Developers of a new app, called Puddle, want you to throw out the old idea of keeping money and friends separate. The way Puddle works is that you can borrow from it up to 5X what you put in. So lets say you put in $10 then you can take out $50, put in $500 and you can take out $2500, and so on. It’s a great option for people not able to get a loan from a bank, but that don’t want a paycheck advance. You have to pay a monthly fee for every month you have an outstanding balance—this incentivizes users to pay back loans quickly. And if you think people are going to take your money and run be surprised, Puddle has been operating in trial mode for the last 2 years and has a 98 percent payback rate.
Micro-funding app lets you borrow money from your friends
More of Today's Solutions
More US states and cities are boosting minimum wages in 2026. What does it me...
BY THE OPTIMIST DAILY EDITORIAL TEAM As the federal minimum wage remains frozen at $7.25 an hour, unchanged since 2009, cities and states across ...
Read More3 organization hacks for Type B brains that actually work
BY THE OPTIMIST DAILY EDITORIAL TEAM Scroll through any productivity blog or time-management book, and you’ll find a familiar formula: rigid routines, detailed planners, ...
Read MoreAn easy hack to counteract the harmful health effects of sitting all day
Humans are not designed to spend the entire day seated. Nonetheless, billions of us do it at least five days per week, as Western ...
Read MoreEnsuring no pet goes hungry: The rise of pet food banks in the UK
Pete Dolan, a cat owner, recalls the tremendous help he received from Animal Food Bank Support UK, a Facebook organization that coordinates volunteer community ...
Read More
