Cheap Monthly Car Insurance

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Your Questions About Cheap Monthly Car Insurance With No Down Payment

October 8, 2012

Ruth asks…

My disability income is less than my mortgage, and I can’t pay my bills. Help!?

I am a 51 year old man who has been on a disability income from the Government since the 1980s. I have had multiple spinal surgeries for an injury during my twenties, and have been left with metal pins permanently supporting my spinal column and severe spinal pain.
I was also diagnosed in the 1980s with HCV (Hepatitis C, a chronic disease of the liver). I live with this disease, and am much better of than many who suffer from it, but I am on a treatment plan that requires the constant monitor of my health and function by a liver specialist.

I have a mortgage payment every month, along with electric, gas and water bills. I am not frivolous– I have the cheapest cricket phone plan, no land line, and no cable.

Here is my problem:
My monthly disability income does not even fully pay my monthly mortgage payment.

I am in collection over old co-payments I was unable to pay to doctor’s offices, and for credit cards from years ago.

I have a car, which I need in order to get myself to and from my multiple doctor’s appointments each month, and no money to put gas in its tank. I have applied for food stamps, and was warded $14 dollars a month. I do not in any way mean to have an ungrateful attitude– but $14 dollars is simply not enough to live on.

For my adult life, I have been a working artist, which is a career that has certainly earned its ups and downs, and isn’t appreciably stable in nature. I have still managed to make ends (barely) meet, and to put that extra $100 dollars into my mortgage payment, pay the house insurance, the bills, and to live frugally.

As I get older, I am finding this lifestyle more difficult to uphold. No one is buying art at this time, with the current economy. And I am unable to work as I used to. There are days when i am all but unable to get out of bed because of the weakness, fever, and pain that is a part of HCV and chronic cirrhosis.

I have Government medical insurance, but I still must pay a co-pay to my doctor every two weeks, and even this $25 dollar sum I am consistently unable to pay.

For the past couple of months, my daughter and ex-wife have been helping me to supplement my bill payments. There’s no way that can continue, however. My daughter is worried about job stability, and has begun to slide into “the red” with her financial situation. She can’t help me at the expense of her own debts and bills.
My ex wife simply cannot and will not persist in helping to alleviate these debts.

All I want is to survive, at this point, and in any way possible, to keep my home. It is all I have.

If my mortgage payment exceeds the totality of my actual income every month, is there any way to adjust this without losing my home?

If I were even physically able to get work, all of my medical insurance would be cut off, and I can’t survive without medical insurance.

Any help would be very, very greatly appreciated.

Thank you.

Administrator answers:

I also think that the best way would be for you to try to sell your art online, preferably at e-bay. It is easy for you to create an account there, so it might be orth a shot, since you can sell your art to other people in countries that aren’t hit so bad by the economy.

I am sorry since I can’t help you much as I don’t really understand the funds and how they work over there. But I would just like to warn you. There are lots of scam in the Internet. When we become desparate for money, those scams migh look interesting for us. So please, be very careful when you are going online to look for a way out. Good luck to you.

Donna asks…

Help with Economic Question pt.2?

1. Lisa is a single working mother with one child. The following is a breakdown of her expenses for this month:

rent $800
electricity $50
natural gas $25
home phone $25
satellite TV $100
car payment (daily use) $200
motorcycle payment (recreational use) $200
cell phone: (including overages) $100
credit card payments $200
child care (so she can work) $400
baby-sitting (so she can go clubbing or biking on weekends) $200
groceries $300
restaurants $200
clubbing (cover charges, drinks, etc.) $150

Assuming these are Lisa’s only expenditures, calculate her total expenses for the month. (1 point)
$2950
$2000
$950
$1200
2. Assuming these are Lisa’s only expenditures, calculate her discretionary expenditures for the month. (1 point)
$1750
$750
$1200
$950
3. Assuming these are Lisa’s only expenditures, calculate her monthly fixed expenses. (1 point)
$1800
$2950
$2000
$2100
4. Which of the following may be a discretionary expense that is not included on Lisa’s list? (1 point)
gasoline (to and from work)
gasoline (weekend motorcycle trips)
comprehensive car insurance
medical insurance
5. The following is a breakdown of Lisa’s income for the month:

gross salary $2500
net salary $2000
possible bonus from work $500
child support $800

