Comments on: My Multiple Savings Accounts (and how to get your own) http://www.thefrugalgirl.com/2009/07/my-multiple-savings-accounts-and-how-to-get-your-own/ cheerfully living on less Thu, 09 Feb 2012 02:32:31 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Monique DiCarlo http://www.thefrugalgirl.com/2009/07/my-multiple-savings-accounts-and-how-to-get-your-own/#comment-129912 Monique DiCarlo Tue, 18 Oct 2011 19:42:28 +0000 http://www.thefrugalgirl.com/?p=2746#comment-129912 I was wondering if you use the special ING kids college savings account that they have, or do you put money for education in a regular account for them? I was wondering if you use the special ING kids college savings account that they have, or do you put money for education in a regular account for them?

]]> By: Anna http://www.thefrugalgirl.com/2009/07/my-multiple-savings-accounts-and-how-to-get-your-own/#comment-71708 Anna Mon, 17 Jan 2011 21:19:02 +0000 http://www.thefrugalgirl.com/?p=2746#comment-71708 We made a "miscellaneous" category and allocate money each month for the unexpected or irregular stuff that comes up (oil change, gifts, extra gas $$, tires, medicines). We were always out of the ordinary things come up and we would put it on the credit card and pay it off the next month, but it would then mess with the next month's budget. Having some extra money just for that stuff has eliminated most of that and if we don't use it all we either save it or do something fun as a family with what is left at the end of the month. We made a “miscellaneous” category and allocate money each month for the unexpected or irregular stuff that comes up (oil change, gifts, extra gas $$, tires, medicines). We were always out of the ordinary things come up and we would put it on the credit card and pay it off the next month, but it would then mess with the next month’s budget. Having some extra money just for that stuff has eliminated most of that and if we don’t use it all we either save it or do something fun as a family with what is left at the end of the month.

]]> By: Darlene C http://www.thefrugalgirl.com/2009/07/my-multiple-savings-accounts-and-how-to-get-your-own/#comment-71672 Darlene C Mon, 17 Jan 2011 15:50:25 +0000 http://www.thefrugalgirl.com/?p=2746#comment-71672 I'm confused. Everytime I tried to budget in categories it was fruitless because if I had an expense in one category I just had to keep shifting the distribution around and ended up spending all the money anyway. If you have it categorized but have an expense you need to spend the money no matter what category it is in. How does it help to set up different categories? Help?? I’m confused. Everytime I tried to budget in categories it was fruitless because if I had an expense in one category I just had to keep shifting the distribution around and ended up spending all the money anyway. If you have it categorized but have an expense you need to spend the money no matter what category it is in. How does it help to set up different categories? Help??

]]> By: Bill at FamZoo http://www.thefrugalgirl.com/2009/07/my-multiple-savings-accounts-and-how-to-get-your-own/#comment-71045 Bill at FamZoo Wed, 12 Jan 2011 18:24:25 +0000 http://www.thefrugalgirl.com/?p=2746#comment-71045 Just got to this post via a link on one of your more recent posts - love your system described here and have enjoyed browsing your site. Keep up the great work. Cheers, Bill Just got to this post via a link on one of your more recent posts – love your system described here and have enjoyed browsing your site. Keep up the great work.

Cheers,
Bill

]]> By: Amanda Y. http://www.thefrugalgirl.com/2009/07/my-multiple-savings-accounts-and-how-to-get-your-own/#comment-70765 Amanda Y. Mon, 10 Jan 2011 16:33:50 +0000 http://www.thefrugalgirl.com/?p=2746#comment-70765 Yes, I have been doing this at ING since I found out about being able to have multiple savings accounts--it's wonderful! I have a saving account for every little thing (taxes, future computer fund, vacation, dog expenses, etc.!). We love the budget billing for electric too! Yes, I have been doing this at ING since I found out about being able to have multiple savings accounts–it’s wonderful! I have a saving account for every little thing (taxes, future computer fund, vacation, dog expenses, etc.!). We love the budget billing for electric too!

]]> By: Joyce http://www.thefrugalgirl.com/2009/07/my-multiple-savings-accounts-and-how-to-get-your-own/#comment-63335 Joyce Mon, 29 Nov 2010 14:40:16 +0000 http://www.thefrugalgirl.com/?p=2746#comment-63335 I use both systems. My Mom put me onto ING years ago and I use it for a savings plan but I didn't get specific with different accounts for specific expenses but I can see where it would be great for that. I also use the envelope system for my monthly expenses like groceries and spending money. We have a Walmart gas station that is cheaper than everywhere else so instead of having an envelope for gas money I just put that money on a Walmart gift card and use that for gas throughout the month. One suggestion I have for your electric bill is getting on the budget plan so your monthly bill is the same year round. That is what I have done for years. I use both systems. My Mom put me onto ING years ago and I use it for a savings plan but I didn’t get specific with different accounts for specific expenses but I can see where it would be great for that.

