CrowdPay™ High Yield Expense Return Calculator

Do You Know Your HEI (Household Economic Index)?

HEI (Household Economic Index) – A measure of how much of your monthly cost of living is offset by dividends, reducing the amount you need to personally contribute toward your bills. It represents the percentage of your monthly expenses that you, your spouse, or partner do not have to pay directly, as they are being covered by a dividend from the MyPENY™ High Yield Expense Account.

For example, if you earn $5,000 a month and your living expenses are $4,000, you have $1,000 left over. If a dividend from the MyPENY™ High Yield Expense Account consistently reduces your required bill deposits by $200, your HEI benefit for that month would be 5%, reflecting the portion of your costs that is covered by the dividend.

Your HEI provides an indicator of how effectively a household can lower its expenses and optimize its budget. By tracking the HEI, families can understand the impact of various financial tools and strategies, such as CrowdPay™ and MyPENY™, on their overall cost of living and work towards improving their financial stability and efficiency.

HEI Formula
HEI = (Amount Offset by External Source ⁄ Total Monthly Cost of Living) × 100

Whereby:

• Amount Offset by External Source: The total monetary support provided by the external financial source (such as the MyPENY™ High Yield Expense Account).
• Total Monthly Cost of Living: The total expenses the household incurs each month.

This formula calculates the HEI as a percentage, showing how much of a household’s monthly expenses are being covered by dividend benefits. For example, if your total monthly cost of living is $4,000 and your dividend offsets $200 from the MyPENY™ High Yield Expense Account, the HEI would be:

HEI = (200 / 4000) × 100 = 5%

Four Critical Factors for Establishing Your HEI:

1. Optimizing Cash Flow: With CrowdPay™, clients make equal weekly deposits, simplifying the management of their monthly expenses. This regular payment structure helps families avoid large, one-time payments that can strain their budgets, contributing to better cash flow and financial stability.
2. CrowdPay™ Cost of Living Offset: The unique crowd-saving aspect of CrowdPay™ allows households to gradually reduce the amount they need to contribute to their own bills by leveraging the power of bill pay dividends. This strategy, enhanced by the MyPENY™ High Yield Expense Account, can help clients lower their out-of-pocket expenses without compromising the full payment of their bills, leading to long-term savings and improved financial health.
3. Lowering Monthly Contribution Towards Expenses: By allowing clients to reduce the amount they need to deposit each month through our affiliate plan, we help households experience an immediate $250/month reduction in their required monthly expenses for each referral. This decreases their cost of living, improving their HEI by freeing up funds that would otherwise go toward bills.
4. Ever-Growing Dividend Impact: The chart below illustrates how after 90 days, thanks to an ever-growing dividend from the MyPENY™ High Yield Expense Account, we begin asking for less and less money to cover your expenses, thereby increasing your HEI.

Please enter your total monthly expenses for your household.  Include streaming services, insurance, internet, rent, mortgage, travel, utilities, vehicle gasoline, dining out, the gardener, your mother-in-law, adult children, clothes shopping, etc. Include as much as your reality calls for.