 Help!! 14 yr. old need to make 100$ fast!!! before June 14th!!!!? |
| OK..i am 14 and i currently have no job...i need a new phone .well want....and i have to get it before june 14th as that is the day i leave..any suggestions to what i can do before then?? please ... |
|
 Do banks allow deposits of over $15 000 in cold hard cash? |
| I am buying a used car with straight up cash soon, I just want to see if I can pay 15 000 in cash wihout any trouble. Maybe the tax man would need some signature or something...... |
|
 Ok Youvwe Just Found One Trillion ! :D? |
| Youve Found A Trillion Pounds. Not Dollars Trillion Is About $500 Billion.. Ok So What Will You Do? With It?... |
|
 Can you deposit a check into your bank account at a different bank (one where you do not hold an account)? |
| Is it possible to walk into a Bank of America, for example, and ask them to deposit your check into your Wachovia bank account? If so, how many days does it usually take to clear/process and are ... |
|
 Do you think you could become a Millionaire if you put your mind to it? |
I think we are all budding Millionaires if we could just come up with a good idea.
Additional Details
Quiz I would never want to win a Million but I would love to make it through hard ... |
|
 I am trying to find info on how to sign on for unemployment, but i can't find anything, i go round in circles |
I have been unemployed for little over a year now. I can't get anywhere and can barly afford to get driving lessons so that i can get a licence, a car and then get to a job.
I havn't ... |
|
 I don't know how I'm going to make enough money to do this!? =(? |
I'm nearly 16, and I've always wanted to buy my own house and have a large property so I can own a few horses.
My family isn't rich, we're renting and at the end of the week ... |
|
 Help!!!!!!!!!!!!? |
| I need 85ish dollars in 2/3 days. Is there any way I can raise that amount of money in that amount of time?... |
|
 Bank of America website choked? (can't get to "sign in" page)? |
| Is something wrong with bankofamerica.com website, or is it just overloaded? If I try to go to any "sign in" page IE 7.0 gives a generic error that it cannot load the page (no help at all).... |
|
 How to save money during supermarket shopping ? |
have you noticed how much the bill has increased recently - but the things i purchase are more or less the same ?
any tips would be great........ |
|
 I am applying for a loan on the Internet.? |
| This company deals with people with less than perfect credit. It is called Fairfax Lending Services out of Rochester, NY. I need to know if they are real and do want to help me, or just a loan ... |
|
 What is money? |
| If someone came to you and ask you to describe precisely what money is, using one word only, one word -- what would you say? Just one word please. Thank you.... |
|
 How much would this coin be worth? |
Hi, I have a coin from the 1600s. I wanted to know how much value it could have, it has been passed down for genarations and I was curious as to how much money it could be worth now.
Additional ... |
|
|  |
Prodigal Son | Easy 10 points for an Easy answer? |
I save £400 per month to my savings account I have dones this since the age of 16 and I'm now 20, if I was to retire at say 65 can you tell me how much I would have? and if I would still be able to get the state pension? Do you think I'd have a comfortable existence or would I be borderline poor?
Much appreciated,
Thank you in advance YA!! |
 |
 
floppity
 |
If I were you I'd put it under the mattress, banks are a gamble and then the tax man will come and nick half of it. I can't really be bothered to get my calculator out, so I'd take a guess to say that you'd be pretty comfortable - unless the bank takes a fall or theres another wall street crash or you get divorced. |
|
Dazed & Confused
 |
Between now and then you would save $216,000, not counting interest and what cash you have already saved. It would depend on your lifestyle how much money you would need to make it. |
|
Jonathan
|
How the hell does a 16 year old get 400 per month to save??!
Also, there's no mention of or knowing what kind of interest there would be, in 45 years there may not even be a state pension and your savings account might have been harvested by a corrupt banker, or wiped out by a bad investment. |
|
kate
|
Sorry , by the time you retire in 40 to 50 years the planet will have totally changed .
If there is $$$$ , meat will be $100 a pound and produce will be similar .
No telling what house utilities will be like .
Saving good , trying to predict 45 years ahead ? futile .
