Household Risk

Emergency Gift Cards: Commoditizing Savings with Prepaid Cards

D2D Fund, Household Risk, Prepaid Cards, Emergency Savings, Rainy Day Fund

D2D Fund has designed an emergency gift card to test a new way of reaching consumers with a short-term savings product by incorporating the following insights: a) consumers like to gift savings to their loved ones and as seen with paper savings bonds, like the tangibility of savings b) the need to meet a consumer where they are to influence behavior and c) savings can be commoditized and consum

A Need for Product Innovation to Help LMI Consumers Manage Financial Emergencies

Household Risk, Rainy Day Fund, Emergency Savings, Prepaid Card, D2D Fund

With little reseach on financial tools to help households prepare for financial emergencies, Doorways to Dreams Fund designed a survey to understand LMI consumers’ perceptions of and experiences with emergencies and their insights into product design features that will help them cope. This paper details