All Questions

7
votes
1answer
323 views

Getting on the property ladder: mortage, downpayment, fees? [UK]

Once I've got my finances straight I'd like to think about getting my own place, but what sort of money am I looking at to have under my belt before I can begin thinking? Is it right that the UK ...
5
votes
2answers
328 views

How much does it cost to buy mutual funds? Where can I find about about the charges?

Regarding investing in mutual funds: How much does it cost to buy mutual funds? Where can I find about about the charges?
5
votes
1answer
466 views

We get receipts from our child care provider. Can we still claim a tax benefit even though they're not licensed?

We get receipts from our child care provider. Can we still claim a tax benefit even though they're not licensed? [Note: This is my paraphrased version of a similar question I answered at moms4mom.com....
4
votes
3answers
167 views

Are quarterly earnings released first via a press release on the investor website, via conference call, or does it vary by company?

Are quarterly earnings released first via a press release on the investor website, via conference call, or does it vary by company?
18
votes
3answers
3k views

I'm 23, living at home, and still can't afford my own property. What could I do?

Most of my friends have their own places, either rented or mortgage. Should I be concerned that I still live at home? I bring home around £1300 after tax, £400 of that goes on car finance+tax, £200 ...
15
votes
4answers
1k views

If I have some old gold jewellery, is it worth it to sell it for its melt value?

TV, radio, and print ads make it look easy to get cash for gold jewellery. But, really, is it worth it to sell jewellery for its melt value or is there a better alternative? Do places that offer to ...
6
votes
1answer
10k views

How many days do I have to hold a stock before it is considered a capital gain by the CRA?

I want to sell a Canadian stock from my investment account that I bought a month ago. The stock makes about 20% gain and I am afraid it might go down in the further. If I sell it now, will Canada ...
11
votes
7answers
590 views

How many credit cards is it reasonable to have?

Is there a right number of credit cards to hold? (Please don't say zero :) What would be the excessive number of credit cards, or how else would you judge enough is enough? If I have some cards I do ...
8
votes
2answers
258 views

Are there any viable alternatives to Paypal for a small site?

I don't want to have the hassle of dealing with credit card or direct payments directly on my website, the volume and amount of transactions don't justify the effort. I've set up Paypal on the site ...
11
votes
8answers
314 views

If there's no volume discount, does buying in bulk still make sense?

If I'm buying household items that get used up (e.g; furnace filters, soap, etc.) is it still worthwhile sometimes to buy a bunch, even if there is no volume discount, or am I wasting money? p.s. ...
15
votes
2answers
7k views

What is “financial literacy” and how does one become “financially literate”?

How does one become "Financially Literate"? Also, on a side question; what does "Financially Literate" even mean?
9
votes
2answers
338 views

How and where can I deposit money to generate future payments / income?

My Question. What do I deposit now, today, to pay myself $300.00 per week,i.e. $15,600.00 annually at 5% interest for 10 years? What kind of or type of financial institution do I deposit the in? A few ...
16
votes
4answers
10k views

Will our hefty student loans affect our chances of getting a mortgage?

My husband and I live simply but we're content. I'm an avid budgeter and love finding ways to be frugal. My dilemma right now is that we've been able to keep our living expenses below what we make, ...
15
votes
8answers
19k views

PayPal wants me to “add a bank account”, another funding source. Credit card isn't working. Why?

This is the second time in the last couple of weeks that I'm seeing the following error from PayPal. (Note: I've deliberately hidden the name of the merchant at the top.) "You cannot use this ...
4
votes
1answer
987 views

What are the tax liabilities for an international transaction?

I have website for which I have set up a sponsorship scheme for (see my profile if you're interested). With this scheme, some individual or company can choose to sponsor X or Y amount and that gives ...
9
votes
3answers
5k views

Can I charge interest on money that I have lent out, even though I am not a financial institution?

