I just stumbled on this interesting pot idea hosted by Monzo in the IFTTT app that we could implement here on Jupiter too.
Here’s the gist of the pot-
“Monzo’s 1p savings challenge gradually increases the amount that you save each day. Meaning you will save 1p on the first of January, and up to £3.65 by the end of the year. In total, you will have saved over £600 in 2022…”
This when implemented in INR would be super rad. With rule based automation, this idea could be applied to a spare change pot or even a MF pot too in the future
It’s a nice idea and it also shows us the power of compounding. I just have 1 suggestion that if it is possible you can link this pot with a higher interest rate than the usual like say 4% and for that you can also create a fix lock in period of let’s say a year or something like that.
In short i just want to say that you can add this pot with a different lucrative offer to attract consumers towards it.
Yeah, to make it lucrative is in the hands of team Jupiter. They need to work on the interest part to strike a balance and excite the Indian audience. We’re less fancy pantsy and more inclined towards the return in money matters
