Wednesday 27 August 2014

Bobby Jain: Can Mobile Devices Monitor Financial Stability?

By Rebecca Mills


To say that smartphones are useful these days would be nothing short of an understatement. Keep in mind that smartphones are able to carry out a number of different actions, meaning that they are along the lines of palm-sized computers. Financial matters are included and Bobby Jain will not be able to say differently. However, you may not understand the specifics associated with the financial help that many of these apps are able to bring.

According to an article on USA Today, many smartphone owners seem to be likely to use their devices for financial reasons. In fact, a Federal Reserve study went into detail about how half of all Americans seem to be using the devices in question in order to take care of their bank accounts. In order to illustrate this point, do you know how easy it is for people to log onto their accounts following a large purchase they made at a supermarket? For Christmas and birthdays alike, it's easy to see why certain apps are so practical.

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.

It's not just a matter of monitoring bank accounts, either, as Bobby Jain will be able to tell you. Various financial authorities like Jain can state that many apps are able to help people set goals and monitor how far along they are to being achieved. What about the idea of tracking checks that have been sent out? It's ideas like these that help to make the mobile front attractive and even those who wouldn't have thought of utilizing smartphones for this purpose have gotten onboard.

It's apparent that the popularity associated with mobile devices is quite high and I do not think that anyone can say differently. They are able to go about a number of endeavors, many of which aren't even related to financial assistance. However, when it comes to finance, you can be certain that they will be able to fulfill a number of tasks, which is only accentuated by the fact that certain apps are rather simple by design. Smartphones have become essential, in many cases, and I do not see this changing anytime soon.




About the Author:



No comments:

Post a Comment