Managing finances isn’t something most people look forward to. It seems the more time you spend paying attention to your financial accounts, the easier it is to get anxious about the future. Not to mention, managing your finances can be hard!
At least it used to be.
If you’re still dealing with paper statements and struggling to get checks sent in the mail in a timely manner, it’s time to catch up with the technological revolution. Here are four ways technology can make it much easier for you to manage your money.
It’s Easier to Send and Get Money
When you wanted to pay someone in the past, it meant withdrawing cash from the bank or writing them a check. It’s surprising how many people still think these are the best ways to pay and receive money!
Although they definitely still have a place in your life, there are much easier ways to send and receive money. Apps like Remitly allow you to send money internationally in an instant while websites like PayPal allow you to invoice clients for work directly. You’ll save tons of time driving to the bank and mailing checks!
You Can Save Without Even Thinking About It
Paying the bills is something you have to do, but saving is something you know you should do. Because it technically isn’t a must, it’s easy to stop building up your savings account and use the money for something else instead.
Modern technology has made it easier than ever to save, and you don’t even have to think about it! Most bank accounts allow you to create an automatic savings plan, which means a certain amount of money is deposited into your savings account every month automatically.
Managing Your Accounts Can Be Done Online
Life is a lot easier when you have just one financial account to think about. Unfortunately, most of us have many accounts to juggle, and doing so can be very frustrating.
Today, it’s a lot less frustrating because you don’t have to wait for your bank statement to come in the mail. You can do it all online!
It’s not just your bank accounts that you can manage online either. You can manage retirement accounts, student loans, home loans, and much more from the comfort of your own home!
There’s More Competition Than Ever for Your Business
One of the biggest reasons why managing our money is getting easier and easier is because there’s more competition than there ever has been before for your business. That means the top apps in every category have a lot to offer users.
A few examples include:
- Quicken is a great way to manage personal finances
- Credit Karma allows you to check your credit in an instant
- Lending Tree enables banks to compete for your business when you need a loan
Don’t get upset the next time you have to pay attention to your finances! With technological innovations like these, managing your finances is easy, fast, and fun!