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Money and Finances
Reply to "What to Do About Money "Stuffed Under Mattress""
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[quote=Anonymous]Are you sure it's really "extra money"? Do you have any debt? What type and at what % Are you maxing retirement savings? Are you regularly contributing (monthly, etc) to 529 for kids? Do you have a car, is it paid off, and when will you have to replace it? Do you have 6 months of emergency living expenses? If you have extra after all of the above, put it in a savings or money market account at 1% interest, that you can access in a few days time but is not automatically linked to your checking account, if you have trouble with that. Capital One 360 cash account is a good suggestion. Definitely not in the house--if the house burns down or you get robbed, it is gone. You are FDIC insured up to 100k with a bank.[/quote]
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