"Make thy gold multiply." ~George S. Clason, Richest Man In Babylon, No. 3 of the Seven Cures for the Lean Purse
I added $1000 of the $1300 truck accident money...
(see back story: http://luxliving.savingadvice.com/2009/01/04/she-did-a-costl...)
...to my Grrls Just Wanna Have E-Funds account. It had been sitting in my checkbook earning zip, so moving it to there at least temporarily. I have some other household plans for it, but meanwhile it should be working and earning some interest. The $300 went else-where.
Slave on Money, Slave On!!
GRRLS JUST WANNA HAVE E-FUNDS
$0386.50 1/20/09 balance
- 5.00 contribution to the Playing For Change Foundation 1/21
+0000.06 interest income 1/31
+0010.00 Feb Savings Allocation 2/1
+1000.00 Truck accident - temp. parking 2/18
See 1/22/09 blog post for more about this worthwhile organization.
For the best explanation of wanting your money out slaving & earning children $'s & grandchildren $$'s & great-grandchildren $$$'s for you, take the time to read George Clason's "The Richest Man in Babylon".
This particular account is not the most aggressive that I have for interest bearing but is the only one I have that has a checking feature built in and I want these particular dollars quickly accessible.
I started this account in April of 2008 as an experiment on Fidelity's Smart-Cash balancing feature (so I'd be familiar with it when we begin withdrawals in our retirement accounts) and this $5 check to this foundation was the first time I've written a check. So far it hasn't cleared and I'm uncertain now if the $1000 deposit hasn't defaulted my rebalancing setpoints that I originally set.
I think I set them relatively low (maybe $250??) as I don't keep a lot of cash in my other local checking account and didn't want the auto-leveling feature of an expenditure to take my local checking to the point of an overdraft.
Adding to the $20 Challenge:
$000.75 Feb balance
+002.25 wallet cleanout
$003.00 Feb MTD
2009 Challenge Total $24.15
Cumulative Challenge Total $1026.93