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3 Best Money Management Apps Used In Daily Life

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3 BEST MONEY MANAGEMENT APPS USED IN DAILY LIFE,Startup Stories,Startup Stories India,Inspiration Stories,2017 Most Read Startup Stories,Mint,The Birdy,Mvelopes,smartphones,online shopper


Are you an enthusiastic online shopper? Did you ever fall for attractive discounts that the e-commerce sectors offered you? Do you frequently lose track of how you are spending? Or have you ever run short of money in the middle of the month? If your answer is ‘Yes’ for any of these questions, then this is especially for you.

Without much ado, we present you the best money tracking and managing apps that you can find on your smartphones.

1) Mint

  • Mint is one of my favorite apps when it comes to managing money effortlessly. This app easily creates budgets and helps us based on our spending habits.
  • You can track and pay bills like never before. You get alerts and can schedule payments on the spot.
  • It shows your recent transactions you’ve made and also how you’ve been using your account.
  • It warns you when you are spending too much and advises where to cut back exactly
  • You can see your bills and money together, so you can have a transparency of your bills like what’s due, when it’s due and what can you pay.
  • Mint gives you personalized tips and advice for maximizing your money every day.
  • Mint is available on Android, iOS as well as Windows.

2) The Birdy

  • The Birdy app is a simple, flexible money tracker that helps you monitor your daily spending and expenses.
  • Track what you want to and how you want
  • You can reply to one email a day or even set up text reminders. Also, you can add custom tags to track your purchases by category
  • The Birdy suggests where to save, and where to cut back, friendly reminders helps you to stay on track.
  • The Birdy promises that it will not share any of your personal information with anyone.

3) Mvelopes

  • Mvelopes finds out a dedicated way to make financial mastery easier. This is an effective financial management program that helps to track all your earnings and expenses.
  • As you spend money during the month, you can log in periodically to Mvelopes, and assign those purchases to an envelope, and it will be deducted from that envelope’s total.
  • For instance, you may want to be sure your bi-annual auto insurance bill doesn’t cause a problem when it comes due, so by putting $100 a month in the Auto Insurance envelope, when the bill comes 6 months later for $600, that money has already been set aside.
  • Mvelopes is available on Android and iOS.

Well, share with us which money management app are you using to track your expenses.

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Mercedes Hits the Brakes on EVs: Profit Woes Lead to Focus on Gas-Powered Cars

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Luxury carmaker Mercedes-Benz is experiencing a shift in gears, prioritizing gasoline-powered vehicles over its previously ambitious electric vehicle (EV) strategy. This comes after disappointing sales figures and shrinking profit margins for their electric offerings.

The Dream Runs out of Charge:

Mercedes, a leader in the luxury car market, had set a goal to be fully electric by 2030. However, sluggish sales of their electric vehicles, particularly the high-end EQS and EQE sedans, have forced a recalibration of their plans. The company’s profit margin dipped to a concerning 9% in the first quarter of 2024, falling below their long-term target range.

Why the Slow Charge?

Several factors are contributing to the lackluster performance of Mercedes’ EVs:

  •  Price Point Pinch: The high price tag of Mercedes’ electric cars, ranging from $70,000 to $120,000, limits their appeal compared to more affordable electric options. 
  •  Competition Heats Up: Other luxury carmakers like Tesla and BMW are offering strong competition, with some even surpassing Mercedes in EV sales growth. 
  •  Infrastructure Concerns: Gaps in charging infrastructure and anxieties about range remain significant deterrents for potential EV buyers.

Back to the Drawing Board:

In response to these challenges, Mercedes CEO Ola Källenius announced a revised strategy. The company will:

  •  Extend Focus on Combustion Engines:  Production of gasoline-powered and hybrid vehicles will continue well into the 2030s, catering to customer demand.
  •  Rethink EV Strategy: Mercedes will analyze consumer preferences and market trends to refine their electric car offerings. This may involve focusing on more affordable models or improving features to enhance range and charging efficiency.

The Road Ahead

The shift by Mercedes highlights the complexities of the automotive industry’s transition to electric vehicles. It underscores the need for car manufacturers to balance ambitious environmental goals with the realities of consumer behavior and market competition.

Is this a Permanent Pause?

While Mercedes is putting the brakes on its all-electric vision, it doesn’t necessarily signal a complete retreat from EVs. The company may leverage this time to strengthen its electric offerings and ensure they are competitive in the rapidly evolving market. Only time will tell if Mercedes can reclaim its position as a leader in the electric vehicle race.

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Artificial Intelligence

Reddit Soars After Strong Earnings and Upbeat Outlook

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Reddit, the social media platform known for its online communities and meme culture, saw its stock price jump significantly after releasing its first earnings report since going public in March. Investors were impressed by the company’s strong financial performance and optimistic forecasts for the future.

The report highlighted a surge in user engagement, with daily active users increasing by 37% to 82.7 million in the first quarter. This growth was accompanied by an 8% rise in average revenue per user, indicating Reddit’s success in monetizing its platform. 

Perhaps the most significant factor driving the stock price increase was Reddit’s forecast for the second quarter. The company projected revenue to fall between $240 million and $255 million, exceeding analyst expectations. Additionally, Reddit anticipates achieving break-even status or even generating a profit, surpassing predictions of a loss.

This positive outlook can be attributed in part to Reddit’s flourishing advertising business. The company is also capitalizing on a new revenue stream: content licensing deals with artificial intelligence (AI) firms. Reddit’s vast collection of user-generated content provides valuable data for training AI models, attracting companies like Google.

Analysts believe Reddit is still in its early stages of monetization and predict continued growth in the coming quarters, fueled by advancements in ad targeting and measurement tools. This optimism is reflected in the stock price surge, which has climbed roughly 70% since Reddit’s IPO.

Overall, Reddit’s first earnings report paints a bright picture for the company’s future. With a thriving user base, increasing revenue opportunities, and a promising outlook, Reddit appears well-positioned for continued success in the ever-evolving social media landscape.

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Artificial Intelligence

The AI Video Revolution: How Sora is Reshaping Marketing

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Sora, an AI-powered video generation tool by OpenAI, has sent ripples of excitement through the marketing world. Its potential to create high-quality videos from simple descriptions is a game-changer, impacting how brands connect with audiences. 

Here’s how Sora is elevating engagement:

  • Hyper-realistic storytelling:  Sora can craft visually stunning videos in seconds. This lets marketers ditch expensive productions and create content that resonates deeply with viewers. Imagine a travel company whisking audiences away to exotic locales through captivating, AI-generated videos.
  • Personalized marketing on steroids:  Imagine video ads that speak directly to you, not a generic audience. Sora can personalize video content based on user data, creating a more impactful connection. A fitness app could use Sora to generate videos featuring exercises you enjoy, making the marketing message relevant and engaging.
  • Experimentation playground:  Sora empowers marketers to experiment freely.  Since creating video content becomes faster and cheaper, brands can test new concepts and narratives without breaking the bank. This fosters a culture of creativity and allows marketers to discover what truly clicks with their audience.

Of course, there are challenges. Integrating Sora seamlessly into existing workflows and maintaining the human touch in storytelling are aspects that require development. But Sora’s potential to revolutionize marketing by creating  engaging, personalized content at scale is undeniable.

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