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Unless you are still stashing away cash under your mattress you have likely heard of the term FinTech. While most new terms can feel intimidating, especially in the financial space, this one is easy to digest. FinTech simply refers to the integration of technology into everyday financial services and practices. The purpose of this integration is to streamline processes and make for a more efficient delivery to customers. FinTech also gives way to financial inclusion, and overall benefit to the way in which we handle our money.

Quick and Impactful

Thanks to the collision of finance and technology, people can now unlock tons of financial details and tips quickly and easily. Finding out information like your credit score used to be something that involved paperwork, mailing, and a whole process. Thanks to things like smartphones and finance apps, this is information that you can receive in seconds.

Home equity is another huge part of personal finance that technology has streamlined. Whether you are looking to make sense of your home equity, learn about tax treatments, or how to access your home equity, you can review a quick online guide to assist you. If tapping into your equity is on your radar, looking into HELOC rates or a home equity loan can also be done online. Technology deserves all the credit here for making your options a lot clearer and more easily accessible.

Online Payment Providers

It was not that long ago that a major part of the lessons in high school adult life prep classes was how to balance a checkbook. However, thanks to technology, a check ledger is now considered to be a primitive way to track finances. If you have a smartphone, there is almost nothing that cannot be handled from the palm of your hand regarding bill payment and tracking finances. Since online payment providers have gone mainstream, people have been able to not only have their money online and ready to spend more effectively, but to track it as well.

Blogs and Podcasts

Money, and all things personal finance used to be somewhat of a taboo subject. As of late, platforms like blogs and podcasts have broken through that barrier and flipped it on its head. Those who have financial know how are now operating with a sharing is caring mindset and are in the business of divulging their tips and tricks openly. Even though finance on its own is a broad term, you can expect to be able to find podcasts or blogs that are also broken down into more specific categories.

Technology has improved personal finance, but it has not made it any less personal. Everyone is going to have their own swagger regarding how they make money moves, so these typically free resources are a great way to compare ideas and methods and formulate a plan that best suits your financial goals as well as your lifestyle. Often these platforms will also include links to tangible planning tools that support whatever the creators' personal mission is. If you are looking into better budgeting, you can expect a blog to provide you with examples of budgets as well as where to go to adopt these examples as your own.