Oct 21

There is a lot of exciting stuff happening at Kiboo. Besides transitioning over to our new bank issuer, Sunrise Banks N.A., we continue to roll out new features that let you Know Your Money® even better. Here are just a few of the great things we are introducing:

Email/Text Goals to get Chip-Ins

Some things you just don’t want to share on Facebook or Twitter. Now you can share a link to a Goal via email, text message, Snap Chat and more to only the people you want to see it. Then, sit back and watch the Chip-Ins roll in!

Saying “Thanks” is even easier

Creating Goals and using Chip-In is the easiest way to save for the things you want and have your friends/family give money towards them. Now, with just a click of button, you can send a Thank You to show your appreciation. No more, “Did you receive that gift I sent? ‘Cause I didn’t receive a Thank You…”

Profile Images

Add a Profile Image to your profile so that your Kiboo is even more YOU. Parents can now see all their little Kiboo’ers faces in one place while using the Family Overview.

Two Factor Login Verification

Security is our priority. Two factor verification allows you to have an extra layer of security when you login. In addition to your password, it requires you to enter a verification code that we’ll send to you by email or text message. It’s a great way to prevent unauthorized users from logging in from an unknown device. You can turn it on/off while editing your “Personal Details.”

These new features are just the icing on top of all the great things Kiboo already offers to help you spend and save your money smarter. As a Kiboo’er, you can stay in control of your spending with automatic budgeting, see where you made a transaction on Google Maps, save for the things you want with Goals and have friends & family Chip-In, and get to Know Your Money® with great tips and advice. You also get a Kiboo MasterCard® Prepaid Card for convenient spending that you can easily add funds to, monitor, and Lock/Unlock if it’s misplaced or you simply want to control that urge to splurge.

View more features

We’re always working to make Kiboo even better, and we hope you like all the new things that Kiboo’s coming out with. If you have any feedback or features you would like to see, please email us at info@kiboo.com. After all, it’s your life, your money, your way.

Join Kiboo
Enjoy Kiboo’ing,

Lisa, Founder & CEO
www.kiboo.com
www.facebook.com/kiboo
@kiboomoney


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Aug 30

After way too many impulse purchases and a dangerously malnourished piggybank, I realized that I needed to do something about the way I spend and save. I decided to use Kiboo as a tool to get smarter with my money. I signed up, got a card, and created a budget. Now, four weeks into this project, I finally have stats to report and compare to the budget I initially set. I also have fresh perspective on what it takes to enjoy city living without feeling irresponsible. Here’s how I did for the month:

Food

I’ve managed to spend smart when it comes to groceries. By buying canned beans, a couple veggies, pasta, and a few servings of meat, I averaged about $15 per week. I ended the month with $65 spent on groceries. I also have gone out to eat about 5 times this month. In fact, I have spent more money eating at fancy restaurants than on groceries. Eating out has cost me $100, leaving me $5 over my (rather generous) budget for food. Now that I’ve bought my own groceries, I’m starting to realize just how ridiculously expensive it is to eat out, and that it should really be treated as a luxury.

Entertainment

My spending on entertainment has been low this month. I’m training for cross country season, so between running and work I’ve been pretty tired. I ended up mostly hanging out with friends at home, which is awesome when living with 5 close friends. My two major expenses this month have been a concert that cost $40, and a party I hosted that ended up costing me $15 for food. Including my earlier Cronut run, my total spending on entertainment has been $60, which leaves me with $20 extra.

Transportation and Travel

I haven’t spent anything on transportation or travel after I paid $40 for a bus ticket home. Also, my internship has paid for my daily transportation this summer. However, that bus ticket was not accounted for, so it put me $40 over-budget.

Household

Earlier this month, I spent $15 on dish detergent and paper towels. Last week, my housemates and I decided we wanted to decorate our backyard. My contribution was Christmas lights, so I ended up spending $15. Also, as the month progressed, I REALLY needed to do laundry. I dried three of four loads on a clothesline to avoid paying for a dryer, but the washer loads and solo dryer load (it was raining that day so I couldn’t use the outdoor clothesline) cost me $10, plus $5 for detergent. However, my total expenditure for the month ended up being $45, $25 under budget! Wooo!

