Localfund.com - All about Fund and Investment
*Home>>>Investment Account

What is the Best Way to Save After Bankruptcy?


I've been discharged from Bankruptcy for over 6 mths now. But now since I have no credit card, I want to save for a trip with my family. I signed up for RRSPs, however, withdrawing from there will cost a tax fee for withdrawing early. So bottom line is it better to just save in a regular savings account, or what other types of investments should I be looking into? I do not have a line of credit or credit card, but why should I let that stop me from planning my dream trip right? I've been paying everything cash for as long as I can remember, because of my personal bankruptcy. But I am prepared to start off the right foot...please help, any advise would do. Thank you in advance.

Yes a savings account would be a good way to go.

my bankruptcy was finessed 11/15/07. i have already start new credit. with a credit union. i put a c/d of 700 for 6 months in got a loan of 700. 1% is all it costs my payments are 120.00 a month. they also gave me a credit card.

Tags
  Investment Company   Investment Calculator   Investment Bank   Investment Advice   Investment Account   Invest Money   Invest in Gold   Invest Fund   Income Fund
Related information
  • Accounting Journal?

    (d) July 15, 20XX鈥擳ransferred temporarily restricted funds in the amount of $3,000 from investments to pay for additional arts and crafts supplies. Dr Cash $3,000 Cr Investments $3,000 If you...

  • What exactly is a CD (not the music disk, I mean the kind from the bank)?

    It's short for 'Certificate of Deposit'. The banks offer you a slightly higher rate of interest because -- unlike savings accounts -- you lock your money up for a fixed amount of ti...

  • I'm 23 yrs old. How quick could I become a millionaire?

    for investments, Real Estate!!! Hands down. Otherwise open your own business. What type of business are you interested in profiting from?

    ...
  • Find The Balance after 5 years...........?

    250 * 4.5% = 11.25 + 250 = 261.25 After 1 Year 261.25 * 4.5% = 11.76 + 261.25 = 273.01 Balance After second year. That should be enough info to figure out eveerything else. but after 5 ...

  • How does Merrill Lynch keep getting customers?

    Good question. 1) Merrill Lynch is a powerful marketing machine. They appeal to people's egos by making them feel important and holding their hand. 2) The appeal to the brokers is "...

  • Income tax audits?

    Audits are typically three-year lookback period. In the case no return was filed a year, then IRS can go back to that year.

    ...
  • 401 K Withdraw Question?

    They should have withheld 20% but your tax and penalty will be more than that. You will be taxed at your marginal rate plus a 10% penalty and if you have state income tax you may have that and a pe...

  • How do mutual funds/stocks earn compound interest?

    If the stock doesn't pay dividends then it doesn't really compound, but what it does do is appreciate(grow in value). If it pays dividends and you reinvest the dividends that where compo...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster