In this episode Carl reviews two new software providers Onedox and Wonderbill who both aim to aggregate all your household admin into one place. So from your smartphone you will be able to see all your utility bills, when they are due for renewal and even get sent suggested alternatives to save you money. This is exciting software that can save you lots of time and get you super organised.
Whilst browsing through the App Store on my iPhone the other day I came across a feature for a pocket money app. It had the headline ‘The new bank of mum and dad’ and it got my attention as being a fairly new father myself, I am often thinking of the best ways to teach my daughter about money in the future.
The start of January is an interesting time to be thinking about getting our children into good money habits. Even though we as adults might be feeling fairly poor after all the Christmas spending, children might be rolling in £10 and £20 notes from family!
When it comes to teaching our children about money, nowadays the notepad and calculator probably isn’t going to cut it. Children seem to be getting smartphones earlier and earlier and are probably already better than you an I at using them!
So now could be the time to combine teaching and technology using a pocket money app.
Do you have a couple of different credit cards, bank accounts, investments, all with different usernames and passwords and wish that you could access all your finances in one place?
This has started to become a major problem with the growth of online banking and investment accounts.
Have you ever thought about what would happen if you suddenly died and your loved ones had to administer your financial affairs? How would they know what money you had and where? I heard from one lady the other day about how her parents keep a ‘death sheet’. A paper note of all their financial information containing all the login information as well. At least it’s something but is it really the most secure? How often will that need updating I wonder?!
Fear not though, technology has come to our rescue.
When I started RTS Financial Planning I wanted to deliver next generation financial advice. I don’t mean providing financial advice to the next generation in your family but next generation in terms of the way financial advice is delivered.
So I was delighted to find out that a few weeks ago I had made it into New Model Advisers Top 35 Next Generation Advisers!
This list is compiled to celebrate those in our profession who are taking a leadership role in the business, helping improve the advice profession, close involvement with clients, financial planning and investment expertise.