Apr 1st, 2008
ING is perfect for hiding money
And by hiding money I mean from yourself. I am great about paying bills, doing my investments, etc but one thing I am aboslutely terrible at is golf. No just kidding, Im getting a lot better at golf, what I am actually referring to is setting aside money into a saving account. This is why I absolutely LOVE having an ING account. If I keep it in my wells fargo account which I dilligently track I am often tempted to transfer it back from my savings into my checking and invest it, spend it, or otherwise not have it around anymore. This leaves me with an interesting problem. I want to save some cash but I do not want it readily available. Luckily for me and other savings avoiders I have come up with a solution. Actually its a pretty simple solution.
Open a savings account at a different bank.
Yeah I know, its not exactly Einstein solving mass to energy conversion but it works nonetheless. My personal suggestion is open an ING savings account. With ING I have it automatically withdraw money every paycheck so I never even see the money. If I wanted to transfer the money I would have to log in to ING, and manually transfer it back to wells fargo. This little thing alone is enough to kill the temptation.
Added bonus: You get WAY better interest at ING than you do with a standard bank checking account. So basically I get to kill three birds with one stone. Now open an account there right now. (see link in my sidecare). If you open an account with $250 we both get a bonus too!
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