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Save Money, Make Money, Shop Early!
I hate to brag, but I've got just about 60% of my holiday shopping done. I really love the holidays, I love to bake and wrap presents and enjoy them, but when I'm fighting traffic and dealing with Mr & Mrs Crankypants at the mall, the enjoyment goes out the window.
How the heck did I get 60% of my holiday shopping done? Easy! I set up a holiday savings account with ING. I signed up online and have a certain amount deducted from my checking account every month and in October, I withdraw my holiday money and go to town. The malls are empty in October and I can get my shopping done lickety-split.
ING savings account. Not only is it flexible and allows me to set up automatic deductions, but there are a host of other benefits like:
- No minimum deposit
- No fees!
- Incredible 4.40% APY (Dude, my savings account at the credit union only gave me 1% and that is considered good!)
- 24 hour on-line account access
- FDIC Insured
ING account? It takes a few days to withdraw my money. While this might seem like a pain in the butt, it's actually a benefit for me. If it takes me a few days to make a withdrawal, I'm less inclined to take my money out. So my money stays in my account and gains a healthy interest rate and when Christmas comes around, I don't have to worry about shopping paycheck to paycheck, I get all my spending money in one chunk and get it all done early.
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Posted by Megan on November 15, 2006
Comments (5) | Tell a friend
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Comments
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Exactly why I started an ING account! Less easy access = less money spent! |
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Posted by Janet at November 15, 2006 9:33 AM
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Wow! What a great idea! its too late to start one this year, but we're definitely going to do it next year. |
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Posted by maria at November 15, 2006 9:52 AM
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You should really get an Emigrant Direct savings acct. Their savings rate is 5.05%. There's kind of a backdoor way to be able to transfer between the two (ING-->Emigrant) even tho they are both savings, I can tell you how if you want to get an emigrant acct. |
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Posted by goofy girl at November 15, 2006 10:21 AM
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This is a great idea! I've been wanting to do something like this for a very long time but didn't have time to research it. |
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Posted by Lauren at November 15, 2006 12:09 PM
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Yay! I have an ING account too and haven't taken any money out because it takes a few days to do so - a great deterrent! |
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Posted by Laura S. at November 15, 2006 11:06 PM
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