2007 challenge
I did the 2005 challenge and ended the year with close to $700. I then got busy and a bit sloppy about trying to save those little odd bits that came my way, so I want to jump into the 2007 challenge and continue and improve upon what I was doing in 2005.
My ING account that I opened in 2005 has just been sitting there with about $90 in it. At the same time we have a bank savings account where the mortgage is automatically deducted. For the past month I have been setting aside 1/4 of the mortgage and 1/52 of the yearly taxes into that account. Well it pays 1.25%. I realized for not much trouble I could deposit the money weekly into my ING account and then drop the morgage money into the bank acount as needed. So that is one way to make a bit more in interest.
I've been catching up on posts today and realize that keeping frugality in the front of your mind, helps make it easier to put it into action.
Gail
|