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How Much Money Should I Have

How much money should I expect to get out of a 2005 Ford Fivehundred w/o a transmission?

I have this guy offering $350 as his final offer, should I sell it to him or try a junkyard/ junk car company? I want to be nice and sell to him bc he really wants it, but I also don’t know if I can get more money out of my car. I mean it only has 129xxx miles and all the other parts are good besides the transmission. Help

How much money should a 16 year old have saved?

Hey guys,

I'm 16 and I have a low paying job but I've been trying to save up recently. I calculated my earnings (between my chores at home and my job) and I make about $4,320/yr which is $360/mo. I'm working more days a week now - before I was probably making around $180/mo which obviously means I wasn't saving as fast as I am now.

I had $3100 saved up this month but in the past week I bought a PS3 and an iPod Touch 5 and spent around $400 (I know, that's a lot but hey, I'm 16!), so now I think I have around $2700 saved.

My question is this: Is $2700 a good amount for a 16 year old to have saved? At the rate I'm saving, I'm hoping to have around 10 to 11 thousand saved by the time I turn 18 - because I still live at home and have absolutely no expenses because my dad takes me to my job - he has to go into town anyway.

Thank you for answering - I was just curious! :)

How much money should a 16 year old have saved?

It's a decent start, but you could probably be doing much better. It is important to have savings when you are young and to continue saving throughout your life in order to take advantage of the MIRACLE of compound interest. It's FREE MONEY and lots of it if you are patient and do not draw on your savings.

Remember this:
When you get paid, I know you have bills but, remember to always, ALWAYS pay YOURSELF FIRST!

What I mean is, when you get paid, the first thing you do is put 10% to 20% of your paycheck into your savings and THEN pay your bills with what is left. You might be short. You almost certainly will be short. But unless you become very rich very young, you are probably going to be short of cash every week for the rest of your life whether you save or not and since it is going to happen anyway, isn't it great that you will at least have some savings put away?

Pay yourself first.

How much money should we expect to get for a wedding of 130 people? Just looking for an estimate thanks?

My daughter got married a few months ago; she and her husband received over $3000 in cash and they had only 60 guests.

THAT SAID... You should expect none. Weddings are not mandatory gift giving events, even though most guest will give a gift because they want to. But you should never "expect" them to. You should NOT be planning on any monetary gifts to go toward paying your debts or planning a honeymoon. Since there's absolutely no way to know if guest will be giving cash, or if they do how much, you're better off not trying to calculate it and just consider it a windfall when it comes.

How much money should you have saved by the age of twenty?

Glad to see you are asking this question at an early age. Keep that thought - fo the next 45 years - how much should I have saved at the age of XX. It will keep you on track for a good retirement.Like a lot of scenarios, it depends on where you are at life at age 20. I can suggest 3 possible scenarios.One. You are in college studying of a 4-year degree. If you have saved $0 that is fine assuming that nay money you have earned from summer jobs or part-time work while in school is being used to fund your schooling and living expenses (along with parental support). If you have effectively no savings, you are investing in your future.Two. You have recently graduated with a 2-year degree and just starting on a career. There is no expectation that you have saved any significant amount. But, now is the time to start saving. Over the next couple of years, seek to save at least 3 - 6 months of living expenses to carry you over in case of job loss.Three. You did not go to college or are not currently going and have been working since age 18. You should have saved ideally at least 3 months of living expenses to carry you over if you lose our job. Chances are you do not have a lot of in-demand skill sets and are working for a low wage. One you meet the 3 month threshold, I would seriously suggest that you look at college, community college or skilled trades certification and put extra money towards tuition to increase your education, skill sets and employability. That is also money in the bank.

How much money should I have in my bank account to buy something on EMI from Flipkart from credit card?

Flipkart has started a new EMI scheme from debit card currently they have processed HDFC and ICICI bank debit card in which you just have to pay first Installment based on the product you are purchasing. For an example if you purchase mobile worth 10,000 and select 10 months EMI it will be 1,000/- excluding interest rate. Then every month you have to pay installment.However if you want to buy from credit card on EMI you should have balance based on the product. If you want to buy product worth 10k then you should have balance of 10k in your credit card. EMI amount will be added in your monthly bill.Amount used from your credit card to purchased will be blocked and every month it will be released after you start paying the instalments.

How much money should I have to show in a bank to study in Canada?

Total money in your bank account = Total cost of studying + food+ staying+$10000. IF you have atleast $10000 more than the total cost, then chances of getting visa increases for sureNOTE: I have a youtube channel where I give lots of useful information for international students studying abroad. Please check out my channel once. It will help you ease the procedure of studying abroad as an international student. Here is the link:https://www.youtube.com/channel/...

How much money should I have saved up by age of 33 years old?

It’s hard to come up with an exact figure, as the number varies from person to person and also should be based on what your financial goals are.Twice your annual salary sounds like a reasonable figure, if you have conventional retirement plans (finish working by 65).If you are motivated to retire early or pursue financial independence (FI), then I would say that this figure is a little bit short of the mark. If you can achieve an (ambitious) average savings rate of 50% over the course of your career and invest it prudently, and assuming that you started working at 25, then you could have about 4 or 5 times your annual salary.At that rate, you’d be financially independent by 40. This is a radically different outcome than retiring at 65.In summation, it really depends upon what your subjective goals are and what you want your ideal future to look like.

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