TECHNOLOGICAL ADVANCES The development of financial technology machinery has increased the storage capacity and speed of financial transactions exponentially. But, they can also bring my activities to a halt.
For example, I find that many computer programs also known as apps inhibit the ease of use rather than encourage simplicity.
I did not grow up with the latest financial technology machinery. In fact the most complicated mathematical technology was the slide rule primarily for engineering questions. This is a sample of the pre-computer computer, the slide rule from cheerfulcurmudgeon.com
In addition to that was the electric adding machine which has evolved over the century. They still exist but can not fit in the relatively small space of a slide rule and today’s especially small smartphone. A slide rule is also known as a slapstick.
HOW MONEY IS EXCHANGED
It is still possible to pay for things in person with cash. In addition, things can be paid for through the mail by check, money order, or credit card. Today the most popular means of payment is by credit card in person or online. Rarely do I carry cash as I prefer to pay by credit card in person and online.
Guide to Choosing a Credit Card from Upon Arriving.com
Pre-My History Before the slide rule going back thousands of year was the abacus. Although it is of unknown origin, it actually had the ability to solve mathematical questions very quickly. It was also known as a calculating tool from Wikipedia. Here is what one looked like.
“Technology is the application of knowledge for achieving practical goals in a reproducible way” according to Wikipedia. There is no question that financial technology machinery has impact our world in ways that one can barely imagine. In spite of this, there are times when I wish I could return to an old fashioned ledger to keep track of my monthly numbers. Is this a possibility or just a nostalgic fantasy?
Boorum & Pease 66 Series Account Book, Journal Ruled, Green, 150 Pages, 12-1/8″ x 7-5/8″, Blue from amazon.com
SOURCES & RESOURCES