MOUNTAIN VIEW, Calif. (3/25/13)--Consumers are increasingly using their smartphones and tablets to get answers about their money questions, according to a survey by Quicken.
Of the smartphone users surveyed:
Two out of three say that being able to check their finances on-the-go gives them peace of mind.
15% say that they prefer to check their financial accounts on a smartphone or tablet.
More than half check their financial account balances on their smartphone monthly.
One in three people admits to losing sleep over money woes.
"Smartphones are part of everyday life; they're transforming the way people approach their finances," said Barry Saik, Quicken vice president and general manager. "Mobile allows people to make quick and informed financial decisions anytime and anywhere, ultimately impacting their bottom line. We've seen strong adoption of our mobile apps and the study results confirm that people are turning to their phones to manage their money."
Smartphones go beyond tracking spending, checking accounts and monitoring budgets. Consumers increasingly use them to compare prices, with 23% of smartphone users surveyed indicating they wouldn't make a major purchase if they couldn't check their finances from their phone.