friday asked:


Personal finance software helps you balance your checkbook and manange your finances. What is the name of a popular personal finance program?

Finance_Diva asked:


Duties should include coordinating personal schedule, home finances, research, and coordinating other advisors, etc…

Nicole S asked:


So, last Christmas my husband and I were dumb and got credit cards, and maxed them out! We had been paying the minimum payments until one time we had to pay one day late because the bill was due on the 30th, and we dont get paid until the 1st! Anyway, ever since then we have been behind on my credit card because it had a hight limit. So, the min payment is 190! I really want to get it back down under the limit because we are getting screwed. I just do not want to see ourselves getting in bad debt because we want to start a family soon! Anyway, please tell me if this is a good plan.
My husband is in the airforce and I think we should borrow some money from the family readiness center…like 400.00! This is basically money the military gives us and then the will take like 50 dollars a month out of our check until its paid off! Then, I can pay more on my credit cards and nip this in the bud while I can?
What do you think?

KC asked:


Scott, it will not allow me to email you, you can email me for more information if you would like.

But, the easiest way to accelerate a mortgage is to pay twice a month. For example, if you payment is 2000 and month. Pay 1000 on the 1st and 1000 on the second. This will save you a lot of money in interest since it is calculated on a daily basis.

How ever it is important to understand how mortgages work. They all work off the rule of 50/25. So after 50% of the life of your mortgage, you pay off 25% of your principle.
Example :
30 year fixed mortgage for 300,000 at 6%, your payment will be about 1798 a month. After 50% of the life of your mortgage (15 years) you will still owe 75% of your principle. So you will still owe 225k on your house. If you refinance you will be stuck in the same situation.

There are programs out there that can help you with this, but I’m running out of space to explain. You can email me if you would like more info.
Ed,
Absolutely you can do it yourself! Since I can’t reply directly to your question for everyone to see, I will shoot you an email.
Sorry, Ed, still learning this site, Apparently I still have room.

You do not need a 3rd party. All lenders should allow this. I would call to verify just to be safe and if they say no, than I would definitly look into that.

I have seen 1 instance where the lenders wouldn’t allow it, but that was do to the way my clients negative amortization was set up. So what we did, was I had him over pay $500 a month, until it offset his payment where is was acting like it was 2 payments a month, but that gets a little bit more complicated and it all depends on your financial scenario. You should also looking into programs like the S.M.A.R.T. Loans and similar programs. They will save you hundreds of dollars in interest over the long run. If you need more info, just email me. Hope I was helpful.

City-Girl asked:


I am looking for the best personal finance software… which one do you use and why is it the best one of the three?
I really like creating budgets, billing charts and calculating everything [i'm very orginized]

k3nNdR4 asked:


in highschool

Tony D asked:


I own a six-month old single-owner LLC, which I operate out of my house. I want to purchase a car to use for my business. My company is a telecom-consulting business, so the primary use for the car would be to drive to client appointments and to take packages to the local shipping store. I typically don’t do much personal driving during the week after business hours.

I am not sure if I should pay cash for the car, or if I need to finance the car. Which is a better write-off?

My wife has her car, and we use it primarily for family functions. So, how much could I use the company car for my own personal use without the risk of doing something illegal (tax-wise)? My wife would probably never use the car, even though she is technically an employee.

Glen B asked:


We live in a society where we spent 108 dollars to every 100 dollars of income. It’s no ones fault but those who take on debt irresponsibly. Why should I, or my fellow American, and our children’s children have to assume any DEBT you accumulated recklessly? It’s completely ignorant and thanks to the new stimulus package we’ll be paying interest on a revolving debt that will never turn into a surplus.

Personal Finance 101 for all the people who do not live within their means!

mezhenari asked:


I am reading The Wealthy Barber by David Chilton and I like that one a lot. Any other suggestions for good reads on money?

hoosier4iu asked:


I have two issues currently with personal finances…
1) I have around 10k if credit card debt at an interest rate of 7.99%
2) I have a house worth 200k with less than 3% equity in it. The loan was a 5/1 interest only ARM at a 6.658% rate. The ARM is up in September of 2010.

My question is….if you were me, would you work on paying down the credit card as quick as possible and then focus on putting more equity in to the house so that I can refinance in 2010, or would you immediatly begin putting more equity in the home and only make the minimum monthly credit payments for the time being. I don’t believe I am in a position to attach both issues at the same time right now, but I definitely can begin addressing one. My credit score is currently 769.

Thanks in advance!