Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [balance]

36 questions
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9 answers

Negative balance on Credit Card

Some mates and I have the amount to cover the cost of an item but have a credit limit lower then the price. The purchase has a hard requirement that the payment method is a credit card. So, my mates and I put a negative balance on the card (I.E: The…
x7309wh
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If something is coming into my account will it be debit or credit in my account?

I have made a small balance sheet on google docs for my monthly expenses and income. If something comes into my account, would that be a credit or a debit in my account? If I got 500 from somewhere, would that 500 be written under debit column or…
Hafiz
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Are there any consequences to having a negative balance on a credit card?

I have two credit cards, a VISA and a MasterCard. I primarily use my MasterCard and only use my VISA when MC isn't accepted. I went about 18 months without using my VISA (I didn't use it at all in 2010. I don't know if there are consequences to that…
Brandon
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Why is the remaining credit positive?

Maybe it is wrong equation: -7.1 + 1.63 = -5.47 #instead of +5.47 Why does the seller say -7.1 + 1.63 = 5.47?
showkey
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Clear (agreed) overdraft or start emergency fund first?

From what I have read, the general consensus is that it is best to set up an emergency fund first and foremost before beginning the process of clearing debt, regardless of how illogical that approach might seem at first glance. It is often…
SnookerFan
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Should I pay credit card balance to ZERO, or just the balance due?

I have a credit card set to pay the balance due in full on the due date automatically, so I don't pay interest. By the time the due date hits, my actual balance is of course, almost double the statement balance. Does having a large balance affect my…
SomeGuy
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Understanding summary of brokerage account value, cash balance, buying power?

I am totally new to stock and their trading. I have questions when I was trying to understand an account at a brokerage company: Account 12345678(Margin) Net Liq Value $23,416.36 Buying Power - Stock $27,064.61 Buying Power - Option …
Tim
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Calculate interest on mortgage

I have been trying to arrive at the same interest figures that my bank charged me on my mortgage, however I am off by a few dollars so I must not be using the correct formula. I have a 30 year principle + interest loan, on a fixed interest rate for…
mulllhausen
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Saving vs. Living Life

Saving is good. Everyone knows this. However, it is important to not get so caught up in cash hoarding that you forget to live life. Our savings goal is $1m in revenue/interest bearing assets, excluding the house we actually live in, by the time…
acpilot
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Money owed to credit cards called "positive balances" or "negative balances"?

Q1) If my Visa credit card has a zero balance and then I charge something on the Visa, do I now have a "positive balance" or a "negative balance"? Q2) Same question for a utility account like a power bill. What is my balance called when I owe…
CChriss
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3 loans under my name, 2 are fixed, one is a declining balance interest loan. Which to pay first?

I've searched for this answer for a while, but my loans are set up in a different way and I'd love some advice. (FYI I don't live in the USA) Loan 1: Personal loan. It was $200,000 with a 4.95% Fixed Interest Loan 2: Student loan. It was $80,000…
Steph M
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How far can a credit card balance go into the negative?

Hypothetically, if kept overpaying a credit card such that the negative balance kept increasing to absurd amounts, what would happen? For example, say I have a credit card with a line of $500. When making a payment, I accidentally include an…
user3898238
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Paying Credit Card statement amount in full on due date and using it in the same day

I have this question. I paid my Credit Card statement amount yesterday in full (which I always do), on due date. Its an online transfer. Immediately after an hour (before the transaction is even processed), I used the Credit Card for other…
Kint Kant
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Are ongoing credit card charges added to the revolving balance and interest calculations immediately following a carried balance

Say I have a credit card, and I carry a balance of $200 from my statement at the end of the month of June. Are all transactions from the month of July immediately added to the revolving balance and included in the daily-balance (or…
Sanchewy
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If I link my PayPal account to bank account does my bank know the balance of PayPal account or transactions?

I know how to transfer and setup of bank account to PayPal. My concern is if my bank is connected to PayPal, and how will bank know the transactions and PayPal balance?
Masood65 Metlo
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