savings's questions - English 1answer

513 savings questions.

I have cash I can either put towards my mortgage, or invest in the stock market. I live in the US, and have no other debts. My mortgage interest rate is fixed at 3.5%. No penalties on pre-payment. In ...

I am a resident of Europe. I currently work a full time job, which pays around 1.5k euro monthly. I have under 1k in savings. I just finished my 1st year of Computer Science in college. I am aiming ...

I am 25 years old software developer with no loans. Before my software developer work I rarely had more than enough money to live by and I was not thinking of savings and such since I didn't any spare ...

A fund's units are sold for 150$. My platform allows me to start investing into that fund on a monthly basis for 100$, and I pay 25$/month in the next couple of years. Does that mean I buy a new ...

this is my first question so I apologize if I don't provide enough information or my description seems vague. I'm 18 and live in the Midwest of the US. My parents helped me set up a bank account last ...

I have been paying into a tax free index tracking account for a number of years, the amounts were only occasionally regular and varying in size. I haven't withdrawn anything. I have exported data ...

I have a financial spreadsheet with a column of all my deposits into my savings account. The leftmost column lists the dates of the deposits. Now, let's say my savings balance is $100.00 and my ...

I have a rather large amount of student loans, around 40k euro. The rate is set for 5 year time periods. I have to pay 0.01% interest over them until 2020. Historically, it has rarely been higher than ...

My savings account has 0.15% APY. I use it as an emergency fund. I was thinking about moving much of it to a money market fund. This fund's expense ratio is 0.64%, and its 5-year total return is 0....

I'm 19 years old Software Development Student from The Netherlands Currently i'm making around a €500 (600USD) a month. My parents are saying that I should deposit at least 35% of my wage to my bank ...

I live in South Africa and I just started working this year. I would like to do what is the best thing for me to do with leftover money each month, instead of just spending it. When I say leftover ...

Lets say I have personal savings of £20,000 in cash. How could I possibly get the most out of these savings without just letting it sit there idle? What are the options out there to make the most out ...

I came across this article. It states, The plan calls for young people to put 15 percent of their salary into a savings account — whether it be an IRA, 401(k) or taxable account — starting at ...

I'm 18 and about to go to college. Luckily, I don't have to worry about student loans or most other living expenses. I've been working and have over $6,000 (will probably be about $7,000 by the end of ...

So I'm a college junior taking on my first actual paying internship this summer. I'll be making between $3000-$5000 a month. I know NOTHING about investing money, or what I should do with money ...

Lets say i can save around 1,500 per month. This money is building towards a house. What financial product would provide the best return where i can make these types of monthly deposits over the ...

I am aware of the £1,000 Personal Savings Allowance, adding this to the equation confuses me even more. So which one would be more beneficial at the end of the year, consistently adding £1,500 every ...

I'm leaving my job soon to spend the next year career switching / experimenting / travelling etc. - being generally self-unemployed. I am planning to do odd jobs now and then, as well try some ...

My wife and I are working our way out of debt; specifically, credit card (in lieu of student loans; I know this was a bad idea, don't remind me!) and personal (money loaned from her parents). Our ...

I am looking for a method to calculate - or estimate - whether it would be better to pay off car debt or start value investing in stocks. My history: We are soon to get about 1900 USD/month in ...

I'm looking for suggestions. I need a business checking and savings account, where I can setup full access for myself (withdrawals, deposits, view account number and routing information, etc...). ...

I'm from Argentina, where the shit is about to hit the fan just like 2001. We are going to have a crisis similar to Greece in recent times (or us 17 years ago): all debt related. I'm not an economic ...

I'm unemployed and on a tight budget with 6 months of savings. Should I pay off my credit cards to avoid monthly payments even if it reduces half of my savings? Is there a risk of the bank reducing my ...

I was looking to put some money in a simple savings or money market account. But I found a caveat in each bank’s small print that made me hesitate. The bank’s marketing shows a high rate, say 1.5% to ...

