James River Capital understands that building savings and capital can be a challenge when day-to-day life – and the associated expenses – continue to distract. However, the firm also understands how modern technology can help make saving and financial management much easier, no matter where you are in your financial life. Here are several important ways that James River Capital suggests you can use technology to help gain control of finances.
- Connect with a larger community: The online world is filled with communities that can help you spend wisely and save. Are you connected with any of them? Look for apps and online social organizations that focus on creative ways to give, smart savings, how to look for discounts, and more. This will help you make wise spending practices a part of your everyday life.
- Create goals with financial apps: Financial apps can connect to your bank accounts and give you a healthy snapshot of your financial situation. However, many of them also allow you to set specific financial goals for savings or other objectives. It’s important to learn how to use those goal-setting features to help you meet monthly amounts. Once these apps help you get into the habit, the rest is much easier!
- Auto payments: While automatic payments aren’t for everyone, they can be very useful to set up for certain monthly bills so that you can ensure you’re never late on them. This may be especially important for credit card debt or loan payments, but automatic payments are quite versatile. Set them up with your online banking services.
- Invest wisely: Today’s online tools and platforms make investment very easy, even if you’ve never invested before. You don’t have to start with large amounts of money, either: Look for investment apps that allow for smaller investments and simple goals, and make sure you read reviews on any platform before making a choice. A little bit of education can set you up for years of smart investment choices that fit your financial goals.