Comments on: Saving With Shoeboxes: An Open Letter To My Bank http://www.cpeterson.org/2009/07/23/saving-with-shoeboxes-an-open-letter-to-my-bank/ Mon, 02 Jan 2012 19:08:15 +0000 hourly 1 http://wordpress.org/?v=3.2 By: More Shoeboxes Stuff - Chris Peterson http://www.cpeterson.org/2009/07/23/saving-with-shoeboxes-an-open-letter-to-my-bank/comment-page-1/#comment-1343 More Shoeboxes Stuff - Chris Peterson Fri, 28 May 2010 22:58:29 +0000 http://www.cpeterson.org/?p=114#comment-1343 [...] I already do this with my dozen savings accounts from ING Direct – “Car”, “Rent”, “Groceries”, “Vacation”, etc – but it’s nice to have some more empirical validation for what I’m pushing. [...] [...] I already do this with my dozen savings accounts from ING Direct – “Car”, “Rent”, “Groceries”, “Vacation”, etc – but it’s nice to have some more empirical validation for what I’m pushing. [...]

]]> By: In Search of Shoeboxes: Goodbye BoA, Hello ING! - Chris Peterson http://www.cpeterson.org/2009/07/23/saving-with-shoeboxes-an-open-letter-to-my-bank/comment-page-1/#comment-1059 In Search of Shoeboxes: Goodbye BoA, Hello ING! - Chris Peterson Wed, 03 Mar 2010 15:34:15 +0000 http://www.cpeterson.org/?p=114#comment-1059 [...] chris on Mar.03, 2010, under general Readers of this blog will recall Saving With Shoeboxes: An Open Letter To My Bank, in which I reviewed some research from behavioral economics and suggested that banks might [...] [...] chris on Mar.03, 2010, under general Readers of this blog will recall Saving With Shoeboxes: An Open Letter To My Bank, in which I reviewed some research from behavioral economics and suggested that banks might [...]

]]> By: Rob http://www.cpeterson.org/2009/07/23/saving-with-shoeboxes-an-open-letter-to-my-bank/comment-page-1/#comment-111 Rob Thu, 27 Aug 2009 02:53:13 +0000 http://www.cpeterson.org/?p=114#comment-111 Maybe something like this: (saw their ad on tv 2 days ago) http://www.suncorp.com.au/suncorp/personal/everyday_banking_accounts/everyday_options_sub.aspx Maybe something like this: (saw their ad on tv 2 days ago)

http://www.suncorp.com.au/suncorp/personal/everyday_banking_accounts/everyday_options_sub.aspx

]]> By: Bill Clerico http://www.cpeterson.org/2009/07/23/saving-with-shoeboxes-an-open-letter-to-my-bank/comment-page-1/#comment-64 Bill Clerico Thu, 13 Aug 2009 08:27:17 +0000 http://www.cpeterson.org/?p=114#comment-64 love the post. part of what we're doing at wepay is making it easy for people to set up as many accounts as they'd like. and then, if you want to share some of those accounts with other people (say you're saving up for something) - you can do that. we're still in private beta, but contact invites at wepay dot com and we'd be glad to hook you up! Bill co-founder wepay.com love the post. part of what we’re doing at wepay is making it easy for people to set up as many accounts as they’d like. and then, if you want to share some of those accounts with other people (say you’re saving up for something) – you can do that.

we’re still in private beta, but contact invites at wepay dot com and we’d be glad to hook you up!

Bill
co-founder
wepay.com

]]> By: Envelopes Exist - Chris Peterson http://www.cpeterson.org/2009/07/23/saving-with-shoeboxes-an-open-letter-to-my-bank/comment-page-1/#comment-61 Envelopes Exist - Chris Peterson Mon, 10 Aug 2009 14:52:05 +0000 http://www.cpeterson.org/?p=114#comment-61 [...] 2009, under general When I advocated some money management tools levering the bracketing effect in “Saving With Shoeboxes”, I thought I was taking some obscure academic research and applying it in a novel, original [...] [...] 2009, under general When I advocated some money management tools levering the bracketing effect in “Saving With Shoeboxes”, I thought I was taking some obscure academic research and applying it in a novel, original [...]

