When it comes to finance, you need your information to be in real time. The markets today move quickly and you need a way to keep up with them. There is no more convenient way to do so than through text alerts.

What about my finances should I be monitoring in real time?

There are many things about your finances that need up to the minute reporting. If you have any plans to make a big asset purchase in the future, then the time to get your money together is now, not later. Your credit score is one of the most important aspects of your personal life.

With the prevalence of ID theft today, you can lose your ability to make a house or a car purchase in a matter of seconds. If you find out that your credit information has been stolen months later, it may be too late to make a change to your record - you will be stuck with the results of something that someone else did to you!

It is much easier to reverse the negative effects of ID theft if you catch it earlier. You can receive information about suspicious credit activity in real time if you receive text alerts. Imagine being fully protected from ID theft under your own power without having to pay hundreds of dollars for a credit protection services that may not even inform you in time!

You should also be able to keep up to date with the many financial announcements that directly affect your personal well being. With text alerts, you will understand the financial markets much better because you will be able to see the news as it happens.

- Monitoring Your Personal Accounts

Have you ever been in a store waiting to make a purchase unsure about the amount of money that you had in your account? There is usually no way that you can check your balance in a timely fashion: You either have to risk making the purchase and incurring late fees or incur the embarrassment that comes with stepping out of line and being unsure about your personal finances.

With text alerts, this becomes a nonfactor. You will immediately be able to view your personal accounts and determine whether you have enough cash or credit to make the purchase at hand.

- Denied Transactions

If you have ever been through the embarrassment of a “transaction denied” interaction while trying to make a purchase, odds are that part of the embarrassment comes from not knowing exactly why your credit cards are not working at that time. If you receive text alerts, then you will be able to rectify the situation immediately. You may be able to correct a mistake that did not have any business happening in the first place. This is also how many people find out about identification theft and suspicious credit transactions that are on their record.

– Keeping Up with Bills

In the course of day-to-day life, it can be quite difficult to keep up with all of the bills that you have to pay. In many cases, people will only become aware of an overdue bill when the lights or electricity go off. If you are taking text alerts, then you do not have to worry about these large inconveniences because of a small bill.

Text alerts can keep you aware of bills that you have to pay well ahead of time. This way, you will also avoid the penalties and late fees that come with overdue bills, saving yourself a great deal of money at no cost to you.

– Posting Payments

You may not have a problem with keeping up with your bills. However, this does not mean that all of your creditors keep records as stringently as you do. Getting text alerts about payments that have been posted is a great way to automatically keep a record of bills and debts that you have paid.

If a creditor sends you a bill twice for the same debt, you may have a great deal of trouble getting your money back if you pay twice. If you have the ability to receive notification of payments that are posted on your behalf with the text alert, then you will always have a record on hand of things that you have paid off. This will help you avoid a great deal of trouble if you ever have to go to court against the creditor. It can also help to avoid litigation, as many unscrupulous creditors will be sufficiently warded off after they see that you have a consistent and accurate record keeping operation.

– International Transactions

If you travel overseas with any frequency, then you should receive text alerts for your convenience. Many foreign countries do not have the same safeguards over your money that your home country may have. If you do not have a credit card that is compatible with the country that you are traveling to, you may also run into some financial situations that can slow down your productivity overseas.

Keeping up with international regulations as well as your own records through text alerts will ensure that you do not have any sticky situations overseas. You will know exactly how to pay for things no matter where you are in the world. You will also have the ability to record all payments so that you can show records to your credit card companies if there is some unscrupulous activity while you are across the border.

– Overdrawing an Account

One of the best reasons to have text alerts on hand is to keep you informed of when you have overdrawn account. Most banking institutions have severe penalties for overdrawing accounts; however, there is usually a grace period before they assess these penalties. If you are notified of the overdraft before the grace period ends, you can rectify the situation before the penalties are assessed and you lose money for no good reason at all.

– Investments

Your investment portfolio should be something that you keep up with on a day-to-day basis. However, if you are constantly on the move, it can be difficult to receive all this information on a mobile phone. Text alerts are the best way to keep up with all the action in your accounts without having to look over complicated graphics or sign into your banking institution every time you want to look at a transaction.

These are only a few of the reasons that you should sign up for text alerts. With the ability to save you all kinds of money and make your life more convenient, why would you do anything else?

Similar Articles:

• Ace Elite Visa Prepaid Card
• What is the best way to organize my credit cards?
• 3 Foolproof Tips for Better Credit Health
• 4 Ways to Protect Your Credit From Fraud
• Is there a place to find my credit card balance online?
• Repairing Identity Theft
• How do I find out how many credit cards have been issued in my name?