Valued Contributor
IOBA
Posts: 2,697
Registered: ‎08-13-2009
Re: Do I have a problem? ;)

Creditdreamer - thank you!

 

I have a suggestion.  You had said, "And then if I'm still in an okay financial situation starting in August when the CDs are coming up, I'll add 400 a week and put them back in for another 6 months. So then each time I roll over a CD like that, I'll be able to have 6 months from that date of financial safety. And starting in Feb (2013) I'd start having 800 a week coming up."

 

What I would suggest, if you can, is when the CD's mature, just keep them on a roll over status.  The new $400 you were going to add to the CD --- open that in a NEW CD that is a longer term, say like 3-5 yrs.  It will earn a higher interest and be a little further out.  

 

Definitely continue buying a CD every week as you have started doing and plan to do so that money rolls over every 6 months.