The capabilities of smartphones, as we know them today, are difficult to ignore. They are able to carry out many mundane tasks, ranging from shopping to even ordering a pizza to be delivered to your doorstep. However, it seems like they have grown to the point where financial endeavors can be covered and Bobby Jain cannot argue. In fact, it should be noted that these devices can come into play as far as monitoring financial health is concerned.
USA Today posted an article that detailed how many smartphone owners are using the devices in question to see how they are doing financially. According to a Federal Reserve study, it seems as though half of Americans who use smartphones make use of these devices to see the activity regarding their bank accounts. What this means is that it is easier for them to see their accounts following large purchases. Wouldn’t you want to see where you stand after buying gifts for the December holidays?
Every month or so, a bank statement arrives in your mailbox. You will look at the various details associated with the bank statement in question and while it’s useful, without question, it can be argued that smartphone apps are more effective. Keep in mind that you do not have to wait every single month in order to gain information with apps; all you have to do is log in and you are set. Yes, physical statements have their own levels of usefulness but they aren’t nearly as accessible as digital methods.
Keep in mind that, as Bobby Jain will tell you, bank account monitoring is not the only perk associated with financial apps. In fact, authorities such as Jain can attest to the fact that, if designed properly, they can help people monitor where exactly they stand as far as financial stability is concerned. They are able to examine checks, which is another matter of discussion entirely. Seeing as how they possess a tremendous amount of versatility, it’s easy to see why these apps are commonplace amongst many smartphones.
I do not think that anyone can argue with the fact that mobile devices, on a whole, are very popular. This is true amongst various groups, which means that they can fulfill a number of endeavors, whether they are related to finance or not. The apps that are designed for financial help, though, are tough to ignore and I’d like to think that they were designed in order to appeal to everyone, regardless of their levels of savvy. Given the fact that smartphones are used for just about everything nowadays, I don’t see their popularity dwindling in the near future.
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