This $20 concept is bascially set up for the money I receive from covering shifts at Williams-Sonoma. Over the course of the last few months those little $20 deposits have added up.

$20 is such an easy sum to put away, so easy in fact that this is perhaps the best goal for people who really want to start a habit of savings.

Anyone else want to adopt this goal? 4 years ago

He opened a new savings account a bank different than the one we use for checking and set up direct deposit for $50 a paycheck to go into it. We can only make one withdrawl a month without a $5 fee and no ATM card to access it. The bank is closer to his job than home and he normally works from home. Hopefully we will stick to this…he has great willpower. :) 4 years ago

In an election year we always hear those “by one vote” stories – how one vote can change the course of history. We do not, however, here similar stories about how one little thing can change our financial future.

Okay, we hear some, from grandparents when were are little, and with regard to the “Latte Factor” in terms of spending. But when do we really hear about something small like $20 put away turning into something substantial. Never. Whenever we hear financial pundits offer advice it usually has many more digits. Perhaps that is why those with money keep making more, and the rest of the population thinks they cannot build a financial base, so they don’t even try.

Pish.

Hopefully, over the course of time, others will adopt this goal and we can start a small revolution. 4 years ago

I really haven’t paid much attention to my balance at ING; I just sock money away on a somewhat regular basis. I just saw my balance today – whoa – all these little drops in the bucket are adding up to a tidal wave. This is so worth doing! 5 years ago

Online banking with no minimum requirements is a great way to save money as the online banks do not have the expenses of branches and therefore can afford to pay a higher return. I already have an account at INGdirect at which I also have a laddered CD portfolio to save cassh for future emergencies or growth. The savings account at ING is currently paying 3.00% APY

I recently discovered HSBCdirect which is paying 3.05% APY. Small numbers indeed, especially with a goal like this, but over time those numbers matter. I think I may open an HSBC account today. 5 years ago

Saving money is one of those things that is like a rainstorm. It starts with a few drops and before you know it – whoosh – a downpour.

With this goal I am going to enhance my savings goals and put away a bit more than I already am saving. but first things first, I want to do some research on a few other internet banks. I’ve written again and again about my love affair with ING, but now is as good a time as any to determine if there is another bank with which to save. 5 years ago