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My bank has this feature. It basically rounds up to the nearest $5 when I use my card and put that money in a separate account. Was really useful and nice to ha
by theodorton 11y ago
My bank has this feature. It basically rounds up to the nearest $5 when I use my card and put that money in a separate account. Was really useful and nice to have some spare fun-money every month, but I ended up draining the account every time it reached ~$150. After I started using YNAB it was just too much overhead, now I consciously save towards my savings goals when paycheck arrives.
- yitchelle 11y agoPerhaps you can name and fame this bank. Sounds like a great feature to incentive more savings. We should start thinking in terms of investing rather than in terms of savings.
- chrisdroukas 11y agoBank of America has a similar program called "Keep the Change". https://www.bankofamerica.com/deposits/manage/keep-the-change.go https://www.bankofamerica.com/deposits/manage/keep-the-chang...
- driverdan 11y agoToo bad it's BoA.