Ease of Technology Can Actually Complicate Your Financial Life

From the rising threat of identity theft to making it easy to forget about automated subscriptions, technology doesn’t always make our lives easier. Here’s what to be aware of.

Neon squiggly lines and shapes look like tech glitches on a streaming service.
(Image credit: Getty Images)

In the past, we have written about ways to streamline your savings using technology or hacks to find great ways to save money, but just as technology can improve outcomes, there can be some ways it could actually complicate your finances.

Digital banking: Navigating risks and rewards

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Shane W. Cummings, CFP®, AIF®
Wealth Adviser and Director of Technology/Cybersecurity, Halbert Hargrove

Shane W. Cummings is based in Halbert Hargrove’s Denver office and holds multiple roles with Halbert Hargrove.  As Director of Technology/Cybersecurity, Shane’s overriding objective is to enable Halbert Hargrove associates to work efficiently and effectively, while safeguarding client data.  As wealth adviser, he works with clients in helping them determine goals and identify financial risks, creating an allocation strategy for their investments.