Most of us will agree that digital technology has woven itself into our life becoming an intricate part of our daily existence.
We now have access to an “on demand life”, where with a push of a button we can stream movies, buy music, books, magazine subscriptions, video games and apps galore.
As technology seemingly makes your life more enjoyable and simpler it may make saving money more difficult. You may be spending excess money on technology that could go to savings or toward paying down credit cards. It is important to be aware of the drain on your finances and make sure the benefits outweigh the cost.
Start by looking at how much you are spending on digital technology including services and new gadgets. Evaluate your spending and decide where you can lower some of the cost and put that amount into your savings. By doing a digital audit regularly you may be able to avoid paying for services no longer needed. You also may find that those ninety-nine cent purchases add up more quickly than you realize. Perhaps downloading 15 apps or songs a month instead of thirty would help your savings account.
Technology is here to stay, but equally important is our need for a happy and healthy financial future. Enjoying digital luxuries without allowing them to become a “drain”on your budget is a healthy start in planning a more secure financial future.
No Individual should assume that any information presented or made available on or through this website should be construed as personalized financial planning or investment advice. Personalized financial planning and investment advice can only be rendered after engagement of the firm for services, execution of the required documentation, and receipt of required disclosures. Please contact the firm for further information.
“Ranking and/or recognition by unaffiliated ratings services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if the firm is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of the firm by any of its clients. Rankings published by magazines, and others, generally base their selections exclusively on information voluntarily submitted, prepared and submitted by the recognized adviser.”
“Zuraw Financial Advisors, LLC (“Zuraw”) does not recommend and/or endorse advertising linked to Zuraw’s website or blog posts (WomenMoneyandDivorce.com or ChicksChatandChange.com). Nor does Zuraw make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to the Zuraw website or incorporated herein and takes no responsibility, therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. Zuraw may receive compensation from third parties to advertise on the firm’s website and blogs. Zuraw does not share client’s personal information with any third parties, either affiliated or non-affiliated with Zuraw.”