 What would you do with E75million jackpot on Eurolottery? |
if you won.
Additional Details
my flatmate's uncle won the VERY FIRST EVER UK LOTTERY so it can happen lol..just not to me i guess!
:-)... |
|
 I need 6500 monthly but have income of 3000 monthly.? |
The expenses can lower to 5000.
What other finantial moves can help to cover the monthly expenses?... |
|
 Need a personal loan ASAP have bad credit and por history can any one help? |
| I am in need of a personal loan. I have bad credit and a low credit score I do not want to go to a payday advance loan. My credit is bad due to a divorce. I am a single mom of 3 and just looking ... |
|
 How can i get my money back? |
| I lent my friend 80 quid, she told me she would give me it back in a week, this is now a week later and she has been avoiding my texts as we live in different parts of the country, i bank transfered ... |
|
 My dad has gone bankrupt can they come after me? |
| my dad purchursed a motorcycle for my birthday before he became bankrupt i am the legal owner and keeper of the motorcycle the receipt for the bike is in my name. can they take the bike off me. they ... |
|
 Saving home in foreclosure? |
| My home is in foreclosure, I have a cr score of 500, and I'm at 85% of my home appraised value. Is there ANY possible way to save my home that does NOT involve declaring bankruptcy?... |
|
 What is the most cash that you have ever held in your hand at one time ? |
| Checks and money orders don't count..If you work for a bank or store you are not disqualified to answer this question. Also how much actual cash have you held in your hands that was yours..not ... |
|
 Is it a scam? |
| im a 24 yr old women, ive managed to get myself into a bit of a situation after a run of bad luck,someone ive met has offered 2 help me out, i am a little wary of this though as in my experience no ... |
|
 How do i get a 5000 dollar loan? with hardly any terms on it? |
| i need 5000 in the next few weeks to take care of my wedding expenses i have 2 jobs one of them i work every day at but i need a quick loan i dont care if i have to pay back double, how do i go about ... |
|
 What should i do i need money fast? |
| I need $3000 for school, i tried loans but i have no co-signer that has good credit, i have no credit nor a job. Are there any loans that will help me out. Any ideas? Im at wits end...Please no ... |
|
 What is the most money (your own) that you have spent in one day? Exclude buying a house? |
Additional Details
What did you spend it on - if that's not too personal a question to ask.... |
|
 Is This a Good Idea? |
Is it wise to use part of a home equity loan to pay off part of a spouse's debt? Wouldn't this help the couple as a whole, even though one may have incurred the debt??
Additional D... |
|
|  |
leidy101 | Is it better to save up or to pay off debt? |
I want to save but I have a big credit bill and a student loan bill as well as many other exrenses. So I am trying to send higher payments on my loan and credit card but I am not saving at all as a result. So is it better to send an extra $100 to the bills or to put it away in the bank. |
 |
 
tomhicks206
 |
Well, the answer to this question depends entirely on corresponding APRs (Annual Percentage Rates). Many times when you carry balances forward on credit cards, it is at a 20%+ APR. You need to first differentiate between high APR and low APR debt. Credit Card is definitely looked upon by credit reviewers as "bad debt". Student Loans, on the other hand, are frequently government subsidized, and even in the case that they are not, they normally don't have over a 5% interest rate.
My advice to my clients is always to pay off high APR debt, and then accumulate liquid savings of about two months of expenses for emergencies. After this point, you will want to pay the minimum on your low interest debt, and invest for your future. Over long periods of time, investing in stock driven mutual funds has shown average returns of over 10% annually. The entire point to this is you could either by gaining 10% per year by investing/saving, or you could be saving 2-3% per year by paying off student loans early. In most situation, the net difference is highly favorable over time. |
|
Felicia
|
Pay off your debit first... They will acquire interest and you will end up spending more in the future.. |
|
hottotrot1_usa
|
1. You should keep an "emergency reserve." I don't know your situation, but save up $500 and keep it around, earning interest, in case of emergency.
2. Then pay off high interest loans as fast as you can. If the interest rate on the loans is high, or higher than the rate you get on savings, then pay off the loans. |
|
MAXIMUS
 |
best to pay off debt. otherwise it will keep building and you'll have the same or higher to pay |
|
jwsou812
|
Well, both are important. But ultimately you will be able to save more effectively when you have no debt. So I would say tackle the debt first. Besides, if the debt service you have costs you in finance charges or interest, you would just be flushing miney down the toilet if you don't get rid of those liabilities before you start saving. |
|
leaptad
|
Pay off any secured debts you have first (student loans, etc). and then worry about unsecured debts (credit card). Once you get to the credit cards, save half and pay half to the lender. |
|
Mr B
|
Paying off your creditors is always a better idea because it affects your credit score. It also saves you money in the long run. |
|
mandisa33
|
Depending upon your age, you want to get your bills out of the way as quickly as possible but at the same time, you don't want to end up having to borrow from someone next week to cover the following week's expenses. I learned early on to pay myself first. If you bring home $500.00 a week, put up $100.00 each week for yourself no matter what the circumstances and put it somewhere where you are not getting pieces of it each month. That's called "paying yourself first". The first law of nature is the law of survival.......this is how it begins. Trust me, at my age, I have learned a thing or two having made many mistakes where money is concerned. As long as your bills are getting paid in a timely manner, the amount does not have to be exactly what they are asking for. Skim off ten percent if you need to to cover your other expenses each month. Make it up at the end of the year. |
|
teresathegreat
 |
Pay off your debt, definitely! Your credit card debt is a HUGE problem on your credit report/score. make that your number one priority until the debt is gone.
