gimmeaQ
Opal
Posts: 7,767 Likes: 34,951 
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Post by gimmeaQ on Jan 8, 2018 11:02:49 GMT -6
Can someone tell me what to do with my child's money? My MIL gave my oldest daughter 5k when she was born. I put the funds in a 60 month CD with Capital One. The money will reinvest on 1/23 if I don't make a change. The annual percentage yield is .90% so it will have earned $229.25 over the 60 months. Should I be doing something different? What do you want to do with the money? College fund?
For longer term, I'd put into something that will give you better return (we have our kids' savings in a mutual fund account). If you want it for spending money in the short term, I would guess you could find something better than a 0.9% but I'm not an expert
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Post by Lord Disick on Jan 8, 2018 11:03:10 GMT -6
I didn't know that's where you were going! Tell them I said hi and I'm thinking of them <3 Question for learning—is use of “them” to be gender neutral or are you referring to Bay +1? It's gender neutral. |
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Post by Lord Disick on Jan 8, 2018 11:04:58 GMT -6
That seems like a really low return for 5 years. Is that what the current rate is if you renew? I would talk to someone at the bank about doing something else or check out online banks for a better rate. You should open an account at Vanguard for her and put it in Total Stock Market Fund or whichever index fund they have that tracks the market. It should be in stocks somewhere unless you need that money right away and Vanguard index funds are super low cost. I'm going to do this because we keep putting money people give us for C into our savings account. |
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pobre
Ruby
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Likes: 203,603
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Post by pobre on Jan 8, 2018 11:05:31 GMT -6
I didn't know that's where you were going! Tell them I said hi and I'm thinking of them <3 Question for learning—is use of “them” to be gender neutral or are you referring to Bay +1? It's their preferred pronoun, so I'm using it. |
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Post by chickenonsunday on Jan 8, 2018 11:06:10 GMT -6
Can someone tell me what to do with my child's money? My MIL gave my oldest daughter 5k when she was born. I put the funds in a 60 month CD with Capital One. The money will reinvest on 1/23 if I don't make a change. The annual percentage yield is .90% so it will have earned $229.25 over the 60 months. Should I be doing something different? That seems like a really low return for 5 years. Is that what the current rate is if you renew? I would talk to someone at the bank about doing something else or check out online banks for a better rate. I use Capital One for our savings accounts. I originally put the money in an ING account and then that company got bought out by Capital One. Honestly, I'm super lazy and I'm not even sure if Wells Fargo has better rates for savings or a CD. Guess I need to check with them first. I see this money being used for their college funds. My MIL didn't give us 5k when my younger daughter was born so my plan is to split the money between the two. |
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shadows
Sapphire
Posts: 3,411
Likes: 8,559
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Post by shadows on Jan 8, 2018 11:09:47 GMT -6
shadows I get it; it is a weird (but wonderful!!!) spot to be in. Most of my family (mom's side) lives in Alabama and I grew up chanting Roll Tide! My stepfather, an amazingly generous man that none the less killed my 18 year old dream of going to Alabama. I wouldn't trade my time in Athens for the world; but ... H and I will most probably watch two tvs tonight to ensure no arguments occur. *my team will one no matter what! I was really just giving you a hard time. Although, Athens is 1000x better than Tuscaloosa, so I think you made the right choice there. GO DAWGS!!! |
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Post by chickenonsunday on Jan 8, 2018 11:11:39 GMT -6
That seems like a really low return for 5 years. Is that what the current rate is if you renew? I would talk to someone at the bank about doing something else or check out online banks for a better rate. You should open an account at Vanguard for her and put it in Total Stock Market Fund or whichever index fund they have that tracks the market. It should be in stocks somewhere unless you need that money right away and Vanguard index funds are super low cost. Vanguard is a good idea. I have a Roth IRA with them from money that my aunt gave to us 10+ years ago. I think it has performed well with little to no maintenance. |
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Post by mothafuckinteatime on Jan 8, 2018 11:11:58 GMT -6
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mack
Amethyst
Posts: 6,437
Likes: 49,767
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Post by mack on Jan 8, 2018 11:12:49 GMT -6
I'm here to help take care of my Bay after top surgery. Today we live it up and tomorrow is new exciting start. I'm so happy and proud of them. Please tell them hello and best wishes! I have been thinking about them and wondering how they were doing! |
