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Dance to the Beat of Your Finances

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Money management is like a dance. Your cash flow is the band, but your bills don’t always step in time with the music.

It’s not an easy dance.

You work, and work, and work. Then you wait for the money to hit your account, like you’re waiting for a beat to drop. You budget your life and expenses around that money. You look at the bills you have to pay, calculate how much you’ll be bringing in, and hopefully arrive at a number that’s above $0. (If it’s not, you need to make more money or rein in your spending.)

Here’s the thing, though: Bills aren’t always due on the day you get paid. Like misplaced staccatos, your rent likely comes due on the 1st, your car payment may be deducted from your bank account on the 15th, and in between you have insurance and subscriptions (that you bought so you could survive canceling cable) coming out on odd dates in between.

You should know all of these dates, and account for them in your budget. But if you’re like most people and get paid every two weeks, you’re not likely getting paid on the same days every month. There’s two glorious months a year where you get three paychecks, but most months you’re dancing around due dates and paydays, trying to get them to work in concert.

It’s likely you’ve slipped a couple of times. You’ve missed a step, and had to let a bill go, resigning yourself to paying a $10 late fee. Or overdrawing your bank account, making that Netflix subscription $38 this month instead of only $8. Or hating that you’ll actually have to pay interest on your credit card balance this month because your money doesn’t come in until four days after the due date.

That kind of sucks. It’s not like you’re irresponsible; you’ve earned the money you need to pay your bills. You just don’t have access to it yet. I’d be lying if I said it had never happened to me. I’ve definitely paid a few choice late fees back when I jammed out to every-other-week paychecks.

There’s a money management app for that.

This whole dance is ridiculous. In the age of technology we live in, there’s no reason we shouldn’t be able to access the money we’ve earned without having to wait two weeks.

If you’re an hourly worker, which I was for many, many years of my adult life, there’s good news on the tech front. A new app has been developed by people who recognized this problem, and saw every reason to provide a solution. That money management app is Activehours. And it doesn’t charge fees or interest.

Activehours gives you access to the money you’ve earned when you want it. When you work, you log your hours. Then, if you know that streaming subscription is going to come out on Thursday, but you don’t get paid until Friday, you can use the app to withdraw $8 so the automatic deduction will be covered, saving you $30 or whatever your bank charges for overdraft fees. You don’t pay any interest when you use the app; the $8 will be debited when you get your paycheck— without any additional fees. Activehours is community supported, so you just give them a voluntary tip to support the app.

This money management app gives you power over your finances, enabling you to live responsibly despite only officially getting paid every two weeks. Because they believe in empowering you as a worker and a consumer, you get to pay what you think the app is worth, whether that’s $0 or a gazillion dollars.

You’ve got those moves…

Empowering yourself with your money doesn’t just keep you from tripping up; it helps you feel comfortable and secure in life so you can worry about other things, or take your money management skills to the next level. Get the tools you need to get your monthly money management under control, and then dance like nobody’s watching.

 

All content is created by and the opinion of Femme Frugality. This post contains affiliate links, which help me keep this blog running. Obviously, since this is a free app, you don’t pay anything additional when you use these links. Thank you for your support, and I can’t wait to see your money dance.

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#FeatureFriday

I’ve been using Activehours since it’s inception. I’m a single mom with 2 young kids and no family support in the area. Either way, I prefer not having to ask my family for help. Since, during my marriage, I went through a bankruptcy, Activehours has been my saving grace. I don’t have a credit card, nor can I get one. To be honest, I don’t really want one. Using Activehours has helped me be more responsible because I know I can only get money I’ve already earned, unlike a credit card. Being a single mommy is hard at times. With a single income and paying all my bills on my own, some days it comes down to living paycheck by paycheck. When emergencies happen, it’s nice to have Activehours.

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These days, I’m much better off and have developed a savings plan, which is increasing my savings weekly. Activehours is still something that keeps me afloat. It’s been a much needed relief when bills have been tight or unexpected things come my way. I would recommend this to anyone that needs a little boost every now and then. It has actually helped me to become more responsible with my finances and more prepared for those unexpected times.

-Abby Turner 

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Payday or Super Bowl Gameday?

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There are two days that make people get up and dance with excitement:

Gameday and Payday

If someone tells you, “You can only have one or the other.” Which one would you choose? That’s a toughie. So, we did a comparison to help you decide:

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It’s a difficult choice. Good thing this year you don’t have to choose. With Activehours’ Lighting Pay, Gameday and Payday can be the same day.

Activehours believes money should work in a way that’s fair for people. That’s why the Activehours app lets you access your pay as your earn it- without any interest or fees.

Now, that’s what you call a Payday Gamechanger. Download the app and make today Payday.

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Why you Should Question the Pay Cycle

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When did everyone decide that the payroll system should be a cycle of feast and famine? You work hard every day and your company benefits from your work every day. So, why do you wait to get your pay?

Payroll.

Companies, not workers, are the ones who set the payroll schedule. So, you may wonder why they wait so long to do payroll. The answer is simple: It’s about money.

It costs employers big bucks every time they do payroll. So, by doing it in batches, they’re saving themselves a ton of dough. Unfortunately, what’s good for employers isn’t the best for people.

In fact, it’s pretty terrible for people. Each year, over $1 trillion is held up for over two weeks in the payroll system, while people are being charged over $50 billion per year in overdraft and interest fees. $50 billion. Just in fees. That’s bonkers.

So, what does a fair payroll system look like?

ACTIVEHOURS  

It’s an app and it’s changing everything. The Activehours app wants to help people get their pay as they earn it- without fees or interest and without having to go through an employer.

If it sounds too good to be true, it’s because you’ve been living in a world where companies are more important than people. Activehours is creating balance and fairness in the financial world. It’s doing payroll the way it should be done: As you work.

Here’s how to get involved:

  1. Log in to the Activehours app
  2. Snap a pic of your electronic timesheet
  3. Cash Out

Activehours sends money to your bank account through direct deposit and retrieves the money from your pay on payday. No fees. No interest. Just a company trying to make money work in a way that’s fair. That means you choose how much you want to pay for the service. The more you give, the more the company and community thrives.
People from over 7,500 companies are already using Activehours to get their pay when they want. Join the payday revolution. #reinventpayday