Archive for February, 2007

What’s a good percentage to take out of my paycheck for a savings account?

Monday, February 26th, 2007

runner_shawn asked: I want to build up a savings account with my wife so that we can have a good nest egg for when we decide to have a kid. I’m 25 and she’s 22 so it’ll be 2-3 years and we want to start saving more than we are. How much should [...]

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Can you have a joint savings or checking account with someone if you are not married to them?

Friday, February 23rd, 2007

for danny asked: My boyfriend is joing the navy and he and I both agreed that I should be in charge of his money while he is away. Can we open a joint checking or savings account that his checks can be directly deposited into even though we are not married? Does anyone have any [...]

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7 Things You Should Know About Health Savings Account Plans

Wednesday, February 14th, 2007

Health savings accounts (HSAs) are wildly popular. Since their introduction in 2004, approximately 2.5 million Americans have enrolled in these so-called consumer-driven health plans. But, alas, HSA plans are not for everyone.Here are some pointers to help you consider whether an HSA will benefit you and your family.1. An HSA plan can cut healthcare costs [...]

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Can I take my savings bonds and invest them in an IRA, mutual fund, or other type of savings account?

Sunday, February 11th, 2007

charcartoon asked: I have 7 savings bonds that I purchased this year from my job. I bought them for $50. In July I stopped buying them because I realized that they are of little value. Instead of just keeping these bonds locked up in a drawer somewhere I was wondering if I could possibly put [...]

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Should I use all the money in my savings account?

Sunday, February 11th, 2007

asked: I have the option to pay off my car loan but if I do that all the money in my savings will be wiped out. And it’s been a struggle to save in times like these with gas prices, food and other bills. Should I pay off my car with all the money [...]

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question about the way interest accrues in a savings account?

Saturday, February 10th, 2007

ucsdtritons asked: Say I have $50K in a savings account, and in the middle of the month, before the interest is added at the end, I withdraw half. Do I lose interest on the amount withdrawn from the first half of the month?Rolland Feild

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How old do I have to be to get a savings account?

Wednesday, February 7th, 2007

Krzysztof asked: And can someone please just explain what i need to know, if there’s a cost, or what a CD is, and what the difference is from a CD and a Savings account? I wanna find out as soon as I can…Raul Pritchell

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Learn How to Beat the Health Savings Account Tax-savings Deadline

Wednesday, February 7th, 2007

 The December 1st deadline is drawing near to secure substantial savings on your current year taxes. With the upheaval in our economy, there has been quite a surge in the number of people applying for HSA-qualified health insurance. HSAs, or Health Savings Accounts, allow you to put aside pre-tax money to cover future medical expenses. [...]

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Savings Account?

Tuesday, February 6th, 2007

Jason asked: You started a savings account in 1994. The balance A is given by A=250(1.08)^t, where t = 0 represents the year 2001. What is the balance in the account in 1994? in 1999? in 2001?
2001 = 250 right?
I don’t get the rest of it.Collette Bagwill

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Can I make my “regular” savings account into an online savings account at the same bank?

Sunday, February 4th, 2007

Tyler D asked: I have a savings account I opened a few years ago with a 0.25% APY. I see my bank also has online savings account with 3.75% APY.
Can I get the bank to make this into an online savings account so I can get the higher rate?Caridad Szoka

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