For a long time now I have been frustrated by the financial situation of wanting to have savings accounts so that I can keep my savings separate from my mortgage (e.g. saving for a holiday or a new gadget) but knowing that it’s a stupid thing to do financially since the interest rates are lower and you have to pay tax on the interest.
So…one day I was lying on the couch reading the Steve Jobs biography and I had a eureka moment.
“Why not design a website which replicates the savings accounts I have in the bank ‘virtually'”.
The idea is that the “real” money goes into my mortgage but an equal amount is put in a Virtual Savings account.
A few months of development later… Kaha.biz is born.
I’m super excited about the opportunity to share this site with the world, while also a bit nervous about whether people will understand it, enjoy it or just find a million bugs!
I guess only time will tell…