Tuesday, August 26, 2014

Bobby Jain: Can Mobile Devices Monitor Financial Stability?

By Rebecca Mills


It's apparent that smartphones are high-powered and they are only going to get stronger in due time. For many people, these devices are able to carry out a number of different endeavors; many people can click onto a food-related app and place an order right then and there. In fact, financial matters can be covered as well, which Bobby Jain and others cannot ignore.

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.

Seeing as how Bobby Jain, and others, support these sorts of apps, it's important to note that bank monitoring is not the only incentive to having them. In fact, you can be certain that authorities the likes of Jain can tell you about how they are able to help in regards to goal-setting and achievement. It's also worth noting that, depending on their functionality, they can help to track checks you have written and sent out. With ideas like these, the usefulness of financial apps cannot be argued.

Mobile devices are quite popular, to put it mildly, and they are only going to get more popular with time. They are able to fulfill a number of purposes and they aren't even limited to finances, either. Needs and desires like food and entertainment can be fulfilled with the appropriate apps set in place. The idea of assessing and managing one's finances, for many, can prove to be a challenge. This doesn't mean that there aren't simpler ways to approach finance, in general, and smartphones are at the forefront in that respect.




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