Monday, April 10, 2023

How have Technology and Innovation Changed the Way we Manage our Money Over Time

Are you tech-savvy when it comes to money?

When it comes to our financial way of life, technology, and innovation play an important role. As consumers, we rely on the current method of dealing with and managing our finances.


When I was younger, I had a pink piggy bank, and I get so excited about depositing any leftover money from my "baon" after school. Back then, every peso I put into my piggy bank gave me that happy feeling.


On rare occasions such as Christmas "Pamasko" and birthday money was one of the things I always look forward to. That's when I get to have more piggy bank savings. My mindset was to keep and save as many as I could so that I can buy things for myself like scented stationaries, stickers, and hair accessories which were the popular things to collect during that time- proud '80s kid here! ;) 


This was the easiest and fastest way for a grade-school student to save money at that time.  


Forty years ago, saving up money through banking was limited. Opening a bank account back in the day was known to be a hassle thing to do. Submitting documents and other requirements needed to open an account can be tedious. 


This also applies to the communities in far-flung areas, where knowledge about saving up money through banking was limited. 

Photo by Gaurav Bagdi from Pexels

However, in today's trend and innovation, when it comes to money transactions, you don't have to leave the house to pay bills, send and receive money, or conduct bank transactions; you can do the majority of these with a few clicks and taps on your mobile devices, laptops, and computers. 


One critical aspect of managing your finances is knowing how to use a bank to conduct all of these transactions. Financial literacy can be learned through technology and innovation. There are numerous online resources available to help you decide on the best bank for you. 


For a consumer like us, we want a financial institution that can provide us with what we need, less hassle, and with 24/7 easy access, the one who can find ways for us- just like BDO, We Find Ways!

BDO's creative approach to banking has allowed it to remain at the forefront and offer its clients the most modern and effective financial services as the world gets more and more digital. 



BDO has embraced innovation and technology to expand its reach and advance financial literacy and inclusion. By providing access to services and education via digital platforms, technology has the potential to break down barriers to financial inclusion. 


What is financial inclusion? It means that individuals and businesses can access helpful and inexpensive financial services and goods that satisfy their needs - transactions, payments, savings, credit, and insurance - delivered responsibly and sustainably. 


I now rely on the latest technology to help me save money that can provide the most convenient means of handling, processing, and keeping cash. For real-time digital bank transactions, bill payments utilizing an electronic wallet, and service transaction payments, for these, I connect to my BDO Online Banking account and I am good to go!



Finally, technology and innovation are inextricably linked; they play a significant role in our individual and global financial stability.  


You can check out BDO's social media channels or navigate through their website www.bdo.com.ph, and get your baseline information on the services for your personal or business needs.

23 comments:

  1. It is nice to have technology as a tool to help with finances. Using money has definitely changed over the years, and it is good to have ways to manage finances.

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    1. The ability to increase our financial management skills with the help of modern technology is truly amazing.

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  2. I manage all my bills and bank accounts online. BDO sounds like a great service.

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    1. They have all the services one can definitely avail and use. :)

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  3. This sounds like a great way to bank! I always love when I can safely have a spot to keep my money.

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  4. I found this article about how technology and innovation have changed the way we manage our money to be informative and insightful. It's amazing to see how far we've come from the days of the simple piggy bank to the convenience of digital banking today.

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  5. I found this article about how technology and innovation have changed the way we manage our money to be informative and insightful. It's amazing to see how far we've come from the days of the simple piggy bank to the convenience of digital banking today.

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    1. Embracing the positive developments in life is always a good thing especially to consumers like us! Thank you for checking the article, appreciate it! :)

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  6. This sounds perfect and so easy to do. Definitely will help with keeping track of spending and saving.

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  7. I an actually using BDO for the past couple of years and it is offering a really great service

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    1. Great decision, I am glad to know you find their services great! :)

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  8. This sounds like a great way to bank! I use an app to manage my bank accounts and I love it!

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    1. Thank you for checking out this post! I am glad to know people who are managing their finances wisely!

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  9. It's good to update the way we handle different aspects of our lives as the technology becomes more available so that we can manage our money more efficiently!

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    1. Definitely! keeping ourselves abreast with the current trends and technology- money wise is always a good move. :)

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  10. Couldn't agree more! BDO sounds like a great service. Will you believe it, I still use a piggy bank to keep my money (especially coins)? :P But we also use an app to manage our accounts :) Great post.
    Everything Enchanting ❤️

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    1. Same here, still have a couple of coin bank in the dresser (the inner child in us! ;) )

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  11. Love this and technology has made finances much easier. Everything off for me is scheduled online....no more running around to pay bills or mailing them in a week and a half in advance. I need to check out some finance apps for myself....

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  12. I have never heard about anything like this before! It was helpful to have the information you provided. Your sharing of it is greatly appreciated.

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  13. We definitely do almost everything online now as far as financial stuff is concerned.. and when I think back to the times where it was all paperwork and in person.. :) I tell my kids, technology has made it simple indeed..

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    1. That is so true, aren't we all excited for money and tech in the next couple of decades?! :)

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