You work hard and it’s only fair that you enjoy your money and use it to live a comfortable life. And in some cases, you’ll decide to access a credit or a loan to make your dreams come true or build the business you always wanted.
Cash is important, but the better you manage your money, the easier your life will be, you won’t have financial problems and if you have a business, your investments will give you better profits.
Luckily, technology is here to help everyone, experts and newbies in finance so you don’t just jump in with important decisions. For example, have you ever used a business loan calculator?
It has become very popular because it allows you -as its name says- to calculate the cost of a loan before getting it, so it’s easier to make sure that you can afford.
There are more tech tools to manage the money you earn or get from a loan. In this article we’ll go through five of them.
1. App From Your Bank
Most of the banks now have an app available for their clients. Those smartphone applications are easy to download and use, you don’t need to be an IT expert, just open them and become used to its features.
You can check whenever you want how much money you have in your account, how much you have spent the last month, and if your expenses are realistic and according to your income and capacities.
If you might want to spend money on something but you’re not sure if it’s a good idea, you can check how your finances are doing and decide if you should purchase it or not.
2. Business Loan Calculator
Getting a loan is a very common thing: it can help you to improve your’s and your family’s life or you can apply for a business loan to invest in your own company. There are many lenders, some of them even specialized in minorities, and now, almost anyone can apply online and get the money in only a couple days (if approved), no muss no fuss.
A business loan calculator can help you see how much you would pay monthly, decide the amount of money you should ask and which loan fits you best. You don’t need to be a finance expert. Tech calculators are made for every user.
3. Budgeting Software
There are apps for your phone that will allow you to track how much money you are spending each month from the budget you set before. You can define the budget for whatever use at the beginning of the month, and the rest of the days you can check how you’re doing and measure your expenses.
Depending on the financial activities you have, you can choose a very basic or more advanced budgeting software. You can combine this with your business loan calculator to compare how much you can use for your business and how much to make the monthly payments.
4. Best Deals
Many tech tools are created to show you where to shop cheaper: supermarkets, restaurants, tickets to shows, sport centers, clothes, furniture, vacations and more.
You can save money with apps for selling and buying second hand goods, or get coupons. Don’t underestimate the power of a good offer.
5. Low Cost Transfers And Payments
Some smartphone apps will allow you to transfer money from your account to someone else’s, much cheaper than if your bank did it. Some of them will allow you to do digital payments, or request for one, with a minimum fee. This is a great tool if you’re starting a small business or work freelance.
In the tech world, saving money is easier than ever. Shopping, applying for loans and getting money is more accessible now than ever thanks to the existing technologies. Take your phone and find the apps that will help you buy cheaper, find good deals or use a business loan calculator that will help you find the best financing for your needs.
Fintech is not just for some, whoever uses money and the internet can and should use the advantages que have today. The old ways when you had to go all the way to the bank and ask for credit, a loan, or even check out the ATM to see how much you have, are over. Your smartphone can take you a long way, if you’re new with this go step by step and soon you’ll take your personal or business finances to a whole new level.