Budget lines
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Budget lines
| Sat, 03-07-2009 - 10:38pm |
curiously, what do you put in your clothing budget line, gift line, and entertainment lines (or whatever you call them).
I've read Total Money Makeover and am fired up :)

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Oh please Robyn, you're never a pest!!!!
When you set up an ING account, you write a check to yourself from whatever account you want it to link it up to.
Bex -
Hey Marie,
I actually looked into vet insurance. Unfortunately, one of our dogs is an 8 year old rescue and they wouldn't cover her because of her age and lack of history. So we have resorted to putting money in a "pet" fund to help cover any costs. At this point its the best we could come up with.
Bex -
Oh I know! I just meant the general idea of having multiple accounts is a good one if there's no transaction fee involved. Doesn't have to be ING, could be any accounts, even at your regular bank.
I use ING for two accounts (which I learned I could do from reading this board, including your posts! :)). One is for long-term savings, just to have some liquid money; I'll be using that to write DD#1's first college tuition check in a year, but in the meantime it's getting a little bit of interest and is there if I really need it. The other is for my taxes; I'm technically self-employed and need to set aside money for my own taxes. I like to keep it in its own place so I don't accidentally use it for anything else.
For someone else who inquired, you can transfer money back to your own regular checking account online. It takes 2 business days. I do that when I know I'm going to need to write a check for taxes. Not a good thing if you constantly need to access the money, but very convenient for things you plan for and don't need to pay for that very day.
BTW, ING's interest rate is below 2% this month, so it's not a great savings plan. But it is good for keeping money reasonable accessible, but not within truly easy reach.
Kelly
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