Ian's list

Top picks from the web on money and your life, from ING economist Ian Bright – March 11, 2016

At your fingertips

At your fingertips

Savings app Digit will soon transfer sums from US tax refunds to savings automatically, a BusinessInsider report says. Digit already “decides” savings by tracking income and spending, moving a little to savings every two or three days. Automation can help people sidestep inertia – and save more.

Notes gone? Nein!

Notes gone? Nein!

Plans in Germany to ban cash payments of more than €5,000 have met with fury, according to news site The Local. Cash limits are standard in many countries, writes reporter Jörg Luyken, but it seems coin-carrying Germans take a dim view, arguing the move is a form of spying.

Spending to save

Spending to save

It is easy to actually spend more when trying to save, Sendhil Mullainathan notes in the New York Times . He says people do more to get a $50 item for $40 than for $15 off a $400 item: proportionally, the smaller sum seems like a bigger saving – with wealthier folk more apt to make mistakes.

SpendingSavingMoneyMental accounting

Ian Bright
Ian Bright

Senior economist at ING
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