Tim Dehring

Just a random guy with a website

Tag: capital one 360

52 Week Savings Challenge – January, 2020 Update

Keeping up with my progress on the 52 Week Savings Challenge, at the end of December I had a total of $91.15 saved up over the 3 months. Small change, sure, but it’ll definitely increase more this month and the following months.

In fact, this month alone will almost double the amount ($80 by the end of the month added to the account).

Luckily, the interest rate hasn’t dropped (yet, anyway). Here’s to the next update in February!

52 Week Savings Challenge – December, 2019 Update

Well, shit.

Here we are, 9 days until Christmas and I’ve yet to post anything in over a month. What better way than to show off my progress on my 52 week savings challenge?

As you can see in the screenshot above, I’m on track as of the end of November, with a total of $45.05 ($0.05 is the interest earned in October and November).

Unfortunately, interest rates dropped again, down to 1.70% APR (was 1.90% APR when I started). While it’s not huge drop, it just means my money isn’t earning as much as it could be.

I think that if I do this challenge again next year, I’ll invest the money instead of putting it into savings. We’ll see. I’ve got a lot to learn about the stock market first.

52 Week Savings Challenge – November, 2019 Update

It’s hard to believe, but I’m one month in on the 52 Week Savings Challenge. At the end of October, I have a whopping $10 saved. As seen below, I have a balance of $15 due to November 1st being a Friday and that is technically my week 5 deposit.

Not too shabby, and nothing exciting yet, but I’m happy that I’m on track to complete my goal by the end of September, 2020.

One minor detail I will add: I recently discovered Capital One offers a high APR for their savings accounts, which is titled “360 Performance Savings“. Since it syncs with Quicken (Marcus for some reason is not available), I switched to the Capital One account. It offers the same APR as Marcus so I’m not losing out on interest.

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