 How can I save money on groceries? |
| We are moving into our own house and I know that the first time buying groceries is very expensive because you have to get all the basics that you needs ( cleaning stuff, spices condiments, ect) we ... |
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 Is it possible to be too rich? |
| Wondering if I would be happy earning a fortune....... |
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 How can kids make money fast? |
but not around the house and no babysit, washing the car or lemonade stand
Additional Details
what if you are 13 and no answer saying i dont ... |
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 Fun ways for a teen to earn money!?! help plz? |
| this summer ive already spent 80.00$ and my parents wont give me any more. i need to earn some money and i would also like to have fun. im only 13 so i cant get a job! what do i do? plz ... |
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 Need everyones help? |
| how can I make 1000-5000 dollars (around there) a month I need to help my parents big time and i have to support myself to and i'm still young please help me ... |
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 Spend £800 on clothes a month, I am 22 and female? |
Spend £800 on clothes a month, I am 22 and female?
spend £800 on clothes a month, I am 22 and female?
Is this bad? and I wash them after a ouple of wear and put them on ebay so that tey ... |
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 Bankrupt do i still have to pay them? |
| i had a call today from a company which i bought some blinds from i paid them 10pound each week.They told me they have gone bankrupt and i owe them 300pound but they will settle it at half if i pay ... |
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 Can i get a loan at 16?......? |
| once ive left school i want to start up my own business straight away...will i be able to get a loan?... |
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 Should my husband and I get IRA's? |
| My husband and I are both in our twenties and we have one child. Neither of our employers has a 401-K plan; we are considering getting an IRA. Could anyone explain to me the benefits of an IRA, how IR... |
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 I am looking for any kind of money saving tips.? |
| On trying to find any kind of money saving tips or ideas. Please help.......... |
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 I have $20,000, now what? |
| I am 19 years old and I currently have $20,000 in a CD that is almost over and I want to turn this money into a lot more money somehow, besides taking it to a casino. What should I do?... |
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newmommy30 | If I make a payment on my car loan every two weeks do I save money on interest and pay if off faster? |
I am trying to find out if I make a payment every two weeks on my car do I pay off the car faster and save on interest instead of paying it once a month... and how do I determine how much I am saving (if any).....ex. If my car payment is 400 a month due on the 15 th -- instead of paying it once a month if I pay 200 on the last day of the month and 200 on the 15th....... |
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bull_rooster_aardvark
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Sure, you save a little bit. Not much, but every bit helps.
To do the calculation, suppose there are 31 days in the month, you pay on the 15th (16 days early) and you interest rate is 8%.
The calculation is (days early) / (days in year) * interest rate * dollars paid early.
So, you saved 16/365 * .08 *200 = 70 cents (per month). As you can see this won't make you rich anytime soon, but every bit helps. |
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mandatheloon
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I think it really depends on your specific auto loan. For example, some loans charge a penalty if you pay it off early (thus avoiding some interest fees), but the auto loan I have has no early payment penalties, because the interest was already accounted for when we signed our paperwork. You should probably peruse your paperwork or contact your loan company/car seller to find out what type of loan you're in. |
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Shane H
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Yeah u will save on interest...the faster its paid the more u will save! if u pay the loan back in double the time that was originally agreed u should pay half the interest as the longer u have a loan out the more interest it will gain...thats how banks make their money!! |
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stan c
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If you have an open end loan, you can pay it down anytime. If you're a home owner, it would be better to apply the extra $ towards the mortgage if that's an open end. |
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wishiwas
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I think it depends on the loan. Some of them have penalties for paying off early. But the penalty I would imagine is less than the overall interest.
If I were you, I would call the loan company and ask about your specify loan. |
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Anna K
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Today every person has need of car, because it has become the necessary need for the people and status symbol also. If you have bad credit history or poor credit history and look for purchase a car, then it is very tough for you. Due to bad credit history, lenders are not keen toward<!--providing you loan, but do not be discouraged.Generally, bad credit car loans are available at higher interest rate, but you can take at competitive interest rate after placing your assets as collateral in secured bad credit cal loan.
http://badcredits.awardspace.com/guaranteed-car-loan.htm
You also can grab bad credit car loan without keeping your asset as collateral, but you have to pay competitively higher interest rate. Hence-->you can take this loan at better rate, because competition among lender.You can reduce your interest rate after talking with the lender |
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Me
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Auto loans used to be set up using the "Rule of 78ths", but it's rarely used any more. Most loans are simple interest loans and on a simple interest loan whether it be mortgage, auto, school, whatever ... ask 2 things - 1) Is there a pre-payment penalty? 2) is interest calculated by simple interest or by the rule of 78ths? If there is no prepayment penalty & you're set up on simple interest, you'll save a bunch. Use the calculations suggested earlier.
I'm sorry about the rude comments from earlier posts. They obviously need to do a little homework before anwering so quickly.
Good luck.
If your interested, the rule of 78ths was developed to make sure that lenders actually made some money. Long ago, people paid cash for most everything and lenders had a hard time making money. Hard to believe, I know. |
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wisedrdave
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There exists a common fallacy among "financial advisors" that paying your mortage or any APR structured debt every 2 weeks affords a big savings over time. Someshat true. But it's more effective to jsut make one extra monthly payment (designate you want it applid to prinipal only) each year. For exact calculation and how to pay x to save x go to michaelbluejay.com/house/payoffearly. Also, good info at wsj.com, kiplinger.com, and mtgprofessor. Principles can be applied to car loans.
Don't forget, a car is a sharply depreciating asset (barely qualifies as an asset really). People would be wise to buy the sweet spot 3-4 year old car at half the price of the new one and finance as little as possible. IF financing, shop around for rates and termsavoid dealer finance co., usually.
The "PF Model" is the best car=Paid For. |
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satanettaanus
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if you had to ask a question like this i'm scared for you and your child if you are a new mommy
what a stupid question |
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