This probably should have been obvious to me before, but I guess I never thought about it. With my trip to Rome I have been saving up money, and want to earn as much interest possible, so I’ve put it all in my ING Direct savings account. Problem is it has been hard to tell how much I have for my trip since I have other savings and my car payment is pulled from this account monthly.
Today I stumbled across a few articles that talked about “sub accounts” in ING Direct. The advice was to set up an account for unexpected expenses, or multiple accounts for your particular goals. Once you are logged into your existing account, all you have to do is open a new account and fund it.
I know several of my family and friends use ING Direct as well, so if you like this idea here is a link to a helpful tutorial: http://cashmoneylife.com/open-ing-direct-sub-account/
Let the savings begin!