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Starting in January, when DW goes back to work, we will be starting a new savings plan. Our budget will include $100 from each paycheck (about $400/month) to be direct depositied into a savings account.

About half of that money is for the tax bills on our house. I refinanced the house with no escrow for taxes, so I need to save for that myself. No big deal, just need to plan for it.

The other half is for our emergency fund. We have a small one now, but with DW home on maternity leave I may need to dip into it.

Anyway, I want the money to be difficult to get access to, so I don't feel tempted to dip into it for no good reason. For the record, I don't think that would happen, but I also didn't think I'd still have CC debt in 2003 :)

But I have to be able to get money our of it as the tax bills come due, or if a justified emergency comes up.

Many of you have talked about ING. I was going to simply open a savings account with my bank (Wachovia) and put to money there. Before I do, I have a few questions.

What is ING and do you think that may be a better solution?
Where can I get more information on ING?
Do any of you have any better/other suggestions?

Thanks for all your help.


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