When you need directions, do you reach for a map or type your destination into a computer or smart phone? Paper maps are nice, but they’re old school in some respects. They can’t tell you if traffic’s backed up or a road is closed. Technology is also changing the options for managing our finances.

Auto Deposit

Live payroll checks are like maps. They still work, but having your checks deposited electronically is easier, faster, and more convenient. No more trips to the bank or lost checks. And you have immediate access to your money. If you wish, you can direct money into more than one account. Tuck some cash into a vacation fund every payday, for example, and next summer’s trip could be paid for in full before you leave.

Electronic Payment

Even if you’re careful, it’s possible to miss a loan or credit card payment due date and get hit with a late fee. Paying bills online can help. You can arrange to have payments sent automatically from your bank account. Or you can set up email reminders and initiate payments yourself. To avoid overdraft fees, just be sure you have enough money in your account to cover the money going out.

Real Time Budgeting

Keeping track of how much you spend, save, and owe has never been easier. Various tools allow you to set up a budget and sync all your financial accounts so you have a real time snapshot of your finances. You’ll be able to monitor your progress. And if a cash crunch is coming, you can make the necessary adjustments.

Digital tools can be helpful, like setting up electronic payments for bills so you don’t accidentally miss a due date. But, be sure to keep an eye on your accounts online so you are aware of any suspicious activity if it occurs so you can catch it early.

Written By  Emerj360
What Your Last Tax Return Can Tell You About Your Finances
Brett Sebion, Financial Coach  – February 14, 2024
Just as coaches look back at their prior season to identify their team’s strengths and weaknesses, it can be helpful for taxpayers to review their most recent tax return to assess what they did well and what they could’ve improved on when it came to their taxes and overall finances. Your federal income tax return […]
Keep Reading
Tax Advantages of a Health Savings Account
Heather Jordan  – February 09, 2024
Health savings accounts (HSAs) have been around for nearly two decades, but many people are unfamiliar with them and the benefits they offer. This article is an overview of how they work, who is eligible for them, and what tax advantages they provide. An HSA is essentially an interest-bearing, medical savings account that you can […]
Keep Reading
2024 Tax Guide: Quick Takes for the New Year
Emerj360  – February 02, 2024
View the 2024 income tax brackets, long term-capital gains tax rates and insights on some factors that may impact your tax situation in this guide. 2024 Federal Tax Provisions 2024 Federal Income Tax Brackets for single filers, heads of household, married filing jointly, and Trusts and Estates. (Click the chart to enlarge it.) Long-Term Capital […]
Keep Reading

What are you waiting for?

Everything we do boils down to this: by doing what is best for you, we do what’s best for our company. Helping you build financial security and plan for retirement so you can look forward enjoying life.
Open Account right-arrow-dark Sign Up Now right-arrow-dark