As you might recall from past posts, I am a HUGE fan on ING Direct. ING is an online bank that allows you to set up unlimited, automated free savings accounts. By utilizing their free services, we were able to go from having very little savings to paying for over half of our new home in cash! The best part? We didn’t have to change any of our spending habits.
I have several separate accounts set up, and have a weekly set amount to be deposited into each one. In addition to large ones, such as general savings, retirement, and emergency, I also have smaller ones set up. These include things like auto repair, property taxes, vacations, and holidays. I select the amount of money I would like deposited each week and link it directly to my checking account.
If you would like to have Christmas cash without worrying about living paycheck to paycheck, now is the best time to start your account. There are approximately 26 weeks left in the shopping season, and here is the breakdown of what you can potentially save if you deposit weekly:
- $5 = $130
- $10 = $260
- $15 = $390
- $20 = $520
- $25 = $650
The best part is that it’s still easily accessible if you need it before then!
What are you waiting for? Sign up for a FREE Capital ONE 360 savings account today! I promise, you’ll thank me later.