Creator of the gift card, Bert Burke, developed saving and budgeting tool MeMoneys to promote sensible splurging
Financial pioneer Bert Burke is at it again.
After modernizing the way consumers make purchases, with the creation of the gift card and by developing the RoundUp program seen in banks like Wells Fargo and Bank of America, Burke has developed a new saving and budgeting tool that he believes can help recent college graduates spend responsibly.
MeMoneys is a mobile financial system that Burke believes will revolutionize consumer spending, much like his previous innovations.
“When students are fresh out of college and get set to go out on their own, they have a laundry list of big purchases they need to make. Maybe they need a car, house, wedding, or something simpler but still expensive like a couch or bed,” says Burke. “MeMoneys assists these new consumers to easily save, budget and splurge responsibly, ultimately getting everything they need without the added debt.”
Burke, a former psychoanalyst whose inventions produce over a billion dollars in sales yearly in the U.S, predicts his newest mobile financial system will soon be integrated with powerful search engines and retailers like Google, Yahoo, Amazon and Walmart.
So how does MeMoneys work?
MeMoneys takes just minutes to set up and allows users to monitor their budgets as they spend. By allowing users to save up for items and create splurge accounts, the mobile financial system can help users work toward a certain goal, like that a down payment on a house or the furniture that goes in it. The amount saved can go on a pre-paid MeMoneys MasterCard for easy spending or can remain in their savings account to use when they’re ready.
Let’s say a store like Ikea were to partner with MeMoneys. Consumers easily spend a dollar here and a few dollars there, with their savings growing through MeMoneys’ ‘six ways to save’ and potential perks given by the store itself. Before long, they have their very own Ikea gift card that never expires and allows them to buy whatever they want from the retailer.
“Millennials favor products that offer instant gratification,” states Burke. “In only a few purchases, they’ll start seeing their savings stack up and kick it into overdrive. Before they know it, they are making the big purchases a lot sooner than they ever anticipated.”
“It’s a win-win for the purchaser and the retailer.”
Interested in partnering with MeMoneys? Contact Partners@MeMoneys.com to learn more.
About MeMoneys: MeMoneys is the easy-to-use saving, budgeting and splurging tool from successful innovator Bert Burke. Burke, who holds a master’s in psychology from Yeshiva University and a doctorate in psychology and strategic change from Walden University, holds the patents for multiple financial programs or products, He also developed what is now known today as a retail gift card and the transaction rounding-up program used in banks, like Wells Fargo and Bank of America, today. With six ways to save, consumers are able to reach financial goals, whether they are saving up enough for a big purchase or simply having extra money. MeMoneys can be managed on the web or by a mobile app for both iPhones and Androids.