Experts Agree: These 5 Steps Make Budgeting Easy
- Budget for important things
- Use the envelope budget
- Designate a shopping day
College students use mobile devices for a variety of activities – from posting to social media to purchasing concert tickets. Comfort with smartphone technology has made mobile banking an easy transition for students who are gaining financial independence with their first checking or savings account, and mobile banking apps offer a convenient way to keep track of their finances.
The day-to-day life of a college student is demanding and short on free time. Lengthy banking activities like paying bills and transferring funds are made simple for college students through mobile banking. More time can be spent on the many priorities of a student’s life with the help of banking apps and mobile sites.
How Mobile Banking Differs from Online Desktop Banking
Mobile banking is still relatively new compared to online banking on a desktop computer. While students can still perform many of the same functions on both a mobile device and a computer, using a smartphone or tablet for banking in between classes to check account balance or pay rent may be more convenient than having to pull out a laptop at home. While desktop and mobile banking share similarities, in that both are online banking, the 24/7 accessibility of mobile banking appeals to the on-the-go lifestyle of college students.
Mobile Banking Features Include:
The Benefits of Mobile Banking Include:
College students who are learning skills to manage money will benefit from having access to their accounts at all times using their mobile devices. Using a mobile banking app allows students to be proactive and take ownership of their own financial success.
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1 “Expenditures on Children by Families, 2015,” Revised March 2017, Center for Nutrition Policy and Promotion, United States Department of Agriculture.
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