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Post by Lord Disick on Jan 8, 2018 11:14:28 GMT -6
I'm going to do this because we keep putting money people give us for C into our savings account. We've been doing this too, and we also need to figure out a better long term plan. I tried to open a savings account for him at our bank and they were like, "sit down, this will only take an hour." LOL. |
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Post by Lord Disick on Jan 8, 2018 11:15:27 GMT -6
I was up half the night with more BH, so I'm dragging today. I also have a new lovely stabbing feeling in my groin, not to be confused with the other two types of groin stabbing pains I've had during this pregnancy. I'm going to buy myself lunch today to lift my spirits but I need to decide between mexican or thai. Thai. |
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Post by darcyjulep on Jan 8, 2018 11:16:51 GMT -6
You should open an account at Vanguard for her and put it in Total Stock Market Fund or whichever index fund they have that tracks the market. It should be in stocks somewhere unless you need that money right away and Vanguard index funds are super low cost. Vanguard is a good idea. I have a Roth IRA with them from money that my aunt gave to us 10+ years ago. I think it has performed well with little to no maintenance. Vanguard is a great option to start with. If you ARE planning to use the money for private school and/or college education expenses, I would recommend a 529. Start by looking at your state's offered plans, and if you are not in a state with income taxes, consider using the Utah 529 plan (uesp.org). The 529 can be opened for the benefit of your oldest, and if she doesn't use the funds for her own education, it can be transferred to benefit your youngest in the future - having only one account will save a few bucks in annual fees. |
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Post by Deleted on Jan 8, 2018 11:20:06 GMT -6
Hello. Day 3 of Nurse Hilarity and there are already cracks in the foundation. It's not helping that we are 1) cutting back the opioids today 2) school and daycare are both canceled and therefore we are all still in this house together 3) city is in an absolute state of mayhem over the college football championship game tonight and is Fucking up traffic patterns and general life. You have my sympathy. My DH has had a few very tough surgeries as well. I know he was really in pain but that doesn't mean he wasn't exhausting, lol. At least I didn't have kids to add to the mix. Hang in there. |
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gimmeaQ
Opal
Posts: 7,767 Likes: 34,951
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Post by gimmeaQ on Jan 8, 2018 11:20:43 GMT -6
Daycare gave the baby, who is recovering from the GI bug, fruit and cereal after I asked them not to. So he threw up. And now I have to go get him.
I am... not thrilled.
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Post by angelashly on Jan 8, 2018 11:30:43 GMT -6
I was up half the night with more BH, so I'm dragging today. I also have a new lovely stabbing feeling in my groin, not to be confused with the other two types of groin stabbing pains I've had during this pregnancy. I'm going to buy myself lunch today to lift my spirits but I need to decide between mexican or thai. Mexican |
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piratecat
Diamond
Posts: 36,214 Likes: 144,526
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Post by piratecat on Jan 8, 2018 11:35:43 GMT -6
Daycare gave the baby, who is recovering from the GI bug, fruit and cereal after I asked them not to. So he threw up. And now I have to go get him. I am... not thrilled. Oh no! I hope he gets better soon! |
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Tlex
Ruby
Posts: 22,759
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Post by Tlex on Jan 8, 2018 11:46:54 GMT -6
Ok WWGDD: one of the things that has me absolutely frazzled is that my phone is being called off the hook by debt collectors for some lady that used to have this number. It's making me physically ill because it's triggering, but also it's just like, exhausting. They call at all hours, they even text.
Should I get a new number? It's such a hassle and I dread that too. Letting all my contacts know, updating everything from doctors to resumes to daycare to public health to student loan services to omg there are so many and I already just did this recently when we moved.
I'm overwhelmed either way. And yes I know this isn't a huge grand scheme of life issue but because my anxiety is bad right now it feels like it is.
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McBenny
Unicorn
#sickomode
Posts: 52,277
Likes: 297,022
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Post by McBenny on Jan 8, 2018 11:51:08 GMT -6
Who is them? Did I miss a post? page 5
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NamasteBirches
Global Moderator 
Echelon ♥️, Family LIfe
yo
Posts: 7,622
Likes: 18,030
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Post by NamasteBirches on Jan 8, 2018 11:53:31 GMT -6
DS & I have been watching Ellen's Game of Games while he plays & makes a mess. I'm really in survival mode at this point.
