Roles and Time
Lead all design, strategy, management, customization, and development decisions.
Overview
This project is to help offset housing costs by helping lower cost of living to residents by guiding them to affordable options fitting any budget lifestyle. Also, could appeal to visitors who might be on a tight travel budget looking for an affordable “locals style” vacation.
Challenge
Rent has risen in recent years and the median rent for a two-bedroom unit would cost almost half (47%) of the income of a typical city renter.
The city median income $41,604.
The average annual income of restaurant and hotel workers in New Orleans was only about $25,000 before the pandemic.
One-third of residents were identified as severely cost burdened, meaning they spent over 50% of their income on housing.
The combined Louisiana and Orleans Parish tax rate is 9.45% on sales. There is an additional 0.245% rate in the French Quarter Economic Development District totaling 9.695%.
Key Takeaways
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Time and interest in given deals/coupons are an important factor to how often they are searched for on the internet.
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There is an unclear method as to how to save money or incorporate money saving into a daily routine.
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Spending is cut back in areas not seen as a necessity to save for short/long term goals.
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Paying off debts (school, medical, or credit cards) is important, but there’s a lack of understanding how to lower these debts and pay them off without income increase.
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Saving money is important but not spending a lot of time on searching for a way to save money is more important.
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Deal Hunters vs. Money Budgeters. Not always the same user.
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Necessity vs. Luxury Items
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Many offers were seen as something not necessary; therefore, they did not want to spend money on the offers seeing them as spam.