Using The Irregular Fund To Pay For School

I am currently taking a course online  to further my professional life. The payment for classes are due every five weeks because that is how long each module lasts.

I am paying for the classes using my Visa card in order to take advantage of the cash back rewards program but I am also using ING to budget for the money.

Every month when I get paid I transfer the payment for the class over to the Irregular Fund in ING, which is one of my sub accounts there. Then when the bill is due, usually during the middle of the month I have the payment pushed from ING over to the credit card. This way the money can earn a few cents interest in a savings account and I can get a few days of float by paying with a credit card.

Of course this means that I have to set up another transfer as all payments come from my checking account with ING but since money is deposited every 4 weeks but then taken out every 5 weeks I have a good flow going.

Author: Lulu

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  1. That is a great way to earn a few extra cents/dollars. Just by being responsible and yes it may take a little extra time and effort, but in this day, it pays to be frugal and work on how to make your money grow for you even if it is only for a short period of time!

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  2. Very nice Idea. I worked out same idea, to get some earnings without any effort. I earned money without any trouble, one month I took money from the other account, and I am not able to pay the amount for the credit card, in that month I lost all the earnings I earned in the past 6 months. You must be very punctual in your payments. Don’t wait until the last paying day. Pay the credit card payments before one week.

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  3. With money-earning tips like that, you don’t need to do any courses – you know your stuff! 🙂
    Good luck with the course. Hope that it goes well for you.
    Out of interest, what you studying?

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  4. I think that’s a great idea that you’re going back to school to further your professional career. I just posted an article about going back to school and will be doing a series on it. Basically the article tells you what kind of things you can limit yourself from spending on so you can save for school.

    If you have a chance check it out and let me know what you think 🙂

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