Banking online is a newer thing for some people….
I have been doing it for some time now.
There are plenty of reasons to bank online! You should be by now!
If you are not banking online by now… Here are several reasons why you just might want to consider it…
1. Money Management! companies like Ing Direct offer you a automatic savings plan. The key to savings is make it a Habit. If you deposit even $10 a week into your Ing Orange savings account you will be saving money and living the same… It’s all about patterns.
2. Less spending… and more saving! When you start to save more and more money into Ing Direct you save more… By having the automatic deposit you’ll be saving more without even “physically” doing it… it will be automatic and you will adjust to it. You will spend less because you will have more money in your online banking account so you will be thinking… I don’t really want to buy this or that right now because I don’t have too much in the bank. It’s a genius way to force yourself to save and get ahead!
3. Higher Interest Rates! What? This is a biggie! I realized that at my physical bank which is comerica I am getting about .33% that’s 1/3rd of one percent! that’s a ripoff! Now that I have most of my money in my Ing Account I am currently getting 1.85%! Okay 1.85% still sucks… let’s be honest here. But that’s 6 times the interest rate I am getting at comerica. Do you think that If you set it up now and let your savings accumulate in Ing over your traditional bank that it would make a difference say 10 or 20 years down the road? I’d say so!
To sum it all up…
When you bank online you have several advantages over the “rest of the world” ya know the “average” people!
You can setup automatic savings so that you will be saving more money without it affecting your lifestyle, and you will be getting a higher interest rate.
All the while spending less because I do have to admit… (the one and only negative) your money is less accessible.
But If your like me… mostly a saver that is! you’ll be happier knowing that your money is working a little bit for you!
Get an ING orange savings account today!
start saving! stop spending so much on instant gratification things that won’t mean a year from now!
Have an awesome day! Save away!
David King
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{ 6 comments… read them below or add one }
Marvelous idea on how to save more and spend less than one make. That’s cool! How did you come out with this brilliant tips? Great post!
Marvelous idea on how to save more and spend less than one make. That’s cool! How did you come out with this brilliant tips? Great post!
Yes, I also like the aspect of much higher interest rates by banking online. I have been taking advantage of this myself for quite a while.
Yes, I also like the aspect of much higher interest rates by banking online. I have been taking advantage of this myself for quite a while.
It never stroke in my mind that I can automatically save that without any physical pain. Seems you have gone through too much online banking..
Thanks..
It never stroke in my mind that I can automatically save that without any physical pain. Seems you have gone through too much online banking..
Thanks..