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It's All About Money

June 27th, 2008 at 09:43 am

I looked over my ING savings account the other day and noticed every month they had reduced my interest rate. I knew from the get-go that they said interest rates would vary...but I didn't think it'd be a stairstep like that. Anyways, I switched to Wamu. Wamu was offering 3.30% plus I still have a checking account open with them so it made it very easy to sign up. I'm sure there might be higher paying ones but this one seemed the easiest. Also, since I have a checking account there too it's easy to transfer money back and forth and it's immediate. I really don't use the checking anymore since switching to Suntrust but I do still use it for Paypal transfers after my Ebay sales. It keeps me from spending it until I can figure it out. Also, I added my Suntrust as an external account so I can transfer money without any ATM fees or having to go to 2 banks or whatever.

I checked on my 401K I have self funded with ING....it has dropped every month since October. I just have the generic strategic growth allocation fund. I picked that because I'm so young. I know absolutely nothing about investing and I know the horrible market has hinder it's growth. I just don't know what to think. I don't know if I should keep it there or roll it over somewhere else or what.

I made a payment of 25.56 (squishy cash payment + random $)to the Chase card today. I should have another $80 to add on Monday. I feel that if I just go ahead and schedule the c.c payments as I find money, I won't be able to spend it on useless crap.

I think we're gonna take DS to his first cinematic adventure tomorrow afternoon. We're gonna take him to go see Wall-E. Normally we would just wait until DVD but I think it's been hard on DS with both of us working so much. Not only that, but with all the cut backs we don't really go to a lot of places anymore. He doesn't have any siblings and we don't have any friends with kids....well I take that back...we have one set that have a 6 month old....but at 2 yrs old a 6 month old really isn't that fun. I've been playing with him outside and allowing him to help me with the garden, but I think he just needs a treat and some good family time. I really don't want to spend the money, but we are going to a 12pm show so it will be cheaper...but still. I'm torn.

1 Responses to “It's All About Money”

  1. fern Says:

    As far as your 401k, yes, keep it there and keep contributing. You are young so there is plenty of time to allow for the market to rebound. This is a good time to be buying stocks becus they are so cheap.

    Sometimes, you have to look in the eye of the storm. It's hard to do, but i've been buying too, in addition to my 401k.

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