Moneywyn is an iPhone app created to help you find out how you are living financially. It is partly based on information written in the book All Your Worth: The Ultimate Lifetime Money Plan by Elizabeth Warren and Amelia Warren Tyagi.
In the book, the authors break down spending into three primary categories: Needs, Wants, and Savings. Each category has a specified target percentage of your earnings that should be going to it, helping to keep your spending in balance: 50% for Needs, 30% for Wants, and 20% for Savings. If you’re in balance, you are within the percentages and are likely on your way to building wealth for yourself and your family because you are living within your needs.
How Did This Come About?
We decided to develop this app because we’ve used the methods in the book (and many others) for years to manage our money. The book helped us understand how we were spending our money, and helped us take action to address spending that left us out of balance. We now can focus on only the Needs, Wants, and Savings to help save time. However, we can dig deeper into the weeds when we want to as well.
This app has been developed as a way to help others in a similar situation as ours. If you are married or in a committed relationship, this app will especially help you and your spouse stay on track financially. Check out the other features here or go to the App Store to download.
For more information, please contact us here.