Post by puffandstuff on May 9, 2017 8:25:03 GMT -5
My mom opens accounts for all her grandchildren and has a payroll deductions to add to it every pay period. I have a payroll deduction going to those accounts as well.
We use a credit union. The president/CEO is Black.
My mom opens accounts for all her grandchildren and has a payroll deductions to add to it every pay period. I have a payroll deduction going to those accounts as well.
We use a credit union. The president/CEO is Black.
Post by rainbowbridge14 on May 9, 2017 9:27:59 GMT -5
My grandparents and some of my aunt's will give DD small amounts of money and we've started putting them in a savings account. We don't really have much to set aside out of our paychecks but we do collect bottles and cans for the cash return value and just decided that every time we do that we would put whatever we got into her savings. Even that small amount has added up quite a bit. We still bank with a giant evil Bank mostly because on the reservation where my in-laws live it is the only option and we need to have access to cash when we are there.
When baby arrives we will definitely start a savings account for baby girl. No black or minority owned banks in the OC. Boo!
The only black owned bank that I know if is One United. They have 2 branches in Boston. I think you can open an account online. I'd like to have another for comparison.
The grandparents are saving but we are focusing on paying off debt (mostly student loans). We did the Dave Ramsey Financial Peace University class and our goal is to pay off all debt (about 7 years to go if we don't hit the lottery 😭). After that we will pay off our house and focus on retirement and college savings.
I'm. O help. I'm about to cash out a 401k 🤷🏾♀️ Don't be like me!
This was kind of us too except for we drained ourselves and took on debt for IVF now have to claw our way back out of that hole. It's improving but we aren't back to saving with consistancy at all.
This was kind of us too except for we drained ourselves and took on debt for IVF now have to claw our way back out of that hole. It's improving but we aren't back to saving with consistancy at all.
Even with donated med meds wiped us out! Savings? What's that?
We don't have much of a savings right now, but we are putting money into our retirement plans. I have a 529 plan for DD, I had to open it with my job because I work at a financial company and can only have account types they offer, with them. I bank with a local credit union currently.
1st BFP: 07/24/2014 Due: 04/08/2015 MC: 08/31/2014 2nd BFP 10/22/2014 Due: 07/06/2015 Surprise preemie born 4/25/2015 at 29 weeks and 5 days My Rainbow is Here!
DD has a piggy bank in my moms china cabinet that I just throw change in when I have it, when people give her money, or for example, this year I actually put some extra cash in it out of my tax refund. I don't foresee her having much more than a saving account or checking account that I control since I have pretty much no savings, etc. So my near future goals are to pay down student loan debt, pay my car off, and grow my savings. More long term are retirement savings and (reach for the stars) buy a house.
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