 Is $400 a lot of money? |
I am turning 16 and my parents gave my sister a bed worth 400 bucks when she turned sixteen. turns out they wont spend a penny more on me.
the thing is that i wanted to get a laptop but ... |
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 My brotherinlaw has got himself in debt,he would like to borrow 5k should i loan it to him? |
| I have my own money problems and if i do loan him the money it will come with a great burden.... |
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 Should I borrow from my 401k to pay credit card bills? |
| In a tough financial position. Have nearly 13,000 in credit card debt. Some of the percentages--29% interest, 28%. I can borrow from 401k and rapay at lower interest, or is it better to take from ... |
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 How can I make $3000 in six months? |
I'm planning a trip this summer (June '09) and I'm looking to start saving for it now. I estimate it'll cost about $3000 total.
I'm a full-time student, I have a ... |
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 How long would £1000 000 last YOU? |
would you keep it in the bank for A while ,so you get a nice amount of interest?
or blow it?... |
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 What do you think is the best way to get rich? |
saving isnt a good way. its slow and take out all the fun in life.
getting a job is a very classic way so no good
getting high education : hmm. everyone is getting it so doesnt make me so ... |
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 Help me have i been scammed? |
| I went on ebay tonight and bidded on a ps3 and i won the bid. It was only after i made the payment i noticed that the seller said, you have just bidded on an envelope only and these envelopes will ... |
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 My hubby and I want to buy a house? |
-We don't have any credit card debt
-We have a personal loan (current) with a balance of $3300
-We both have car loans. He'll be done paying for his Dec. 2009. Me-June 2012
-W... |
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 Does anyone know how i can make some money on the net? |
| i have been broke for a while.. i lost my job and had a hard time finding another.. the one i got isn't the best... and i need to make some easy money on here.. i know there are ways... someone ... |
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 All that I have left of my savings....... I was so naive!? |
A GENUINE CRY FOR HELP from a 79 year old.
A few years ago, I very stupidly I invested ALL of my SAVINGS (£3,000), in Aberdeen Technology.
However, soon after investing, the technology ... |
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 What is the best way for me to save money? |
| you see i have a job that pays well. i want to start a business soon but i just cant get myself to save money. how do i start saving money? please help. ... |
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 What is the easiest and surest way of making a million dollars in the shortest period of time? |
I will give someone, A Best Answer, for whoever can give the most accurate answer.
Additional Details
And what will it cost or take?... |
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 Does gasoline prices have an effect on your lifestyle? |
| here in georgia $3.10 a gallon. i notice that weekend is mostly at or near home now. i use to love to go ... |
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 How much of my student loans should I pay off immediately? |
I'm finishing up my masters degree in electrical engineering soon and here's my situation:
$40k in student loans @ 6.8%
No other debt/revolving balances on credit cards
... |
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friscodisco | Which debt should I pay off first? |
Hi! I have a sudden windfall of about $8000. I want to use the money to pay off some debt, but am confused in which order. Here is the laundry list:
1) CC #1: $5000; 3.99% interest (it's low b/c I transferred)
2) CC #2: $2000; 15% interest
3) Student Loan: $10,000: 10% interest (variable)
I was thinking of paying off my two cc's in total, and using the remaining $1000 towards the student loan. I know the conventional advice would be to pay off the highest interest loan first (student loan), but I am hesitant b/c a) paying off my ccs in full will boost up my credit score more; b) the psychological bonus of paying two items in total; c) I couldn't pay off the student loan in total anyway w/$8000.
Advice is appreciated! |
 |
 
AU B
|
I would pay off the credit cards first, and put the rest towards the student loan. I think I would benefit most from the psychological THRILL of eliminating 2 of 3 payments. Besides, the 3.99% interest rate may increase after an introductory period. I also think that I'd be more motivated to pay extra (beyond the minimum payment) on the student loan if the other two bills were out of the way. Either way, it must feel AWESOME to get rid of that debt! What a blessing! Keep up the level-headed thinking. ;) |
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XoxoxoxoX
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I understand the psychological about paying off those credit cards in full. But since one of the cc only has 3.99% which is a very good low rate. You really should pay off the credit card with 15% interest and majority part of the student loan. Even the student loan is a variable rate, and even IF there is trend of the interests going down, it not going down as low as 3.99%. So go with your first instint and pay off the highest interest rates. And do still focus on the student loan over the 3.99% credit card after the $8,000 payments. |
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krennao
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Pay the one with the highest interest rates for your credit card.Both CC's |
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Gary
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Pay off your credit cards. Put the remaining $1,000 in the bank for emergencies so you won't have to use your credit cards. Keep paying on your student loan, increase your payments since you will no longer have credit cards to pay. |
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bdancer222
 |
Pay off the credit cards. It will have a positive impact on your credit score. Make sure that you don't run up those credit card balances again. Only charge what you can afford to pay in full at the end of each month.
Take what you had been paying towards those credit cards and add that to your student loan payments. That will get those paid off faster. |
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♥♣♥
 |
You should always pay off the debt with the highest rate first. Pay $2,000.00 to pay off the 15% card.
Pay $6,000.00 towards the 10% student loan.
Once you pay off the 15% card, the credit card comapny will probably send you a balance transfer offer or checks at a very low interest rate. If they send you very low interest rate checks for the life of the balance I would use the checks to pay $2,000.00 toward the student loan. |
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Ron K
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3 - 2 then 1 |
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billie b
 |
I would pay off the cc's first as the student loan can be taken care of over time and if you go back to school for any reason can be postponed. Not that I'm recommending you post pone paying it but you get what I mean. Also I have been told by a friend who is a loan officer that student loan payments don't reflect positively on you credit report if paid on time, only negative if not paid. So paying it off sooner won't help your credit, it will just be paid off. |
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Lucy
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Maybe you could pay $4,000 on your student loan, then the $2,000 credit card and $2000 on the low interest card. Just an idea, then your high interest card would be paid off and you would have a significantly lower balance on your student loan and the other card has really low interest so if you make double payments the rest of the time it will get paid off sooner. But I'm no expert. |
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judith11center
 |
Put one-half of your windfall into a savings account! You never know when you might need it!
Use the remaining $4,000 to pay off the $2,000 loan completely because it has the highest interest rate) and then use the other $2,000 to pay down your student loan. |
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jessie
 |
I would start on the student loan because it has a high interest rate on a large amount, then I would go to consumer credit counseling services (CCCS) to see if I could get those interest rates lowered even further and have charges taken off the total amount. They are a non profit organization so the consultation would be free and very helpful for setting up payment plans you can afford. |
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