A change I'm going to make

[manglicmot]

Wow, thanks, that looks good too, and safer than mutual funds. I didn't see what the minimum is to open an account at Emigrant Bank though?

[SinkingFast]

ING pays right at 5% (4.9%??) on regular savings. Emigrant Bank also does online Savings and they're a tad higher. 5.05%. Both are low Opens.

https://www.emigrantdirect.com/Emigr..._source=Google

I know I asked our local Bank about opening a regular "Passbook" savings acct and they don't offer those anymore. The lowest starting balance savings program our Bank has requires $2500 to Open. UGH!!

[manglicmot]

Wow, I am doing more research into mutual funds and I found another family of funds that has a $500 minimum. Here: http://www.homesteadfunds.com/home/index.htm

If anybody else knows of any mutual funds that have this low of a minimum investment, post it here. I would guess that most BK filers are pretty low on cash after it's over, this could be a good resource for people who want to save and invest.

[manglicmot]

is to start saving. I'm not going to open a retirement account. Contrary to popular belief social security is not going to go broke and serves it's purpose as a retirement account. The purpose of a savings account is to have money for an emergency and I don't want to pay penalties to get it such as I would if I had it in a 401k or an IRA.

I'm going to invest in one of the Excelsior funds. http://www.excelsiorfunds.com/month_end_domestic.asp

They have a low minimum, $500, and they have an automatic investment program where they will deduct my checking account every month for as little as $50. I will probably invest in the Mid-Cap Value and Restructuring fund, but I need to think about it some more, all of the funds look good to me.

My C7 case will be filed in the middle of April, I wonder how long I should wait before I invest? Until after the 341, until discharge, or until closing?