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re: Where do you park your money that you are saving to put towards a down payment on a house
Posted on 1/27/18 at 8:33 am to Moots
Posted on 1/27/18 at 8:33 am to Moots
The only downsides to doing this are (a) making sure you check those accounts regularly and (b) potentially tax filings trying to keep track of 1099s.
If you want to do this, make sure you have yourself set up to monitor each account to ensure there is no frickery. Mint is a good tool for this.
If you want to do this, make sure you have yourself set up to monitor each account to ensure there is no frickery. Mint is a good tool for this.
1
Posted on 1/27/18 at 9:39 am to CorporateTiger
I agree. I’ve had mint for a few years for that very reason. If anything does look odd on it then I can just go to the specific account.
As long as they’ll pay 5% and it’s FDIC insured I’m willing to put a little more work in. Even after I get a house I’ll likely keep them for emergency fund savings.
As long as they’ll pay 5% and it’s FDIC insured I’m willing to put a little more work in. Even after I get a house I’ll likely keep them for emergency fund savings.
This post was edited on 1/27/18 at 9:42 am
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