Ask the M-Network – Questions from college and on housing

This article is part of the Ask the M-Network series.  Over the past few weeks I received a few more questions, and my M-Nework partners have been kind enough to answer.  Here’s the questions and the answers:
Should I rent rooms or the whole house?
Providing money to college students
College student with a tax refund
Rent or Buy?
Should [...]

Ask the M-Network Inquiries

Over the past few weeks I’ve received a number of Ask the M-Network questions.  Normally I’d post up one of the questions and associated responses, but given the number of questions I’ve received, this edition will contain multiple questions along with their responses from the M-Network:
What happens to my pension if GM goes bankrupt?
What to [...]

Pay off student loan or save?

This article is part of the Ask the M-Network series.  Leah submitted a question and asked:
I’m 28. I have 9% of my income going into a 401k, no credit card debt, a paid-off 9-year-old car, and 5 months expenses in savings (some of that earmarked for the next new-to-me car). I also have a student [...]

What should I have done?

This article is part of the Ask the M-Network series. Molly submitted a question and asked:
I have had 2 temp jobs that said that they were temp to hire, but I had not been hired. During both times, I have had family members pass away, which left me an emotional mess. 2 out of [...]

401k into an annuity or IRA – Ask the M-Network

This article is part of the Ask the M-Network series.  Helen submitted a question and asked:
Should we put our 401K into Flexible Premium Deferred Variable Annuity, Flexible Premium Deferred Variable annuity or an IRA?
Pinyo from Moolanomy responded:
IRA, period. Actually, this is a good question that deserves further explanation. Deferred annuities allow you to invest tax-deferred [...]

What should I do with tax refund? – Ask The M-Network

This article is part of the Ask the M-Network series. Samantha submitted a question and asked:
Hi, we recently finished our taxes and will be getting back a 13K refund (part of it is the first time home buyer’s credit which I realize is more like an interest free loan). We want to know [...]

Paying for Medical Bills – Ask the M-Network

This article is part of the Ask the M-Network series.   Bobbi submitted a question and asked:
I have a medical bill that I want to negotiate down and just pay a lump sum. I do not think they did the testing they billed me for and the billing clerk said they did it because they have [...]

Fleased a car – Ask the M-Network

This article is part of the Ask the M-Network series.   Jason submitted a question and asked:
So, I fleased a car about 3 years ago, before I realized what a bad idea it was (I was 22), and my intent was to purchase the car at the end of the flease. I knew I was going [...]

Which is better: Cash backs reward or points?

This article is part of the Ask the M-Network series.   Gina submitted a question and asked:
Which is better: a credit card with cash back rewards or a credit card with rewards you cash in (e.g. get gift card for reward points)?
A co-worker asked me this question today. I found an MSN article that breaks it [...]

Buying a leased car – Ask the M-Network

I know, not a late model Impala, but couldn’t resist an opportunity to post a classic car picture!
This article is part of the Ask the M-Network series.   June submitted a question and asked:
My car lease is up in Oct 09 – I want to buy the car, but what am I entitled
too..like, warranty, etc. [...]

Should I do a balance transfer?

This article is part of the Ask the M-Network series.   Christina sent in a question and asked:
My husband and I are currently working on paying down our debt, and should have it paid off this year. All of our debt was consolidated onto one credit card over a year ago. The interest rate on the [...]

Should I rent a home?

This article is part of the Ask the M-Network series.   Sheila asks:
We’re selling our house and moving to a new city. With the real estate market in such a downturn, would it be wiser to rent for awhile until either the market gets better or we can decided upon a house we know we’ll want [...]

Ask The M-Network – Electricity vs. Propane

Photo by: Tom Adams
Using the new Ask the M-Network feature,  a reader submitted a question asking about whether it was cheaper to use propane or electric appliances.  The question was from Lynnea (no, not Lynnae from from Being Frugal), and she wrote:
We just made a move to the country…whew what a rude awakening when we [...]


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