Where can I park $300 to $500 per month while saving up for minivan?

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01/21/2012 08:42

Subject: Where can I park $300 to $500 per month while saving up for minivan?

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Anonymous

OP, I'm certainly no expert, but I would check out some of the high interest online accounts: http://www.consumerismcommentary.com/best-online-savings-accounts/

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01/21/2012 08:43

Subject: Where can I park $300 to $500 per month while saving up for minivan?

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Anonymous

Anonymous wrote:You can get a mazda 5 for 18 or 19 K...

Yeah, but then you'd have to drive a Mazda 5.

It only seats 6 besides and those back seats area really small.

She's better off with a late-model Caravan or Town and Country at that pricepoint.

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01/21/2012 08:45

Subject: Where can I park $300 to $500 per month while saving up for minivan?

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Anonymous

If you can afford to sock away $300 to $500 per month, why are you waiting to buy the van? Interest rate on a car loan isn't really any larger than you'd get in a CD -- maybe 150 basis points or so.

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01/21/2012 09:00

Subject: Where can I park $300 to $500 per month while saving up for minivan?

quote

Anonymous

Anonymous wrote:If you can afford to sock away $300 to $500 per month, why are you waiting to buy the van? Interest rate on a car loan isn't really any larger than you'd get in a CD -- maybe 150 basis points or so.

For me, this is why: http://www.dcurbanmom.com/jforum/posts/list/212074.page
To have the insurance check from the totaling of the car go to pay it off rather than buy a new one.

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01/21/2012 12:11

Subject: Where can I park $300 to $500 per month while saving up for minivan?

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Anonymous

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:ing is about to be bought by capital one

I keep hearing about this but haven't received an official notice. When Is this supposed to happen?

if this happens I am closing my ING account. I will not have a thing to do with Capital One

Isn't Capital One = Bank of America? Hate BofA and will close my account as well!

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01/21/2012 14:47

Subject: Re:Where can I park $300 to $500 per month while saving up for minivan?

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Anonymous

Thank you all - OP here. We do have an ING account and was trying to figure if anything else is out there. I guess anything short term only makes pennies. I understand that minivan might cost a lot, probably 30k+. We are aiming to save atleast 10k towards it. The reason we are waiting to buy is because we don't need it right now. We hope to have another kid in two yrs and that is when we will spring for the minivan

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01/23/2012 09:18

Subject: Re:Where can I park $300 to $500 per month while saving up for minivan?

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Anonymous

Where do you currently keep your emergency savings?

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01/23/2012 09:27

Subject: Where can I park $300 to $500 per month while saving up for minivan?

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Anonymous

Sorry. There isn't a single van that's $50k. The Honda Touring is low 40's if you are dumb enough to pay sticker. We paid $32 for our 2011 exl Honda (leather, power doors, etc.)