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5
votes
1answer
281 views

How often to call Credit Card Customer Service for Rate Reduction

I've seen 6 months mentioned a lot, but in some of the information I've consumed I've heard that some people call their customer service as often as each month. I'm pretty sure they make notes on how ...
5
votes
4answers
676 views

Is selling items and exporting to Africa a good idea or a potential nightmare?

I'm having a clear out to try to raise some funds to pay off some credit cards. I'm currently selling a PC on eBay, and have been contacted by a few buyers from Africa — from Zambia, to be precise. ...
3
votes
1answer
100 views

Curious about Liverpool FC situation

Ok, I know that this is a place for "personal finance," but I thought I might try asking anyway because of the quick responses I can get from this site. Can anyone explain to me how the board can sell ...
17
votes
10answers
1k views

Who uses safe deposit boxes?

What items would an average person keep in a safe deposit box? Sounds like most of the documents (passports, birth certificates) can be restored.
10
votes
2answers
3k views

Am I liable for ATM skimming? (Bank of America claims $0 fraud liability)

I've been reading that ATM skimming is a fast-growing and lucrative crime and consumers should be very careful. Normally I think the customer is limited to $50 liability if they report in 2 days, and ...
2
votes
5answers
1k views

What's the most conservative split of financial assets for my portfolio in today's market?

Mid 30's, looking for what split I should have between Australian shares, International shares, property, cash, interest, bonds, options, etc. or maybe none of the above. What is considered to be a "...
28
votes
14answers
2k views

Do I even need credit cards?

I'm 24, and so far I've been able to live without credit cards of any kind. My wife calls this "If we can't pay for it right now, we don't need it." Obviously this does not apply to our car and our ...
22
votes
7answers
1k views

Is a Home Warranty worth the money?

I'm a first-time homebuyer, and one of the stipulations of the down payment assistance program I have is that I have to buy a home warranty (which covers appliances, plumbing, roof, etc in case of ...
5
votes
2answers
895 views

Can I open an IRA and add specific stocks to it?

I would really like to save money during the year and then once a year purchase specific stocks to put in an IRA. Is that possible? Are there companies that offer something like this without charging ...
9
votes
4answers
548 views

Remote Deposit a check (By scanning) for non-business users?

Does anybody have a first hand experience with scanning a check and posting it (either by email or a bank web interface) and willing to comment about the experience ? What Banks in the US support "...
20
votes
3answers
2k views

Should I really pay off my entire credit card balance each month or should I maintain some balance?

I've heard two conflicting things: One is that you should pay your entire credit every month, and the other that you should maintain roughly %30, %50 (it varies by who you ask) of your available ...
6
votes
2answers
1k views

Why would a central bank or country not want their currency to appreciate against other currencies?

From Investopedia: Pegged Rates: Pegging occurs when one country directly fixes its exchange rate to a foreign currency so that the country will have somewhat more stability than a normal ...
4
votes
1answer
993 views

Is the penalty for an early withdrawl from an IRA applied to the gross or net amount?

Does anyone know if the 10% early withdrawal penalty on traditional IRA is on the pre-tax or post-tax amount? Let's say I withdraw $5k from my IRA, and I pay 20% (example) in taxes, is the additional ...
5
votes
3answers
3k views

If I go to a seminar held overseas, may I claim my flights on my tax return?

i am an IT contractor and I would like to go to a seminar overseas. I'm paying for this by myself, however, I believe it is related to what I do and could be classed as an educational expense. The ...
9
votes
2answers
1k views

Can I refinance a property in the U.S without U.S. income?

I'm Working for a big international corporation and I'm back from a few years of relocation in the U.S. while I was in the states on a US payroll (I'm not an American citizen) I bought a property (...
5
votes
4answers
150 views

Will prices really be different for cash and cards?

I heard Clark Howard on the radio this morning saying that due to a court settlement stores will be able to charge different rates for different tender types. How soon will this take effect and what ...
5
votes
1answer
1k views

When is it necessary to apply taxes for web freelancing services in Quebec, Canada?

