On Saturday, Trent at the Simple Dollar blogged about frugality and social giving. I've been pondering something related for a few weeks—giving to charity and getting compound interest. You see, I'm 22 years old. This gives me a tremendous edge with compounding. Starting me investing now can make a big difference compared with investing later.
50th post, woot!
First good thing in the financial sphere:
Something I think I'd forgotten to mention was that I promised myself to get $1000 of our cash cushion into a CD by my birthday. Well, my birthday was Thursday and I got it into an ING CD on Tuesday! Now it's earning 5.25% APY. It's a 12 month CD, so when we pull it out we'll have another $52.50. That's not much, but if we don't need it, we'll reinvest it in a CD and so forth. We'll probably take the earnings and add it to our mutual fund portfolio or somesuch.
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