In 2019, there are apps for everything, including online banking. While the ability to have access to your checking and savings accounts at the touch of your fingertips is a great resource, there can also be an element of self-sabotage that can come about from having everything online.

Do you remember around 10 years ago when companies started to ask the question, “would you like to switch to paperless billing?” At first, you may have thought that would be nice, I can do everything online and not have to worry about losing my monthly bills or statements. Alternatively, you may have thought that I can’t switch to online, I’ll forget to check my accounts and pay more in late fees each month. While these are conflicting thoughts, they are also valid thoughts to consider when using online banking platforms.

The push for paperless alternatives has increased wildly due to the rise of technology (along with 24/7 accessibility) and a cultural shift on becoming more environmentally cautious within many industries. While doing your part to make the earth a cleaner place, you shouldn’t have to compromise by paying or spending more each month. It is easy to forget to look back at that email with your monthly bill or check online to view your account statements. So how does one adjust to the banking online and paying bills in a timely manner electronically? The answer is to plan.

Nowadays, we all carry our entire lives in a piece of technology that weighs less than 5lbs and can fit (sometimes) in our back pocket. You have the resources in the palm of your hand, literally, to transfer money, pay bills, email or call your financial advisor, and set calendar reminders for various monthly expenses. One effective way to take care of your financial wellbeing is to simply make time for it. Whether it is set reminders on your electronic calendar for the 15th of every month to pay off your credit card or pay your water/gas bill. Additionally, getting into the habit of setting an alarm every Friday to check your checking account can allow you to be aware of your available assets before you get caught up in weekend spending. Investing the time to plan can ultimately help you save more money that can be put towards other things in life, like vacations, paying off loans or mortgages, and even retirement.

**Jacobi Capital Management has a great resource in the Jacobi Wealth Dashboard that can keep track of all your spending in one place. If you need help setting up or learning more about the potential of your Jacobi Wealth Dashboard don’t hesitate to call your advisor today to get assistance.