Me and my girlfriend are going with an idea to open an account together and put money into it until we decide to get married. We both want marriage so we figure y not do somethin now until we get to that point to help out. The money isn't for nothing specific yet possibly honeymoon money, house down payment, who knows. What would be a good way to go about saving this money, just open a regular savings account or something different like a c.d or something? We plan to make like a ten dollar deposit every time each of us gets paid and put more in whenever we want to.
2007-01-04 15:37:37 · 10 answers · asked by devp444 1 in Business & Finance ➔ Investing
The orange account from ING. Has a much higher yield than most c.d.'s and unlike a money market, you can make withdrawls or deposits anytime.
2007-01-04 15:41:06 · answer #1 · answered by Kflo 2 · 0⤊ 0⤋
I'd start with the savings account and then when you gat up to $250. go buy a CD and keep it going like that. Get the highest interest rate and move it if it comes due and there is a higher rate at another bank. Make the money work for you. the savings rates stink. Plan on the timeframe yoou will need the money like a honeymoon and schedule them to come due at about the same time, when you will need them. You may decide to take a cheap honeymoon and wait for that house when you see the nest egg grow a little. Smart move.
2007-01-04 15:42:33 · answer #2 · answered by MISS-MARY 6 · 0⤊ 0⤋
Well buddy. Seriously, if you guys havent been together for a long time...In my most honest opinion ever. Best account type to open...is a SEPERATE account. Seriously. Doesnt hurt to save seperately. In the long run you may actually be thankful. Or you both saved up a whole lot and can then combine your amounts and make further investments. In a more together kind of way. Good luck
2007-01-04 15:44:41 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Since it seems like you will be taking the money out in a few years or less a high interest savings account makes the most sense.
Above "Ing" was mentioned, it has a 4.5% rate with no fees or minimums, good but there are better accounts.
www.emigrantdirect.com is 5.05%
www.hsbcdirect.com is 5.05%
www.theapplebank.com/grandyielddirect/ is 5.25%
all of these have no fees and no minimums.
2007-01-04 17:13:20 · answer #4 · answered by hogie0101 4 · 0⤊ 0⤋
Not a good ideal to open a joint account unless your married. Things may change between the two of you and the marriage could be called off. Yes, your in love now, but who can predict the future. The two of you should open your own accounts, but individually.
2007-01-04 16:02:58 · answer #5 · answered by Grandpa Shark 7 · 0⤊ 0⤋
Wow!!! i think of the r/s is shifting a sprint too rapid (basically 4 months!) a million) i think of you're noticeably helpful approximately your determination, which you do not elect to try this, so communicate over along with her share this record along with her. If she knows she is a competent lady pal, if she would not elect to comprehend she isn't mature sufficient for it besides. 2) Reject her with the aid of being truthful. tell her you have not have been given the money for $30/month. supply her a time once you think of it would desire to be a greater robust time like in a three hundred and sixty 5 days or 2 (regardless of makes you delicate) (plus this form you would be helpful if the relationship is nice sufficient which you incredibly elect greater with this female)Giving her a tentative/hypothetical date makes her experience your not a hundred% against her basically which you incredibly elect greater time. ;-) 3)Her reason of doing it is because of the fact she is excessive approximately you. sure, in her techniques she sees a destiny for this relationship and prefer each female she desires to shelter it (not something incorrect with that as long as you the two agree the relationship is worth securing) . i might desire to declare i agree along with her reason(not too lots on the 1st one, however the others are ok) This plan only may well be fairly useful interior the destiny if this could be a excessive relationship. 4)Is she attempting to tie you up??? Hmm.... i think the respond relies upon on what variety of man or woman you're....what i mean is Do you spot the glass a million/2 empty or a million/2 finished? If she is a competent man or woman than she is only looking out for a manner forward for the relationship(that's composed of affection and *dedication* If U are actually not waiting for it enable her comprehend, do not harm her) OR she is a terrible guy or woman that would not care approximately how uncomfortable you're with it and is only making plans in tie you up. you comprehend her greater beneficial than all the human beings who will respond so it incredibly is as much as you the way you spot her strikes harmless and helpful or sneaky and unfavourable. do not forget approximately comunication is very substantial! communicate relating to the record of why you each think of its good or undesirable and the pros and cons. desire you the wonderful of success! <3
2016-10-30 01:11:19 · answer #6 · answered by roca 4 · 0⤊ 0⤋
I'd Invest it in a low-risk stock portfolio. Personally I have my funds in the market and it is doing alot better than if I were to have placed them in a bank. The other thing with stock portfolios is that if for some reason you want some cah, you call you broker and tell them to send a check for the amount you want.
2007-01-04 15:44:46 · answer #7 · answered by amshamah 3 · 0⤊ 0⤋
I would contribute to a money market fund. I would also keep some money on the side for your self and your hussies. Hey you never know when you might need money for a rub and a tug from Canada.
2007-01-04 15:40:32 · answer #8 · answered by bdat40oz 2 · 0⤊ 0⤋
I strongly suggest you to let her save her money in her account.
2007-01-04 17:09:58 · answer #9 · answered by Anonymous · 1⤊ 1⤋
seperate accounts until you get married then you can join them.
2007-01-04 17:14:39 · answer #10 · answered by Anonymous · 1⤊ 0⤋