Hopping on Facebook or checking out a person’s Twitter account may be one way younger people spend their time online.
And while some may view doing so as a waste of time, there are ways that these social networking sites may be able to help with personal finance decisions and planning a home budget. In a recent report for the Huffington Post, LearnVest founder Alexa von Tobel wrote that younger consumers can benefit from offers made exclusively through these communication tools.
“There are tons of discounts and deals to be found on the web,” von Tobel wrote.
Online resources for helping with home budget aren’t limited to social networking. Younger people can keep better tabs on their finances by setting up an account with their bank’s website.
Along with keeping up-to-date on their personal finance situation, having such an account can help keep on top of bills. Setting up automatic bill pay will ensure people don’t miss a due date on a credit card or auto payment.
However, using banking resources online can come with problems, especially if people aren’t careful. When exchanging information, younger consumers should make sure the deal only with reputable financial institutions to avoid fraud or identity theft.