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McBenny
Unicorn
#sickomode
Posts: 52,277
Likes: 297,022
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Post by McBenny on Jan 8, 2018 11:53:46 GMT -6
Can someone tell me what to do with my child's money? My MIL gave my oldest daughter 5k when she was born. I put the funds in a 60 month CD with Capital One. The money will reinvest on 1/23 if I don't make a change. The annual percentage yield is .90% so it will have earned $229.25 over the 60 months. Should I be doing something different? I would put it in account with more aggressive investing but if you're not into that sort of thing just another CD. |
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McBenny
Unicorn
#sickomode
Posts: 52,277
Likes: 297,022
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Post by McBenny on Jan 8, 2018 11:54:26 GMT -6
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McBenny
Unicorn
#sickomode
Posts: 52,277
Likes: 297,022
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Post by McBenny on Jan 8, 2018 11:56:38 GMT -6
Ok WWGDD: one of the things that has me absolutely frazzled is that my phone is being called off the hook by debt collectors for some lady that used to have this number. It's making me physically ill because it's triggering, but also it's just like, exhausting. They call at all hours, they even text. Should I get a new number? It's such a hassle and I dread that too. Letting all my contacts know, updating everything from doctors to resumes to daycare to public health to student loan services to omg there are so many and I already just did this recently when we moved. I'm overwhelmed either way. And yes I know this isn't a huge grand scheme of life issue but because my anxiety is bad right now it feels like it is. block them? |
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McBenny
Unicorn
#sickomode
Posts: 52,277
Likes: 297,022
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Post by McBenny on Jan 8, 2018 11:56:57 GMT -6
Hello. Day 3 of Nurse Hilarity and there are already cracks in the foundation. It's not helping that we are 1) cutting back the opioids today 2) school and daycare are both canceled and therefore we are all still in this house together 3) city is in an absolute state of mayhem over the college football championship game tonight and is Fucking up traffic patterns and general life. thoughts and prayers |
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Post by allthekristys on Jan 8, 2018 11:57:02 GMT -6
Ok WWGDD: one of the things that has me absolutely frazzled is that my phone is being called off the hook by debt collectors for some lady that used to have this number. It's making me physically ill because it's triggering, but also it's just like, exhausting. They call at all hours, they even text. Should I get a new number? It's such a hassle and I dread that too. Letting all my contacts know, updating everything from doctors to resumes to daycare to public health to student loan services to omg there are so many and I already just did this recently when we moved. I'm overwhelmed either way. And yes I know this isn't a huge grand scheme of life issue but because my anxiety is bad right now it feels like it is. They should stop calling you if you tell them you are not that person. At least in the US, not sure if different in Canada. You can also block the number. |
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Post by angelashly on Jan 8, 2018 11:58:18 GMT -6
Ok WWGDD: one of the things that has me absolutely frazzled is that my phone is being called off the hook by debt collectors for some lady that used to have this number. It's making me physically ill because it's triggering, but also it's just like, exhausting. They call at all hours, they even text. Should I get a new number? It's such a hassle and I dread that too. Letting all my contacts know, updating everything from doctors to resumes to daycare to public health to student loan services to omg there are so many and I already just did this recently when we moved. I'm overwhelmed either way. And yes I know this isn't a huge grand scheme of life issue but because my anxiety is bad right now it feels like it is. They should stop calling you if you tell them you are not that person. At least in the US, not sure if different in Canada. You can also block the number. Yes this. Have you told them you are not the person and to take you off their list? |
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Post by Deleted on Jan 8, 2018 11:58:57 GMT -6
Tlex, that happened to me on a landline, back when I first moved to my city. I just repeatedly told people that I wasn’t her when they called, that I had gotten a new number, blah, blah, blah. It just annoyed me, though, I didn’t find it triggering. It was back before I had a cell phone, so I’d get excited that someone was calling me, and then nothing. /anecdote only
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Post by readyornot on Jan 8, 2018 11:59:36 GMT -6
Tlex can you block the numbers in your phone? I do that with all telemarketers & that annoying recorded call telling me the FBI has issued a warrent for my arrest & is coming after me for not paying taxes
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Tlex
Ruby
Posts: 22,759
Likes: 154,991
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Post by Tlex on Jan 8, 2018 11:59:44 GMT -6
Yes I have said I am not her, and they seem to call MORE after I answer. And I've blocked but they keep switching numbers/even using local numbers.
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Post by Deleted on Jan 8, 2018 12:00:12 GMT -6
Ok WWGDD: one of the things that has me absolutely frazzled is that my phone is being called off the hook by debt collectors for some lady that used to have this number. It's making me physically ill because it's triggering, but also it's just like, exhausting. They call at all hours, they even text. Should I get a new number? It's such a hassle and I dread that too. Letting all my contacts know, updating everything from doctors to resumes to daycare to public health to student loan services to omg there are so many and I already just did this recently when we moved. I'm overwhelmed either way. And yes I know this isn't a huge grand scheme of life issue but because my anxiety is bad right now it feels like it is. Your number moved with you, right? I’d change numbers anyway just to have a more local contact. Or, block them. |
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Tlex
Ruby
Posts: 22,759
Likes: 154,991
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Post by Tlex on Jan 8, 2018 12:00:14 GMT -6
Tlex can you block the numbers in your phone? I do that with all telemarketers & that annoying recorded call telling me the FBI has issued a warrent for my arrest & is coming after me for not paying taxes Omg whaaaat I would legit vomit even if I *KNEW* that was phishing |
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