I've been talking with a friend now and then about INGdirect, and how she really should have an account there. I've explained the whole referral thing, but she just doesn't "get" what the benefit to having an ING account would be.
I tried to do a comparison for her - the credit union she banks at give 0.25%, ING is at 2.25%. She says she doesn't want to switch banks. I can't get her to understand that it's not switching banks, it's just opening up an additional savings account.
This is one person who NEEDS a savings account. She's a compulsive spender, and would benefit greatly from having a little money taken from her regular account every month and put aside in an ING account to accumulate for vacations, or christmas, or whatever. We even did a self-made group savings plan a few years ago where she and another friend would give me an amount every week that I would up into MY savings account. I managed (tracked) the account and at end of it we all went to Disneyland and had a great time. While we were doing that I opened up an ING account. My bank savings account had 10x the cash that the ING account had in it, and yet the ING account made a lot more interest than the bank savings account.
But I know that no matter how I try to explain it to her, she's just not going to "get" it.
Anyone else go through this? How do you explain to people like this the benefit of something like ING? Or do you just give up and put up with their complaining about not being able to save enough money?
I tried to do a comparison for her - the credit union she banks at give 0.25%, ING is at 2.25%. She says she doesn't want to switch banks. I can't get her to understand that it's not switching banks, it's just opening up an additional savings account.
This is one person who NEEDS a savings account. She's a compulsive spender, and would benefit greatly from having a little money taken from her regular account every month and put aside in an ING account to accumulate for vacations, or christmas, or whatever. We even did a self-made group savings plan a few years ago where she and another friend would give me an amount every week that I would up into MY savings account. I managed (tracked) the account and at end of it we all went to Disneyland and had a great time. While we were doing that I opened up an ING account. My bank savings account had 10x the cash that the ING account had in it, and yet the ING account made a lot more interest than the bank savings account.
But I know that no matter how I try to explain it to her, she's just not going to "get" it.
Anyone else go through this? How do you explain to people like this the benefit of something like ING? Or do you just give up and put up with their complaining about not being able to save enough money?
