Problem Statement for Life Beautified

As a student or parent/guardian facing the daunting task of saving for college, I yearn for a seamless and effortless solution that enables me to consistently contribute towards my child's future education, right from the comfort of my own home. The ever-increasing costs of higher education can be a source of significant anxiety, and I am deeply concerned about the burden of large student loans that my child may face upon reaching college age. I envision a straightforward platform that empowers me to effortlessly contribute to my child's college savings plan, even with limited financial resources, without the need for complex financial maneuvers or time-consuming research. I desire a user-friendly interface that allows me to seamlessly navigate through the process of generating and sharing affiliate codes linked to my child's 529 plan account. I envision the ability to easily promote these codes through social media, email, or word-of-mouth, enabling friends, family, and supporters to contribute to my child's education with ease. The idea of earning a percentage of the sales generated through my affiliate codes further motivates me to actively participate in this initiative, as it provides an additional path to accumulating funds for my child's education. Furthermore, I seek a platform that extends these benefits to charity organizations with 501c3 plan accounts, allowing them to effortlessly raise funds for their noble causes through the same affiliate code mechanism. This inclusive approach would not only benefit students and families but also empower non-profit organizations to further their missions and make a positive impact on society. Ultimately, I aspire for a solution that alleviates the financial burden of college education and empowers students, families, and charity organizations to work together to achieve a brighter future.

Problem: Many students and families struggle to save for college, especially those with limited financial resources. This can lead to large student loans and debt.

Background: College costs are rising rapidly, and many students and families struggle to save for college. There are a number of financial aid options available to students, but these options can be complex and difficult to navigate. Additionally, many students and families are not aware of all of the options that are available to them.

Solution: Life Beautified is a nonprofit platform that makes it easier for students and families to save for college by connecting them with brands that offer merchandise and other items for purchase. A portion of the revenue from these purchases is then put toward the student's 529 college savings plan. Life Beautified also provides educational resources to students and families about college savings and financial planning

VISION

The Life Beautified platform hopes to solve a number of problems, including:

• Access to college savings: Life Beautified makes it easier for students and families to save for college, especially for those who may not have the financial resources to do so on their own. By providing a way for students and families to earn commissions on purchases they make, Life Beautified can help them save more money for college.
• Lack of awareness about 529 plans: Many people are not aware of 529 college savings plans or how they work. Life Beautified can help educate students and families about 529 plans and their benefits.
• Difficulty finding brands that support college savings: Life Beautified provides a directory of brands that offer merchandise and other items for purchase, and which are committed to supporting college savings. This makes it easier for students and families to find products and services that they can support while also saving for college.
• Lack of financial planning resources: Life Beautified provides educational resources to students and families about college savings and financial planning. This can help students and families make informed decisions about their finances and their future.

Product Requirements Document for Life Beautified

Product Overview