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Where is the best place to put cash if I need it quickly

Posted on 12/3/16 at 4:16 pm
Posted by tigers1956
baton rouge
Member since Oct 2008
4765 posts
Posted on 12/3/16 at 4:16 pm
I'm trying to help a family member who has screwed up her finances



Where can I deposit and withdraw money easily as I need too...and make some interest at the same time...I'm over 60
This post was edited on 12/3/16 at 4:19 pm
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 12/3/16 at 4:45 pm to
There isn't much with flexibility except a savings account,if you have slot they have premium options but they're still not anything worth getting excited about
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 12/3/16 at 8:37 pm to
Not trying to interject myself in family business but you did post this online for conversation.

Just know there is a 99.9% chance whatever money you give you will never get back.

And after this money is blown they will keep coming back for more and more till ultimately YOU are somehow the POS in the deal.

Just be careful sir
Posted by WhiskeyDick
shite Poster
Member since Sep 2014
1354 posts
Posted on 12/4/16 at 6:55 am to
On the same note, its better to ask what emergency bills need paid and pay them directly vs giving them a blank check. From my experience, if people are hurting financially then they usually had poor money management skills to get there. Throw them a lifevest, but not a raft. They'll end up getting comfortable from the bailout and sink it again. Instead, pay directly and make the one stipulation be that they must open up their books to you so that you can help them budget and get out of this mess. As a wise chinaman once said "Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime".

Trust me on this, and learn from my mistakes.
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 12/4/16 at 12:04 pm to
quote:

chinaman


Posted by carguymatt
Member since Jun 2015
538 posts
Posted on 12/4/16 at 12:59 pm to
why would you help a family member that messed up their money? that's their problem.
Posted by BigAppleTiger
New York City
Member since Dec 2008
10374 posts
Posted on 12/4/16 at 4:06 pm to
[quote]why would you help a family member that messed up their money? that's their problem.
[/quote/]


Compassion?























This post was edited on 12/4/16 at 4:08 pm
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 12/4/16 at 11:45 pm to
The chinese are mentioned in the Holy Bible?
Posted by ItzMe1972
Member since Dec 2013
9774 posts
Posted on 12/4/16 at 11:53 pm to
The OP did not say whose money would be deposited.

I assumed it was the family member's and he was going to manage it for them.

Can we get some clarification?
Posted by The Easter Bunny
Minnesota
Member since Jan 2005
45566 posts
Posted on 12/5/16 at 7:48 am to
Go online money market account and get 1% on your money
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