3 ways mobile technolology is transforming your finances

  By Toro Radar

Technology is present in the simplest things of our day to day: the time to prepare breakfast, go to work and exercise. From the simplest tasks to the most complexes ones, science has transformed our lives and made our daily assignments easier.

Want a practical example? Finding an accommodation has become simpler. With the help of revolutionary online platforms, such as Airbnb, you can discover better options (also cheaper ones) and make reservations within seconds.

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Often, we are so used to the technological innovations that we forget how they facilitated various social, political and economic sectors. If we think about the economic matter we can find examples of how science, especially mobile technology, facilitates the simplest tasks of our routine.
Are you curious to know how managing your money is influenced by technology? Check now 3 ways mobile technology is transforming your finances:

Facilitated banking transactions

No more long queues and hours of waiting! With technology came the improvement of banking services. Nowadays, it is easy to make a transfer between accounts or pay the electricity bill through the smartphone. Not to mention that when you need information from months ago is not necessary to call the customer service center and wait for them to send the documentation by mail. Now, with a few clicks on the phone you can have it!
It's a relief not to depend on paper, isn’t it? There is no more need to store all the information in folders that only served to collect dust in your closet. You can also access your internet banking and change registration data, simulate interest rate, ask questions through online chat and hire a credit line.
Another advantage is that customer service has also gained more agility. It was very annoying to have to rely on phone calls to resolve a problem with the credit card, or worse: having to go personally to the bank to, in the end, find out that it was only a temporary system crash.

Smart financial management apps

No money at the end of the month? A lot of people have to deal with this problem. The good news is that with the advancement of technology, take care of finances has become much easier now. Financial management apps help many people prevent troubles with the credit card bill.
This is possible because many apps offer the ability to organize your spending into categories such as food, transportation, rent, and parties. Through this systematization, your dream to travel the world or buy a bigger house is closer to becoming a reality. By taking better care of your money, you will be able to save more and escape from debts.
There are also specific apps for businesses, especially for those who started recently. That's because those who do not have much control of corporate finances in the early years of the company is in serious danger of seeing the business fail.

More autonomy for investors

It is no use saving money if you do not know how to invest it. More profitable investments can make your capital work for you! Forget the savings accounts and turn your eyes to the Stock Market.
Have you considered to be an associate of renowned companies around the world, such as Apple, Google, and Coca-Cola? Well, in the stock market you can! Now you may be wondering what this has to do with technology. The answer is: everything!
Today, all purchase orders and sales os stocks are done virtually. There’s no longer the classic scene of the crowded room with everyone talking at the same time. You can invest your money the way you want to and in a matter of seconds. It only needs internet access and be registered in a Home Broker platform linked to a stockbroker.
It may seem insignificant, but this technological change has transformed the financial market. An example of this is in Brazil. In recent years, the number of investors registered on the Brazilian stock exchange has grown exponentially. And much of this increase comes from the ease of investing today through a home broker platform.
It is very easy to find examples of how technology favors our finances. In addition to the options that were quote here, we can still talk about the possibility of cheaper internet shopping (Black Friday without fights? Yay!) and also real time news that can define commodity prices, such as gasoline and food.