Kewho Min, Accountant, On Instant Feedback

Spending within your budget can be very hard for many. You can set budgets, write down expenses and keep track of them all day long, but when it comes down to making a purchase, some people just can’t resist spending. And sometimes it isn’t even a matter of willpower; sometimes, people simply do not realize how much they are spending until after they’ve made the purchase. The Feedback Card is looking to change that.

The Feedback Card is a single card that can be synced to multiple checking accounts. This alone is nothing new, however, its ability to display, in real-time, the amount that its user can spend is something that has potential to completely change how we save our money.

How Does It Work?
The entire process is all quite simple. The accompanying mobile application creates a uniquely tailored budget that factors in the user’s savings, expenses and income. Once the budget is created, users add a checking account to the application and simply tap the card to their smartphone, and the information is synced. The card itself actually displays the amount of money that users can spend for the remainder of the day. The card can even display the remaining budget for the week and even the month.

To read the full article, written by Kewho Min, make sure to click the link.

About Kewho Min

Kewho Min is a seasoned professional accountant with decades of experience in finance and accounting. Currently, Kewho Min serves as the vice president to a high profile financial institution. Outside of work, Kewho Min is an avid fan of sports, particularly football and baseball, and thoroughly enjoys New York City and everything it has to offer.