Be on the lookout for this coming tax season. The IRS is going to let you spilt your refund via e-filing to multiple accounts. What does this mean? We can now make a small attempt to save our tax returns w/o being forced to make that decision when the money arrives. Now, it will be like our paycheck with direct deposite or 401K, etc. we can decide to have funds deposited to different accounts - in theory one for spending (cause we know few of us are so good to not have some fun or pay some bills) and the other one for saving.
I know we need to do better to start saving as a country. According to the Fed, our nation has entered into a negative savings rate - first time ever, consider this is saying we as a nation had more during the despression... Perhaps, concepts like spilt refund, auto savings and other "products" may not change our habit but will help at least keep something in our wallets.
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