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1500 questions
32
votes
4 answers
Why do most banks in Canada charge monthly fee?
I am not sure about other countries, but here in the UK we mostly don't need to pay a monthly fee. But I was a bit surprised to learn that most Canadian banks do charge monthly fees that some of them advertise a free first year as a special…
Rafid
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32
votes
6 answers
Is it legal to mortgage a property twice or more?
I was talking to one loan agent lately about getting an investment loan, she was trying to convince me to mortgage my house but my house has been mortgaged already.
She was saying "let us not worry about it, we can mortgage it to a different…
Yu Zhang
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32
votes
2 answers
Why does my car loan interest go up despite making payments on-time?
In my first payment on 06-17-2016, the principal applied to my balance was $186.76 and the interest was $107.50. As I kept making the payment on-time, the second payment on 07-25-2016 was a bit of a shock to me as the principle went down to $93.97…
Tenzin
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32
votes
5 answers
Why are cars so expensive on Craigslist?
I was helping a friend to buy a cheap car in good condition in California (less than 100k miles for less than $8000) and we looked into Craigslist for cars, since we thought that Craigslist was cheaper than most other options. Auction wasn't a good…
Gabriel Diego
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32
votes
3 answers
How do I estimate the value of a small cabin rental business I want to buy?
My husband and I are retired. We are looking for a small business we can run until we are gone. We have found a rustic campground with 5 cabins and more space to build additional cabins. It has waterfront, woods, trails, boat ramp, and a home. The…
Fiona Moon Blossom
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32
votes
11 answers
Should I charge my children interest when they borrow money?
My children (both male, ages 25, soon to be married, & 32, married) have borrowed money from me and my wife on several occasions. They have yet to pay us back what they borrowed. We have never charged them interest on the money they borrow.
I'm…
Michael Riley - AKA Gunny
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32
votes
7 answers
Why is the fractional-reserve banking not a Ponzi scheme?
Operating a Ponzi scheme is a crime which I suppose has some sort of definition in the penal code or criminal law. It is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent…
sibidiba
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32
votes
5 answers
Dry cleaners lost $160 pants, what should I do?
My local dry cleaner lost a pair of pants that go with my suit. It's only $160 but I feel like they should compensate me for the loss. So far, they have completely refused. Some of the possible actions I've considered taking are as follows:
I've…
GeoJohn
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32
votes
13 answers
I'm only spending roughly half of what I earn; should I spend more?
around 6 months ago I started this job. Around 3 months ago while reading this very website I downloaded a budgeting software and started writing down everything I earned and spent, and I noticed I'm spending roughly only half of what I earn.
This…
anon
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32
votes
2 answers
Why does Yahoo Finance and Google Finance not match historical prices?
Was working on a different question to ask on here, and realized I might be completely wrong when I realized the historical data on Yahoo and Google are completely different. Therefore I have no idea which is true.
And to confirm I understood…
Ender
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32
votes
3 answers
Declare Bankruptcy or Just Wait Seven Years?
We've got one family member who is the classic definition of "ne'er–do–well". I don't think he is capable of understanding money, issues or contracts. When you talk to him he seems to have good intentions but things rarely work out. He owes lots and…
zipzit
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32
votes
2 answers
Difference between GOOGL and GOOG
Why are there two ticker symbols for Google — GOOGL and GOOG?
They seem to be mostly identical, but their market values are different: currently, 551.64 for GOOGL and 548.79 for GOOG.
Nozdrum
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32
votes
5 answers
What happens to my credit history if I pay before my credit card bill is generated?
I've read that keeping one's credit card utilization below 20% improves your credit score.
If for some reason I have an expense that is greater than 50% of the credit limit and I pay by credit card, and then transfer the money to the credit card…
Vaishak Suresh
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32
votes
6 answers
Why do consultants or contractors make more money than employees?
Why do consultants or contractors make more money than employees?
user454
32
votes
4 answers
Are there any risks from using mint.com?
Having more accounts and more passwords probably increases the chances that someone could hack into at least one account.
But even if someone did hack into my Mint account, would there be any reason to worry?
What about other risks with mint.com?…
InquilineKea
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