Clothes

This category has gotten tricky. After my first week, I only had $20 left in my budget for the month. This doesn’t sound so bad, except for a few important details. First of all, as I’ve admitted, I’m a shopaholic. Being in New York City and surrounded by incredible fashion has only increased my desire to adopt the new styles I have recently become privy to. Second, I’m living in a tiny apartment with 5 roommates, so I had to be frugal with the number of clothes I brought. However, that’s not what really put me over.

Last week, someone left a tube of lipstick in the dryer. When I took out my clothes, I found that a bunch were stained red. I could salvage some of the darker colors, but I had to throw out important pieces. As I was already low on clothing, it became (in my subjective opinion) necessary to do some emergency shopping. I could have gone home to get more, but that would have cost $40 in bus fares. Instead, I spent $35 at a thrift store to replace them. This made me $15 over my budget, so I parted with the few accessories I DON’T need by selling them at a consignment shop. I sold back my Armani Exchange sunglasses that I got for a few dollars and got $15. I did the same with a few pieces of jewelry, making a total of $25. Thanks to this unexpected income, I was $10 under budget on clothing.

I ended the month with $10 extra savings than anticipated. In the beginning, fitting my spending into a set budget seemed daunting. Organizing my budget with Kiboo was the first and most important step, but I also had to deal with unanticipated setbacks. It was helpful to have a plan, and when I had to pay for new clothes and a bus ticket, I could easily see where to cut back in order to reach my monthly goal. However, if I had been too rigid, I would have missed out on important opportunities, such as visiting my family.

Thus, smart spending is just that – being smart. It requires “big picture” planning and the ability to change course while keeping your eyes on the prize – saving. It’s also important to find great opportunities. When I needed new clothes, I realized that I could sell some accessories so I could afford them. Also, if taking a few minutes to hang clothes saved a few dollars, then why not?

Moving forward, I now know that I can cut back on household and entertainment purchases. I can use that money instead to “plan for the unplanned” and save for a rainy (or lipsticky) day. I still have room for improvement, namely in spending on restaurants and clothes. However, I’m well on my way to the sandy beaches of Puerto Rico, and I’ve made some great memories in NYC along the way. Thanks for a great summer, Kiboo!

-Vrinda

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Aug 27

This year, Kiboo officially launched our social banking platform so that people could spend, save, and give their money smarter. Every day, we’re working to make Kiboo even better by listening to users’ feedback on what they’d like to be able to do with their money.

Over the past month, Kiboo has reached some amazing milestones that we’re pretty proud of. We think you’ll love all the new things you can do with Kiboo, so we wanted to share them with you:

Public Launch

We’ve lifted the invite-only curtain! If you haven’t already signed up, you can join Kiboo today in just a few quick steps.

Join Kiboo

New Features

We’ve been listening to your suggestions, and have just released a bunch of new features that let you do even more with your money.

Transaction Mapping
Every transaction you make is linked to Google Maps so you can see exactly where you’ve been spending.

Transaction mapping

Chip-In
Friends and family can now Chip-In directly towards your Goals. Kiboo has been letting you create and share your personal Goals for some time, and now others can help you reach them. This year, you’ll get the gifts you actually want.

Chip-In

Recurring Goal Funding
You can set up automatic funding for your Goals so you’ll reach them before you even know it. Between Recurring Funding and Chip-In, saving for your next vacation will be a breeze.

Recurring goal funding

View Kiboo features

For those who are new to Kiboo, everything we do is about you and bringing you closer to your money. That’s really the only way I can describe it. We believe that money can help you get to where you want to go in life, and Kiboo wants to be right by your side to guide you along the way.

Hope to see everyone Kiboo’ing soon! After all, it’s Your Life, Your Money, Your Way.

