Winning Ticket

 

I almost won the lottery last night. I’m not kidding.  I bought my very first lottery ticket ever, I was nice to people all day and in my head I promised to give the nice man who sold me the ticket 5K of the winnings. Karma was on my side, I was going to win!

I’ve never played the lottery before and I wasn’t quite sure of all the details. So I got on the Kansas Lottery website, found out when the winning numbers would be posted and how to claim my prize when I won.

When 9:10pm rolled around I was hitting refresh on my computer screen frantically waiting for my winning numbers. It was a rush I had spent all evening calculating all the money left over after paying off my bills. I was even taking out 40% for the taxes I would have to pay. I’m realistic I knew Uncle Sam would want his share, but I’m not greedy.  

I was going to be responsible with my lottery money. I was only going to give myself one good shopping day and after that putting the rest away for my son’s college and retirement. I wasn’t going to buy a new house or new car just pay off the ones I have and debt free I would get to DECIDE if I wanted to have a job!!

Sigh. Needless to say as I write this I didn’t win the lottery. I didn’t even get two numbers right that would have won me my dollar back that I spent. The numbers were posted at 9:16pm and they were not my numbers. I was a little disappointed that karma did not pull thru for me but I also hope that the winner somewhere out there would have been as responsible as me.

If this turbulent year in politics and finance has taught me anything it has been pay off the good times you already had so in the future you can have interest free good times. (I think those will feel better!)

 My short term goals have changed from leave the state of Kansas to live a fabulous life in Paris or Toronto to drive my car until it is paid off, then keep driving it until I can buy my next car with cash.

But one thing is for sure, someday I will buy another lottery ticket. All that dreaming was worth the dollar I paid for it!

FDIC Insurance Limits

As part of the FDIC’s temporary liquidity guarantee program, participating institutions get full FDIC coverage for non-interest bearing transaction deposit accounts, regardless of dollar amount, until December 31, 2009. For purposes of the rule, the FDIC’s definition of a non-interest bearing transaction account is a traditional checking account that allows for an unlimited number of deposits and withdrawals at any time, and pays no interest.

Central National Bank is participating in this program, so our customers get full FDIC coverage on every dollar in their non-interest bearing checking accounts, regardless of the account balance. Business accounts and personal accounts qualify for the unlimited coverage, as long as they are transaction accounts that do not earn interest.

To clarify: all of our bank deposit account types are FDIC insured up to the $250,000 limit per depositor. The unlimited coverage is only offered on our non-interest bearing transaction accounts.

 

FDIC’s Press Release: http://www.fdic.gov/news/news/press/2008/pr08105.html