After last week’s post about CD laddering, a number of you suggested I check out Smarty Pig, as the rates on their savings account was competitive with the CD rates I had referenced. In fact, in nearly every case, Smarty Pig’s rate (2.15% APY, at the time of this writing) was much higher.
I deposited the minimum amount there quite a while ago in preparation for a review post (that never happened) here at Frugal Dad, and was initially attracted by their high rate. Upon returning, I was surprised to see it held up in this market of low interest rates. I am also intrigued by the social aspects of the account – being able to provide friends and family with a link to pitch in towards some defined savings goal. Imagine all those heading back to school who would benefit from a “Text Book Fund” where Aunts, Uncles and Grandparents could toss in a few bucks to go towards school expenses.
Anyone currently a Smarty Pig customer? I’d love to hear from someone using the social savings goal feature there.
The Frugal Roundup
How to Survive a Job Layoff: Next Steps? One of the biggest questions those who lose a job face is the dreaded “now what?” This post provides needed information to help prepare the growing number of Americans finding themselves out of work. (@Digerati Life)
5 Best Websites for Job Seekers. Following right up with a post that should help job seekers get back to work. When out of work, it’s a great idea to make your job finding a job, and these are a good place to start outside of your personal/professional network. (@Brip Blap)
Reader Question: I’ve Lost a Lot of Money in the Market. Should I Get Out? I moved what little I had in the market to cash some time ago, but am now picking my way through a couple solid dividend stocks that I believe have been beaten down unjustly and getting back in. (@Generation X Finance)
Making Your Time Less Money Dense. I generally try to maximize my time in the following manner: when working, I try to focus on those things that are most profitable. When at home, I focus on those things that most memorable. In between, I’m focusing on spending both time and money intentionally, on those things that matter most to me. (@The Simple Dollar)
Best of the Rest
It’s been a while since I lobbied you to join me on Facebook, but with a little help, the Frugal Dad fan page could soon reach 1,000 fans. If you happen to be on Facebook, I’d love it if you’d stop by and say hello.