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Thread: The balance between paying down debt and savings

  1. #331
    Senior Member Tradd's Avatar
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    Just threw another $1K on cc. Just under $3K now.

  2. #332
    Senior Member rosarugosa's Avatar
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    Wow - you're almost there!

  3. #333
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    Way to go, Tradd!!!!
    To give pleasure to a single heart by a single act is better than a thousand heads bowing in prayer." Mahatma Gandhi
    Be nice whenever possible. It's always possible. HH Dalai Lama
    In a world where you can be anything - be kind. Unknown

  4. #334
    Senior Member Tradd's Avatar
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    Woo hoo! Got a $880 refund from hospital (paid $3500 when registering for surgery in Aug). Card balance down to $2100ish. Yay!

  5. #335
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    Great, Tradd!
    To give pleasure to a single heart by a single act is better than a thousand heads bowing in prayer." Mahatma Gandhi
    Be nice whenever possible. It's always possible. HH Dalai Lama
    In a world where you can be anything - be kind. Unknown

  6. #336
    Senior Member Tradd's Avatar
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    Finally opened a high yield savings account. My big bank savings (where I also have checking and credit card) is 0.01% interest. I have. Vanguard IRA(401k rollover from years ago) so I decided on the Vanguard Cash Plus account. FDIC insured. No min balance or transfer amount. 3.9% interest. Started it with $100. Decided I’m going to keep several grand in my big bank savings account, connected to checking, for easy access in an emergency. The cash plus account will take a couple of days to transfer into my regular checking.

  7. #337
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    Quote Originally Posted by Tradd View Post
    Finally opened a high yield savings account. My big bank savings (where I also have checking and credit card) is 0.01% interest. I have. Vanguard IRA(401k rollover from years ago) so I decided on the Vanguard Cash Plus account. FDIC insured. No min balance or transfer amount. 3.9% interest. Started it with $100. Decided I’m going to keep several grand in my big bank savings account, connected to checking, for easy access in an emergency. The cash plus account will take a couple of days to transfer into my regular checking.
    This is brilliant, Tradd, way to go.
    I did this several years ago and keep all my emergency money there where it does collect some interest, varying over the years, but it is a good feeling. I also keep cds there that roll over each month to replace one month's income. It just perks along, making me feel safe.

  8. #338
    Senior Member Tradd's Avatar
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    Waiting to see if we’ll get a Christmas bonus. If we do, it will be this week. They don’t say anything. The direct deposit just shows up.

  9. #339
    Senior Member Tradd's Avatar
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    Well, I got a bonus, but it’s a weird amount. It’s not the usual full paycheck. It’s more like 1/3, but it’s not even that. Driving me a bit bats trying to figure out the amount. I’m happy I got something, but amount is weird. I woke up in the middle of the night a bit ago and saw the direct deposit email notification.

  10. #340
    Senior Member SiouzQ.'s Avatar
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    Is it some random percentage of your usual paycheck? Long ago at my bead store job for my first Xmas there I got a bonus of $600 (which was amazing back then for a single parent working a low-wage retail position). It turns out the owner gave back in the bonus $1 for every hour I had worked that year. (I had started that job in August of that year). 600 hours x $1 was my bonus. Doesn't seem like anything now but I remember the feeling of getting an extra $600 tax-free at the end of the year!

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