Lisa, Founder & CEO
www.kiboo.com
www.facebook.com/kiboo
@kiboomoney

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Aug 12

It’s been a week since my last post, and my money-spending behavior has already changed. When I use Kiboo, every purchase I make is automatically put into categories such as food or entertainment, which makes it easy for me to see where my money is going. Here’s how I did this week:

Food

My biggest expense by far has been food. The first change I made is where I buy groceries. I had been getting them from local corner stores because they are close and open 24/7. However, this week I started shopping at Trader Joe’s, a supermarket chain with stores in Manhattan. Normally, being able to buy healthy, organic food is a luxury. However, in New York City, Trader Joe’s is one of the cheapest grocery stores around. So cheap, in fact, that I got all of my groceries for $15 this week. What’s more, the food was fresh and delicious.

I have also started cooking large batches of food and freezing what I don’t finish. This way, I can quickly pull meals out of the freezer to take to my internship for lunch or eat when I’m going to be out of the house all day. Many times I have successfully avoided paying $4 for pretzels because I didn’t bring food.

I ate out once this week with friends, which cost $20. My total expenditure on food was $35. If I can keep this up for a month, that will be $140 on food – $20 under my budget.

Entertainment

Until this week, I had been spending a lot on entertainment. This week, however, I only spent $5! I went to Governor’s Island to see a 19th century french carnival, attended a poetry reading and art event on the High Line, and did Zumba overlooking the Hudson River all for free. The only time I spent money was when I bought a Cronut (a recent NYC craze that is 50% donut, 50% croissant, and 100% DELICIOUS). This counts as entertainment rather than food because my housemates and I woke up at 5 a.m. to get them, so it was more about the experience than the actual product.

The times I did go out, I avoided falling into the money-spending abyss of day-long excursions by planning ahead. I always packed snacks, water bottles and an umbrella in case of unexpected weather. Most importantly, I moved money from the “spending” section of Kiboo to the “saving” section so that I couldn’t overspend even if I was tempted to.

If I spend at this rate, I’ll be at $20 for the month, a whooping $60 under my budget (I DO anticipate going to a few shows and exhibits that will cost money, so this may not happen).

Transportation + Travel

While I don’t have to pay for transportation (I get an unlimited MetroCard through work), I did take the bus to my hometown to visit my family last weekend so I paid $40 for a bus ticket. I hadn’t initially budgeted for travel, so this was a bit of an unexpected expense.

Household

In my proposed budget last week, I allotted room for home goods and shared living expenses. This week, I had to invest in paper towels and dish-washing detergent, which totaled $15. I don’t anticipate buying these again, but I may continue to spend this much on other household items. If this keeps up for the month, I will be at $60 for my household expenses, which is $10 under my monthly budget.

Clothing

Finally, I mentioned how I have a soft spot for shopping, and I only set aside $40 per month for clothing. Unfortunately, I used up half of that this week when I visited a local Salvation Army – There were so many cool clothes! I had to buy them!

Overall, my spending for the week added up to $115. If I spend at the same rate every week, that ends up being $460 per month. This is within my $500 budget, but only leaves me with $40 to put into saving. At that rate, I won’t get enough money to go to Puerto Rico in time. However, I think my spending will decrease in the weeks to come, as I will not be spending money on travel and will make an effort to reduce clothing purchases.

Other than that, budgeting and smart spending has been going much easier than anticipated. It really comes down to making a plan and sticking to it. Kiboo has provided me with the tools to do just that.

-Vrinda

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Aug 01

Though I haven’t actively started saving money yet, at least I’ve figured out where all my money is going, and have set a tentative Budget of $500 per month (not including rent, of course). I think that’s a good place to start this money-saving challenge. I have realized that it is important to set realistic limits for my spending and justify why each exists. Here are the areas that have been putting the biggest dents into my wallet:

1. Food

A girl’s gotta eat, right? Well, groceries are expensive, especially when I get lazy and go to local corner stores near my apartment that often have a $10 credit card minimum and insanely marked-up prices. It’s also difficult to buy food for one person – A lot of times the produce I buy goes bad before I can eat it, which means I’m literally throwing money away.

