This last year, for half of the year, we had a high interest savings account with WaMu.  That account held quarterly tax money for us while we waited for the payment cycle to kick in.  In the past that money sat in a savings account earning us nearly nothing.  That’s the power of letting money work for you while you work on something else.

The amount of money that fluctuated in that account was pretty substantial.  The account would go to almost zero every time we’d pay taxes, but then over several months time it would climb back up to make us more money each month.  This up coming year, assuming we’re able to have the whole year instead of half the year we should be good for closer to $180… at least in theory.

If you have money sitting in a ‘regular’ savings account I strongly recommend you find a higher interest account or a money market account.  It could mean the difference between $1.00 and $100.00.