Our wallets have emerged to form an integral part of our daily life. From holding ID cards and credit cards to safekeeping our cash and other tangible items, we have evolved over time to find new uses for our wallets.
These extra functions have made carrying a wallet quite cumbersome. Apart from it bulging and taking up space in your bag or your pocket, it can be a heavy attachment too, even though it gives you a false sense of traveling light.
The fact that we store valuable items in our wallets makes us want to protect them and keep them safe at all times. A missing wallet could send you scrambling and worrying about the safety of your private information. A stolen credit card simply opens you up to likely fraud.
But thankfully, technology continues to break new grounds to improve on money management. And now you don’t have to carry your old rugged wallet with you all the way. Now you can actually travel light without a load of a grumpy wallet.
These duties have been exquisitely infused into another indispensable item in our daily lives – smartphones. Apart from the obvious Shopping has not been more fun and easy. And since innovation is a continuous process, we are a treat for the next big advancement.
What’s more, with this advanced technology comes to a lot of security measures to protect you from fraud and theft. With about 2 to 3 layers of verification available – fingerprinting, passwords and facial recognition – the chances of another person getting a hold of your private details is vastly reduced.
Compulsive spending is one of the major challenges people face when it comes to managing their finances. In many cases, we spend money simply because we feel like doing so, and sometimes on things that we really do not need.
This can put a strain on your finances and increases your risk of getting into debt. Hence, you will need to closely monitor how you spend your money. You can get the much-needed assistance from technology. And you can get better at money management with apps that will help you track your spending in order to keep your expenditure within budget.
Traditional wallets are slowly being phased out with amazing e-wallets that allow you to store your credit card details and use them on the go. With Google wallet, Apple Pay, LevelUp, TabbedOut and other innovative solutions available, now is the time to dump your leather wallet and get into the full shopping mood.
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