http://mommysavers.com/boards Personal finance, managing debt, saving and investing en Fri, 20 Nov 2009 22:11:37 GMT vBulletin 60 http://mommysavers.com/boards/images/mommy/misc/rss.jpg http://mommysavers.com/boards http://mommysavers.com/boards/money-matters/139966-saving-university.html Fri, 20 Nov 2009 21:08:46 GMT When my mom died, she left us some money, and we've put it away for ds since before he was born. It has amounted to about 70K right now. It is in a conservative mutual fund that is doing pretty well right now. We have it in our names, but it is earmarked for him.

Ds is 8, which means we have about 10 more years before we need to worry about having the cash. When we bought this house, we took an $20K out of that money my mom left us (so his amounts now would be 90K) to help us with our down payment. Now I wish we never touched it. Dh used to get fabulous bonuses (30K/year) and now they have evaporated. We were going to 'pay back' his account with the now extinct bonus.

I figure I want to save $30 a week x 14 years = $20K to pay his University account back. Ds is definitely going to have to pay some towards University, he will have no knowledge of this $$ until the time comes.

My first question: Is there any advantage of setting up another educational account (529?) I don't want it in his name, and I don't want to be tied down to where he goes to school. I also don't want it earmarked Only for school. What would the advantage be of doing an education fund rather than our mutual fund? We've had it for 10 years as well and it has done consistently well.

#2 Has anyone done anything like a 'student' loan from Mom and Dad? As in, we will lend him a certain amount of $$, as a loan, make it legal that he needs to pay us back, (not the whole University amount), in order for him not to have to take out student loans? I am totally against student loans for him, I don't want him starting off in debt.

I could use some advice, but, I have to say, (nicely) :) that I don't need advice that student loans aren't so bad, etc. or that someone they knew worked 5 jobs in order to pay for University. That is great, but is not what we are planning to do. Thank you if you made it through this long post!! ]]> Money Matters Stormy http://mommysavers.com/boards/money-matters/139966-saving-university.html http://mommysavers.com/boards/money-matters/139928-free-site-teaching-kids-about-money.html Fri, 20 Nov 2009 14:34:37 GMT Planet Orange - Home]]> Anyone try out planet orange yet? It's free and put out my ING. It's really well done. For kids 6 +

Planet Orange - Home ]]> Money Matters KathrynHannah http://mommysavers.com/boards/money-matters/139928-free-site-teaching-kids-about-money.html http://mommysavers.com/boards/money-matters/139623-tax-refund-s.html Tue, 17 Nov 2009 20:43:26 GMT so if anyone's been to the irs.gov site, they have kind of a refund estimator; anyways, according to my #'s we'll be getting aroun $5k back this year. We pay a lot in mortgage interest (almost $5k a yr. since we refinanced in 05). We don't make a lot of money by any means.:Ha Ha: My question is can I take the w/holdings (currently w/hold 0 on my w4 and dh's) and change them so we get a lot smaller refund and bigger paychecks. They w/hold under 1k a yr for dh's fed. inc. tax but could I do that if our mortgage interest is the cause of our big refund? Hope this makes some sense. TIA ]]> Money Matters hschmid http://mommysavers.com/boards/money-matters/139623-tax-refund-s.html http://mommysavers.com/boards/money-matters/139618-if-u-have-any-stray-gold.html Tue, 17 Nov 2009 19:54:24 GMT i went threw my jewelry case last nite, and i found some odds and ends. things broken/ or missing the other. stopped at our local store that is buying gold, and i got $90!!!! for just a bunch of broken junk! i was shocked when she handed me the money. so if u have any stray gold items laying around, extra christmas money!! :Thumb Up: i went threw my jewelry case last nite, and i found some odds and ends. things broken/ or missing the other. stopped at our local store that is buying gold, and i got $90!!!! for just a bunch of broken junk! i was shocked when she handed me the money. so if u have any stray gold items laying around, extra christmas money!! :Thumb Up: ]]> Money Matters jessical http://mommysavers.com/boards/money-matters/139618-if-u-have-any-stray-gold.html http://mommysavers.com/boards/money-matters/139470-how-tell-people-you-cant-afford-christmas.html Mon, 16 Nov 2009 15:52:04 GMT What if you're financially hurting, and don't want to go into debt buying Christmas gifts this year? How do you tell people that they aren't going to get the same type of gift that they did last year because the money just isn't there? Or, do you even have to say anything at all? ]]> Money Matters Kim http://mommysavers.com/boards/money-matters/139470-how-tell-people-you-cant-afford-christmas.html http://mommysavers.com/boards/money-matters/139262-good-news-i-had-share.html Sat, 14 Nov 2009 14:35:19 GMT Hello ladies

Yesterday I got a phone call that I had been impatiently waiting for. Last week we had gone to the bank to switch our mortgage to a local bank. We previously had our mortgage with a bank outside of our province. So at the same time we decided to ask them to consolidate our dept and put it all on our mortgage so that we would only have one payment per month and that would leave us with alot of money left at the end of the month. I know it's not the smartest financial move but well worth the extra time I get to have with my kids. I work 10 hour shifts 4 days per week at the moment, and now I will be able to drop it down to 1-2 per week. I'm soo excited!:cheers: ]]> Money Matters Surgarpie http://mommysavers.com/boards/money-matters/139262-good-news-i-had-share.html http://mommysavers.com/boards/money-matters/139247-budgeting-tips.html Sat, 14 Nov 2009 04:59:15 GMT Does anyone know of a really good but simple (first time) budget that you can print out? I made up this spreadsheet of my bills, and what week they need to be paid, but I always seem to be running short because I don't have my personal or child care products in there.

