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How Technology Is Affecting The Financial World

Written by Trent Brownrigg  · July 30, 2012

Technology has been constantly improving and changing over the last few years, and it is slowly taking over both our personal and professional life. These aren’t the only areas that are being affected by technology, however. The financial world and retirement planning are literally evolving and changing every day due to new technology, and this technology is making life easier for people all over the world.

Financial Apps for Smartphones – Although many people depend on their smartphone to keep in touch with friends, family and professional contacts and to e-mail their friends or check their social networking pages, there are actually ways that your smartphone can make keeping track of your finances even easier.

There are plenty of financial apps out there for a variety of smartphones, from iPods to Androids and much more. These apps allow you to keep track of your finances at the quick touch of a button, and you can make updates any time during the day. You can also synchronize your smartphone to your desktop or laptop PC in order to share data across the two platforms and to keep your data backed up, just in case. Financial apps allow you to make a budget, keep track of your spending and your bills, and it can even help you with your income taxes. You can even get help with retirement planning through financial apps.

Investor Software – Whether you are highly experienced when it comes to the stock market or if you are just starting out, you can probably use a bit of advice every now and then. Investor software installed on your PC can really help you out. It can give you tips and tricks on what moves to make and more.

Virtual Wallets – Keeping up with your checking account, savings account, investments, bills and more can be a major hassle, and it can result in a lot of paperwork. Luckily, however, technology has once again stepped in to make your financial situation even easier. Instead of balancing multiple checkbooks and statements, you can use a virtual wallet to make things easier. A virtual wallet allows you to create a budget, pay bills online, keep track of paydays and days that bills are due and can even help you to make smarter decisions when it comes to saving.

If you have not tried financial software, apps or websites yet, it is time to give it a chance. Not only will you be able to save yourself a lot of paperwork and headaches, but you might be able to learn a thing or two as well.

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3 Responses to “How Technology Is Affecting The Financial World”

  1. Mili Ponce on July 31st, 2012 2:30 am

    Great post. It’s great that you can check your finances, stock market and bank account online nowadays with your phone, on the go. It’s amazing to see that people are making apps and programs specifically for these purposes, as well. I love living in this digital age where I have all the important information that I need to know, when I want to know it.

  2. David Oxford on August 9th, 2012 7:13 am

    Making payments using a mobile phone is already massive in certain parts of the world where people don’t always have a bank account but don’t want to carry cash. For certain demographics I think making small instant payments using a mobile phone is going to be huge in the future.

  3. ceejay on August 19th, 2012 1:02 pm

    This is very true, technology is really really going places, with my phone i can do almost anything like checking my investments,