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Post by coosa on Oct 29, 2007 9:13:44 GMT -4
bb, i am going to the bank in a few minutes, I will be home the rest of the day and the $25 thing is yours. Please stop by.
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Post by bb on Oct 29, 2007 9:20:16 GMT -4
Thanks, Coosa! I have to go to Andrews in a bit, so I will stop on the way!
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Post by coosa on Oct 29, 2007 9:34:35 GMT -4
bb, I f I am not home, I will leave the coupon on the front porch.
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Post by bb on Oct 29, 2007 9:44:38 GMT -4
K, coosa! thanks
Tulip, I know what you mean... I have a bunch I have to file. I have a small file box I use for my coupons. It's a pain to drag around, but it sure saves me some money!
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Post by coosa on Oct 29, 2007 10:28:24 GMT -4
Got to see bb and her cute little bug
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Post by coosa on Oct 29, 2007 11:31:49 GMT -4
If you call cashing a paycheck "fun", then yes, I did. I have been a bookkeeper all of my life and I enjoy working with money and numbers.
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Post by queenbee on Oct 29, 2007 13:32:28 GMT -4
I met a friend for lunch and she gave me some money and bought my lunch for me.
How frugal is that??
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Post by coosa on Oct 29, 2007 17:36:38 GMT -4
Can't get much beter than that, bee. I bought deodrant at the dollar store. They have my brand and it is much cheaper there, plus it had a coupon for 50 cents off!
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Post by bb on Oct 30, 2007 6:52:09 GMT -4
I opened that ING savings account and will be getting over 4% interest, plus the $25! yippeee! Thanks Coosa!
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Post by queenbee on Oct 30, 2007 9:46:49 GMT -4
My son got a big, yellow, crayol crayon bank when he was 5 years old, he is now 22.
All of my change goes into it and when we get ready for vacation I pour it out, separate it and take it to the bank fo rthem ot count and deposit.
Now, this ING thing are you required to keep so much money in it? Do you have to keep it a certain amount? Can you withdraw it like a savings account, with no penalties?
We need a Wednesday night Coosa Finance School so we can learn this stuff.
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Post by bb on Oct 30, 2007 10:21:14 GMT -4
QB, ING does not require a minimum, you can withdraw up to 6 times a "cycle" (month.) The first deposit when you open up the account, your money is not available for 10 days. After the first 10 days; any other deposit is not available until 5 days later. You have to have a regular checking account because you use that to make your deposits/withdrawals from the ING account.
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Post by coosa on Oct 30, 2007 10:23:08 GMT -4
They are usually held at Mike's or Cobb's Mill. With the ING account, you can open it with $1. It pays 4.5% interest. It is like a regular savings account, you can make deposits or withdrawals whenever you want.
However, you MUST have a checking account locally. That is how you acess your money.
Tulip, you need to get a big bank of even a jar to put all your change in.
I put in everything except pennies.
Once a month, I take it to the bank and they count it for me for free.
Then the money goes into my money market account that is now paying me 4.75%
Bee, the most important thing you and your husband need to do is open roth IRA's in a good mutual fund. I reccommend Vanguard Index 500 mutual fund. Call for a prospectus. They invest in over 500 index stocks and have returned an average of about 10% over the past 30 years. Some years it is more and some years it is less.
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Post by coosa on Oct 30, 2007 10:25:19 GMT -4
opps, didn't realized that bb had explained. She is right, you can only withdraw 6 times a month. However, the idea of a savings account is to make deposits, not withdrawals, right?
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Post by bb on Oct 30, 2007 10:27:57 GMT -4
That's right, Coosa! The accounts I have set up for saving/earning interest seldom have withdrawals!
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Post by coosa on Oct 30, 2007 10:30:18 GMT -4
I know! I have not made one single withdrawal from my savings this year. I might have to, to pay off the repairs that I charged on my credit card while in Florida 2 weeks ago. However, I am working on it and might be able to come up with the $2000 without making a withdrawal.
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