SparkPeople advertisers help keep the site free! Learn more

Secrets of Success

< Secrets of Success Main Page    Submit a Secret

Put A Little Aside

24

Members Were Sparked
This Sparked Me!

Every Friday, after I get paid, I take out $40 cash and put half in one envelope, half in the other. Once I get a good amount, I'm going to research the banks and find the best interest rate on CDs. Then I'll invest them both - but with different expiration dates.

MORE INFORMATION:
I use this plan for future expenses. I'm saving up to take my nephew on a Safari in Africa. We won't be going for at least six years, so that gives me time. CD's are safe, and I can't get at them until a specific time. I'll make sure I can get at the other CD after a year or so - for emergencies.
- Submitted by KATRENIAH 8/5/2010 in Saving Money | 2 Comments
Please note these are member-submitted secrets and are not reviewed by SparkPeople's health experts for accuracy. If you feel a secret is inappropriate, please click Report Inappropriate Secret and our staff will review it.

Member Comments

CATHERINEL66 8/5/2010 8:22:00 PM

    Nice idea. I have funds go to my 401K right out of my pre-tax income, and then another chunk into savings. When I'm feeling flush, I have a little every month go into a little stock portfolio too. It's not alot, but it all will add up eventually.
COOPERSPARK 8/5/2010 10:47:00 AM

    all mine goes in the bank and i don't see it. but in the check book. but do put fifty out of my check in savings every other week.

Leave encouragement, a question, or anything else relevant to this. All comments must abide by SparkPeople's Community Guidelines.

Log in to post a comment.

Related Secrets

Diet Resources: fiber diets | fiber network | foods high fiber