- March 20, 2008 at 5:15 pm #256833
I have an ING account it’s awesome!
It’s a savings account that is tied up to your checking account. It gets better rates than your bank 3% right now verses .2%
That’s not the main reason I use it.
I use it because it keeps all of my savings accounttypesseperate.
I havethe following little”sub” accounts
1)Emergency Savings Account (highest amount in it)
2) Car Fund Account
3) Vacation Account
4)My Wife’s Account from babysitting money
5) My kids individual savings account
It’s sweet you can make as many “sub” accounts as you want and transfer back and forth between your
I have our car fund setup on an “automatic savings plan” since I don’t want to pay for a car payment ever again!
This could work with other things like a Christmas account, or say a Vacation Account.
From: sharon smith-scottQuote:To: firstname.lastname@example.org
Sent: Thursday, March 20, 2008 4:52 PM
Subject: Budget101.com : ing account
i have been thinking about starting an ing account. please tell me about it .
What will you be doing with the Tax Rebate money in May/June?
1) Make donation to local Humane Society to help w/building fund (probably enough $ for one brick, but you’ve gotta start some where)
2) call around to see if we can get a discount on any of our monthly bills (car insurance, etc) by paying 6mo or a year in full by using the Stimulus money…if so, take advantage of that.
3)Plan to over fill or at least well stock the freezer/pantry.
4)Pay in full some smaller bills sowe’ll be done with that debt and can roll the small payments into a bigger payment on a bigger debt.
5)Will fundING account and get it started for long term savings.
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