Personal Finance - July 2006

I'm 38, Married and have a primary mortgage of ~170,000 (@5.785%) and a HELOC of about 40,000 (@7.5%).

For years, I've always paid about $200/mo extra on my primary mortgage and contribute about 8% of my income to my 401K. Given the high interest rate on my HELOC, should I be putting every bit of available cash toward paying down my HELOC, or should I continue to invest in my 401K.

It seems to make sense for me to suspend my 401K contributions and put that money toward HELOC until the rates come back down or until the HELOC balance is more reasonable.

I have no other debt.

Any advice?

2006-07-15 08:22:39 · 5 answers · asked by mmurphy384 2

Me and my wife were in serious financial trouble However we went to a web site THELOWERLENDER.Com and they saved us!!! They helped us with our credit and had our rate come down significantly while putting money in our pocket! If you are having Financial difficulty or need to lower your monthly payments I strongly suggest www.TheLowerLender.com

2006-07-15 07:14:37 · 1 answers · asked by help me refinance 1

Should I pay off my second mortgage? Put it into a saving account? Im feeling so depressed and I need to make a move with the money I have. P. S I am 45 years old. Thanks

2006-07-15 07:14:03 · 9 answers · asked by What if....... 1

2006-07-15 07:00:02 · 2 answers · asked by Spanky 1

2006-07-15 06:00:17 · 5 answers · asked by crazycoreen 1

2006-07-15 05:53:46 · 5 answers · asked by KDog 1

2006-07-15 04:42:37 · 3 answers · asked by rxsimha 1

What little things do you do each day or frequently that help you save money?

2006-07-15 03:44:45 · 11 answers · asked by Becky R 1

I had a phone activated for my daughter in law and she did not pay the bill. The phone company did not notify me before charging off the bill and now my credit score is considerably less. I previously had perfect credit before this. When I spoke to the phone company about paying the bill they said they still would not remove the negative remark on my account.

2006-07-15 03:36:39 · 5 answers · asked by Anonymous

2006-07-15 01:50:21 · 3 answers · asked by Anonymous

I am a victim of a scam and I have received now 3 different propositions from 'foreign dar dealers' who say they want to buy my car. I did believe the first one but the more I communicate with him and the more I realise it is all just a scam. Also you guys on Y/A have warned me that it might be so.

I have carried on emailing this 'potential buyer' and the story gets even more dodgier... they say they have a client in the UK who owes them £9000 and who paid that money in my account which should be cleared by Monday!! that I should deduct the price of my car and transfer the balance back to them!!!! all that and give away my car!!

now do you have any idea what I could give them as an answer please? they are s c u m and I want to get back to them with fireworks!!! (obviously they can still wait for my money to be transferred, it ain't going to happen!!)

2006-07-14 23:34:31 · 10 answers · asked by thegreaterescape 3

What is the best way to save money if you are a spendaholic. I really need to save some money how can i do this without spending it all banks make your money available to you all the time i even got rid of the atm card what can i do?

2006-07-14 21:02:31 · 8 answers · asked by Anonymous

Does anyone know how you can earn approx £200 per month from home? I am not confident enough for going out cold calling / selling. Does anyone know of any websites etc where people advertise for something like admin work, mailings etc

2006-07-14 20:49:55 · 1 answers · asked by chazza 2

2006-07-14 19:14:55 · 7 answers · asked by EYE B 2

i dont have any credit because i am 18 years old and i really need a procedure that will cost me about 5000.00 i have 2000.00 cash to put down today or when ever my procedure is what do i do?

2006-07-14 19:08:28 · 1 answers · asked by Anonymous

I have written my last check and I cannot find my routing number to make an online payment .

2006-07-14 18:52:20 · 0 answers · asked by Jose M 1

2006-07-14 18:22:02 · 2 answers · asked by ajay l 1

2006-07-14 18:09:32 · 10 answers · asked by kgoldfish8 2

I have a atm card to Commerce bank and i want to change the pin number.

2006-07-14 17:26:00 · 9 answers · asked by itzstupidmex3 1

2006-07-14 17:24:41 · 18 answers · asked by sweetgurl1377521 2

I'm currently a lifeguard, earning $7 an hour (I know that's not alot, but it's pretty good for my age) and work an average of 30hrs a week. Basically, I make between $300 and $600 every other week, because I get paid bi-weekly. I have around $5,000 in a savings account and don't spend all that much on myself. I'm not looking for answers of "get another job" or stuff like that, because I couldn't fit another into my schedule. I'm looking for answers from people who have accumulated wealth and held onto it, who have experience with making their money work for them (ie people who invest or live off of interest from their savings account)

2006-07-14 17:19:50 · 7 answers · asked by xgreedx123 2

citigroup preferably citi finance personal loan

2006-07-14 16:57:30 · 1 answers · asked by atz 1

I'm 21 and have $14,000 in credit card debit. I cant get a private loan for school but did recieve financial aid. Financial aid did give me enough to pay for classes. But i cant afford rent im barely making my credit card payments. My credit is bad now because i couldnt make my card payments the last 4 months. im trying and working as hard as i can.I have even looked for a cheaper place to live but i still dont have enough money. i made a budget and its not working. I really just want to die right now! Im 21 and my life is ruined all ready. My parents cant help me financially & have bad credit too. I cant drop out of college because i have $21,000 in loans that i would have to pay back. I feel like i have no future and im just wasting my life away. what do i do?

2006-07-14 16:41:02 · 6 answers · asked by jenks1545 4

2006-07-14 15:53:05 · 10 answers · asked by Anonymous

I have a mortgage 100.000 with a payment of 750.00 and a car payment of 400.00 with a bal of 23,000 the car is a 5 year and the house is a 30 year I would like to consolidate both payments to a 12 year with payments of 1.200 a month, and I could send 1.300 a month. Is this wise move to make?
Thanks,
nme

2006-07-14 15:33:30 · 4 answers · asked by nanatimz3@sbcglobal.net 1

how old do you have to be to sell you blood plasma? and how much do you make?

2006-07-14 15:04:53 · 8 answers · asked by matt i 1

2006-07-14 14:00:34 · 16 answers · asked by Anonymous

2006-07-14 13:36:32 · 6 answers · asked by av8orrich 1

To save a &100,000 in two years

2006-07-14 13:36:29 · 5 answers · asked by okayokayokay 5

By that I mean, eating out, parties at home...etc.. all that includes eating.. Care to share?

2006-07-14 12:55:29 · 12 answers · asked by Pivoine 7