Personal Finance - February 2007

Nancy Tai has recently opened a revolving charge account with MasterCard. Her credit limit is $1000, but she has not charged that much since opening the account. Nancy hasn't had the time to review her monthly statements as promptly as she should, but over the upcoming weekend, she plans to catch up on her work.

In reviewing November's statement, she notices that her beginning balance was $600 and that she made a $200 payment on November 10. She also charged purchases of $80 on November 5, $100 on November 15, and $50 on November 30. She can't tell how much interest she paid in November because she spilled watercolor paint on that portion of the statement. She does remember, though, seeing the letters APR and the number 16%. Also, the back of her statement indicates that interest was charged using the average daily balance method including current purchases, which considers the day of a charge or credit.

Assuming a 30-day period in November, calculate November's interest. Also

2007-02-02 12:31:09 · 2 answers · asked by anya831 1

If I pay everything that went to collections, how long until they come off my credit report, and how soon can I start getting credit cards again?

2007-02-02 12:25:38 · 16 answers · asked by Anonymous

Somebody told me that everybody needs a will. I am a 25 year old single female with no dependents. I also live in an apartment. It is still a good idea to have a will?

2007-02-02 11:04:54 · 11 answers · asked by hubasket 3

2007-02-02 09:31:17 · 2 answers · asked by Dick B 1

Does anyone know where there are any paid surveys you can take online that ACTUALLY work (meaning you have tried them and actually received a check)??

2007-02-02 09:27:17 · 4 answers · asked by This is me! 2

I need to send this money ASAP, but the bank wires are closed already, Western Union is way too expensive and MoneyGram won't let me do a transfer large enough.

2007-02-02 09:16:41 · 5 answers · asked by Anonymous

2007-02-02 09:15:20 · 5 answers · asked by Latasha C 1

I am a single young man 28yrs living at home that can't seem to save money. I have a car note that is 500 + car ins 300. I try very hard to save for I am about to move into my own home soon. What are some budgeting tips that could help me save my money? I do have to confess that I eat out often.

2007-02-02 09:03:39 · 10 answers · asked by I'm yours 1

If I'm not on the mortgage, yet live in the home and have paid for the purchase of the home and pay 1/2 the mortgage and utilities. Can I 'legally' write off 1/2 the interest?

2007-02-02 08:27:48 · 1 answers · asked by thenakats 4

I'm dissatisfied with the service I've been getting from my current bank, and am looking to open a new checking account with another facility. I've had over-drawing issues with my current bank in the past an my credit in general isnt all that hot, but my current checking account has a positive balance and I've been working hard lately at cleaning up my credit such that I currently have no past-due accounts.

Could my past problems prevent me from opening a new account with another bank?

2007-02-02 08:00:20 · 5 answers · asked by Siren61 2

I am learning from my boyfriend and trying not to use my credit card for everything ... so, if you do, how many dollars do you keep in your wallett? For example, my boyfriend keeps atleast 100 in his wallet (and no not a 100 dollar bill). I am also asking how many 1's, 20's, 30's or whatever you keep in your wallett that can last you for lets say a week? Thanks everyone.

2007-02-02 07:59:26 · 12 answers · asked by Anonymous

I am 23, just 6 months out of college. I did not pay for a single thing in my life until i was 21. I would work in the summer between school years and make a couple grand. I would spend that during the school year no doubt. Plus whatever my parents would give me, but i was not a big spender. I just landed my first real job (in nothing else but financial investments) and I'm making about $750 a week after taxes. Not bad at all for the cost of living expenses in my city. I have been a longtime gambler, playing poker, blackjack, sports betting, you name it. But since my income has risen over the last few months, i am also increasing my bets and dont seem to stop making $500 bets or more. Although i have pocketed $2,500 in the last 2 months gambling. Is this OK? Am i going to go broke in the long run? I do seem to only gamble when it is excess money, meaning i dont gamble with my rent. But i feel like im being careless even though i have won money. Any suggestions

2007-02-02 07:40:22 · 9 answers · asked by Anonymous

how long should it take for a personal check to clear the bank? I was told an item will be sent to me as soon as my check clears. I thought in this day and age things like that were pretty much instant. (done electronically). I thought the banks could tell right away if you have the funds to cover the check.

2007-02-02 07:19:18 · 2 answers · asked by Starscape 6

In terms anyone can understand please

2007-02-02 07:15:34 · 3 answers · asked by Anonymous

you know like films were there is crowds of normal passerbys are we the only ones that DONT get paid.....

2007-02-02 06:45:06 · 5 answers · asked by WELL SAID ERFMAN JACK 2

2007-02-02 06:36:20 · 21 answers · asked by WELL SAID ERFMAN JACK 2

Is it true that only deposits in favor over $9999.99 have to be declared?

2007-02-02 06:20:55 · 1 answers · asked by Geoerge TX 1

2007-02-02 06:20:35 · 5 answers · asked by rahshawn h 1

no witnesses no cameras !!! would you ? tell the truth no one can see you...

2007-02-02 06:04:37 · 29 answers · asked by WELL SAID ERFMAN JACK 2

Does anyone have a good budget plan that I can follow?
I am 21 years old I make $500 every two weeks
I am trying to get me an apartment, but it seems like I cannot save my money for nothing! please help all advice is appreciated

2007-02-02 05:55:29 · 6 answers · asked by Quin Lee 1

2007-02-02 05:45:50 · 3 answers · asked by noexitstrategery 1

I believe the market is due for at least a 10% correction. I can borrow from my 401K to pay off a car note I'm paying 7% interest on. By borrowing I shield my money from any market correction along with avoiding a "hit" if the market does what most people expect it to do. I expect to have the money repaid in 2 years. Why is this frowned upon by financial advisors giving todays market condition (all time high with negative indicators)

2007-02-02 05:40:19 · 9 answers · asked by Joshua L 2

do you have baliffs taking all your personal items, what percentage of your debts do you still have to pay? Can you still have a bank account

2007-02-02 05:16:33 · 5 answers · asked by D M 781 1

Since IRA's and 401k's aren't included in the Commerce Department 's personal savings rate statistic, I'm looking for the number of people that actually use IRA's or 401k's for their savings. And, also, it would be nice to have an average amount in those accounts.

2007-02-02 05:09:03 · 4 answers · asked by dotTim 1

I deposited $600 cash into my bank account in the bank machine 3 days ago. I gave my landlord a cheque for $450. My account is frozen because they're holding the money for a certain period of time. Do you think that the cheque will bounce?

2007-02-02 04:57:18 · 3 answers · asked by Anonymous

2007-02-02 04:56:47 · 5 answers · asked by Anonymous

2007-02-02 04:49:11 · 10 answers · asked by NENA B KNOWING 1

Which US city can I pay the rent and bills and still be able to live comfortably for 40k a year?

2007-02-02 04:43:56 · 10 answers · asked by VivoTivo 1

I had a friend pay bills for me, using my money and now some of these are coming back to as unpaid. We do not speak anymore and she is not giving me the info I need. She did provide 1 conf# but the other one she says she has had no time to look at her statement. It has been 8-9 weeks and it is on the same statement as the other she gave me.

2007-02-02 04:37:58 · 6 answers · asked by Anonymous

Account Balance

2007-02-02 04:33:09 · 4 answers · asked by rndparr2 1