What is Lisa’s current monthly income? (1 point)
$2500
$2000
$2800
$3300
6. Based on Lisa’s monthly income and the expense report given above, we can say that Lisa is living (1 point)
within her means
in the red
in poverty
with a surplus
7. Which of the following is a realistic strategy that would help Lisa to balance her budget? (1 point)
Pay the minimum balance on her credit cards instead of the monthly interest.
Negotiate a lower rent payment with her landlord.
Switch from satellite TV to basic cable (which is cheaper), or local television via antenna (which is free).
Buy fewer groceries and eat out more instead.
8. Based on her current spending habits and income, which of the following is true of Lisa’s financial situation? (1 point)
in an average month, she has only about $200 to put into savings
in an average month, she has only about $50 to put into savings
in an average month, she has no money to put into savings, and is going deeper into debt each month
in an average month, she has no money to put into savings, but she at least breaks even
9. Lisa is considering replacing her living room set with a new one. The furniture store is offering a zero down, zero interest financing plan. Which of the following is likely true? (1 point)
if she makes the purchase, this would be considered “discretionary spending”
if she makes the purchase, she will not have to make a down payment or pay interest as long as she makes all of her payments on time
if she makes the purchase but fails to make even a single payment on time, the furniture store will likely require her to pay interest for the entire length of the loan
all of the above
10. “Living within your means” means: (1 point)
spending only as much money as you earn every month
having a comfortable amount of savings left over after fixed expenses and discretionary income
planning fixed and discretionary income based on your current income plus potential income, such as a bonus or inheritance, that you expect to receive soon
all of the above

Administrator answers:

The time it took you to type all this stuff up would be plenty if you used your brain to think about coming up with the solution.

Honestly, all the info is given for you to do simple adding & subtracting.

Michael asks…

What do you think of these, and why. Please try to explain the answer to me.?

1. Lisa is a single working mother with one child. The following is a breakdown of her expenses for this month:

rent $800
electricity $50
natural gas $25
home phone $25
satellite TV $100
car payment (daily use) $200
motorcycle payment (recreational use) $200
cell phone: (including overages) $100
credit card payments $200
child care (so she can work) $400
baby-sitting (so she can go clubbing or biking on weekends) $200
groceries $300
restaurants $200
clubbing (cover charges, drinks, etc.) $150

Assuming these are Lisa’s only expenditures, calculate her total expenses for the month. (1 point)
$2950
$2000
$950
$1200
2. Assuming these are Lisa’s only expenditures, calculate her discretionary expenditures for the month. (1 point)
$1750
$750
$1200
$950
3. Assuming these are Lisa’s only expenditures, calculate her monthly fixed expenses. (1 point)
$1800
$2950
$2000
$2100
4. Which of the following may be a discretionary expense that is not included on Lisa’s list? (1 point)
gasoline (to and from work)
gasoline (weekend motorcycle trips)
comprehensive car insurance
medical insurance
5. The following is a breakdown of Lisa’s income for the month:

gross salary $2500
net salary $2000
possible bonus from work $500
child support $800

What is Lisa’s current monthly income? (1 point)
$2500
$2000
$2800
$3300
6. Based on Lisa’s monthly income and the expense report given above, we can say that Lisa is living (1 point)
within her means
in the red
in poverty
with a surplus
7. Which of the following is a realistic strategy that would help Lisa to balance her budget? (1 point)
Pay the minimum balance on her credit cards instead of the monthly interest.
Negotiate a lower rent payment with her landlord.
Switch from satellite TV to basic cable (which is cheaper), or local television via antenna (which is free).
Buy fewer groceries and eat out more instead.
8. Based on her current spending habits and income, which of the following is true of Lisa’s financial situation? (1 point)
in an average month, she has only about $200 to put into savings
in an average month, she has only about $50 to put into savings
in an average month, she has no money to put into savings, and is going deeper into debt each month
in an average month, she has no money to put into savings, but she at least breaks even
9. Lisa is considering replacing her living room set with a new one. The furniture store is offering a zero down, zero interest financing plan. Which of the following is likely true? (1 point)
if she makes the purchase, this would be considered “discretionary spending”
if she makes the purchase, she will not have to make a down payment or pay interest as long as she makes all of her payments on time
if she makes the purchase but fails to make even a single payment on time, the furniture store will likely require her to pay interest for the entire length of the loan
all of the above
10. “Living within your means” means: (1 point)
spending only as much money as you earn every month
having a comfortable amount of savings left over after fixed expenses and discretionary income
planning fixed and discretionary income based on your current income plus potential income, such as a bonus or inheritance, that you expect to receive soon
all of the above