What’s worse is when I eat meals out. I avoid sit-down restaurants when possible, but sometimes the occasion arises (a housemate’s birthday or a friend visiting, for example) and it’s hard to say no because eating is such a social event. Also, I’ve found that a lot of times, I’ll be doing something for the whole day and will end up having no choice but to get food while I’m out. It seems like no big deal to spend $5 on Halal food or tacos from a truck, but when that happens a couple times a week, it really starts to add up. I have allotted $20 per week for groceries and an additional $20 per week for meals eaten out, which totals $160 per month for my Budget on food.

2. Film

Everywhere I go, I see dogs, children, parks, and food that I want to take pictures of, which is exciting, fun, inspiring – you get the point. It’s also insanely expensive since I use a film camera. Most photo shops in the city charge up to $15 to develop a roll of 24 pictures. As I’ve already taken 3 rolls of film, that adds up to $45 just on pictures!

3. Fun

There’s so much to do in New York City! Comedy clubs, photography classes, Coney Island, and concerts are calling my name. But a lot of these activities cost money, directly or indirectly. For example, I went to Coney Island a few weekends ago for the annual “Mermaid Parade”. While it was free, I still ended up spending money on photo booth pictures, empanadas, and games. Also, many attractions in the city such as the MoMA cost money. It feels like a wasted opportunity to just hang out in my apartment when there’s a whole city waiting to be explored!

This all fits into the category of “Entertainment” in my Kiboo Budget, along with film. I have been spending a lot of money on going to see movies, art exhibits, and comedy shows, but I am extremely committed to finding free or very cheap things to do, even if that means spending a night or two watching Netflix at home. I also have to figure out what I’ve spent at free events and plan to avoid these costs. For that reason, I have set a somewhat conservative Budget of $80 per month on entertainment.

4. Furniture

I made the mistake of subletting an unfurnished apartment. That means that everything from the tables and chairs to the sofa and bed had to be brought from my parent’s home or bought. While I brought my futon and beanbag chairs from home, there were some unexpected costs, such as a sofa and an air conditioner. That was on top of the regular cutlery and toiletries that one has to invest in when moving into a new place.

For the most part, furniture is a one-time investment. However, there are some basic items that constantly need to be bought, such as paper towels and toilet paper. Therefore, I have allotted $20 per month towards the “Personal Care” category.

5. Shared Living Expenses

While living with housemates is a blast and saves me tons on rent, there are other costs involved. We make “house decisions” to buy certain communal items like cooking essentials, house decorations and combined presents. Of course, these purchases are a part of the experience of living with others, which is really fun. But again, they add up, especially since I sometimes help pay for items I wouldn’t buy on my own. Last week, for example, we threw an impromptu barbecue because my housemate’s friend was visiting. It was a great time, but cooking for a group of people is definitely an added expense!

These expenses tend to be unpredictable, so I think it’s better to overestimate my Budget. Thus, I have set aside $50 towards the “Household” category.

6. Shopping

New York City fashion is unlike that of anywhere else in the world, in my humble opinion. It has definitely been a challenge for me to see so many awesome outfits without being tempted to splurge on myself. Even the thrift stores I’ve been frequenting in Midtown are expensive, and my occasional $10 – $15 purchases have been adding up.

I am trying to severely limit the amount of money I spend on clothes because I really don’t need any more. Just to be safe, I have set aside $40 per month to use for clothing.

Everything I have left over, approximately $150 per month, is going to go towards my Goal for the Puerto Rico trip. This should be more than enough – The goal wizard calculated that I need to save $35 per week, which is $140 per month, in order to reach my Goal in time.

So now a week into my New York City adventure, I venture further, Kiboo by my side, into the world of smart spending.  Wish me luck!

