• Should I do what my dad is asking me?

    My grandfather (my dad's dad) died last year and my dad inherited some money from him. My dad said that because my mother has discredited him over child support in the past, he can't cash the check right away. He's asked me to: 1) Endorse the check. 2) Deposit the check. 3) When the check clears,... show more
    My grandfather (my dad's dad) died last year and my dad inherited some money from him. My dad said that because my mother has discredited him over child support in the past, he can't cash the check right away. He's asked me to: 1) Endorse the check. 2) Deposit the check. 3) When the check clears, withdraw the funds. 4) Put funds in an envelope and seal. 5) Mail certified, insured, and pay for next day delivery. He told me I can take $500 as my cut. The question is, should I do this? I don't know if this would pose any personal risk to myself. He told me that I can ask friends or coworkers about it, so I don't think anything about it is illegal. For the record, I am 23, but I still don't know a lot about finance beyond the basics. While my dad hasn't tried to screw me over in the past (at least not that I'm aware of), I don't know him well and am not sure what to do.
    44 answers · 1 week ago
  • How much money should I save out of each paycheck?

    Best answer: Probably 10%. Keep it realistic, and put it in an account you get charged for if you withdraw. Don't try to save too much money, at your age you should be having fun :). And be proud to work at maccas, I did too!
    Best answer: Probably 10%. Keep it realistic, and put it in an account you get charged for if you withdraw. Don't try to save too much money, at your age you should be having fun :). And be proud to work at maccas, I did too!
    26 answers · 1 week ago
  • Is it wrong for a person to have a saving for more than $15000?

    My target for my saving is $100000, but my mother says we need to invest the savings, and warned me not to have savings of $70000-$80000. Is it wrong for a person to have a saving of $70000-$80000?
    My target for my saving is $100000, but my mother says we need to invest the savings, and warned me not to have savings of $70000-$80000. Is it wrong for a person to have a saving of $70000-$80000?
    26 answers · 1 week ago
  • How much money should you save before moving out of your parents house?

    I know I really should not be asking this question, because I am only going into my second year of college this September. I am majoring in IT and this is a typical 4 year Bachelor's program at university. I live in New Jersey and when I land a career after graduating college, I really plan on moving out to a... show more
    I know I really should not be asking this question, because I am only going into my second year of college this September. I am majoring in IT and this is a typical 4 year Bachelor's program at university. I live in New Jersey and when I land a career after graduating college, I really plan on moving out to a state on the west coast like Washington state where it's cheap to live and I am more of an apartment person, I don't want a house. I am kind of desperate to leave my parents house once I land a job after graduating college. Forget California. everywhere is too expensive to live there, unless I land a decent paying job there. I've only had two working experiences in my life. I've worked at a store during the beginning of my college freshman year for around a month that paid a $8.50 an hour. This summer I am working at a grocery store that is paying me $8.75 an hour and they will raise me to $10 an hour this week. I am not sure if I want to work during the school year, because I want to concentrate in school. Right now i have approximately $9,500 in my bank account and most of the money is what accumulated from relatives' gifts over the years. I notice that my dad tells me not to use a debit card, and I think the reason is that he wants me to use my parents' money so i can save up my bank account for the future.
    42 answers · 2 weeks ago
  • Am I eligible for a refund?

    A few days ago, I went on to a website and ended up giving my bank details to start an account free. Even though it was for a FREE account, the website specified that the reason they were asking for bank details was to verify my age to see if I was eligible for the account to be created and below the part of the... show more
    A few days ago, I went on to a website and ended up giving my bank details to start an account free. Even though it was for a FREE account, the website specified that the reason they were asking for bank details was to verify my age to see if I was eligible for the account to be created and below the part of the website where it asked for you to enter your bank account details, the website specifically stated that NO MONEY WOULD BE TAKEN FROM MY ACCOUNT, yet 5 minutes after signing up and giving them my details, £47.94 was taken out of my account under the website that I had just been on, but under a slightly different name. I clearly did not enter my card details for the intended purpose of having nearly £50 taken out of my account, as the original reason for me entering my card details was to verify my age. I've tried emailing the website but two days on and I haven't received an email back. What should I do next?
    12 answers · 2 weeks ago
  • Is $29 an hour considered very good pay?

