NurseWallet is a financial management app designed specifically for nurses, allowing users to connect their work schedules to calculate take-home pay after each shift, including deductions for taxes and retirement contributions. The app provides personalized spending recommendations based on monthly expenses, helping nurses effectively manage their finances and save for future goals.
Funding
$2.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Nurses often struggle to accurately predict their take-home pay due to varying shift differentials, taxes, and retirement contributions, making financial planning difficult. Existing budgeting apps lack the specificity required to accommodate the unique pay structures and financial goals of nursing professionals.
Solution
NurseWallet is a mobile application designed to help nurses manage their finances by providing accurate take-home pay calculations and personalized spending recommendations. By connecting to work schedules, the app calculates earnings after deductions for taxes, retirement contributions, and shift differentials. It then analyzes monthly expenses to provide tailored advice on spending, saving, and debt management, empowering nurses to achieve their financial goals.
Target Audience
The primary target audience is nurses seeking a dedicated financial management tool to accurately track income, manage expenses, and plan for future financial goals.
Features
- Shift calendar integration for automatic income calculation based on scheduled shifts
- Calculation of take-home pay after deductions for taxes, 401k/403b contributions, and shift differentials
- Personalized spending recommendations based on user-defined monthly expenses
- Savings goal tracking to help nurses save for specific objectives like vacations or loan repayment
- Direct integration with student loan management tools for easy tracking of debt
- Credential storage and sharing for managing professional certifications