It is not news that in this hyper-connected age we can do almost anything thanks to the technology. And in recent years, this has advanced by leaps and bounds. From the widespread popularization of social networks to newer topics such as artificial intelligence or the use of smart devices in homes, there is no doubt that technology is here to stay and help with issues such as finance.
And although the aforementioned examples may be somewhat more complex, we can also say that technology has come to help us solve simpler tasks. Such is the use of smartphones to receive and send messages, to be able to take photos and edit them instantly, to schedule reminders, among other things. However, there is also an issue that is part of the backbone of our lives and that technology has also helped us complement, we are talking about the Personal Finance.
5 tips to put your personal finances in order with technology
That’s right, the financial issue has also benefited from all these technological inventions, and here we mention 5 tips to put your personal finances in order with the use of technology.
1. Use of applications to prepare a Monthly Budget
Many people prefer to use pencil and paper to keep track of their expenses and bills, however, today there are applications that can help us keep track of this automatically. An example of an app for this can be Monthly Budget. On this platform you can keep track of your income, expenses (daily) and you can even set alarms for when you have exceeded your budget for the month. In addition, you will be able to set financial goals. Of course, if you want to continue keeping everything on paper, you can do so, and later you can transfer everything to the application.
2. Use Google Drive
It is valid that you do not feel completely comfortable using an app to make your budget, if it is not for you, You can also make use of tools like Google Drive to have your controls in the cloud. You can make a budget in which you write down your planned expenses for the month and each time you have an expense or income you write it down (we suggest that you do it in Google Sheets). The advantage of this tool is that you can make the format that best suits you. Another advantage of using the cloud is that you can upload, for example, your purchase receipts, invoices that you have requested, etc. If you want an example for a Monthly Budget, we share this option with you.
3. Internet to optimize expenses
Leaving aside the issue of organization of expenses, one of the best things that the Internet offers us is that we can compare prices of almost all the products that we want to buy. This allows us to optimize our expenses and choose the option that best suits our pocket. Take advantage of the Internet and every time you want to buy something, before going to the physical establishment, compare the prices on different pages. You will see that you find a better deal by searching the web.
4. Simple investments
Before everyone (or almost everyone) thought that investments were beyond the reach of the average person and that only the richest could have access to investments. However, thanks to digitization, today we can invest from mobile applications. If you are a beginning investor, you can download the Cetes Directo app and you can safely invest from 100 pesos and if you are already an experienced investor, you can download the GBM application to start investing and monitor your investments in the Stock Market. That said, we always recommend that you seek advice before investing and be sure of what you are going to do.
5. Easy access to information
According to Statista, in 2021, the number of smartphone users in Mexico was estimated at approximately 84.4 million and the number of users of these mobile devices is expected to exceed 95 million in 2025. That said, we can assure that many of these people have access to the Internet, and keeping us informed regarding financial issues and the economic environment is extremely important, as it will help us make better decisions regarding money. For example, we must keep ourselves informed about inflation, taxes, and the economy, since all this affects or benefits our pocket.
It is never too late to learn, take into account the advice that best suits you, and start using technology in favor of your finances.