u/IntelligentFan5409

I have tried to read up on this, but I am still confused... maybe I am over thinking it? I have decide to open a fidelity account, but it is quiet confusing. I started with a $300 deposit and I am going to have $300 deposited monthly.

To note I already have an emergency fund with $30k in it, I do also keep about $15k in my checking which I have received feedback on. I am a newly single mother to a 16 year old and I guess that is my reasoning behind it. Right now I am received zero support from his father or anyone else so I worry about money. I guess for piece of mind I want to make sure I have immediate access to cash in case anything happens.

Back to the Fidelity account.. I opened an individual account and so far bought VOO ($75), FZROX ($150) & FIPDX ($75). So my understanding is that these will just automatically do their thing and I do not actually have to go in and trade and stuff? Correct me if I am wrong I honestly am unsure of how this works.

The $300 that gets deposited monthly.. what happens to that? Does it just sit in there until I do something? Also, wasn't sure which funds to buy, please provide feedback on the ones I bought if possible. Sorry just confused with the whole process

Solo female and I will be arriving at MXP on aug 13th, I have yet to book my hotel yet, but I was going to stay close to the main train station. I will be in Milan all day on the 13th, traveling to Lake Como on the 14th and then back in Milan for a day on the 20th. There a lot of places I want to go while in Milan so trying to figure out how to do this.

This is my first time to Europe so wondering about the train and the prices. Here in the states in NYC you can ride the metros unlimited for $30USD/week. Is there something like this in Milan? If so do I need to purchase that somewhere or can I use my phone to just scan at the train stations?

Looking to pay off a few student loans. I have about $32k in a HYSA and $10k in checking. Was thinking of using the money in the HYSA to pay some of them off thinking that at least that money earned interest?

Should I use money from my HYSA or ?will I get taxed? Is there a better bucket of money to pull from to pay these off

 have a balance of $56k on my student loans and was currently paying $450/month on these and I guess foolish of me that I didn't realize most of that was going to interest. I recently contacted my student loan provider Nelnet and found out that for some reason they didnt have down that I have a dependent (my son), so they suggested I resubmit my income driven app and my payments are most likely going to be $100 lower. I filled out the app and have since got an email saying that my loans are in forbearance for 60 days while they work on the app. Interest is still accruing on them, but I do not have a minimum payment. My interest is between 4-6.5% throughout my loans and was going to pay off the 6.5% ones

My question is, should I go ahead a pay those 2 high interest loans off now while they are in forbearance? Or does this even matter. Being that I am not going to have to pay $450 towards my loans for 2 months I am wondering what to do with that extra money. If I do pay off 2-3 loans will th/at lower my overall monthly payments going forward or how does that work?

This is a follow up to a post I made a few weeks back regarding my financial situation. Long story short and what I got from everyones responses on that post... I am in a decent place financially, but what I shared on that post is how my student loan balance gives me extreme anxiety. (Please also note I am a single parent to a 16 year old with no help from the father)

I have a balance of $56k on my student loans and was currently paying $450/month on these and I guess foolish of me that I didn't realize most of that was going to interest. Since my previous post I have contacted my student loan provider and found out that for some reason they didnt have down that I have a dependent, so they suggested I resubmit my income driven app and my payments are most likely going to be $100 lower. I filled out the app and have since got an email saying that my loans are in forbearance for 60 days while they work on the app. Interest is still accruing on them, but I do not have a minimum payment. In my previous post everyone suggested to pay off the highest interest loans as much as I can now. highest interest being 6.5%.

My question is, should I go ahead a pay those 2 high interest loans off now while they are in forbearance? Or does this even matter. Being that I am not going to have to pay $450 towards my loans for 2 months I am wondering that to do with that extra money. To note I have $32k in a HYSA and $15k in my checking account. If I use the money from the HYSA to pay off some of the loans I am going to get taxed or be losing money? Is it better to pay the loans off with the money in my HYSA or my checking?

first time visiting Europe solo traveler from the states and a bit confused with the trains. I am looking for the most cost effective way to get from Milan to Spiez.
traveling from Milan to Spiez on Aug 15th and then I need to return back to Milan to catch my plane back on Aug 20th. I know you can book through SBB or trenitalia but it seems like the later is cheaper.

does it matter what station I leave from? At first I was looking leaving from Milano central but it seems Milano Porta garibaldi is cheaper? I am unfamiliar with the train stations so I want to make sure this is easy for me to navigate. If I leave from this station do I have to transfer somewhere or is this a straight ride? also since my trip isn’t until Aug should I book now? How much do prices change?

I am 39F and am a single parent to a 16 year old boy. His dad and I recently split and he gives me MAYBE $50 a month (so basically nothing). I had a very traumatic childhood and was never taught to go to college and ZERO about finances.

I did go back to school & got my engineering degree and graduated 3 months before lockdown, so didnt start working a real job until 2023. I love in the midwest so cost of living is lower, however with inflation everything is going up in price REAL FAST

Take home is about $4600/month

I have $50k in student loans which stresses me out every second of everyday. I pay $450/month on these

$25k in emergency fund

$25k in checking

ZERO credit card debt

$6k left on car with 3% interest rate

approx $1500/month on rent & all utilities

$400/month on food

$400/month health insurance for my son & I

$83k in IRA from previous job

$20k in current 401K - 10% contributed to 401k & 7% to Roth

$8k in Acorns around and I have rollovers on

I am worried about where I am at due to not starting my career until my 30s. i have been trying to learn more about investing/finances, but it is a bit overwhelming and am not sure what to do. Open to any suggestions on how to invest differently. My student loans worry me the most, should i be putting more money towards those? Also, with the price of everything going up so fast I worry I will be increasing my spending but not my salary

Traveling solo from Milan to Spiez on Aug 15th and need to train back to Milan on Aug 20th. How early do I need to purchase tickets? Do the prices change a lot? Also, they are non-refundable right? Wondering if I should purchase now or wait