I've been married for two and half years and everything we have is in my husband's name. He won't let me get a job, even leave the house. I'm ready to leave, and so far all I have is $70 that I had hidden from him in a crockpot. I know the first thing I need to do is get that money into a bank account, but the problem is savings accounts usually require a $100 minimum balance. But I know I need to start drawing insurance on that somehow. So far what I have planned to do is put all that money into a checking account, then transfer it to an ING Orange account with a 4.5% interest rate. Does this sound like a smart thing to do, or is this a waste of time and stuff.
I'm not stupid, I know by the end of the year I'll have collected like $2 from interest or whatever, but even that is better (and safer) than it sitting in a crock pot in the top of my son's closet. (And if you have any legit ways to make money from home,t
2007-09-18 17:50:41 · 5 answers · asked by Kallie 4 in Business & Finance ➔ Personal Finance
Two suggestions for you:
1. Open a checking account at a credit union. Just look in the yellow pages for credit unions, and call and ask their membership requirements. They've really loosened up over the years. The reason credit unions are better is that they don't fee you to death like regular banks.
2. Brokerage houses also are getting into banking and offer FDIC insured checking, sometimes with interest. I've linked to the Fidelity one which looks pretty darn good
2007-09-18 18:19:42 · answer #1 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
do not put that money in a bank. you need it right now and rather spend it on what you will need when you leave home.
$3.15 is the interest you will earn if you put that away, and $3.29 is what you will earn the second year, that is if you keep that 3.15 in the bank + that $70, on the 4.5% interest rate.
i think you should spend that money on newspapers to find a job which will cost you something for you to take the bus, taxi, or whatever to get to your interviews. plus when you start your new job, you might need that money for bus fare, taxi, or gas for your car. also look into the government to help you out.
good luck.
2007-09-18 21:07:26 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think the first thing you need to do is to talk this over with your husband, leaving should be the last thing to do since the child has a right for his father and vice versa. Talk with him and if you are worried about his attitude then call some close friends or family to come by beforehand. Otherwise please advise the national family help-line for this kind of problems.
2007-09-18 20:00:44 · answer #3 · answered by shallowG 3 · 0⤊ 0⤋
open an hsbcdirect.com account they offer 5.5% interest. what you need to do is just get out. take your son and just drive to your parents, a friends or a police station so they can help you. you shouldn't have to live another minute like that. he may not be physically abusing you but he is mentally abusing you and your son. your son shouldn't have to grow up in that and neither should you. just get out when he is at work. take what food you have in the house, grab some clothes, your son and leave.
2007-09-18 18:03:54 · answer #4 · answered by I Heart LA 3 · 0⤊ 0⤋
The banking ideas sound fine, but you seem to be a prisoner in some one else's life. Are you happy?
2007-09-18 17:59:54 · answer #5 · answered by hottotrot1_usa 7 · 0⤊ 0⤋