Generally speaking, if you've come into a little bit of money (for example, the profit from the sale of real estate), is it better to use that money to pad your savings account or pay down your debt ...

In light of the events in the banking market over the last few years, there have been calls from some quarters for investors to move their money from the larger banks, so they are no longer "too big ...

I want to start investing my money. I've decided to invest a monthly fixed amount by buying ETFs. I am currently investigating different ETFs to decide on what my portfolio allocation will look like. ...

My employer does not use the common 401(k) retirement program - they are a state employer and use a different but similar State retirement program, along with a deferred compensation program that uses ...

To start off, I'm very naive when it comes to these issues. I know virtually nothing about retirement funds. I'm 24 years old, and currently in my second year of a gap between undergrad and PhD ...

We have a mortgage at $207K at 5%, a HELOC balance of $7500 at 3.25% and a credit card balance of $3300 at 13.9% APR. In savings we have $116K and in a mutual fund we have $21K My plan was to take ...

At the bank or financial institute how are the interest calculation is different from loans and savings? Are they calculated the same way?

I am young, just started my career, and looking to begin investing so I can make my money work for me. I'm still living like I did in college (occasional purchase on myself, but most of it goes into ...

Lets say I have $100 each month to put in my savings account and that I want to save towards thing A, B, C and D that each cost the same (e.g. $200 each). I'm not sure if I should have one savings ...

I am being offered a savings account with a Whole life Insurance policy. I believe it is 100,000 policy for $30 a month. However, half of this goes to a savings account with a 4% "compound interest."...

I have start my first "big boy" job just 6 months ago. Currently I am putting ~$1000 into a savings account each month that goes untouched. I have saved up $5000 as an emergency cash account for ...

Imagine if I earned $90000CAD annually (before Tax) in Toronto, what would be the most financially sensible maximum rental cost to bear? Would renting a house for $2500CAD monthly be somewhat over-...

So I have 10K to invest. I did not do any sorts of investments before and I am really scared coz I don't know any information and risks and all that. I heard that mutual funds is something to look at, ...

Digit and Acorns both seem to do similar services, what exactly are the differences between them?

I want to understand the rationale behind buying into a short-term Treasury ETF (or mutual fund). In particular, I want to understand how it compares to buying short-term Treasury bonds/bills directly ...

My younger brother runs a small yet lucrative business in his free time. He has accumulated around £20k in a very short time. My mother wants him to put this money into buying a property, i.e: a ...

I am going to college in France in a year, and I have already saved money for that (I don't live in France — I am just going there for my studies). However, the country I live in — whose name I ...

Say we break down non-monthly costs into the following three categories. High level of predictability: This would include oil changes that may be needed every 2 to 4 months depending on usage, car ...

Situation: Around 1,000 month disposable between 2 of us. Current mortage outstanding balance is 95k on a 120k property, saving almost entirety of disposable income. Now the situation has arisen ...

I am living abroad for the past three years on a student visa, and therefore fall in the 'NRI' category. I have a NRE account where I had sent some funds from abroad. Lately, I have been thinking to ...

Let's say I deposit $50,000 into the bank and in the first year I put in an installment of 5,000 and the interest is calculated monthly at 7%. In the second year, all is the same except for my yearly ...

Would it would be wise to stop contributing to my current 403b retirement fund and switch to an IRA? Current Situation: 403b has no employer match . 403b is currently with Fidelity. I am young and a ...

I've been in the UK since May, but I've been subletting apartments. I have a permanent job and I'm able to save 70% of my salary. I have the bank account in Lloyds and they told me that I'm not ...

The UK government has recently released a new type of ISA, the Lifetime ISA, to help first time buyers, such as myself. My goal is to save £100,000. My current savings are (all figures are rough): ...

I see lot of information about the power of compound interest and how it can help money grow. I understand the mathematics of compound interest but I have no idea how to take some money and make it ...

I'm new to US and its personal finance specifics. I have stable predictable income each month part of which (~$5k) I want to save. I'm not planning to use that money for the next 3-4 years. What are ...

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