In today's digital age, we can do almost anything online. If you haven't yet digitized your finances, it's time to take the plunge. You have many online tools, iPhone apps and other electronic options that you really never have to set foot in a bank again.

Why you should digitize Digitize info

First and foremost, it will make your financial life a whole lot easier. By signing up for direct deposit, your paycheck will be automatically deposited into your checking account. Many banks offer free accounts to those who sign up for direct deposit, so you can save on fees too. Also, you won't have to sit around waiting for the check to come in the mail, or worry that it will get lost. Plus, you can skip trips to the ATM or bank teller to deposit your check once it arrives.

Digitizing your finances isn't only about direct deposit, however. Another task that you can do online is pay your bills. Paying your bills online is fast and easy, plus you save money on postage. You can set up one-time or recurring bill payments through your bank's online services, or directly through the vendor. Even if you don't like the idea of setting up recurring payments to be withdrawn every month, you'll love the convenience of getting a bill reminder sent to your email or smartphone. Then, you can just log on and transfer the funds with just a couple clicks. In addition to being convenient, going paperless and paying your bills online is also good for the environment because you'll be saving trees!

Managing your budget

Many of us are left wondering at the end of the month where all our money goes. You can get a handle on your spending, savings and investments by using a free online money management and budgeting program like Mint.com. With Mint.com, you enter your bank, credit card, home loan and investment account information just once. Then, the program pulls in the information automatically, eliminating the need for any data entry. You'll always be on top of your balances, expenditures and all your other financial details because Mint.com keeps track of everything as it happens.

There's an app for that

For moms on the go, using banking apps is a must. You simply download your bank's app and then you can make transactions wherever you are. Some banks even allow you to take pictures with your smartphone of the checks you want to deposit, and then the deposit is automatically made into your account.

Don't worry about safety

Digitizing your finances can be a little scary in terms of online safety. However by taking a few simple precautions, you can ensure your money and private information is safe and sound. Mobiloans offers these five tips for safe online banking:

  1. Make sure the online service is legitimate.
  2. Determine the online bank's insurance status.
  3. Read the fine print and know your rights.
  4. Give out your personal information sparingly.
  5. Safeguard your banking information, credit cards and Social Security number.

Enjoy the convenience of direct deposit, pay your bills online and stay on top of your family budget by completely digitizing your finances. It's really simple and will make your financial life a whole lot more organized.

Digitize your finances^To view the original infographic, please visit Mobiloans.

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Maria Mora July 01, 2012
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I really need to get on top of this.