MrChrister
  • Member for 12 years, 2 months
  • Last seen more than a month ago
What's the difference between TaxAct and TurboTax?
1 votes

I typed my information into both last year, and while they were not exactly the same, they were within $10 of each other. For my simple 2009 taxes they were not different in any meaningful way.

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Will paying off a loan early hurt my credit?
1 votes

Nope. If there is no prepayment penalty go for it. Find another credit source to use (like a credit card you pay off every month) if you want to get a long history. Saving money on interest is more ...

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Expected rate for unsecured consolidation loan + where to apply?
1 votes

I agree that it would be shocking for you to get an unsecured loan to cover the full amount. If you could I would suspect the rate is pretty high. If you are serious about ending your debt, I would ...

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Can a credit card minimum payment be less than the interest?
1 votes

The new little "if you pay box" tells me that if I pay the minimum, I will pay it off in 3 years as opposed to paying a bit more and paying it off in 9 months. Therefore, in the US I think paying the ...

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When should I open a "Line of credit" at my bank?
1 votes

I have a line of credit that I have attached to my checking account in case of an overdraft. Since I haven't over drafted my checking account in 4 years, I typically borrow the minimum $5 from the ...

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For a mortgage down-payment, what percentage is sensible?
1 votes

Well hindsight tells us now that by and large, doing 100% borrowing was not the best policy we could have taken. It gets nitpicky, but in the US the traditional 20% is the answer I presently feel ...

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

No. Why would you pay to insure the lender's loan to you. If they want insurance to make sure they get their money back, I think they should buy it on their own. Especially if you die; no way ...

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What questions to ask a prospective employer when receiving a job offer?
1 votes

If there is a retirement / pension or other type of investment plan. What kind of plan is it? How is money added to the plan? When are you eligible for the plan? What types of matching, if any, ...

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Finding a good small business CPA?
1 votes

Ask for at least 10 references. Ask for 10 because it will be harder for them to refer you to ringer references like their family or friends.

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Should I have accepted the offer to double my credit?
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Probably the most important thing is that it doesn't hurt you to not take the offer. Especially if you don't want it.

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What do you do when a family member won't pay you back?
1 votes

Pretend it was a gift all along, be happy that you could help out your family when they needed it and remember your lesson for the future.

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Monthly pre-authorized payments/purchases: Use a bank account, or credit card? When/why?
1 votes

Credit Cards when I can. The reason if there is fraud or disputed charges (like I very much disagree with the cell phone charge) a debit card is already gone and I have to get the money back, versus ...

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Is there a legal deadline for when your bank/brokerage has to send your tax forms to you?
Accepted answer
1 votes

I got notice from Charles Schwab that the forms weren't being mailed out until the middle of February because, for some reason, the forms were likely to change and rather than mail them out twice, ...

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Hearing much about Dave Ramsey. Which of his works is best in describing his "philosophy" about money?
1 votes

My beef with day (and to ape Yishai's answer a little) is that his good advice is no different than anybody's good advice. The seven steps are on the home page, Clark Howard, Suze Orman and probably ...

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How important is disability insurance, e.g. long-term, LTD? Employer offers none
1 votes

(My wife works for an insurance broker in the US, so take that grain of salt with my answer) Disability insurance covers your income should you be unable to work. Some disability will be paid before ...

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Can I use funds in my 403(b) retirement plan for a first-time home purchase?
1 votes

I don't know about the technicalities of retirement accounts, but I would advise you to please please please do not use retirement money to buy a home. The reason for not ever wanting to spend your ...

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Should I "hedge" my IRA portfolio with a life cycle / target date mutual fund?
1 votes

I choose lifecycle funds because I am placing faith (perhaps foolishly) that a full time fund manager knows better what to pick than I. The same reason I go with mutual funds in general apply to to ...

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How can I save on banking charges?
1 votes

Budget and plan ahead. Always pay your bills on time and plan so you don't over draft. If something goes wrong, a sweet tone of voice and an office visit has earned me sympathy and reduced overdraft ...

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What is the best way to determine the value (balance of reliability and cost) of an insurance company?
0 votes

Consumer Reports will rate insurance companies on quality of service. I think AM Best and Consumer Reports (for the United States) are a good combination of whether or not a company should earn your ...

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Book or web site resources for an absolute beginner to learn about stocks and investing?
0 votes

Los Angeles Times Investing 101 http://www.latimes.com/business/la-moneylib,0,3098409.htmlstory Clark Howard's Investing Guide http://www.clarkhoward.com/news/clark-howard/personal-finance-credit/...

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Will getting a second credit card help my credit rating?
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Besides your credit score, there are other smart reasons to have a second line of credit. (Your credit score doesn't affect you the majority of your life, but when it does whoooooo boy does it.) ...

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What does it mean when my Money Market account lists both a dividend share and an APY?
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The dividend is what represents your ownership in the CU. The APY is a calculated figure that will help you compare apples to apples the return of the investment from many vendors and many types. (I ...

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What banks or credit unions local to Texas are most convenient?
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Alliant Credit union is in the midwest, but you can easily join from anywhere. They have has lots of ATM affiliates you can use. A good non-credit union answer is Charles Schwab Deposit online for ...

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Why are typical 401(k) plan fund choices so awful?
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To piggy back mbhunter's answer, the broker is going to find a way to make the amount of money they want, and either the employee or the company will foot that bill. But additionally, most small ...

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Should we prepay our private student loans, given our particular profile?
0 votes

Just for another opinion, radio host Clark Howard would suggest killing the private student loans as quickly as possible. The only reason is the industry around private student loans has fewer rules ...

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Are investment companies safe for investing a large sum of money?
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All of our paper ways are safe; if they go away this society has much bigger problems than what your retirement account is worth. I more or less understand the idea of being backed by the full faith ...

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Is it worth it to reconcile my checking/savings accounts every month?
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Sounds like you are reconciling more than once a month. I like to say I glance at all my statements, but these days I just look at the final balance and call it good. If a transaction shows up by ...

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Should I apply for more credit cards in order to improve my credit score?
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If you only have lines of credit, you won't have a very healthy mix for your credit score. I don't know if that hurts you per se, but it is better to have different types. Car loans, home loans, ...

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Should I pay off my credit card online immediately or wait for the bill?
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It probably doesn't matter since your credit and your checking are at the same institution, but I don't like to let my credit auto draft my checking. I always do it the other way around (and keep ...

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Is it more cost effective to wash a car at home or take it to a car wash?
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I have never used it, but there are products called "waterless car wash" which seems to be some chemicals and wax. http://www.freedomwaterlesscarwash.com/index.html This would use less water and ...

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