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Decided to pay myself first...

August 31st, 2006 at 11:57 pm

I have finally made the decision to go ahead an pay myself first. I was already putting 5% of my pre-tax earnings into the 401k and putting another $50 per week into my kids 529 account so what is another $10 per week? I went ahead and opened an ING Direct Orange Saving Account with an initial deposit of $25. I immediately made a 100% return on investment because ING gave me a $25 bonus for signing up! Now what I should really do is take my original $25 out and just let the free money work its magic. That's acutally not a bad idea now that I think of it. Maybe I will open another ING account under my wife and get another $25 bonus! Then I will deposit $10 per week automatically into one of our accounts and watch it grow!

Posted in Savings | 3 Comments »

3 Responses to “Decided to pay myself first...”

  1. baselle Says:
    September 1st, 2006 at 03:46 am 1157082362
    1157082362

    Be careful. It used to be $25 with no minimum, but now you have to put in at least $250 to get the $25.

  2. ima saver Says:
    September 1st, 2006 at 01:49 pm 1157118595
    1157118595

    Do you know that it is more important to save for your own retirement before saving for your children's college? All the gurus say that!

  3. veronak Says:
    September 2nd, 2006 at 03:09 pm 1157209759
    1157209759

    I am glad to hear that you decided to pay yourself first, i sock away about $150.00 a month for an EF...I just started this and let me tell you it was the best thing I could have done

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