AlloGator auto money allocator solves the problem of children, teenagers,and adults inability to properly manage their money in order to be better givers, better investors and better spenders and better goal achievers to ultimately become financially independent.
This app takes the money that the user inputs and automatically allocates it to 3 different categories, Giving, Investing, and Spending, according to the percentages assigned by the user for each category. By using basic math formulas, the amount inputted is multiplied by the percentages that were inputted and then added to the proper category. The app not only shows the balances in each individual category but it also shows the total. Thus, allowing the user to keep his/her money physically anywhere they choose.
The idea behind it is that when the user wants to Give, Invest, or Spend money, they would look at what is available in the appropriate category. For ex.: if the user wants to Give money, he would pull up the app, look at how much is available to give in the Giving category and then physically takes that amount of money out of whatever he uses to keep his money in. So, a child could have $25 in a box under his bed and by looking at the app, he knows how much of that $25 he could Give, how much he could Invest and how much he could spend. With this app, there is no need for a child or anyone for that matter, to have to put their money in different places. The app automatically allocates, virtually, their money.
The Want calculator function is very unique because it promotes goal setting and hitting and also can eliminate impulse buying. For ex: a child could have a goal of buying a certain toy. He would put the cost of that toy in the Want Calculator and the Want Calculator would automatically calculate the amount of money that child would need to earn additionally to what he has available to Spend; keeping in mind that any money that he earns must still be allocated among the 3 categories.
Check out www.allogatormoney.com for more details about the AlloGator – auto money allocator.