Personal Finance - September 2006

2006-09-20 06:21:19 · 17 answers · asked by donkeydo 2

2006-09-20 06:06:42 · 17 answers · asked by Anonymous

I am 25, married and middle class. My wife and I have always been really careful with our money.

We have no loans other than our house and one of our cars, and both of the loans will be paid off in 1 year.

I have no credit card debit and I don’t buy things (other than my house and car) unless I HAVE the money in the bank.

A friend of mine bought a huge house, has a house loan and two equity lines of credit, two car payments and tons of credit card debt.

He has about $600,000 in debt for everything with a middle class salary and a stay at home wife.

He told me he won’t be out of debt until he is at least 60 and lives pay check to pay check.

Everyone I know has SUVs, big houses, and vacations that they can’t afford and can’t pay off.

Why do Americans have so many high purchases when they can’t afford them?

What happened to buying what you could afford, or a smaller house or car?

Why is everyone in competition with having the most stuff?

2006-09-20 05:54:19 · 10 answers · asked by Anonymous

Why pay closing costs on a home equity loan if a home equity line can be obtained at a comparable fixed rate and tax deductable?
Am I missing something here?

2006-09-20 05:09:50 · 3 answers · asked by James 1

2006-09-20 04:44:45 · 2 answers · asked by kevin101c 1

how many people bank with BOA?

2006-09-20 04:30:40 · 4 answers · asked by Richard A 1

2006-09-20 04:24:31 · 2 answers · asked by randy18ky 1

I'm looking at switching banks and am questioning getting a standard checking account or an electronic backing e53 account with Fifth Third Bank. I've read the info online and I still have questions.

Do you have an e53 checking account?
How does it work?
Any complaints?
Can you still use paper checks as deposits?
Are there hidden fees?

Help.. please!

2006-09-20 04:13:24 · 2 answers · asked by helloterrio 2

do you get charged if you dont?

2006-09-20 03:51:38 · 5 answers · asked by ♥cozicat♥ 5

2006-09-20 03:47:25 · 17 answers · asked by mcmug 1

2006-09-20 03:39:23 · 12 answers · asked by londondude l 1

2006-09-20 02:31:24 · 15 answers · asked by spambifta 1

Also, in what other ways would it affect me?

2006-09-20 02:09:33 · 6 answers · asked by Anonymous

If my employer offers 403b, but doesn't match anything I put in, should I still contribute, or am I better off just doing a Roth IRA on my own?

2006-09-20 02:03:44 · 8 answers · asked by Matt C 1

2006-09-20 01:36:12 · 4 answers · asked by strapped for cash 1

I'm 26 and currently put away 20% of my income into a 401k, plus I max out a Roth IRA every year. Sometimes I feel like even that much isn't enough, but other people tell me I'm overdoing it and should enjoy my money more NOW. What percentage is the "right" percentage to have both a comfortable lifestyle and be confident I won't be eating catfood when I'm 85?

2006-09-20 00:57:35 · 6 answers · asked by Jason M 2

Hi..Do ebay sells the stuff in cheap ....?? Should I get s'thing frm there..??

2006-09-20 00:57:16 · 5 answers · asked by Leonardo Da Vinci 2

HEY! UM...I BANK WITH REGIONS AND YESTERDAY, I NOTICED THAT MY ACOUNT BALANCE WAS NOT COVERING SOME OF MY PENDING DEBITS. I QUICKLY WENT TO THE BANK AND DEPOSITED CASH TO COVER MY TRANSACTIONS.I THOUGHT THAT SINCE THEY HAD NOT POSTED, THAT I WAS COVERED.

I BANKED WITH BANK OF AMERICA BEFORE THIS AND WITH THEM, EVEN IF YOU WENT NEGATIVE, AS LONG AS YOUR DEBITS WERE STILL PENDING THEY WOULD NOT CHARGE YOU ANY FEES. IF I MADE A DEPOSIT, IT WOULD PROCESS IT BEFORE MY DEBITS. SO WHEN MY PENDING TRANSACTIONS POSTED, I WOULD BE IN THE CLEAR.

WELL, MY TRANSACTIONS POSTED AND 6 DEBITS HIT BEFORE MY DEPOSIT WAS PROCESSED AND I NOW HAVE 200 DOLLARS IN OVERDRAFT FEES.

ANY TIPS ON HOW TO WORK WITH A CUSTOMER REPRESENTATIVE TO GET THESE FEES REMOVED?

ANY SUGGESTIONS WILL HELP....THANK YOU SO MUCH!

