6 Financial Changes The Internet Made In Our Everyday lives

The Internet has changed our financial lives in many ways. There are many things we are able to do now that was not possible just a few short years ago. This is just a quick list of things that comes to mind, but I am sure there are many more.

  1. We can now bank online and never have to see a teller or even step foot into a bank again. All the things we use to have to do in a branch is now available right there on you computer screen. Some things that took hours now takes seconds, like seeing your balance or up to the second changes in your account.

  2. We can track our spending without lifting a finger with personal finance managers like mint. Tracking spending is just the tip of the iceberg of features these sites provide, the list is extensive and you have to experience it for yourselves to understand the magnitude.

  3. Investing has become much more accessible to the average person. Sites like fedility and Etrade provide all the tools to help anyone build a trading portfolio. Every trading market you want to get into, is there for the taking and most will let you trade with play money before you invest real money.

  4. Financial information if readily available on thousand of sites in almost any area in finance you can think of. From how much your favorite company profited last quarter to which bank has the best interest rate and its all it the tip of your fingers.

  5. Internet marketing gives anyone the ability to start their own small business on a level playing field. The making money online market is growing larger and larger everyday thanks to the minimal cost of starting a website and make it grow.

  6. With sites like Paypal we can easily share funds with family and friends. These sites make it super cheap to help your family when they are too far to reach and in need of some financial help.

I am sure there are more ways the internet has changed our lives, but those are the ones I can think of right now. Feel feel to add your 2 cent in the comments.

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Posted by J.Scott on Feb 11th, 2010 and filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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