Finances are complex. The average American has a monthly mortgage payment of $1,061; an average utility bill of $163, a student loan payment of $290, a car payment of $428, and a credit card debt of over $4,500. With these numbers, it’s easy to see why Americans need to utilize budgeting tools. And in this digital age, it’s easier than ever. Unfortunately, 55.8% of Americans do not use a website to manage their money, and 72.8% don’t use a smartphone tablet app to manage their money either. The younger generations, however, have caught on. Financial management app usage is three times higher for younger adults than older generations.
Infographic Source:- www.master-of-finance.org