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.
I guess inalienable rights are just for the wealthy.
How has the bad economy affected your spending habits?
Q. I am working on an article for a personal finance newsletter. I was wondering what real people are doing to brave the economy. Do you have any money-saving tips that may help other people. I'd prefer if your Yahoo preferences are set up to accept email. I may want to contact you for more information if i choose to use your answer. I'd appreciate your help. Thanks.
A. I've quit spending altogether on non-essentials: eating out, gym memberships, unnecessary insurance, premium coffee, clothes, etc. For entertainment, I've switched to "indoor versions" wherever possible - using Netflix instead of the movie theater, cooking-in instead of eating-out. I now turn off lights I'm not using, and replace my home-phone with Skype while also reducing the plan on my cell phone. I make sure grocery shopping is more organized so I only have one trip per week, and I'm quitting all Christmas cards this year (replacing with e-cards). No gifts to my family (except for the kids, since the adults understand).
I also have started using a spreadsheet (Google Docs) to track my bank account and all expenses. Even though things are tight, I still want to move forward every month and pay off outstanding cards, even though it means we're eating a lot of pasta! We have a crapload of card debt so I canceled all the cards and aim to pay everything off by the end of next year. We talked about replacing our car, but I'm pushing that to 2010 (at least).
I think things will get uglier before we turn the corner, so I'm preparing to make sure my family's ok!
jbeswick <,AT.> yahoo.com
I also have started using a spreadsheet (Google Docs) to track my bank account and all expenses. Even though things are tight, I still want to move forward every month and pay off outstanding cards, even though it means we're eating a lot of pasta! We have a crapload of card debt so I canceled all the cards and aim to pay everything off by the end of next year. We talked about replacing our car, but I'm pushing that to 2010 (at least).
I think things will get uglier before we turn the corner, so I'm preparing to make sure my family's ok!
jbeswick <,AT.> yahoo.com
How long is a check without a "valid until/cash by" date good for?
Q. Seniors, I call on your knowledge. I posted this Q in the Personal Finance section and didn't get a single sensible answer. I've gotten several refund checks and none have a "good until" date. How long do I have to cash them?
A. The Uniform Commercial Code tells us that a check that is over six months old is "stale" and in most cases it need not be paid. Because of today's automated environment, it is recognized that if a stale-dated check is paid, the bank is not at fault if it did so in good faith.
Contact the company that wrote you the check and ask that you swap them out with them. Give them the stale-dated item and get a new one your bank will handle without question.
JM
Contact the company that wrote you the check and ask that you swap them out with them. Give them the stale-dated item and get a new one your bank will handle without question.
JM
What can you do to ensure a comfortable retirement?
Q. My mother is retiring next year.
What can she do now, within the UK personal finance spectrum (savings schemes, tax credits, pension scheme tricks and tips, discount schemes for pensioners) that will mean she can enjoy a nice lump sum on retirement?
She worked for the NHS for a time, but now works in a private health care and I'm pretty sure she has a private pension scheme too. Does that change things?
All answers ABOVE BOARD please! :o]
What can she do now, within the UK personal finance spectrum (savings schemes, tax credits, pension scheme tricks and tips, discount schemes for pensioners) that will mean she can enjoy a nice lump sum on retirement?
She worked for the NHS for a time, but now works in a private health care and I'm pretty sure she has a private pension scheme too. Does that change things?
All answers ABOVE BOARD please! :o]
A. start saving early in life!!!!
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