Enrich Hong Kong has launched MoneyWise, a mobile application especially designed for migrant workers, with a team of volunteers who roamed Chater Road in Central and Victoria Park in Causeway Bay on Dec. 13.
The app aims to help migrant workers save money to achieve their financial targets. It has a specific feature which allows one to set different goals, then use the app to automatically calculate how much is needed to save for each, after taking into account one's monthly income and expenses. It gives target dates to make individual goals a manageable reality.
Enrich executive director Lenlen Mesina explained that emergency fund was also incorporated in the budget section to avoid falling into the debt trap when crises arise in one's family.
The app is developed in partnership with JP Morgan and Chase Force for Good Program and can be downloaded for free at Appstore for Apple users and or Google Play for Android users.