{"id":124,"date":"2006-03-03T13:37:55","date_gmt":"2006-03-03T18:37:55","guid":{"rendered":"http:\/\/devinreams.com\/2006\/03\/03\/savings-accounts\/"},"modified":"2006-03-03T13:37:55","modified_gmt":"2006-03-03T18:37:55","slug":"savings-accounts","status":"publish","type":"post","link":"https:\/\/wordpress.reams.me\/?p=124","title":{"rendered":"Savings Accounts"},"content":{"rendered":"

I’m in the process of managing my finances and I realized: a lot of people don’t earn money with their money. In other words, your Wells Fargo savings account is only earning you… what… 8\/10ths of a percent? Your money is wasting time in there! If I’m not mistaken, you’re earning money slower than prices are inflating. Heck, you may be losing<\/strong> money.<\/p>\n

Well then, what do you do? Simple: find a high interest savings account or put some money in a CD<\/strong>.<\/p>\n

Personally, I do both. Since I only pay tuition two times a year I can lock my cash into a CD for a few months (6, 12, etc) and then use it once I actually need it. Money that would have just been sitting around waiting to pay for college has earned me over $400. It’s just that easy…<\/p>\n

But, what about the short-term money? Well, I transfer all my cash into an ING Direct account. This savings account earns me 3.8% and through April, my new deposits are earnign 4.75%. I’ve already earned $30 in the first few months. Sometimes a number doesn’t say much so I need to look at it a different way. That $30 is the same as 6 free burritos<\/strong>. Can you imagine a mini pyramid of burritos every month? It’s a great thought…<\/p>\n

I guess my point is this: put your money away and let it earn some interest. ING works in a funny way, though. What you do is ‘link’ an existing bank account to it. This serves as a direct connection between the two accounts and you easily (within 2 business days) transfer money in and out. To me, the money seems<\/em> more difficult to get to. This acts as a barrier to spending and allows me to earn more burritos.<\/p>\n

So, to everyone out there with their money sitting around, open an ING Direct account<\/strong> and get $25 for free<\/strong>. Thats right. If you leave a comment here<\/strong> with your email I will send you an invitation. Once you make an initial deposit of $250 you’ll automatically earn $25. Again, thats like 5 free burritos and, well, they taste even better when they’re free.<\/p>\n

Plus, if you open an account I’ll earn $10 and that’s pretty awesome. If you have any questions feel free to leave a comment.
\n[tags]personal, money, finances, saving[\/tags]<\/p>\n","protected":false},"excerpt":{"rendered":"

I’m in the process of managing my finances and I realized: a lot of people don’t earn money with their money. In other words, your Wells Fargo savings account is only earning you… what… 8\/10ths of a percent? Your money is wasting time in there! If I’m not mistaken, you’re earning money slower than prices […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[575,585],"class_list":["post-124","post","type-post","status-publish","format-standard","hentry","category-internet","tag-money","tag-personal"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/wordpress.reams.me\/index.php?rest_route=\/wp\/v2\/posts\/124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wordpress.reams.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wordpress.reams.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wordpress.reams.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wordpress.reams.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124"}],"version-history":[{"count":0,"href":"https:\/\/wordpress.reams.me\/index.php?rest_route=\/wp\/v2\/posts\/124\/revisions"}],"wp:attachment":[{"href":"https:\/\/wordpress.reams.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wordpress.reams.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wordpress.reams.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}