Why can’t I just file 10 exemptions, put more money into savings and pay up at the end of the year?

trichards888 asked: Is there any disadvantage to claiming 10 exemptions, sticking the money into a money market or savings account, and paying the IRS at the end of the tax year? I am a single with no kids, so 10 is probably excessively high, but I don’t see any disadvantage to doing what I [...]

December 3, 2009 • Tags: , • Posted in: United States • 6 Comments

will money in my savings account show up on my paypal acoount right away?

asdf asked: Like if i put my savings money will it show the ballance of how much i have on in in my paypal? and will i be able to use it right away?Morgan

October 20, 2009 • Tags: , • Posted in: Personal Finance • 6 Comments

Calculating Interest Earned on a Money Market Savings?

aquafish77 asked: I’m hoping someone may have some feedback on the following. I’m considering opening up a money market savings account with a deposit of $10,000 (ten thousand) that offers a .85% annual percentage yield. What would be the interest earned monthly? Please advise what formula I would use. Thanks so much.Josiah

I’ve got some cash that is just sitting in a savings account? What should I do with it?

t r asked: I am not a big risk taker, and this is not a lot of money, but I want to start saving for retirement, kids, etc.
What are my best options? CD’s, money market accounts, mutual funds?
I shouldn’t need the money for several years, any suggestions will be appreciated.Stock Watch

Money? Savings?

muqtada al-sadr asked: 1) Which amount would you personally consider to be a good savings?
2) About how much is the average savings account these days?
3) How much money do you wanna give me?Rosemarie

March 28, 2009 • Tags: , • Posted in: Credit • 2 Comments

Going to apply for a mortgage, should I put my down payment cash in a savings account?

tigres_13 asked: I have x amount of dollars for the down payment for my first home in cash. If I were to put that into a savings account and then apply for a mortgage, would that look better on me? I was thinking it was a way to prove that I really did have the [...]

What is one of the best money market checking/savings accounts with the highest interest yield?

dancergalny asked: I currently bank of Bank of America. I am disappointed in their low interest rates and am thinking of switching to a brokerage or mutual fund firm that handles checking and savings accounts as well as retirement funds. Can anyone recommend one that yields a decent rate of return with low fees? I’m [...]