If you’ve been having difficulty getting some service members excited about penciling out a spending plan, this new app form Army OneSource and Military Saves might just be the answer. The new Money Matters Mobile App is an ideal tool for PFMs to use with service members who are looking for an easy, accessible way to get financial information on the go.
The app can be used on a wide variety of Smartphones, including iPhones, iPod Touch, Androids, and BlackBerrys that have the newest operating system (v5). The free Money Matters Mobile app links users with financial tips from the Military Saves’ Facebook page, savings tips, a debt repayment calculator (great for figuring out payment amounts before making big purchases), and contact from a Community Support Coordinator to learn about financial events in their area. Additionally, users are encouraged to take the Military Saves pledge, as well as to share the pledge with others.
This new app is an ideal tool for tech-savvy people who rely heavily on gadgets and web-based information. Success oriented service members engaged in one-on-one financial counseling would appreciate the ease of access this app provides. The accessibility, literally, at the tips of their fingers, may encourage users to engage in financial planning online communities.
Families will benefit from this app too. Encourage parents attending financial workshops to download the app not only on their own phones, but also on their spouse’s and teenage children’s phones as well. Parents will benefit from the useful tips and calculators while youngsters will be introduced to financial terms. Using the app as a family may serve as an important springboard for family conversations about financial matters.
To download the Money Matters Mobile App, type http://www.myarmyonesource.com/moneymatters into the browser of your Smartphone or capture the barcode with a Quick Response barcode reader app.
How might you use this new app as a tool in your financial management program? Has anyone use this in one of your workshops or counseling sessions?