Your smartphone is great for managing your social media and personal relationships, so why haven’t you considered how helpful it could be in managing your personal finances? It’s likely that your smartphone is ever present in your other day to day activities so using it to create mindfulness about money can be virtually seamless. In the same amount of time it takes you to send a text you could be on your way to fostering a healthy relationship with your wallet, including what is going out, not just what is coming in. With debt management being a top concern across the board, it is well worth the quick 60 seconds it takes to search out options for controlling this. Streamlining your payments by consolidating debt through personal loans is a quick and simple way to cut down on how many places your money goes each month and gives you less to keep track of.
Take Advantage of Apps
Regardless of your competency level with personal finance, there is an app out there to assist people of all levels with conscious spending and saving. Emancipate yourself from the spreadsheets of the past and make your life easy by downloading an app that is specific to your goals. Paying off high interest credit card debt can be intimidating, but many personal loan lenders have their own apps now with benefits like 24/7 tech support and daily tips that can make this less painful. Keep your eye out for apps that also come with member discounts or rewards, these bonus elements of budgeting apps can create extra earning potential for yourself through either extra savings or kickbacks for usage. Organizing your payments is going to make paying off that debt feel more like second nature and less of a burden. Doing all this through your smartphone can also provide another layer of ease by syncing up your apps to your bank account and giving you the luxury of being able to handle this all from the device you are constantly on anyways.
Create Calendar Reminders
Keeping track of which bills are due, and when, can get confusing, consider allowing your smartphone to manage your payment schedules for you. A one-time set up of reoccurring reminders in your phone will help improve your relationship with your personal finances and ensure that you never miss another due date. Late payment fees and penalties can be severe and can damage your credit score over time if they become your habit. In many cases you can link up your calendar to your apps and create automatic payments that do not require any real action from you after the initial set up. If you are someone who thrives on maintaining responsibilities with minimal effort this is a no brainer for you. Calendar reminders can also be customized to suit your needs and changed at any time.
Do Not Settle for Face Value
The opportunities for budget savvy consumers are endless thanks to online shopping and price matching promises from many top brands and companies. Historically, discounts and deals were not as obvious or readily accessible as they have become thanks in large part to smartphones. Spend the time to shop your purchase around, and do not be afraid to use this knowledge to negotiate a better deal for yourself. Identify which companies are easier to work with, and more applicable to saving you money and pledge your allegiance to them. Online forums also provide the added benefit of product comparisons and customer reviews that you can’t get from physically going into a store, this can facilitate the best deal for you without you ever having to leave the house. You can’t avoid targeted advertising so use it to your advantage by signing up for brand newsletters for companies or items that you are already purchasing regardless. Doing so can alert you upcoming sales and specials that you apply for simply by patronizing their brand.