-Vrinda

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Jul 25

Wanna hear a recipe for disaster? Take one part reckless shopaholic-foodie, one part CRAZY high rent, five parts awesome housemates who share my passion for clothes, food, and fun, one billion parts New York City, and one part STRICT budget, and shake vigorously. The result? One SERIOUSLY broke girl (me… in case you haven’t caught on yet).  Most people my age deem living in a city like New York a necessary rite of passage into the “world of cool.” So, naturally, I was text-everyone-I-know excited when my five closest friends and I all got internships in the city for the summer and decided to live together.

Of course, every person with a wallet warned me that living in New York City is expensive. I hadn’t understood the extent of it until two weeks in, when I checked my bank balance and realized it was in the single digits.

Luckily, with Kiboo, I have been introduced to all the tools I need to take control of my money. It all starts with creating a Budget. In the past, taking the initiative to do this on my own has always been a challenge because I am crazy disorganized. However, with Kiboo, every purchase I make is automatically placed into a category, such as entertainment or food, so I can see exactly where all my money is going. What’s more, I can easily move money into my Reserves to stop from overspending. This is truly a necessity for a huge shopper like myself, when every street is flooded with advertisements and sales. Also, if I want to save up for something, Kiboo lets me create a Goal to get there (vacation anyone?). In addition to these tools, the website has a “Know Your Money” section with articles, videos and infographs on how to spend and save smarter. I’m pretty new to this whole “money-saving” thing, so having advice on how to save on groceries, book a cheap flight, and even get along with a college roommate is seriously amazing.

I figure it may be helpful for other people my age if I share my experiences and how I (hopefully) make it through the summer with a few extra bucks in my pocket. What’s more, I really, really, REALLY, want to go on a vacation to Puerto Rico next semester. I’m going to need more than pocket change to make that trip happen, so I’m setting out to save up for it utilizing the Kiboo Goals feature. I plan on going over Thanksgiving break, so Kiboo told me that I need to put aside $35 per week in order to reach my goal in time.

Ultimately, it’s important that I understand my spending activity and set limits that I can easily justify. Check out my next post and my progress as I start  to figure out where my money is going, dodge disaster, and find the best things to do in NYC on the cheap!

-Vrinda

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Jul 11

I recently read an article in the New York Times about how people tend to change much more than they anticipate. A quick look at the obnoxious Facebook videos I used to post on friends’ walls in 2007 completely validates this hypothesis. But, until recently, I had never considered how drastically my relationship with the food, clothing, and accessories that I buy or want has changed.

At a recent NYPAY panel discussion called Consumer Financial Services After the Meltdown: Products for the Post-2008 Consumer, Kiboo’s CEO, Lisa Halpern, spoke about how the Company got started, how students’ money habits have changed since 2008, and Kiboo’s relationship with college-aged customers who are on a tight budget in the recovering economy.

She said that current college students like myself seek a more personal association with brands than they did even two years ago. The emphasis is less on investing in a “luxury brand” and more in the community behind the company.

I notice and shamelessly partake in this kind of brand loyalty all the time. Certain brands have an irrefutable cool factor.  They are the “right answer” to give when questions like “So, what’s your favorite clothing store?” inevitably arise.

When I was in middle school and the idea of image and personal branding started to become a pressing issue, (What am I? A prep? A skater? A, dare I say it, nerd?) the “it” brands were the ones with a certain bling factor. Abercrombie, Hollister, Victoria’s Secret, and Juicy Couture were popular mostly because they were expensive and because wearing them was an indicator of one’s monetary status.

But now, as a college student in a time when spending behavior is changing, it is becoming more and more evident that my peers want brands that cater to their needs and appeal in the specific niches they identify with. This may be partially because, as one grows older, a more definitive sense of identity and self follows, but I also feel that in the wake of an economic meltdown, we can’t all afford to blindly spend our money on the most expensive items on the market. What’s more, with the aid of social media, marketing has become much more holistic. Advertisements are no longer reserved for 4-minute commercial breaks during TV shows or for designated pages in a newspaper.

