Posts Tagged

finances

I like to think of myself as a hard worker with a time-wasting problem. I don’t procrastinate. I just accidentally get caught up in tech articles, Instapaper and Twitter. I need all the help I can get to stay on track.

That’s one of the reasons I was interested when I heard about Mobile Worker, a time management app that was supposed to be perfect for freelancers and independent contractors. The app helps you stay organized and ensures efficiency. For me, I just needed a little extra kick in the pants to keep going. I downloaded the free version of the app to see if it would give me what I needed. Read on for my thoughts.

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Google Wallet was launched this week! Just as Gmail is Google’s take on email and Google+ is Google’s latest take on social networking, Google Wallet is Google’s take on paying for stuff. (For more about the technology that powers it, check out this morning’s post, Is NFC Really the Future of Payments?)

The idea is, instead of swiping a card or handing over cash to pay for something in a store, you can tap your phone on a special reader device, which will send the payment from whatever credit card you’ve authorised on your phone.

It’s very early days for this: so far, it’s only been rolled out to Sprint users, in the USA, with a Nexus S 4G (if that’s you, then your latest OTA update will include a new Wallet app), and the only credit card that can be used with it is the Citi MasterCard – though you can use a Google Prepaid Card instead, and top it up with new funds via any other credit card. Plus there are only a handful of places that accept this method of payment for now.

Personally, I’m not overwhelmed with excitement for it as it stands – I’ve no plans to move to the USA and buy a new phone just to try it out. And I’ll admit that, on paper, it doesn’t sound like a big deal: you’re just tapping instead of swiping.

It’s the first stage in a bigger movement, though. If you have a Kindle, you’ve probably seen how convenient Amazon’s 1-Click payment is when you want to buy a new e-book; it’s not that much faster than getting your credit card out and typing in the details, but it’s just that bit easier.

More exciting is the idea of consolidation: a credit card is just a piece of plastic with some basic data stored in it, but an app holds so much more potential. When I go to the supermarket, I swipe my loyalty card and my credit card separately; if I’ve received any loyalty coupons I have to remember to take them with me and swipe them as well. If all that’s stored on my phone, then presumably I’d take care of that with a single tap-to-pay.

I expect that some clever developers will write apps to let you keep track of how much you’re spending, on what, and where – like Mint, but without necessarily knowing everything about the contents of your bank account. This will be great for managing personal finances.

All that is a few years off, though, even assuming that Google are on the money with this one (it wouldn’t be the first time they’d poured a lot of time and research into a new “solution” for some problem that eventually failed).

So, I remain interested, but not too excited for now. What about you?