I have an actual MM question

[Deleted]

We'll be getting some large lump sum gifts from our parents in the next few weeks that are to cover wedding costs and a future down payment.

My question is: where I should put the money? I'd like to have a portion of it easily accessible for paying vendors and other wedding related costs. It'd be nice if the rest of it could be earning interest but also be accessible if necessary.

[Pom]

I'd look into a Money Market account. Honestly, there is not much interest to be had at the moment. Perhaps check your local bank or credit union for an deals on deposits? Or check bankrate.com for on-line banks with higher interest bearing accounts.

[Deleted]

I would do an ING/Shareholder account-- you can invest some in the market (conservatively if you wish, I believe they have money market accounts) but transfer back and forth to ING, which you can then access easily. (I have an ING checking account so I can write checks right out of there. It takes a click to transfer money back and forth).

I have a referral link if you need one.

[Deleted]

Money Market. But I would definitely use a credit card to pay all vendors you can. You never know when you might need to dispute a charge. Since you will have the cash sitting there, use a credit card with good rewards and then pay if off with your money market.

[Deleted]

May 21, 2012 11:02:54 GMT -5 dbsk8dance said:

Money Market. But I would definitely use a credit card to pay all vendors you can. You never know when you might need to dispute a charge. Since you will have the cash sitting there, use a credit card with good rewards and then pay if off with your money market.

That's what I've been doing so far, so I'm glad that it's a good idea. I figured it'd be easier to keep track of costs and dispute a charge if something goes wrong.

[Deleted]

Yes, tritto for paying vendors with credit cards. Plus its great to get points!

[Deleted]

May 21, 2012 10:59:09 GMT -5 @iheartcosmos said:

I would do an ING/Shareholder account-- you can invest some in the market (conservatively if you wish, I believe they have money market accounts) but transfer back and forth to ING, which you can then access easily. (I have an ING checking account so I can write checks right out of there. It takes a click to transfer money back and forth).

I have a referral link if you need one.

Thanks for the help! I'll talk with SO about it tonight and pm you if we decide to go with it.