I need a social sercurity statement on my income. What do I look up under?
Answers: If you are wanting to know how much s.s. you have paid in this year, it should show on the last check stub you received, in 2007, or the W2 or visit you local social security office,====
call your local social security office or go online-probably www.socialsecurity.gov. . . .
Personal Finance Project Question?
in this project that we are doing, we hold to prioritize our spendings into 9 categories and we have to state what % we spend on that category. some categories are food, clothing, insurance, housing.etc...i have need of some ideas of political, social, and monetary reasons for financial choices.
examples include:
Political - cleaner environment
Social - no prohibited drugs
economical - savings, investing
anyone else get any ideas???
also, i have need of to hypothetically give suggestion to a client for a short term and long possession decision
example:
short - stay out of credit card debt
long - other save money
any other advices i should make a payment???
any help would be nice
here is a scan image of what im doing and what i enjoy..
http://i18.photobucket.com/albums/b134/t...
Answers: This is a fairly complicated, involved project so I am going to offer you some general suggestion. One thing you inevitability to be careful of is prioritizing goal in language of yourself. You always necessitate to consider what is important to the client and what are their goal and objectives. Another potential problem I see is breaking down your expenses by percentage of income. This is directly tied to your level of income. For example - someone making $20,000 a year would be spending $2,400 per year on food surrounded by your example. Someone earning $200,000 per year would be spending $24,000 per year on food. The first is probably too low, the second is probably too soaring. So beaking down the necessary expenses by % of income is not viable in the nonspecific sense. It works O.K. when you have a set amount of income and can adjust the percentage to what would be in file for that income level. The greater your income, the smaller the percentage you would be using in respectively category. The higher your income the more discretionary funds you hold available.
When setting goals and giving proposal (long or short term) you need to be specific. "other save money" is far too broad. Something more like - "Save sufficient retirement funds (assets) to generate 80% of my since tax income by age 70. These funds should be able to provide that income for 25 years assuming a past tax return of 7%." That would progress a lot further surrounded by establishing goals.
"stay out of credit card debit" doesn't administer specific parameters. Try - Keep credit card debt to lesss than 5% of annual income and smaller number than 20% of all debt.
The rest of your question would take longer to answer than what this prevailing conditions would allow. However, an example of a social reason for a financial choices would be a "Social Responsible" mutual fund that invests singular in ccompanies that do not pollute and are live in "green" actions.
This should at least back you get started.
Feel free to present a BEST ANSWER if this was of use. Good luck and have a great hours of darkness.
Bank Account?
I'm 16 and just get my first paycheck, what kind of sketch should I try to open up when I stir to the bank tomorrow?Answers: Free checking. Most bank have them, and the well brought-up one's have ones that don't require a minimum be a foil for. Shop around.
Also, a local bank is ALWAYS better than a national 'chain' sandbank.
The local ones get to know you.
The national bank don't care to know you, and treat you that passageway.
EDIT: Duh! I goofed, I don't think a 16 year antiquated can have a checking picture. So a savings sketch will do.
Youth account possibly if you still can?
(in my bank you can until your 18)
they enjoy waived fees, so you don't enjoy to pay to give somebody a lift out money, or keep money contained by the bank!
and after once you get plenty, you put your money in investment, GICS, etc. to variety more interest on your hard-earned mullaaaa.
You won't be able to accessible a checking account by yourself until you are 18.
I recommend a stash account next to an ATM card...that way you can win your money when you want, without worrying something like overdrafting your account... Plus, if you keep hold of your money in in that, it will earn a little bit of interest
Savings & checking information combined so you can keep track of your spending.
Wise entry & important for you to swot up at your age!
Definitely open an justification that caters to minors. Make sure that the account is TOTALLY FREE Checking, if you intend to write checks, or ask if the tale includes a Check Card. A check card is a good approach to manage your money and teach you responsibilities that lead up to person able to have power over credit cards later on contained by life. Plus, beside a check card, you are less potential to carry around colossal amounts of cash and possibly eliminate craze purchases.
You should also try to open a nest egg account, such as the Christmas Club, so that you can enjoy MAD money at the end of the year.
Congratulations on getting a employment!
Congratulations! I would open a youth statement, and save, amass save!
Happy New Year!
My guidance is to talk to a representative at the mound or credit union where on earth your parent(s) go or one associated next to your employer. They are the best people to ask because you can speak about them what you want to do with your money. They will find the best "fit" so you settle up minimal or no fees!
Good luck!
The BEST advice you enjoy so far is to TALK to someone at the bank. They know more roughly what they offer than EVERYONE here combined. I would tell to several banks and chose the out where on earth you are most comfortable with the PEOPLE. It is an unfurl secret contained by the industry that ALL banks grant nearly identical products. The PEOPLE really DO brand the difference.
Those that said you must by 18 for a checking account are simply WRONG. I one-sidedly opened my first checking sketch at your age without my parents signing, or even going to the mound.