Here’s an interesting bit of trivia: Did you know that between the years of 1946 and 1964, there were more than 76 million babies who were born in the United States? It is these individuals who make up what is known as the “baby boomer generation”. This means that many of them recall the invention of color television and definitely, cell phones and the internet.
Indeed, a lot has changed since a baby boomer was a teenager, especially when it comes to technology. If you’re someone who is a part of the baby boomer generation and you’d like some tips on how you can manage your finances with the help of technology, but you don’t want to use anything that will overwhelm you with a lot of “techie jargon”, we have five things that are very hip and also pretty user-friendly below:
Annual Credit Report. There’s no way around the fact that your credit score is vitally important when it comes to making big purchases, negotiating prices on insurance and getting low interest rates on credit cards and loans. The reason why Annual Credit Report is a wise pick is because they are true to their word when they say that they will send you your credit history from Equifax, Experian and TransUnion every 12 months, free of charge. (Plus, there aren’t any hidden fees for signing up with them, either.)
Quicken. If you’re looking for some software that will help you to manage your checking and savings accounts along with your credit card bills and online transactions, Quicken can definitely help you out. Not only will it assist you with organizing your funds, but you can use it to create a budget and set retirement goals too.
Bank Rate. This website is awesome because it provides all kinds of news and statistics on things like home equity as well as student loans. Plus, it has an interactive element known as a Bank Rate calculator that helps you to tally up things like how much you owe on your credit card (including interest).
Your iPhone. Even with all of the technology that is available to us, paper checks are still a vital part of our economy. If you do happen to own an iPhone, you don’t have to wait in line at your local bank in order to deposit the checks that you receive. PayPal has an app that you can download that will let you photograph your checks for immediate deposit up to the amount of $3,000 per month.
Online banking. Although there are plenty of popular website builders that are coming out with new ways to handle your finances every day, make sure to not forget about your bank and it’s free online services. With online banking, you can check your balance, set up automatic payments, transfer funds and even receive alerts straight to your mobile phone when you have made a transaction or even if some suspicious behavior has transpired with one of your accounts. It makes it possible for you to do your banking no matter where you are, so definitely make sure to take full advantage of this option that is made available to you.