Having assets/savings doesn't help your net worth or your credit score if you have liabilties/debts.
Call the American Consumer Counseling Center - unlike a lot of those "debt solution" places, this is a non-profit and won't take your money. They can give you some great counseling and advise you on the best options for your particular situation.
American Consumer Counseling Center
http://www.consumercredit.com/ or 1-800-769-3571
Also, get down to your local library tonight and start checking out personal finance books - they can be wonderfully empowering and inspiring, and most are written in simple, easy-to-understand terms.
-The Complete Idiot's Guide to Personal Finance in your 20s and 30s
-The Complete Idiot's Guide to Managing Your Money
-“Smart Women Finish Rich” or “The Automatic Millionaire”, by David Bach
-any Suzy Orman books |
|
Katrina B
|
Yup.... pay off debt. But when it's gone, put all that money into savings. |
|
dayna
 |
pay it off!! that's the best thing you can do. your debt cost you more interest than you will be earning on the money you save. pay off your debt, and then after it is gone, you can save the moeny that you were using to pay your bills to save. i promise that if you don't pay it off and cancel your credit cards whie they are low, you will regret it forever. |
|
Mr. God
|
its better to pay off debt. Until you are debt free, you really arent saving |
|
orcastrated
 |
pay off bills first!!!! |
|
2shay
|
I would pay an extra $50 a month to the credit bill because the interest rate is most likely higher than the student loan. I would put the other $50 in the bank. Consolidate your student loans (if you haven't already) and if you can have the student loan with an automatic debt to your account you can save $ that way too.
The key is to get that credit bill paid off and not use it anymore. Make your min on your student loan, then when the credit is paid off take the money you were paying it each month cut it in half and send that to the student loan. |
|
ushma_a_shah
|
I think you should pay off your debts first as the mongrols at the big companies are always adding more, and more, interest.
You'll be able to save up afterward so don't stress out too much. |
|
dreamon
|
Do both at the same time. I'm in pretty much the same situation as you are. It's really important to try to get rid of your debt while you're young, but you also need to save in case something unexpected comes up. Make payments that you can afford, and look at your savings account also as a "payment" that you have to make monthly. That way, you're making yourself save up, but staying within your budget! |
|
pm
 |
Pay off the debt as fast as possible. |
|
Answers4u
|
How stable is your source of income? While it is very important to pay off debt, if you aren't certain you will have a job while doing that, you will need savings as well. Also, keep in mind that student loans can be a tax deduction so you may not want to pay them off right away.
I'd recommend:
Pay off credit card bills as much as you can
Pay off minimum + 10% on student loans (so pay off interest + some principle)
Put 2% of paycheck into savings
Budget rest of the money and live carefully
Also, do NOT use the credit cards for anything you can't pay off but DO continue to use them if you can pay it off (for example, if you buy groceries or gas, use it and then pay it off so you can keep the credit built up and you know you'll have money in the budget to pay that) or if you feel you cannot do that safely, freeze the cards (put them in a plastic bag, put that in a container of water and put it in the freezer) and you won't be tempted to use them while paying them off.
Once again, it all comes down to a budget. Your budget should be able to cover bills as well as a small amount in savings.
hope that helps, good luck to you |
|
cal1
 |
What I didn't hear people say about this issue is that Murphy always comes into the picture when you are trying to do something with money. What I mean by that is that something will always seem to occur to make you not want to save money .....you'll need new tires, you have to fix this, you need to pay that etc......Thats Murphy's law. So save a little while you pay off your bills is smart. The student loan bill is a low interest loan right? The credit card needs to be paid as quickly as possible! If you are eligible for a 401k plan where you work then by all means at least save enough in it to get your employers matching amount. Plus you need to save up an emergency fund.....try this.....save $20 each week. After 1 year you will have $1080 dollars in savings plus your debt should be a lot less because you have cut your spending and are paying your debt and loan down as soon as possible! Peace |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
19 | 40 minutes(s) ago
| | | |
17 | 46 minutes(s) ago
| | | |
19 | 2 hour(s) ago
| | | |
19 | 6 hour(s) ago
| | | |
18 | 7 hour(s) ago
| | | |
15 | 8 hour(s) ago
| | | |
19 | 1 day(s) ago
| | | |
19 | 3 day(s) ago
| | | |
19 | 4 day(s) ago
| | | |
19 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
