Understanding money management technologies

Taking control of your personal finances and cash balances has never been easier. Gone are the days when we had to transfer money between checking accounts by completing paperwork at a bank. Before banks moved to digital record keeping even paying cash into an account required forms and signatures.

Times have changed for the better; technology now provides fast, secure and easy ways to move money. Monitoring, moving and accessing money from and to multiple locations is the key to good money management. Modern technology is also helping people to budget better; we no longer need to keep every paper receipt to be able to manage our expenses.

Money management systems

There are many money management systems on the market today and each serves a specific purpose. Some solutions are designed to work on desktop computers, some operate on secure websites and there are now apps for smartphones.

The type of solution you choose really depends on your needs. If you are managing your household budget a web-based service will allow you to quickly update your records. If you are rarely near a computer you should invest in a good app for your smartphone.

As demand continues to grow we are seeing more all-in-one-services, such as Mint.com, which records your spending for you. It automatically categorizes your spending and creates visual representations of your spending patterns. If you start spending more in coffee shops or on alcohol the software will alert you; this acts as a prompt to reduce spending.

Quicken is a desktop solution that has been a popular choice since 1983. They have also acquired Mint, which widens their offering. Quicken provides people with access to loans and mortgages too. This is a premium service, but the main advantage is that it links into your bank and credit card accounts so that you do not have to manually input your income and outgoings.

Of course, you do not have to use dedicated software. A spreadsheet can be utilized to manage all your income and expenses from month to month. Software and apps just make it easier.

Managing money whilst travelling

An advancement of smartphone technology coupled with an almost universal availability of wireless Internet has led to a boom in mobile money management. These solutions are ideal for travelling businesspersons and people on vacation.

If you have ever encountered a money problem while on vacation, with no access to your bank, you will appreciate how useful the latest money management solutions are for travelers. New services provide a very easy and secure way to transfer money to anywhere in the world at a very competitive rate.

Until this new age of mobile technology the only ways to transfer money overseas was to either ask your bank to arrange a bank-to-bank transfer or to use a street money transfer company. Both options involve exchange rate fees and handling charges.

However, mobile technology has allowed for huge cost savings in the money transfer industry. This is one of Online Money Transfer; they provide fast and efficient ways to transfer money from any currency at rates much lower than banks charge.

Are we better with our money?

Money management is certainly easier than ever. Income and expenses can be automatically tracked and money can be transferred quickly and securely. This is certainly saving us time, but are we becoming better at managing our money?

260 Responses to Understanding money management technologies
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Understanding money management technologies

Taking control of your personal finances and cash balances has never been easier. Gone are the days when we had to transfer money between checking accounts by completing paperwork at a bank. Before banks moved to digital record keeping even paying cash into an account required forms and signatures.

Times have changed for the better; technology now provides fast, secure and easy ways to move money. Monitoring, moving and accessing money from and to multiple locations is the key to good money management. Modern technology is also helping people to budget better; we no longer need to keep every paper receipt to be able to manage our expenses.

Money management systems

There are many money management systems on the market today and each serves a specific purpose. Some solutions are designed to work on desktop computers, some operate on secure websites and there are now apps for smartphones.

The type of solution you choose really depends on your needs. If you are managing your household budget a web-based service will allow you to quickly update your records. If you are rarely near a computer you should invest in a good app for your smartphone.

As demand continues to grow we are seeing more all-in-one-services, such as Mint.com, which records your spending for you. It automatically categorizes your spending and creates visual representations of your spending patterns. If you start spending more in coffee shops or on alcohol the software will alert you; this acts as a prompt to reduce spending.

Quicken is a desktop solution that has been a popular choice since 1983. They have also acquired Mint, which widens their offering. Quicken provides people with access to loans and mortgages too. This is a premium service, but the main advantage is that it links into your bank and credit card accounts so that you do not have to manually input your income and outgoings.

Of course, you do not have to use dedicated software. A spreadsheet can be utilized to manage all your income and expenses from month to month. Software and apps just make it easier.

Managing money whilst travelling

An advancement of smartphone technology coupled with an almost universal availability of wireless Internet has led to a boom in mobile money management. These solutions are ideal for travelling businesspersons and people on vacation.

If you have ever encountered a money problem while on vacation, with no access to your bank, you will appreciate how useful the latest money management solutions are for travelers. New services provide a very easy and secure way to transfer money to anywhere in the world at a very competitive rate.

Until this new age of mobile technology the only ways to transfer money overseas was to either ask your bank to arrange a bank-to-bank transfer or to use a street money transfer company. Both options involve exchange rate fees and handling charges.

However, mobile technology has allowed for huge cost savings in the money transfer industry. This is one of Online Money Transfer; they provide fast and efficient ways to transfer money from any currency at rates much lower than banks charge.

Are we better with our money?

Money management is certainly easier than ever. Income and expenses can be automatically tracked and money can be transferred quickly and securely. This is certainly saving us time, but are we becoming better at managing our money?

260 Responses to Understanding money management technologies
  1. Health and Fitness
    April 20, 2018 | 11:40 pm

    I view something truly interesting about your web site so I saved to fav.

  2. Real Estate
    April 20, 2018 | 11:53 pm

    I have been exploring for a little bit for any high-quality articles or blog posts in this kind of house . Exploring in Yahoo I eventually stumbled upon this web site. Reading this info So i am glad to show that I have an incredibly excellent uncanny feeling I discovered just what I needed. I most undoubtedly will make sure to do not overlook this web site and give it a glance on a relentless basis.

  3. definition of Technology
    April 20, 2018 | 11:54 pm

    Thank you for the good writeup. It in fact was a amusement account it. Look advanced to far added agreeable from you! By the way, how could we communicate?

  4. business
    April 20, 2018 | 11:55 pm

    Thank you for every one of your effort on this web site. Gloria take interest in managing research and it’s really obvious why. Almost all learn all relating to the dynamic form you present informative tips and hints through the web blog and in addition foster response from other ones on that article so our own daughter has been starting to learn a lot. Take advantage of the remaining portion of the new year. You’re the one performing a really great job.

  5. business article
    April 20, 2018 | 11:58 pm

    I am really impressed with your writing skills as well as with the layout on your weblog. Is this a paid theme or did you modify it yourself? Anyway keep up the nice quality writing, it’s rare to see a nice blog like this one these days..

  6. Automotive
    April 20, 2018 | 11:58 pm

    naturally like your website but you have to take a look at the spelling on several of your posts. Several of them are rife with spelling problems and I find it very bothersome to tell the reality nevertheless I will definitely come again again.

  7. business information
    April 21, 2018 | 12:02 am

    Whats Happening i am new to this, I stumbled upon this I have discovered It positively useful and it has aided me out loads. I’m hoping to give a contribution & assist different users like its helped me. Great job.

  8. sneakers
    April 21, 2018 | 12:04 am

    Excellent goods from you, man. I’ve understand your stuff previous to and you’re just too wonderful. I really like what you have acquired here, certainly like what you’re saying and the way in which you say it. You make it enjoyable and you still take care of to keep it wise. I can’t wait to read much more from you. This is really a wonderful website.

  9. Daftar Poker
    April 21, 2018 | 12:21 am

    Hiya, I am really glad I have found this information. Today bloggers publish only about gossip and net stuff and this is actually annoying. A good web site with interesting content, that is what I need. Thank you for making this web-site, and I’ll be visiting again. Do you do newsletters by email?

  10. Daftar PokerPelangi
    April 21, 2018 | 1:03 am

    Awesome write-up. I am a regular visitor of your web site and appreciate you taking the time to maintain the nice site. I will be a frequent visitor for a long time.

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