So I will be applying for financial aid this upcoming January for college with FAFSA. I just wondering whether I should put some extra cash that i have lying around in a savings account online with a apr of 5.30 percent or should I hold it off. So lets say if I had 5000 in [...]
I am a part time student with a steady job and allocates a portion of my income to savings. I recently got a salary increase and has been wondering , due to the current and worsening state of the world’s economy, should use the money as savings for a stormy day or should I use [...]
The TurboTax and HR Block quick calulators appear to use average tax rate to determine tax savings. Our average tax rate was 15% this year. Most other calculators specifically designed for calculating mortgage interest tax savings use marginal tax rate, which for us is 25%. Which are we supposed to use for an accurate estimation [...]
I hear a lot of people say 10% but is it realistic to try and save 20%, or more? I realize that it depends on where you live, how much you make and a variety of other factors, but generally speaking, what percent could an average household budget for savings?
I’m a college student home on break, working at a pool making around $12.00. I want to start saving so that I have money to move out of my house when I graduate. I can’t find any where any suggestions about what percent of my paycheck I should put in savings and what percent I [...]
I’m 20 and I’m trying to think about investments now that I’m about to graduate college. How do savings bonds work and is it a good idea to buy some?
I am 16 and I am going to start investing soon. I have a book on investing for teens and will soon start researching index funds and other stocks. I also want to start putting money in an IRA. I have to save for college as well. Right now, I am a busser and make [...]
I got a bonus at work and have a credit card that has a $5000 balance on it. I only have about $1000 in savings. What would be the smart thing to do?
My fiance and I have been saving for a house down payment for about a year, accumulating $6,000 in a savings account with 4.5% interest. We will probably save for another 2 – 2 1/2 years. Should we leave our money where it is or consider investing it in a Mutual Fund? What are pros [...]
This is kind of a two part question. First, what are the best places to open an online savings account? I know about INGdirect, but they only offer 4.5%, and I’ve heard there are places that offer more than that. Anyone know of any? Secondly, what’s the best place to start with mutual funds. I’d [...]