Why I *heart* ING Direct

Advice from the Palmer: Get ING Direct account or something similar.

Internet banking…the way of the future.
The way of the future towards easy savings.

Last month I got stung with a $1K+ bill for property taxes. The first of two that will come in the year.

Now, before I go on, I do understand that I can set up monthly payments for this type of thing, so thank you.

However, I thought to myself “Self, how can I go about this smartly? Perhaps I should pull out the old tricks of when I was my own small business working for the Gov’t.”

So, I now put some of my own money into a savings account every week at ING Direct. I can make any number of accounts for free – so I set up one up with a description of PROPERTY TAXES and set up an autowithdrawal on it. The beauty of this is that I’ll make some money off of it from the interest.

Alright, it’s not much interest. Maybe I’ll make $40-$60 over the year.

But that’s still some cash in my pocket rather than money given to the MAN every month.

Some may laugh at myself doing this, but I’m going to set up accounts for all the little things that I have to save up for over the year. The next one will be for my driver’s license renewal. I hate when the birthday shows up and you have to fork out some cash to pay for your license plate renewal. With this system, I’ll just have to go into the account, deplete it, and start all over again.

I encourage those who are wanting to save money for specific uses (perhaps a wedding? Or a new car? Or a new Apple laptop?) – set up some free accounts at ING Direct with the direct withdrawal feature! She’s a beaut!