Comments on: A savings account as a ‘waiting room’

By: Tara

Tara — Tue, 24 Jun 2008 23:32:49 +0000

To counter the not-saved-yet, I once was transferring the saved money straight to the “waiting room” savings account. I was amazed how fast it added up!

I used the amount on the bottom of the receipt telling me how much I had saved it total coupons. Easy, and no math.

And I agree completely on the easy ING sub-accounts!

By: Kookaburra

Kookaburra — Tue, 24 Jun 2008 21:24:46 +0000

Great thinking!

By: castocreations

castocreations — Tue, 24 Jun 2008 20:05:22 +0000

Oh wow...I've been doing this for years. Though I do it because if it's in the checking account it's fair game and too easy to spend. :)SO glad you put your EC widget back up! =Dcastocreations's last blog post..I'm an Old Fart

By: Kacie

Kacie — Tue, 24 Jun 2008 19:40:27 +0000

We have an ING checking/debit account as well.

Haven’t quite taken the step to have Shane’s check direct deposited there. I don’t know if we’ll move toward that someday, or if we’ll keep things as they are.

I love the subaccount feature within ING! It makes saving for various things much easier.

By: Joanna

Joanna — Tue, 24 Jun 2008 19:20:59 +0000

My husband's paycheck is directly deposited into ING for savings. This saves us the 5-7 days of transfer time.We decided to sign up for an ING checking account, so that, in the event of a Real Emergency where we need funds now, we have a debit card linked to the account with our Emergency Fund, and the funds we need can be transferred quickly, without the days-log waiting period. Also, we keep other savings "funds" in the checking account- our Vacation fund and our Gift fund, for example- so the money is being saved but isn't as readily accessible as it would be in our brick-and-mortar bank. The ING debit card is used expressedly for specific Vacation or Gift purchases- and we don't have to transfer the money beforehand (especially nice for gift shopping)Joanna's last blog post..People helping people