Question about monthly finances. What would you do?

Question

What i've learned about finances tells me that you need an IRA with at least $1000 in it to get a good interest rate and to acutally make money. It also tells me that you have to keep up with monthly bills, and have a savings account for emergency items. I had several companies s***w me around on my IRA and now I need $250 to get it transfered to a more dependable company and to get the good interest rate. With Banks going under, I really need to get it out from under the bank it is in. In six weeks I will have the funds. The problem is that we keep having emergencies, like doctor visits that we pay out of pocket for and vehicle repairs that we really need that money to kept in savings for. Keeping it in savings would keep us from getting behind on our bills every month. WIth our finances everything is accounted for and there never is extra. I barely have the $20 a week to put into the savings. I do it regardless of how bad off we are for the week. What would you do?

Answer 1

If I were you, I'd worry about your current finances.  Once your credit score tanks, you will have to put up with high interest rates and not getting credit for a long time.  Keep current and put some into your savings.  Then, when you are ready, seek out a reliable financial consultant to help you get to where you want to be.  Don't rush into anything right now.  Do your research and find someone you can trust!