Blogging Away Debt

From ING Direct – Bank Fees are Like Financial Wedgies

I was snooping around the ING Direct website a little bit today, and I came across the page that lists their current outdoor advertising. I got a kick out of some of the slogans they are using for their savings account so I thought I would share my favorites:

“Bank fees are like financial wedgies.”

“Bank fees. Like a screen door on a submarine.”

You can click here to see all of them.

We’ve been fortunate because our current banking institutions do not charge fees for normal everyday use. But in the past we did have a savings account that earned interest, but would charge us a fee when the account dropped below a certain balance (which it sometimes did). Needless to say, we no longer bank with them.

No more financial wedgies for us LOL 🙂

Time To Attack Our Debt Again

by Tricia

For a while there, we were concentrating on beefing up our savings account. As it sits today, we now have over $3,000 in our savings account. We’ve contributed some, and we’ve also received some help from others opening ING savings accounts using our referral links (thank you!). I feel good about having that much in there. That is more than enough to get us through a month of expenses.

I’ve been reading lately about credit cards magically raising their rates. That makes me nervous, because one of the reasons given by the companies is that the card holder had too much debt. We still have a large balance on our credit card and it’s at 0% right now. If it raised, well, that would be very, very bad (to put it lightly). It’s time to get back to attacking our debt.

We’ve had some money sitting in our checking account waiting for me to figure out what to do with it. I’ve been pretty busy lately, so I set our finances on autopilot last week. I dug my nose in there today, and saw that we could pay $600 more to our credit card. Our credit card debt is now at $16,362.

I hope to be able to pay a little bit more before the end of the month, but we’ll see. I’m expecting a few checks in the mail, but I never count on them and I don’t “spend” them until I see them safely deposited into our bank account. Doing it like that keeps us out of trouble 😉