Millennials and Gen Z are the most likely to use mobile banking apps—here’s why, plus budgeting tips

While a mobile banking app is a great asset, it’s not necessarily a one-stop shop to managing your finances because it may be limited to the accounts you have at one bank. If you have multiple accounts from different banks and want a holistic way to manage your money, consider creating a budget spreadsheet or signing up for a budgeting app like Mint[3] or You Need a Budget[4].

In order to create your own budget method with similar functionality to an app, following these five steps:

  1. Calculate your net income
  2. List monthly expenses
  3. Label fixed and variable expenses
  4. Determine average monthly costs for each expense
  5. Make adjustments

Learn more with our step-by-step guide on how to create a budget[5].

*The study surveyed Chase customers and non-Chase customers separately, but the data is very similar. For the purpose of this article, we averaged both responses to get a holistic view of all customer digital banking attitudes.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.


  1. ^ Chase Sapphire℠ Checking (
  2. ^ Chase Freedom Flex℠ (
  3. ^ Mint (
  4. ^ You Need a Budget (
  5. ^ step-by-step guide on how to create a budget (

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