Budget Bears | Helping people save by organising money into categories based on income, as well as spending habits.

Project Team:

Sandra , Mackenzie , Brooke , Jasmine , Charlene

Status:

New Idea

School/Organisation:

Pedare Christian College

Social Purpose

Decent Work & Economic Growth

What is the problem you found?

The problem we are focusing on is that individuals are sometimes unable to set boundaries with their spending. It's difficult to practise self-control with spending. We want to help.

Wants vs needs

What is your opportunity?

How might we help people practice more financial self-control?

Who is your audience?

Our typical customer is potentially a young man with a lack of financial self-control, who wastes money, wants to spend money more wisely, struggles to afford living costs due to bad spending habits.

What Is Your Solution?

An app that organises what amount of money should be spent on what items. This also uses the power of emotions and screen use to prompt you via your phone when you are over-spending or saving. The bear's emotions change on your phone to reflect your spending and saving habits. 

 

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Challenge

Financial Wellbeing Youth Design Challenge

Challenge Partners


Program

Academy for Enterprising Girls

Location

South Australia

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