May 12, 2023 – Financial stress can affect anyone, and these days it’s more likely than ever.
Whatever you call it, the burden from inflation and cost of living increases is making life more difficult for everyone, with over a third of Australian adults affected by financial stress in recent times. Frustratingly, this can lead to a “budget spiral” where you have no idea how to get out.
It’s never been more important to get your finances under control with a budget, but those can take time and effort. Worse, your budget may not tell you what to do if your finances are low.
One of the world’s fastest and easiest budget apps is aiming to help, with Simplsaver now providing an indication to when budgets are stressed and what they can do.
Simply put: if your monthly budget shows you’re in the red, you can touch that dollar figure to find resources to help you deal with budget stress and hopefully start you on a path out.
“The cost of living is incredibly stressful for everyone right now, but knowing how much money you should have each month is a handy way of staying in control,” said Leigh Stark, Founder and Developer of Simplsaver.
“But we can still do more,” he said. “A good budget app shouldn’t just work out how much you have, but should give you an idea of what you can do if you need help.”
Already a game-changer in its simplicity, Simplsaver offers a fast, easy, and private budgeting app for iPhone owners engineered to make budgeting and expense management stress-free. It relies on two things – your costs and salary – and quickly calculates your finances for the month based on regular or one-off spends.
The app includes a variety of pre-populated services, such as Netflix, Spotify, Strava, and many more, built to make budgeting faster and easier, while more can be entered with ease including rent or mortgage, shopping, petrol, phone, internet, and other living expenses.
It’s also completely private and stored only on your phone, with no financial data stored in a central location like with other budgeting apps. In an era where data leaks have become all too common, Simplsaver bucks the trend by keeping everything entirely on your phone.
“There are great resources out there if you’re financially stressed, and we want to bring those to attention to help people when they need them,” said Stark.
simplsaver is available now on the App Store for the iPhone.
Images of simplsaver in action are available in the press kit. Learn how it works with our explainer video.
Notes: to test out the “in the red” budget feature, simply set a budget to one dollar, and then add a variety of costs like you normally would. The budget will automatically go in the red. Alternatively, add your current salary and add some outrageous costs to inflate the spend and blow out a budget.
International Differences
Depending on where journalists were, a different version of the release led with variations in the first and second paragraph, and changes between British English and American English, as well as send dates based on international differences.
The current version on this page is in Australian English.
US English
May 11, 2023 – Debt stress can affect anyone and these days it’s more likely than ever.
Whatever you call it, the toll from inflation and cost of living increases is making life more difficult for people all over the world, with over a third of US adults affected in recent times. Frustratingly, this can lead to a “budget spiral” where you have no idea how to get out.
UK English
May 12, 2023 – Financial stress can affect anyone, and these days it’s more likely than ever.
Whatever you call it, the burden from inflation and cost of living increases is making life more difficult for everyone, with more adults in the UK dealing with financial stress in recent times. Frustratingly, this can lead to a “budget spiral” where you have no idea how to get out.
