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How can I raise £3000 in a month? |
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When a bank goes bankrupt, do you still owe them money? |
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... |
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Negative in my checking account? |
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Which is the best bank/building society to save your money in? |
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Getting another loan without a credit check? |
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Carrie | Saving for college? |
Our child is turning two in a few months and we want to start saving for her college education. We don't know where to begin though. What are the best ways to do this? How much could we realistically save for her in the next 16 years by putting a little away each month. We might be able to afford $100 or more now, per month. Please help!
Thanks!! |
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bud68
 |
Look into 529 college plans. |
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Jacqueline K
 |
if u were to save $100 per month every month, u would be able to save about $19 200 for her colledge. But u must remember that there will be times when u will be short on money and if that happens u should pay $100 + the amount that u didn't save the month before, so that u will never lower the amount of savings. If however u are doing well financially u can save more than $100 a month. |
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D.C. B
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In missouri we call it a MOST plan. You can deduct the money you put in to the account, and as long as she uses it for school she get's it tax free. If, when she is 18, she decides to buy a car with the money she will pay tax. She is 2 now? If you can save 100.00 a month for 16 years you will be way way ahead of most people. |
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Español
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you can save upwards of 19000 for her college. depending on whether she stays instate or goes to a private university this should be a good chunk of her college. |
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hawks1690
 |
Hi ,
I found a good site to help plan for you're future.
Thanks |
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$andman
 |
529 plan |
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sweetie244
|
star by opening a college fund or even a savings account and start depositing.....it adds up really fast |
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Greg W
 |
$100 a month for 16 years is 19,200. So I'd say about that much unless you invest it, in which case you would also garnish interest on that money if it's in a secure investment like a Savings Account. |
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gmcoffee
 |
In-state tuition: $10,000 (maximum possible)
Room and Board: $8,000
Total: $18,000
Save $94 per month
Out-of-state tuition: $20,000 - $30,000
Room and Board: $8,000
Total: $28,000 - $38,000
Save $146 - $198 per month
Beware: Tuition rates will rise greatly in 16 years
Note: These calculations are only for one year of college, multiply by four for all four years. |
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pcdude87
 |
well im not entirely how to help you save, but if you live in indiana, you can get a free scholor ship to a collage, just by staying out of trouble with law and passing classes with 21st century scholar i am sure there are other ones like that |
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kckid2
 |
Their college education is likely to cost 150 -200k by the time age 18. Use Google to search Section 529 plans. These, and Coverdell Education IRAs are the best tool for saving up |
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:]<3
|
If you can afford it, go for it. Start an account just for your kid, and make sure the information is kept hidden-- you don't want anyone getting ahold of THAT money. Per paycheck, put away x amount of money-- if its monthly, $100, weekly, maybe $25.
Your child is lucky to have a parent as great as you who looks to the future-- I wish my mom did that for me... |
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John
 |
What my wife and i are doing is saving $200 a month for my son's college in regular savings and CDs. I checked into the college saver funds and didn't like the fact that he would have control of the money. If he doesn't go to college then I'm taking the money and traveling around the world. Tax wise this is not the way to go but I don't care.
$200/month for 17 years at 4% will be about $55,000. My son is turning 3 this month and he already has $7,000 for college. |
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