Fine Tuning Your Ing Direct Online Savings Account
Do you have an ING Direct
online savings account? Did you know that you can actually set up
"sub-accounts" to organize your money? Consumerism Commentary gives you
the lowdown on how to set up ING Direct sub-accounts. These sub-accounts allow you to organize your funds. By the way, here's how to setup an online savings account, in case you don't have one. They're a great way to earn more than a half percent on your savings.
Tracking Your Monthly Expenses
Having
trouble figuring out why your expenses are increasing? Doing an
itemized monthly breakdown of expenses goes a long way to show you
where the extra money is going, especially if you plot a chart for each
item, by month. Consumerism Commentary has a couple of screen captures
ofa financial balance spreadsheet: simple and complex. Madame X, at My Open Wallet, also talks about using spreadsheet software to track expenses, as well as a couple of accounting methods.
Accumulating (Almost) Free Money
Jonathan
at My Money Blog talks about how he scores an extra $1500-300 in a year
in sign-up bonuses (banks, credit cards), etc. While you probably can't
do this every year, he talks about how, if you managed to find an extra $2000
each year and saved it, what it would add up to over 30 years. There
are a few examples on his post as well. And in my experience, it's the
person who has developed a frugal mindset who tends to notice these
opportunities when they cross your path. People who are not in a
savings frame of mind just don't pay attention.
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