Home > not so easy this time

not so easy this time

January 23rd, 2007 at 05:34 am

Saving log - see below
Spending log - $1.36 coffee, 11$ lunch

Well I deposited the 3rd distribution of the estate today (its not really an advance any more). It seems to be more difficult to put it in. The difficulty isn't with me particularly, it seems like the bank is getting tighter. I know you all should have such problems! Big Grin

I put the 25K into my checking account, dangerous to many, but not really to me - I know what I want to do with it.

It went into the bank just fine, but due to the size of the check, the bank is putting a 5 business day hold on the first 5K, a 10 business day hold on the rest. That didn't seem to happen last year. So the money has to wait in the bank until early February.

My plan is to put 20K into my taxable Vanguard account, but that will be delayed too, because I sold 4K worth to put into my Roth IRA. A noble goal, but I now can't do anything for 60 days, until early March. I could keep that 20K in ING, but perhaps I should put it in another 4 week T-bill, if the interest rate is a shade higher.

Of the other 5K, I plan on putting 1.5K into gym class/ personal training, and the last 3.5K into ING with the expectation that I'll be using the money for the Paris trip.

It seems so odd to be writing about such a large sum of money when it seems many here are struggling. Let me know if I am offensive.

9 Responses to “not so easy this time”

  1. shiela Says:

    Nah, you deserve it. Don't feel guilty because you got money, enjoy it.

  2. LuckyRobin Says:

    Yes, you have the money, but the trade off is that your family member isn't alive anymore, so...well, I don't envy that and I'm sure it makes you sad a little each time you get money from the estate. I know that I and my sisters are in for a boatload of money when my folks go (I'm the executor so I know how much they have) and sure it would be nice to have all that money, but I want them here as long as possible, you know?

  3. mbkonef Says:

    I agree with LuckyRobin. It is a mixed blessing but since you have it, you should be able to write about it and enjoy it. We are having a hard time right now but I know it is only a matter of time before DH finds the right job and things turn around. I certainly don't begrudge others their financial success or windfalls.

  4. boomeyers Says:

    I am thrilled if anyone gets a windfall. It is a blessing! And by the looks of it, you are being very responsible in saving it!

  5. Ima saver Says:

    I kind of know how you feel. I just closed on a house we built and I got a check for almost $400,000 to put in the bank. However, we will need quite a bit of that to buy property and build the next house. It is nice to earn all that interest.

  6. mjrube94 Says:

    Everybody on this site is at a different place...we all want to maximize what we have, no matter how much. I'm the executor for my father's estate when he goes, and am planning on using your blog for inspiration. (Between that and the weight loss, I'll be reading your blog more than my own)!

  7. fairy74 Says:

    I agree with mjrube everyone is at their own level here. Good luck with all your plans!

  8. princessperky Says:

    Not offended, happy for you.

  9. baselle Says:

    Say Ima Saver - where do you put 400K? Do you split it between 4 bank accounts to keep it below the FDIC limit of 100K?

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