Importance of Budgeting Software

Today due to a recession period it has become very necessary to plan a personal finance budget of all the expenses and income. By taking this step you will always be alert about your financial position and plan your next purchase. In this way you will be able to keep a track of your expenditure [...]

budget budget

How to get finance

In today s modern economy running majorly on credit, getting finance from finance companies and banks has become much easier as compared to a few years down the line. Today you can get finance for almost all kinds of needs, whether it is to start a business or buy home for yourself, to buying consumer [...]

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Q&A: Personal finance question. Advice about real estate and renting.?

Posted by Admin on August 31st, 2011

Question by aimhigh1184: Personal finance question. Advice about real estate and renting.?
I got accepted into a Physician Assistant Program for Undergraduate. I know that they make about 80-100k if I go into surgery. I would be 23 when I get my BS and Masters in Physician Assistant. I am thinking of saving money for two years and buy a two family house in my area for about 500-600k, since two family houses are expensive and get money off the rent when I am 25. Then I would use my previous house which my parents would give to me and convert this to a two family house and make a profit since the rent income would be higher than the mortgage(this is for the first house). But I am actually wondering more about buying my second house. I want to gain lots of money off the rent from my two houses so that I could buy a luxurious one family house when I turn about 32 after saving lots of money and then living a nice life. What do you think? Please give me any advice. Remember, I really want to use real estate as a big asset to me. Thanks.

Best answer:

Answer by larry h
first,, you have a good plan,,second ,, you need better advice than your going to get in here ,,set down with your bank and ask the same question of their financial advisers ,,they are the ones that will be handling the money for you

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What are the terms and conditions for financal aid for married men with families?

Posted by Admin on August 31st, 2011

Question by coolmom: What are the terms and conditions for financal aid for married men with families?
Do married men with families even qualify for aid? If so, how and what forms are needed?

Best answer:

Answer by CarlaCCC
Depends on what aid you are going for. All programs have different limitations and qualifications.

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Q&A: how do i figure out when i willl get my financal aid check?

Posted by Admin on August 31st, 2011

Question by LostMystic: how do i figure out when i willl get my financal aid check?
i was sappose to pay for this term on the 12 but i have a slight problem…i have no spare money and my financal aid check has no come yet. how do i find out when i will get it?

Best answer:

Answer by anissia b
call your student loan provider, these checks usually start coming about 4 -5 weeks after the term starts.

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Q&A: Financal Aid Money and Depositing in Bank?

Posted by Admin on August 31st, 2011

Question by latavia1999: Financal Aid Money and Depositing in Bank?
I just recenlty opened a bank account. I will be recieving my financal aid money by check in the mail. Does anyone know if I deposit this check once I recieve it would there be a hold time or is it avaliable right away since it is a goverment check?

Best answer:

Answer by Nathan
It is probably like any other check which means you can either get paid in cash on the spot, ask for however much money you want from the check and deposit the leftover, or deposit the entire check in which case the money will be in your account the next business day.

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Q&A: What if you had financal aid and you fail at a school and you apply for it again?

Posted by Admin on August 31st, 2011

Question by RaynettaW: What if you had financal aid and you fail at a school and you apply for it again?
if you had financal aid and you fail at a school and you apply for it again, can you get money to go to another school? or are you basically screwed?

Best answer:

Answer by Caca Risos
responds http://br.answers.yahoo.com/question/index;_ylt=ArJRzbPYbAcy_xsyuiyBWdLI6gt.;_ylv=3?qid=20100214121513AAWVArs

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Advice regarding a third year University Personal Finance course assignment?

Posted by Admin on August 31st, 2011

Question by TheTruth09: Advice regarding a third year University Personal Finance course assignment?
Basically I have to create a 5 – 6 financial plan on how to use $ 50 000 of money I inherited as a beneficiary. Any ideas on how to start and what this financial plan may consist of?

Best answer:

Answer by Brandon
Hi,

I would say that there are typically 4 components to a good financial plan. Really, they’re all personal finance basics, just put together in one document.

1. Assessment of debt and a plan to tackle it
2. Assessment of income and a plan to budget to manage cashflow
3. Assessment of insurances, especially life, and a solution that meets needs and fits budget
4. Assessment of investments (no point going here if the first three aren’t in order) and implementation of a program that looks at the person’s risk tolerance and time frame.

I found one of our old articles that talks about managing auto insurance and how our writer had a close call.

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Personal finance?

Posted by Admin on August 31st, 2011

Question by OregonOcean: Personal finance?
Is there a free web site with professional advices/information on how to build a good credit score and other personal finance advices ??

Best answer:

Answer by Randomname83
http://finance.yahoo.com/banking-budgeting/article/103507/Thirty-Five-Minutes-to-Riches

Above article provides some basic information on raising your credit score.

Personal financial advice is hard because it has to be tailor made for you. To make it simple, do the following:

1. Build an emergency fund worth 3-9 months of your monthly income (based on age, income, etc).
2. Contribute to a 401(k), IRA or some sort of retirement vehicle on a regular basis (10% or more of income is a general rule of thumb if you start prior to your mid 30s).
3. Reduce expenses that are not “needs” if you have a hard time doing steps 1 and 2 (Ex. I have a $ 3.49 coffee everyday at work in the morning and a $ 1.07 iced tea each afternoon. If I stopped those expenses I could save nearly $ 5 each working day which would be ~100 dollars in a month).

If you are saving money regularly, feel free to spend some. For instance I use ~60% of my monthly post tax income and save the other 40%. When I am banking 40% each month I can afford to spend money on the “wants”.

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Q&A: Anyone know of any good books that give basic personal finance advice?

Posted by Admin on August 31st, 2011

Question by MountainChick: Anyone know of any good books that give basic personal finance advice?
My parents are in a bit of financial trouble. The problem is not their income. It really comes down to the fact that they don’t have a basic grasp on how to manage money. Any money they make, they spend on something. They won’t take advice from me, because I’m “just their kid.”

So I was wondering if there were any books out there that anyone might know if that talks about things like:

Paying yourself first
How to set up a budget
How to change your thinking about spending
How to get out of that “spend every extra dime you have” mentality…
Etc.

It needs to be a fairly simple read, because neither of them “has time to read.”

Best answer:

Answer by avonfromstubby
anything by Suze Orman.

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Q&A: Financal Aid??????????

Posted by Admin on August 31st, 2011

Question by Joey A: Financal Aid??????????
Question about Financal Aid?
I just got my check back of 600 from my financal aid all books are bought and class are paid for

do i have to use that for next year or is it mine to spend for?
10 minutes ago – 3 days left to answer.

like do i have to use it for next year does financal aid run out each yeah where i wont be able to use it anymore?

if so would it be better to save it

or should i use it to repair my car or buy a laptop for school??

Best answer:

Answer by Wilmer R
Financial aid depends on your current income situation. The government grants new funds every semester as far as I am concerned but again it depends on your financial situation.

Maybe you should consider saving the money in case financial aid is short next time and you might have to pay with money out of your pockets. Just keep it as a safety net if you know what I mean.

In the other hand. It’s also good to have your car always up and running because you don’t want to miss class because it broke down on you due to maintenance lol.

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