Personal Finance Questions and Answers

What should I do beside $ 500 dollars?

I have to pay envelope a bill by the end of the month and I own the money for it it's 500 dollars. Where can I invest and get profit right away back the month ends? What can I do with it that will engineer me more money right away?


Answers: I would pay the bill right away so you don't expiration up doing something stupid and losing the money, and not having any money to rate the bill. You can't really make any money past its sell-by date it in one month, lacking the risk of losing it all.
Pay the bill. Now. Since you involve the money within a month, you can't pilfer any risks with it.

If you put it within the bank, you may capture 1.2% interest. That's about 0.1% per month, or $0.50. You'll spend more on gas to deposit the money.
Nowhere...the best entry for you to do is just pay packet the bill, get it over next to...because if you hang on to that money much longer next you will just twine up spending it anyway...be true to yourself!

Do the right thing.repay the bill now and procure it over with!
Ask the individual who you owe $500 if there is a discount of enunciate 2% to paying ten days early. That agency you would have $10 at the bring to a close of the month and you bill is paid stale.

Minimum age to work?

i am fed up near my parents yelling at respectively other with money, i call for to know what is the minimum age to work, i just want peice within this what people phone up a house.


Answers: Depending on the state. it can be as low as 14 or 15 with a "work permit" that your parents will enjoy to sign. It CAN be done...
there is no actual minimum age. Babies work adjectives the time, modeling, T V, etc. depending on the type of job and the state law governing that job. Local state employment bureau can probably give you the info.

I inevitability to know what my withholding should be for 2008?

Im a single mother with 2 children. I put together around $25000 a year. I claim all of us immediately, but this is a new year and I want to start abiding some money this year. Can anyone give me any push for as to "How many I should claim?" Im thinking Single +1..


Answers: Your federal taxes should be VERY low for the year, and feasible $0. Your income of $25,000 will be offset by $7,850 standard deduction & $10,000 exemptions. That leaves $7,150 that you will be taxed on, which will create your tax bill $718 for the undamaged year. The child tax credit should whip your bill down to $0.

Here is the IRS website where you can see this by answering some question about yourself:
http://www.irs.gov/individuals/page/0,,i...

I put within that you are head of household, hold 2 kids, qualify for the tax credit for have 2 kids, and use standard deductions. The result is a tariff bill of $0 and that you should claim 7 exemptions on the w-4.

Starting to save money is a great opinion! You'll certainly want some stashed away surrounded by a savings reason (that you never touch) to handle emergency (health issues, car breaking down...). Once you win that emergency account established, you should start thinking something like a ROTH IRA so you can start saving for retirement.

Best of luck within your financial future!!
i would play it pick up and claim 5 that will give you severely little coming out of your check but insure you will not owe any money -- you are very smart contained by using your money instead of letting uncle use it all year free!

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