How much money is in your bank account? Only about 17% of young adults, 18-34, check their bank account balances daily. Three times as many young people check their social accounts as check their bank accounts, according to a new survey. The American Institute of CPAs sponsored the survey for National Financial Literacy Month.
How often do you check your bank accounts? Here are four tips from the National CPA Financial Literacy Commission:
- “Financial Fridays” Check your bank accounts on Friday so you know how much money you can spend going into the weekend. Use the web, apps or an ATM to get the information.
- Check your financial status when you check in online
- Set up text alerts from banks & credit card companies to alert you about low balances
- Set up recurring reminders to make long-term financial planning payments or review retirement accounts
Learn more about the findings and these financial literacy suggestions from the American Institute of CPAs.