Best Money Moves
Best Money Moves (Founded in 2016) is a leading digital platform for employee financial wellness, empowering individuals to take control of their finances and lower financial stress through straightforward, unbiased content, AI-powered budgeting and planning tools and powerful, personal coaching. A simple, yet powerful platform, Best Money Moves has the right features that make it the right solution for this space:
- Designed for mobile use
- Accredited Money Coaches
- Engagement programs
- Secure and Confidential
- High quality, unbiased content, written by award-winning financial journalist
Even better, Best Money Moves doesn't contain ads or profit off the users whatsoever. We don't try to sell things to users. We don't use their emails to bombard them with extraneous information, and we don't try to get their assets under management. What we do is provide a simple yet powerful way for them to gain control over their finances and dial down their financial stress, providing the employer with a significant ROI on retention, productivity and engagement.
The latest statistics indicate that over 60% of Americans cannot cover an unexpected expense of $1,000; over half have no retirement savings; and only one in three have a monthly budget. And it’s not just the lowest paid workers that struggle. Twenty-five percent of people earning over $100,000/ year are living paycheck to paycheck. Most employees don’t need investment strategies, they need help with the basics of money management.
That’s where we come in. Best Money Move is a mobile-first, cloud-based platform that helps employees measure their level of financial stress in up to 15 categories, then uses a proprietary algorithm to send relevant tools, calculators and content to help inform the employee, solve the problem and reduce financial stress.
At the heart of BMM is a budgeting tool that provides guidance based on income and ZIP code. If a user follows the guidance given, he/she will end up with 8%-10% surplus every month they can use to save or pay down debt.
Best Money Moves competitive advantages are:
- Personalized recommendations that cover a wide array of financial stress categories
- Unbiased award winning content, tools and resources
- Custom content allows client to upload written or video content to engage with their workforce
- Vendor Agnostic Integration - allows client to integrate other programs (Student Loan, Workplace Loan, Identify Theft, etc.)
Best Money Moves is built on the latest technology, accessible anywhere through the Internet and built for mobile. BMM has happy customers and happy users (our cumulative online user rating is 4.8 out of 5).