The women from the Financial Diet recommend using direct deposit, mobile banking, and financial apps primarily because these tools offer convenience, efficiency, and better control over finances. Direct deposit helps save time and money by automatically depositing paychecks into a bank account, avoiding the need to handle physical cash or visit the bank. Mobile banking and financial apps enable users to manage their money on-the-go, track spending, pay bills, and set savings goals easily from their phones. Together, these tools promote financial organization, security, and accessibility, which can lead to smarter money management and less financial stress.
Additionally, mobile banking and financial apps often include features like automatic savings transfers, transaction tracking, and early access to funds, which further empower users to take control of their finances in a secure and user-friendly manner. This aligns with broader findings that digital financial services help people, especially women, build savings, gain privacy, and have more control over their money, which can positively impact financial independence and confidence.