If you’re someone who belongs to today’s tech savvy generation you must have often faced questions from your parents about how to use Skype or how to transfer files from the phone to the computer. You probably wonder why it’s so hard for your parents to master a simple video calling technology. You may have tried to teach them a few times and then given up, thinking it was no big deal, but we are to tell you that it is.
Technology can make your parents' life easier and stress-free, so it would be very thoughtful of you to teach them how to use it best. You don’t know it yet, but you’ll be doing them a huge favour.
Here are 7 things you can teach your parents right now:
1. Online banking
Your parents handle various monthly payments, maybe unbeknownst to you, and online banking can eliminate the tension of going to the bank every month to drop a cheque.
Your parents may be hesitant to start banking online even though they know it’s free, easy and secure. Sit down with them, understand their concerns, and help them see how online banking will make their lives easier. Show them how to set up a direct deposit, how to do an IMPS/NEFT money transfer and how to automate payments. They need to know how easy it will be to send money to other people, transfer funds between accounts and view transactions, if done online.
2. Buying and monitoring insurance online
If your parents are among the prudent few who have already bought the necessary insurance- at the very least life, health, critical illness and motor- they will need to make regular premium payments to ensure they are always protected in case of an unfortunate event. Let your parents know that they can buy new policies, renew old policies and even manage premium payments – at the tip of their fingers! To get them started, give them this Dummy’s Guide to E-Insurance Account. If they need even more convincing, show them these 8 reasons to buy insurance online.
3. Mobile banking apps
One step ahead, is mobile banking. Everyone owns a smartphone now and mobile banking is catching on in India. Mobile banking offers the same level of security as regular online banking. It’s time you taught your parents how convenient it is to monitor their bank accounts on the go without having to worry about finding a laptop or a desktop computer.
4. Personal finance apps
This is something your parents and even you can definitely benefit from, whether you are going to college and depending on pocket money, or earning your own salary. You won’t become a millionaire overnight but personal finance apps will help you keep track of your expenses and budget better. There are several apps available today in the market like Mvelopes, Goodbudget, AndroMoney and more. Mvelopes, for example, is considered the best available app in the market by users, and will prevent you from exceeding your monthly budget by tracking expenses in real-time.
5. Online shopping
More and more people are opting to ditch the malls and are shopping online because of the huge variety available, cost effectiveness and convenience. Your parents too can benefit hugely from these online shopping websites and apps. For you it may be all about apparel, technology and food, but your parents can shop for your groceries, medicines, and even home décor! All from the comfort of their home. Plus, they can enjoy discounts and on-site deliveries.
6. Online Healthcare and apps
With age, healthcare takes the centre-stage in our lives, making hospital visits a routine. Teaching your parents how to book appointments online or having medicines delivered at home can be very helpful for them. Apps like 1mg and NetMeds can save them from having to make rounds to the pharmacy for every little thing. Fitness and nutrition tracking apps such as Fitbit, Fooducate, MyFitnessPal etc. can help them keep their health in check while apps like MediSafe can remind them to take their medicines on time.
7. Online travel booking
Taking a holiday or booking a flight has never been easier thanks to websites like Yatra, Cleartrip and MakeMyTrip. So the next time your parents want to book a train ticket to come visit you, they’ll know how to do it the easy way by booking online. However, make sure that they get themselves the right travel insurance policy so that they truly have a safe and secure trip.
8. Intra-city transport apps
Even travelling in the same city has become effortless with cab services such as Ola and Uber that allow you to book cabs through your phone. Not only can you have them called to your location, these apps also give you real-time tracking. Parents can benefit it from a lot since they would not have to walk to an auto stand and wait for one to show up.
If you teach your parents how to better manage their lives using the latest technology available today, then you empower them to be more confident and to make informed financial decisions. In the long run, this could be the best thing you could do for them.
While credit cards come with a host of benefits, they must be used carefully, and never in these situations!