Next week, you bring your earnings home to put into a cookie tin you keep in your room. Your roommate observes and reminds you there was an announcement about thefts in the dormitories. She suggests you instead save on your mobile money account?
What should you do?
You always carry your phone and agents are everywhere. Saving at home means money is less accessible and easier to save, "out of sight, out of mind."
You deposit your savings with an agent. It's more secure, but its right there in your mobile wallet! Easy access will tempt spending as you try to save for school.
Related findings factor Risk Perceptions
