The 'Even' App is Designed for Users Who Have an Irregular Income

By: Katherine Pendrill - Jul 16, 2015
References: even.me & fastcoexist
'Even' is a new app for individuals who rely on an irregular income. For those who rely on seasonal or freelance work, there are often periods of time where they have may have no steady stream of income. This new ad helps smooth out the complicated highs and lows of an irregular income.

The app makes an analysis of your finances by taking into consideration periods of high income and periods of low income. The app will then sort out an average monthly income. If you make more than your average in a given month, the app will take that money and set it aside as a surplus to cover low-income periods or to repay any no-interest loans you may have. The app ultimately turns an irregular income into a salary and helps you budget accordingly.

With a large number of people living in a state of financial insecurity, the Even app helps ensure that individuals are able to survive in low-income periods.