care etc.) each month but I don't see me affording a car anytime soon.

I pay about 1200 € a month on my debt for my house, so I have about 2500 € left. Another 600 € go away for electricity, water, trash, internet, phone provider etc...

Leaves me with 1900 € left for the month. I'd say I spend about 900 € for food and household supply a month.

1000 € I save 500 € for my house for later. 250 € for vacation (3000 € in total a year) And 250 € for car.

It is going to take me about 5 years to save for a 15.000 € car. I don't know how people buy BMWs, etc. I know I don't earn that much but I need a car somehow my current car is breaking down and I got no money saved yet. Only about 1500 € cause I spent all my money on paving (had to be done) and my emergency saving wasn't enough for the bill of the paving and other work on that area around my house.

I only save since 3 years cause I wasnt able to before.

I am not even ranting about the joke of a car I might get with 15.000 €. In my country I can't even get the smallest Toyota with that. It's a friggin' joke that a Toyota Aigo or whatever it is called is going for 19.000 € (new) but whatever.

I don’t have much in terms of investments (401K). I was wondering if there is anything I can do to minimize the impact of the incoming recession on my financial position.

1- What do I do with my 401K? Do I keep it in the same funds or should I look into reinvesting it in different funds? 2- Should I keep an eye out for “the dip” and buy in? What? Market funds? Bond funds? ETF? 3- In terms of stocking up, what’s the best approach? Bottled water obviously, but what else? 4- I am almost done paying off my credit cards. However, I bought a new car last year. Other than looking into refinancing to a lower APR, is there anything else I can do?

Until last year, I never thought much about how to survive the many “once in a lifetime“ shitshows we are seeing and usually rolled with the punches because I mainly didn’t have the financial means to do so.

Now that I am somewhat financially capable –a privilege not many of my fellow countrymen have unfortunately– I want to try and minimize the damage that is incoming.

Any advice/suggestions would be greatly appreciated. Thank you in advance.

Hey I don't know where to post this. I can't find a good sub for this topic.

My grandparents died and my mother is respecting the last wish of not getting anything from them and wants her brother to get it all, which is fine, because she is adopted by her parents sister and will get what her mothers sister has (house etc.).

While this should be easy she could refuse, the issue we are now facing is that it will be passed on to me and my sister.

I told my oncle that I would not accept the inheritance if my sister also refuses to.

Now that my oncle also has a property he promised my sister that she'd get it if she refuses to accept the inheritance. Now I talked with him about it because the property is worth about 15.000 €. He said he would give me 5000 € instead.

Now I don't know what to do. My sister says it was rude to ask him for money because it isn't our right to accept the inheritance and that the property has nothing to do with all this it's a gift from him to her.

Well I see it like that too so I said that I will also not accept the inheritance if our oncle gives me 50% of the property as well. She is now saying I am so greedy and that we aren't in the position to tell our oncle what to give.

Now this is going even further: I just found out the house my oncle will sell (parents house)is worth 200.000 $.

I am thinking about visiting him and have a talk about that. Why should I refuse the inheritance for 5000 $ even though the property is worth 15.000 $? Why should I refuse to accept it if I know I could also get 100.000 $ if I sell the house too?

I mean I have nothing to do with my oncle. So does my sister, she doesn't even visit him once a year. She also doesn't know about the house or else she would take the inheritance as well.

What would you do? I have a feeling that my sister and oncle don't want to give me anything at all.

My mother told my oncle to give me the money for what the property is worth and my sister the property so it is fair.

I told my oncle that if he can get my sister to not accept the inheritance that I'd also not accept it and he can keep the property. But now that he had promised to give it to her (my oncle is a tricky person.. so I don't know if he will actually give it to her or screw them over) and my sister is also a tricky person, she wanted my mother to give her the house so my mom can live rent free in it and I don't get anything once she dies. She didn't say it like that, but I and my mother know. She also doesn't know that she ain't getting anything from that house because of how she treats mom and our grandmas sister.

a bit over a year ago, I went through debt consolidation. I signed up with a company that offers me a monthly payment to kill my credit cards and provide me legal representation should I need it. It's been about a year since and they have only shut down some of them. There are 1 or 2 still left open.

I was told not to make any payments on the cards. Let them complain and threaten with collections. This will let the debt consolidators buy the debt for cheap if the credit card companies refuse to close the cards. They have been tanking my credit for months and they aren't closing my cards.