> |
|
DK
|
The amount saved is highly dependent on the interest rate for your savings account. Assuming a conservative 2% APR, this would give you...
at age 17, you had about £ 5,472.13
at age 20, you have about £ 32,376,24
at age 30, you will have about £ 547,744,78
at age 40, you will have about £ 6,095,771,22
at age 50, you will have about £ 65,821,180,18
at age 60, you will have about £ 708,774,946,71
at age 65, you will have about £ 2,325,558,955.22
So, it's safe to say you won't be borderline poor--even if you don't get any pension. |
|
james l
|
£235200 Which is a site more than I'll ever have. I should think that when (if) you have a family you won't be able to save much if any. Most of us seem to live to or beyond our means. The key is if you have so much to INVEST not save. Property and land are always a safe bet. |
|
truttman
|
What is the balance you have now?
What rate of interest would you earn going forward?
What is the compounding period? Monthly, quarterly, annually?
Would you continue the 400 per month throughout your life, or, would you increase it every year, like maybe for inflation?
Need more info to answer, please. |
|
♥ (:
 |
I doubt you would still get getting $400 a month .. by the time you were 65. You should be getting .. more than that.
o__o;
And you would be spending some of that, too.
Unless you lived with your parents .. until that age. |
|
speedboat
|
You would have around two hundred and fifty thousand pounds, with interest a little more! It sounds a fair amount now, but in forty five years, you would be lucky if it bought you a car! Invest your money in a long term investment account, or better still, get a mortgage on a property, and pay your money into that, the rewards will be far higher!!
Good luck!! |
|
Razzle
 |
Spend it..you only live once..... |
|
nutter2b
|
You worry way too much. go out, meet someone and fall in and out of love. Get drunk and wake up in Barnsley.
In short - live life. It will get boring soon enough |
|
stormydays
 |
You will get your state pension whatever
you just want get a top up with pension credit
above based on todays figures and a savings of approx £80000 |
|
a new me UK
 |
400 per month = 4,800 per year
16 to 65 = 49 years
4,800 x 49 = 235,200 in total that you would have actually saved - presuming you had not increased the amount at all.
this does not take into account any interest paid to you. As you do not know what is going to happen in economy, inflation - deflation, it is impossible to say how this would equate against today's life style. I doubt if you would be eligible for a state pension, but I do not think you will be well off purely on these figures. |
|
firecat_mage
|
£235,200
This is not allowing for interest on the account or tax paid either.
Its quite easy to work out;
65 take away 16 is 49. (thats the years)
400 times 12 is 4800 (£4,800 per year)
49 times £4800 is £235,200 |
|
annsummerswench
|
235.000 |
|
Aces'n'eights
|
About a quarter of a million in savings, given the rate of inflation based on previous 20 years, would be worth in relative terms about £120,000 when you're 65. So, no it wont provide a 'comfortable existence' as the expected cost of living would mean that would last about 2-3 years. This takes no account of growth on the savings, which, if invested carefully could net another £150,000 in interest/dividends.
but this would only add about 1.5 years on to the orignal calculated cost of living.
And yes, you'd still be entitled to a state pension unless you opt out of SERPS (stautory ernings related pensiom scheme)
In that case the government would pay a subsidised amount into a private scheme until you're 65.
Confused? Yeah, I know, I'm only just getting to terms with it and I'm 38! |
|
Sarah G
|
You would have a fair wedge for your children to squander on Gambling and loose women. GET IT SPENT You skinflint. Enjoy your cash when you are young. You cant take it with you plus you will NEVER have as much money as Bill Gates, Richard Branson etc etc. SO WHY TRY. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
17 | 27 minutes(s) ago
| | | |
16 | 48 minutes(s) ago
| | | |
5 | 3 hour(s) ago
| | | |
16 | 4 hour(s) ago
| | | |
17 | 9 hour(s) ago
| | | |
17 | 1 day(s) ago
| | | |
9 | 4 day(s) ago
| | | |
16 | 1 week(s) ago
| | | |
16 | 2 month(s) ago
| | | |
16 | 6 month(s) ago
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
