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When you have money left over after all expenses and you want to apply it to your loan should you send it back to the financial institution or put it into savings and apply it when the loan is due?
Dbailey007
It depends on what your lender will allow you to do. Some will let you return the money, some will not. If they allow it, return it. If they do not, put it in a savings account and let it earn interest.
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∙ 13y ago
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When selecting a financial institution you should look for low yields on savings and high rates on credit accounts true or false?
False
What should you do with the money left over after all monthly expenses are paid?
Put into a savings account.
What is the best retirement savings plan to invest in?
The best retirement savings plan to invest in depends on your financial needs and what works for you. You should meet with a financial advisor and look at the different options available.
What should you consider when choosing a financial institution?
First of always check it is certified or not by the government
Is a savings account worth the trouble?
A savings account should be a vital part of everyones financial planning. It is good to have separate savings and checking accounts to better prepare for your future.
When selecting a financial institution you should look for low yields on savings and high rates on credit accounts true or false?
False
What should you do with money left over after monthly expenses are paid?
Put into a savings account.
What should you do with money left over after all monthly expenses are paid?
Put into a savings account.
What should you do with the money left over after all monthly expenses are paid?
Put into a savings account.
What percentage of your income should you save?
Financial experts typically recommend saving at least 20% of your income. However, the exact percentage can vary depending on individual goals, expenses, and financial situation. It's important to create a savings plan that works best for your own circumstances.
I have 12 grandchildren I want to buy each of them a $50 Savings bond can you assist me in that area?
Getting savings bonds as gifts is easy! Visit savingsbonds.gov and create an account. You can purchase online and can get an electronic savings bond. If you would like an actual paper certificate, visit your bank or financial institution and ask for the special form. Fill it out, and you should receive your bonds shortly.
What is the best retirement savings plan to invest in?
The best retirement savings plan to invest in depends on your financial needs and what works for you. You should meet with a financial advisor and look at the different options available.
What should you consider when choosing a financial institution?
First of always check it is certified or not by the government
Is it ok to have two or more financial accounts at the same financial institution or should you diversify your financial accounts between multiple financial companies?
AnswerThe term "financial institution " means depository institutions such as insurance company, safe deposit company, money-market mutual fund, or similar entity authorized to do business. So, diverse financial institution accounts are recommended as it is safe and according to the rules.
Is a savings account worth the trouble?
A savings account should be a vital part of everyones financial planning. It is good to have separate savings and checking accounts to better prepare for your future.
Benefits of a Budget?
The best way to start saving money is by planning out a budget. Once a budget is drawn following it is important to stick with it. However, everyone endures large unexpected expenses, but with a budget set in place it becomes easier to handle these expenses. Instead of borrowing for large expenses it is always best to budget in at least part of what the expense is going cost. The less a person owes in debt the less they tend to be financially stressed. Paying for large expenses should come out of one's savings. Everyone should have a set amount that is directly deposited into a savings account. To help make sure a savings account does not get touched it is wise to take out a set amount of cash from a checking account each week. This cash should be the only money spent, savings should never be touched. Sticking to a budget has proved beneficial in many marriages. The less financial stress a marriage endures the better chance they have at avoiding a divorce in the future.
Advantages Of Budgeting?
The best way to start saving money is by planning out a budget. Once a budget is drawn following it is important to stick with it. However, everyone endures large unexpected expenses, but with a budget set in place it becomes easier to handle these expenses. Instead of borrowing for large expenses it is always best to budget in at least part of what the expense is going cost. The less a person owes in debt the less they tend to be financially stressed. Paying for large expenses should come out of one's savings. Everyone should have a set amount that is directly deposited into a savings account. To help make sure a savings account does not get touched it is wise to take out a set amount of cash from a checking account each week. This cash should be the only money spent, savings should never be touched. Sticking to a budget has proved beneficial in many marriages. The less financial stress a marriage endures the better chance they have at avoiding a divorce in the future.