On the news a couple of years ago, in BC, they said that if you are NOT an financial institution, it was illegal to charge interest on any money that you have lent out. Now I live in Alberta. And ...
5
votes
2answers
3k views

Quicken 2008 Online Balance vs. Ending Balance?

I'm using Quicken 2008, I'm pondering upgrading to the 2010 edition, but...I'm having some problems; the online balance says I have like 3,000 some dollars and my Ending Balance says that I have like ...
6
votes
2answers
302 views

How can a 529 plan help me save for my child's college education?

How can a 529 plan help me save for my kid's college education? Who offers 529 plans? Are there any special restrictions or conditions on these plans that I should know about?
6
votes
2answers
458 views

What is a FICO score and how is it related to a credit report?

What is a FICO score and how is it related to a credit report?
8
votes
1answer
157 views

How can I save money on home insurance?

What are some of the easy or not-so-easy ways to save money on home insurance?
8
votes
4answers
603 views

How can I save money on car insurance?

What are some of the easy or not-so-easy ways to save money on car insurance?
12
votes
3answers
858 views

Can I withdraw from my Roth IRA retirement account to fund a startup?

I'm 24 years old and have $10k in my retirement accounts (Roth IRA) after about a year with a real job. I'm considering withdrawing the entire balance to support myself for a few months while I ...
5
votes
1answer
3k views

What is a W-8 form, and how should I fill it in?

I've been looking at some online ad revenue providers. The US-based sites seem to want me to complete a W-8 form. What is the W-8 form and how should I go about completing it?
12
votes
3answers
11k views

How much would be a fair raise or salary increase to ask for at work?

I have not got a raise at work for some time - almost two years - and I think I am due. I did not ask during the crisis because other companies were laying off, etc. Mine didn't lay off, we actually ...
22
votes
7answers
1k views

Does dollar cost averaging really work?

Does dollar cost averaging really work? If I have money available now, why shouldn't I invest it all at once? If the market's going up, wouldn't that be better?
14
votes
5answers
2k views

Should I put more money down on one property and pay it off sooner or hold on to the cash?

I've a huge chunk of money saved up for a down payment on a property that I'd eventually like to pay off and use as a rental. The assumption is that the property value will go up substantially over ...
25
votes
4answers
975 views

How does one find a good financial advisor?

I've talked to a few FA's and they all seem more intent on selling me products than giving me advice. Case in point - one of them was pushing me to invest my cash savings in her bank's funds when I ...
4
votes
2answers
4k views

Canada Universal Child Care Benefit (UCCB): $100/month per child under age 6 from the government. Is it true?

Somebody told me that if I have a child under age 6, then I'm entitled to get a $100/month benefit from the Canadian government. Is that true? How do I apply for it?
30
votes
3answers
2k views

What are the pitfalls of loaning money to friends or family? Is there a right way to do it?

What are the pitfalls of loaning money to friends or family? Is there a right way to do it?
9
votes
4answers
519 views

Should I keep most of my banking, credit, and investment accounts at the same bank?

I have two bank accounts (checking and saving), some credit cards (3), a mortgage, an investment account, and an individual retirement account. Right now all of those accounts except two of the credit ...
9
votes
2answers
706 views

Are travel point / reward credit cards worth the hassle and cost?

Are travel point / reward credit cards worth the hassle and cost? Many such cards have fees, and when you try to book there are often restrictions. What has your experience been with these types of ...
14
votes
3answers
455 views

Is it worth it to use “balance transfer” credit cards, to take advantage of low-rate offered as sign-up incentives?

I'm attracted by the low interest, but scared of having too many credit cards and losing track of payments, or worse, adversely-affecting my credit rating or future borrowing potential by having "too ...
6
votes
4answers
295 views
13
votes
4answers
945 views

Where can I find an example of a really basic family budget?

It's about time that I took my family's finances seriously and built a budget. I'd rather not start from scratch, and am thinking, "surely, I can benefit from someone else's work?" - can someone ...
19
votes
2answers
483 views

What is a reverse mortgage?

