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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)

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.)
- Submitted by STORMY724 7/2/2010 in Saving Money | 0 Comments
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