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.

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