ING DIRECT Savvy Savings Tips

MARCH 2009

ING DIRECT meets your iGoogle page – Want to get a quick, useful savings tip from your iGoogle home page? After all, every little bit helps – from saving cash at the gas pump to reducing your winter heating bills. Add the ING DIRECT widget now.

Learn more below: Everyday Saving | Save @ Home | Long-Term Investing

Everyday Saving
SavingTake These Money-Savers on Vacation

Like many, you're probably wondering whether you can afford a vacation this year. With some planning and unconventional thinking, you can get that break from the real world – without breaking the bank.

  • Daytrippers, Sunday drivers, etc. – Pack a lunch, top off the tank and head off on a roadtrip to a nearby lake, national park or landmark. Heck, even the world's largest rubber band ball is worth a look if it's only an hour away.
  • Bring along some travel buddies – Book a cabin, beach house or villa with friends or family. You'll save a bundle in rental and food costs.
  • Have you ever heard of couch surfing? – It is an increasingly popular way to see the world inexpensively. Do some online homework to find trustworthy people all over the globe willing to give up a couch or spare room.
  • The opposite of renting – Swap a house for a week, or two, or ten. Anywhere in the world. Invite your new French social networking friend to stay in your West Coast condo – as you crash in her awesome Paris apartment.
  • Don't say it, don't say it...staycation! – OK, we said it. Dumb word, but it's a smart way to take time off when you can't afford to actually take off. Curl up with a few books, hang with family and friends or start that little house project you've been putting off.

It's a rough economy, but there are plenty of innovative ways to escape on the cheap.

RESOURCES

www.independenttraveler.com

www.msnbc.msn.com

www.familytravelnetwork.com

P.S. Save a little each month by setting up an Automatic Savings Plan. The Automatic Savings Plan from ING DIRECT allows you to automatically have a fixed amount of money regularly transferred from your linked checking account to your Orange Savings Account or Electric Orange. Here is how to set it up. To open an account first, visit ingdirect.com.

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Save @ Home
HomePunching Up the Home? Don't Beat Up the Wallet

Did you know your home's also a savings account? There are all kinds of inexpensive things you can do to protect and enhance its value. Here are some idea starters:

  • Pull the old switcheroo – Try switching everything around. Re-arranging rooms, rotating pictures/artwork, etc., jazzes up any place. And it only costs a little sweat equity on your part.
  • One word: Declutter – It's OK to hoard money. Magazines, calendars and shoeboxes? Not so much. Get rid of junk to reclaim precious square footage and pretty up the house.
  • Swap out pulls, knobs and other thingies – For a few bucks, you can refresh rooms with decorative switch plates, drawer pulls, doorknobs and such. Or hit the junk shops and get something funky for even less.
  • A little outside trim work goes a long way – Slap some exterior paint (2 gallons = $60) on the window frames, front door and shutters. $100 can get you new light fixtures, vent covers and house numbers.
  • No paint goes unused – Leftover paint's perfect for rehabbing old patio furniture, decorating flower pots and whitewashing a wooden fence. Use every drop.
  • No weed goes unpulled – Spread a few bags of mulch around, trim hedges, plant some flowers – and yes, pull weeds. Sorry, dandelions don't count as flowers.

New bathrooms/kitchens aside, you don't have to drop much to enhance your home's value. Do it to keep your house mean and clean should you ever want to sell it. Or just because you like a nice house.

MORE INFORMATION

www.doityourself.com

www.househunt.com

www.smartmoney.com

P.S. Need a home loan? Introducing Easy Orange from ING DIRECT with a great low rate of (APR), fixed for 5 years. Be rewarded for managing your credit. Learn more about this great product.

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Long-Term Investing
InvestingPut Your Tax Refund to Work

Does the idea of a tax refund or stimulus cash have you dreaming of sunny beaches and shiny big-screen TVs? Before you dream it all away, run down this checklist. It may be just the personal relief package you need:

  • Cover the basics – Make sure to take care of the most important things first:
    • Are you working? If not, hang on to that cash to cover the bills until you've got a job again.
    • Living with high-interest debt? Pay it down or pay it off. Bye-bye, interest charges!
    • Have an emergency fund? Ballpark 3 to 6 months of expenses. Even $500 could cover a surprise car repair so you're not running up a credit card.
  • Stimulate your cash – You could put extra stimulus cash in a place where it can help build for the future. It may only be a few extra bucks a paycheck, but a little can go a long way. Most employers allow direct deposits to at least three accounts. So, arrange to have pre-set direct deposits sent to your:
    • 401(k) or 403(b)
    • Investment account
    • Kid's college fund
    • Rainy day fund
  • Revisit your investing principles – With stocks hitting historic lows, consider investing. Use your tax refund as an opportunity to:
    • Rebalance your portfolio more affordably. Instead of a sell/buy action, just buy more of any under-represented investment you might already have.
    • Keep diversifying – There's no need to raise money by selling an investment while it's low. Just buy the stock or fund you've been eyeing.

If you've been doing without that "found" money all this time, you won't even miss it. So why not use the extra cash to invest in the future?

MORE INFORMATION

www.bankrate.com

money.aol.com

home.ivillage.com

P.S. Whether you need an all-purpose investment account, IRA or college fund, you'll find great choices at ShareBuilder, from ING DIRECT. Open your account today so you're ready when that extra money hits. No account minimum and no inactivity fees..

Securities products are offered by ShareBuilder Securities Corporation, a registered broker-dealer, Member FINRA/SIPC (www.sipc.org) and a subsidiary of ING Bank, fsb. Investment products are not FDIC insured; not bank guaranteed; and may lose value.

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