I’ve decided to make a few changes in my goals for for the “Betterment” of myself. One goal, per The Minimalists, that I should set is a safety net of funds for the emergency situations, especially while I’m eliminating my debt which includes CCs and student loans, not that they are high or anything.
As of Friday, September 9, my first deposit will be initiated and invested the next day. I’m looking forward to seeing how this works. Of course, since I have to have a mode of transport which will be purchased October 10, I have created two goals with my investment account. One of those goals is for a $4000 Safety Net and the other is for the purchase of my new scooter at $903. Might as well get some money off of what I’m not using, right? At this time I am only allowing a direct withdrawal from my bank account in the bi-weekly amount of $125 totaling at $250 for the month. Of course, I will deposit more for the scooter purchase since it will be a couple of weeks, but this is just a start. More details and updates to come next week.
If you would like to review the website that I received this recommendation from, please visit The Minimalist’s website at http://www.theminimalists.com/finances/.
If you would like to review more information about betterment and receive six months free (no fees which is 0.35%/year if auto-deposit enabled at a minimum of $100 a month or $3/month if under $100 a month), please use the following link, https://www.betterment.com/invite/joshuameunier2.
Stay tuned for more updates.