facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast blog search brokercheck brokercheck
%POST_TITLE% Thumbnail

7 Technology Tools People Should Use To Make Their Finances Easier And Safer To Manage

By embracing these tools, you can save time and money and gain better control over your finances. You will also reduce the odds of being the victim of identity fraud. If the list feels overwhelming, start slowly and choose tools that align with your specific financial and privacy goals and comfort level with technology. Click on the links below for more information. 

Password Managers: 

Everyone should use a password manager to create and store strong passwords securely. This reduces the risk of identity theft and unauthorized access to your accounts. The best ones also allow the creation of secure notes, credit card information storage, and automatic password syncing between your phone and your computer.

Two-Factor Authentication (2FA): 

Enable 2FA wherever possible on your financial accounts to add an extra layer of security beyond passwords. Use your password manager, a dedicated app, or mobile phone number to generate or receive a code to log in.

Online Banking and Mobile Apps: 

With online banking and mobile banking apps, you can easily monitor your accounts, pay bills electronically, transfer funds, and even deposit checks remotely using your smartphone camera. For instance, you can set up automatic bill payments to avoid late fees or transfer funds between your checking and savings accounts with just a few taps on your phone. An added security feature of using a phone app is that they frequently require biometric credentials (fingerprint or face ID) to authorize access.

Budgeting Apps or Personal Finance Software: 

These tools vary in scope, connect to your bank and credit card accounts, categorize your spending, and help you keep track of your expenses, making it easier to manage your spending and stick to a budget if you’re stressed about cash flows. The more comprehensive apps can also add features such as tax planning and establishing a financial plan to pay down debt or fund a home purchase.

Credit Monitoring Tools: 

First, set up an online account with the three main credit bureaus (Experian, Transunion, and Equifax) and freeze your credit. It is free and an easy way to be alerted and protected if someone attempts to open a financial account in your name. It can help stop identity fraud before it becomes a problem. Next, services like Credit Karma, Credit Sesame, and NerdWallet provide free credit score monitoring and insights to help you understand and improve your credit. They can also alert you to suspicious activity or changes in your credit report.

Investment Platforms:

Set up an online account with your broker-dealer or custodian to check your investment accounts at least monthly for activity. If you work with a financial advisor, use their portal as well. It should provide you with critically important information such as performance, benchmarks, and fees to help you assess whether you are on track with your investment goals. 

Email Security and Privacy:

Free email services like Gmail or Yahoo scan your emails or track browsing activity to send targeted ads. Any website where you enter your name, email, address, or phone number can also sell this information to data brokers, increasing the risk of compromised online identity. Instead, consider using one email address for your online shopping or social media and one strictly for your financial accounts, which are typically the most secure websites. By keeping them separate, cyber thieves are less likely to get hold of your bank and credit card logins. Even better, use an encrypted email service for your financial accounts. 

These tools are not just for tech-savvy individuals. They are designed to streamline financial management and enhance security for everyone. So, don't hesitate to start using them today. Just remember to stay vigilant and guard against potential threats like phishing scams or data breaches. 

Need help?


One of Bristlecone Value Partners’ principles is to communicate frequently, openly and honestly. We believe that our clients benefit from understanding our investment philosophy and process. Our views and opinions regarding investment prospects are "forward looking statements," which may or may not be accurate over the long term. While we believe we have a reasonable basis for our appraisals, and we have confidence in our opinions, actual results may differ materially from those we anticipate. Information provided in this blog should not be considered as a recommendation to purchase or sell any particular security. You can identify forward looking statements by words like "believe," "expect," "anticipate," or similar expressions when discussing particular portfolio holdings. We cannot assure future results and achievements. You should not place undue reliance on forward looking statements, which speak only as of the date of the blog entry. We disclaim any obligation to update or alter any forward-looking statements, whether as a result of new information, future events, or otherwise. Our comments are intended to reflect trading activity in a mature, unrestricted portfolio and might not be representative of actual activity in all portfolios. Portfolio holdings are subject to change without notice. Current and future performance may be lower or higher than the performance quoted in this blog.References to indexes and benchmarks are hypothetical illustrations of aggregate returns and do not reflect the performance of any actual investment. Investors cannot invest in an index and returns do not reflect the deduction of advisory fees or other trading expenses. There can be no assurance that current investments will be profitable. Actual realized returns will depend on, among other factors, the value of assets and market conditions at the time of disposition, any related transaction costs, and the timing of the purchase.Economic factors, market conditions, and investment strategies will affect the performance of any portfolio and there can be no assurance that a portfolio will match or outperform any particular index or benchmark. Past Performance is not indicative of future results. All investment strategies have the potential for profit or loss; changes in investment strategies, contributions or withdrawals may materially alter the performance and results of a portfolio. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be suitable or profitable for a client's investment portfolio.This content is developed from sources believed to be providing accurate information, and it may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.