Banking and finance has been revolutionised by modern technology and the internet. It has made making payments, transferring money and paying bills as easy as a few clicks of the mouse or taps on the screen. However, there are even more benefits available to tech-savvy consumers. But you don't need to be a computer genius to be able to use the latest finance technology to help you reach your savings goals and save hundreds of dollars. Here are some ways simple ways and tools you can use to take advantage of everything finance technology has to offer.
Credit card comparison website Wallaby will help you figure out which credit card you need to use in order to make the most of their rewards programs. You can find lost rewards and save hundreds a year. Investing money can be a tricky process and there are always inherent risks involved. Deciding on where to put your money can be hard and, unless you are a finance professional or stock broker, it is difficult to figure out what is going to work and what is going to fail. There is a website that could make that decision easier by helping you invest in things you like. LikeFolio will evaluate your social media likes and statuses and recommended publicly traded companies that align with your interests. It also shows the 1-year stock chart of each company. Keep on track of your superannuation’s progress. There are a number of ways you can effectively manage your super fund online, log onto your super provider's website and review your account. Use their free tools to project your account's current outcomes, and adjust your contributions accordingly. Investopedia is a great website that will help explain any tricky finance terms you might not be familiar with. It also has great guides on personal finance and money management. If you want some advice or new ideas on how to save money, Wise Bread is a forum that assists people in learning how to save money, based on tips from a wide range of writers. Nerdwallet is also a good website that will help you source the best financial products and deals.
You can download a range of savings apps to use on your smart phone and tablet. For example there are apps available online, on the iTunes app store and on Android that automatically move a percentage of every purchase to a savings account. So you can save whilst you spend. There are also apps that will help you reach your savings goals. For example, every time you decide to forgo that latte you can record this and the money you would have spent unnecessarily is instead moved to your savings account. Other finance apps will keep you up to speed on all the important finance news, stock market fluctuations and give you information you on how this could affect your personal financial situation. Take a look at Pocketbook, Yahoo!7 Finance, Wally – Smart Personal Finance and CNN Money.