A recent conversation with my 14-year-old brother confirmed my suspicions about changing consumer behavior across the board. He asked me if I knew of any “alternative” clothing stores or radio stations. A little confused by this rather vague question, I asked him to define what alternative meant. He answered with “Oh, you know, stores that are environmentally friendly and kind of unusual, and music that isn’t made by huge record labels.” Clearly, he is looking at the entire experience when he invests in clothing and music – the final product is not all that matters, the means of production and the target audience are important too.

More and more, we are exposed to a “brand experience” through blogs, Instagrams, and Facebook pages. As social networking sites become a bigger part of our lives, so do the advertisements we encounter on these platforms. I, for example, am a dedicated Free People fan. I love their clothes, of course, but I also love the “lifestyle” they promote. I routinely check their blog for D.I.Y. craft ideas and fashion inspiration. Thus, the company becomes relevant to my interests outside of the confines of a shopping mall and a fitting room. Brands like Free People are acutely aware of their audience. By following Free People’s social media campaigns, I feel I am becoming privy to a certain lifestyle, not only to clothing. (Of course, inevitably, I am also becoming more exposed to their advertising campaigns and am therefore more likely to shop there in the future, effectively strengthening my sense of brand loyalty.) I am less willing to invest money and time into a company that makes no efforts to relate to my interests outside of strictly their products.

I have observed the same behavior in my friends with some unexpected brands such as Taco Bell. Fast food is often deemed last-resort grub, unhealthy, and uncool. But somehow, Taco Bell manages to positively market itself as part of a young, “down-to-earth”, almost grungy teenage experience. Calling one of their signature dishes the “beefy crunch burrito” embraces what a fast food experience is – sensory overload, a little bit disgusting, completely delicious. You would never find a 5 star restaurant calling one of its dishes something like that, but you also don’t often find a 5 star restaurant that is accessible and relatable to young people. No one stops by “Maison d’escargots” on their way to third period biology. Eating Taco Bell has become an experience amongst my friends and amongst countless groups of teenagers and college students. Going to the drive thru and eating beefy, crunchy burritos in a parking lot was a quintessential, celebrated part of my high school experience.

Kiboo is doing exactly what these other brands have done – catering to the 2013 customer by becoming involved in peoples’ lives beyond just surface level interactions. The company is reinventing the concept of “banking” with the modern college student in mind. There are real faces (in jeans and t-shirts, not suits) behind the brand, and relatable ideals backing the features listed on the website.

The idea behind Kiboo is to bring people closer to their money, and to build interactions and start conversations about their spending and saving. Money isn’t just dollars in an account, though it often feels that way. It’s a means to, well, everything, so it makes sense to have someone providing guidance to people my age (who, let’s face it, tend to be pretty clueless) on how to manage their money.

Just this week, I planned out my budget for the rest of the summer with the help of Kiboo’s website. I really needed to do this after last month’s off-the-chart spending. I had been blindly using my debit card to make any impulse purchase I wanted. This kind of spending leads to A LOT of gratuitous gelato and corndogs when living in New York City without adult supervision for the first time. I had never actively created a budget before, and let me tell you, it is making New York City living much more manageable. Just like that, my debit card became a means of saving and responsible spending rather than a road to inevitable debt. Kiboo acts as a friend, not an institution.

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May 02

Meet our Kiboo’er of the Week – Matt from Hofstra University. Between work and class, he tries to make the most of college life by going to concerts and chilling with his Sigma Alpha Epsilon fraternity brothers.

Matt has no regrets when it comes to spending on music festivals like ULTRA. However, nights out and some extreme purchases have left his wallet feeling a bit empty.


How would you grade yourself in terms of money management? (A = you watch each cent; B = you have a budget; C = you have an idea of your balance; D= you spend without really knowing what you have.)

I would definitely go with a C-. I wouldn’t say I’m a great saver because most of my paychecks are gone within a week. I could definitely do better when it comes to my spending habits.

What’s your biggest spending weakness (i.e. Video Games, shoes, etc.)?

Going out. I’ve gotten to the point where I only take out the minimal amount needed for the night to avoid overspending.

