Just curious how other households work. I have a rough estimate of our budget in my head. I’ve tried several times to create an Excel Spreadsheet and do it in the computer. It works for a month or 2, but then hubs stops giving me receipts or I get side tracked. I try to keep track of the things we buy. We only write about 4 checks a month. We put all purchases on the credit card (we get 4 % cash back) then pay it off every month. So we write a check for the credit card, house payment, and car insurance (only ever 6 months).

How do you do your budget? On the computer, on paper, in your head? Do you pay cash/write checks/put it on the credit card for your every day purchases?

You don’t have to go into too much detail. Here’s our budget:
Mortgage: 00.00
Gas: $ 90.00
Cable/internet/Phone 0.00
Groceries/shopping 0.00 (includes food,diapers, cleaning stuff)
Food (out to eat) $ 40.00
Clothing $ 15.00
Prescriptions/doctor $ 10.00
Church(Donation) 0.00
Misc. $ 50.00

Well this is just out of curiousity, I’m only 16 so I can’t even get an apartment. Lol. People on here are pretty mean for no reason actually, so don’t grill me for nothing.

Well my mom doesn’t even use a credit card, I’m not sure if she even has one, but she has credit. She uses a visa debit card, but she said it wasn’t a credit card. I always thought it was a credit card. We live in a house, but I always thought you had to get credit through a CREDIT card, ya know? So if you were getting an apartment, you could use your debit card? Blah, she doesn’t really want to sit down and teach me about financing and everything, the kind of info. I’m going to need to know in about two years. Lol. I’m going to ask her to get me a check card because she said I could when I got a job, which I just did about a week ago.

My mother is a pastor for the Methodist church. She became a pastor for a few reasons: She was bored of being a stay at home while I went to Jr. High, she loves God and wanted some of her own money to spend because my father had majorly messed up, by not paying taxes, or Mortgage bills for years. This all came down on us at once, and mother got a credit card. NOW 10 years later, my mother and father are still paying off biils, and father gets money automatically taken out of his pay check. He ran his car into the ground because he could not afford to fix it (Audi tt) and my bf and I are left to deal w. it (by choice) to get it our of the driveway. Father doesn’t have the money for a new car, although he could def. save up for it np if he didn’t give mother so much money every month! I JUST found out the other day that my father has no idea about how much money my mother gives to the church…6k a year! And she has to pay to work at church as well! this is what she gives MINIMUM!!
I’ve been trying to get them to fix up their home so they could sell it (They could make up to 400k profit easily in this area) so they can pay their bills, and retire, but mother keeps saying she doesn’t have the money to. Father keeps asking mother why she needs so much every month since she has a job now, and he pays all the bills food etc. What do you think? What would you do? Mother told me on accident, and it’s not my place to tell ppl. that stuff, but at the same time my father has been doing so much better with the bills, and he doesn’t like church so she’s taking from him to give to church! 6k to church a year at LEAST!
To top it all off my father just lost his job, and he doesn’t know about her giving away so much! Should I tell him? I know she won’t!

Here’s our situation: My bf’s salary is around 26k to 28k(pesos) per month.Mine is around 13k to 15k.We bought a condo 2 months ago.We’re still paying for it with a monthly dues of 11,600(pesos) every 15th of the month until 2012.By that time we can apply for a loan for the remaining balance which is around 400 to 500k.He’s giving around 3k to 4k for the electricity expense of their family.His father, and mother are both working.While his 2 brothers are studying(1 is in a public college; the other is graduating in a private elementary school).We are planning to get married this year but postponed it for next year.We had been together for almost 7 years now.Up until now, we still don’t have the budget for the simple church wedding that we wanted.I gave him an idea about moving out of their house and rent a small room for himself(or maybe for both of us). I told him I’ll help him in many things including buying and cooking his food.I don’t really know if this can help him save some money. He can learn how to budget everything.Right now I’m paying my mother 3,400(pesos) per month(2 months more to go) for the gift I gave for my sister since I don’t have my own credit card.After that I’ll be paying my sister for the 10k we own her.We already paid her 1.5k.What can we both do?We both wanted a civil wedding so that we can get over the planning and budget, etc.But my mother wanted the church wedding to push through.Help!

1) pay home insurance
2) pay some on my personal finance loan
3) pay some on my credit card
4) use some for vacation and wedding
5) donate some to a church
6) save for bills

I can’t complete all of these with 00 but it will help out
I just wanted some advice…that is why I asked here.

What happens if someone is independent, has no wife or kids, but has several thousands of dollars in credit card/student loan debt. Because he was young he had no will, he committed suicide. I’m not sure if his parents co-signed his loan for school. If they did do they have to pay considering he never finished school (payments are deferred until after graduation) and if they didn’t does the lender lose the money?

Also not sure if he declared himself independent or if his parents claimed him as a dependent because they were helping pay for college.

If his parents claimed him, and he declared himself independent, then who’s fault is that?

Everyone blames me for his death, although i disagree, I do feel guilty. Im trying to figure out whether or not his parents assumed his debt, because if they did, i’d like to help them out with it They are really nice people, and are both retired. It was bad enough that the lost nearly ALL of their retirement in the recession, they defaulted on their mortgage (which was their 2nd mortgage to help pay for his undergraduate degree), and his dad is too old to go back to work (commercial pilot). It’s bad enough they just lost their only child, and are in severe financial trouble themselves, they don’t need the extra debt.

Can any lawyers out there give me a legal summary and can any other person (you know…with a soul (sorry lawyers)) give any advice on the moral side of things? Thanks!

What is the advantage, if any, of using a business line of credit over a credit card, when both have the same rate of 9.95%?

I have a business credit line with a cash advance limit of 00. I need to make a cash or check payment of 00 using the credit line monies and paying by credit card is not an option. I have no idea how to do this. I am in a real jam and could really use some help. If anyone knows how to get around this or has any alternate payment methods, I would love to hear them. Thank you all for your help!

I have a start-up business. I haven’t sold or bought anything, due to the fact I don’t have any start-up funds. I have never used a credit card so I have no clue what my credit score is or even if i have one. I need a line of credit of at least 0,000. I don’t have anything to use as collateral except stock in my company. Where can I get a line of credit that my business would qualify for? And yes I do have a business plan.
My business plan has down a Line of Credit as the source of start-up funds and/or investors i.e. selling shares of the company. But regardless I need at least 0,000 to start it up.
I live in Idaho. Hopefully that covers enough informationwithout me having to make to many "Add details" hehe.

I was living on off campus housing in an apartment complex using school loans and now i have to move further away. When i moved into this apartment building which was off campus, the school handled the finances for the apartment, its basically an apartment for only college students. Now i am moving into a normal apartment building and am not sure how i can use school loans for this, do u get an account number or like a credit card with your school loan account to do this?? thanks

Asset-liability management is the term where the maturity of an asset is similar to the time that the liability expires. Which of the following is not good asset-liability matching? (Points: 4)
A. Brand new quality car financed by a 5-year loan.
B.Retirement fund for a 35-year old containing commercial real estate.
C.Loan from a commercial bank to a corporate account for working capital funded by the bank's retail checking accounts (consumer's deposits in checking accounts).
D. re-financing a credit card, exclusively used for grocery purchases in the amount of ,431.49, by taking out a second mortgage on the consumer's home.
E. used car purchase financed by a 3-year car loan.

Need a loan with not so go credit so I can buy a dulpex..
Well I owe 5,000 between doctor bills and a credit card plus 12,000 and some on a tax lien that my ex-husband di not pay so thats in my credit report..