Message from your President

SUBJECT: Summer checks

You will receive the form today asking if you want your summer checks every two weeks throughout the summer or if you want them in a lump sum at the beginning of the summer.

Here is a suggestion, for what it is worth. If you take your summer checks at the beginning, you can put them in a money market fund. (There is a good one in the NEA magazine you probably just received in the last few days, or go to nea.org.) These will earn you 5.12% interest on the money. You can then write yourself up to three checks a month from that account.

So, even if you are concerned about spending all of the money before the summer is over, just set yourself a schedule and write yourself a check out of the money market into your checking account every two weeks.

If you compare the interest in the money market to that in your checking (or even most savings accounts), this should earn you a few extra bucks.

Bill Hartje EEA's President