Revolutionizing Modern Relationships: Tandem App's Innovative Approach to Financial Harmony

By Vinius M Muthii | January 23, 2024

Relationships have been redefined over the years as many aspects of life traject to different situations. In a recent study in the USA, more than 60% of marriages ended in divorce in the 21st century compared to previous decades. The advancement in technology has a powerful role to play in this shift of events. From online dating sites, and social media to AI girlfriends, technology has been the medium that influences modern dating and relationships but mostly in a negative view.

However, the landscape of dating and relationships has also been influenced by other various societal norms and rising matters that are constantly shifting worldwide. With the rise of Feminism and Red Pill concepts in modern life, relationships face a tougher endeavor than ever. One of the common issues in modern dating comes to providing and sharing responsibility.

Technology in the limelight has surprisingly a solution for this common problem causing separation among many lovers. The solution it gives is a modern mobile application, Tandem that reinvents how couples handle financial issues through planning, saving, spending, and splitting income. Let's explore how this application is set to change the modern dating landscape.

Tandem Mobile App. Image Credits: Tandem

How does it work?

To use his application, one partner has to log in and invite their partner. The next step is to connect their credit card. This gives the couple a perfect platform like that of a joint account.

From there, the app uses 4 distinct steps to enhance financial handling. They include:

1. Planning

Planning phase. Image Credits: Tandem

Tandem helps a couple to map out all their goals and save items for future purchases. From deciding on your next vacation to finding the perfect furniture for your dream home, all these are in the comfort of your hands.

2. Saving

Saving Phase. Image Credits: Tandem

This app helps couples contribute to their goals, track progress, and earn interest together via high-yield savings accounts. With their plans laid out clearly, it becomes easier to continuously save towards those dreams and in return enhance harmony among the lovers.

3. Splitting

Splitting Phase. Image Credits: Tandem

Now to handle the hard part in relationships, this app gives a clear guideline on the progress of each partner towards the set goal. This gives a clear guideline for the efforts of each partner to secure their dream goal and gives a great platform to handle all the expenses in one place.

4. Spending

Spending Phase. Image Credits: Tandem

This last step gives satisfaction and brings joy amongst the couple. When you've reached the goal, you can purchase the products directly from the app. From there, the couple can start planning for their next adventure.

Availability and Pricing

Currently, only an iOS application is available on AppStore but efforts to launch an Android app are underway. The Tandem platform works on a subscription basis for $10 per couple in per month annual pricing or $12 per couple in per month pricing. To experience this service, sign up now.

Drawbacks

Even though this application brings togetherness in financial conflict between couples, the transactions pulled into the application can only be seen by the other partner with permission from their partner. This issue shades the transparency in financial issues between couples.

On a debatable issue, financial independence and transparency are not addressed well by this application. In conclusion, startups are using technology to parch up the underlying problems in our society. This serves as a better plan to curb the problems leading to separation between lovers.

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