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Slave On Money, Slave On!!

February 18th, 2009 at 03:31 pm



"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
________
$0381.50
+0000.06 interest income 1/31
+0010.00 Feb Savings Allocation 2/1
________
$0391.56
+1000.00 Truck accident - temp. parking 2/18
________
$1391.56

See 1/22/09 blog post for more about this worthwhile organization.

http://luxliving.savingadvice.com/2009/01/22/crash-boom-life...

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:

$20 CHALLENGE
$000.75 Feb balance
+002.25 wallet cleanout
_______
$003.00 Feb MTD

2009 Challenge Total $24.15
Cumulative Challenge Total $1026.93

3 Responses to “Slave On Money, Slave On!!”

  1. frugaltexan75 Says:

    Richest Man in Babylon is one of the best financial books out there I think. It puts good money habits into a story format which makes it easier to understand than a bunch of lists of things to do.

  2. KellyB Says:

    Love the book, and LOVE the name of your account!!! Clever!

  3. baselle Says:

    The Richest Man in Babylon is one of my favorites also. Timeless advice - the great great great great grandkids can learn from it.

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