Hello Bettermost friends!
*waves - looks at clock*
Damn, I'm late today!!!
I decided to be "the good son" today. I woke up and mom & dad had gone out, and mom had left a wash in the washer. I took it out and hung it outside to dry since it's such a warm, sunny day here. While that was drying, I did a complete clean of the kitchen, washed all the countertops, swept and mopped the floor, put everything in its place. I opened the windows to air out the place, and washed the placemats/rugs in the bathroom as they were looking a little grungy.
I even cleaned out the cat's bowls, and then lit some of mom's vanilla scented candles.
Moms reaction? "Well thank you..................what do you want?"
I'm still on my "money high" from yesterday. It was such a good feeling to get my bills paid early (especially the car insurance) and still have enough to toss into my money market which is getting used for my year-end goal to move into my own place.
money market?
I love fig Newtons! Kelda a money market is a bank account that pays a bit higher interest but you have less access to it. I've never had one. I spend all my money on fig newtons. 
Big Brother Truman! You spend-thrift!!! You spent it all on fig newtons? Damn! You could've at least got some chocolate chip cookies too! damn!
Kelda, like Truman said, a Money Market is a type of Savings account, but has different interest and rules. Here is a brief run down.
Checking Account: These types of accounts tend to be 100% liquid, meaning there is no minimum balance requirement (although some can have that) and you have no limit to the amount of widthdrawals that you make to the account. Sometimes they have no interest that is earned, or there is a very low interest rate.
Savings Account: These types of accounts have no restrictions on deposits, however, they can restrict the amout of withdrawals that you can make during a month. Many banks will tell you that you should have no more than 6 widthdrawals a month from this type of account, and that will often include 3 electronic withdrawals (ATM Card, or auto-debit). Many of these accounts may have a minimum balance requirement (say, at least $100.00 must always be in the account) and will earn interest, but not a large rate. My Savings Account with my bank gets a rate of 0.60% APY (annual percentage yield)
Money Market: These types of accounts typically have a relatively high rate of interest and require a higher minimum balance (anywhere from $1,000 to $10,000 to $25,000) to earn interest or avoid monthly fees. Like the savings accounts above, you should have no more than 6 widthdrawals a month from this type of account, and that will often include 3 electronic withdrawals (ATM Card, or auto-debit). Some money markets can get 2.00% or 3.00% APY. I don't have my statement handy, and I can't recall what my rate is on my MM.
Topic: Cellar Scribblings (Read 9050194 times)