I donâ€™t think I have said this lately, but ING Direct Canada is awesome â€“ not only do they offer a great way for you to earn FREE money through their account referral program â€“ the Orange Key Promotion, but they also offer a great free Chequing account â€“ the THRiVE Chequing account.
With that all said, I will begin to discuss what the focus of this article will be â€“ the new addition to INGâ€™s mobile banking app, â€śSmall Sacrificesâ€ť.
What is Small Sacrifices on the Mobile Banking App?
â€śSmall Sacrificesâ€ť 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 donâ€™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 INGâ€™s â€śSmall Sacrificesâ€ť does is that mine is not visual â€“ 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 â€śsmall sacrificeâ€ť to be, and focus on it.
They give you a great looking bar graph to outline what you are able to save in the long run â€“ especially when you are able to look at the results in the form of daily, weekly, monthly or once.
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 â€śSmall Sacrificesâ€ť Feature?