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Thursday, December 31, 2009

ING Tax Free Savings Kick Start Account

Photo by Joe Shlabotnik
Hurray, we both managed to get the maximum contribution ($5,000) into our ING tax free savings accounts (TFSA) by January 1st.  This means we will get the full bonus from ING, who has something they call a Kick Start account.  Anything put into a 2010 ING TSFA between October 1st and December 31st will receive bonus  interest.   This may seem like peanuts, but year after year, the extra dollars represent money you wouldn't have otherwise had, and when you're trying to maximize the return of your investments, looking for these offers adds up to increased savings.  Last year, my TFSA account alone earned $84.74 in interest from ING.  Part of this was the bonus interest I earned from the same Kick Start promotion.

ING has been a great option for us - the interest is higher than our primary banks offer, and these kinds of promotions have helped us make more out of what we have.  We highly recommend investigating ING if you don't already have an account.  If you decide to go ahead and save or invest with ING, use one of these Orange Keys, and not only will you earn a $13 bonus, so will we.  Again, $13 more than you would have had otherwise.

Our ING Orange Keys:
  • 15608905S1 
  • 30293960S1
With the year now over, we are going to create our first ever household spending budget.  The budget will include our anticipated expenses, compared to actual expenses.   We will have to review and update our budget monthly - we will share it with you on our blog.

Thanks for reading, and we hope you all have a very happy new year celebration.

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