I'm sorry if this has been discussed already as I don't follow the iPhone MW discussions (I don't have an iPhone... yet). I just heard a great story on NPR's "To The Point" about how credit card companies are taking advantage of consumers (more than usual) during this economic crisis. One of the speakers (Dan Ariely: Professor of Behavioral Economics, Duke University) came out in defense of a credit card model that fits well with Money Well.
He envisions credit cards working to keep people within their spending plans. You would set up buckets (online I presume) on how much you want to spend on coffee and then when you reach that limit, the card is denied at Starbucks. It would continue working for other buckets, for example at the grocery store. This is exactly what MoneyWell does now, except the credit card model has the benefit of being portable. I don't know what's in my buckets till I'm at my iMac at my desk at home. It would be great to have that information with me while I'm at Starbucks, though (if I ever went to Starbucks). Is this what the iPhone version of MW would do? Tie in with the desktop version, perhaps through the web or an already established site like www.mint.com? This would be a great tool for people to control their spending. Just thought I'd share. Here's a link if anyone wants to listen to the podcast. http://www.kcrw.com/news/programs/tp/tp090316the_credit_card_econ --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
