Last month, after closing on the house for which we are holding the mortgage, I decided to open a new savings account.
Since the highest interest I can find right now is at
Mysavingsdirect, (1.24%) I decided to open the acoount there.
This account will be mainly for my monthly mortgage payments that I will receive. I will also add the discount money I receive from Builderway (where we buy building materials) stock dividends, credit card cash rewards. advantage card savings and other discounts.
The reason I named it the "right" account is that the young couple that are making the mortgage payments to me are named Wright!
I opened the account last month with $1055 that I had accumulated from the above mentioned sources.
My first mortgage payment was due on Aug. 25th, but I received it on August 13th. I deposited it along with other savings and now have a grand total of $4055.00 in my account. I will keep a running total of that,just like I do my $20 challenge.
$20 challange $13,631.00
Right account $ 4055.00
The "Right" account
August 18th, 2015 at 06:43 pm
August 22nd, 2015 at 02:51 am 1440211866