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Originally Posted by Cynthetiq
I don't disagree with that thought....
I don't do well with having that extra money available to me, it won't get invested it will get spent. The discipline to save and invest is already being done, as is all merit increases no longer get included in spending. The extra $100-$200 I'd gather in interest would be great but the potential for pissing away a majority or a good piece of the intial $2000 isn't worth the risk.
IMO it's pretty much a wash.
Also, FWIW, my 3 91 day $3,000 CDs aren't making all that much. Again, the risk of spending the money far outweighs the benefits to me of the extra $100-$200, I'd rather conciously sacrifice going out/buying something
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I hear ya. If it's in my pocket it's gonna get spent.
If you have any kind of direct deposit or some banks/investment houses have a system that automatically transfers money, that's the way to do it.
Sometimes I just check my checking account right before I get paid and see if I have anything extra and just transfer the extra out of there.