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.
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.
