Finding room in a monthly budget for something extra can be difficult, especially for caregivers who may not make as much as they'd like. But, what if you'd like to establish an emergency fund or need some extra cash for a car payment? The Priority app helps caregivers identify spending habits and decide what they can cut out to save cash for a long-term goal.
When caregivers first download the app, it greets them with a screen asking for three words or less about something they really want. This could be something more general, like an emergency fund, or something very specific, such as a new TV. Users then need to enter the estimated amount of that item.
The next screen pops up and asks caregivers to consider what they'd be willing to give up to get that item. The example presented by the app is an afternoon cup of coffee, which could run the typical person anywhere from $2 - $4, depending on the location and order. Think about your daily or weekly routine and consider the little purchases you make on a frequent basis. What can be eliminated that you might not miss much in order to save for a larger goal?
After users decide what they'd be willing to give up, the app asks for an approximate dollar amount and frequency of spending per day or per week. Then the app determines how long it would take for the user to reach their end goal based on the amount saved per week.
For the sake of example, in this scenario, the user would give up a morning coffee run at $4 a cup five times per week. They are saving for an emergency fund, which they would like to build up to $1,000. According to the app, it would take 250 weeks at $4 per week to reach that goal.
As caregivers begin to skip their old habit of spending money, they can enter the app and log it on a daily basis. As users log skipped purchases, the app updates their total "Skip amount" as well as the number of skips needed to meet their ultimate goal. Users can update the details of their goal at any time, and see any completed goals or user stats in the main menu.
The Priority app is available for Apple platforms.
Senior caregivers, let us know your feedback on this app and keep us posted if you discover additional apps that assist with caregiving duties and help relieve caregiver stress. You may also refer-a-friend to a senior caregiving job and win prizes weekly and monthly on Caregiverlist.