How could I forget?
>> Wednesday, May 5, 2010
The account earned a whopping $6 in interest in April, which I suppose is better than me paying interest to a bank when borrowing money from them. Right? Between all my small savings account, I earned $20 in interest. Granted, that's not a lot of money, but that's $240 per year!
Our finances right now feel like they're on auto pilot. Michael said to me last night, "We should probably reign in our expenses a little so we can save for a new car, don't think you?" And I said, "I put $3,000 away this past month, and $3,000 the month before. Our total savings is over $7,500." He said, "Oh really? Good job honey, I felt like we've spent a lot of money the past few months."
I think it's great that we've been able to save as much as we have (and it's only May of this year!) yet feel like we're still buying ourselves things and enjoying ourselves.
As soon as we buy this car, we can start saving for retirement (with gusto at least)!
Kelsalynn


1 comments:
You could always roll some of that savings into a CD and earn higher interest. Of course, then there's a penalty for withdrawing it before a certain length of time.
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