[dragonwriter]

> My understanding of this is you set up a monthly allowance with them and they save your surplus for the months where you don't make as much.

No, they calculate what they call an "average" of your income over a period of time (though it is expressly not any of the usual mathematical averages and they don't disclose how they calculate it) and they retain your surplus above that "average" in better months pay you the difference to reach back to your "average" in months that are below.

> This doesn't seem like solving a problem, rather they are creating an illusion of solving a problem.

Not always an unsuccessful business model.

[reedlaw]

I'm concerned about what Even's actual business model might be. It's hard to imagine that it doesn't involve somehow skimming a portion of the salaries they manage. Even if it's a tiny percentage, it seems like it would be an incredibly difficult tightrope walk to keep the portion "fair" and not veer off into taking advantage of the very people the app is purported to aid.

[mathgorges]

According to their FAQ [1] they charge $3 a week.

[1] https://even.me/faq#how-even-makes-money

[ryan-c]

The article says they charge $3/week.