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:


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