Eating well

[bill_schubert]

The HEB and Paypal 4% savings test was successful.  I scraped off the $28.44 that $2000 earned in the HEB account since over $2k is only a 1%.  And I left the $.17 in Paypal that $200 earned in a month or so in the savings account.  There is no limit in the Paypal account so the FDIC maximum is basically the limit.

 

Not a huge amount of money but zero pain in using systems I already use in a slightly different way.  So much better than creating new accounts in banks I don't know but I really hate getting 1% or less on money in savings accounts so this is a good experiment and an easy program to maximize my money sitting around.

I'll likely put any savings I scrape together into the Paypal savings account.  The slow transfer actually works to my advantage dampening impulsive savings usage.

 

Meanwhile after the Tennis Channel debacle I had transferred that money into regular Paypal (not savings) and was going to use it for glasses and then decided that I didn't really NEED glasses but I was going to need a replacement for my three year old Sketchers slipons that I've had for three years.   In my mind I rededicated that money and then haven't been able to find suitable shoes.  Still working on that.

And while that was percolating I discovered that Paypal had used most of the hard earned Prolific money I was spending in my mind for other things on my latest HomeChef order.  On the good side I worked on Prolific and bought us 8 good meals.  Not bad.  

Today's goal is to return the shoes to the Amazon return and cut the grass.  

 

Comments

[solteronita]

Perfect timing of information for me! I've been toying with a higher-interest savings account for the little cash I get from Prolific and whatnot but also didn't want to open up an account somewhere new and didn't realize Paypal had the savings account option since I have a Business account (that I no longer need to be a business account) that doesn't provide that option. Just need to downgrade to a personal account and I'll be set. Problem solved!

[bill_schubert]

Oh, good. The Paypal account is a front end for Synchrony Bank, the same bank that loans money in the name of Google and Lowe's and a bunch of other companies like that.
They are stable and backed as a real bank by FDIC.

[mrdreamjeans]

What is Prolific?

[bill_schubert]

https://www.prolific.co/

Longer reply

[bill_schubert]

I've been using Prolific for about 5 years now or 1500 pounds sterling. It is British so you earn in pounds and cash out to PayPal who converts it to dollars before sending it to your bank account.

Some of that five years I've ignored it. You can do some of the studies then not. As long as you keep your successful completion up to 95% or better by actually reading the studies and responding honestly you can stay in their good graces. It is not a huge way to make any money and many of the studies are mind numbing. In fact, most of them are. But there are always a few that are fun. I usually try to hit the ones that are 10 or 15 minutes for max money but sometimes take longer ones or longitudinal studies. I've hit a few of the latter that have been fun and lucrative.

Typically I'll decide I want something (like the Tennis Channel) and hit the studies. It takes me maybe a couple of weeks to hit 100 pounds without much effort. So I've got an achievable goal. That makes if fun. The Tennis Channel was a bust. It is run by an off shore company (China, I think) and they do a crappy job charging extra for using PayPal, etc. I dumped them and got my money back.

But now I need a new sun shirt and some slip in shoes so I need to do another couple of weeks of work.