We’re able to check our bank balances when and wherever we want and we can download apps that allow us to record our income and expenditure, so are there any foreseeable issues not only for me but for others in this easy access to our financial information?
I have recently come to a realisation that checking my bank account and accounting for every penny that I spend might have actually become my addiction. I have a very small savings pot that earns next to no interest, but won’t think twice about checking my accounts many times throughout the day and reviewing my expenses on my mobile even if I know that I haven’t spent a thing , reconciling the two.
So is this my addiction or paranoia?
I know that banks invest heavily on security and I make sure that my credentials are not shared with anyone, but you still hear stories about big companies having their customers information hacked, so am I just checking my accounts to make sure that my balances haven’t changed last time I checked, do I just like to see the numbers or is it just plain paranoia.
So what is the problem?
Some of you might ask why I see there being a problem in checking my account so often, well as I see it there are some issues in checking my accounts regularly, I can sometimes feel a sense disappointment if I allow the account to drop below a certain savings level, I can sometimes overly think essential purchases sometimes looking for the cheapest and not the best for what my wife and I need and lastly it is potentially holding me back from the things that I want to do financially in my life.
So what am I going to do?
I’d like to say, make an effort to check my bank account less, but to be honest I know I won’t and I will continue to check twice or more daily in the hope that one day it has magically increased or stayed the same at the very least. Daft I know, but I take solace in the fact that I can’t be the only one.