Frugal Babe

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$750 in the Bank

August 7, 2007 By Frugal Babe

We sold our Oldsmobile on Sunday.   We were both kind of sad to see it go, but since my husband’s parents gave us their old car last month, we didn’t need the Oldsmobile anymore.   We sold it for $750, only $50 less than we were asking, so we were happy about the sale.   We posted the car on Craig’s List and it was gone in a just a few days.   The lady who bought it said that she had been to a casino the night before and had won the money there.   That’s good use of gambing money – much better than giving it all back to the casino with more bets!   She was thrilled with her new car, and we were thrilled to have the money.

I put the money in the bank today, which brings us much closer to being able to max out my husband’s IRA for the year.   We’ll open a Roth for him as soon as we have $1600 saved, and combined with the $200/month we put into his traditional IRA, we’ll max out his contribution for the year.   This will be the first year either of us has ever maxed out a retirement account – it feels great.

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