Wednesday, April 26, 2006

Wow, the IRS Cashes Checks Faster Than My Bank Does

And yet, this doesn't surprise me.

In any case, finally sat down and opened up a savings account. Also paid my bills today: $400 in credit card payments and $300 in student loans.

And I wonder where the money's going?

I'll be putting aside $50 per paycheck to start, which is $100 a month, which isn't huge, but hey, gotta start somewhere.

3 comments so far. What are your thoughts?

Khandi said...

Yeah, the IRS probably knows better, unlike the state which still has not cashed my check (and given how slow they usually work, I'm sure it'll be a good while).

Steph said...

$100/month is still over a thousand a year; given your age, you should eventually have a nice chunk of change...That's about how much Ian and I put away, only we're doing it in an IRA sort-of-thing.
Have you thought about sitting down with an investment person at your bank?

Kameron Hurley said...

Yea, I'd like to ideally get to the point where I was putting 5% of my income into my 401(K), $50 to an IRA, $100 a month to savings, and %50 for savings to be put toward stocks and bonds investing.

I think that would be neat.

I'm not a huge fan of my bank, so I'm leery about talking to an investment person there, but I would like to speak to an investment rep with a firm where all they do is investment, at some point.

Still researching.

Posted by Kameron Hurley