Jan 27

Is financial analysis and consolidating debt really worth it?

Posted in Personal Finance
AliyahMichelle asked:


My boyfriend and I just had a financial analysis done but haven’t gotten the results on our options yet. Is it really worth it to go through with this? Has anyone had experience on it? I mean we have debt but not so much we can’t handle. On the other hand we are both mid-twenties and have no retirement savings started and we are not able to put much, if any, in our savings accounts. We will have the option to consolidate debt, start retirement accounts, have money to put in savings, and get better life insurance. Is this just a ploy for the financial company to prey on young people or is this real? Please help!

comments: 4 » tags: , ,
Jan 27

What is the difference between a finance and a balloon finance?

Posted in Personal Finance
zak-civic00 asked:


I’m planning on purchasing the all new mercedes benz glk 2010..and when i checked the pricing online the balloon finance is cheaper than the finance. i just want to know what the difference between the 2 deals are.

comments: 3 » tags: , ,
Jan 25

What personal finance lesson do you wish you had been taught by your parents or in school?

Posted in Personal Finance
Bdubs asked:


Personal finance was slightly taught to me by my parents or in school. I had to learn how to balance a checkbook, the dangers of credit cards and about saving all on my own. What personal finance lesson do you wish you had been taught in your younger years & how would that have changed your current economic status?

comments: 8 » tags: , ,
Jan 25

How do I get my finance to stop swearing?

Posted in Personal Finance
TJ asked:


My finance is swearing all the time, & I have a 7 year old boy, & we have a baby on the way. I don’t think it is good for my son to hear these words all the time. Often he uses cuss words in a normal conversation. He also has a short temper & simple things get him to swear & yell. I don’t want to raise kids like this, how do I get him to stop. Isn’t it bad for kids to hear?

comments: 5 » tags: , ,
Jan 24

Why did the investment bankers think it was profitable idea to securitize bundle bad mortgage loans?

Posted in Personal Finance
Kuntree asked:


First I don’t understand why banks would loan money to someone with bad credit or not having the means to repay. Second I don’t understand why investment companies like Bears Stearns would repurchase the loans from the banks. Securitize them and sell them as bonds. What are they learning at these prestigious business schools? How to be a licensed crook? The credit rating agencies are seem to be payed by not assigning the proper credit ratings. The country is falling apart because people don’t have the discipline to live within there means. Greed is running rampant.

investment
comments: 1 » tags: , ,
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