]]> By: chris http://www.cpeterson.org/2009/07/23/saving-with-shoeboxes-an-open-letter-to-my-bank/comment-page-1/#comment-60 chris Mon, 10 Aug 2009 14:32:12 +0000 http://www.cpeterson.org/?p=114#comment-60 Kevin - I've never heard of mvelopes but yes this seems to be exactly what I am talking about. I'm going to do some research on them to see if they are on the up and up but that could be a gamechanger for me. Thanks! Kevin –

I’ve never heard of mvelopes but yes this seems to be exactly what I am talking about. I’m going to do some research on them to see if they are on the up and up but that could be a gamechanger for me. Thanks!

]]> By: Kevin http://www.cpeterson.org/2009/07/23/saving-with-shoeboxes-an-open-letter-to-my-bank/comment-page-1/#comment-59 Kevin Mon, 10 Aug 2009 14:28:10 +0000 http://www.cpeterson.org/?p=114#comment-59 Have you considered something like mvelopes.com? Lets you set up envelopes to assign money to for a single account. So you don't have a bunch of accounts out there to manage, you just have one with money assigned to various functions. Kevin Have you considered something like mvelopes.com? Lets you set up envelopes to assign money to for a single account. So you don’t have a bunch of accounts out there to manage, you just have one with money assigned to various functions.

Kevin

]]> By: aaron http://www.cpeterson.org/2009/07/23/saving-with-shoeboxes-an-open-letter-to-my-bank/comment-page-1/#comment-54 aaron Mon, 10 Aug 2009 03:02:51 +0000 http://www.cpeterson.org/?p=114#comment-54 re: ING savings You can create new 'shoeboxes' very nearly on the fly (iwillteachyoutoberich.com had a really good tutorial on this, but I can't find it now, maybe he put it in his book & took it off his site...). The initial setup took me about a week (they pinged the checking account to make sure I had proper access to it & that verification took a while). Now any time I want to set up a new shoebox, all I have to do is click 'open new account', select 'orange savings', give it a name, tell it where to draw money from (each of my shoeboxes draws money from my checking after each of my pay-days). I don't know about deleting one, because I haven't done that yet. re: ING savings

You can create new ‘shoeboxes’ very nearly on the fly (iwillteachyoutoberich.com had a really good tutorial on this, but I can’t find it now, maybe he put it in his book & took it off his site…). The initial setup took me about a week (they pinged the checking account to make sure I had proper access to it & that verification took a while). Now any time I want to set up a new shoebox, all I have to do is click ‘open new account’, select ‘orange savings’, give it a name, tell it where to draw money from (each of my shoeboxes draws money from my checking after each of my pay-days).

I don’t know about deleting one, because I haven’t done that yet.

]]> By: Remy Green http://www.cpeterson.org/2009/07/23/saving-with-shoeboxes-an-open-letter-to-my-bank/comment-page-1/#comment-53 Remy Green Sun, 09 Aug 2009 23:39:26 +0000 http://www.cpeterson.org/?p=114#comment-53 Petey, this is good stuff! Good post! Petey, this is good stuff! Good post!

]]> By: Kelley http://www.cpeterson.org/2009/07/23/saving-with-shoeboxes-an-open-letter-to-my-bank/comment-page-1/#comment-52 Kelley Sun, 09 Aug 2009 23:27:22 +0000 http://www.cpeterson.org/?p=114#comment-52 This is something I have been doing through my MS Money account since I first got a checking account when I was 16. Each month a budget for gas, groceries, car insurance, savings, student loans, etc is set aside, so I know what is expendable (just as you're describing here). The ending balance is what I really have to spend. I only access my online bank account to balance the computerized checkbook a couple of times a week. Point is, "shoebox saving" could be accomplished without the bank doing anything, or even without financial software. An Excel spreadsheet could accomplish this end as well. This is something I have been doing through my MS Money account since I first got a checking account when I was 16. Each month a budget for gas, groceries, car insurance, savings, student loans, etc is set aside, so I know what is expendable (just as you’re describing here). The ending balance is what I really have to spend. I only access my online bank account to balance the computerized checkbook a couple of times a week. Point is, “shoebox saving” could be accomplished without the bank doing anything, or even without financial software. An Excel spreadsheet could accomplish this end as well.

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