A recent survey by Mobile Bank N26 has found that just under one third of Irish students are worried about their financial situation.
Despite living at home last year as a result of the pandemic, 25 percent of students paid rent. Close to 1 in 5 do not know now if they will make ends meet.
Over half of Irish students describe their attitude towards money management and savings as ‘cautious’ - as 36 percent say they keep a close eye on their finances and know their monthly budget.
25 percent use their savings to pay for utility bills while at university, with 1 in 10 using N26 to split these bills with their housemates.
To help, N26 said it has worked to introduce new product features that use technology to help customers of all ages save effectively and effortlessly.
Gilles BianRosa, Chief Product Officer at N26 says:
“Digital banks like N26 have the power to provide innovative tools for customers to feel confident and in control of their finances through the intelligent use of technology."
"By making the process of saving money as simple and effortless as possible, we can help consumers build up financial confidence and alleviate the stress commonly associated with managing finances.”
