How to total interest?
Lets say I own $2000 in my edge acount. How can I calculate the interest I will draw from in one year if the rate is 3.5%?Answers: Depends on how repeatedly the interest compounds. Here's a simple formula to calculate interest: (Principal) + ( [Principal]*[Interest / how normally it compounds each year] )
$7.00 dollars, if the interest is compensated yearly; you haven't given ample information; is the interested compounded daily? Monthly? the bottom rank either route is, the interest is not very much
Why can't i flog surrounded by e-bay?
i tried to register as a seller within e-bay philippines but i can't because it says that my cellphone number is not a valid number and that my credit card number is not authorised? help out please.Answers: you need to contribute the right information..go over the application again to craft sure you didn't accidentally pressed the wrong numbers
What are your top saving money tips?
Answers: 1. Create a budget and stick with it.
2. Put some money aside (even if it's 5% of your paycheck) for emergencies.
3. Brown-bag your lunch.
4. Eat dinner at home instead of going out to eat.
5. Borrow books, CDs, and DVDs at your local library instead of renting or buying them.
6. Consolidate your errands to save gas.
1. Know your cost of living. Make a list of your mandatory monthly expenses so you understand where your money has to go. Things like, rent, utilities, transportation, groceries, parking, school supplies, debt repayment, and student or activity fees fall in this category.
2. Once you know where your money has to go each month you'll be able to set up a discretionary fund and a savings plan. Put yourself on an allowance for things like entertainment, eating out, clothing, and special purchases and stick to it. It's never to early to start saving money so even if it's only $20 a week, try to put something aside in a savings account.
3. Keep your bills, bank statements and receipts all in one place. Organize them by month and by category (rent, bills, expenses) and keep them in a safe place. Make sure to go over your bank statements carefully and keep all ATM receipts. Consider having your bank return cahsed checks to you or at least ensure that you can see copies of all cashed checks online.
4. Look for ways to save. Consider carpooling, public transit or enviro-friendly biking as a means of getting around. Bring lunches and snacks from home. Buy your text books and lab supplies second hand if possible. Instead of paying a tutor set up a peer study group in classes that you need extra help with.
5. Understand your debt load. Student loans aside there are other ways that students get in to debt. Credit card companies target cash strapped students, most of whom are inexperienced with unsecured debt. It's a good idea to have a credit card for emergencies or for major purchases like books or a bike (since some credit card companies offer purchase and even theft protection) but avoid using plastic for day-to-day spending or for entertainment.
6. Finally, you are never too young to fall victim to identity theft. In fact, young people with little or no credit history are good targets. Keep your personal information, well, personal. Limit the information you post in your profiles on the internet to name, gender and general area of residence. Social networking sites have become havens for people looking to steal identities. Never leave ATM or debit reciepts, keep your credit card numbers private, and always shield your PIN from prying eyes.
1. Pay yourself first. I put what I know I don't need for bills, into a high-yield savings account. You can join at bank.countrywide.com. I'm getting over 5% per day...you can't get that a brick-and-mortar bank.
2. If you have mortgages, car payments, etc...use your financial institutions online bill payment service. If it's not free, change institutions to one that is. Seeing your bills all in one place makes it easier to gauge how much you need to keep in your checking, and how much you can move to that aforementioned savings account.
3. Keep your housing costs at 33% of your monthly gross income or lower. Just because a lender qualifies you to borrow more money, doesn't mean you need to take THEIR word on YOUR budget. I made the mistake of listening to the lender and now I'm stuck with a condo that I can't sell because I have more in it than it's currently worth. Don't make the same mistake I did!
4. Pay off credit card debt ASAP! There's no point in paying a financial institution to hold your debt for you unless you can make more on your investments...which very rarely happens. I don't have credit card debt at all!
5. Get a raise at work. Then, instead of spending the raise, save it instead of getting a nicer car or going out to eat a nicer restaurants.
6. Speaking of restaurants, people love Starbucks or something similar. A drink and biscotti is about $4, so if you only did that 200 days a year out of 365, there's $800 towards your credit cards or put into a high-yield savings account. :)