Questions tagged [savings]

a generic tag related to accumulating cash or bank deposit savings.

18 questions with no upvoted or accepted answers
Filter by
Sorted by
Tagged with
3 votes
0 answers
115 views

How do I see how much savings I will have at the end of the budget period with GnuCash?

I have set up a budget in GnuCash for a one year period, and I started out with some money in each of my accounts. How do I find out how much money I will be left with at the end of the budget period? ...
Costin_T's user avatar
  • 131
3 votes
1 answer
389 views

How can I make my 100K in savings safe and possibly a bit more profitable?

Situation sketch: I'm nearly 30 years old, single, still living with my parents in Belgium and disabled (autism in case it's relevant). I have a job where I earn about 1750 EUR after taxes monthly. I ...
Nzall's user avatar
  • 231
2 votes
0 answers
77 views

Can I use my personal savings to pay the limited company of which I am the director?

I'm an IT contractor (UK). I work and invoice through a limited company. When the pandemic began I was on a voluntary break between contracts. Obviously the market went very quiet. I decided to ...
Jim's user avatar
  • 21
2 votes
0 answers
231 views

Foreigner wishes to open a US bank account

My mother-in-law has had bank accounts in the US for many years. She has a social security number but she is too frail to travel here. My wife has Power of Atty. giving her specific powers to open a ...
Curtis Piper's user avatar
1 vote
0 answers
96 views

Understanding/Calculate effective annual rate and savings

I came across the following exercise: You put $1000 into a savings account today that offers a 5% APR with semi-annual compounding. What is the effective annual rate of the saving account? How much ...
Anton2107's user avatar
1 vote
0 answers
111 views

Saving for a house, is holding money in the bank account currently wise?

I was currently saving to buy a new house with as lowest mortgage as possible (have currently money in the normal bank account without any interest rates) and planning to make a buy around the middle ...
phoenix's user avatar
  • 111
1 vote
0 answers
48 views

Can I open a Help to Buy ISA, transferring a part of my existing Cash ISA, if I paid a small sum of money into that Cash ISA in this tax year?

I am aware that opening a new Help to Buy ISA is not possible when subscribing to another Cash ISA in the same cash year. On the other hand I've read that ISA transfers are not subject to this limit ...
KubaFYI's user avatar
  • 151
1 vote
0 answers
76 views

Investment or saving options Northern Europe

I am interested in basic financial advice for my current situation. I am mid twenties, living in Northern Europe and have gathered some savings over the years. Currently living in a rented apartment, ...
JohnDo's user avatar
  • 11
1 vote
0 answers
123 views

Where can cash reserves be stored in Canada, with 100% protection of principal and higher interest than high-rate savings accounts?

I abbreviate 'the amount of reserves to be deposited' to 'principal.' Criteria: This principal must be conserved (excepting rarities like the collapse of Canada) Must be able to be withdrawn no ...
user avatar
0 votes
1 answer
59 views

Generic FV of PV Formula with equal inflation and savings rate

I’m trying to arrive at a formula that allows me to determine the future value of a present savings amount (P), given the following: Period (p): e.g., Annual (p=1), Semiannual (p=2), Quarterly (p=4), ...
Sterdib's user avatar
0 votes
0 answers
39 views

Do any Belgian banks offer "virtual" accounts/cards/investment systems/funds where I can put aside money for purchase budgeting?

In order to be fiscally responsible, I would like to put aside a number of small distinct amounts of my monthly salary for specific types of purchases. For example, currently I do my PC games ...
Nzall's user avatar
  • 231
0 votes
0 answers
89 views

EE Paper Savings Bond reads MAIL TO:?

This was issued 23 years ago. Below my Son's name reads MAIL TO: and gives a person's name and PO Box address. I don't recall how I purchased this, and who this person is, but how does my Son find out ...
EEBONDQUERY's user avatar
0 votes
0 answers
80 views

Best place to keep savings for home down payment?

I'm currently saving for a first home down payment (in USA), but don't want to keep a large pile of money sitting in a low-yield savings account while I'm looking for the right home. I want to find a ...
MikeyC's user avatar
  • 232
0 votes
0 answers
40 views

How do I open an RESP account where I am both the subscriber and the beneficiary?

I am located in Canada and am trying to open an RESP account where I am both the subscriber and the beneficiary. The government of Canada website says I can open an RESP for myself here. I’ve called ...
Mohammad Ali's user avatar
0 votes
1 answer
196 views

Invest in both PPF and VPF

Is one allowed to invest in both VPF (Voluntary Provident Fund) and PPF (Public Provident Fund) in the same financial year and is there a limit on the same?
SoftEngi's user avatar
  • 101
0 votes
0 answers
33 views

Difference Between Opting In and Out of Courtesy Overdrafts

Let's say you had $50 as a balance in your savings account. You go out and buy something that costs $250. So, your balance is now 50 - 250 = - 200 dollars. What is the difference between Opting In ...
W. G.'s user avatar
  • 165
0 votes
0 answers
97 views

I am being offered whole life insurance with a savings account. Should I take it?

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."...
user1833028's user avatar
0 votes
0 answers
221 views

Early retirement options

I plan to retire early (around age 45). Living in Europe. My question relates to what order I should be saving / investing in now and what order to use that money when I get to my early retirement age....
Cloud's user avatar
  • 3,655