I've been asked a question recently that I wasn't able to answer-
The situation is a woman with debt.
She would like to start a plan for savings in case her husband finds himself out of work- like many are these days. We aren't talking about enough money to really pay debt off, just a safety net to make sure that staples could be purchased, a months rent- you get the idea.
If she puts it into a regular savings account, she fears that those she owes will be able to place leans on it- ie take it away.
She wonders if there are other ways to stash it away so it couldn't be touched, such as a CD or something. A place where she can get it relatively fast, but debtors can't get.
Any financial consultants out there?
My apologies for anyone that doesn't agree, but even those in debt have to make sure they'll be able to eat and have a place to sleep
Any kind suggestions welcome!
The state she resides in is CO.
Asked by Anonymous at 6:19 PM on Jun. 9, 2009 in Money & Work
Answer by vabchmommy at 6:27 PM on Jun. 9, 2009
Answer by rose549 at 6:41 PM on Jun. 9, 2009
Answer by Anonymous at 6:44 PM on Jun. 9, 2009
Answer by Anonymous at 9:02 PM on Jun. 9, 2009
Answer by princezzmommie at 8:14 PM on Jun. 10, 2009