I just check my new c.d. and the money is showing up and I already made $15.53 interest for the one day. The nice thing is, the check has not cleared my bank, so I earned about $15 interest in that bank too. I have decided to keep track of all the interest I earn each month. It would be neat to add this to my $20 challenge, but I don't think that will be fair.
I did not get my "big" check into the bank until the 22nd and interest was paid on the 19th, so no interest will be included for the big check this month.
Total interest I earned in the month of Jan. from my savings, money markets, ing account and checking account (it pays a little) was $464.31!!
That is $464.31 in my pocket for just saving money!!
January interest
February 1st, 2007 at 04:41 pm
February 1st, 2007 at 04:45 pm 1170348312
February 1st, 2007 at 05:07 pm 1170349631
February 1st, 2007 at 05:34 pm 1170351249
February 1st, 2007 at 05:52 pm 1170352375
i first thought about having enough saved to live off the interest when i was in college. emory received a very large endowment of coca cola stock in the early 1900s and the ongoing (and likely true!) rumor when i was in college was that they ran the entire school off of the interest and dividends of that stock, never touching the principal. WOW!
February 1st, 2007 at 06:31 pm 1170354708