What’s the most embarrassing thing you’ve ever paid for?

I would say the most embarrassing was a ridiculously expensive hunting bow that I never, EVER used.

What is the biggest thing you’re currently saving for?

I’m saving up money so I can start paying off my loan debt when I graduate.

Why do you think Kiboo is important?

Kiboo is important because it allows me to see what I can cut back on, and what I can spend more on.

What’s your advice for someone using money for the very first time?

Think about what you intend on purchasing, and question its value. If it’s not worth it, don’t buy it!

That hunting bow does sound pretty awesome, Matt… but a little off target. You may have been happier saving up for some Bonnaroo tickets.

And for those of you who want to spend, save and give your money better, get started with Kiboo.

Apr 10

Kibooer of the Week JordanSyracuse University is coming off of its Final Four frenzy. While the college didn’t make it to the NCAA championship, we still thought it appropriate to interview Syracuse student Jordan.

This tech-savvy guy feels in control of his money, but he knows he could be even better. Here’s how he’s saving wisely and where his spending weaknesses lie.

What is your biggest spending weakness?

eBay Deals of the Day. I usually buy them once or twice every two weeks.

What’s the most embarrassing thing you’ve ever paid for?

Haha, my freshman year of college I thought it would be a great idea to cook breakfast in my room, so I bought an omelette maker.

What are you currently saving for?

I’m saving up for my first car. I’d like to purchase it by my senior year so I can have it for my first job.

Why do you think Kiboo is important?

Kiboo is important because I can visualize my money. I see what I’m spending my money on.

What’s your advice for someone using money for the very first time?

Don’t spend your money everywhere. Save as much as you possibly can.

We’re excited for you to get that car, Jordan. If it ends up being a convertible, maybe we could go for a ride?

And for those of you who want to get to Know Your Money better, sign up for a Kiboo Invite and we’ll send you more information.

Mar 29

Today is April Fools’ Day, Know Your Money style! We’ve come up with pranks that both teach your friends important money habits AND have a little fun. Here are the best April Fools pranks to pull on friends and roommates.

Cover a bar of soap with clear nail polish.

Who to prank: The roommate who never pitches in for shared stuff.
How to do it: Paint the bar of soap (that you bought!) with clear nail polish. It’ll be impossible for your roommate to get clean. Snap!
The lesson: Plan for living expenses such as toilet paper, soap, and other necessities. You don’t wanna pay for them, but you gotta.

Place hundreds of coins in the bed.

Who to prank: The friend who always leaves loose change lying around.
How to do it: When your roommate is asleep, quietly place hundreds of coins and a few dollar bills in the bed. Not only will they wake up surprised, they’ll also be finding coins in the bed for nights to come. ROFL!
The lesson: Keep your cash in a place secure from others (even roommates).

Create a fake lotto ticket.

Who to prank: Someone who is always saying, “When I win the lottery…”
How to do it: On the computer, create a fake ticket with yesterday’s winning numbers. (If your friend isn’t an avid lotto player, he or she won’t notice your knock-off version.) Then see your friend rejoice in his or her false winnings before you break the bad news. >:-)
The lesson: You’re more likely to get struck by lightning than win big jackpots. Rely on smart saving, not rare winnings, to fund your lifestyle.

Pretend your friend owes you money.

Who to prank: The friend who never pays you back.
How to do it: Make up a situation that likely happened, and be persistent. (“Remember, I bought you lunch last week. How can you NOT remember?”) See if they eventually cough up the money that they’ve never owed you before you fess up. April Fools!
The lesson: Keep track of informal money you owe through a calendar reminder or some other organized system.

Fake damage to the car.

Who it’s for: The friend who refuses to get car insurance.
What to do: Leave a note on the windshield apologizing for damaging the car. Don’t be specific about where, so your friend will be frantically inspecting the entire vehicle. LMFAO.
The lesson: You could be one of the six million Americans that gets in a car accident every year. Make sure you have proper insurance to cover car damage.

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