Home > Emergency Fund Update and Account Housekeeping

Emergency Fund Update and Account Housekeeping

October 11th, 2013 at 11:40 pm

I didn't make it to the CU where I keep the safety net portion of my Emergency Fund to deposit money yesterday, but made it today. I also got the statement for the quarter yesterday and earned a whopping 54 cents in that account.

$7335.51 Beginning EF Amount
___52.56 Coin Jar Savings Added
_____.54 Interest Added
$7388.61 New EF Amount

$121.39 to go to hit my October goal of $7510.

I also finally got that account set up so I can access it online. And I added that account to my online C1-360 account so I can now transfer money from the safety net to the main EF. Since the original plan was to only have $1000 in the safety net account I've got quite a bit I can transfer. They will make test deposits in a couple of business days, which with the holiday Monday likely means on Wednesday.

I can also now wet up this CU account to receive paypal deposits. DH already has our main account hooked up to the allotted number of email accounts. Now I can have my own paypal hooked up to an account. This last month I did the 5 $5 gift cards from Amazon and then the $25 gift card instead of getting a $25 cash check just because I couldn't hook up my email to our main account and I didn't have the routing information on the other bank.

This month after I get the 5 Amazon cards, I will go for the $25 cash. Then I can get it dumped into the CU account and from there grab it from the C1-360 account. It's a few extra steps, but I don't have a checking account with C1-360, just savings, and at least when I first set it up when it was ING, you couldn't paypal to a savings account. Now I just need to go set up the paypal account with my email and then set it up with the safety net CU checking account. As long as I can get the money to where I want it to go eventually, then I'm happy.

1 Responses to “Emergency Fund Update and Account Housekeeping”

  1. rob62521 Says:

    Don't spend that whopping interest all in one place! LOL It is kind of disheartening, though, when you try to save and get so little return.

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