i answered scenario 2 saving for college. i will need to have Financial aid, and a bank near by to have my money saved into. I would use cost-benefit analysis because what ever i buy, there's a benefit to it, I wont spend money and feel like it was a waist
i would need to see how much was the car,how much i would need to save up for each month.how much money i used on the car that would effect my other expenses in the future.
the financial information that you need to know before saving for a new car is
* the total price of the car you have pick
* how much gas your car will use up
* how much money you will have to spend on gas every week
* the total cost of car insurance
* what step will you take to save up for your new car?
after putting all this things together you will have to see the cost-benefit of buying a new car. i believe that you should get out a bigger benefit then a cost because if you have to spend alot of money then whats the point of getting a car that's not gonna benefit you in any way.i also believe that you should also compare the price of your to any other cars you like to see which one is better for your budget
In order to save for a car, you need to first know the price. So that you can save for it. Then you will have to asses how long it will take to save, efficiency of the car, and prices of other offers. Then finally you'll have to make sure you can keep up with the payments and maintenance.
The scenario I chose was saving for college. I made the cost comparison based on the total cost for living on campus and the total cost for living off campus. At UCLA living on campus is $33,199 a year while living at an off campus apartment is $29,455 a year. Tuition, Health insurance, books, and supplies are the same amount for both options. The only difference is room & board, transportation and personal expenses. Room and board on campus is about $4,000 more than an off campus apartment. The benefit of that is that classes will not be far from the dorm, and food will be provided. Also, there will not be much transportation needed. Living off campus is a lot cheaper but more money will be needed for transportation and living expenses like food. The benefit of living on campus is that everything is within one's surroundings while off campus most of the stuff will not be on one's surroundings. In order to live on campus I will need to pay about 4,000 out of my pocket.
The scenario I chose was saving for a new car. I researched gas efficient cars because I know gas prices seem to always go higher and I do not want spend too much money on that. I looked up cars like the prius, ford focus and toyota corolla. I would love an electric car but the good ones are too expensive. I am currently working and would need to save $400 a month for the next year to have around 5 thousand dollars. I believe with that I will have enough for a down payment so that may payments can be around $250 a month which is definitely affordable. On top of that insurance will be an additional $150 or so a month which will be the same $400 a month I would be accustomed to saving. If it gets to expensive then I will settle for a used car - like three or four years old..
What a fantabulous post this has been. Never seen this kind of useful post. I am grateful to you and expect more number of posts like these. Thank you very much.
You make so many great points here that I read your article a couple of times. Your views are in accordance with my own for the most part. This is great content for your readers.
Visiting your site is a very knowledgeable practice, it broadens my vocabulary. Thanks for this.
As a VERIFIED NGE Member, you can use the voucher to fund your Perfect Money, EgoPay and PexPay accounts automatically.
Trading in binary options is deemed an attractive investment in the financial circles and as a result, it has been growing in demand. Many of the investors have not been trading directly but have been relying on the services of option brokers. Brokers play an important role in representing investors during the trading.
Every person has to be financially prepared to live a decent life in the present and in the future. Personal finance helps a person make a wise in planning on how to spend his or her income considering the important aspects of one's life.
Financial Planning is essentially a six-step process. Just follow these six steps and you can be on your way to achieving a comfortable retirement and financial independence.
Cloud mining is the process of buying CPU power from dedicated data centers who use their own equipment to mine cryptocurrencies such as Bitcoin (BTC) on your behalf.
This is the first in a series of articles intended for those who already think they know what Bitcoin is, but haven't yet traded in it. I was there - I thought I comprehended it, too, but having since dipped my toe in the pond, I've discovered an unexpectedly enlightening experience. There are so many nuances involved in the trading of Bitcoin as to make it tremendously educational. It forced me to consider a lot of the built-in features which go unscrutinized and even unrecognized in traditional currencies. In so doing, it made me assign my own values to those features, and allowed me to decide the most preferable ways of satisfying my various needs - choices which are normally taken from us.
I am speaking of a Financial Advisor not an Investment Advisor, there are less then 5% of the world's population that should be seeking the services of an Investment Advisor. The investment markets are not a place for most of us to turn to make money; they are a place for us to preserve the capital that we have left and grow that capital at reasonable rates of return.
Financing a small business can be most time consuming activity for a business owner. It can be the most important part of growing a business, but one must be careful not to allow it to consume the business. Finance is the relationship between cash, risk and value. Manage each well and you will have healthy finance mix for your business.
Whether you're just starting up a business, or you''re an established firm in need of quick access to cash or assets, your bank's asset and sales finance solutions is sure to be able to help you get on track
Hard money lender has a crucial role to play in real estate market. They provide enough capital to the investors and give them ample monetary source to make money in. Money lenders have made it quite easy to access capital for the investors.
Escrow is a service that provides a means of security in the handling of important property, funds, and documents.
A good part of the success or the failure of a business has to do directly with how much profit the organization realizes from the sale of the products or services that the company provides to its customers. In order to maximize a company's profitability, it is very important to have a good and complete financial management system to handle the important aspects of money management. One of the keys to a good business financial management structure is controlling the daily, weekly, monthly and yearly expenses of the operation.
What is 'Bitcoin Mining'. Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released. Anyone with access to the internet and suitable hardware can participate in mining.
If you cannot handle your debt any more, if it has exceeded more than your limits, than it may be time to look into a debt settlement program. Such services are available which can help people when they are in financial difficulty by lowering the interest rate and outstanding balance.