Banks continue to ignore millennial minorities. 

What about the “unbanked” (those who do not have proximal access to banks and other financial services) or those with little financial assets to begin with? What if you face disparity in income, your opportunities for upward mobility are limited, or transfer of wealth like inheritance and 401Ks doesn’t include you? In today’s fickle American economy, making the right financial decisions can be daunting. Even worse, for some Millennial minorities how your family handled money while you were growing up can make or break your chances of financial stability as an adult.

• According to a 2010 Yankelovich MONITOR Multicultural Study, the majority of Hispanics — 77% — agree with the statement, “I wish more financial institutions would offer products and services with Hispanics in mind”

• Hispanics earn $16,353 a year less on average than their colleagues who are not Hispanic, while Blacks make $3,656 less than whites, according to a report from the American Institute for Economic Research

• If you are a Latina woman it’s even tougher: the national average is 56 cents to every dollar paid to a white man

• According to an iQuantifi survey this April, only 29 percent of young workers have looked to professionals for advice, suggesting that while Millennials have goals, they lack a comprehensive financial plan

Despite all these cultural issues, four female entrepreneurs are taking matters into their own hands.

So what can millennial minorities do to improve their financial game plan? All four women agree: ask questions, get educated on digital banking versus traditional banking, and seek support.

Change Your Money Habits With These Tools

• Simple is a digital-only bank with no fees, no minimums and no automated customer service. It's transparent, customizable and human-first in design and function.

• Level Money is a smartphone app for budgeting and tracking with an estimate of spending money for the day, week and month.

• Even is a new app designed to help people with irregular income work out an average monthly income, save, and/or cover expenses when there’s a surplus.

• Kiddie Coins Kids is a book series and soon-to-be mobile app educating children on the basics of money management skills.

• PocketSmith is an all-in-one suite that provides vital information (like cash flow) along with long-term savings projections.

• Digit is a fun and simple way to save automatically based on your existing income.

• Robinhood helps you learn how to trade in a low-cost, low-risk way.

Has your family history impacted the way you manage your money?