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Micropayment Idea
I have thought for some time thought there is a need for a mobile, web application that would bring credit card payments into the realm of impulse decisions, similar to the impulse purchases that got folks into debt in the first place.
It could be called, Save-a-Latte, and would work like this: You are walking down the street, see a Starbucks and are about to impulsively go buy a premium coffee beverage, but if you resist the urge you could open your phone, and pay $3.89 toward your credit card debt, thus getting some sort of satisfaction right on the spot.
It could hook into your personal finance software and bank accounts, display some nice graphs and encouraging data.
What do you think?
- noodle 18y agoquestion -- would you be paying $3.89 toward your CC debt with...what? your CC? aren't you doing that by not buying the latte with your CC? i mean, i like the concept, but its a little flawed based on how you're describing the idea.
- mixmax 18y agowhile I agree with you there are ways around this. Many people have a savings account or similar where the money could be transferred to. Alternatively the company could have an account where you transfer money to. This way you can see your account grow when you log in - maybe you can specify a goal in your settings (pay off xxx $, buy a stero, whatever) and when the goal has been reached the money is transferred back to your account. I think it's a great idea, and I'd love to give a hand with usability/conceptual/whatever stuff. Sounds like fun...