There are many firsts with college. New environment, job, friends, work habits, and well the list could go on. Because of all these new events happening all at once, personal finance usually takes the back seat, or it is in the drivers seat going in full speed in reverse.
Among all the life lessons people often learn the hard way, finances is usually one of them.
An innovative tool to help with budgeting and savings is SIMPLE.
Simple is a banking alternative that utilizes mobile and web applications to better manage your money. I was particularly impressed by their Safe to Spend feature.
Safe to Spend is calculated in the following way.
Available Balance - Scheduled Expenses - Savings Goals
The scheduled payments and savings goals are inputs by the customer, hence each customers safe to spend is created by the customer.
This is an easy way to avoid fees and reaching financial goals.
Here is an interview from the CEO and Tech Crunch
No comments:
Post a Comment