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A small check in the mail

March 21st, 2009 at 01:04 pm

I got another small check in the mail to add to the $20 challenge. It was from Tim Horton stock. Normally, I reinvest all my dividends, but I never bought the Tim Horton stock, I got it when Wendy's spun off the stock.
I was checking on the interest I earned last month (February) compared to the interest earned in January. It was $350 less in February.
That is because I had too large C.D.'s come due the end of January and I had to roll them over into C.D.'s paying less interest.
My goal in life is to some day live off of my interest on C.D.'s.
Dh has never worked anywhere to get a pension; he has always been self employed. I never worked anywhere to get a pension either.
We do have IRA's but they are not worth much any more.
I can see where a big drop in interest from one month to another would really hurt. It would be hard to get by without that $350 for the month.

Of course, I am not using that interest money to live on yet. Nor am I using the big $580 in social security I get every month. I am still saving the money. But I know that someday, I will have to live on that money.

$20 challenge

Prev. total $4728.00
today 13.00
new total $4741.00

1 Responses to “A small check in the mail”

  1. frugaltexan75 Says:

    That is a lot of interest income to drop. My EF was earning around $28/mo in interest, but this last month only earned $24 - without a change in balance.

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