 "Healthy" debt? |
I have heard that there is such a thing as "healthy" debt. I am just wondering- if it actually exists -how much/what kind of debt is healthy to have?
I'm a student with no ... |
|
 Can the balance on a loan increase as you pay? |
| The interest must be accumulating at a faster rate than I can pay it down, as the car loan was approximately $30,000 at a rate of 7% interest. I just checked with the bank, and after making 7 months ... |
|
 Hey all....In January of this year, my best friend asked me to borrow $300.00? |
| because she needed to go to the doctor. She thought she might have kidney stones. She does not have health insurance, so I did not hesitate to help her out. I gave her a check and she cashed it and ... |
|
 I just reached 50k!!!? |
| My bank account has just gone over £50.000...and the interest rates are increasing all the time...how should I invest my money?... |
|
| People are so shallow these days? |
| if you met someone and you truly got along with this person and yo could laugh and be yourself, and then you found out how much they made each year, and it was not a lot AT ALL....would this change ... |
|
 What's a quick way to make $50? |
| I need a LEGAL way to make $50 by tomorrow afternoon. Any ideas?... |
|
 Help, I need impartial opinions! How much should I pay my friend for his lawn mower? (see details)? |
He bought the mower 2 years ago and has only used it once. He paid $150 for it. If he sold it at this point, he might get $50-$100 for it. A new one would cost me about $200.
So what... |
|
 What's a good way to not spend money? |
| I am trying to save up to go shopping, but everytime I get money, I spend it. I got 10 bucks, and in 2 days I spent it on 60 chocolate covered pretzels for other people. (it was for valentines day) W... |
|
 I need to make money!? |
| i need to make money (no internet surveys, thanks you) in some way that a 6th grader can do.I dont want to work for one of u(sorry) but i already have $50 from v-day so if u have ways to spend money ... |
|
 Are pensions worth investing in? |
Additional Details
Thanks DCGIRL - I am UK based.... |
|
 Do you think Money is the devil??? |
| My little cousin (7years old) told me that money was the devil because people fight over it and have to work so hard just to give it away...what do you think???... |
|
 Do i like money? |
| $money$money$money$money$... |
|
 Can a bank just close my account? |
| I got a nice letter from the bank today (barclays) offering me a £3000 overdraft, i thought, how nice of them, so i rang them up, to try get £250, when i get through they tell me my account has ... |
|
 I need to come up with around $3,000 in 4 days.. Any recommendations. I've asked everyone already !!? |
| My husband is out of work and has been for 2 months now. We have 3 small children and the rent is due plus they took my vehicle and I only have 8 days left to get it back and they're going to ... |
|
|  |
jason m | What to do with $5000 at age 16? |
I know the best thing to do with that kind of money is to put it in a bank, but a savings doesn't give enough interest as to where a "CD" does. I'm not sure to put this in a College Fund or use a CD. Cause I know I won't ever be using this kind of money. What is the best solution for me? |
 |
 
Ronin
|
You're a little too young for that much money. You better send it to me and let me hold it for you, ok? |
|
J W
 |
you probably dont need it trust me i was your age and blew the same amount in two months on nothing. theres all types of ways to pay for college. put it in a CD or something that gains interest and forget all about it,....... |
|
gwenleonhard
 |
Put it into a CD for 3 years and don't touch it. It'll grow. Make sure that you shop for the highest CD rate. Call a few banks in your area and ask them what their rates are for a 3-year CD. A mutual fund would be good too but that's for a longer term. |
|
Chuy M
|
Put it in a savings account that will allow you to withdraw for college expenses. If you put it in a savings account at 4% (you can probably do better than that but just suppose) when you're 18 in 2 years it will have accrued ~$400 interest or at 21 in 5 years more than a $1000. A CD will give you evn more and government bonds have decents yeilds and the interest will not be taxable as capital gains. If you can find a two year CD at a good rate, go for it. You are making a very wise desicion to invest the money. |
|
kermit
|
CDs are good because you can choose the lenght of time you want to leave it in and it has a higher interest rate than regular savings accounts.
Usually, the shortest CD you can get is 6 months. The longest is like 5 years. Why don't you put it in a 6 month CD, and then when it comes due you can decide to take it out if you feel you need it. If you don't and you want to save it for college,put it in a 2 yr CD (then you will get it out when you're 18).
The longer the CD goes, the higher the interest rate will be. :)
Good thinking, girl! |
|
Willie J
|
CD's are a good option. Pick a term that works well for you. That is what I would do. |
|
Dave T
 |
Cds are a good choice if a little (ok a lot) on the conservative side. Savings bonds aren't much better interest wise and tie your money up for a long time (20 years).
One thing you might want to think about is what I call a rotating CD. Take 1/2 of the money and sink it into a 6-month CD and the other 1/2 into a 1-year CD. When the 6-month CD matures, re-invest it into a 1-year CD. As each of those mature, re-invest them back into 1-year CDs.
This way you'll only be at most 6-months from being able to get your hands on some of the money (in case of emergency) and you'll get better interest rates than simply putting your money into savings.
Good luck. |
|
starla_c
 |
CDs are good investments. You might contact an investor and get some professional advice. Perhaps an investor could turn the $5,000 into $50,000 over a period of time.
Good thinking! |
|
logonics_girl♥♥♥
|
Do you p[lan to attend college? put it in a savings account, and it can be used for either college or a new car or for when you are ready to move out on your own. trust me you will be able to use it!!!! |
|
tropical27
|
Do not put your money in a CD. Especially a Cd less than 1year as the interest will not compound. Plus a CD will only pay a rate of about 5.40% if you are lucky. You need to take the funds and open account with a company like Sharebuilder.com. Once the account is open buy 5 Dividend paying stocks. (Ex. SO, APRO, ECOL) Some stocks will pay 5% to 10% a year just in dividens plus what ever the stock goes up in value. Make sure you reinvest the dividens. A company like sharebuilder will allow you to add to your account at any time and even buy partial shares if you dont have enough to buy a whole share. " The power of compounding " When you turn 21 you will have alot more money. |
|
utarch
|
Buy stock in Apple (the company that makes the Ipod and the I -phone). |
|
Aaron M
|
give me a thousand, i am near homlessness.
Do what i want to do (but i got no money , and im 26), buy video equipment and start filming movies.
make money off of that. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 23 minutes(s) ago
| | | |
1 | 36 minutes(s) ago
| | | |
11 | 3 hour(s) ago
| | | |
12 | 4 hour(s) ago
| | | |
1 | 6 hour(s) ago
| | | |
12 | 7 hour(s) ago
| | | |
12 | 9 hour(s) ago
| | | |
13 | 10 hour(s) ago
| | | |
12 | 1 day(s) ago
| | | |
12 | 5 day(s) ago
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
