Finances

Coin, One Card To Rule Them All – All Your Credit Cards In One

Coin - One Card To Rule Them All

Coin – One Card To Rule Them All

Coin is the wallet minimalist’s dream come true.  ”Coin is a connected device that can hold and behave like the cards you already carry. Coin works with your debit cards, credit cards, gift cards, loyalty cards and membership cards. Instead of carrying several cards you carry one Coin. Multiple accounts and information all in one place.”

Using a smartphone app and a card reader (provided), you load all your different cards on to your Coin and voila the only other thing you need to carry is your ID.

When I first saw this thing I started salivating.  It’s so smart and slick and the $50 pre-order price vs $100 retail price is super tempting (If you want the details on how it works check out the website, onlycoin.com).  I almost jumped on it right away, but the more I’ve thought about it, the more I’ve realized it probably isn’t for me.  That being said, according to my Facebook feed, at least 5 of my friends have already ordered.

I’m not worried about the security… In fact, the electronic tether that notifies you if you get separated from your Coin is an interesting feature and it deactivates itself if you manage to lose it.

I am worried that at $100 it has only an estimated 2 year battery life (needs to be thrown away and replaced once it dies) and that I don’t need another device I can break, lose, get wet, etc.  Right now my wallet is the only thing I can accidentally drop in water or fall on hard without rendering it useless.  I get that this isn’t a problem for most people, but I know, for me, it is.

Beyond that, I see Coin as a cool technology to bridge the gap until we’re all paying for everything via our smartphones (NFC, bar codes, etc).  As Google Wallet expands and Paypal is being accepted at restaurants we’re headed towards not needing anything more than our phones and an ID (and, if you’re me, 3 extra batteries).

In the meanwhile, check out this top 10 list of minimalist wallets to go along with your Coin.

 

Featured Site: BillsAreIn.com

BillsAreIn

I really wish this site had existed when I was in college.  No doubt more than a few ‘discussions’ would have been avoided if we had been using BillsAreIn.com.

BillsAreIn.com is a small website with a simple solution to long time problem…arguments over money between roommates.  The site provides a simple and clean interface to capture what bills have come in, who owes how much, and what’s been paid.  In additon to managing bills (all manually for now) you can also track who paid for dinner, who did or didn’t chip in on the keg, and who borrowed $100 from who in vegas that one weekend. You know the weekend I’m talking about.

The site navigation is simple and the interactions are clean.  Signup took very little time and I haven’t gotten any more emails then were necessary to alert me to my account and the money my roommate said I owed him from the strip club grocery store.

I’m at a point in my life where I don’t seem any major arguments breaking out over the house finances, but this tool is still a super convenient way for my roommate and I to stay on top of our shared expenses and we love it.  If you’re in college, have multiple roommates, have shady roomates, or just like clean transaction records then BillsAreIn.com is definitely worth a look.

Feature Set

  • Add / view a bill – Capture the due date, amount, category, and % split amongst the roommates
  • Add / view IOUs – Capture due date and amount of non-bill related money between roommates
  • Add / view Payments – Capture the date and amount of payments.  Includes a feature to request confirmation from the roommate being paid back.
  • View Statistics – A nice summary and breakdown of where all that money is going and who is paying it.
  • House Wall – Quick and dirty way to leave a note for roommates.
  • Payment Summary – A simple table summary of the net amounts owed by each person.

via [BillsAreIn.com]