When is it necessary to apply taxes for web freelancing services in Quebec, Canada?
10
votes
4answers
1k views

I'm an American in my mid 20's. Is there something I should be doing to secure myself financially?

This question comes out of complete ignorance of anything that relates to personal finance. I'm a graduate student in mathematics, and I'm on a grant from the university until the end of the year. ...
8
votes
6answers
2k views

Mortgage Escrow Balance - is there a better way?

I notice on a mortgage payment that a portion of every payment goes towards an escrow account (which goes towards homeowner insurance and property taxes). In the meantime, there seems to be a ...
6
votes
2answers
6k views

What does PMI mean?

I've seen the term PMI used a couple of times on this site and don't know what it is. What is it?
7
votes
6answers
20k views

Should I get credit life or credit disability insurance with my auto loan?

Is it worth the extra $10 or so that would be added to a car loan in order to get credit life insurance and credit disability insurance? For a relatively young person looking to get the most out of ...
6
votes
3answers
3k views

If I moved out of my house and rented it out, would I need to refinance into an investment loan?

I'm curious what I would need to do about my mortgage if I moved from my current house to a larger house in five or ten years. Would I need to refinance my residential mortgage into an investment ...
8
votes
8answers
7k views

Best way to buy Japanese yen for travel?

Going to Japan in about a week, and I'm looking for ways to buy Japanese yen. In Australia, it's pretty nuts. If you exchange money from them, they'll charge you 5-6% above the mid rate of the ...
3
votes
1answer
3k views

Is it possible to transfer some money from my visa card to my amazon account to buy with them later?

I have few dollars in my visa card and it will expire soon, Is it possible to transfer these dollars to my amazon account and save them there to be able to buy with them later from amazon?
5
votes
4answers
280 views

What metals are available as bullion/coins?

Everyone is familiar with gold and silver coins and bullion. What other metals are available as bullion or coins, or other tradable form?
5
votes
2answers
211 views

Will anything happen to me if the AMT is not re-established before 2011?

Who will be effected if congress does not renew the limit raise on the AMT by the end of the year? Will this change how much will be owed for 2010, and due in April 2011?
10
votes
7answers
4k views

Is it worth it to reconcile my checking/savings accounts every month?

I used to be very diligent in reconciling my accounts with the monthly statement when it came in the mail. Now that I don't receive paper statements, I rarely even look at the statement or bother ...
11
votes
7answers
12k views

Why do mortgage affordability recommendations use gross income?

Whenever I see someone ask how to calculate how big a mortgage he can afford, the answer almost always comes back as a percentage of gross income. Why use gross income as the baseline? Why not net ...
6
votes
1answer
721 views

Gift Tax Exemptions in the US

I recently married and am planning to buy a house, my parents would like to assist us by giving a gift to put into the house. The limit for this year is 13000, now my question is, is this limit per ...
22
votes
11answers
18k views

How to get rid of spare change

So I have about $50 in pennies, dimes and nickels. What would you do with it? I'm asking because I don't think spending hours rolling up the change and taking it to the bank is the best/most ...
5
votes
3answers
2k views

How does a new employee maintain their existing intellectual property when taking a job with a large company?

The standard employment contracts of many large companies state that any intellectual property (IP) developed by an employee while in employment - even outside of working hours - belongs to the ...
4
votes
2answers
27k views

How long do you have to live somewhere to be a resident for tax purposes?

My company is paying me with large amounts of equity pay. Theoretically*, I could delay realizing some of the gains on this equity and move to a place which, unlike California, does not charge 9.3% on ...
32
votes
5answers
3k views

Pros/Cons of a Health Savings Account (HSA) in the USA?

I am wanting to know the real benefits or pros/cons of a HSA in the USA. I have now been given the option of signing up for one due to healthcare changes. I understand some of the basics, but after ...
5
votes
1answer
1k views

When Working at Home for a Company In a State with Income Taxes, Do I Have to Pay?

