First, I've been fortunate enough to have my tuition and room and board for college covered by my parents, and so I was able to graduate without any student loans or any other debts, for which I am extremely grateful. I also worked all throughout college, and so I was able to save up a little bit of money.
Here's the breakdown,
| Ally Bank | $9,463.75 | |
| MSUFCU | $3,627.72 | |
| PNC | $69.19 | |
| Etrade IRA | $4,728.73 | |
| Savings Bonds | $10,174.92 | |
| TOTAL | $28,064.31 | |
Analysis: I have recently opened up an account with Ally Bank, for two main reasons. One, the interest rate (currently 1.25%) far surpassed anything my traditional bank or credit union could offer, and second, because I loved the ability to split up accounts for different savings goals - in fact I have that money in Ally split into several categories - a general savings, emergency fund, house, car, travel, retirement, and rent.
My IRA is funded through a target date retirement fund, for which I use Etrade to manage - more on this later.
Why so many savings bonds? A couple of reasons -1 - my grandma always includes a savings bond with each birthday and Christmas present, so a tidy sum has been built up over time from that. 2 - The majority of the savings bonds - a bit over $9k, was a graduation gift from my parents when I graduated from college. My parents had been investing in these through the years to pay for my college, but when I actually got to college my Dad was fortunate enough (fortunate for me - hard work for him) to have a very successful job and therefore didnt need the bonds to pay for my tuition. So, upon my graduation, I was given them. I'll have another post on this later...
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