Throughout 2008, I put $1 a day into a high yield savings account. Well, in theory. In practice, I transferred the funds once a month. In 366 days, my account is now at…
$371.22!
Okay, so it’s only an extra $5.22 in interest. But it was an easy way to put away close to $400. I barely missed that $1 a day. I’ve decided to keep it up for 2009 and keep the money in HSBC, though I seriously considered moving it to ING Direct, where I have my other online accounts. For now, however, nothing changes. I’m still going to save an easy $1 a day.
Anyone want to join me in this saving plan?
Hi I just started something like this. I use ING so I created a sub account and am transferring $7 every Sunday to my Dollar A Day Account which is a savings account.
Good job.
Congrats on building your savings!
This is a great idea. I may just have to join you in this.
Look at you! I unfort. quit after a good 4-5 months, but the idea still fascinates the hell outta me
I’m still putting aside random dollars every week, but just can’t get back into the rhythm of a definite # per day…maybe i’ll try again for this year though?
That’s a great idea! I’m might have to try it, too.
Sounds like a great idea. $365 doesn’t seem like a lot of money, but it’s better having that money in a savings account than spending it elsewhere. And putting in $1 a day doesn’t seem that bad. I’m going to create a new savings account on top of my other savings and do this. Great idea! Thanks.