Comments | meg_levins: Inspirations

meg_levins

Inspirations

Apr 11, 2007 11:38

I stuck another couple dollars in my stashing-tip-money-away tin hidden in the basement and thought "Oh, I wonder if I have any more cash in that little side pocket of my purse that I regularly forget about." Sure enough, I found nine one dollar bills. I added that to my tin. While I was in that side purse pocket, I looked through the few other ( Read more... )

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babyhands144 April 12 2007, 03:38:55 UTC

I think I still have a couple of books he lent me, books on world religions back when I was interested in that kind of thing. I am 50% sure that I eigther left them in the trunk of my car too long and they molded, or I gave them back. The memories that I created for myself have me giving them back, but I don't think I was terribly responsible ever ( ... )

babyhands144 April 12 2007, 13:01:13 UTC

How much do I have to have before I can open an interest bearing account? Can I withdraw funds from an IRA at any time? What's a passbook account?

No, I did not respond. I take that back. I think I did respond, quickly, to tell him that I was no longer at NYU, but I can't tell if I've made that memory up, like you returning the books. I do not know how I got that initial email out of him, and to expect more correspondence would be to live in a fantasy world.

You're right about character.

babyhands144 April 12 2007, 23:46:14 UTC

A passbook savings account is the savings account you would have with a bank, as opposed to a checking account. These accounts earn something like .5 % interest a year (which does not even cover the cost of inflation), and have something like a $100 min balance requirement. This is not a good investment vehicle, but it does pay a little better than a tin can (although if you include shoe leather costs, which is just the time and resource cost of going to the bank, it further erodes the competitive edge of the passbook. However, your tin can is not insured by the FDIC ( ... )

freckles colibri29 April 13 2007, 13:25:43 UTC

noooooooooooooooooooo!!! i think that would have ruined something for me too.

(The comment has been removed)

Re: freckles colibri29 April 13 2007, 13:35:53 UTC

logging on... rebekah@spicuglia.us .... add me:)

IRA colibri29 April 13 2007, 13:34:20 UTC

i don't agree that the money does NO GOOD in the basement, though it would obviously do something more in an IRA account (the IRA or savings account is good, solid advice ( ... )

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