Managing finances can be one of the most challenging and stressful areas of anyone’s life, given how crucial it is in ensuring their stability and prosperity. Luckily, advances in technology over the last decade or so have made managing finances a much simpler task, and there are now plenty of useful tools which everyone can access to help them along the way.
From websites to helpful apps, it is well worth delving into the world of financial technology to see how you could take control of your finances for good. Here are some of the tools which you may want to consider utilising.
The emergence of online baking has brought with a wealth of benefits which have seen queues at banks all but eliminated, and more people managing their money online. It is even possible to open a bank account online, which can be handy for those who are hard pressed for time.
Through accessing your bank’s online baking platform, you should be able to view your account balance at a glance, see previous transactions, make payments, and contact your bank, all from the comfort of your home. Many banks have also introduced their own banking apps to further increase accessibility.
There are now also many tools online which can help with budgeting, which is one of the most important parts of managing finances. There are, for instance, countless websites which can offer sound advice on creating and implementing an effective budget, which will help you save money in the long run.
There are also many budgeting apps, like Mint, which also help you create a budget which can be managed from your phone or tablet. Mint, for instance, links all your credit/debit cards to the app itself, and then tracks all outgoing payments to help you see where your money is going, and how much is being spent.
The world of financial apps is now rich and bountiful, and many can help you with the day to day management of your finances. For those who are interested in investing, the Robinhood app is unbeatable, as it offers completely fee free trading as well as providing notifications of news alerts and market updates.
Similarly, the Coinbase app allows you to trade various cryptocurrencies with ease, and it has a simple interface for quick, effective navigation of the app. It is well worth keeping an eye on new apps coming out too, as there are likely to be many more in development which can help you to easily manage your finances and save you both time and money in the process.
The art of managing your finances is much easier and simpler than it used to be, so be sure to investigate some of the tools which are currently available to everyone (many of them for free). Once you have integrated the various websites and apps into your life, you should find that you finances are far more transparent and controllable.