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New Report finds consumers are better budgeters
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New Report finds consumers are better budgeters
A recent USAA Bank survey indicates that the last few years have caused many consumers to give their personal finance practices more attention. Nearly 49% are saying that keeping a budget has become a bigger priority than it was before. When asked about their budgeting personality, 75% of the respondents described themselves as a "penny pincher" or a "big picture budgeter". And nearly nine out of 10 or 86% said they always or often stick to specific targets within their budget for everyday expenses. The survey also uncovered that even the best budgeters benefit from having their financial information at their fingertips. Respondents indicated they’re more likely to make better budget decisions if they had access to real-time updates on their mobile phones. For instance, nearly 70% said they would decide against purchasing a $40 pair of jeans if they saw on their mobile phone that they had only $20 left in their monthly clothing budget, while close to 25% non-budgeters said that having updates on their mobile phone would increase their likelihood to develop a budget.
Video Length: 0
Date Found: May 31, 2011
Date Produced: May 31, 2011
View Count: 0
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