Earlier quoted context omitted.
There's some confusion we probably need to clear up on what our "rate" is. Our base rate if you win no prizes ever is 0.20%. Including the expected value of prizes it's above Marcus today.
Yeah I would change your home page to put your "rate" with some way to denote that the interest rate + EV is better than competitors, instead of putting just the base rate.
Launch HN: Yotta Savings (YC S20) – Behavioral psychology to help people save
281–290 of 309 posts
Re: Launch HN: Yotta Savings (YC S20) – Behavioral psychology to help people save
#282This is a great idea. Congrats Adam & team on launching.
Re: Launch HN: Yotta Savings (YC S20) – Behavioral psychology to help people save
#283Does it work worldwide?
Re: Launch HN: Yotta Savings (YC S20) – Behavioral psychology to help people save
#284Earlier quoted context omitted.
While it's a good time to borrow, you still need accessible cash saved up for an emergency no matter what.
Hey Adam, I am Shawn. Are you guys open to bringing on affiliates? Would love to speak with you guys to promote this great app.
Re: Launch HN: Yotta Savings (YC S20) – Behavioral psychology to help people save
#285I love the concept!
Re: Launch HN: Yotta Savings (YC S20) – Behavioral psychology to help people save
#286Earlier quoted context omitted.
I'm the same way, I know the lottery is a terrible bet but I still find myself buying a ticket every now and then. This was one of the main motivations for starting Yotta for me. Will definitely check out The Lottery in Babylon!
Saving USD is a terrible bet
Re: Launch HN: Yotta Savings (YC S20) – Behavioral psychology to help people save
#287I do budgeting using ledger cli and live it although it’s pretty manual and would love a decent tool to do it.
None of the paid ones really draw me but if there was something really good in this space I’d be interested.
Not sure if the solution but I imagine something that gives you virtual high fives for saving instead of spending etc.
Re: Launch HN: Yotta Savings (YC S20) – Behavioral psychology to help people save
#288Are you planning on integrating with tax reporting tools such as TurboTax?
Re: Launch HN: Yotta Savings (YC S20) – Behavioral psychology to help people save
#289Do you have research that $.1 winnings motivate instead of just disappointing people?
Re: Launch HN: Yotta Savings (YC S20) – Behavioral psychology to help people save
#290Give where interest rates are, young people should be borrowing more (but not student debt), not saving more.
While it's a good time to borrow, you still need accessible cash saved up for an emergency no matter what.