What is a reverse mortgage? I hear these advertise often but don't understand how they are different from a regular mortgage! Can somebody explain please what they are and when they would be useful? ...
22
votes
9answers
4k views

Online money management applications: Do you trust Mint.com or Quicken Online, or other personal finance tools online?

For online applications such as Mint and Quicken (online), to automatically update your accounts, they'll always ask you to enter your login info to your banking and/or investment accounts. Do you ...
12
votes
4answers
513 views

What is the theory behind diversification? Why does it work?

We are told always that diversification in a portfolio is good. "Don't put all your eggs in one basket." But is there mathematical theory behind diversification to back up the advice?
12
votes
4answers
743 views

Free “Rich Dad” education, with “free gift”: Is it legitimate, or is it a sales ploy?

What's up with the Rich Dad "Learn To Be Rich" free education? I heard an ad on the radio today and was skeptical... Would it really be worthwhile information, or is it a sales pitch in disguise as ...
36
votes
13answers
35k views

Is there a good rule of thumb for how much I should have set aside as emergency cash?

I'm buying my very first home, and should be receiving the $8,000 first-time home buyers tax credit. A majority of my savings are going to the down-payment of the house, but we still have a pretty ...
4
votes
1answer
116 views

Does being involved in the management of a corporation make me ineligible for a workshare program?

If my employer offers a workshare program during this recession and I own a small side business (even if it makes little or no income), am I ineligible for the workshare program?
18
votes
1answer
1k views

What's the differences between a discount broker and a regular broker?

What are the differences between a discount broker and a regular broker? "Discount" implies a price difference... but why can they be cheaper than regular brokers??
3
votes
1answer
1k views

How is the Advance Earned Income Tax Credit (Advance EITC) supposed to work? Help!

As a working mom of four and a full time college student I am broke. I looked into Advanced EIC and filled out the form to get an Advance EIC added to my paycheck. I picked up my check today and had ...
7
votes
3answers
271 views

What bank deposits are insured in the U.S.?

What kind of bank deposits in the U.S. are insured against banks going under? What do I need to look out for to make sure my money is safe?
3
votes
1answer
2k views

Is it possible to lease a car in Canada as a non-resident?

I'm a non resident of Canada, living in Vancouver, BC, Canada - what are the rules, regs and issues in leasing a car - is it even possible?
8
votes
1answer
10k views

If you run a sole proprietorship, how do you declare the income of the business on your taxes?

Let's say I have a small sole proprietorship with only a bit of income and expenses. I can do up a balance sheet and an income statement at year end. Is that all I need to submit with my taxes, and ...
7
votes
3answers
39k views

When does Ontario's HST come into effect?

When does the HST become effective? Will all businesses start charging HST right away, and will it replace the 5% GST with a straight 13% tax for all services?
13
votes
3answers
565 views

Pension or Property: Should I invest in more properties, or in a pension?

I do not have a pension but have a rental property (which breaks even). Question is, do I invest in more properties or take out a pension ? I am worried if I go down the pension route I would lose ...
7
votes
1answer
459 views

Are premium bonds a good investment?

As a UK higher rate tax payer, I was tempted to invest in premium bonds because prizes are tax free. However they recently dropped their effective rate, and apart from the slim chance of winning a big ...
9
votes
6answers
4k views

If I have no exemptions or deductions, just a simple paycheck, do I HAVE to file taxes?

My company holds back tax from each of my pay checks. I have no other sources of income. I don't expect I owe anything more on my pay. Do I really need to file an income tax return? I live in ...
10
votes
5answers
969 views

Should I take Social Security earlier than full retirement age, or wait for more?

Should I take Social Security earlier than the full retirement age shown on my statement? I'm concerned they'll change the rules and I'll lose out if I wait. :-/ What is the likelihood the rules ...

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