Dough Nut

Provides young adults the incentive to spend less money thus, save more.

Developers & Designers: Anisha Jain, Emily O'Neil, Rose Garcia

Try the app using the example receipt in screenshot!

Many teens and young today are leaving home, going to college, and continuing on with their lives without the skills and responsibility that they need. One of the most important skill sets they’re lacking is money management and budgeting. Not only does this affect a person’s teenage years but can carry on to their adulthood. After having seen our own family members and peers suffer from their ability to manage money, we have realized that money management skills must be taught at a young age. We need to teach the young how to manage their money—and giving allowances are clearly not doing the job. With the app, Dough Nut, young adults would be motivated to spend less and save more; and in the process they would learn to manage their money effectively.

Who would have thought saving money could have more rewards than just the money itself? Well, there you have it. For every penny you save, you are now getting donuts! Well, donuts that you can use to not only buy but also accessorize avatars and pets! That’s not the only reward you get, though; now they also have a better chance to get that XBox, or new TV set, or whatever else was on that wishlist. With the evidence all saved on the tips of your finger, you can now show your parents the amount you’ve been saving and the responsible manner by which you’re handling money, to get that which you would love to have.

With this app, young adults would learn to manage their money in a fun, exciting environment, and thus, be spending less money. With the young spending less money, parents now get to have much more savings than usual. Not only is there more money in your hands, now you can also see where the allowance money goes. The organized charts would show parents …. And allow them to set their kid’s budget accordingly.

Now, saving money is just one click away.