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Withholding and CD Expiring

September 11th, 2015 at 01:54 pm

My husband did change the withholding on his W2 to 18 last week. The change is already showing on his paystub for pay on September 15. The goal was to avoid having any further withholding through the end of the year, as we have determined we have already paid enough to cover taxes on our return. The increase in pay is $259.32 each paycheck through January 1. This money is going straight to savings to pay ourselves back for tuition just paid.

We have a CD with Navy Federal Credit Union that is expiring on the 17th. It was a 5% interest CD for 12 months. The maximum we could invest was $5,000, which we did. That means $250 earned! I only wish all our money was earning this rate. I may invest in another CD with NFCU that has a maximum investment of $3K earning 3% for 12 months. Much better than 1% on savings. I'll get that all figured out once the CD matures next week. Does anyone know of any CD specials with secure banks earning a decent rate?

We will have a little spending tonight as we are going to an away high school football game to see our daughter perform with the marching band. Admission is $7 each. Plus concessions, we usually need a least a water since they won't let you bring any in and it's HOT here! I gave my daughter $15 since we weren't sure about dinner, but she thinks the band boosters are covering the cost of pizza for the group. (The game is 45 minutes away and they leave right after school...going to be a LONG night!)

Really hoping to keep the rest of the weekend LOW or NO spend!

3 Responses to “Withholding and CD Expiring”

  1. CB in the City Says:

    I'm surprised they won't even let you bring in water! Is that a security issue or a revenue issue? Smile

  2. creditcardfree Says:

    I'm sure it is a security issue primarily, but it sure helps with revenue. I try to remember we are supporting the kids! This happens at major universities as well, although occasionally suspended for very warm weather.

  3. FrugalTexan75 Says:

    Hope you have fun at the game!

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