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About Me:

Patrick

Single male in Ohio born in 1963. I'm "the toyguy" because I work in the toy dept. of a large retail store.

2011 Goals:

- Pay myself back into my savings account the money that I used to pay off my mortgage.
- Put $3000 into a Traditional IRA again.
- Put $1000 into a Roth IRA.
- Add at least $2000 to my Antarctica fund.
- Add $400 to Emergency Fund (At end of 2010 I have $2526 in this fund)
- Put at least some money into my car fund. I have a car fund created at ING with about $25 in it but need to start saving for a future car purchase.
- Go to Scotland for a week in May for a ghost tour and stay a few days in New York city.
- Might have to have another expensive roof repair. Last year or so I had to have half the roof done and was very satisfied. But I think I have to have the rest of the roof done now.
- Take a short trip to New Orleans for Halloween.

2010 Goals:

X- Pay myself back for latest car repair (rear breaks)
X- Add $400 to my E-Fund
(Added $410)
X- Continue putting whatever money I can into IRA fund for 2010 and 2011.
X- Put $3000 into IRA for 2010
X- Have income taxes done before end of March
X- Continue paying at least $100 extra on Principal of my mortgage each month
X- Continue putting whatever extra I can afford into my Travel Fund
X- Have to call Tours of Terror to make arrangements for Ghost Tour in Scotland for next year.
X- Try to take a trip to west Virginia in Spring or early summer.
- Take a short trip to Phoenix Arizona if I can get very low cost tickets. (FAILED. Couldn't get cheap enough airfare)
X- Figure out exactly when I can pay off the rest of my mortgage. It might be this year or the end of next year.

"Lofty" 2010 Goals:

X- Pay off my house completely by November. This one is not so lofty cause I will be paying it off sometime regardless. November will be the absolute earliest though.
(Paid off end of October)
X- Start an Antarctica Fund and save at least $1000 in it. I want to go there someday but its very expensive and my Travel Fund alone will never be able to handle it. (Put in $1200)
- Put at least an extra $1000 into my 2010 IRA than stated above but put it into a Roth instead of a Traditional.
(Failed. Never got around to this one)

2009 Goals:
X- Pay myself back $344 for muffler repairs on my car from December of 08.
X- Add $400 to my E-Fund.
X- Continue saving for a total of $4000 for 2009 IRA.
X- Start saving for total of $3000 for 2010 IRA. (Saved $690)
X- Have my first ever yard sale when the weather starts getting nice this spring.
X- Try to take a real vacation around July or August possibly to Costa Rica.
X- Pay at least $100 extra per month to Mortgage principal. I plan to pay off my mortgage completely before the 20 year mark which is about 3 years from now.

2008 Goals:
- Continue using Quicken to keep my checking and other accounts in order.
- Save at least an additional $400 into my
E-Fund (DONE) which currently has $1,200 in it. My overall goal for E-Fund is $12,000.
- Slowly work on building up a car fund. (VERY SLOWLY)
- Save enough into Travel Fund to take a good vacation in October. (Saved enough money but cannot travel this year)
Save $4000 for 2009 IRA contribution.
- Continue my "Paper (clutter) Challenge"
- More to come as I think it over.

Question about ING

January 3rd, 2008 at 06:40 pm

I want to open a second ING savings account. I want to use it to start my car fund that I talked about in an earlier post. I'm just not sure if ING allows 2 of the same kind of savings accounts or not? Especially if I fund it from the same personal checking account as my current one. I think I can do that but its not very clear on their website.
I was also considering using their Electric orange checking account instead of another savings. But I don't really need the features of their checking and the Savings pay more.
If anyone knows about ING Savings or has any better advice for me please let me know.

Thanks.

Posted in Uncategorized | 6 Comments »

6 Responses to “Question about ING”

Aleta Says:
January 3rd, 2008 at 06:45 pm 1199385913
1199385913

I believe that they allow what is called sub accounts. Someone else on this forum has spoken about that. You can call them and see what they offer.
mom-from-missouri Says:
January 3rd, 2008 at 06:55 pm 1199386535
1199386535

We have 4 savings accounts with ING--each was a referral off of the other.
luxliving Says:
January 3rd, 2008 at 07:37 pm 1199389033
1199389033

ING will let you set up a bunch of subaccounts that are all funded by the same bank account.
Amber Says:
January 3rd, 2008 at 11:18 pm 1199402336
1199402336

I have 3 accounts and I love it. Best decision I ever made good luck
frugaltexan75 Says:
January 4th, 2008 at 12:43 am 1199407396
1199407396

All you have to do to set up a subaccount is click "Open Account" which is on the upper lefthand side when you are signed into your account. It will ask you to give it a nickname (if you want to) and then tell it where you'll start funding it from (easiest way is to just transfer an amount from your already existing savings account.)

I just did this yesterday, and now have a total of 4 subaccounts and Electric Orange.
Toyguy1963 Says:
January 4th, 2008 at 05:29 am 1199424578
1199424578

Ohh thanks everyone for the help. I'm going to give it a try. It will make saving for a car fund a lot easier.

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The Toyguy's Blog

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Question about ING

6 Responses to “Question about ING”

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