PROBLEM
Financing is needed in many businesses and has helped businesses manage their money. However, there are people in the world that struggle personally and specifically with their own personal financial life. For example, the ignorance of budgetting: one might not know how to manage their money effectively and occasionally this would lead to overspending on unnecessary things. This is mostly seen with teenagers who aren't at a certain age where personal finance is essential. Nevertheless, personal finance is essential during adulthood so learning the basics early on can be beneficial for developing teenagers. Most importantly, there has been important softwares and hardwares that has recently appeared in the scene of personal financing that might help combat the problem of personal finance ignorance among people, especially teenagers.
DID YOU KNOW...
Based on Rain's Survey, every 1 in 7 teenager are knowledgable about budgetting or anything about personal financing in Sunset Park
SOLUTION
Existing and Helpful Personal Finance Softwares and Hardwares
Beginner-Friendly
Free & Accessible: Nerd Wallet is free to use software that can be obtained through the App Store, Google store, and Desktop Website.
Beginner-Friendly Resources: NerdWallet offers insightful articles, like "Introduction to Finance," to help users start their financial journey.
Simple Budgeting Tools: NerdWallet provides simple budgeting tools with a navigable interface.
User-Friendly Design: NerdWallet’s simple layout and digestible design make it ideal for beginners managing their money.
Free & Accessible: GoodBudget is also free to use software that can be obtained through the App Store, Google store, and Desktop Website.
Envelope Budgeting System: This system categorizes your money spending into categories like debt payments, groceries, and family expenses.
Multiple Syncing Devices: Access and manage your budget smoothly across both mobile and desktop with synced data.
User-Friendly Tools: Offers comprehensible budgeting tools and coherent financial data, making it great for beginners.
Smart and Modern
Stronger & Lighter Material: Smart wallets are made of carbon fiber which is 5x stronger than steel and its lightweight mass makes carrying easy and comfortable
Quick & Convenient Access: All it takes is a single click on the wallet and it opens to display everything stored.
Enhanced Security Features: Smart wallet's carbon fiber blocks RFID signals so it prevents identity theft and comes with built-in trackers to help locate them if lost or stolen.
Minimalism Effect: The small design encourages users to carry only necessary items, helping to develop better organization and smarter spending habits.
Tap & Go: RingPay allows you to make payments with a single tap of your finger.
Auto Top-Off Feature: Automatic refill when balance drops below minimum set amount; no need to visit a bank or an ATM.
Advanced Security Protection: On the app, it allows user to lock the ring when lost or stolen and with a layer of password before a theif can enter.
Versatility: Users can have up to 4 rings for different spending categories and easily transfer funds between them.
Versatility & Reliability
Free & Accessible: Available on the App Store, Google Play Store, and website, with free basic features sufficient for personal finance management.
Money Tracking & Alerts: Tracks your spending habits and sends notifications to help prevent overspending.
Budgeting & Financial Analysis: Provides important insights and tools to find areas for financial improvement and smarter budgeting choices.
Versatile for All: Beginner-friendly for new users while offering advanced tools for finance professionals.
Easy Scanning: ScanSnap scans and sends your documents, receipts, and more directly to your phone or device.
Time & Money Saver: Automates documents and receipts into PDFs, Excel files, and more, with bulk scanning features that save hours of manual typing and lower printing spendings.
Organized and Ready: Scanned receipts and documents can help track spending, thus making it easier to manage finances both for personal use and businesses.
Tax Preparer Stores important receipts and documents digitally, making tax preparation from January to April more organized and smooth.