 I looking at losing my house end of august unless i can come up with £5000 to pay my arrears i need help? |
i looking at losing my house at the end of august unless i come up with £5000 to pay my arrears. i tried gettin loans with no success does anyone know how to help.
Additional Details
i ... |
|
 How is 26,000 per month salary, in india? |
| If you have no other loans to pay and are not ... |
|
 Do you ever feel tempted to charge someone a fee for the them getting ideas for questions from you? |
| Or perhaps using your a quote you repeated and making a question. Do you feel tempted to ask them to show you the money if they get a question out of you?... |
|
 Where can I make money online? |
| Well, of course I know that there are a lot of scams out there, but I'm really good at many things, such as typing, editing grammar and punctuation, making website layouts, and other things. P... |
|
 Jobs where you get the summer off? |
| Does anyone know whats jobs there are besides a teacher where you get the summer off?... |
|
 In your opinion, what is the best way to end the work week? |
| For me, it is what I just got done with, drunken keroke!!!!!!! Yeha!!! I sang, "Metallica's" "The Unforgiven." I actually got the bar staff singing along!!!! Lol, a fun night,... |
|
 Why is it rude to type in all caps? |
| I tried to type a question in all caps and the page refreshed said do not use all caps i's ... |
|
 Can anyone tell me how much £130.00 is in U.S. Dollars? |
| I want to purchase something from Amazon.co.uk and I need to know how much this is. one is £79.00 and the other is £130.00. Please help!... |
|
 What can happen to me if I will take loan from bank,clear my credit cards and leave UK? |
| let`s say I will take 4000 pounds loan from my bank and take all my money I got in my credit cards. After that i just buy ticket and move away from country and never come back. How big this crime is? ... |
|
 What is something that everyone wants all the time? |
| My mom is making a home business but doesn't know what everyone would want all the time. So my questions really is What is something that everyone wants that they would buy? Please let me know!<... |
|
|  |
Mike | What should I do with the money I have saved? |
I am a freshman college student who has saved about $12,000 over the past couple of years through my part time job, with no use for it in the near future. Right now I have all of it in a savings account at my bank. Should I invest some/all of this money, if so, where do I go to do that? Plus, does it really make that big of a difference if I keep it in the savings or invest it? Thanks! |
 |
 
me
|
If you have no use for it, you could send it to me.
Actually:
The savings is safer from loss, but won't grow as fast because the interest rate is relatively low.
Investing it, will place it at greater risk of loss, but also at greater growth potential.
Generally speaking, the greater the potential growth - riskier the investment.
CD's are "safe" investments, but they do not grow fast. You can invest in a CD, at your local bank.
Stocks (growth stocks) are riskier, but provide greater promise of return. Mutual funds are also an option.
Other investment tools besides stocks are bonds (generally safer) and commodities (such as gold or silver) which can grow or diminish at amazing rates, or remain unchanged for long periods - almost completely unpredictably.
You can invest in stocks, bonds, or mutual funds by going to see a broker. I believe there are brokers headquartered in every major city. There are full-service brokers; and there are discount brokers if you don't need investment advice.
If you are planning to keep your money invested until you reach retirement age consider the tax advantages of putting it into an IRA, rather than a savings account. Most banks, and many insurance companies offer IRA's (traditional and Roth).
If you put it into an IRA, a 401(k), or a 403(b) your money is effectively tied up until you reach age 59-1/2. If you put it into a CD, there is a penalty for early withdraw. If you keep it in savings, it is completely available to you (but will not earn a respectable interest).
I don't know where you live, but some cities have "investment clubs" where you can meet with other people with similar goals and concerns; and learn from them. Also Read, and ask questions of anyone you think can and will answer. Investment, wise as it is, requires a degree of persistence, a degree of work to track and monitor your interests, some degree of knowledge about what you're doing, and patience. |
|
towanda
 |
The younger you are that you start investing, the more you will have later. Take some spare time and get a bunch of books on investing and start reading. They will give you ideas on how to invest and how to cover your investments and what percentage of $ you should invest in certain ways. You don't even keep up with inflation when you have your money in a savings account so you are actually losing money. Before you let anyone "handle" your money, know that you are ultimately responsible for how it is invested. Also know that many people will give you advice to fill certain obligations they may have so only invest in what you feel you want to. Get talked into nothing and y ou keep an eye on what is happening to your money. Know before you invest. |
|
Kimberli
 |
You should definitely invest it. The thing is, if your money is sitting in a savings account, you are probably earning a measly 1-3% interest per year. If you invest it, you will earn more (maybe 10-12%) and it will be compounding interest...that is you'll earn interest on your interest. The sooner you start saving, the more you'll have in the future, at less invested. There's a wonderful book called Smart Women Finish Rich by David Bach (if you're a guy, well, it's good reading - maybe you could hide the cover - j/k) Anyway, if you have at least a part time job, I believe you can invest in a simple Roth IRA. Maybe you could take a personal finance class at school? You are ahead of the game if you are thinking about ways to invest your $12,000. When I was in college, I was racking up the credit card debt and at 30 am just now realizing the importance of personal finance. Good luck to you! |
|
lilirodal81
|
I would invest in buying in the future whether it be a house or a building. In my opinion, that is the best investment. |
|
question
 |
You can go to Paypal.com and open a account there, because it can give you around 5%, so you will have around $50 more a month. |
|
♫ frosty ♫
|
That all depends on how long you would be able to save it before needing to withdraw. If you won't need it for at least six months or longer, there are CD's etc, you can invest in. Talk to someone at your bank to see what kind of plans they have. At the very least, most banks have some type of plan that draws at least 4 to 5 percent APY, but some have a minimum balance you have to maintain in order to avoid paying a monthly service charge. Usually something like $1000 or $1500, so be sure you at least have your money in something like that instead of an account that is only drawing, say, 1/2 percent interest. |
|
Brad B
 |
Do you have debt? if so pay it off. Are you takin out loans for college? If so stop and pay cash for school.
If you have no debt and are not taking loans then I would keep 1000 in your savings for emergency..EMERGENCY..use and move the 11K to a money market account for your big time emergency fund....EMERGENCY...a new car is not an emergency. This way when you graduate and get a job you already have the first step to finiancial security taken care of.
Never go into debt, and put atleast 15% of your income into retirement investment....Roth IRA first and then 401k. Be smart with it and manage it well...your off to a great start. |
|
iseemen
 |
buy a CD that way you can't waste the money easy and the rate of return is like 5 to 6% |
|
iu1998
|
I can tell you right now that a savings account is almost always a bad deal. If you are not interested in taking on some risk, you should at least look into a good money market account (I recommend Fidelity Cash Reserves FDRXX). The yields from these accounts usually blow away those of savings accounts and CD's. If you are interested in investing in the markets, I suggest looking into some mutual funds, maybe a mix of stock and bond funds. I personally like Janus and Fidelity for mutual funds. And yes, it makes a huge difference whether you save or invest, but investing in markets does carry more risk. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 25 minutes(s) ago
| | | |
10 | 54 minutes(s) ago
| | | |
10 | 1 hour(s) ago
| | | |
10 | 4 hour(s) ago
| | | |
10 | 9 hour(s) ago
| | | |
10 | 10 hour(s) ago
| | | |
10 | 2 day(s) ago
| | | |
10 | 4 day(s) ago
| | | |
10 | 6 day(s) ago
| | | |
10 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Business & Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
