Reply to How do you pay for a "big ticket" item?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We have an ING savings account and use that for short term funds that we can transfer in and out of checking as needed.  We use that for car purchases, estimated taxes, home improvement items, tuition payments over our 529 amounts, etc. [/quote]

Thanks- is that something you contribute a smaller portion of your salary to that every month?  Maybe we should open another account.  [/quote]

Sort of.  We don't really have salaries - just get chunks of money periodically as clients pay - so I always put at least 50% in ING for taxes, then usually whatever else we don't need for current expenses.  When there is too much in the ING account I transfer it to investments.  When we had salaries I just transferred to ING when I had an excess amount in checking so didn't always do it every month.

ING has just turned into Capital One.  Hoping it won't change things.  ING has higher interest rates and is super easy to transfer in and out of.  And all online.[/quote]

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