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I graduate in May and my lease ends at the end of May. I have enough money in my checking account to cover rent, utilities, food and living expenses until I move out (and presumably back to my parents home). I then start graduate school out of the country, in Germany, in October. Right now I have $7,000 in my savings account and I don't know what to do with it. I'd like to do something with it short term (5-6 months, until I move to Germany which I'll then need this money) because I'm sure there are better options than just letting it sit in a savings account and grow a few pennies a month. What do you guys recommend that I do? It just needs to be short term and I would need to be able to access my money in September or October, and I don't want there to be any risk involved so no stock trading.
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Apr 2, 2010 22:38
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| # ¿ May 7, 2024 15:56 |
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moana posted:You could do a 6 month CD but honestly, the rates are so low right now (around 1%) that it probably wouldn't be worth the hassle. I'm no finance/business major but if I'm doing my math right based on what I remember (Pe^(rt)) then at that rate I would end up with $7035 after half a year. I don't think $35 is worth the time I'll invest going to the bank and filling out the paperwork. Are there no other options? Unless of course I can just sit at home and do it all online then well, that's $35 for pressing a button which I'm doing right now typing this, which isn't bad I guess.
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Apr 3, 2010 05:34
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I'm curious where you go where it's $5/bottle of Bud Light. I was in NYC a few weeks ago and I thought the whole "drinking in NYC is expensive" was grossly exaggerated. But then again I was drunk the times I was buying beer so who knows.
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Apr 28, 2010 05:50
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