I agree in the buying sports tickets, I dont know how much rockets courtside tickets cost, but if you have extra money, that would be a nice idea. or buy a package to different games in the other level.
When you say you're meeting your savings target..do you mean saving for retirement (as in 15% of your income) or amount of dollars in savings? Because on top of saving 15% of your income for retirement (401K's, mutual funds, etc) you should also have 3-6 months worth of living expenses in a bank account that you can access for emergencies. In other words, if it costs you $3800 to live each month then you would want a minimum of (3-6 mo times 3800) $11,400 - $22,800 in the bank for emergencies (lose your job, air conditioner has to be replaced, medical emergency, new roof, etc). I have mine in an online money-market account rather than a plain savings account at a bank because it draws a better interest rate. I have a debit card, checks and online access for this account. I can withdraw or make transactions up to 5 times a month without any penalty - I usually have to use it about 2-3 times a year at most (car repair or A/C repair, etc) but then I put the money right back in to the account as soon as I can. If you already have this in place, put your money to work for you by investing in real estate, or saving to pay cash for things like vacations, cars, etc.
Who is your money market account through and how much does it earn, if you don't mind? Is there an expense ratio? I was just looking at Vanguard, who I am leaning toward opening a Roth IRA with, but I'd also like to take some of my savings and put into a money market account...just wondering what's out there, if anything, without an expense ratio for that (money market). 5x a month withdrawal would be more than enough.
I'm with Capital One Online. It used to give me 5% interest back a few years ago when interest rates were higher, but it has come down quite a bit with prime. Still gives more than a regular savings account. You can compare rates and services with websites like bankrate.com or bankaholic.com to find the best rate now (probably about 1% until prime goes up again). The only downside with mine is that because its an Online Bank, its run separately from Capital One Bank, so I can't go to a Capital One branch for customer service..I have to call or go online. good luck
