If you received $50,000 from a settlement, what would you do?
Before answering the question here are your hypothethical circumstances:you credit is shot or really impossible
you got alot of debt
you don't own a house
single mom
you get a grossly underpaid job
sub-par instruction
what would you do??
Answers: 1. Give away a sizeable chunk. (Don't worry. It will come vertebrae to you.)
2. Get out of debt.
3. Take some classes toward a certification of some giving. Don't bother with point programs yet. For most purposes they're approach over priced.
4. Put the rest into a form that will hold its value or grow over time. Don't put it surrounded by a savings justification, because the US dollar is a very doomed to failure investment.
-yk
Pay off dept
run some classes at a community college.
save some of it
Pay sour debt and try to re-establish good credit.
Look into classes to further coaching to facillitate better job within future.
You are grossly underpaid most predictable due to your sub-par education. You hold a lot of debt due to your underpaid career.
Get your debt under control any by credit counseling or pay it past its sell-by date if possible. Invest the rest surrounded by a small starter home/condo - you will begin growing equity almost straight.
Get financial aid and return and get a appropriate education any at a community college or online ( I got my bachelor's at St. Leo University online - singular way I could do it beside a disabled child and mother on chemo). There are lots of grants available to single women of low income next to children.
Make a plan and work the plan.
I would pay rotten all of the debt, so that I could repair my credit, which would confer me the option to buy a house toward the closing stages of 2008...(the prime lending rate is rumored to be hitting rock bottom of nearly 2.5 percent at the end of 08 and alot of homes that go into forclosure will be liquidated by the banks)-(Bernake mentioned this)
If I have anything left over, I would money off my vehicle.Then if I had anything else disappeared over... I would take a small time off.
Now if you were surrounded by a different circumstance, I would tell you to put the money into some type of interest earn account.approaching savings, and consent to it earn interest for you.
Step one, put $20,000 into a 12 month CD to hold until import tax season next year.
Step two, compensate off adjectives your debts.
Step three, put $4,000 into an IRA
Step four, put money into a 529 for your kids education so he/she can enjoy better opportunities.
Step five, turn eat a nice dinner.
First, I would repay off the debts. Second, I would look into on the increase my education.
Here is an article that shows lofty paying jobs that don't require a 4 year college level.
http://www.citytowninfo.com/studies/best...
If the credit limit is shot, don't bring to the fore further credits, Pay majority of the debts, because what ever the money u have received today, u r not going to receive surrounded by future. Tell the creditors that i own received only this much of money by passageway of a settlement and i request u to accept, and rather,relieve me. However, in skin in adjectives i get extra money i shall recompense u the rest of the money, since my salary is low and i hold to maintain my mom also. Don't purchase the house. Just stay surrounded by the rented room. Today u may be underpaid, tomorrow your salary may increase and u may no more remain underpaid. The situation of underpayment may cause u to work harder for the future life span.
Remaining amount may be kept in the ridge in fixed deposit, to earn interest upon it, which increase your income, as economically as the funds can be made available in satchel of the exigencies to take meticulousness of the mom.
I would use some of it for debt, but most of it I would use to make more money somehow (not making a bet lol, something safe)
The federal budget for fiscal year 2009 is...?
a) 41 billion b)3.1 trillion c) 40 trillion or d)125 million <- wrong.this is for a test correction.
Answers: The US Federal budget for fiscal year 2009 does not however exist. The PROPOSED budget is definitely within the TRILLIONS. I bet c) 40 Trillion, but I didn't bother looking it up.
I don't know...
What percentage of remuneration should be the House Rent?
I am living in Abu Dhabi, where on earth house rents are touching skies (probably literally). Now a question arises, what percentage of income should be house Rent? Take into account the dignified inflation in this region within recent years.Answers: It shouldn't be more than 35% if you are married and have your clan with you in attendance.
If bachelor, you should share an appartment and percentage should be 25% only.
Mortgage companies approaching to see no more than 33%, but I'd say more than 50% would really engender life rough.