Infographic: How Money Moves

Time Or Money

The way people manage their funds has changed dramatically over the last decade. Improvements in mobile devices and online apps have given households plenty of options that are easier, more accurate, and more efficient than old methods. A family setting its budget in the 1990s, for instance, would have relied on pen and paper. Today, you just need to download a budgeting app to your phone and provide your financial information. The app will do most of the work for you.

The process of sending money to your friends and relatives has also changed. If your child takes a trip abroad, you can’t rely on the mail service to deliver cash or a check on time like many parents did just a decade ago. Today, you can send money to Brazil and beyond with a few clicks on your keyboard or mobile device. As long as you fund the transfer with a credit or debit card, the money will reach your child within 15 minutes. If you relied on the mail system, you’d be lucky if the money arrived within 15 days.

You might already know about some of the money services that can help you save time while protecting you from fraud. Read the following infographic to keep up on the latest options. They can make your financial life a lot easier.