Manage Your Money Better With Digital Technology
Want to manage your money more effectively? The digital age has introduced a variety of new ways to control your saving and spending. Here are just a few ways to manage your money better with the help of technology.
Online banking
If you haven’t embraced online banking yet, you could be sorely missing out on the convenience that is offers. All banks now offer online services, allowing customers to make payments and check their balance without having to visit a branch or an ATM. In fact, most banks have online banking apps that make it possible to do all of this on the go from any location. There are even some banks nowadays that operate exclusively online offering the ability to set up accounts and even deposit cheques via the web. To sign up to online banking, simply speak to your bank.
Budgeting apps
When it comes to controlling your personal spending, there are now a number of budgeting apps on the market. Some of these apps build a weekly budget for you, helping you to control how you spend your disposable income. Others can help you to compare everything from energy bills to insurance to help you cut your expenses. Some of these apps are even linked to your bank account, offering real time budgeting advice to stop you frittering away money you don’t have. It’s worth looking into reviews of these apps online to help find the best one for your circumstances.
Robo-advisors
If you’re into investing, it could be worth downloading a robo-advisor. These are programmes that recommend the best investment worth making with your funds, whilst weighing up other factors such as the risk and the predicted length of time needed to make a return. It’s even possible to use automated trading software that executes these investments for you, so that you’re able to invest at the best time in order to make a return. Many of these programmes do come with fees which you should look into first. Even with these fees, such programmes tend to offer better results than going with a broker and they offer more transparency for you by ensuring that every investment is based purely on hard data.
Accounting software
For those that own a business, accounting software can be a great help for allowing you to easily calculate the amount of tax that you owe. Such programmes may even replace the need to hire an accountant in the case of small businesses and they may even be able to offer advice when it comes to expenses that you could be taking advantage of. There are lots of different accounting programmes on the web, some of which also combine financial processes such as filing invoices and paying staff. Many of these programmes require a small fee to download, although there are some free basic accounting programmes out there.