SAVED or OVERSPENT ?
Surprised to learn that many so called middle class are scrambling from one pay check to another, even entangled in financial turmoil sometimes. More sadly is to learn the fact that they usually have a fair, decent income! Obviously something wrong with managing the “MONEY” ! A professional and classic approach would be, typically from a financial consultant, to do budgeting, recording your expenses and referring to the line…… But who doesn’t know that?!
Reference articles:
http://www.theatlantic.com/magazine/archive/2016/05/my-secret-shame/476415/
http://www.pbs.org/newshour/bb/why-so-many-americans-in-the-middle-class-have-no-savings/
http://www.theatlantic.com/business/archive/2016/05/american-financial-hell/481107/
http://www.theatlantic.com/notes/2016/04/america-savings-account/478776/
http://www.theatlantic.com/business/archive/2016/06/a-middle-class-strongholds-uncertain-future/489356/
Actually, budgeting is an ability in everyone’s head naturally and we all exercise it from time to time. Who does not know to save up for a vacation or a “big” item?! On the other hand, after budgeting, one should keep a vigil on spending, that often dims the daily life. Nevertheless, to write down the cost of every cup of coffee in order to know the total expenses as reference, this is really outrageous !
So here comes EZ Account!
At end of the month, or even the week, you just check out what overall “Money” is left in your hand(balances), then write(Accounting) into those preset categories(Accounts). Voila! That’s all you need to do! Instantly you will know(Reports), for the past month or week, if you have saved some money or overspent more than the income, and how much money you have in your hand versus what a debt burden is on your shoulder. In seconds, you will know in which direction you should adjust your spending for coming month or week. So the laborious job of household accounting or bookkeeping will become almost effortless !
An idea behind this app is that, there are three, maybe the most pragmatic three, fundamental questions to ask oneself in livelihood financial concerns: For the past interval ( a month, a week, a year or any time period )
1, How much I have saved (or overspent) ?
2, How much debt I have ?
3, How much money I have ?
Shortly to say, you should know what happened to your income vs. your spending for past interval(month, week or ……) and your capacity vs. your burden for the moment and upcoming. This is what EZ Account tells you first of all. The best part is that you only need to simply input all balances from time to time to get it, no more other workload or daily burden to take note of every single expense such as a chocolate bar or a cup of coffee !
The purpose of EZ Account is to help one stay balanced or “as planned” in household financial life, for me, for you and for the most, NOT for a millionaire or a homeless. By steering those three fundamentals, we can avoid sailing into any rocky area and stay in balance of our livelihood. The making of this App is based on the personal experience of decades household livelihood, i.e. a method being used for many, many years ! So it is not a copycat, but original !
Also, EZ Account will keep a track automatically in history for what you have experienced(i.e. what happened to all kinds of your money), arranged orderly from very beginning of using this app and carrying on, just like your Bookkeeper. This will particularly be comfortable for those very prudent people. In fact, this App is not expected to become popular, but just for a few minorities !
Modern life has become much complicated in some ways. It would make you dizzy by just looking at those plastic cards, bank accounts… not mentioning those passwords for authentication. It is a mission impossible to memorize the stuff and a great challenge just to keep them properly. So to keep them in your iPhone or iPad and with an extra lock(Passcode) can make your complex life easier and prepared, particularly when they are lost or stolen. Also to know the status of all kinds of your money at any time required is very helpful, especially when it becomes handy(easy access).
EZ Account works like your personal financial consultant and a health indicator of your livelihood finance as well. To utilize EZ Account would require some “skill” and innovation, particularly in “playing” with accounts. For example, you surely need a specific account to save up money from time to time for college education if you had kids, or for any “big” purpose. On the other hand, if you don’t like to be “overwhelmed” by a rocketing figure of debt, such as mortgage or even student loan, then you just need to input the amount of monthly payment or any periodic payment as balance instead of true figure, that can be written down in the account info section or elsewhere. This will actually make more sense of the up-to-the-moment debt situation.
More for example, to create an account for your rent should remind you all the time this “must-pay” budget item. However, If you have a large amount of long-term saving in a bank, such as retirement fund, you don’t have to “block” your sight by including it into the Accounting, but rather create an Account for the sake of bookkeeping. Nevertheless, to do, or not to do, are all up to you, depending on what a reference you want to build for yourself. So be flexible and innovative in utilizing this tool! You are welcome to contact us for any questions, and particularly welcome for your suggestions for future improvement.
One more tip is that you can use its “Expiration Date Picker” as an alarm clock, which will warn you 30 days before any time you set. By switching on “Monthly Alert” would prevent you from missing the deadline of the payment. Please try out all its functions until you are comfortable with what you build for all your financial means and obligations. If anything went wrong or unsatisfied, just reset it and try again from scratch.
Present version is for iPhone and iPad, compatible with iPod touch. We are working on a version for Mac. No plan for Android or other OS.
This is a standalone app, which has no interconnection or interaction with any “outsider”, i.e. it is isolated! So it has a nature of maximum security, and a nature of honesty as well. It keeps all your sensitive info in a vault. We put a price tag on our produce in order to normalize a relationship between a buyer and a seller. Therefore, no in-app-purchase, no registration, no login…… no other “tricks” to make money out of you later on after you downloaded. You own what you bought completely.
In order for you to know what you will buy, we have built a Lite version of EZ Account with limited utilization. (Free Evaluation ! )
https://itunes.apple.com/us/app/ez-account-lite/id1193055227?l=en&mt=8
For a full version download at App Store :
https://itunes.apple.com/us/app/ez-account/id1190440827?ls=1&mt=8
EZ Studio 