Comments on: Financial Future in a Box http://thebillfold.com/2013/01/financial-future-in-a-box/ Everything About Money You Were Too Polite To Ask Sun, 26 May 2013 06:32:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: John Catlady Why@facebook http://thebillfold.com/2013/01/financial-future-in-a-box/#comment-29325 John Catlady Why@facebook Fri, 04 Jan 2013 01:41:51 +0000 http://thebillfold.com/?p=20796#comment-29325 @Blondsak (That is what I actually plan on doing. Shhh.) @Blondsak (That is what I actually plan on doing. Shhh.)

]]> By: sintaxis http://thebillfold.com/2013/01/financial-future-in-a-box/#comment-29287 sintaxis Thu, 03 Jan 2013 20:02:19 +0000 http://thebillfold.com/?p=20796#comment-29287 @ghechr Taxes were my first thought too. If he doesn't want to pay taxes that badly, he should invest in an IRA or something. Plus, you know, the reason people save money not in a shoebox: interest. @ghechr Taxes were my first thought too. If he doesn’t want to pay taxes that badly, he should invest in an IRA or something. Plus, you know, the reason people save money not in a shoebox: interest.

]]> By: josefinastrummer http://thebillfold.com/2013/01/financial-future-in-a-box/#comment-29270 josefinastrummer Thu, 03 Jan 2013 19:00:00 +0000 http://thebillfold.com/?p=20796#comment-29270 @highjump I was thinking about my renter's insurance last night and remembered that Katie Nolan and her sisters always had insurance. An excellent book and some good ideas on how to save money and food also! @highjump I was thinking about my renter’s insurance last night and remembered that Katie Nolan and her sisters always had insurance. An excellent book and some good ideas on how to save money and food also!

]]> By: ghechr http://thebillfold.com/2013/01/financial-future-in-a-box/#comment-29267 ghechr Thu, 03 Jan 2013 18:32:58 +0000 http://thebillfold.com/?p=20796#comment-29267 @Blondsak My impression is that he doesn't want to make any deposits in a bank because then the IRS can see that he is not reporting his complete income on his tax filings. @Blondsak My impression is that he doesn’t want to make any deposits in a bank because then the IRS can see that he is not reporting his complete income on his tax filings.

]]> By: highjump http://thebillfold.com/2013/01/financial-future-in-a-box/#comment-29260 highjump Thu, 03 Jan 2013 17:10:54 +0000 http://thebillfold.com/?p=20796#comment-29260 This reminds me of the can system in A Tree Grows in Brooklyn and was a lovely read. I suspect the author also knows this is not a perfect system. My suggestion would be opening up the box taking out approximately half the money, (just judge by volume or something so you don't get tempted by the riches) because it sounds like there is quite a bit, take it to your credit union and put it in a six or twelve month CD. Still not impossible to get to if you really needed it, but very secure medium/long term savings. This reminds me of the can system in A Tree Grows in Brooklyn and was a lovely read.

I suspect the author also knows this is not a perfect system. My suggestion would be opening up the box taking out approximately half the money, (just judge by volume or something so you don’t get tempted by the riches) because it sounds like there is quite a bit, take it to your credit union and put it in a six or twelve month CD. Still not impossible to get to if you really needed it, but very secure medium/long term savings.

]]> By: Blondsak http://thebillfold.com/2013/01/financial-future-in-a-box/#comment-29250 Blondsak Thu, 03 Jan 2013 16:10:20 +0000 http://thebillfold.com/?p=20796#comment-29250 As someone who also lived for years on cash tips, I have to ask: why not just go to your credit union every month or two and deposit the cash into your account(s)? I always kept enough cash on hand to have for going out, impulse buys, etc., but the idea of having all my savings stashed in my apartment was a little too worrisome for me. As someone who also lived for years on cash tips, I have to ask: why not just go to your credit union every month or two and deposit the cash into your account(s)? I always kept enough cash on hand to have for going out, impulse buys, etc., but the idea of having all my savings stashed in my apartment was a little too worrisome for me.

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