Any budgets would be wonderfuL!!!! I'm trying to save up for a car and I gotta get my finances on track...

Thanks in advance..
Mikey ]]> Money Matters wildkat9782 http://mommysavers.com/boards/money-matters/139247-budgeting-tips.html http://mommysavers.com/boards/money-matters/139196-how-much-would-you-have-win-inherit-able-retire-today.html Fri, 13 Nov 2009 16:59:16 GMT How much would you have to win or inherit to be able to retire today? This answer would be different for everyone. Depends on where you live, what kind of income would need to be replace, how much debt you have, how old you are. What dollar amount would you need today in order to be completely financially free? How much would you have to win or inherit to be able to retire today?

This answer would be different for everyone. Depends on where you live, what kind of income would need to be replace, how much debt you have, how old you are.

What dollar amount would you need today in order to be completely financially free? ]]> Money Matters KathrynHannah http://mommysavers.com/boards/money-matters/139196-how-much-would-you-have-win-inherit-able-retire-today.html http://mommysavers.com/boards/money-matters/139194-how-much-do-you-have-remaining-your-mortgage.html Fri, 13 Nov 2009 16:55:25 GMT How much do you have remaining on your mortgage? Anonymous poll. How much do you have remaining on your mortgage?

Anonymous poll. ]]> Money Matters KathrynHannah http://mommysavers.com/boards/money-matters/139194-how-much-do-you-have-remaining-your-mortgage.html http://mommysavers.com/boards/money-matters/139193-what-total-interest-you-pay-monthly-everything.html Fri, 13 Nov 2009 16:52:25 GMT Count up all the interest payments on your mortgage, car, credit cards, student loans and anything else. What is the total in interest per month? Anonymous poll for those who want to keep that number private. Count up all the interest payments on your mortgage, car, credit cards, student loans and anything else. What is the total in interest per month?

Anonymous poll for those who want to keep that number private. ]]> Money Matters KathrynHannah http://mommysavers.com/boards/money-matters/139193-what-total-interest-you-pay-monthly-everything.html http://mommysavers.com/boards/money-matters/139093-does-everyone-want-your-money-how-do-you-decide-where-give.html Thu, 12 Nov 2009 16:46:34 GMT Oi vey, at this time of year everyday something comes in the mail asking us to donate. Then people come to the door, then the phone rings, then the church asks. It's overwhelming sometimes. I hate feeling like a scrooge saying no all the time but where do you draw the line and how do you figure out what to give to and what not to give to? ]]> Money Matters KathrynHannah http://mommysavers.com/boards/money-matters/139093-does-everyone-want-your-money-how-do-you-decide-where-give.html http://mommysavers.com/boards/money-matters/139022-financially-speaking-year-better-you.html Thu, 12 Nov 2009 00:30:26 GMT Financially speaking, which year was better for you 2008 or 2009?

This could mean income being higher or lower or savings being higher or lower? (Don't count any hits on your long term savings / retirement money due to market conditions.) ]]> Money Matters KathrynHannah http://mommysavers.com/boards/money-matters/139022-financially-speaking-year-better-you.html http://mommysavers.com/boards/money-matters/138976-what-most-amount-money-youve-ever-won.html Wed, 11 Nov 2009 15:12:27 GMT What the most amount of money you've ever won? ]]> Money Matters KathrynHannah http://mommysavers.com/boards/money-matters/138976-what-most-amount-money-youve-ever-won.html http://mommysavers.com/boards/money-matters/138965-your-current-savings-goal.html Wed, 11 Nov 2009 14:15:48 GMT http://mommysavers.com/boards/forget...ml#post1103315 And how long? I'm thinking, if our income stays where I expect it too. I'm thinking a year.]]> Do you have any that you're will to share? Do you have a plan to achieve your goal? And, lastly, how long, do you think, will it take you to achieve this goal?

Our current goal is six months living expenses put away. When DH was laid off awhile back we went through our savings. We've since started our own business and we're doing OK but, with it being our own business, our income isn't exactly what you would call stable. We really need that savings for the times that the income is down.

I do have a bit of a plan but I think it needs a bit more thinking involved ... needless to say I was very excited this morning when I saw Kim was starting another Forget the Joneses Boot Camp on November 16. Check it out here! http://mommysavers.com/boards/forget...ml#post1103315

And how long? I'm thinking, if our income stays where I expect it too. I'm thinking a year. ]]> Money Matters melsb http://mommysavers.com/boards/money-matters/138965-your-current-savings-goal.html http://mommysavers.com/boards/money-matters/138902-emergency-savings.html Tue, 10 Nov 2009 17:35:34 GMT How many month's worth do you have saved up if you were to lose your job? Do you base this on your current spending or necessities only? Thanks! ]]> Money Matters tryingtosaveadime http://mommysavers.com/boards/money-matters/138902-emergency-savings.html