 How much percentage of your total income should go to housing costs? |
Out of your total income, how much percentage should go to rent or house payments?
Additional Details
25% is almost impossible in my case. a little less than 30% is what i am paying now..... |
|
 What is the cheapest way to send mail/packages from the US to canada?UPS, USPS? please inform.? |
| i recently sent something by us postal services and it is going to take 6 weeks and it end up costing me $25. so i'm always up for finding a cheaper way of doing buisness.... |
|
 How much should I charge for babysitting three kids in Orange County? |
| I would be babysitting a 3 year iold girl and 6 month year old twin girls. I'm a senior in high school and live in a wealthy neighborhood.... |
|
 What is a good place to hide my money in my room? |
| I've previously hid it in the following places and they have all been found: Under carpet, in air duct, in stuffed animal, behind a fake electrical outlet, in a soda can, under a drawer, under ... |
|
 How Can A Kid Make Money Without A Job? |
| I'm 14, and have another week or so, then away for a week, then another 5 days to work. So, in 12 days, are there any ways I can make good money worth the effort without a job. I can't ... |
|
 Does The National Lottery actually exist in the UK ? |
| I got an e-mail the other day stating that I had won The National Lottery in the UK. They want me to send money to a courier service to deliver my check or I have the option of picking it up.... |
|
 Can you apply for a loan as joint & then one person withdraw? |
What I mean is if my bf applies for example & me as 2nd name on the loan (joint) & then if we break up withdraw my name? so I won't be liable for the loan anymore.
Additional D... |
|
 I need a $600 loan quick for my rent or me & kids will be out of home. My credit is BADD I live in NC, HELP!!! |
| PLEEEASE, DOES ANYONE KNOW WHO CAN HELP ME, I'M DESPARATE, I'VE TRIED CREDIT CARDS & I'M GETTING DENIED FROM EVERYONE, DOES ANYONE KNOW ANY, ABSOLUTELY ANY BAD CREDIT LENDERS IN NC?... |
|
 Why have children - r u selfish or careless? |
| most people have children not to be alone when r ill and older. they dont have money to buy a flat for each child, but they dont care - so what that their children will spend 30+ years working hard ... |
|
 What to do with 15 million dollar? |
| Where to invest? What to do with it?... |
|
 I am financially broke and not sure how to fix it.? |
| I have bad credit and have not been able to make payments for the last 4 months. Now I have all my creditors asking for they money I owe them. I have a better job, but it will be a while before I can ... |
|
 Dose dispute on credit card charge affect my credit scoring? |
| Bought things on NET. Returned. They received. But dodging to refund. It's been four months. This is the reason for dispute.... |
|
|  |
voodoo chilled | Can someone explain to me what an overdraft is? |
i dont have a clue and although i know people who work in banks im embarassed to ask them |
 |
 
CLIVE H
|
An overdraft is a facility which you arrange with your bank allowing you to continue to draw cash and pay cheques when your account is no longer in credit.
My bank for example allows me an overdraft of up to £2,000 a month. I have never had to use this yet, but there may come a day when I need cash in a hurry.
What does this cost?
My bank charge me about 16% on any money drawn from the overdraft facility. Any money drawn beyond the agreed £2,000 could be charged at about 29 - 30% - a whopping difference.
So, if you need an overdraft facility, arrange it with your bank. Then in a tough month when you've had to pay extra and unexpected bills, you'll have some way of coping.
Always remember, never borrow beyond your means. In fact, try and save as much as you can each month. You can invest in an ISA - your bank will explain this to you or you could take the safe option like I do and buy Income Bonds from the UK.Treasury - these yield a monthly income of about 4.5 - 5% of their total value. Slow, low and safe.
If you like risks, you can buy shares and your bank will help you built up a portfolio. They will NOT advise you which shares to buy. Remeber, buying shares is a form of gambling. So never 'invest' more money in shares than you can reasonably afford to lose. What goes up, can also come down, usually with a crashing sound. Right now the stock market is not a place to go for the feint hearted.
However, if you are interested in knowing what's happening in the money game, you can sign up at the link below, it's free and they will send you a daily e-mail about 'money'.
MoneyMorning.com - Stock Market & Financial Online | Visit ...
MoneyMorning.com is your online source for stock market information stats, business
and investment online news and top stories.
http://www.killerstartups.com/Site-Reviews/MoneyMorningcom---Stock-Market--Financial-Onlin... |
|
Wugga
|
It's when you charge more to your account then you have. The result is (usually) that the bank will pay the difference and then will expect you to pay them back, plus a fee. |
|
irishnomad1
|
it just means you can overdraw your account by the agreed amount set by your bank |
|
Nessa
|
It's where you withdraw more money than what you have available in your bank account...most banks charge a pretty hefty fee whenever you do this. |
|
kudos1uk
|
The overdraft is when you spend more that you have in the bank. This can be "agreed" (ie upto £1000) where you will pay an lower agreed interest rate or "unaproved" where they will charge you a higher rate because you did not ask first. |
|
jeanimus
|
An overdraft is an amount of money that your bank will let you get overdrawn by. So eg when you have £0 in your bank, you can still take out £150. BUT you have to pay it back as soon as your next lot of money goes in (but again you can draw it out once its paid off). The bank may charge you a monthly amount for using your overdraft, plus interest on the overdrawn amount. They can also choose to take it off you if you are in your overdraft for too long. Its best to learn to budget without one. |
|
richardhwright@btinternet.com
|
Basically, it is spending more money than u actually have. but going overdrawn is very risky as banks charge large amounts of interest on overdrafts like 15%. |
|
tricey0520
|
an over draft is when you, for example, have like $45.00 in your account you go shopping using your account and spend $47.00 thats an over draft because the bank had to pay $2.00 for you and will charge your account $35.00 (or what ever your bank charge for overdrafts) for just a $2.00 mistake |
|
Peter R
|
Generally, it's if your current account has a minus balance i.e you owe the bank! |
|
383 STROKED!
|
An overdraft occurs when withdrawals from a bank account exceed the available balance which gives the account a negative balance - a person can be said to have gone "overdrawn". Hope this helps some...... |
|
Nadia E
|
just means you've gone over the amount oon your bank account. the longer you leave it the more you hav 2 pay back in some banks |
|
James C
|
It is when you spend more money then is available in your bank. |
|
just me
|
when you have money in your savings account and you spend more money than is in your checking account,they pull it out of your savings to cover it. |
|
deltagremlin
 |
http://www.moneymadeclear.fsa.gov.uk/products/loans/types/bank_overdraft.html |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
14 | 29 minutes(s) ago
| | | |
14 | 47 minutes(s) ago
| | | |
14 | 49 minutes(s) ago
| | | |
14 | 3 hour(s) ago
| | | |
14 | 7 hour(s) ago
| | | |
14 | 10 hour(s) ago
| | | |
14 | 11 hour(s) ago
| | | |
14 | 2 day(s) ago
| | | |
11 | 5 day(s) ago
| | | |
14 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
