When I started working at the school I owed $5,500 in student loans and $8,100 on my credit card. I paid off the student loans in three months and if I pay off the credit card I will have paid off $13,600 in debt in less than 12 months.
The school is offering me a whole 38¢ more for next year!
That should be around $301 for the whole year. I have long thought that I would ask for a raise if I wasn't offered one, but I just wanted a quarter, more of a token than anything else. I still am not doing the job for the money, but I am not turning it down!
If I were to min-max my interest I would open an account with Mango ($2,500 @ 6%), five NetSpend and the DCU accounts ($1,000 each @ 5%), and Western Vista Credit Union Rewards Checking (up to $15,000 @ 4%).
I forgot Blue, for however much good an extra 1% interest would make for however long I have it in there, because nine accounts in nine months is not enough?
What would that do to my credit?
However, I estimate that I would earn $262.56 in interest in nine months.
Yeah, but I would almost earn that much with just the Western Vista account, right?
Is $62.49 less "Almost?"
If you set up automatic transfers the whole process would probably take half an hour total for $62.49, slightly more than you could get in the DCU account over a year.
The question is: What would I do with nearly $14,000 next summer?
That is 20% down on $70,000, not quite enough for this 520-square-foot house, which is going for $80,000, but who knows what real estate prices will do in over a year:
