Comments on: Tip: Using sub-savings accounts for unexpected expenses http://www.iwillteachyoutoberich.com/blog/tip-using-sub-savings-accounts-for-unexpected-expenses/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Sun, 12 Feb 2012 18:46:58 +0000 hourly 1 http://wordpress.org/?v= By: Targeted Savings Accounts for Freelancers « Light Cue 23 http://www.iwillteachyoutoberich.com/blog/tip-using-sub-savings-accounts-for-unexpected-expenses/#comment-105322 Targeted Savings Accounts for Freelancers « Light Cue 23 Fri, 31 Jul 2009 16:48:44 +0000 http://www.iwillteachyoutoberich.com/blog/?p=1567#comment-105322 [...] From reading all this you might think I have 20+ savings accounts with various banks. In fact I have two. One is my primary account from which I pay myself a monthly salary. The other is with an online bank that allows me to create as many “sub-accounts” as I want. A good, and deeply sarcastic, explanation of this sub-account system can be found here. [...] [...] From reading all this you might think I have 20+ savings accounts with various banks. In fact I have two. One is my primary account from which I pay myself a monthly salary. The other is with an online bank that allows me to create as many “sub-accounts” as I want. A good, and deeply sarcastic, explanation of this sub-account system can be found here. [...]

]]> By: wing http://www.iwillteachyoutoberich.com/blog/tip-using-sub-savings-accounts-for-unexpected-expenses/#comment-98159 wing Wed, 13 May 2009 16:33:56 +0000 http://www.iwillteachyoutoberich.com/blog/?p=1567#comment-98159 how to invest gold/silver? how to invest gold/silver?

]]> By: wing http://www.iwillteachyoutoberich.com/blog/tip-using-sub-savings-accounts-for-unexpected-expenses/#comment-98160 wing Wed, 13 May 2009 16:33:45 +0000 http://www.iwillteachyoutoberich.com/blog/?p=1567#comment-98160 how to invest gold/silver? how to invest gold/silver?

]]> By: Nick N. Oza http://www.iwillteachyoutoberich.com/blog/tip-using-sub-savings-accounts-for-unexpected-expenses/#comment-97385 Nick N. Oza Wed, 06 May 2009 19:11:42 +0000 http://www.iwillteachyoutoberich.com/blog/?p=1567#comment-97385 As always, lovin' the site, lovin' the advice. Just a kind FYI...the quote at the top regarding being blindsided on at Tuesday isn't actually Kurt Vonnegut. Its Mary Schmich...later made popular by Baz Luhrmann. http://en.wikipedia.org/wiki/Wear_Sunscreen As always, lovin’ the site, lovin’ the advice.

Just a kind FYI…the quote at the top regarding being blindsided on at Tuesday isn’t actually Kurt Vonnegut. Its Mary Schmich…later made popular by Baz Luhrmann.

http://en.wikipedia.org/wiki/Wear_Sunscreen

]]> By: Melo http://www.iwillteachyoutoberich.com/blog/tip-using-sub-savings-accounts-for-unexpected-expenses/#comment-96165 Melo Sun, 26 Apr 2009 17:07:53 +0000 http://www.iwillteachyoutoberich.com/blog/?p=1567#comment-96165 Yeah, I noticed the affiliate link as well. Have to admit I was a little disappointed by it. Tim, I think you're missing T's point. Yes, the money doesn't get taken from those who click on the affiliate link, but given that there's an added motive (or at least there WAS one when Ramit was earning commission) for promoting ING Savings Accounts, don't you find it a bit hard to trust him 100% on this particular topic? Ramit, no hard feelings here. I still love your book, but I hope you understand why the affiliate link makes some of us think twice about your advice on opening an ING Direct account. Melo Yeah, I noticed the affiliate link as well. Have to admit I was a little disappointed by it.

Tim,

I think you’re missing T’s point. Yes, the money doesn’t get taken from those who click on the affiliate link, but given that there’s an added motive (or at least there WAS one when Ramit was earning commission) for promoting ING Savings Accounts, don’t you find it a bit hard to trust him 100% on this particular topic?

Ramit, no hard feelings here. I still love your book, but I hope you understand why the affiliate link makes some of us think twice about your advice on opening an ING Direct account.

Melo

]]> By: Tim http://www.iwillteachyoutoberich.com/blog/tip-using-sub-savings-accounts-for-unexpected-expenses/#comment-96113 Tim Sat, 25 Apr 2009 18:26:12 +0000 http://www.iwillteachyoutoberich.com/blog/?p=1567#comment-96113 T, while some part of me doesn't like affiliate links (not sure why, probably because it's not always clear it's one), I don't see why this would be a problem: Ramit is not taking money from you if you sign up with the link, instead ING Direct pays him what is basically a commission. If he recommends a book and links to Amazon (which he does now and then) with an affiliate link, I think it's perfectly normal for him to get a cut: he brings in customers from his review. Yes, Ramit is probably making a nice sum from these affiliate links (though probably not to live on, but at least enough to pay for lattes :) ), but it's from his readers that he got from a lot of work on his blog. If one end up opening an account with ING after reading this, why not? Tim T,

while some part of me doesn’t like affiliate links (not sure why, probably because it’s not always clear it’s one), I don’t see why this would be a problem: Ramit is not taking money from you if you sign up with the link, instead ING Direct pays him what is basically a commission.
If he recommends a book and links to Amazon (which he does now and then) with an affiliate link, I think it’s perfectly normal for him to get a cut: he brings in customers from his review. Yes, Ramit is probably making a nice sum from these affiliate links (though probably not to live on, but at least enough to pay for lattes :) ), but it’s from his readers that he got from a lot of work on his blog.
If one end up opening an account with ING after reading this, why not?

Tim

]]> By: Ramit Sethi http://www.iwillteachyoutoberich.com/blog/tip-using-sub-savings-accounts-for-unexpected-expenses/#comment-96112 Ramit Sethi Sat, 25 Apr 2009 18:20:06 +0000 http://www.iwillteachyoutoberich.com/blog/?p=1567#comment-96112 T, I've always been open about that. Btw, note that that ING link doesn't generate any revenue for me, any more -- ING has removed its affiliate program for savings accounts. T, I’ve always been open about that. Btw, note that that ING link doesn’t generate any revenue for me, any more — ING has removed its affiliate program for savings accounts.

]]> By: T http://www.iwillteachyoutoberich.com/blog/tip-using-sub-savings-accounts-for-unexpected-expenses/#comment-96111 T Sat, 25 Apr 2009 18:02:54 +0000 http://www.iwillteachyoutoberich.com/blog/?p=1567#comment-96111 Have you guys been clicking the ING savings account link he posted up there? It's an affiliate link.. The guy's making money everytime you use his link to sign up at ING. So much for credibility... Have you guys been clicking the ING savings account link he posted up there? It’s an affiliate link.. The guy’s making money everytime you use his link to sign up at ING.

So much for credibility…

]]> By: What I’m Reading 4.25.09 | A Merry Life http://www.iwillteachyoutoberich.com/blog/tip-using-sub-savings-accounts-for-unexpected-expenses/#comment-96084 What I’m Reading 4.25.09 | A Merry Life Sat, 25 Apr 2009 11:01:25 +0000 http://www.iwillteachyoutoberich.com/blog/?p=1567#comment-96084 [...] One thing I’ve read about and actually done is making saving automatic.  Once I get paid it goes into my ING Direct account and then I split that off into sub accounts like my travel fund and house down payment fund.  I read about this little tactic on I Will Teach You To Be Reach. [...] [...] One thing I’ve read about and actually done is making saving automatic.  Once I get paid it goes into my ING Direct account and then I split that off into sub accounts like my travel fund and house down payment fund.  I read about this little tactic on I Will Teach You To Be Reach. [...]

]]> By: Amy http://www.iwillteachyoutoberich.com/blog/tip-using-sub-savings-accounts-for-unexpected-expenses/#comment-95385 Amy Thu, 16 Apr 2009 19:44:26 +0000 http://www.iwillteachyoutoberich.com/blog/?p=1567#comment-95385 I just opened five sub-savings accounts and set up automatic deposits for all of them and it took seven minutes, so I don't see it as any particular hassle. I just opened five sub-savings accounts and set up automatic deposits for all of them and it took seven minutes, so I don’t see it as any particular hassle.

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