I’ve Paid For This Twice Already…

Archive for the ‘savings’ Category

Tricia at Blogging Away Debt has been hosting some of my ING $25 referrals since she used up all of her own. I got an email just now that someone used another one of my referrals, which means they got $25 and my daughter’s college account got $10. Thanks so much to whomever opened an account with my referral and happy saving!

I still have one more referral listed on Tricia’s site, if you open an ING Direct savings account with an initial deposit of at least $250, you will get a $25 bonus in your account and I will get a $10 bonus (deposited to my son’s college account). So if you’re thinking about opening an ING Direct savings account, check it out!

~J

Tricia at Blogging Away Debt has used up all her $25 bonus ING Online Savings account referral links, and, since I am one of the people who used one of her referrals to open an account, she offered to put some of my referrals on her site (which gets a whole lot more traffic than mine lol).

So if you’d like to open an ING online savings account with a minimum deposit of $250 or more, you can pick up a referral here that will give you a $25 bonus for opening the account (I get a $10 bonus deposited to one of my kid’s college accounts, I gave her two links, one for each kid). There is no minimum to create an ING savings account but to get the $25 bonus an initial deposit of $250 is required. So only use a link if you are depositing $250 or more.

The links are at the bottom of Tricia’s post. The post itself is very informative about ING and Virtual Bank (another bank Tricia uses) and may answer any questions you may have about ING.

If you use a referral link, I won’t know who you are or anything, I’ll just know one was used. I told Tricia I used one of her links which is how she knew about me. lol.

Thanks for saving! I have nothing but good things to say about my ING accounts!

~J

Edited to add: That was fast!! Someone already used the first link (as of 630pm on 7/20/07). Thanks so much! My son’s college account just got a little jolt . The other I sent to benefit my daughter’s college account is still left and I just sent her another for my son to replace the used one, so plenty of chances to get a $25 bonus .

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

I got an email from someone interested in seeing the baby clothes, specifically the 6-9 months stuff.  Since most of what the other woman bought was 0-6 month stuff, this is exciting since I still have a lot of that left!  Yay!

The ad that took me the least amount of time and thought is netting me the most interest and profit.  Imagine that.  lol

Initiated a transfer of $674.56 to the ING account today.  Once it posts (July 2 ING says) I will do the following:

Create a “daughter” subaccount and transfer $10 to it for the start of my daughter’s college fund (we all start somewhere).

Create a “household” subaccount and transfer $150 to it (spouse’s birthday money).  This will be our longer-term savings for home improvements, long term projects, etc.

That will leave $1039.56 in the main account (entitled “son”).  This is our son’s college savings account.  He is 2 1/2 years older so he has a little bit of a head start.  the $14.56 is the interest his old savings account had accrued.

This leaves $650 in our own bank savings account for our emergency fund, which I will bump up to $1000 (or as close as I can manage) when I get paid in July.  The ING “household” account for now will get any irregular expenses $$ we save up for things that happen annually that I budget for each month, to keep it separate from the emergency fund for now.  Eventually annual expenses will get saved in our regular bank savings, and a separate ING subaccount will be created for “emergency fund”.

Slowly I am getting everything in order.  I am going to start depositing just a little bit to each college savings every month.  I know it will slightly take away from the debt reduction BUT this is what *I* want to do.  It makes me feel better about things to be saving for them even a tiny bit at a time.  I wrote it into the budget.  Call it discretionary spending if you will.

Once we are out of debt that saving will increase substantially.

~J

Spouse got a check for his birthday from my parents. He is non-committal on what to do with it (spend, pay down debt, save for specific purchase) and said to just put it in savings while he thinks about it. Woowoo!

~J