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Carlos would like to start saving for his son’s college expenses. Which type of savings account should Carlos open? IDA money market 529 plan basic savings account
Weegy: he Best 529 College-Savings Plans Source: (More)
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Asked 4/8/2013 12:43:54 PM
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An account that earns a higher rate of interest when you make large deposits is _____. an IDA a basic savings account a money market a savings account at a credit union
Weegy: A money market account is an account that earns a higher rate of interest when you carry a larger balance, resulting from large deposits. (More)
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Asked 4/8/2013 12:45:13 PM
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Holly deposited $7,000 in a CD and will get charged penalties if she makes withdrawals within five years. However, she will need this money to pay for college tuition next year. What saving and investing principle should Holly have followed? Understand your risk tolerance. Diversify. Keep investments simple. Consider how long you plan to keep your money in the investment.
Weegy: Liquidity or it could be Liquid assets. Liquid assets are those things you own that can easily be sold or turned into cash without losing value. [ These include checking accounts, money market accounts, savings accounts and cash. ] (More)
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Asked 4/8/2013 12:46:41 PM
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Name at least three consequences for excessive debt.
Weegy: Below are some common examples of the effects of having too much debt. Credit score About 1/3 of your credit score is based on how much debt you have. [ Having open accounts does not necessarily mean you will have a low credit score, making you a higher risk. However, owing money on several account will result in a lower credit score. Ability to obtain credit As mentioned, having too much debt will hurt your credit score. Lower credit scores mean that you will have a difficult time getting approved for certain types of loans and credit cards. Get more info on the effects of credit card debt on mortgages. Self-esteem Being in debt can have a big effect on how you feel about yourself. Having low self-esteem can snowball into many different issues, i.e. appearance, cleanliness, etc.. Illness Being in debt causes stress. Too much stress can make you physically ill. Sleep Stress will also result in difficulties in sleeping.Relationships Having high debt can result in money fights with your spouse. Couples usually have different views as to what is important/necessary and what is not when money is tight. Unfortunately, money issues is one of the top reasons for divorce. Getting divorced will not eliminate the problems though. It is crucial that you pay close attention to the status of all of your accounts, individual and joint when going through divorce ] (More)
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Asked 4/9/2013 1:50:13 PM
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Grace makes $2,200 per month. She spends $300 on credit card payments, $120 per month for a furniture purchase, and $450 on an auto loan. Does she have excessive debt? yes no
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Updated 4/23/2013 6:39:21 AM
1 Answer/Comment
No, she doe not have excessive debt. $1,330 will be the amount she would have left.
Added 4/23/2013 6:39:21 AM
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