How Have Mobile Phones Changed the Way We Manage Finance?


Technology has reshaped the way we think, learn, communicate, and manage our finances. In this digital age, we are connected by the simple click of our mobile phones, no matter where or which corner of the globe.

Every year mobile companies across the world are coming up with faster, more advanced models that can precisely be dubbed as PC-in-hand. As most of the banks have gone online, customers now have access to their respective accounts remotely.

So, gone are the days when you had to stand in a queue at the bank. With more and more online banking facilities, cashless money apps and digital payment options, finance handling has evolved dramatically since the beginning of the 21st century.

Some of the applications that allow you to handle money in a hassle-free and cashless manner are through their smart pay options are :

  • Google Pay
  • Apple Pay
  • PayPal
  • Xoom
  • Circle Pay
  • Venmo

Whether you are out for dinner, buying your big tub of popcorn for the movies, or simply taking an Uber from work, carrying a bunch of dollar bills is no longer required. Just keep one of the applications you find handy, and you are ready to roll.

However, when it comes to digitalization, it is not only about the seamless online transactions. Through it, you can carry out from your phones but also how you manage your finances holistically.

You can find online assistance to cope better with your expenditures, savings and investments. If you are looking for a business venture, many of the mobile applications let you assess market risks by consolidating available data. Sounds cool, right?

Start right away with micromanagement of your finance using some of the trendiest apps in the market. For instance –

  • Personal Capital
  • YNAB
  • Acorns
  • PocketGuard
  • Dollarbird

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Shareholders and people in real estate can also benefit a lot from micro-handling agendas. Also, the fact that we are always using our phones, notifications, or alerts regarding transactions reduces the chances of frauds and risks associated with financial dealings.

Moreover, with options to view your budgets, pending bills, overdue, taxes, and monthly savings, you have a structured and clear overview of your financial standings. Whether personal or company finance, mobile-based technologies let you handle money with unbelievable ease. 

So be a part of this revolution and start increasing your net worth today!

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