Sunday, November 2, 2008

Managing Finances Online

Managing finances online.  

For some of us this means tracking investment portfolios and various banking accounts.  

For others it just means an easier way to pay the cable or power bill.  

Even the lowest citizens on the income ladder can track their government assistance and child support income. Hmm,  I suppose a (homeless?, transient?)  person who lives day to day on handouts and charity would not need this service.

All you need to utilize this service is the use of a internet connection, browser, username and password.  You can have your check direct deposited into your bank account and then use the debit card for that bank account to pay your various bills online.  You can also setup timely transfers of money from that account or your paycheck into your investment portfolios.  

I personally track my checking account online, I have a credit card that I manage online.  My car insurance is also online.  I don't pay my child support or IRS bill online because i dont really want them to have easy fund tranfer access to my money.  I also buy various things online via either my debit or credit card.

It would be very smart, to have one secure credit card for online bill paying and transactions.  This card would ideally have some sort of reward system (points, miles, cash back) for the frequent use it would receive.  This would put a layer of security between the people charging you money and your direct bank account.  

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