Managing finances is essential and complex simultaneously, especially for the students making way through college. Unfortunately, none of us have been taught about managing money and saving in schools, but what we are taught is trigonometry!
Having knowledge and skills to manage finances in an accurate manner once the college is over and amateurs are all set to begin with their work responsibilities is crucial. The situation came under the limelight when Mr. Lootah witnessed the repercussions of not having financial literacy.
Therefore, a mobile app focusing on money management was introduced to increase finance-related literacy amongst the youth of the Middle East and North Africa. Mr. Lootah and Mr. Soued invested more than $200000 to get Lune registered and running.
Don’t you think it is an interesting entrepreneurial idea?
To know more about what Luna does, don’t go anywhere and keep reading!
Lune: Empowering Youth for a Better Future
Lune successfully got launched on App Store and Play Store, respectively. It allows its users to link their bank and credit cards; thus, the app calculates the overall spending, sets a budget, adds goals, and more.
What’s more? The app only allows read-only access and encrypts the user information to maintain security standards. The app is currently free to download; however, the owners are planning to change it into a subscription-based model along with premium features.
Lune sounds like a complete package of convenience to us. How about you?
Undoubtedly, technology has made it much easier for us to order food, shop, and do other activities, which traditionally required physical presence. Talking about money management apps, it is an incredible initiative that’ll help people with financial planning.
As mentioned above, it is an exceptional entrepreneurial idea. How about developing such an app for your region?
Keep reading for more information!
Benefits of Personal Money Management Apps
Customers only invest their time in services that offer them benefits in return. Therefore, personal money management apps have numerous benefits to offer. A few of them are mentioned below:
- Organization of Finances and Budget
Money management apps monitor the amount of money being spent on purchases, studies expenses and income, and make other vital decisions like budget-making. In simple words, it tracks the overall financial behavior and makes adjustments accordingly.
- Manages Finances Securely
Having a personal finance management app makes a user more confident about spending and saving. In addition, users can keep the hesitation aside when they know that the app has already managed the saved amount.
- Helps Make Clear Decisions
Impulsive purchases are prevented with the help of the app. Furthermore, the app efficiently distributes finances amongst essential must-buys and luxuries that can be delayed buying.
Must-Have Features of Personal Finance Management Apps
- Cross-Platform Mechanism
The cross-platform mechanism is one of the top-notch features demanded by the users as it simplifies the proceedings and eliminates a lot of additional time as they transact.
- Security
Strengthening the security of mobile apps is crucial to gain the trust of users and intrigue them to use your app. Therefore, developers can make use of Blockchain technology to take the transaction game to the next level. The technology offers authentication and transparency, which will highly protect the database.
- Personalization
To offer an efficient mobile app experience to your users, collecting information and providing personalization can do wonders.
- Artificial Intelligence (AI)
AI is another must-have feature for an app that deals with finances. Integration of this tech can notify its users whenever they exceed the spending limit. Chatbots can also be incorporated for an improved experience.
- Rewards
Are your users not saving much? It’s time for some motivation. To do the same, offer rewards and points to keep them on track to saving. Offer deals, discounts, etc., to keep your users hooked to the app.
Undoubtedly, there are many more features that need to be integrated into personal finance management apps. However, the five features mentioned above are the most important of them all.
To Sum Up
Assuming that now you have an idea about a personal finance management app, the app development planning won’t be baffling. However, if you have a few more pointers to add to your app development, go ahead with the idea and create a successful app.
But before that, consultation from the professionals is a must. So, reach out to the app developers in Dubai and get efficient solutions.
So, what are you waiting for?
Want to make your mobile app from theQatar's best app developers?
Take an appointment with us we are the No.1 mobile application developers in Qatar and we do native, IOS, Android app development in Qatar.
The year 2019 seems, by all accounts, to be very encouraging for organizations which are giving every single positive sign to embrace this game-changing innovation and receive trans-developmental qualities in return.From tech purchasers to sellers, to financial specialists, to governments, to the scholarly community, presently all are learning and teaching themselves about the capacities of AI.
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Mobile apps have undergone various transitions and improvements since their inception to match varied contemporary device configurations and user experience expectations.
As of today, mobile apps have been categorized to fit various business and individual needs.In this blog, we will have a look at the available types of mobile apps in the market and what each type entails for a business.Native Mobile AppsNative apps as the name suggests are native to a particular platform such as Windows Phone or Android.
Apps that are built for a particular platform cannot be used on any other platform.
They are usually costlier than other types of apps due to their maintenance and support dependence.Hybrid Mobile AppsHybrid apps are built with the help of various multi-platform technologies such as JavaScript, HTML5, etc.
They typically make use of native as well as web-based apps.
They are easier to develop and are a little inexpensive as the code base is low-cost maintenance and has smooth updates.
It's a fantastic platform that helps you remain connected to your friends and family.
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But it can bring pain that may make you want to delete the Facebook page.For some people, social media could be a curse.
It's paramount to remain sane if social media has gone out of proportion.
You can go on and delete it from existence.
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Talabat.com is developed in Kuwait by using a collection of younger entrepreneurs.
Hungerstation is the affiliated logo of meals panda active in Saudi.
Talabat was founded in 2004 by using a set of young entrepreneurs who took advantage of the web meals ordering possibility that existed in the Kuwait marketplace.
The simple concept at the back of the starting place of Talabat turned into creating a kind of platform which became efficient in addition to clean-to-use, and nowadays it won the placement of being the biggest online food ordering provider in GCC, that is present across all of the six markets.
They don’t charge more money from clients but they get a commission from the partner restaurants for each successful order.
The working of an online meals ordering and the delivery website is quite simple.Following is a step by step guide:Customers explore the listing of the restaurants and their menus in a specific place.They place the order and pick out the desired payment method (online payment or COD).Restaurant and marketplace proprietors get a notification about it.Clients get a confirmation of their order.The restaurant will start order processing and meals guidance.The order is introduced to the client through the restaurant or third party delivery service.Marketplace owner cuts pre-decided commission from the overall quantity of the invoice and releases the rest to the eating place owner.Beginning an online food delivery business like Talabat isn’t an easy task.