Now I'm in a bad place financially. I lost the job I had at the time I went into consolidation and the current one isn't paying as much. I'm not missing any payments but it's trapping me.

I may need to leave my state for some place safer soon. But I have such a poor credit score now that I cant imagine anyone renting to me now.

Debt consolidation feels like it was a scam.

Should I declare bankruptcy and start over?

It seems as though the endgame to all of the political chaos we are experiencing in the US is the dethroning of the dollar as the world’s reserve currency. Putting aside for the moment the question of why or whom might benefit from such an outcome, what is the best way to play defense if your wealth is dollar-denominated?

TLDR: meme coin rug pulls, among other issues around centralization

Crypto-believers often blame greedy financiers as the cause of the Great Recession in 2008. But we argue that crypto is not immune to these same risks.

Public blockchains operate on a distributed peer-to-peer network. This network provides each user a complete record of transactions that is updated in real time. Users can send digital cash between themselves without relying on a centralized authority.

Since each user has a full record of transactions, the system promises full transparency. But our research demonstrates that public blockchains, and the cryptocurrencies that run on them, do not actually replace trust with transparency.

Speculation, manipulation and market crashes remain very real dangers, regardless of whether the financial system is centralized or decentralized.

Centralization of power in the hands of insiders is still a major issue in the cryptocurrency space. This is particularly an issue for emerging cryptocurrencies like memecoins. Memecoins are a type of cryptocurrency named after internet memes or similar jokes. They draw their value entirely from speculation.

I feel I should get rid of them or stop using them but most have good benefits so I am unsure what I should do. I tried using YNAB but it isn't how I think about money. I really need to stick to my budget but with my partner and child I feel money is constantly flowing out.

• Sams card great for Sams and gas. Free. Only use for the above.
• PNC unlim good all around and free.
• Older PNC card, told not to cancel because it is free for my credit. Only pay utils on it. Not worried about this one.
• Amazon card, 5% discount on amazon for family essentials, free.
• Amex, 95$, good all around, and great customer support.

I'm thinking I should possible cancel Amex and Amazon because they easily add up, then focus on just using my main PNC unlim card. Thoughts on this?

The Amazon discount and Amex purchase protection are both nice but having more than one with so many purchases as a family is stressful.

I don't see any reason to cancel the old PNC card or Sams card. Use around 100$ a month on them.

I can easily find things like rent, internet, insurance prices, but how do I find things like grocery prices? I honestly don't even know what an average grocery list might look like, are there resources to help with this? my gf and I are looking into moving out, and assuming a monthly income of ~4400 USD and rent being 500 USD, I think we should be okay, but I need to be 100% that we won't be barely scraping by or anything. thank you everyone

I'm putting away $300 a month, my question is where to put it. savings account has basically 0 interest, there are HYSA (high yield savings account) that would give me 3-5% apy, or I already have some money in stocks that have grown consistently 25% over the last year (index funds only)

what would you guys recommend? I'm looking to buy it probably 3 years from now. that way either I've got a fat down payment or I can just buy it cash

thanks

Up until now, I’ve just been saving an emergency fund in a HYSA. I’m getting to the point where I’d like to put excess savings into the market, and am looking at something like the VOO ETF. It seems things are essentially at an ATH right now, and there are a lot of big political things happening at the same time.

Would it be ill advised to buy into VOO right now? I could hold this in my HYSA but at the same time, I’m not needing this money for a while and long term I would think the market will continue to rise.

I know there was news a couple days ago about Berkshire Hathaway selling their S&P 500 ETFs, but this made up ~0.01% of their total portfolio.

Should I move my checking/ savings from my credit union? Should I move my investments from Schwab? Should I move to different institutions or what can I do to protect ?

I have a medical malpractice annuity that pays out every month and goes up 2% compounded every year. I live in another country where cost of living is way lower than in the US and am worried that rapid inflation in the US or just overall instability will lead my annuity to be practically useless. Are these worries baseless?

Paywall removed https://archive.is/Psa8g

Hospital says payment plans don’t work since it’s gone to collections…

Between rent and school payments, I am paying quite a lot over ACH and am wondering if there’s any way to also get some benefits back from these payments.

There are cards out there like the “Fold” card that will give back up to 1.5% in BTC for ACH transactions, but that’s contingent on you spending a lot on other transactions and the card also has a $100 annual fee.

I don’t care if the rewards are USD, BTC or booster packs of Pokémon cards. I’d just like something back from these transactions.