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Colorful Checking Accounts

May 26th, 2008 at 08:05 am

I (we) have two checking accounts with BofA, and one with Chase. I gave each account a "color" and ordered checks in those particular colors to keep everything straight. On my budget, I note the color the bill was paid from.



So, one BofA is Green, and one is Yellow. Our Chase is Blue.

So... why not open an Orange account? Especially @ 3.00% interest? There was no reason why not, so I did.

I have 200.00 going to our regular Savings account (which currently is colorless) - so I will change that so 1/2 of that will go to Orange. I want to keep some cash in our local Savings, just in case - but I also plan on using our Blue account just for the Escrow, Allowance, Household, and Emergency Fund - so once that is built up - I can switch to add more of that amount to the Orange account.

So - I have a plan, and everything is in place. I just cannot wait to start seeing the difference my plan makes.

Posted in Uncategorized | 6 Comments »

6 Responses to “Colorful Checking Accounts”

  1. koppur Says:
    May 26th, 2008 at 08:22 am

    I just opened 2 new savings accounts, and I feel the same way..I can't wait to see those number add up!

    Congrats on the new ING account! Smile

  2. Blue Eyes Says:
    May 26th, 2008 at 08:30 am

    That is a good idea. I also have an ING account and I love it!

  3. Amber Says:
    May 26th, 2008 at 10:02 am

    Way to go, you will like ING...I find it more user friendly than HSBC eventhough HSBC has a higher rate

  4. ZenQueen50 Says:
    May 26th, 2008 at 10:16 am

    Congrats to you!!

    I don't know what it is about ING, but it's truly popular in many ways, even if it offers a lower yield than its competitors.

    I know I certainly won't stop being a "customer" there.

  5. 76Chick Says:
    May 26th, 2008 at 10:22 am

    Thanks guys! Smile I actually work for Countrywide Bank, which also has an Online Savings account (SavingsLink) but - I think the last time I looked, the Rate was 2.92 (I could be wrong, though). I may add more accounts later - as it never hurts to save a bit of cash!

  6. honeichild Says:
    May 27th, 2008 at 07:15 am

    Congrats on the ING account, I love mine.
    You've also motivated me to create my spending plan.

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