Teach Your Bank to Yell at You

 

Teach Your Bank to YELL at You #AdriansCrazyLife A clever life hack to get your spending under control.  Overspending is one of the things that can really mess up a debt management plan.  I know it trips me up again and again.  Here’s a clever idea that might help.  

What if you were really serious about getting your spending under control? You could set it up so that your husband gets an Email every time you spend XXX amount of money. Or your mother? It would be pretty embarrassing, but it would certainly be a good deterrent!

“What if you were really serious about getting your spending under control?”

A couple of guys were talking outside my cubicle at work the other day. They were joking about having to “bird-dog” their wives spending on a daily basis to keep it under control. At the time, I thought it was pretty disrespectful, but on the other hand, I could see their point, if their wives were crazy spending and not making reasonable attempts to keep it under control.

However, with most major banks, it is possible to set up all kinds of alerts, and I use them – a lot. I do leave my husband out of it. Instead, I let the bank yell at me directly. Obviously, they don’t actually YELL at me, but I do get daily Emails for all sorts of things. I get alerts if I let my savings balance drop below a certain range, if I spend more than a certain amount on my Visa, or if my checking account hits rock bottom.

This helps in several ways. It’s kind of a pesky nag point for me to want to get my balances back where they are supposed to be – it is such a relief when the Emails stop after a period of weeks or months! It also acts as a fraud alert in case someone charges a bunch of stuff on my credit cards or checking account, and it also gives me a quick warning in time to head off an overdraft. Those darn little bank alerts are a pretty handy little tool, if you use them correctly.

What ways can you think outside the box to outsmart your money?

 

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Comments

  1. That’s a great idea to provide your own guilt (and to avoid it by making better decisions).

    • I’m so glad you liked my idea. I visited your website also and it looks like you’ve got some great money saving tips also. Yay for the thrifty bloggers!

  2. Great idea. I’m so stupid with money I’m not sure it will work!

  3. This has me thinking now. I know someone who needs help with this but I don’t know if their bank provides alerts like this. Will have to look into it.

    Visiting from SITS. Hope you had a great day!

  4. this is a great idea! We have been working towards a few financial goals and this might help us!
    thank you for sharing :D
    Keia

  5. Ah, great idea! Who wants pesky reminders–great incentive to keep things under control with spending. Happy SITS day!

  6. I did NOT know you could do this with a bank account! Great suggestion for someone like me! I use an app called Mint.com and is actually a product of Intuit and works with my Turbo Tax software that helped me complete my taxes this year way up here in Canada! Great post!xoxo

  7. great tips! My Husband is a Financial Advisor. So, even if I want to spend some money recklessly, I can’t do it under his nose :) He has taught me many things about Finance and how to handle money most effectively. I suppose it is okay to say I am far better in money management than i was a few years ago.. Hopping over from SITS. Have a wonderful day :)

  8. Good advice Adrian! I actually didn’t know that you could do that with your bank.
    Thanks for linking up to my Organizing Mission link party. I would love for you to grab my button or link for your post.
    Thanks!

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