Do You Know Your HEI (Household Economic Index)?
HEI (Household Economic Index) is a measure that represents the percentage of a household’s monthly cost of living that can be reduced through financial strategies or programs. It 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™, on their overall cost of living and work towards improving their financial stability and efficiency.
Four Critical Factors for Establishing Your HEI
- Lowering Monthly Expenses: By allowing clients to reduce the amount they need to deposit each month through your affiliate plan, you help households experience an immediate $250/month reduction in their required expenses for each referral. This decreases their cost of living, improving their HEI by freeing up funds that would otherwise go toward bills.
- Optimizing Cash Flow: With PayZero®, 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.
- Cost of Living Offset: Since you make money through bank deposits and use a portion of those profits to offset the clients’ cost of living, their overall financial burden is reduced, further enhancing their HEI by minimizing the impact of rising household costs.
- Crowd Saving Model: 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 community referrals. This strategy 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.