While researching where to invest my economic stimulus dough (and not exercising today), I stumbled across this poll. You too can vote and see what other folks are doing with their $600 windfall. I'd love for you to comment on my blog about your own plans. Just click the comment link at the end of this post.
Also, even though this $600 is "free" money, I'm giving myself a backup plan. So to ensure I have another $600 to play with next year, I signed up for Suze Orman's Save Yourself Plan. I'm new to Suze's revolution and have yet to read any of her books. Last week, I heard her talk about the savings plan on what must have been the 13th hour of the Today Show that day. It's through TD Ameritrade. Which reminds me ... I need to check out TD Ameritrade's trading plan and compare it to E*TRADE. I'll try to post some quick thoughts tomorrow.
By the way, I highly recommend the savings plan if you can stand to monitor another electronic bank account. I set it up in about 10 minutes. If you open the account before 3/31/08, deposit the minimum of $50 and contribute at least $50 monthly through March 2009, you'll get the 2.75% interest PLUS $100 as long as you don't withdraw before 3/09. Yes, E*TRADE savings has a higher savings rate but nothing that compares to $100+ on a measly $6-hundo. Thanks Suze!
P.S. to Mom: No need to pick up Suze's latest book, Women and Money, for my half-birthday, which is Thursday. I bought it over the weekend. Sphere: Related Content
1 comment:
I'm so proud of you ... first of all for blogging about saving money as I know it's difficult for you to do instead of taking that $600 and heading to Sephora. I am going to stimulate the cruise ship economy by taking my $600 to a cruise line going someplace in the Caribbean this June. However, I really enjoyed reading about the savings account in your blog today. You're a very persuasive writer -- I'm actually thinking about signing up!
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