As the dozens HQ is near Tower Bridge, the easiest way to get to work from my home is via London Bridge - along with 1,000,000 other commuters. It is closer, but much more expensive as it costs over £5 to travel to Zone 1
BUT … a short walk away is Wapping Station which is in Zone 2. Travelling here instead only costs £3.40 and I get to add a few hundred more steps to my daily count. So I’ve created a rule that when my phone enters a defined area around Wapping Station I transfer £1 to savings. Instead of giving £2 a day to TfL, I put it in my savings (for some new shoes, presumably).
I’m fascinated by Space stuff. I created a fun rule that puts £1 into my savings every time the International Space Station (or ISS) passes over dozens HQ. The idea is to save towards my own eventual trip to space …
… what I had not realised when I set it up is how often it passes over the UK! On some days it can happen man times a day. If you use it, watch out!
The good news is that if your account doesn’t have sufficient funds, the rules simply do not run. If you find you’ve ended up moving too much into the savings pot, you can quickly and easily transfer some funds (or ‘withdraw’ them) back into the spending pot.
Your #1 example is exactly mine - arrive at my office and move the money, as I don’t go to the office every day.
But by artificially limiting the amounts to be moved, I can’t move the full £9 in one go.
Why the restriction in the first place? If you decided to award yourself £6 instead of £1 you wouldn’t be able to either…
Thanks - read it. I know about IFTTT, but I just find it not too relevant…?
Like save £5 when someone tweets. Save £5 when I use Uber?
It doesn’t feel to me as teaching me the right behaviours, I see it as a forced punishment to accumulate more money aside that I shouldn’t touch.
how do I know what rules really suit me? (behaviour and amount)
how do I get Dozens so that it really reward me based on my good behaviour leading to good financial outcomes?
There’s a bit more to the IFTTT integration than “punishment”, but I do understand what you mean. We are working to make these more varied and we’re keen to find even more fun, creative and positive ways to use them.
This is an extract from our FAQs regarding savings rules for your information:
Switch on one of our Saving Rules and money will automatically move from your Current Account to your Cash Savings whenever something specific happens.
Saving rules can be used for different things:
– Rules that are regular
roundups – This will round up every transaction to the nearest pound and move that change into your cash savings.
monthly/weekly – This will move a set amount of money into your cash savings at particular intervals
– Rules that recognise when you’ve been good
These are rules that recognise when you have done something that has saved you money. For example, our ‘Hot saving’ rule will put some money aside every time you let your home temperature drop below 20°C. So, you get positively rewarded for turning the heating down and see your savings going up.
– Rules that encourage good habits
Or perhaps there’s another good habit in your life you want to instil? Why not use the ‘Fit Saver’ rule and save some money every time you achieve your calorie goals on Fitbit? Or perhaps setup the ‘Location Saver’ to save money every time you visit your gym (or even ‘tax’ yourself by saving when you visit the local takeaway!)
– Rules that are just for fun
Saving doesn’t need to be all about routines and predictability. Our savings rules can add an element of excitement. For example, “Rainy day funds” will save a pound each time it rains in London, so the drizzly days could save towards some time in the sun.
Or ‘Save a tweet’ could save every time your fave celeb tweets.
To enable these rules we’ve partnered with IFTTT – a service that uses ‘applets’ to connect different areas of your life. For most of the rules you will need to create an IFTTT account (IFTTT have absolutely no access to your financial data). For Roundups and monthly/weekly savings no IFTTT account is required.
If you give me an example of what you are trying to do we can try to help …
I’m not used to making lots of my own applets, but I have made a few and I’m also looking at how we can do more with IFTTT so if it is not possible today, it is something we may be able to try to make work for the future
The key is to have a measurable “trigger”. You need something to actually happen (that is connected to IFTTT) … and once that happens, it is easy to get the Dozens action (save money) to happen
I often buy a bag of fruits a week, and put it on the desk and consume it. I think it’s healthy, also saves a lot of money! Consider buy individual fruit is 30, 40p, and buy a bag is only £1+. But I only meet my target like 50-60%
It would be nice, if I pay with Dozens at Tesco (which is where I normally buy en route), and that Dozens knows that I bought fruit, triggers the savings to add £1 as a reward / encouragement