Secrets of Success

Save "Extra" Money

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When I receive "extra" money or money I didn't expect, it goes into our money market account. "Unexpected money" is what I find in pockets, under cushions or on the street, rebates, bonuses, overtime, refunds, pay raises, gifts & what's left in checking accounts the day before pay day. Along with regular monthly deposits, we always have enough to pay cash for anything we need. (click title for more info)

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Once a sizable amount is accumulated in our money market account, we leave enough there for emergencies, then invest in a stock which has been historically stable & pays a good dividend (5 to 20% annually.) Right now most savings/money market accounts pay pathetic interest (1.25% or less APY.)

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