Blogger
FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
Re: Do I have a problem? ;)

IOBA wrote:

 

SynnDiesel - that's a great idea.   Are you banking with Ally or Navy or any other bank that would allow you to open a CD with a small amount of money?  If they would, maybe you can put $25-50 into a CD per month and keep the rest in savings.   It's important to have both - cash savings, as well as a revolving CD door.   NOT that you would cash out the CD's, you want them to roll over, but it's great to have that security blanket.  :smileyhappy:

 

If the CD idea is seen in print - that was me - I didn't steal the idea (it was published).


 

The only banks I bank with do a $500 minimum and right now, that'd put a huge dent in my emergency fund. But doing something like 50 to 100 every month is a little more plausible, specially after the way you explained it.

 

But I'll look into Ally. :smileyhappy:

 

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)