For awhile I've been contemplating opening an online savings account. I was leery of it for awhile- maybe it was my small fear of technology taking over the world.

But I doubled check the APR that my bank is offering and while it's higher than what many banks offer, it's still lower than what online banks offer.

So I applied for a Money Market Savings Account with GMAC. I'm opening the account with $500, the minimum required to avoid fees. After the account is opened, I will transfer the rest of what's in my savings to the online bank and close my regular savings.

On another note, I realized that it's been awhile since I've added my tips and whatnot into my Challenge money. I'll be leaving on Wednesday for D.C. for a week and decided to use my Challenge money for my trip. After rolling all the coins and counting up the loose bills, I came up $297. My goal was to bring $350, so I'll withdraw the remainding $53 from my checking. Any money left over from the trip I'll decide what to do with later.