Holiday/ Birthdays/ Weddings – Gift Fund

I wanted to share with the blog world a little tip that I learned from Quinn the other day which has totally rocked my world. The holiday’s can get a little crazy with people and their finances and its important to always keep in the back of our heads the importance of savings.

Quinn let the blogworld on to a little secret of hers – that she and her husband have $20 automatically deposited every pay period from their paycheck into a special savings fund with ING Direct labeled “Gift Fund.”

When I read this I was blown away. I usually do my holiday shopping throughout the summer and pick up a little something here and there for friends and family and then when Christmas comes around I don’t have to worry about spending lots on presents because I have gotten most of them already. It has totally saved me in the past, but this year with relocating back to Philly and starting school up again, I just didn’t plan ahead.

I am totally copying Quinn’s idea! I am so excited to start my little “Gift Fund” in ING. I am going to use the funds in that account for birthday presents and wedding gifts and save up for the holiday’s next year. I am going to start automatically depositing cash into it the first week of January for next years holidays and events!

Do you have a special savings account? I use ING Direct for my regular savings. I have a little cash automatically deposited every week and I have a nice little chunk of change saved up for the future and for emergencies. I would like to state that I am starting the ‘Gift Fund’ as a separate account because I don’t like to take money out of my savings unless its an emergency, and presents aren’t really an emergency (to me).

If you don’t have an ING account, you should totally start one. It has a really nice interest rate, and I see a nice little chunk of change deposited into my account monthly from them for my interest. It’s awesome. If you are interested in starting an account up, shoot me an email. I have a code that will get you $25.00 for starting an account up!

If you aren’t on the Mint bandwagon, you need to get on that too! Mint is the best way to manage your money for free! It has totally changed my world in regards to budgeting. It puts all your finances in one place and you can see the big picture! I am not a financial person (at all, by ANY means!) but this makes it super easy to manage everything. I love it!

So those are just a few little financial tips that I have to share with the blogworld. I hope everyone is having a great month with their finances during this hectic holiday season!

Don’t forget to enter my Drymax Socks Giveaway 2!

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4 Comments

  • Reply ~Mrs. Guru~ December 7, 2009 at 7:42 pm

    I like the sound of the ing account. My question of course is it safe which seems like it is and have you been using it? I like the gift idea and think I might have to start that up.

  • Reply Tasty Health Food December 7, 2009 at 8:15 pm

    I have an ING account! I'm only 14 though. 🙂

  • Reply Missy December 7, 2009 at 8:34 pm

    I had an ING account but found that Ally had an even better rate. I really need to join mint!

  • Reply Quinn December 8, 2009 at 12:56 am

    So glad you love the idea! Happy Saving!

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