My tax situation for tax year 2009 is somewhat complicated. I was a resident of Louisiana all of my life until November 27, 2009, which is when I became a Texas resident. I continued working for the ...
8
votes
4answers
923 views

What is 'consolidating' debt and why do people do it?

I've seen 'debt consolidation' advised for people who have a lot of debt (from different credit cards, etc). What does that involve, exactly, and why is it a good idea? Say I have: $1000 at 5% from ...
3
votes
3answers
316 views

When the Reserve Bank determines the interest rates, do they take the house prices into account?

My knowledge of how interest rates work (please correct me if I'm wrong) is that it is set by the Central Bank of a country. They're supposed to be apolitical and independent and their decision ...
4
votes
2answers
135 views

How important is Fixed vs. Variable rate for credit cards?

I have decided to get a new credit card. However, when looking through the various options for cards, it seems like all of them are variable rate cards. What's the downside to using fixed- vs ...
11
votes
1answer
396 views

How does applying for credit affect your credit score?

How does applying for credit affect your credit score? I was answering a question about getting a loan and realized I don't have detailed information on how applying for credit (even if you do not ...
6
votes
2answers
359 views

Nit picky personal accounting question: What is the right way to record borrowing from yourself?

I keep a spreadsheet with my personal financial statements (balance sheet, income statement, cash flow) that generally follows the corporate approach. I omit considerations of depreciation, etc. There'...
17
votes
6answers
799 views

Which credit card is friendliest to merchants?

I'm not interested in debit cards; I want the security that credit cards provide if a naughty hacker steals my credit card number. Which credit cards do merchants prefer to take? In other words, ...
5
votes
5answers
371 views

What to do when institutions stopped lending you money?

I know the question seems confusing, but this is a real life event. My friend lived beyond his means for a few years, combined with half year of unemployment his Credit Card Debt went to the roof. ...
14
votes
8answers
3k views

Extra payments toward mortgage or student loans?

So I have roughly $5000 in student loans at 5% and about $65000 on my mortgage at 3.875% (5/1ARM). Should I put extra payments towards the student loan or the mortgage? 5% is higher, so if it's ...
11
votes
6answers
2k views

Purchasing an extremely affordable home with 10% down VS renting and saving for 20%

Background: Current Rent: 710/mo or roughly 20% of my 3700 salary take-home pay. Wife is currently in school and will graduate in two years, at which point she will likely be making a teacher's ...
8
votes
5answers
739 views

Is it worth paying off my loan early with only 4 payments left?

I only have 4 payments left on my loan and have recently sold an asset so now have enough cash to pay the remaining balance. Is there any benefit to paying off the loan fully or as I've only got a ...
9
votes
7answers
900 views

Will be debt Free in 3 years — What order should i pay off my cards?

I have budgeted to the point where i can close all credit cards i have in close to three years from now. My question is, should I simply pay 1/3 to each card (will be over minimum payment on all) OR ...
5
votes
1answer
2k views

How would one find foreclosures in Canada, Newfoundland?

I am starting to look for a new home, and am wondering how one would find foreclosure in Newfoundland.
3
votes
3answers
304 views

What actions can I take against a bank for lack of customer service?

I currently have a mortgage with a bank. Two months ago, they had an offer to fix our home loan interest rate for a year. We accepted this offer, we signed a document and they signed it too. In ...
10
votes
4answers
13k views

Tax implications of living rent-free

Suppose Adam owns a house and rents a room to Bill for $300 a month, and pays Bill $300 a month to mow the lawn, clean the rooms and do other maintenance. Assume U.S. law in a no-income-tax state ...
10
votes
2answers
1k views

How can I purchase Skype stock during the IPO?

Skype will be going IPO soon. How can I purchase their IPO stock?
8
votes
4answers
1k views

Is the Yale/Swenson Asset Allocation Too Conservative for a 20 Something?

Is the Yale Portfolio by David Swenson: http://www.etftopics.com/yale-etf-portfolio/ Too conservative for a twenty-something with a mid-sized portfolio (under $100K)? What are some of the pro's and ...

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