Dedicate a savings account to your goal, and even better -- auto deduct from your checking account so you are forced to meet it. Smarty Pig.com piggy banks.
Aggregate your accounts within your own banks website, or check out Mint.com
Learn about your student loan debt, and your repayment options from Saltmoney.org
If you have personal finance tools that you use regularly and speak highly of, I'd like to hear about them.
Showing posts with label bank. Show all posts
Showing posts with label bank. Show all posts
Monday, February 06, 2012
Sunday, January 01, 2012
digital cash
it is the next big thing.
I want to be able to give you cash, as easily as it is to take a 20$ bill out of my wallet and hand it to you.
We are there, the technology allows for it. Who is going to do it?
I want to be able to give you cash, as easily as it is to take a 20$ bill out of my wallet and hand it to you.
We are there, the technology allows for it. Who is going to do it?
Tuesday, October 21, 2008
P2P Money sharing
This year I had an idea about using P2P (peer-to-peer) concepts within the finance world, so of course the first thing I did was to see what exists out their in the realm of p2p lending. I first came across Kiva.org, an organization which helps developing nations entreprenuers out with small business loans. Instead of donating money to a charity and having no idea how each of my dollars was used, I could see that I was helping out an individual and her family to help grow her business. After she repays her loan, I can help out someone else with those funds--
I also came across Prosper.com, which tends to have a bit more of a capitalistic vs humanitarian approach of allowing us to choose who to lend to and the rate they hope to see in return -- the credit checks are part of the profile, and with lower credit borrowers you can expect a higher return, although you assume more risk. The best rates/bids for the borrower are the ones that win.
Recently, I found a company that focuses on the student loan market -- Fynanz, and I think going forward this kind of alternative student loan may become more attractive to people. It also allows for family/friends to loan money to someone they know while adding a layer of accountability instead of having a paper- IOU written.
All interesting concepts, especially in todays world of large bank mistrust -- any thoughts on which one if any you would consider putting some of your hard-earned money towards?
I also came across Prosper.com, which tends to have a bit more of a capitalistic vs humanitarian approach of allowing us to choose who to lend to and the rate they hope to see in return -- the credit checks are part of the profile, and with lower credit borrowers you can expect a higher return, although you assume more risk. The best rates/bids for the borrower are the ones that win.
Recently, I found a company that focuses on the student loan market -- Fynanz, and I think going forward this kind of alternative student loan may become more attractive to people. It also allows for family/friends to loan money to someone they know while adding a layer of accountability instead of having a paper- IOU written.
All interesting concepts, especially in todays world of large bank mistrust -- any thoughts on which one if any you would consider putting some of your hard-earned money towards?
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