It gets even better. Use this code to get 10 free trades on Sharebuilder: 10aip2
I 
SO HORDE when I looked at what my savings account does. Granted Iām not really caking up nice enough to throw mean funds in there (Iām still paying off debt, down to under 4K), but after a month, I got FIVE CENTS! Iām not sweating it because that money is less āmoney for making moneyā and more āsmack my hand if I touch it moneyā, but its funny how USELESS a savings account is for accruing interest. At the rate mine goes at, if I had 20K in there Iād make like 12 bones a year off interest. Lulz.
Well my life plan just got super duper interesting this weekend. Opinionsā¦
Person A owns an extremely well priced house.
Person B is renting.
Person A & B decide to move in together in possibly a different region.
Should Person A keep said house, and rely on Person B to front most of the money for the new house, allowing them to rent out House A, or should Person A sell said house to go in on larger property with Person B?
- :bluu:
Check out some savings accounts online. Iād recommend HSBC or INGdirect. Not much now (1.25 for ING), but back in the day when things were good it was around 4%.
Hey guys, just curious what you all use to manage your finances. Iām debating a number of optiopns. I used to use MS Money, but that kind of doesnāt exist anymore. I was considering using GnuCash, but I couldnāt figure it out i n 5 minutes, so I kind of gave up for a bitāthatās what I tend to do with software. Just asking for thoughts before I actually read documentation and try to figure it out myself. Iād probably just stick primarily with Yodlee Moneycenter if I could figure out how ti import data.
Sup Warpā¦
Easy schmeezy thing to do is just to get an excel template for budgeting and throw everything in there. Iāve also used Quicken in the past. I mostly just take all my electronic statements and put it into excel and from there I can split up all my expenses into categories and graph them over time.
Hope this helps.
-ninj
+1 on that, I have mine in excel and it calculates everything for me. Seeing how much I have spent month my month
Warp,
Which banking institute do you use as they may have tools available for you to use.
in fact I just checked my OUTFLOW for Dec and SWEET JESUS!!!
$5,575.18
Somethings that stand out on the statement of cash flowsā¦
1608 @ department/retail storesā¦ haha
but anyways you get the idea.
So guys I have about 100 bucks a month to set aside, do whatever. What would be the best way to turn this 100 into something more? High Yield SA? Stocks?
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Save up for 10 weeks.
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Go back in time.
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Buy a single Gold Bullion coin.
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Come back to right now.
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Sell it.
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Repeat.
But naw, just save that shit in your rainy day fund. Youāre not going to do that much with $1200 a year, man.
so how much would I need? What if I donāt limit myself to legit methods hehehehā¦
Well with your $100 a month you could throw that into a high yield savings account. It would not be worth your time putting it into stocks each month as your buy and sell transaction cost would most likely be around $10 each way. So if your spending $10 of your $100 each month buying a stockā¦ you do the math. Even if itās $4 for cost itās still not worth it. If youāre willing to not touch this money for a while you could put it into a bunch of CDs, which might be somewhat time consuming. What you could do is go to www.bankrate.com and look for the highest yielding CD rates each month with your $100. This would cause you to have a bunch of CDs across different banks, but youād be getting a higher yield. Again, this is only if youāre willing to not touch this money for a while because there are penalties involved in early withdrawal. These penalties can range around 3 months worth of interest.
-ninj
let me know if you want some other ideas or whatever. Saving is funs.
@akuma31: http://www.ing.com/group/index.jsp is a good one to save money in and gain some interest. Like white ninja says, put it away and donāt touch it.
awesome sounds great, Iāll go with a HYSA and see what happens in a year. Good thing you guys told me about the stocks or iād have run into a brick wall 
Waitup Akuma, you can do a LOT with $1200, especially if that $100 a month keeps coming.
To start with, get a Sharebuilder account open. After that use the code here 10aip2 to give yourself 10 free trades. Now you just knocked out the trade fee cost that everyone bitches about. Each month buy $100 of either SPY or BND, whichever you have less money in. Maintain a 50% balance in each of those investments, then a year from now let us know how you did. Send me a PM with your email and Iāll get you another code for a $25 bonus on your first trade.
NM, Iāll send you a PM with what I just posted to make sure you see it.
Iām not saying that he canāt do anything with $1200ā¦itās just that heād be better off putting it in a rainy day fund. A better priority than trying to turn $1200 into $2000 is putting that $1200 into the bank in case his car gets totaled or his house gets robbed.
Yeah, at that level itās more important to be liquid.
copy me on that pm haha diversifying is always good 
How much do you guys reccomend to put in a 401k? I currently put in 9% and I want to bump it up to 15%. Smart or dumb? Diversify? I am also looking into other retirement fund options. Any suggestions? Thanks!
Main idea with the 401k is to at least put in the amount that your company will match fully (if they offer a match). Beyond that, itās really up to you. Also, look for funds within your 401k that do not have high expense ratiosā¦ this is how much youāre paying the fund management to look after the money. Most of these large funds are pretty bad at what they do so you would not want to be paying high fees for this.
Other retirement fund options that I use are the Roth IRA. You can put after-tax money into this account up to $5,000 per year. The benefits with this account is that you can buy anything you want (depending on broker) and are not limited to a family of funds as you are in the 401k. The after-tax thing sounds sucky, but you DO NOT end up paying capital gains on what you make in the account and this is the hot ish of this type of account.
-ninj
Am i getting this right? Youāre suggesting he get into a bond ETF that USED to pay dividends, but no longer does so? huh?
-ninj