800 bucks - Page 3

lvr4jbns · 02-13-2007, 10:31 AM

It depends on how liquid you want your money to be. Money markets are great for accessibility and you don't need a broker. I have two MM accounts one at my local bank and one online account. There are both liquid, the online MM earns 5.05% ARP, is linked to my checking, but can take up to five days to complete a transfer. My local MM only earns 2.08% ARP, I can write up to six checks and/or withdraws and I can get to it instantly. Not liquid, CD's very secured and easy to obtain. Another would be mutual funds, higher APR but a little more in depth. The internet is a great place to educate yourself. Just use a search engine for information. Go to mutualfunds.about.com for some good information. It's pretty cool to watch your money grow. Hope this helps.

lvr4jbns · 02-13-2007, 10:59 AM

Sorry, I forgot to add http://bankrate.com another great one. Have a great day!!

Alex's mommy · 02-13-2007, 11:14 AM

Id save it, no reason to blow it.

In the next 2 months my car will be paid off - thats an extra $300 saved!! woo hoo!

I live in a rental with my son and hubby - so I dont need to do any major home improvements.

brokedownrage · 02-13-2007, 11:43 AM

Quote:

Originally Posted by MaDuncan

If you had an extra 800 a month, what would you do with it and I mean extra, and you cant depend on it (like oh I would buy a new car) and it cant be used for household bills.
Would you save it?
Buy things?
Household improvements?
Save some buy some?

PAY OFF DEBT!
I so want to be consumer debt free!!
We are working on a new debt repayment plan now.

Once the debt was paid off I'd plan a big family vacation, save up for it so it does turn into more debt and have some fun to celebrate!

momof2boys · 02-13-2007, 11:49 AM

Once all my neccesary debt were paid, I suppose I might upgrade a few things around my house $800.00 at a time.

Alexs Mommy, Your lucky I still have about 5 months to go, trying to pay extra but other things keep getting in the way. Good thing is I still have 5 months but I still will have done a year earlier than my loan.

brensmom · 02-13-2007, 12:03 PM

i would buy the rest of the christmas gifts i needed for the holidays(already have all the b-days done) then i would save some we always take weekend trips to the zoo and fairs so i would use it for that then i would be saving more of our regular money and use paychecks to pay down the bills.

amandababy23 · 02-13-2007, 12:22 PM

save it

Rakshanda · 02-13-2007, 12:39 PM

Pay down any debt you have, then save it, put it into a money market account of a Orange account and let it grow. maybe pay kids college accounts, or save for the new car and pay cash when you need it! the posibilities are endless.

DebbieL · 02-13-2007, 05:28 PM

I don't own a house, and I'm certainly not doing any improvements on a rental condo - so it's savings (investments) for me!

Esthermo · 02-13-2007, 06:43 PM

I would probably take just a little and go out to eat with DH. Then take the rest and put half towards paying off student loans and saving the other half. We have about $18,000 in student loans from DS that are starting to come due now that he is done with school. Thankfully this is our only debt besides the mortgage of our home.