Mobile banking is among the top three apps Americans use most, and as more people realize the benefits of online finance, its popularity will only continue to rise. Today, entire industries are being built 100% online, and even traditional businesses are growing more present in the digital world. But money isn’t the only thing being digitized. Social media has completely changed the way our society functions, and having an active social life online is just as, if not more important than your physical one. With all of this new technology, managing your digital life can be a full time job, which makes having the right tools and knowledge more important than ever.

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Online Banking is a Tool – Learn How to Use it Well

App designers realize how difficult online money management can be, and are developing ways that can help you easily keep track of every financial detail, even if you have multiple bank accounts. It helps to think of online banking as a financial tool, so it’s best to learn how to use it. Apps like Mint help you build a budget for all of your expenses, and keeps track of money in and out of your account over time. The more familiar you are with the way apps like this work, the better your money management skills will be.

A great way to stay on top of your online finances is to take a course in online money management, or consult with a real-life financial advisor. Arming yourself with the proper knowledge regarding digital banking is a great first step to avoid online scams, hackers, or simple money mismanagement.

Balancing Social Media and Your Personal Life

Social media can be a tremendous resource when it comes to staying in touch with friends and family. With over 3 billion social media users around the world, it’s easy to see how people can spend hours on end on Facebook, Twitter, Instagram, and Snapchat. However, this never-ending state of being “logged on” comes with a fair share of problems. Having the tools and resources to maintain a healthy relationship with social media isn’t always on the forefront of most people’s minds, but can be helpful if you find yourself spending too much time online.

Protect yourself from being too dependent on social media by knowing the signs of internet addiction. One of the biggest red flags is when a person’s physical life begins to suffer due to internet usage. Not showing up for work or school, loss of interest in physical activity, and social reservation are all tell-tale signs of addiction. Avoid this issue completely by limiting the amount of time you and your loved-ones spend online. Like mobile banking, viewing social media as a tool for communication instead of a way of life is an important distinction to make, especially for younger adults, who pose a greater risk of internet addiction.

The internet is embedded in the lives of most Western societies, and it will only continue to grow more prevalent as time goes on. This is why it’s vital to understand how to manage your digital financial and personal life. Use the mobile tools at your disposal to make sure you get the most out of your online experience without forming an unhealthy dependence on it.