Tanda is a newly launched application from Yahoo Finance that's serving as a new money saving tool for Millennials.
The new social app enables groups of five or nine people to pool their money in an effort to save for short-term financial goals. The tool features a unique rotating monthly payout plan in which each individual contributes a pre-selected amount. At the end of each month, a different individual will take home the culminated amount, until each member had the opportunity to do so.
To ensure complete fairness, Tanda has promised to step in and make a contribution should a friend stop contributing. The over-arching goal of this app is to provide Millennials with a more accessible and interactive means of financial planning.