Wednesday, December 19, 2007

Sending My Money to Orangeburg

So I have an ING Electric Orange account. I have a few ING savings accounts that I sink funds into. I love how they let you open multiple savings accounts and nickname them what you want to call them. I like to name them like cute little places that my savings dollars can go to, some go to 'The Money Park', which is my general savings account, some of them are unfortunate enough that through no fault of their own, they go to the 'IRA Prison', where they await processing until they go off to be sequestered away from everything for the next 30 or 40 years.

Currently however, and somewhat ironically, most of my current savings dollars are stuck in Orangeburg. Orangeburg is a real bad place for a dollar to be, full of uncertainty of the possibility of being uprooted at any moment. It was named after the pipe material that constitutes my sewage tap. It turns out that way back in the 1950's, you know that grand utopia the neo-cons are trying to get us back to, there was a shortage of piping materials because all of the good stuff had been used in the wars and PVC hadn't been invented yet.

So some genius thought up this great idea that you could just take a bunch of paper, and basically roll it up, and coat it with tar, and THEN USE THE RESULT AS A PIPE MATERIAL. Crazy as it sounds the stuff last for 30 or 40 years. All of which is not really a such a big deal, except that some was used in my house. And Orangeburg was last used in the 70's.

Combine all that with the fact that it runs underneath my concrete driveway and you have the makings for a serious financial crisis in the making. It certainly is a liability as far as should I need to sell the house.

I just don't want to replace it before I have to.

My wife takes the opposite stance that it should be taken care of before it causes an inconvenience. A rather smelly and expensive inconvenience. There is much wisdom in considering that position. And no small percentage of that wisdom comes from the fact that it is simply my wife's opinion.

But the quandary is that fixing it outright would drain our emergency reserves when it is not quite yet an emergency. This is a foreseeable expense and could be planned for, until of course it actually became an emergency.

So I've started this savings account called Orangeburg. My dollars go there to await the day they get called upon to replace my sewer pipe. On that day, I am afraid, many will be lost. But with the ING accounts, I can set up an automatic draft to round up and conscript some of them each month that are currently wondering around without a purpose, until one day their time will come.

It will not be the most glorious way for one of my dollars to go out. But it will have to be done. Better that it earns me money now, than cost me money later. At least that's what I got to tell myself.

Hopefully I will believe it.

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