Wednesday, December 5, 2012

How many questons a day do you have to answer in your "top Contributor" category to keep the badge?

Q. I received a top contribution badge for Personal Finance category 2 weeks ago. Its my fave category. But then I go on vacation for a week, come back and it's gone because I visited the site, but not often, I probably only answered a couple answers in that category every 2 days or so.

How many answers/days do I need to get ti back? And how does 1 mantain it??

A. I've been on holiday for 10 days and still have my badge, I was informed by YA Staff that its your percentage of best answers that keeps your badge not your contribution. But before I knew this I used to answer about 10+ questions a day.


How does college tuitions increase relate to personal finance?
Q. http://money.cnn.com/2010/02/24/news/economy/public_tuition_soars/index.htm

how does the above relate to personal finance? All i can think of is we learn about budgeting in that class and that class i guess prepares us for college, but i don't think that's the right answer or what the teachers looking for.

A. Higher college tuitions mean more cost to you in the future.

That means you will have to plan for this increase (and even better any future increase) in your budgeting.
You will need to save more today to pay more tomorrow OR find an investment that return more so you will still hit your target.


What is the average interest paid on a money market deposit account?
Q. This is for a personal finance class but I can't seem to find an answer specifically naming average interest paid.

A. You can get this at www.bankrate.com. This is a trustworthy site that may answer some of your other banking questions as well.


Know what the number one cause of personal bankruptcy in America is?
Q. The answer is medical bills. Know something else? Most of these people who go bankrupt have health insurance. And medical bills are going to skyrocket even further in the coming years. Still think you, your family, and your personal finances/retirement are safe under the "protection" of insurance companies?

A. Its funny that a country that claims life to be an inalienable right would allow Insurance Giants to continually make decisions about treatment that would cause someone to lose their life. Or that the poorest people are not even afforded this luxury.

I guess inalienable rights are just for the wealthy.





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