4 Common Budgeting Mistakes
- No specific motivation
- Unrealistic spending estimates
- Overlooked expenses
- Too many restrictions
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.
Online and mobile banking have a lot in common, but there are some distinct differences.Read Article
Personal finance expert Jim Wang offers tips and best practices on how to use your emergency fund.Read Article
Whether you’ve lost your job or are a recent graduate entering the workforce, these tips from career experts can help you pursue career opportunities during a recession.Read Article
1 “Expenditures on Children by Families, 2015,” Revised March 2017, Center for Nutrition Policy and Promotion, United States Department of Agriculture.
When you’re setting up a home office for remote work, keep these key principles from ergonomic experts in mind. Your body—and your productivity—will thank you.Read Article
Take these steps to protect your retirement savings from a crash without sacrificing your family’s needs today.Read Article