Why This Is A Necessity

Many whom are presented with this idea for improving their financial circumstances might say to themselves, whats the point ? Why do I need this, aren't there other ways I can manage my money without your product ?
 In response to them I say your right, there are multiple ways which you can try and manage your money without the use of this particular idea. Yet, the fact of the matter is, that majority of Americans have way too much things going on in their lives to physically sit down and tally and account for every possible charge they have by them-self. Few, if any Americans can say that they are capable of doing this, because even though we may account for a great majority of charges that we may incur, there is more than likely going to be the charges we overlook. My invention would be most efficient, in that it would account for all the charges that we overlook, even the seemingly trivial ones, which we neglect to take care of and incur interest and late fees for. This is the very specific problem which I am aiming to reach at through the use of my entrepreneurial idea.

Granted, my product wouldn't completely erase all the monetary issues that the average family faces in their everyday life, it would be a big start. Speaking from my own experiences, my own parents had many monetary issues mainly because they would mismanage money often. And so kids, whom can relate to my experiences, may also be able to relate to growing up not being taught the proper way to manage money. With the introduction of this tool into the mainstream market, then three monumental changes would occur. The first being the current generation of adults getting a firmer grasp on their monetary situations and improving on areas which they most need to improve on, in order to sure up their financial circumstances. The second being that the current generation of kids and youth, which are to be the adults of tomorrow, will have a easy, simple way to learn how to save money, know where to cutback,save energy costs, and to live in such a way that will prepare them for a more economically safe future as an adult in the world they will be apart of. The last field being affected, would be the economy in general, which would experience a greater amount of prosperity for better credit ratings, more loans going out, etc.

This topic relates back to Professor Rubin's lecture of input and output devices in many ways.With the new input and output devices, including RFID devices , there will be a chance to keep a track of where each and every individual product you put out is. This will help in terms of manufacturing on a large scale and running your business more smoothly and effectively.