Finance - Page 2 - Popular Questions, Answers, Tips & Manuals
What is the method of calculating interest rate for fixed deposit?
Fixed deposit calculations can be done by both manual and automatic methods.Now let us figure out the fd calculation in both ways:
1.) Manual Calculation Technique: It is the conventional process to know your Fixed deposit interest calculation. The formula for manual fd calculation is used as below:
Where,A = Final Amount
P = Principal Amount (initial investment)
r = Annual Nominal Interest Rate (as a decimal, not in percentage)
n = Number of times the interest is compounded per year
t = Number of years
2.) Online Calculator Technique: Nowadays online
FD calculator is very amazing technique and it is a very useful online tool that helps you to easily calculate your Fixed deposit return. Online FD calculators uses simple technique in which you need to put your amount, tenure, interest rate and can get accurate results instantly. You can easily calculate and compare the interest receivable by changing the deposit amount.
3/18/2018 4:39:53 PM •
Finance
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248 views • 0 helpful votes
Stay away from 30 year mortgages and repeated refinancing your house
what happens if you refinance your mortgage every 5 years? You will never pay it off. You will end up financing vacations, cars and even dinners (via credit cards) over 30 years. I suspect that your vacation, car or dinner wasn't quite THAT good.
Answer to running up debt - don't. Learn to live within your means. your house value is a great savings account which will serve you well in the future - if you don't keep withdrawing the savings.
So, why do mortgage companies keep telling you to 'use that built up equity'? Because, like any savings account, it is money that they want to move from your account - to theirs. They sell. If you buy. Then they make more money. No - they are not your best friends. They are their own best friends. YOU are just a customer.
Further, what are the most expensive points of home ownership? Buying and selling - because that's when the commissions are paid to realtors, mortgage people, home inspectors, termite inspectors, escrow companies and more. So, while everyone would love to live in their dream house, tone down that dream.
So, save up for the vacation - and spend your OWN money (not borrowed money) on it.
Save up for a modest car - and buy based on price, not monthly payment. Buy the car for the long haul - maintain it and make it work for you. The most expensive dates are when you buy or sell a car.
Use credit cards modestly and pay off the balance each month.
And, even when a financial advisor says - take the equity out of your house and put it into the stock market - Just Say NO. Because it is your home, your roof, your shelter, your family place - not to be risked in the stock market (so the advisor can make more commissions).
A famous money advisor said:
1 - Spend less than you make.
2 - Do it over a long term.
And, you will be fine.
What is up with Freedom Checks more internet BS ?
I wouldn't call it Internet BS.Scamming has been around as long as people have.The internet has just made it easier and cheaper to advertise,for legitimate businesses and scammers.
It doesn't look good,as there is just the one guy promoting it,but I haven't really looked into it.
There are many other legitimate ways to invest in MLP's and the like,so I don't see a reason to risk anything on Freedom Checks.Also,you wouldn't want to put all your eggs in any basket,even if it is legitimate.There are risks with all investments,and diversification helps to minimize those risks.I see many risks and I'm more scared of the ones I don't see
1/5/2018 4:09:12 PM •
Finance
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934 views • 0 helpful votes
What is the branch code for standard bank oranjezicht
Hello, Nelleke -
You will need to contact the Standard Bank in Cape Town, South Africa directly and ask your question.
This is the link to the bank home page:
http://www.standardbank.co.za/standardbank/
If you scroll down that page, in the lower left at the bottom you will see the telephone number for the bank. Call the bank during business hours and ask for the branch code.
Note: Fixya.com is a website intended for asking and answering questions on how to go about REPAIRING _THINGS_.
Best wishes.
2/11/2018 4:11:28 PM •
Finance
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315 views • 0 helpful votes
How much is my current ------------------------pension payment
You are mistakenly providing personal information on a public site designed to ask and answer questions. No volunteer should know anything about your pension or account number.
Please seek assistance from a trusted relative or trusted advisor for this question, as you need help finding who to contact.
2/20/2018 1:25:44 AM •
Finance
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228 views • 0 helpful votes
Where can I register in Sandton for an old age pension
Hello, Bathea -This web page lists the South African Social Security Agency (SASSA) branch office locations:
http://www.sassa.gov.za/index.php/85-contact-usI am answering from the USA and see Sandton is located in Gauteng. You will note the telephone number for the Gauteng branch office. I suggest you call that number to learn if there is any office you can visit which is closer to you.In case you are unsure what sort of documentation you need to bring with you to apply for the Older Persons Grant (the current name of the Old Age Pension), see the information here:
https://www.gov.za/services/social-benefits-retirement-and-old-age/old-age-pensionNote: Fixya.com is not the best website for asking questions about government grants in South Africa. Fixya.com is intended as a website for asking and answering questions on how to go about REPAIRING _THINGS_.My suggestion for the future is for you to ask questions like this of a librarian at your local public library atNelson Mandela SquareWest St & Rivonia StreetSandton, JohannesburgTelephone: 011 282 5911/5917I am a librarian by profession Best wishes.
2/4/2018 2:54:23 PM •
Finance
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314 views • 0 helpful votes
I can't withdraw my pension with my Sassa card for January & February
South Africa has had issues with these cards but assured recipients that there would be no problem after Dec 31st. expired cards. Apparently it is not the case. Be aware there was a scam going on at the same time where thieves posting as Sassa agents offer to replace expired cards with new ones ..Took old cards and stole funds. Check with proper authorities.
2/1/2018 1:24:23 PM •
Finance
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330 views • 0 helpful votes
Widow pinchen
Hello, Bonnie -
I hope I am correct in understanding you are asking about a widow's pension.
Without knowing the country where you reside it is a challenge to provide you with relevant information or direct you to the right source.
Was your husband receiving a company pension prior to his passing away? Or are you asking about financial benefits through a government source (what country?)
You can use the Edit feature of your question to add clarifying information or put the information in the Comment box.
Best wishes.
1/27/2018 5:53:30 PM •
Finance
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274 views • 0 helpful votes
How can i get my w2 form
Hello, Shaukat -
Your employer / employers during 2017 are to provide them to you - either via traditional mail or through the employer's web site.
If you do not have the W2 form/s from 2017, then contact the employer / employers for whom you worked and find out how to go about obtaining your W2 form.
Best wishes.
2/5/2018 7:55:58 PM •
Finance
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179 views • 0 helpful votes
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