How do YOU answer the credit card question?
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How do YOU answer the credit card question?
| Fri, 11-05-2010 - 3:30pm |
Why can’t you just use your credit card?

Cash can be seen and touched and kids get that, usually at an early age,


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When my savings balances accumulates signficantly, I transfer it to my money market (different institution, so it requires a "check") which does generate significant interest.
"I don’t mind a banshee, that’s fine. 2 banshees? I HATE you. I actually wish bad things upon you." -- Day[9] Daily #459 P1
Yeah, that is basically what we do. The main account is not strictly speaking a proper savings account, we have a third account for that, but it is an account where money is allowed to accumulate for a while, before being given a final destination. Since our income varies a fair amount, this is a pretty flexible way of doing it, while still keeping a certain discipline.
How much money you are amaking on thoese 7 g's depends on several factors including: What is the interest rate? Over what period of time? How often is the interest calculated and paid during the period?
So basically you earn a small amount of interest on your 7g's.
I just started the where is my money going with
I much preferred escrow accounts than paying the tax and
4x times a year? We only pay twice and I just write it down on my calendar with my other bills. Never found it to be a hassle.
Pretty personal question as I never said the exact amount I pay per year for both things or what place I have the money.
You don't save for your big expenses each month?
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