I also
put lump sum amounts in too if there's something interesting to buy.
Not exact matches
If you
put more money into this «
lump sum»
amount, you should record that as a debit to wherever the money...
As for
putting in a
lump sum or small
amounts over time I think it depends on your circumstances.
Whereas with a traditional mortgage like the one you have CC, it still allows you the flexibility to
put down an annual 20 %
lump sum, increase your
amount annually by 25 % and also I believe you can double up your payments every month too.
For example, they may be able to
put you on a new tuition payment plan, which could ease the burden of paying a
lump sum, though it won't reduce the
amount you owe.
However, if an individual on Medicaid were to receive a
lump sum of $ 6,500 from his / her reverse mortgage loan and spend only $ 4,000 of it in the month in which it was received,
putting the remaining
amount ($ 2,500) in the bank, then he / she would no longer be eligible to receive Medicaid because after 30 days the $ 2,500 would become an asset and exceed the eligibility requirements.
By devoting a fixed
lump sum amount or selecting monthly or annual payments, you'll not only
put your college savings goals within reach; you can lock in the price of future Tuition now.
This gets us to an imperative point — that simply leaves behind a considerable
amount as a death benefit is not enough, your family and dependents should also have knowledge about how to
put that
lump sum to best and effective use, failing which, they might face financial problems.