Full Money Market

Archive for December, 2009

In the present scenario of doling out goodies for public on account of general elections, is it not desirable to have stress test on our Banking System like we had in US to avert such crisis if any.

That’s not a question.

i tried to withdraw somw money from the atm in nais but its empty.so i went to the front counter of allied trust bank and i could not withdraw money from them bcoz i dont have an account from them .so what is the point of having a bank inside naia if they could not cater for a tourist like me.i have a legittimate papers to show them but could not help us.with the latest tech available for them surely they could cerify my account from overseas.i guessed they are useless afterall

I am ashamed to admit that I agree. The banks at the NAIA Terminal 1 is and continues to be useless.

I also have to agree that the airport is down. We have the new NAIA Terminal 3 but because of a legal battle the big, mall-like airport with first-class amenities is not yet open, 3 years now. It makes me shrink to think about this!

In other countries, bank counters at the airports exchange major currencies 24/7. They have running 100% ATM machines with various links, Visa, MasterCard, Cirrus and others.

WHy don’t you write, why dont we write the NAIA administration to wake them up. If they want the Philippines to be a tourist destination, tourists and Filipinos alike must feel welcomed and be impressed the moment they set foot in the country. And what a great way to impress them by showing them, our airports are not far from major international airports in the world.

NAIA, wake up!

I mean do you have an idea to share what to do with all these sub-prime impacts on US banking system?

If everybody stopped paying their mortgage and rent then the banks would all go bust and not be in a position to repossess, therefore everybody would have a lot more disposable income to start the circulation of money again. Most if not all credit debt would disappear and we could all laugh at the banking institutions who have ripped us all off for years. The only problem with this solution is people dont stick together

Terrorist scumbag scorecard:

http://www.angelfire.com/ultra/terroristscorecard/index.html

Details:Ali Saleh Kahlah al-Marri:

http://en.wikipedia.org/wiki/Ali_Saleh_Kahlah_al-Marri

What are the charges?
* Al Marri was to hack into the US banking system, and "to wipe out balances and otherwise wreak havoc with banking records in order to damage the U.S. economy."
* Investigator had found information about Hydrogen Cyanide on Al Marri’s laptop… "The highly technical information found on al-Marri’s laptop computer far exceeds the interests of a merely curious individual."

Please give us a break.

All terrorists are the result of the real terrorist’s propaganda. The real terrorist being GEORGE W. BUSH!

ok so i have to do a program at my college about budgeting money.. and i don’t really know how i should do it… please help.. thanks any thing will help..!!!

As a game u could play Mono-Poly

So why and how a person can management his/her money with a debit card? why is a security way to save money?

A debit card is a safe and convenient way to manage your money. I would certainly be careful of how you use it because you can easily find yourself in a situation where you are spending money you don’t have.

Assuming you are using it in a prudent manner, you can use software like Quicken and Microsoft Money to download transaction history from your bank. In doing this you can establish monthly spending profiles and budgets that can help you manage your money better than if you used just cash.

Furthermore, many debit cards now carry rewards. Through simply using this card you can earn cash back, travel, gas, and other rewards. A word of caution, there are often annual fees for the debit card rewards programs, although most of the fees are nominal (i.e. $25.00 per year).

Hope this helps.

Where does that line exist between spending frugally and spending cheaply? Give some examples if you can.

The difference is a matter of opinion, and that opinion is coming from someone who feels they are somehow above the other person and wants to talk down to them. Notice how a person is called "cheap" if they, say, don’t want to buy food for everyone (oddly, the other people who refuse to chip in money don’t think of themselves as cheap), or a bitter spouse who refuses to make money for him/herself and insults the things the money-making spouse brings home.

Some people brought up the difference between buying a quality item over a crappier-but-cheaper item as the difference between frugal and cheap, and I’d disagree…it’s the difference between knowing when to spend a little more to get a lot more…basically, it’s the difference between being ignorant to what you’re buying and educating yourself for what you’re buying. Whenever I’m going to make a large purchase (computer, car, TV), I do research so I’m armed with facts before I leave to buy it. That’s because I want to educate myself.
Why? Because I’m cheap and don’t want to have to buy the damn thing again because this sh*ttier version broke down.

But really, "frugal" and "cheap" are a nice and mean way to say the same thing, respectively. It’s the same thing as referring to someone as a "loud-mouthed jerk" and "a person who likes to speak their mind." They’re doing it on progress reports now for kids…they can’t say anything "mean" so teachers need to word it differently. If your kid won’t shut the hell up, he’s described as "social." If your kid can’t do the assignment and just keeps screwing it up, she’s described as "creative." If your kid hits other kids, he’s "expressing himself."

If I show you a picture I drew that totally sucks and you want to be nice about it, you’ll say it’s "interesting."

If you have a mother-in-law that you simply cannot stand, you’ll say she’s "unique."

If you have an ugly sister, you’ll say she’s "beautiful in an unconventional way."

That’s all it is. Being frugal is the same as being cheap, but for some reason you’re some kind of unholy douche bag if you’re "cheap" and just financially smart for being "frugal." Seriously, if you saved 20% on the purchase, I don’t care if you’re "cheap" or "frugal," you just freakin’ saved money.

Has anyone used a Debt Management Plan to pay off credit cards? I was told that all of the credit card companies might not accept the proposal that is sent to them, such as the interest rates and payments that MMI proposes to them. Do you have to be "caught up" with all of your creditors? What was your experience? Thank You.

CCCS can be a good program. They will require you to stop using all credit and to cut up your cards. Your credit report will be updated to "enrolled in debt management." This does not damage your credit, but it may make it difficult to obtain new credit while you are enrolled in their program….so don’t use this service if you anticipate applying for a new apartment, car loan or mortgage anytime soon, as you would might be denied while you’re enrolled in the CCCS debt management program…

While an accredited credit counseling program like CCCS can be good you need to be aware that these programs are funded by the credit card industry and this can create an obvious conflict of interest in the advise they give you. I advise against using CCCS if you are drastically past due or have already complete defaulted on most of your credit cards….If this is the case then you are better off negotiating settlements directly with your creditors. You may be able to settle in the 25% – 50% range if your cards are already defaulted. If you settle, get all terms in writing. They will probably want a large lump sum rather than small payments over several years. CCCS will not negotiate settlements because they are funded by the credit card industry.

CCCS counselors will often tell people to not file for bankruptcy when they really should. If your debt is overwhelming relative to your income/assets…and you’ve exhausted all other possibilities and the reduced payments negotiated by CCCS simply will not work, then you should think about filing for Chapter 7 bankruptcy.

As far as I know, almost all major credit card companies do participate in CCCS debt management programs. Again, CCCS is a program that was created by the credit card companies.

Can ya’ll please help me? Is Morgan Drexen and/or Money Management International legit companies? Do they really help you with your debt or are they just a scam?? I’m getting mixed reviews searching Google. Thanks for any help.

I signed up for Money Management International about six months ago. They do save a lot of money but I would not recommend them. I just found out my credit score has dropped tremendously because they have made 12 late payments. Also, forget about getting a house anytime soon. Credit Counseling is Chapter 13 bankruptcy which means you will not be approved for anything for two years after your debt is paid off. I would say if you don’t plan on buying anything big within the next several years it would pay off. For me, I regret signing up for it. Let me know if you have any more questions.

It means someone exports something to another country. Also means that it is a straight up trade and no fancy agreements on anything else.