An old man once told me that if you ever start saveing money, you'll want to save more and more. It did'nt make sense to me at the time because I blew every penny I got my hands on. But as I have gotton older I have found that it is true.......the more I save, the more I cant wait to make that next deposit. BTW.........sounds like a great kid, donateing to charity and giveing to her lil sis. She's a typical Mississippian......generous to a fault, I read somewhere that per capita folks from MS donate a higher percentage of their income to charity than any other state.

 

Your right about wanting to save more. Ever since I started saving mine Ive been wanting too keep breaking mile stones. My first was $500 then $600 and now $1000. Dont know when Ill reach it or if I ever will. You will want to keep saving.

 

once i save my money i just seem to wanna keep what i have saved and spend everything else i get

 

Saving is tough unless you have a longterm goal in mind, all this shortterm things are so fun though.
So as long as she gets a little bit of both it's be great.

 

She should give it to me

 

Why not a Ford Money market Account. It's been very good to me.
For Week Beginning June 27, 2005

Amount Invested Ford Money Market Account
Rate Yield
Up to $14,999 3.64% 3.70%
$15,000 to $49,999 3.79% 3.86%
$50,000 and Above 3.94% 4.01%


http://www.fordcredit.com/moneymarket/index.jhtml

 

Well, just to update on the money.... shes spent about $125 on herself. Shes a typical 13 year old girl, so she bought a couple CDs, some clothes and a purse.

She gave $100 to her sister, and she only spent $42 of that

So, she still has a little over $700 left. She said that she will save that amount. I think she did well---

 

at the time when I was looking into a large CD and a MMA, I was going to go with Ford, until I saw their CDs are not FDIC insured. Don't know if the MMA is or not. I know I'll probably never have to rely on the FDIC, but just in case.