 How can I stop spending money on line? |
| It is all to easy to shop on here, but I have to stop,otherwise I will have no spending money for my holiday.... |
|
 How can I get money back for goods ordered but not received when the company has went bankrupt/liquidation? |
| Farepak Hampers have went bankrupt or in liquidation and all our much needed christmas savings for vouchers have all but disappeared. What can we do (10 weeks before christmas)???... |
|
 If I make $100 000 a year, is that a lot compared to most people? |
Additional Details
Im 33 in a relationship, and live in Canada, Ontario.... |
|
 Why take out a Credit Card? |
| OK so what are the benefits of credit cards?... |
|
 How much do you save per month? |
| Is £150 per month a good amount to put into a savings account for if ever my wife and I were to have a baby, we'd have that money set aside for all the costs that come with it? is £150 per ... |
|
 I'm in need of a personal loan. Is anyone willing to help? |
| Is there anyone out there that is willing to borrow money to me. I've exhausted every option, and because of my poor credit score I cannot get approved for a loan. I'm trying to get back ... |
|
 How do u save money!!? |
Hi i am moving out of my parents home soon with my partner and our 4 month old son and i was wondering how everyone save's money around the house and on grocery shopping?
Thank you in ... |
|
 Why do people get CDs? |
Are they just stupid?
A measly 5% a year, for holding your money and not letting you access it? Especially when most start at $2,500 minimum. Our expenses yearly (obviously) far exceed ... |
|
 I have a debt problem. I am receiving collection letters from a company. This all came from a divorce.? |
| My ex used a credit card i didn't know we had after we were separated. 4 years later i am finding out he is in about $20,000.00 in debt. How can i find out from the info i have from the ... |
|
 Can I afford it? |
| So I would really like to buy the Dell XPS M1710 Total Domination laptop, and the price is $4,950 or $149/month. I make $7.00 an hour and work anywhere between 25 and 40 hours a week meaning I make ... |
|
 Would you retire at the age of 22? |
| My husband wanted to know if you could or do make 2700 a month and will recieve it for the rest of your life, would you retire at the age of 22?... |
|
 I need to find a loan shark asap.? |
Do not answer my post if all you have to say is don't do it because you will be wasting your time and mine.
No place will do a loan because of my ex screwing up my credit so don't ... |
|
| Bankruptcy before marriage? |
| I recently filed for bankruptcy because of a failed business. I had to file chapter 7. It is to be resolved in the next month. I am also planning on getting married, but not for another year or so.... |
|
 I gt mail frm yahoo mentioning I won Yahoo UK lottery is it true? |
I m gettin some mail from YAhoo mentioning that I won $800,000,00 doller on promotional yahoo Lotteery.
IT also envolve the HSBC BANK and Later ICICI for INDAIN trnsfer of money
... |
|
|  |
bellesette | If I choose never to buy a home-- what will happen when I retire? See Details.? |
Will pension and social security be enough to keep paying my rent? |
 |
 
paintedhorse30
|
Odd question. Well first of all if you can even find a job that has a pension that would be a miracle in itself. Second of all, as you know by now, buying a house doesn't mean "jack". House value's can go down, down, down and therefore you won't have anything anyway. I for one will never buy another house unless I have the cash and absolutely no mortgage. Buying a house is no longer a sound investment.
You're best bet is to concentrate on your IRA's and any other retirement funds you may have started. |
|
hoodoowoman
|
Honestly, that depends on how well you plan and save. You live in the us and have a pension? Lucky YOU. |
|
Deven C
 |
There is some algebra that could be used to figure out this problem. But the smartest thing to do today is not to fully retire... If your going to retire, you should still have some sort of working income, even if its on a small scale. I say this because statistics show that full retirement is very unhealthy |
|
jackson
|
More and more pensions with private companies are melting away. Thos that don't say like a state or county one do not keep up with inflation. Remember you are banking on this for life. Social security will not cover squat.
When you are renting you are tossing money down a hole to be never seen again. The price of renting could far outstrip what you have.
If you have a decent down payment even now the mortagage can be less than renting.
If you have a house it some of the money put in stays yours. After enough years you can fefi your mortage down so you are actually paying less than rental prices. Eventually you will not even have a mortgage. And if worse comes to worse you can sell your house.
The first key to financial success is to own a house. If you are younger at this point it does not have to be the biggest or grandest place. But at least you will be investing in something.
Don't be put off by this whole real estate mess that is occuring now. People did not put enough down and got loans that they could not afford. People did not do their own research as well. My current mortgage is fixed so I have no issues. Those in my neighborhood that over reached are defaulting right and left. It is a shame because with what is being put in and location the values are actually rising.
Anyway you could maybe get by but we are talking YEARS plus possible uncertainty. You should buy a house.
But again much would depend on your age and current situation. |
|
Sunshine
|
With rent as high as it is now, I don't see how a person could live in an apartment. Fortunately, I paid the last payment on my home the year I retired. Even though my Social Security Benefits and retirement annuity is fairly good, I know I couldn't afford an apartment. |
|
genius1stature
 |
Only you can answer that because you should get a report quarterly from Social Security as to how much you will get when you retire and it tells you age by age. Also, whatever your pension will be is something only you know of the amount you'll be receiving. Do the math and see if the home is affordable at that time in your life. |
|
H A E
|
Most jobs aren't offering pensions anymore and social security can't be counted on. If you don't own your own home, imo, retirement savings are even more important. |
|
Insurance Pickle.com
|
a pension and social security aren't enough whether or ot you own your home. |
|
DW
|
Only if you plan really, really well. Put it this way, most people buy a house as their primary pension fund. |
|
march26baby2oo8
 |
OK let me tell you a secret. As much money as you put towards rent, THAT would be about the same as your mortgage payments. Why not put your rent money towards purchasing a house. If you don't own a home while your retired, nothing will happen.... you'd just be paying more bills then you would if you had owned your own home.. |
|
mac
|
That all depends on your pension. With the housing market crashing in the US--there are only a few choice towns across our country where the face value of your house has not depreciated to less than you paid, putting the money you would have spent on what would be considered a risky investment in today's housing market, into a good diversified pension would definitely be safer than buying a home. So yes, you should be set. |
|
Alex
 |
How much will your pension and other things be? how much is the rent? My God my dear More Detail Please. |
|
lastmile77
 |
That can't be answered without knowing what your pension and social security income will be. Personally I wouldn't count on either, especially the later.
And I assume you are thinking of either having the house paid off at retirement or at least knowing what your payment will be since you'd have a fixed rate mortgage.
You would have to try to find historical data for rental rates (in your area) and compare them to increases in social security. But that doesn't help much since that fixed income could be eaten up by all kinds of other rising costs even if it looks like increases meet or exceed rental costs.
The easiest thing to do, though I hate to recommend planning on anecdotes, is to ask retired people who are renting now how they are getting along.
Regardless of the answer I wouldn't let it sway you one way or the other in your choice of buying a home without knowing if the problems or benefits of renting while retired outweigh the benefits of owning for all the other years of your life.
Actually there has got to be data on this somewhere. There are plenty of people who will never buy a house in some areas. Somebody must be looking at them vs home owners. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
14 | 38 minutes(s) ago
| | | |
13 | 1 hour(s) ago
| | | |
13 | 5 hour(s) ago
| | | |
13 | 7 hour(s) ago
| | | |
12 | 2 day(s) ago
| | | |
13 | 6 day(s) ago
| | | |
13 | 2 week(s) ago
| | | |
13 | 1 month(s) ago
| | | |
14 | 3 month(s) ago
| | | |
13 | 7 month(s) ago
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
