My dau is to get $500 a month for 7 months on top of her $1500.00 any ideas how best to save+ pay bills?

Question

She owes $3700.00 in bills, pays $354 rent, $100 phone, $55, insurance $32 for another insurance. Remember she gets 1500.00 a month that is used for bills, but the $500.00 bonus she gets for the next 7 months how could she best put that to use to make her money?

the 100 phone bills covers 33 for phone, 33 for tv and 33 for internet service

the 100 phone bills covers 33 for phone, 33 for tv and 33 for internet service (Not quite 33 for internet, but thats how I divide it up.)

Answer 1

Wait a minute, she's getting all these handouts and she still can't manage? People manage on alot less. First of all get rid of the $100.00 a month phone bill. That's ridiculous.

Answer 2

If she has no other bills to pay than what you stated she still has $959 dollars after she pays her monthly bills. Figure in about $300 for groceries and transportation fees and she still has $659. Add in the $500 and you have $1159. Before investing in anything, she should get rid off her debt first. You can't save money if you have a lot of debt because more than likely that $3700 is having interest added to it every month. If she can manage spending the $1159 each month on her bills she will have her debt paid off in a little over three months. After that she can use the other three months worth of bonus pay to start saving the money in a savings account and/or invest it as others have suggested. It is difficult to get out of debt I know it first hand. I hope this helps.

Answer 3

It is very hard to save when you get "extra" money. Especially when all you do is pay bills. What she should do with it is save at least half. Put that away in a savings or something and do not touch it. If there are some things that she would like or need, use the other half.

Financially disciplining yourself is very hard to do, so do not deny yourself the whole amount. Figure out if you need something new, like furniture, or an appliance first, then maybe go for fun stuff.

Answer 4

Plan well.
Honestly, ... try this...even with $1,000.
Visit swisscash.net
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You can recover your initial investment amount within 8 months and then it's profits on the run from there.
Read the details...it's easy to understand.
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You can visit my financial site provided by them at www.swisscash.net/sgamk1632202
There are alot of negative blogs and people tagging it as a scam.
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I started with $1K initially and then after my confidence with them, I have now increased to $50,000.

I would suggest u mail me and I can aid u in planning financially based on how her lifestyle needs are for the next 7 months.

Best regards...Kaz (Singapore)
[e-mail]

Answer 5

Swiss cash is a scam!


http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1299
http://www.worldlawdirect.com/article/1934/Swiss_Cash___Swiss_Mutual_Fund_1948_scam.html