Tuesday Dec 23, 2014

ING Direct Canada Launches “Small Sacrifices” Feature on Mobile App

21 August 2012

I don’t think I have said this lately, but ING Direct Canada is awesome – not only do they offer a great way for you to earn FREE money through their account referral program – the Orange Key Promotion, but they also offer a great free Chequing account – the THRiVE Chequing account.

With that all said, I will begin to discuss what the focus of this article will be – the new addition to ING’s mobile banking app, “Small Sacrifices”.

What is Small Sacrifices on the Mobile Banking App?

“Small Sacrifices” is a new feature that allows users to visually see how much they can save when they forgo various everyday indulgences.

We all know that forgoing our daily cup of Tim Hortons, or not buying lunch every Friday, can have an effect on our savings. Realistically, you can save a good bit when you really sit down and work out the math.

I don’t know about you guys but usually, when I do this, I tend to go as far as how much money I would save in a year and a half. The difference with what I do, and what ING’s “Small Sacrifices” does is that mine is not visual – in any way! They also go as far as 25 years!

That said, ING takes what you into 5-25 years into the future and allows you to select what you want your “small sacrifice” to be, and focus on it.mza 8873221165979828466.320x480 75 ING Direct Canada Launches Small Sacrifices Feature on Mobile App

They give you a great looking bar graph to outline what you are able to save in the long run – especially when you are able to look at the results in the form of daily, weekly, monthly or once.

mza 5473073933098684694.320x480 75 ING Direct Canada Launches Small Sacrifices Feature on Mobile App

What makes this feature great is that you are limited to only one small sacrifice you want to monitor; you can have several, making it easy for you to see various things you can give up that could potentially yield you a larger savings in the long run.

What do you think of the new “Small Sacrifices” Feature?

 

About the Author

Sensei

My favorite weapon of choice is the samurai sword. I use it to cut my chicken during dinner, cut my hair and periodically carve my name into stone when I am bored. I love meditating on top of a 15ft high pole and eating those sushi’s with smoked salmon on top. I love everything there is about Canada and everything financially related to Canadians. I write deily posts from Canadian Banks to Credit Card information.

Comments (2 )



Susuu Wrote:

You may like ING’s Thrive chequing account, but I wouldn’t touch it with a 10 foot pole. The first set of cheques is free, but after that you pay whenever you need new cheques. Thanks, but I’ll stick with my current bank, as it charges me nothing.

That said, I do like (but only to a limited degree – the interest rate is definitely not the highest available) ING’s TFSA and regular savings account.

[Reply]

Sensei Reply:

From what I can remember, their rates were not too expensive. But it is true, if you like what you have, there is no need to change :)

[Reply]

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