Comments on: How to budget with ING direct http://christianpf.com/how-to-budget-with-ing-direct/ Christian Personal Finance - Financial help blog, debt help and other financial resources Tue, 14 Feb 2012 21:22:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dy http://christianpf.com/how-to-budget-with-ing-direct/comment-page-1/#comment-172641 Dy Sun, 12 Feb 2012 18:20:24 +0000 http://christianpf.com/how-to-budget-with-ing-direct/#comment-172641 Bob, I want to let you know from the time you wrote about ING in 2007 they do offer checks for the checking account now. I set up several savings accounts and a checking account just from reading your blog. I was debating between your method ING budgeting, the envelope method, Dave Ramsey method, or Rich Woman Method (3 savings accounts one for you, one for charity, and one for investments) and Gary Keese Method called G.O.D. (Get out of Debt) savings account method to pay off your debts. I chose yours after careful thought, the ING method is best for me. There was similarities to what you have stated on your website compared to Creflo Dollar Ministry - in regards to saving and budgeting series he did, Dave Ramsey, Rich Dad, Rich Woman, Harold Herring (Debt Free Army), and Gary Keese. I took the similarities and complied and made them my own from savings, insurance selection, paying debts and etc. Thank God you were a piece to a puzzle that I needed to gain insight. I really enjoy your website so much that I blogged about you to my bloggees. God Bless you and keep up with this Financial Ministry. You have been a blessing to me and a mentor all in one. God Bless you to reach further territory. Dy Bob,
I want to let you know from the time you wrote about ING in 2007 they do offer checks for the checking account now. I set up several savings accounts and a checking account just from reading your blog. I was debating between your method ING budgeting, the envelope method, Dave Ramsey method, or Rich Woman Method (3 savings accounts one for you, one for charity, and one for investments) and Gary Keese Method called G.O.D. (Get out of Debt) savings account method to pay off your debts. I chose yours after careful thought, the ING method is best for me. There was similarities to what you have stated on your website compared to Creflo Dollar Ministry – in regards to saving and budgeting series he did, Dave Ramsey, Rich Dad, Rich Woman, Harold Herring (Debt Free Army), and Gary Keese. I took the similarities and complied and made them my own from savings, insurance selection, paying debts and etc. Thank God you were a piece to a puzzle that I needed to gain insight. I really enjoy your website so much that I blogged about you to my bloggees. God Bless you and keep up with this Financial Ministry. You have been a blessing to me and a mentor all in one. God Bless you to reach further territory.
Dy

]]> By: Sean http://christianpf.com/how-to-budget-with-ing-direct/comment-page-1/#comment-172410 Sean Sat, 11 Feb 2012 17:45:29 +0000 http://christianpf.com/how-to-budget-with-ing-direct/#comment-172410 Thanks for the information Bob. I have been looking for simple budgeting advice for several months so I'm glad I found your site! I have set up budgets in the past but that is as far as I ever got.. I was never able to stick to them. I think this ING account plan may help me do just that. Can you answer a couple questions about how you actually use this system? 1. Do you use your debit card for groceries and then go home and transfer money from your "grocery" savings account into your checking account? 2. What about eating out or the random snacks bought throughout the week? do you use cash for those from a physical envelope? I can't imagine trying to track all those purchases every night and I might hit the transfer limit. 3. What happens to the funds after the end of the month? Do they sit in their respective savings accounts or do you transfer the money out? If the money just sits there and builds, how do you know what your budget is for the next month? Thanks! You're doing God's work Sean Thanks for the information Bob. I have been looking for simple budgeting advice for several months so I’m glad I found your site!

I have set up budgets in the past but that is as far as I ever got.. I was never able to stick to them. I think this ING account plan may help me do just that.

Can you answer a couple questions about how you actually use this system?

1. Do you use your debit card for groceries and then go home and transfer money from your “grocery” savings account into your checking account?

2. What about eating out or the random snacks bought throughout the week? do you use cash for those from a physical envelope? I can’t imagine trying to track all those purchases every night and I might hit the transfer limit.

