Tuesday April 23, 2019
Home Business 5 Apps Which ...

5 Apps Which Make Millennials Spend Money Wisely!

These finance apps may help the millennials in managing their expenses in a better way.

0
//
Millennials
Apps which can help Millennials save money

Millennials are leading their lives in the “tech age”, where they have their own set of generation problems. Inflation has been a common problem of all the generations, but Millennials altogether have a different approach to life. The young adults of today are much more carefree. Their expenses are not just limited to home, family and food. From going on regular vacations to spending money in hip restaurants, they want it all. Keeping all these factors in mind, it becomes necessary to set meager budgets for all the planned luxuries and at the same time increase your savings as well. This may sound difficult, but the digital era has made it easier. Below are five finance apps which would manage your expenses!

  1. Cash Envelopes! 

Keeping a strong will is tough if you always find money in your wallet. This is a world-wide problem. The solution for it is to decide your budget for various expenses and keep them inside envelopes. An excellent savings app, Mvelopes, has expertly executed this idea with the help of technology. This way, if anyone savings envelope gets vacant, you can either wait for it to refill or take money from other cash envelopes. These envelopes will get connected to maximum four bank accounts.

2. ‘Balance’ Your Way

An app called Balance is at the rescue of millennials. It helps to manage money effectively so that one can save a good amount. It has recommendations on habits of expenditures in the form of ‘recipes’. The app streamlines the documentation processes in investments; thus, making an individual aware of the risks linked to it.

3. Keep a track on money spent

Sometimes, we may just get reckless and spend our cash without keeping in mind the expenses. To control this behavior is of utmost importance. An app called Money View would help you maintain a record of all the payments you made. It also tracks the dates of your bill and never lets you miss a payment deadline.

Also ReadBe Job Ready in Lesser Time Now! Must Dos for Men

4. Sharing budget

Setting a good budget will better your spending habits. And, the Google Budget app helps you to understand better spending habits. It is quite like Mvelopes, except that it also facilitates sharing these budgets with close relatives. This app taps all types of payments, users are making from the connected account.

5. Tracking Your Overall Financial Position

Since Millennials grew up in the generation when technology witnessed a boom, they are expected to handle their bank accounts digitally without much panic or mulling.Mint app keeps track of your expenses, cash and income inflows. This leads to constant reminders in your mind about how much money you should or should not spend. An integrated amount of your savings also helps you in making better and bigger future decisions.

by Megha Acharya of NewsGram.

 

 

 

 

Next Story

Filmmakers Crack A Code To Successful Business, Shooting With Budget Control

While Indian filmmakers continue to look at foreign locations depending on their need, several states within the country have developed shooting-friendly policies.

0
films
"The story needs to be in place and the locations can be cheated on and passed off as real ones sometimes. Also, being outdoors ensures the film shooting goes uninterrupted, and can be wrapped up in time." Pixabay

By Radhika Bhirani

It was the search for exact replicas of the gear and guns of Special Forces Officers which pushed the makers of “Uri – The Surgical Strike” to explore Serbia as a destination that would lend the film an authenticity that would go beyond its Kashmir-like topography.

“I couldn’t have got a better Kashmir outside Kashmir than Serbia,” director Aditya Dhar had once said of the southeast Europe country, now a hub for Indian film shootings owing to easy commute — no visa regime for India for 30 days — and an attractive 25 per cent cash rebate.

But Dhar’s reason to take the crew to Serbia was more than one.

He told IANS; “The kind of gear we were looking at for the film; the clothes, the guns, the night vision goggles, the helmets… Our requirement was very specific as we wanted to be as close to what real Special Forces Officers use. That kind of gear is not available in India. You get those kind of things in Europe or the US.

“Importing that to India may take you close to a year or two. And because the film was very time-specific, I couldn’t have taken that risk. That was one of the prime reasons why we went to Serbia.

shooting
Filmmakers have to be smart about how they pull off films within a budget and with right locations because the stars charge a lot. So, they have to rationalise the shooting budget Pixabay

“The other was that the topography of Serbia is very close to Kashmir. That actually lent itself perfectly to the film. Another reason was that it was not a very expensive territory to shoot in, and was easy to commute to.”

“Uri…” was shot in 49 days and within a budget of Rs 25 crore. And Dhar was happy to have replicas of M4 carbine, M16 rifle and AK47.

“Somewhere, I feel if the law of importing the replicas into India can be eased out so that we can use them for film shooting purposes and we don’t have to go abroad so much. Instead we can create the exact same thing in India,” said the director, whose film has crossed the Rs 200 crore mark at the box office.

This is just one of the many examples of how, with tight schedules and smart choice of locations, our filmmakers are gradually moving towards an ecosystem where they are able to control the shooting budget to create content-driven movies that reap box office returns and audience appreciation.

“AndhaDhun”, shot in Pune, was a runaway success. “Stree”, shot in Madhya Pradesh, ran successfully and crossed Rs 100 crore. “Badla”, a story that largely oscillated between two rooms, was shot in Glasgow, Scotland, and has made close to Rs 90 crore. “Luka Chuppi”, shot in Gwalior, has surpassed that mark, as per industry sources.

Sometimes special shooting requirements, like in the case of “Uri…”, take filmmakers abroad — as it happened in the case of “Race 3”, when Hollywood stunt director Tom Struthers got UAE military support with a Blackhawk helicopter, Oshkosh trucks, NIMR military vehicles, and Humvees for action scenes. But that didn’t guarantee word-of-mouth success.

Trade analyst Komal Nahta told IANS: “Filmmakers have to be smart about how they pull off films within a budget and with right locations because the stars charge a lot. So, they have to rationalise the shooting budget. Plus, the audience is so discerning about the content that filmmakers can no longer sell stories on location alone.

films
Filmmakers need to have better production planning and better integration with government authorities for a smooth process. Pixabay

“The story needs to be in place and the locations can be cheated on and passed off as real ones sometimes. Also, being outdoors ensures the film shooting goes uninterrupted, and can be wrapped up in time.”

Amod Mehra, another trade expert, said managing time and budget well can also be credited to how the industry has become very “professional and well organised” over the years. “Artistes do enough workshops before beginning the shoot so that no time is lost on sets. Plus, we are no longer shooting on reels,” Mehra told IANS.

While Indian filmmakers continue to look at foreign locations depending on their need, several states within the country have developed shooting-friendly policies. That is besides the single window clearance system put in place by the Ministry of Information and Broadcasting.

Also Read: Helicopter Attack on Six Rohingyas in Myanmar’s Rakhine State

Vikramjit Roy, a seasoned film fraternity member who now heads the Film Facilitation Office (FFO), told IANS: “The process of seeking permissions is not complicated anymore. In fact, the guidelines are very specific and there is no anomaly. Filmmakers need to have better production planning and better integration with government authorities for a smooth process.

“The government mechanism is in place, and the FFO now gives the comfort of single window clearance, so filmmakers can totally leverage that.” (IANS)