ING Direct Savings Subaccounts
My initial deposit in creating the ING Direct savings account has cleared and posted and is available for withdrawls, so I created the two subaccounts today, my daughter’s college fund and the annual household expenses subaccount.
I feel content now. It feels settled to have this done and set up and ready to grow. I am going to make the deposits to the kids’ accounts monthly when I pay the bills, basically treating the deposits every month as a bill so I will do it. Eventually I am going to set up automatic deposits but I have to figure out the best time to do that — my spouse gets paid biweekly which means it isn’t the same set day each month. We aren’t ahead enough that his paycheck dates don’t matter. 
And the ING accounts are already earning interest and growing. It looks good. 
~J
If you enjoyed this post, make sure you subscribe to my RSS feed!
July 5th, 2007 at 8:19 pm
One of the handiest things about ING (versus HSBC, where we have most of ours, a higher %, but not as handy, read on…) is that you can create those sub-accounts to help you with keeping track of what the money is set aside for.
Congratulations! Doesn’t it feel great to have something in savings?
July 5th, 2007 at 11:24 pm
Thanks
It is nice to be organized and have a little $ set aside. I almost feel like a real grownup