3. What happens to the funds after the end of the month? Do they sit in their respective savings accounts or do you transfer the money out? If the money just sits there and builds, how do you know what your budget is for the next month?

Thanks!

You’re doing God’s work

Sean

]]> By: Dy http://christianpf.com/how-to-budget-with-ing-direct/comment-page-1/#comment-170451 Dy Sat, 04 Feb 2012 14:00:35 +0000 http://christianpf.com/how-to-budget-with-ing-direct/#comment-170451 Thanks Bob I was able to set up my ING checking and several Savings Accounts. It is exciting to fill each savings account up seeing them grow. In this process I have stopped spending furiously. I have all the accounts I need for the things I want and need, that is cool. I have also put some products on Etsy to sell the fees on this site is real cheap like 20 cent per listing where Ebay fees is ridiculous but the only advantage with that is during tax time when you claim that extra income on schedule and you can claim the expenses as well. Thanks Bob I was able to set up my ING checking and several Savings Accounts. It is exciting to fill each savings account up seeing them grow. In this process I have stopped spending furiously. I have all the accounts I need for the things I want and need, that is cool. I have also put some products on Etsy to sell the fees on this site is real cheap like 20 cent per listing where Ebay fees is ridiculous but the only advantage with that is during tax time when you claim that extra income on schedule and you can claim the expenses as well.

]]> By: Shannon http://christianpf.com/how-to-budget-with-ing-direct/comment-page-1/#comment-134644 Shannon Tue, 27 Sep 2011 14:23:06 +0000 http://christianpf.com/how-to-budget-with-ing-direct/#comment-134644 Love the idea of tracking each thing being saved for. Rather than open multiple accounts, why not use the savings goal feature in Quicken? It's much simpler. Love the idea of tracking each thing being saved for. Rather than open multiple accounts, why not use the savings goal feature in Quicken? It’s much simpler.

]]> By: Denise R http://christianpf.com/how-to-budget-with-ing-direct/comment-page-1/#comment-110305 Denise R Mon, 25 Apr 2011 15:04:58 +0000 http://christianpf.com/how-to-budget-with-ing-direct/#comment-110305 I am a financial wannabe. I wannabe really good at it but I have a difficult time getting the big picture when it comes to managing fiances. This website has been the most helpful to me of any so far and I thank God everyday that I found it. I am making good choices and re-organizing my banking and budget. While I do not yet have my big picture I know that I will get there. If it is ok to ask, I am wondering about a personal budgeting program such as mint.com. If you use ING to budget with, would you also need a personal budget program as well? Just wondering. I like to know where my money is etc, but I want to keep it as simple as possible... for my own sake! Thank you so much for EVERYTHING! What a great blessing this site has been to me and my family! God Bless you all! I am a financial wannabe. I wannabe really good at it but I have a difficult time getting the big picture when it comes to managing fiances. This website has been the most helpful to me of any so far and I thank God everyday that I found it. I am making good choices and re-organizing my banking and budget. While I do not yet have my big picture I know that I will get there. If it is ok to ask, I am wondering about a personal budgeting program such as mint.com. If you use ING to budget with, would you also need a personal budget program as well? Just wondering. I like to know where my money is etc, but I want to keep it as simple as possible… for my own sake! Thank you so much for EVERYTHING! What a great blessing this site has been to me and my family! God Bless you all!

]]> By: Victoria - Ozarks Crescent Mural http://christianpf.com/how-to-budget-with-ing-direct/comment-page-1/#comment-105828 Victoria - Ozarks Crescent Mural Sat, 12 Mar 2011 21:27:00 +0000 http://christianpf.com/how-to-budget-with-ing-direct/#comment-105828 Just as an aside, ING Direct is a Dutch-owned bank. From what I've read, the selling of ING Direct USA won't affect us. I learned about this a long time ago and read up on it to make sure everything would be OK. I'm not totally schooled on banking, but I suspect it's common for banks to sell portions of their banking operations. It is being done to raise money. Just as an aside, ING Direct is a Dutch-owned bank. From what I’ve read, the selling of ING Direct USA won’t affect us. I learned about this a long time ago and read up on it to make sure everything would be OK. I’m not totally schooled on banking, but I suspect it’s common for banks to sell portions of their banking operations. It is being done to raise money.

