Humber’s Smart Wallet is a proposed financial wellness phone application that would be designed specifically for Humber students. The Smart Wallet application would be free to download and would allow Humber students to budget their finances on their smart phones or tablets easily with the push of a button.
Smart Wallet is an easy to use application that creates a unique budgeting plan for students based on their current and future financial goals. This application would connect directly to a students bank account allowing for real time access to current finances and transactions. Smart Wallet will analyze a student’s spending habits and create simple charts to show students where their money could be best spent or saved.
The Smart Wallet budgeting app would provide remarkable benefits for Humber students. When students are aware of their financial situation they gain the feeling of being in control of their finances (Four Benefits of Practicing Financial Wellness, 2015). Students will also be prepared for any unexpected expenses that could potentially arise (Four Benefits of Practicing Financial Wellness, 2015). Smart Wallet would also benefits Humber students by helping students save and meet present and future financial goals (Four Benefits of Practicing Financial Wellness, 2015).
Humber’s Sustainability Plan promotes student success by providing students with the services that can help them be successful academically, personally and professionally (“Social Equity and Well-being | Office of Sustainability,” n.d.). Smart Wallet would fit seamlessly fits in with Humber’s Sustainability Plan by equipping students with the financial tools and knowledge to help build a strong sense of financial well-being not only while in college but also by helping to prepare students for their future.
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Four Benefits of Practicing Financial Wellness | Resources To Recover. (n.d.). Retrieved from http://www.rtor.org/2015/08/04/financial-wellness/
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Social Equity and Well-being | Office of Sustainability. (n.d.). Retrieved from http://www.humber.ca/sustainability/sustainability-humber/social-equity-and-well-being