Money and Kids: How to Save

Since our son was little we have always tried to save a little every month for when he graduates high school and goes on to college. Since savings account rates are so low at our local banks, we chose to open an ING Orange Savings Account. No, the annual yield is not extremely high but they are higher than your average savings account. It also gives us a way to easily transfer money from our checking account online. There is no fee and no minimums. It’s free and easy. You can also set up reoccurring direct deposits to be made into the savings account from your checking. I am so forgetful, so it’s nice to not worry if this is getting done every month. (more…)