I also use the envelope system for my monthly expenses like groceries and spending money. We have a Walmart gas station that is cheaper than everywhere else so instead of having an envelope for gas money I just put that money on a Walmart gift card and use that for gas throughout the month.

One suggestion I have for your electric bill is getting on the budget plan so your monthly bill is the same year round. That is what I have done for years.

]]> By: Battra92 http://www.thefrugalgirl.com/2009/07/my-multiple-savings-accounts-and-how-to-get-your-own/#comment-63332 Battra92 Mon, 29 Nov 2010 13:51:18 +0000 http://www.thefrugalgirl.com/?p=2746#comment-63332 I use ING along with a local bank and a few other banks (I'm weird but I was always taught to squirrel money away in different spots so that it's harder for people to then get all of it.) So in order to maintain all of it and view everything, I use Mint.com ING is great, although their rates really aren't what they used to be but that's the nature of the Federal Reserve and the government's crappy monetary policy at the moment more than ING itself. What I love about ING is how much they encourage savings. While one might think that's the nature of banks, all other banks seem to always want to sell me a credit card or Bill Pay or some other service. One good thing to point out, if you ever need to take money out ASAP and can't wait to transfer it to a local bank first, they give you an ATM card which can be used for Free at the ATMs at Target and (I think) CVS. Don't quote me on that, though. I use ING along with a local bank and a few other banks (I’m weird but I was always taught to squirrel money away in different spots so that it’s harder for people to then get all of it.) So in order to maintain all of it and view everything, I use Mint.com

ING is great, although their rates really aren’t what they used to be but that’s the nature of the Federal Reserve and the government’s crappy monetary policy at the moment more than ING itself. What I love about ING is how much they encourage savings. While one might think that’s the nature of banks, all other banks seem to always want to sell me a credit card or Bill Pay or some other service.

One good thing to point out, if you ever need to take money out ASAP and can’t wait to transfer it to a local bank first, they give you an ATM card which can be used for Free at the ATMs at Target and (I think) CVS. Don’t quote me on that, though.

]]> By: smart brains http://www.thefrugalgirl.com/2009/07/my-multiple-savings-accounts-and-how-to-get-your-own/#comment-43648 smart brains Mon, 21 Jun 2010 04:50:15 +0000 http://www.thefrugalgirl.com/?p=2746#comment-43648 My Multiple Savings Accounts I would really like to hear more about ‘HOW’ you budget.I have a different one for my “everyday use” in the other credit union.I love ING but I do things a bit differently.because it given us for some extra cash for both of us! My Multiple Savings Accounts
I would really like to hear more about ‘HOW’ you budget.I have a different one for my “everyday use” in the other credit union.I love ING but I do things a bit differently.because it given us for some extra cash for both of us!

]]> By: Sandy http://www.thefrugalgirl.com/2009/07/my-multiple-savings-accounts-and-how-to-get-your-own/#comment-24929 Sandy Wed, 27 Jan 2010 20:17:33 +0000 http://www.thefrugalgirl.com/?p=2746#comment-24929 I love your website....I think I'm addicted! I have two ING accounts and have for years. I would really like to hear more about 'HOW' you budget. I am a sahm and my hubby's pay just got cut. We have two little ones (ages 3 and 8 mos). I was considering using the envelope method, but since I already have the ING accounts, that sounds better....plus you are earning interest. Do you have another post that goes a little more indepth? Thanks so much for you time and hints. I can't wait to try your whole wheat bread recipe! Sandy :) I love your website….I think I’m addicted!

I have two ING accounts and have for years. I would really like to hear more about ‘HOW’ you budget. I am a sahm and my hubby’s pay just got cut. We have two little ones (ages 3 and 8 mos).

I was considering using the envelope method, but since I already have the ING accounts, that sounds better….plus you are earning interest.

Do you have another post that goes a little more indepth?

Thanks so much for you time and hints. I can’t wait to try your whole wheat bread recipe!

Sandy :)

]]> By: Monday Q&A, Christmas Edition http://www.thefrugalgirl.com/2009/07/my-multiple-savings-accounts-and-how-to-get-your-own/#comment-21910 Monday Q&A, Christmas Edition Mon, 14 Dec 2009 13:21:49 +0000 http://www.thefrugalgirl.com/?p=2746#comment-21910 [...] January, we start saving for next year’s Christmas, actually. We put $40 a month into an ING savings account, so by the time December rolls around, we have money set aside for Christmas gifts. I can’t [...] [...] January, we start saving for next year’s Christmas, actually. We put $40 a month into an ING savings account, so by the time December rolls around, we have money set aside for Christmas gifts. I can’t [...]

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