The App That Lets University Students Bum Money Off One Another
Lets face it, when you are attending a university, you are going to be poor. It is a simple fact of life for the vast majority of those who are receiving their education right now. Try as they might, having free flowing cash is not a common experience for university students. This is why they often barter with one another or even take out IOUs to help each other out. With all of this informal trading of usually small amounts of money going on, how is one supposed to keep track of it? That is where Venmo steps in.
Venmo is an app that allows anyone to send money back and forth to anyone else who has a Venmo account. It is a clever way to keep tabs on the IOUs and see if you owe someone money or if indeed there are people who owe you money. That is a lot easier than trying to keep it all in your head.
Buzzfeed.com describes the app like this,
Link your bank account to this app, so you and your friends can pay one another back without having to deal with the hassle of cash.
It is short and to the point, but you get the picture. Venmo allows you to get your money when you need it without having to hand cash back and forth. It makes it more personalized, and it means you can track these debts more carefully.
Perhaps the best part about this app for the university student is that it is free to download. Venmo is trying to get noticed and have people use its service, so there is no charge to get this app on your phone right now.