Getting rid of my debt is my primary goal but I need to start saving upcoming fixed expenses. If I don’t, it will end up becoming debt again. I have to save money for my car insurance and maintenance, tuition, and emergency fund. I will be using ING DIRECT as an easy and automatic way to accomplish this goal so I can focus my energy on developing other areas of my life.
I will use ING DIRECT to set up an account for each goal, one for my car insurance, another for future maintenance, tuition, and my emergency fund. ING DIRECT can automatically transfer money from one bank account to another. It’s simple to use and they offer a much better interest rate than what I can find in a brick and mortar bank like Bank of America and my local community bank. The only minor downside to using ING DIRECT is that I have to mail paper checks to them if I want to do a deposit. I rarely get physical checks. I use direct deposit and everything I do is electronic. If I do receive physical checks, I can just deposit them at Chase.
Planning my future expenses and putting it into savings accounts dedicated to each goal helps me develop a good savings habits and prevent me from acquiring new debt on my credit cards. Using ING DIRECT will help me earn more money with their high interest rates by making this task automatic and painless. It’ll save time and energy that I can use on developing other areas of my life.