Saving, investing and making money with technology

Using The Internet For Money Management

The internet has made it easier to keep track of many things. Social media allows you to constantly keep track of your family and friends. Your smartphone allows you to keep track of your social media, your banking, and even the things you have being shipped to you from online purchases you’ve made.

Many people rely a great deal on their connection to the internet. So much so for some that they work from home in a virtual job where they never see the people they work with or for in person, ever. And that’s OK with them. It’s also pretty OK that the internet has also made it easier to make, spend, and simply keep track of your money.

Look For Loans

The internet makes it easier to find a loan for anything you need. You don’t have to drive from mortgage company to mortgage company or bank to bank. You can get online and get prequalified in no time. You don’t have to drive to the institution until they request paperwork, and then you can always scan it in and email it to them.

When there are issues with the economy it can sometimes be a bit harder to get a loan. It’s not impossible, but you may want to make sure your credit is in good standing before you even try to apply. That might mean getting some help dealing with any debt issues that may be looming over your credit score.

Apply/Pay For Credit Cards

You no longer need to fill out little fold up cards that you send in the mail to get approved for a credit card, with the risk that someone will open it on the way and steal your social security number and then your identity. While the internet isn’t full of its own risks in identity and information theft, you’ll normally apply for credit cards through a secure server.

You can also find it more convenient to pay off your credit cards online or on your phone. No need for checks anymore when everything can easily be done electronically, and you can eve set up automatic bill payments and take all of the work out of your hands.

Do Online Banking

Last, but not least, the internet and your smartphone revolutionized banking. With mobile banking, you no longer ever need to set foot in your bank. In fact, even if someone pays you by check you can deposit it using your phone.

With mobile banking, you can check your bank and credit union accounts from anywhere, 24/7. With online banking, in general, you can find out how much money is available, check to see what payments have cleared, and even watch your account for fraudulent actions, all from your couch or desk.

Anna Johansson

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