]]> By: Bob http://christianpf.com/how-to-budget-with-ing-direct/comment-page-1/#comment-105827 Bob Sat, 12 Mar 2011 21:19:42 +0000 http://christianpf.com/how-to-budget-with-ing-direct/#comment-105827 John, thanks for the update! I wasn't aware of that, but personally I am going to be sticking with ING. My hunch is that management will probably stay the same and they will continue to be a great bank. If I see that things change to their detriment, I will be writing about it! John, thanks for the update! I wasn’t aware of that, but personally I am going to be sticking with ING. My hunch is that management will probably stay the same and they will continue to be a great bank. If I see that things change to their detriment, I will be writing about it!

]]> By: John W http://christianpf.com/how-to-budget-with-ing-direct/comment-page-1/#comment-105778 John W Thu, 10 Mar 2011 15:30:13 +0000 http://christianpf.com/how-to-budget-with-ing-direct/#comment-105778 Hey Bob, Thanks for this great article. I switched to ING in January and now I'm sad to see that it looks like the ING Group is selling ING Direct USA (http://dealbook.nytimes.com/2011/03/10/auction-of-ing-direct-usa-heating-up/). Is it safe for me to stick with ING? Should I move to a different bank, say HCSB? Are there likely going to be huge changes or will the way I bank with ING now and the money I save likely stay the same? I'm sure you can't respond with 100% confidence, but any tips would be appreciated. Thanks, John Hey Bob,

Thanks for this great article. I switched to ING in January and now I’m sad to see that it looks like the ING Group is selling ING Direct USA (http://dealbook.nytimes.com/2011/03/10/auction-of-ing-direct-usa-heating-up/).
Is it safe for me to stick with ING? Should I move to a different bank, say HCSB? Are there likely going to be huge changes or will the way I bank with ING now and the money I save likely stay the same?
I’m sure you can’t respond with 100% confidence, but any tips would be appreciated.

Thanks,
John

]]> By: Deb http://christianpf.com/how-to-budget-with-ing-direct/comment-page-1/#comment-104554 Deb Thu, 03 Feb 2011 18:02:50 +0000 http://christianpf.com/how-to-budget-with-ing-direct/#comment-104554 Bob, I have an ING Direct savings account and love it as well. Be I wanted to mention another wonderful account offered by PNC Bank called Virtual Wallet. This account is very similar to the ING accounts you referenced above with comparable interest rates. You can open this account with as little as $25. This account has very easy money transfer tools, saving categories in the Reserve Savings and a great bugdeting and spending trends tool for saving and spending. It is very easy to use and makes money fun to manange. Check it out. Bob, I have an ING Direct savings account and love it as well. Be I wanted to mention another wonderful account offered by PNC Bank called Virtual Wallet. This account is very similar to the ING accounts you referenced above with comparable interest rates. You can open this account with as little as $25. This account has very easy money transfer tools, saving categories in the Reserve Savings and a great bugdeting and spending trends tool for saving and spending. It is very easy to use and makes money fun to manange. Check it out.

]]> By: Bob http://christianpf.com/how-to-budget-with-ing-direct/comment-page-1/#comment-76124 Bob Mon, 01 Nov 2010 15:03:17 +0000 http://christianpf.com/how-to-budget-with-ing-direct/#comment-76124 C, correct - last time I checked you did need another checking acct opened in order to open an account with them. But once opened you can use direct deposit and I think mail them checks to deposit as well... C,
correct – last time I checked you did need another checking acct opened in order to open an account with them. But once opened you can use direct deposit and I think mail them checks to deposit as well…

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