It has been proven time and time again that experiences trump possessions. In fact, there have been studies done that show people glean significantly more happiness from going on a trip than from buying a new phone. But if you can't afford either, it's kind of a moot point. Fortunately for you, there is a startup that aims to make your financial situation a little brighter… with a little help from your friends.
Clink is a no-fee saving and investing app that has allowed thousands to build up funds for trips and taxes alike. All you have to do is make a profile and start depositing money in your account. Your savings will grow faster than that time you got food poisoning and didn't spend money on food for a week and a half. It's easy, its productive and it gives you a thumbs up when you make an account.
Recently, Clink made an addition to their service that further proves that experiences are better than things. With the Group Savings feature, Clink users can combine their resources with friends to cultivate a group saving system that can be put towards trips, dates and other activities that require multiple people.
“The group savings feature was designed for our users who want to simplify and add transparency to the process of raising funds between multiple people,” said Eyal Fruchtman, founder and CEO of Clink to Digital Trends. “Group savings is able to make the process of saving for important moments – like the next big vacation or even a wedding present – seamless. This is especially useful for long-term goals and can reduce some of the burden associated with putting money away.”
This app is one of many that has jumped onto the fintech bandwagon. However, the key to Clink's presumed success is their knowledge of what people want: to be connected to each other. Other payment apps understand that financial transactions are important and should be treated as such. But this effort from Clink shows that, in a world filled with disconnected people staring at screens, there is still a way to use technology to bring people together.
Smartphone addiction is more than a budding fad; it has become a serious problem. But if companies take Clink's lead from group saving, the dawn of socially-connected technology could usher in a whole new way of meeting friends and making memories.
That was cheesier than I meant it to be.