2006-09-20 00:13:18 · 4 answers · asked by constance 1

He has been told by the Agency that he is working for that they cannot pay his wages into my UK bank account. Is there a specific reason or are they just being pathetic about it. He wants the wages to be paid into my account, i have no problem with this. Can anyone help. We both live together in the UK, but the house and all the bills are in my name.

2006-09-19 22:13:20 · 25 answers · asked by funkifairee2000 2

I am diagnosed withaxiety panic disorder. I have't been able to keep a job at most almost 3 max. i m 40 yrs old. i amnot fired from my job but i m indefinately suspended until my govt clearance is adjudicatied.my my criminal behaviori plead guilty to but my docs all said it was the meds i wason the caused a phycotic episode. so need less to say i have misdeamnor probation and a fine to pay. i have a decent modest home and a nice car. i don't drive much unless i have to get food of pay bills and i do that at times when less traffic is on the roads. What i need to know is thecounty/state says i cannot get help unless i m destitute. I really don't want bad credit but i may not have any other choicewith applying for disability. I don't want to lose what i worked so hard for. is there a is i can file bankruptcy wth out losing my home and everythingi worked for? please help me I don't know hwere to turn.

2006-09-19 21:52:30 · 7 answers · asked by princessmallory10162002 3

My other half has £5000 he would like to put into a savings account wheres the best place at the moment
or does anyone know of any savings comparrison sites that i can have a look at

2006-09-19 21:39:42 · 21 answers · asked by ♥Pink Princess♥ 3

This question may sound very stupid. But actually I am doing a research on loans. The questions for which i am finding answers are : -

1. What is meant by a loan your point of view.
2. Why take a loan.
3. What makes you think about a loan.
4. Whats the emotional process going while taking a loan. (fear of repayment etc.. Reason can be anything)
5. What aspects you look when you apply for loan? (interest rate, bank, people handling your application etc......)

It will be great if you guys can give some clues.

2006-09-19 21:07:07 · 8 answers · asked by rajtrind 2

When the company I worked for closed operations, we used our credit cards (carefully and all out of necessity) to supplement our lost income. Despite help from family, we still incurred over $30,000 in credit card debt. I also have student loans that I have to pay back ($35,000). We have fallen behind on all our credit card payments (some are already in collections) because our combined income is not enough to make ends meet. The very little income that we currently make is barely enough to pay our rent, utilities, and the expenses to care for our three children. We recently consulted with a bankruptcy lawyer and he advised that we file for bankruptcy. In his exact words - Companies don't care. You're just another number. They just want to settle any amount you can afford. Even if your situation gets better and you were able to repay your debts, it would take years and the bad credit score would still be on our record for the next 7 years.

We really don't want to file! Need advice.

2006-09-19 20:55:33 · 8 answers · asked by 2ndChance 1

Are they more evil than your average run of the mill bank? Are they quicker to take advantage of their customers than any other bank in America? Do they make "America" seem like a pejorative?

2006-09-19 20:16:37 · 14 answers · asked by Matthew S 2

i need to pay or a pair of boots on ebay but i was wondering if i paid with paypal would it take the balance from pay pal and the rest out of my bank account? or will it just take it all out of my bank account? thanks

2006-09-19 20:11:00 · 3 answers · asked by sweetgurl79_2000 2

2006-09-19 19:51:10 · 4 answers · asked by looking4me 1

Private person who can loan $20,000 for 24 months, with $1,000 month payments

2006-09-19 19:02:37 · 9 answers · asked by tired 1

Ok so I just some items on a forum and the guy who wanted to buy it said he would prefer paypal... So I was like alrite sure so I go and create a paypal account and I guess that's it. He sends me the money ($20). So earlier today I tried to buy some stuff online and decided to pay with the money from my paypal... so everything goes fine until they say I have exceeded the sending limit. Yes, i'm unverified and no I don't have a bank account or credit card (16 here). What's the sending limit? I tried to buy a shirt for $19 shipped but since i'm "unverified" i can't pay? Is there any way I can get the money out of there?

2006-09-19 17:46:35 · 5 answers · asked by Anonymous

I'm 4 months late on my mortgage. Does anyone know of any companies that will help you get caught up without trying to take your property. I know my credit score has dropped, so that will be a problem. Without getting into details, its just been tough lately

2006-09-19 17:22:29 · 4 answers · asked by Anonymous

Do you use one for checking and/or savings? What are the benefits and drawbacks of your bank? Of internet banking in general?

2006-09-19 17:21:45 · 5 answers · asked by Stuck in the Middle Ages 4