{"id":39107,"date":"2016-09-13T05:15:06","date_gmt":"2016-09-13T12:15:06","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=39107"},"modified":"2022-01-22T13:00:19","modified_gmt":"2022-01-22T21:00:19","slug":"why-the-new-face-of-money-management-is-making-walk-in-banks-obsolete","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id39107-why-the-new-face-of-money-management-is-making-walk-in-banks-obsolete.html","title":{"rendered":"Why the New Face of Money Management Is Making Walk-in Banks Obsolete"},"content":{"rendered":"<p><a href=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2014\/07\/bank-abandoned1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-25974\" src=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2014\/07\/bank-abandoned1.jpg\" alt=\"bank abandoned\" width=\"376\" height=\"251\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2014\/07\/bank-abandoned1.jpg 500w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2014\/07\/bank-abandoned1-300x200.jpg 300w\" sizes=\"auto, (max-width: 376px) 100vw, 376px\" \/><\/a>Due to advancements in technology, the ever-growing mobile trend, and society&#8217;s desire for convenience, the face of money management is evolving. In the past, everything was done manually and was centered on brick-and-mortar banking institutions. These banks provided all the necessary banking services for money management, such as deposits, withdrawals, and loan application and approval. Even <a href=\"https:\/\/lenpenzo.com\/blog\/id5494-get-financially-fit-by-running-your-household-like-a-business-3.html\" target=\"_blank\" rel=\"noopener\">managing personal home finances<\/a> was done manually. Most families kept track of their funds using paper and pen, writing down income and expenses by hand.<\/p>\n<p>Luckily, money management in today&#8217;s world is easier and much more efficient &#8212; as well as more secure. Rather than depending on handwritten and outdated methods, <a href=\"https:\/\/lenpenzo.com\/blog\/id3925-100-words-on-the-importance-of-tracking-your-expenses.html\" target=\"_blank\" rel=\"noopener\">money management<\/a> now relies on relevant technologies such as mobile devices, apps, and the Internet. Because of this transition, banks are no longer the primary hub for financial activities. Most banks have online sites that allow you to personally handle a majority of your banking needs on your own at any time or on any day of the week. This technology takeover has also made possible other money management options, such as sending money online. What was once a complicated process is now as easy as clicking a button. In the event that you need to, say, send money to Brazil or anywhere else around the globe, you could do so in no time from your smartphone, tablet, or computer. A trip to the bank is no longer required.<\/p>\n<p>If you want to learn more about the changing face of money management, check out the following infographic for more information.<\/p>\n<p><a href=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2016\/09\/New-Face-of-Money-Management.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-39108\" src=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2016\/09\/New-Face-of-Money-Management.png\" alt=\"new-face-of-money-management\" width=\"800\" height=\"4643\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2016\/09\/New-Face-of-Money-Management.png 800w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2016\/09\/New-Face-of-Money-Management-768x4457.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p style=\"text-align: right;\"><span style=\"font-size: smaller;\">Photo Credit: phalli<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Due to advancements in technology, the ever-growing mobile trend, and society&#8217;s desire for convenience, the face of money management is evolving. In the past, everything was done manually and was centered on brick-and-mortar banking institutions. These banks provided all the necessary banking services for money management, such as deposits, withdrawals, and loan application and approval. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":39111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[454,458,469],"tags":[],"class_list":{"0":"post-39107","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banking","8":"category-credit-debt","9":"category-technology","10":"pmpro-has-access","11":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why the New Face of Money Management Is Making Walk-in Banks Obsolete<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lenpenzo.com\/blog\/id39107-why-the-new-face-of-money-management-is-making-walk-in-banks-obsolete.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why the New Face of Money Management Is Making Walk-in Banks Obsolete\" \/>\n<meta property=\"og:description\" content=\"Due to advancements in technology, the ever-growing mobile trend, and society&#8217;s desire for convenience, the face of money management is evolving. In the past, everything was done manually and was centered on brick-and-mortar banking institutions. These banks provided all the necessary banking services for money management, such as deposits, withdrawals, and loan application and approval. 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