Questions tagged [savings]

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

13 questions with no upvoted or accepted answers
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89 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? ...
3
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1answer
207 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 ...
2
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1answer
306 views

How to strike balance between home loan, savings, investment, tax savings, marriage, retirement plan, startup & living life?

Small intro: I am 30 years old, living with my parents in Mumbai, India. I am the only child. During the past 8 years of working, I have managed to change my family's financial condition to a great ...
2
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0answers
222 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 ...
1
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0answers
102 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 ...
1
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0answers
42 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 ...
1
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0answers
66 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, ...
1
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0answers
120 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 ...
0
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0answers
30 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 ...
0
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1answer
34 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?
0
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0answers
29 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 ...
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0answers
89 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."...
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206 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....