Comingle is an interesting idea that would act as a pseudo emergency fund to provide a stable week to week income for their users. It could act to stabilize your income if you have an irregular income or as an backup plan or insurance for when you lose a job or income source. It works by distributing the average of all their members contributions weekly to each user. Once the service starts, the end result will be a net gain for those with low income and a payment to provide a guaranteed monthly income for higher earners.

  • For those with low income, any amount of extra money can aid in the pursuit of opportunity and keep things from turning desperate.
  • For freelancers and gig-workers, reliable weekly income can ease the complications of sporadic cash-flow.
  • For those with more income, Comingle lets you help others, sends you a little extra cash on slow weeks, and provides a safety-net if things take a turn for the worse.

Disclaimer: I am not affiliated with them. I just got this in an email newsletter and was intrigued.

  • nieceandtows@lemmy.mlM
    ·
    1 year ago

    This post looks like an advertisement, and I would have removed it, but there are some discussions about the product itself (and its possible issues/pitfalls) in the comments, which might prove useful to some people, so I'm leaving it up.

    • centof@lemm.ee
      hexagon
      ·
      1 year ago

      While, I am not affiliated with them, I can see how this could be interpreted an ad. My intention was to highlight a potential way to use this service as a way to help with budgeting or income. It is certainly a type of service based around your personal finance that is novel and imo relevant to this community.

      • nieceandtows@lemmy.mlM
        ·
        1 year ago

        I understand. I think it could have helped if you had posted this with your own thoughts as a discussion of this and other similar services instead of the content from the newsletter (don't know if you did that, but the post reads like marketing material) and the link to a commercial product.

        • centof@lemm.ee
          hexagon
          ·
          1 year ago

          The only thing I got from the newsletter was a link to the website. I posted my thoughts in the title and post contents.