The Role of Technology in Personal Financial Management

The role of technology in personal financial management has grown exponentially in the past decade, along with a new wave of apps and services that can help you budget and save money, manage your spending, find better rates on loans and credit cards, and more. 

But like any tool or app out there, these products won't work for everyone and they're not meant to replace human advice or counseling. If you're having trouble managing your finances, speak with a financial counselor immediately.

  • Technology has become a major part of our lives.

  • It is used in many aspects of our lives, from the social to the personal and even work-related.

Technology can help you budget and save.

Technology can help you create a budget by providing a way to track your spending, so that you have a better idea of what's coming in and going out. It also makes it easier than ever to find coupons and discounts online before shopping at local stores or ordering items online. 

This way, when it comes time to pay bills or make purchases with credit cards (which are often more expensive than cash), technology provides another tool for saving money: online bill pay allows users access over their cell phones or computers so they don't have to waste gas driving around town; meanwhile, online banking lets people manage their finances from home without having someone else handle their accounts for them

Technology can help you monitor your spending.

  • Track your spending by category. This will give you an idea of where your money is going and how much of it is going toward different things, like food or entertainment. If you want to see how much money has been spent on entertainment in a given month, for example, then track it by location and date range (for example: "Restaurants" or "Entertainment").

  • Use budgeting apps that allow users to set goals and track progress toward those goals over time--and then compare those results with other people who have similar financial situations as well as different ones!

You can also use technology to find the best rates on loans, credit cards and other financial products. Look for the following:

  • The lowest interest rate - this will save you money in the long run.

  • Features that will meet your needs (e.g., low balance transfer fee) - if there is no need for a certain feature, then don't pay extra money just because it's there!

  • Customer service - do they respond quickly? Are they friendly? How easy is it to reach them by phone or email? If there is an issue with your account, how quickly will they resolve it?

You'll need to have a computer or smartphone with fast internet access to use financial technology applications effectively.

You can also use them on your mobile device through an app store, such as the Apple App Store or Google Play.

Some financial technology applications are free, but others require payment. You should be careful when sharing personal information online because it may be stolen by hackers trying to steal your identity and money. 

Many different kinds of financial technology exist today, including budgeting tools like Mint (www1) or Personal Capital (www2), which help individuals manage their spending habits while suggesting ways they could save money; investing services like Robinhood (www3), which allow people without much experience in investing options like stocks and bonds; payroll processors such as Gusto (www4); tax preparation services like TurboTax(www5); online banks such as Ally Bank(www6)

If you're having trouble managing your finances, you should speak with a financial counselor or get debt help immediately.

If you want to get debt help, contact the National Debt Relief Program by calling 1-888-991-9787 or visiting their website at

Technology is not a solution for all financial problems, but it can help you manage your money and make better decisions. If you're having trouble managing your finances, you should speak with a financial counselor or get debt help immediately.