Filene graphic Source: Filene Research Institute

The more people know about finances, the better the financial habits they form. Or so the heuristic goes. Personal financial management fintech firms promise quick and easy ways for busy people to manage their money while also claiming to build good financial habits. But how effective are these apps at delivering results?

For a soon-to-be-released research study, Filene gained insights from a group of young adults (ages 18 to 34), who for one month used one of three budget and saving apps: Mint, Wally or You Need a Budget. The study’s aim was to better understand design elements of user experience that work well (or not), the solutions’ flexibility in adapting to people’s existing financial practices and their effectiveness at improving financial behaviors.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.