Dimples' Divine Domain
My journey to financial empowerment.

So today I decided to start teaching my daughter a lil about finances. She is 4 years old now and I am realizing she knows more about money and how it works than I thought. So with that said I have set her up on a weekly allowance of $2. Of course this will not be free money. She will have a list of shores to complete every Saturday and once she does them all she can get her allowance. I am going to buy her a piggy bank this week. I don't want the old fashioned one. Hopefully I can find something that is similar to a bank or vending machine. I will set up a savings account for her and we will make deposit every month or so. This will teach her abouts saving her money. And I think I will set up a day every two weeks for us to go to the store so she can purchase something with her new earned money. Only thing I need to figure out is what bank to open her account with. Needs to be one that is open on Saturdays so my sweet pea wont be overwhelmed by too many customers and c...

I opened two savings accounts last night. One will be for my Emergency Fund and the other for my Home Purchase Fund. And I also made $75 in the process. I used ING Direct for my Emergency Fund and got a $25 bonus with only $1 opening deposit. I used Citibank Ultimate Savings for my Home Purchase Fund. I will be receiving $50 in 90 days and I only opened the account up with $1. I will fund my accounts starting next month. This month is pretty tight because of the move and the costs associated. But starting April my plan is to put away $50 a month into each account. Thats $100 towards savings a month. Doing that I should have at least $400 in each account by December. I am not worried because I know I will reach my goal balances in each account by February 2008. I still have bonuses from work (done twice a year and range from $1K to $25K) and my 2007 tax refund to take into account. So I am not worried. I need to focus as much of my left over income towards my credit card debt...