Lock in Today's Gas Prices for Tomorrow.

by Admin 25. July 2008

As the owner of an Explorer with a 45 minute commute to work I can empathize with others on the continuously rising cost of gas. Just yesterday I spent almost $70 filling up my tank. What’s worse is that it looks as though there is no relief in sight and prices could continue to rise.

So, like many of you, I have spent a lot of time trying to find a solution that would ease my gas expense a little, and yesterday, I possibly found said solution. A new service from MyGallons.com allows individuals to pre-purchase gas and lock in today’s gas prices for the future.

How it works:

To sign up for a MyGallons Card, you have to pay an annual membership fee of $29.95. Up to three cards can be linked to one account, and the membership fee has a money-back guarantee if you don’t save money on at least one redemption during the year.

You can monitor your current MyGallons price – a fluctuating quote that’s good for purchase of unleaded gas at a particular point in time, including estimated local taxes – and prepurchase gas when you see the price you like.

Purchasing gas is just a matter of visiting a gas station where the MyGallons Card is accepted. The amount that you pump is automatically deducted from your MyGallons account balance, with adjustments automatically made for more expensive grades or types of fuel.


If you pump fuel from a filling station for less than the lower end of the MyGallons range on that day, you will receive a credit, in gallons, or to your account.

Now, for those of you who are wondering how MyGallons can afford to have such a business model...

More than 80% of the prepurchase money spent through MyGallons is placed in an escrow account and invested in Money Markets and Government-backed notes while the remainder is used for financial transactions to accommodate gasoline price changes.

The service is not up and running just yet, due to a last-minute issue with US Bank, the company is currently in the process of negotiation with other payment networks to allow the MyGallons Card to be accepted at most stations in the US that already accept credit cards.

One Stop Personal Money Manager

by Admin 27. March 2008

For many of us managing our personal finances is not in our top 10 list of how we want to spend our spare time. Attempting to coordinate multiple bank accounts, credit cards and loans can be a hassle, especially when each one resides at a different institution. One solution is using management tools like Quicken or Money but who wants to spend money to manage their money. Well, let me introduce you to the FREE online personal money managers Wasabe and Mint.com. That is right…FREE! Not only are these account aggregators free, but they also help you save money.


Wasabe (not the nuclear horseradish paste served with sushi) allows its users to “take control of your finances and help each other make better financial decisions.” It accomplishes this in three ways, (1) informing you on how to better understand your spending habits, (2) identifying how you can receive more value from your money, and (3) setting financial goals by socially connecting you to others Wasabe users who have similar financial profiles. Check out below for videos of the Wasabe interface and how to clean up the “gobbledygook” that is your finances.


Mint.com is the personal account management tool that I enjoy using right now because of its visually appealing interface and the minimum amount of information required to synchronize multiple accounts. Mint also has agreements with over 4,000 banks, credit unions, and credit card providers which it securely downloads transactional data from each night. Transactions are categorized and organized to show how much you spend on gas, groceries, parking, DVD rentals, etc., while an alert system can notify you of unusual activity, low balances, unwanted fees and upcoming bills. Mint also keeps tabs on the latest offers from hundreds of providers and recommends ways you can save money on interest rates and other expenses (Mint.com features). During its beta period, Mint found an average of $1,000 in savings opportunities for each user within minutes of setting up their account. Mint is available by web or mobile phone and already has a user base of 60,000.

Go try one out for yourself and let us know how your experience went by commenting to this post.

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