Well today I opened a NEW savings account.

It is online and it is my Emergency Fund. It is for the first 3 months of Emergency. I plan to do the rest of it in CDs.

I guess there is some rule about transfering money from one Savings account to another, so I had to transfer the money from one savings account to my checking then once it clears, transfer it to the Emergency Fund Savings. (This could be faster but it is not because it is THREE seperate companys).

I was going to transfer the FULL 3 Months from the Savings account that feeds my Mortgage BUT there is a daily limit so I tranfered $4,580 and tomorrow I will transfer the remaining $2,000 to my checking. The remaining $500 came out of Checking which I used to open the account.

I left enough in my *pay the mortgage autodraft account* to pay the Mortgage through the end of August. Hopefully it will sell before that and then I can roll the remainder into CDs I am creating for the rest of my Emergency Fund. My thought is that I will need a place to temporarily hold the money from the sell of the house until I can open the CDs and that is what this saving account will serve as. If it does not sell prior to that then I will need to start putting money back into the account.

The CDs are going to be open with this company because there CDs pay higher then the other two.

The online account that my EF is in is earning .45 MORE than my Mortgage account is so that is why it will not be my Emergency Fund. I am sort of rethinking having my Slush fund through my Checking account Bank because that is really bad for interest, EF savings is 1.0 Higher. I might turn Mortgage Autopay into the slush fund later (once it is not longer being a Mortgage Autopay) then close the Slush Fund Savings.

The thing I have noticed is there is a limit to how much money you can transfer online each day and the CD's I want to create are larger than that amount SO It will take me 6 business days to transfer the money plus clearing time.

My Car Repair and Replacement Savings is with ING.
My Emergency Fund is with ING.
Both are more out of sight out of mind because car repairs are few and far between and the replacement is quite a few years off, and the EF well that is Emergency Only.

My Mortgage Autopay Savings is also the Bank I have my Credit Card through, that is why I am thinking that would make a better home for the slush fund. The Slush fund is for non-reguler expenses such as auto insurance and Car Tags which I tend to pay online using my Credit card so having the slush fund savings there would make paying the bill faster.
My Sons Braces account is at that same company BUT I am thinking maybe it is time to close the account there and open it at ING so it grows faster.

Well Tomorrow is another day....

One last note Spent $20. I registered for a 5K Run. My FIRST offical 5K Run. It is on Sept 18. I am pretty excited about it. I registered early so I could save on the registration fee. It goes up by $5 every month until Race and I registered online so I saved an additional $5. I get a Long Sleeve T shirt for finishing so basically I bought a $20 T Shirt that says "I ROCK" okay it does not actually say that I just think I rock for doing this!