Administrator answers:

1. Lisa is a single working mother with one child. The following is a breakdown of her expenses for this month:

Assuming these are Lisa’s only expenditures, calculate her total expenses for the month. (1 point)
$2950
(everything she spends)

2. Assuming these are Lisa’s only expenditures, calculate her discretionary expenditures for the month. (1 point)

$950
dbaby-sitting (so she can go clubbing or biking on weekends)
dcell phone: (including overages)
dclubbing (cover charges, drinks, etc.)
dmotorcycle payment (recreational use)
drestaurants
dsatellite TV

3. Assuming these are Lisa’s only expenditures, calculate her monthly fixed expenses. (1 point)
$1800
fcar payment (daily use)
fchild care (so she can work)
frent
fmotorcycle payment (recreational use)
fhome phone
fsatellite TV
felectricity
fnatural gas

4. Which of the following may be a discretionary expense that is not included on Lisa’s list? (1 point)

gasoline (weekend motorcycle trips)
This transportation is not work- or child-related. She doesn’t have to do it.

5. The following is a breakdown of Lisa’s income for the month:

gross salary $2500
net salary $2000
possible bonus from work $500
child support $800

What is Lisa’s current monthly income? (1 point)

$2800
You cannot count on the bonus. Net is what she takes home and can spend. Add the child support to that.

6. Based on Lisa’s monthly income and the expense report given above, we can say that Lisa is living (1 point)
in the red

$2800 < $2950

7. Which of the following is a realistic strategy that would help Lisa to balance her budget? (1 point)

Switch from satellite TV to basic cable (which is cheaper), or local television via antenna (which is free).

This will save $100 per month.

8. Based on her current spending habits and income, which of the following is true of Lisa’s financial situation? (1 point)

in an average month, she has no money to put into savings, and is going deeper into debt each month

9. Lisa is considering replacing her living room set with a new one. The furniture store is offering a zero down, zero interest financing plan. Which of the following is likely true? (1 point)
all of the above

10. “Living within your means” means: (1 point)

* spending only as much money as you earn every month
* having a comfortable amount of savings left over after fixed expenses and discretionary income

I'm not sure which is true according to definitions given in your class. Your means are what you earn. Certainly the first is true. The second is possibly true.

Mandy asks…

how to convince my parents sportbike (again)?

Hey guys so the title says it all. Im 19, and I live at home with my parents. I work for my dad until my college starts again (early february). 3 months ago I brought up that I want a sportbike and after 1 month of extensive arguing and convincing it finally worked and we came to the conclusion that I would have to pay for everything. (payments, insurance, helmet…etc) Then 1 month later they changed their mind and said no, its too dangerous we don’t want to bury our son. It was very upsetting because they crushed my dreams. (I was working extra hard to earn the money to save up) Now february is coming, and they would like to buy me a car. But the thing is, I still cannot get over the bike. I just can’t let go of it becuase they crushed my dreams. I told them sure id get a car, (my fav car is an Infiniti IPL G coupe) But deep down I want a sportbike. Its cheaper and saves gas. Because when I get the car I would be paying for something let’s say insurance or the monthly payments. Anyways, what can I do? Ive tried the “mature talk” with them and it hasn’t worked. I work for my dad btw, but in the workplace he treats me like he does to any other employee. I see him as my boss. But at home he’s my dad. What do you recommend me doing? Any advice?

Administrator answers:

Alex had a great answer. That’s the way to do it…

However, I question the 3% of accidents are caused by an operator error figure. That’s simply not right. Might sound good when talking to the parents (although not sure how that makes bikes seem safer), but it’s totally erroneous.

To say that a bike crashed because of excessive speed probably sounds better than saying the bike crashed because the spode riding it just couldn’t handle a bike going that fast…

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