    29 answers · 2 weeks ago
  • Is the job a scam? She told me I needed to give my bank account information to her to get hire. Without it I will be unable to get hire.?

    I gave her my bank account information and I got hire. I haven't receive a paycheck yet. No money has been deposited into my bank account either. I work at least 2 weeks there.
    I gave her my bank account information and I got hire. I haven't receive a paycheck yet. No money has been deposited into my bank account either. I work at least 2 weeks there.
    8 answers · 1 week ago
  • Which is best to tackle first: building an emergency fund or credit card debt?

    Best answer: The interest on credit card debt is always going to be far more than you could earn from saving or investing the money. So this is a no-brainer. ALWAYS get rid of the debt first.
    Best answer: The interest on credit card debt is always going to be far more than you could earn from saving or investing the money. So this is a no-brainer. ALWAYS get rid of the debt first.
    7 answers · 1 week ago
  • Is it fair to make only kids who financially qualify be allowed to get free lunch at school?

    Best answer: that's called planning ahead, if you are too lazy to prepare your own lunch and you know what it will cost to pay for the lunch at school you plan ahead and make sure you have the right amount of money, just like you plan to make sure you are taking the right books and lessons that will be needed that day the... show more
    Best answer: that's called planning ahead, if you are too lazy to prepare your own lunch and you know what it will cost to pay for the lunch at school you plan ahead and make sure you have the right amount of money, just like you plan to make sure you are taking the right books and lessons that will be needed that day
    the free lunches are for the children whose parents don't make the kind of money your dad does, I am surprised the lunch would not allow you to run a tab to be paid the end of each week
    7 answers · 1 week ago
  • Low income, marriage. How can you afford a place?

    Me and my fiancé would like to get married but I live in section 8 housing, no job and I have 2 kids. He also has 1. He only makes $12. He has car payment and other bills. We want to get married but then I'll lose my benefits and my apartment... any advices (not rude ones) I am completely stuck and don't... show more
    Me and my fiancé would like to get married but I live in section 8 housing, no job and I have 2 kids. He also has 1. He only makes $12. He has car payment and other bills. We want to get married but then I'll lose my benefits and my apartment... any advices (not rude ones) I am completely stuck and don't know what to do. I can't afford a baby sitter to be able to work. I tried government baby sitter but you have to pay co pay every day they baby sit and I can't even afford that plus my rent will go up if I get a job so I am literally stuck. What can I do..? I am in an endless pit
    18 answers · 2 weeks ago
  • What do I need to do to move out?

    I'm 30 years old and I still at home with my parents. But I want to move out I don't have a credit history so I can't get an apartment. I was going to wait and move in another year. But I'm not sure if I want to stay that long. My parents are really overprotective and I'm tired of it. I'm... show more
    I'm 30 years old and I still at home with my parents. But I want to move out I don't have a credit history so I can't get an apartment. I was going to wait and move in another year. But I'm not sure if I want to stay that long. My parents are really overprotective and I'm tired of it. I'm just not sure how I should go about doing this.
    9 answers · 1 week ago
  • Social security--if the average monthly payout is 1350.00 why do i only recieve 1200.00? i worked for 47 years?

    Best answer: If your monthly benefit is less than the national average that means that you earned less each year than the average US citizen. I think right now the average wage is around $50,000. You get out of SS what you've paid into it. High earnings=high benefit. Low earnings=low benefit. Social Security uses a... show more
    Best answer: If your monthly benefit is less than the national average that means that you earned less each year than the average US citizen. I think right now the average wage is around $50,000. You get out of SS what you've paid into it. High earnings=high benefit. Low earnings=low benefit.

    Social Security uses a person's high 35 years of earnings to compute a benefit. You earned less in those 35 years than half of all other wage earners. Keep in mind that there are people who are paying social security taxes on earnings up to $127,000 currently; last year it was $118,500. Perhaps that will put your earnings in perspective.
    12 answers · 1 week ago
  • First place on my own. Advice?

