As time passes, we see the days of carrying and paying with cash go by the wayside. Instead, we’re gaining more ways to pay online and complete most of our budgeting and banking on a computer or smartphone. Luckily, tech has kept up with the times, and there are many different apps, programs, and websites you can use to manage your money, buy goods and services, and help with your investment strategies.
There’s a lot out there, so here are some tips for learning and catering to your money personality by finding the best tech for your needs.
While many of the available financial management apps will have their benefits, it may be wise to learn about the tech that will help you specifically. The best way to do that is to discover your money personality. In addition to learning about yourself, you’ll also find that there are tools that can help with your particular habits.
For example, one money personality is “the spender,” who likes to buy the finer things but struggles with saving money. If that’s you, investing in a budgeting app is wise. There are countless options online, and you can use them to plug in your income and your necessary expenses to ensure you have enough to splurge on what you want without going into debt.
Perhaps you don’t consider yourself a big spender, but you always seem to be short on cash when it comes time to pay the bills. In that case, there are countless apps that can help you spend wisely, including Clarity Money. The app uses the power of AI to assist with your finances and eliminate wasteful spending on unnecessary subscriptions. It also helps you find ways to save by finding better credit cards or other opportunities, like bundling services.
Another money personality is the minimalist, who avoids spending a lot on luxury and prefers to be frugal with their money. If this is you, first, know that it’s okay to spend money on the right things, including your future and career. Secondly, if you’re going to save money, use apps like Oportun, which analyzes what goes in and out of your checking account and periodically moves money to your savings according to preset algorithms. Then, go online and find a high-interest savings account so you earn more than a traditional bank account.
It’s also a good idea to invest in tech that helps you manage your money and purchases so you can stay on top of your finances and have the necessary funds when life happens and you need the cash. In addition to creating a budget, you can use apps to set reminders to pay a bill or move money into a specific account so you don’t forget or fall behind. If you believe an alarm isn’t enough, log in and automate your payments.
Another way to manage your money is to use less of it, especially when you go shopping. There are apps like Capital One Shopping, which tell you when you could be getting a better deal online. The Honey app does that as well and connects to thousands of retailers’ websites. Similar apps, like Ibotta, find better deals but also get you instant cash back, which you can save accordingly.
When you pay bills, take out new credit cards, make big purchases, or complete any other transactions that include digital or physical records, it’s good to have a system to keep everything safe and organized. Whenever possible, try to get digital receipts that you can store in a document management system on your computer where you can sort items by date, purchase, and other categories.
Make sure to backup your data regularly so it isn’t lost to a computer crash. Another idea is to upload all of your important records to the cloud. If you no longer need any of your physical paperwork, shred it so it can’t be used maliciously. If you are looking for an additional backup option, consider investing in a hard drive to have more copies of your records on hand.
Once you’ve budgeted and managed your money, you’ll be able to see the funds you have available for investing and contributing to your future financial well-being. There are apps and tech that can help during your entire investment journey.
Start by using financial planning software to allocate funds and develop your strategies. When in doubt, use the apps that financial advisors use, like eMoney, which allows you to input your information and get planning options and investment ideas. There’s also RightCapital, which provides strategies that align with your preferred risk tolerance.
You can also use artificial intelligence as part of your investing strategy. For instance, you can use stock screening software to sort through the investment options to find stocks that meet your criteria. There are also robo-advisors, like Betterment, that create a portfolio that meets your needs and adjusts when necessary so you keep making money. If you want to learn how to use this tech, speak to an adviser or reach out to the company that supplies the app so you can get your questions answered.
There are so many ways to manage your money and investments that there’s almost no excuse not to have your financial house in order. Use the tips and the valuable apps and tech mentioned here, and you’ll be ready for the future.
The post Leveraging Tech for Financial Management and Investments appeared first on The Solid Signal Blog.
Continue reading...
There’s a lot out there, so here are some tips for learning and catering to your money personality by finding the best tech for your needs.
Use Tech That Applies To Your Personality
While many of the available financial management apps will have their benefits, it may be wise to learn about the tech that will help you specifically. The best way to do that is to discover your money personality. In addition to learning about yourself, you’ll also find that there are tools that can help with your particular habits.
For example, one money personality is “the spender,” who likes to buy the finer things but struggles with saving money. If that’s you, investing in a budgeting app is wise. There are countless options online, and you can use them to plug in your income and your necessary expenses to ensure you have enough to splurge on what you want without going into debt.
Perhaps you don’t consider yourself a big spender, but you always seem to be short on cash when it comes time to pay the bills. In that case, there are countless apps that can help you spend wisely, including Clarity Money. The app uses the power of AI to assist with your finances and eliminate wasteful spending on unnecessary subscriptions. It also helps you find ways to save by finding better credit cards or other opportunities, like bundling services.
Another money personality is the minimalist, who avoids spending a lot on luxury and prefers to be frugal with their money. If this is you, first, know that it’s okay to spend money on the right things, including your future and career. Secondly, if you’re going to save money, use apps like Oportun, which analyzes what goes in and out of your checking account and periodically moves money to your savings according to preset algorithms. Then, go online and find a high-interest savings account so you earn more than a traditional bank account.
Tech For Managing Money
It’s also a good idea to invest in tech that helps you manage your money and purchases so you can stay on top of your finances and have the necessary funds when life happens and you need the cash. In addition to creating a budget, you can use apps to set reminders to pay a bill or move money into a specific account so you don’t forget or fall behind. If you believe an alarm isn’t enough, log in and automate your payments.
Another way to manage your money is to use less of it, especially when you go shopping. There are apps like Capital One Shopping, which tell you when you could be getting a better deal online. The Honey app does that as well and connects to thousands of retailers’ websites. Similar apps, like Ibotta, find better deals but also get you instant cash back, which you can save accordingly.
When you pay bills, take out new credit cards, make big purchases, or complete any other transactions that include digital or physical records, it’s good to have a system to keep everything safe and organized. Whenever possible, try to get digital receipts that you can store in a document management system on your computer where you can sort items by date, purchase, and other categories.
Make sure to backup your data regularly so it isn’t lost to a computer crash. Another idea is to upload all of your important records to the cloud. If you no longer need any of your physical paperwork, shred it so it can’t be used maliciously. If you are looking for an additional backup option, consider investing in a hard drive to have more copies of your records on hand.
Tech And Investing
Once you’ve budgeted and managed your money, you’ll be able to see the funds you have available for investing and contributing to your future financial well-being. There are apps and tech that can help during your entire investment journey.
Start by using financial planning software to allocate funds and develop your strategies. When in doubt, use the apps that financial advisors use, like eMoney, which allows you to input your information and get planning options and investment ideas. There’s also RightCapital, which provides strategies that align with your preferred risk tolerance.
You can also use artificial intelligence as part of your investing strategy. For instance, you can use stock screening software to sort through the investment options to find stocks that meet your criteria. There are also robo-advisors, like Betterment, that create a portfolio that meets your needs and adjusts when necessary so you keep making money. If you want to learn how to use this tech, speak to an adviser or reach out to the company that supplies the app so you can get your questions answered.
Conclusion
There are so many ways to manage your money and investments that there’s almost no excuse not to have your financial house in order. Use the tips and the valuable apps and tech mentioned here, and you’ll be ready for the future.
The post Leveraging Tech for Financial Management and Investments appeared first on The Solid Signal Blog.
Continue reading...
