Q. Business and Personal Finance classwork && homework packet question.
A. is the bank FDIC insured? what interest rate does the bank pay for savings/charge for a loan? is there a shorter term program the bank has that pays higher interest than a standard savings account? (a lot of Christmas Clubs pay more and have a moderate cap on the $ you can put in.) on the loan is the rate fixed? is there penalty for early pay off? what will my monthly note be? when are the notes due? do i have a grace period? how many days? what is the penalty for being late? try to negotiate on any fees including interest.
How should I prepare for FBLA personal finance?
Q. I have to compete for the Pennsylvania FBLA conference in Personal Finance in two weeks. If anyone took this test in the past couple of years, I would be greatly obliged.
A. The questions will be based on currently used textbooks in your subject category. As the librarian at your school if they have textbooks that might be used at other schools.
Most of the subject matter should be similar to what you are using presently. You might try your local college bookstore and find some quick guides for basic Finance, which will help you study.
Most of the subject matter should be similar to what you are using presently. You might try your local college bookstore and find some quick guides for basic Finance, which will help you study.
What can we do to get rid of the spammers?
Q. This is a wonderful community. One of my favorite places on the web. I answer questions mostly in personal finance. Almost every question gets at least one response from a spammer. Yesterday someone posted literally thousands of responses with a link to his website. (I checked his profile, he had earned thousands of points that day.) BTW he didn't actually answer any questions. Flagrant violations. These people diminish my (and I'm assuming other people's) enjoyment. I flag them all the time. I'd think the legitimate users of this community should try to do something about this situation. Is there some way to report these people on a larger scale? Can we bring it to the attention of Yahoo? I know your Yahoo priviledges can be suspended. Most of these people are out for an easy buck. If they were not allowed to use Yahoo it would affect their "businesses." Do we just have to put up with it? Anyone know anything?
A. Report them under the category "spam or advertisement," and try not to let them get to you. It may be that the problem is already under control, since this question has not yet attracted one.
I know the Defense Against the Dark Arts team at Yahoo Answers is a bunch of very smart cookies, and they were listening hard to their invited users at the birthday party. I was told we would be seeing some major anti-troll changes in the next couple of weeks. I look forward to that, because it really is a threat to the entire system. If people get to thinking we are that kind of vulnerable, we will be overwhelmed in no time.
I know the Defense Against the Dark Arts team at Yahoo Answers is a bunch of very smart cookies, and they were listening hard to their invited users at the birthday party. I was told we would be seeing some major anti-troll changes in the next couple of weeks. I look forward to that, because it really is a threat to the entire system. If people get to thinking we are that kind of vulnerable, we will be overwhelmed in no time.
Can anyone suggest a good book on personal finance?
Q. Can anyone suggest a good book on personal finance? I have looked through the half.com $1 selections and the library, but it seems many of the books on this topic are filled with 100's of pages of common sense (i.e. give up your latte's, put 10% of earnings in a high yeild savings). I would like something that covers the basics for retirement planning, and personal investment, etc. Any suggestions?
A. I think it depends on where you are in your knowledge about personal finance.
For instance, if you already know to stash all possible cash in first, savings, 2d 401k, 3d Roth, 4th Other--then when you have a considerable stash-- you are ready for the next step-- which for me was a broker where I stuck #1, #3 and #4-- and after retirement, also #2. The total provided considerable leverage in my account which drove down my per trade cost.
I learned from finance magazines ( if you itemize they CAN be a deduction) which will repeat basic information about the third year around.
I bought US Savings Bonds thru work-- as my emergency $.
Any increases in pay went directly to one of the savings.
My power company allowed me to pay extra over my electric bill which then went into a stock account.
I bought a investment dictionary at a garage sale.
I bought a Investment for Dummies at a garage sale.
I lived UNDER my income.
I used my broker's online site to research what I didn't understand until I thought I did understand.
I invested and learned the hard way, but gained enough that I kept at it. When I retired I paid cash for my house and my car from what I'd put away in "other".
I truly understand your question. The answer as I see it is:
Save money and stash it in as many ways as possible-- max out your 401k with matching as much as possible. If there is a difference in what you CAN put in an IRA and what you have put in the 401k-- open a ROTH and do it. Don't forget that emergency cash fund-- figure your worst scenerio and put it where you can get to it in 15 days or so.
That's the best I can do for you. It worked for me.
Good luck and constant saving!
I don't know this Dave Ramsey but see him mentioned frequently.
For instance, if you already know to stash all possible cash in first, savings, 2d 401k, 3d Roth, 4th Other--then when you have a considerable stash-- you are ready for the next step-- which for me was a broker where I stuck #1, #3 and #4-- and after retirement, also #2. The total provided considerable leverage in my account which drove down my per trade cost.
I learned from finance magazines ( if you itemize they CAN be a deduction) which will repeat basic information about the third year around.
I bought US Savings Bonds thru work-- as my emergency $.
Any increases in pay went directly to one of the savings.
My power company allowed me to pay extra over my electric bill which then went into a stock account.
I bought a investment dictionary at a garage sale.
I bought a Investment for Dummies at a garage sale.
I lived UNDER my income.
I used my broker's online site to research what I didn't understand until I thought I did understand.
I invested and learned the hard way, but gained enough that I kept at it. When I retired I paid cash for my house and my car from what I'd put away in "other".
I truly understand your question. The answer as I see it is:
Save money and stash it in as many ways as possible-- max out your 401k with matching as much as possible. If there is a difference in what you CAN put in an IRA and what you have put in the 401k-- open a ROTH and do it. Don't forget that emergency cash fund-- figure your worst scenerio and put it where you can get to it in 15 days or so.
That's the best I can do for you. It worked for me.
Good luck and constant saving!
I don't know this Dave Ramsey but see him mentioned frequently.
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