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$28 interest!!

January 14th, 2009 at 07:28 am

Last summer, my bank offered checking accounts for 3.19% interest with a $1000 minimum. So, I changed all my accounts over to these 3.19% checkings. I opened one for business checking, one for personal checking and one for savings checking.
I have never kept much in my personal checking but instead left it in the envelopes. I put away $175 a week to pay my property tax, home insurance, insurance on the 6 vehicles and tags for the 7 things we need tags for. (6 cars and a carhauler)
Now, i am putting that cash away in my personal checking every week and keeping track of it on paper.
So I have sub accounts, one for taxes and insurance, one for filling the propane tank once a year, one for christmas, one for a new car fund and one for house expenses and vacations.

This week, I earned $28 in interest in my personal checking account. I have decided to write a check for that amount and donate it to our local humane society.
Our local humane society is a no kill shelter. They do not put an animal to sleep unless it is severely ill. I like that. So, my interest will go to a very good cause!!

7 Responses to “$28 interest!!”

  1. Analise Says:

    That is a kind and generous thing to do with the interest $$... and you probably won't even miss it.

  2. mooshocker Says:

    NOthing makes one feel better than to give to those who are in need. God bless you and your thoughtfullness.

  3. Joan.of.the.Arch Says:

    Can you avoid tax on that interest earned by turning it over to charity directly?

  4. Ima saver Says:

    Good question, Joan. I have no idea. I like to give to help people and animals out, but I never itemize it on my tax return.

  5. scfr Says:

    I LOOOOVE that! On behalf of the animals, thanks (or should I say woof and meow).

  6. choystercash Says:

    What about doing a rewards checking account?
    I have one now at Charter bank and it makes 6.01%

  7. Wonderlake653 Says:

    Speaking of animals, how's Holly? You haven't mentioned Holly in a long time.

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