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Posts Tagged ‘good’

How much should I save to have a good backup fund/savings?

22 Apr

My husband and I just had a baby (9 mo’s old) and we’ve been diligently saving ever since he was born just because. For an emergency plan, a buffer, and just b/c we like to combat materialism and waste.

Since last Sept. we’ve saved about 2.5 months worth of take-home pay, and by this Dec. we’ll have saved over 3.5 months of take-home pay. We did this by saving 90-95% of extra paychecks, bonuses, tax refunds, etc. I have it earning interest in an ING acct.

Since we’ve never really saved before, should we strive for a certain % of our take-home pay (or month’s worth), or do you just keep saving with no goal amount in mind?

Your input is appreciated.

 
7 Comments

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What are some good college plans for kids?

05 Mar

My kid just turned 1 and I’d to start a college fund but I’m not sure which one to go with. Which plans do you think is best?

 
3 Comments

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What is a good financial saving plan for my toddler?

31 Jan

Hi,
I have a 19 month old son. I have been thinking about signing up with a plan like “Gerber grow up” plan or something similar to have a good chunk of money cash available for him when he grows up.
What I have in mind is a plan that I contribute monthly to it, then at the age of 18, I have a good chunk of money available for him. I want the money to be available for him to do anything he wants with it. I do not want it to be specifically for college and education, although if he chooses to use the money for his education, he will make me more proud.
Where is the starting point? I really have no clue.
Thank you for your time,
I also think that a savings plan is not the way to go. Putting your money in banks will actually have you loosing money due to inflation and taxes. If I put $50 aside in a long term saving account and the account’s interest rate is even 5% per year, I will hardly have $10,000 in that account which considering the inflation and taxes, probably will be not much to play with 10 years from now, let alone using it for college.

 
5 Comments

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What’s a good 529 plan to invest in California?

24 Sep

We don’t plan on moving out of California and would like our kid (who is 4yrs old) to go to a school in the golden state. What are some good plans to choose from? We plan to put *at least* $200 per month in it.

thanks

 
1 Comment

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How to find good 529 plan comparisons, and what are low fees?

11 Jun
 
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What are good beginner books for an aspiring investment banker/stock trader?

20 May

Ive been wanting to get into this stuff for awhile and have been considering a career in it and since college is coming up I want to get a taste and see if I like it. Im headed to the local library in a few hours and wondered if anybody had suggestions for good books. Im looking for info on all the terminology and how buying and trading works. I want to get the basics down before I learn how to study a company and stuff like that. Thanks

 
4 Comments

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What’s a good first investment to make as a young adult?

18 May

I am a teacher and have college loans and other various bills, but I want to start saving money for my future. I have a 403b and a retirement savings with ING as well. I don’t have a savings account. There are so many different ways to save or invest, and I was wondering if there is something good to start with. Stock? CDs? What is something that I could realistically begin doing now to help myself later?

 
5 Comments

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How would i financially set up a Sonic franchise? Would it be a good investment in Massachusetts ?

22 Apr

My friends and I want to start up a Sonic franchise in Massachusetts when we graduate college in
May. I know it costs about a million to start up and we need ways to to invest into this idea since we’re poor college students we just don’t know the best way to start up this franchise financially

Any suggestions????

 
5 Comments

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What is a good financial investment for me?

18 Apr

I am a college student who has a decent amount of savings (more probably than the average college student), but also have about the national average amount of student loans debt. Should I invest any portion of my savings into anything? Or simply continue to save? Thanks!

 
5 Comments

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