inquisitive
Recycles dryer sheets
- Joined
- Apr 7, 2008
- Messages
- 223
What's the best way to organize all my finances so that I have liquidity while at the same time making the most on my money?
Right now I have a free checking account which I use to pay bills, but I have to transfer money from my high interest savings account periodically which is a hassle and sometimes I transfer too much or too little since the bills vary from month to month. My income from my job deposits directly into the high interest savings account which makes about 3%/year so I could actually be doing much better by getting an index mutual fund or something along those lines, but then would I be able to transfer to the checkings account? Or is there an account that I could invest in stocks/mutual funds while writing free or low cost checks off the same account, and being able to withdraw funds occasionally from an ATM?
I'm also looking into opening a Citi bank account and getting a Thank You Rewards credit card if anyone has experience in this.
Right now I have a free checking account which I use to pay bills, but I have to transfer money from my high interest savings account periodically which is a hassle and sometimes I transfer too much or too little since the bills vary from month to month. My income from my job deposits directly into the high interest savings account which makes about 3%/year so I could actually be doing much better by getting an index mutual fund or something along those lines, but then would I be able to transfer to the checkings account? Or is there an account that I could invest in stocks/mutual funds while writing free or low cost checks off the same account, and being able to withdraw funds occasionally from an ATM?
I'm also looking into opening a Citi bank account and getting a Thank You Rewards credit card if anyone has experience in this.