    Best answer: It sounds like you're actually taking on all of the right steps here. Here's the next serious step for you; to look at a budget you will have as a fully-functioning adult, and find ways to make that a reality now. 10% of your monthly income will be going to long-term (ie. retirement) savings. While paying... show more
    Best answer: It sounds like you're actually taking on all of the right steps here. Here's the next serious step for you; to look at a budget you will have as a fully-functioning adult, and find ways to make that a reality now.

    10% of your monthly income will be going to long-term (ie. retirement) savings. While paying back debts, use this to boost your emergency fund savings.

    15% goes to debt repayment/emergency fund. If you had no debt this would go to emergency savings (which should equal 6 months worth of your income), but if you have any debt this goes solely towards there.

    35% goes to housing (rent, mortgage, bills, utilities). While living at home, "pay rent" by putting this money towards your emergency fund; you'll learn to live off of less (and see if you can actually afford to live that way) while simultaneously boosting your savings faster.

    15% goes to transportation (gas, insurance, bus, car payments, repairs). Depending on your car payments, you may actually find you're borrowing money from other categories to fit in here. See if there's a way you can downgrade this category where possible.

    25% goes to life (food, entertainment, clothing, gifts, travel, medical, phone, gym, etc.): Multiply this number by 12, Divide by 52, and you'll get the amount you'll have each week for all of these items. If it's less than $100, the idea of moving out is laughable.

    It's good you already somewhat do the groceries and household shopping, it should give you an idea of what it'll cost you to live. Chances are you don't make enough to move out on your own, but shop around various places in different areas and see about one or two room-mates.
    22 answers · 2 weeks ago
  • I am 68 years old and on social security is there a limit to what you have in a saving account.?

    Best answer: If you are in the US, social security has no interest in your resources because social security isn't a benefit based upon financial need. And at your age, you can work and earn as much as you like without penalty from social security (although you might have to pay income taxes on a portion of your social... show more
    Best answer: If you are in the US, social security has no interest in your resources because social security isn't a benefit based upon financial need. And at your age, you can work and earn as much as you like without penalty from social security (although you might have to pay income taxes on a portion of your social security benefits). Benefits are paid out of social security trust funds.

    Only if someone receives SSI (supplemental security income) does money in a savings account matters. But then SSI isn't social security; it is a federal welfare program and benefits are paid from general tax revenues. That means that it is a program based upon financial need and a person on SSI has a limit as to income and resources.

    NOTE: The only time social security would be interested in bank accounts would be if a person is overpaid social security benefits and they are alleging they can't afford to pay it back.
    16 answers · 2 weeks ago
  • Chase College/Student Account?

    I recently set up a college bank account. My mom can deposit and withdraw money form my account (I was was not in favor of this). Will she also be able to see my purchase I make uses my balance
    I recently set up a college bank account. My mom can deposit and withdraw money form my account (I was was not in favor of this). Will she also be able to see my purchase I make uses my balance
    3 answers · 1 week ago
  • My dad won't let me use online banking?

    I got a high school account at chase because I'm going to work this summer and it's a checking account so I get a debit card and with the app I can check my balance and view my activity which is very convenient. But my dad says I can't do it because "it's not secure" . I'm probably... show more
    I got a high school account at chase because I'm going to work this summer and it's a checking account so I get a debit card and with the app I can check my balance and view my activity which is very convenient. But my dad says I can't do it because "it's not secure" . I'm probably going to do it behind his back anyway but is it safe?
    10 answers · 2 weeks ago
  • How to save up money?

    I wanted tips on how to save up money. My car payments are 464 dollars each month but I get paid about 700-800 dollars every 2 weeks. I need to save up 650 by November to go on a trip to Washington D.C how can I reach my 650 goal ?
    I wanted tips on how to save up money. My car payments are 464 dollars each month but I get paid about 700-800 dollars every 2 weeks. I need to save up 650 by November to go on a trip to Washington D.C how can I reach my 650 goal ?
    5 answers · 1 week ago
  • How long will it take to save $10,000 dollars working minimum wage (part time)?

    I get payed $7.25 hourly and I'm a teenager. I sometimes work 6 hours. My pay check usually be at least $125-$330 everytime.
    I get payed $7.25 hourly and I'm a teenager. I sometimes work 6 hours. My pay check usually be at least $125-$330 everytime.
    9 answers · 2 weeks ago