OpenIDEO is an open innovation platform. Join our global community to solve big challenges for social good. Sign up, Login or Learn more


Recent contributions


Contribution list

Recent comments

(1) View all

Randy commented on Discipline services

Hi Kate,  Perhaps it could be either.  I don't think it can be mandated, but perhaps compliance could be incentivized.  For example,  if there are services that enable financial discipline by such means as limiting monthly withdrawls, and a subscriber chooses that, then perhaps they would receive a higher interest rate or additional services, such as an alternative suggestion engine for purchases they would like to make but can't afford.   I'm thinking more about people who have saved a small nest egg, but need to make it last.  I am working with a relative right now in this situation and trying to help them put together a sustainable plan.  But the services and tools out there are limited, and it would help to have something that would enforce the plan/budget as it may be difficult for them to do on their own.