Comments on: How We Optimized Our Banking

By: Citigroup Takes Over Wachovia

Citigroup Takes Over Wachovia — Tue, 30 Sep 2008 15:14:43 +0000

[...] the other recent bank takeovers (and bank failures), this one hit home since Micah and I have our paper checking set up at Wachovia. I found myself reacting to it on two levels: first as a taxpayer, then as a [...]

By: 50 Frugal Things You Aren't Doing | The Wisdom Journal

50 Frugal Things You Aren't Doing | The Wisdom Journal — Wed, 17 Sep 2008 05:09:33 +0000

[...] theft) happens to your home. 33. Opening an online savings account. It’s easy and it pays a higher interest rate than many traditional “grounded” banks. Plus you can monitor it online. 34. Paying off [...]

By: thinkingthing

thinkingthing — Mon, 15 Sep 2008 03:57:20 +0000

ING ShareBuilder also has some low cost IRAs that may be of interest to full-time freelancers.

By: Rick Vaughn

Rick Vaughn — Sun, 14 Sep 2008 23:27:55 +0000

Sounds like a great deal. I had no idea that ING was doing debit cards???

Quicken is a great program but it sounds like with all these accounts of yours you might need a personal accountant.

By: Green Panda Treehouse | | Weekly Round Up: Baby Shower Edition

Green Panda Treehouse | | Weekly Round Up: Baby Shower Edition — Sun, 14 Sep 2008 23:10:19 +0000

[...] How We Optimized Our Banking [...]

By: Weekly Roundup - Texas Prayers Edition | Cash Money Life

Weekly Roundup - Texas Prayers Edition | Cash Money Life — Sun, 14 Sep 2008 14:11:56 +0000

[...] How We Optimized Our Banking. My wife and I consolidated our bank right after we got married. It made life much easier! [...]

By: deepali

deepali — Fri, 12 Sep 2008 15:01:49 +0000

This is great and easy to follow. I do the same thing with my Etrade account, which does let me have paper checks. I also have my IRAs set up there, so it’s quite neat. I am actually debating moving another older IRA from Fidelity over to Etrade….

By: Budgets are Sexy.

Budgets are Sexy. — Thu, 11 Sep 2008 19:09:25 +0000

if i weren’t with USAA i’d totally hook up with ING. i’m a “one bank whore” haha….i have 13+ accounts w/ USAA cuz i like to see everything in one place

may not be the best way if you’re one to get mad interest and find the best brokerage, savings, iras, etc, but so far it works for me. nice and easy to xfer money and account for everything each morning. So woohoo!

By: Jennifer

Jennifer — Thu, 11 Sep 2008 16:44:47 +0000

That is a great post describing how you do your banking. It is almost identical to how my husband and I have things set up. The only difference being that we don’t use ING, but another bank that has an online-only high interest savings account. Your comments on setting up individual chequing accounts are definitely a good idea. We have been really slack in some of our ‘what-if’ planning and I think I might mention the bank account idea to my husband and see if we can arrange something.

I totally understand what you mean about accounting programs not behaving correctly when you do things like that. We don’t use Quicken, but ours would react in the exact same way.