What I read
The article “Do money apps make us better or worse with our finances?” by Padraig Belton says that money applications have been rapidly growing for many years in order to resolve problems about lack of tracking records for spending history that causes some people to run out of money. In terms of benefits, these money applications aim to provide tracking on spending history and displaying debit and credit accounts in one place and also pointing out what customers spend the most on. However, the author thinks that the money application might be not good at all because it is easy to make a spending and withdrawal so this point of convenience may become dangerous.
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My response
When I read the article "Do money apps make us better or worse with our finances?" at the first glance, it is really attractive to me, especially, the word "money apps". This word makes me think about how to manage money effectively which is the popular topic for today's conversation. Many companies try to bring more technologies to help people finding the way to manage their money and apps are one of the most solutions that we have right now.
Nothing in the world is perfect. I totally do agree with the author that the money apps have both advantage and disadvantage. The advantages do not just help to see the financial historical transaction but also we can use this data to predict the future budget for using in daily life. However, the money apps still have some disadvantages and one of the good examples apart from article is the quality of security that is important for us to have a concern.
Nothing in the world is perfect. I totally do agree with the author that the money apps have both advantage and disadvantage. The advantages do not just help to see the financial historical transaction but also we can use this data to predict the future budget for using in daily life. However, the money apps still have some disadvantages and one of the good examples apart from article is the quality of security that is important for us to have a concern.
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My question
Most people in the world have some concern on money and how to make more money or how to manage money effectively. Nowadays, there are a lot of guru who try to provide the theory of their thought to help people understand how to make it happen but the success rate is only 5% so do you think why they cannot success? And if you are the guru, what's kind of method that you will suggest to other people?___________________________________
Reference
- Belton, P. (2019, February 5). Do money apps make us better or worse with our finances? Retrieved from https://www.bbc.com/news/business-47075429
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