Archive for the ‘Banking’ Category


Small Business Bank – How Specialized Banking Works for You

by como ·

If you’re opening a small business, you need a small business bank, pure and simple. Using your regular bank won’t net you the benefits that a specialized banking account can come with. No matter who you choose as a host for your banking needs, you always need to open a new account for a business. Never use your personal bank account as this can make it next to impossible to discern your business income and expenses from more personal sources. Always choose a new account, and look for a specialized bank whenever possible. The right bank will have a deep understanding of your business needs.

One of the most important features of a small business bank is an assortment of affordable banking solutions. Money is usually tight when you’re starting out. You don’t want to have a high minimum amount on your account that you can’t possibly sustain. If you need to make a large withdrawal for business purposes, you should know that you can do so without jeopardizing your bank account. It’s also important that you’re able to make deposits and withdrawals without a lot of fees. The right business bank will work with you so that you can maximize your profits early on.

Small businesses today are far different than what they were in the past. A mom and pop shop used to be a brick and mortar store with an easily-defined address and actual location. Today, many businesses are run online. You could be running your business from locations all over the country, or all over the globe. You can’t always work with the bank down the street. You need a small business bank that will go with you everywhere you happen to be. Online banking, mobile banking, and more are essential for a business banking account. You don’t want to be tied down to one location, and with the right account you won’t be.

When you’re getting ready to open a new banking account for your business, it’s important to take the time to do your research. Look into a variety of banking opportunities to find the small business bank that’s right for you. When you look at other offers, you’re sure to notice where the best deal really lies. It’s important to understand what’s out there so you don’t get sucked into the first well-worded advertisement you see. Compare your options and look for a small business banking account that provides all the services, benefits, and convenience you need to make your company a success.


Building Wealth Through double Duty

by como ·

Most everyone is in the wealth building business whether they know it or not. Everyone is working toward saving or investing for their future, the difference between saving and investing is the topic of another article but their is in fact a difference.

Most likely you’ve done some research regarding the best wealth building tools out there. Everyone seems to have a magic bullet. But when it comes right down to it most wealthy people have made their money through their business and/or proper management of their funds. There is a little known vehicle that is used by the majority of wealthy people to get their money to do “double duty.”

The vehicle’s technical name is an IRC7702, you’ve most likely heard of an IRC7702 being referred to as Infinite Banking or You Be the Bank. But what is it really and how does it allow for the most efficient wealth building?

An IRC7702 is an over-funded, maximized, dividend paying whole life insurance policy. I know it sounds strange that a life insurance policy could be used as a vehicle for building wealth but in almost all cases the wealthier someone is the more life insurance plays a role in their finances.

You Be the Bank and Infinite Banking is a way to use an overfunded life insurance policy to create your own private banking system and here’s where it gets really intriguing.

To explain the entire mechanics of how the system works would take hundreds of articles so I will simply explain how this special type of policy allows your money to work twice as hard as it usually can.

With You Be the Bank you are essentially drawing from your private banking system and giving loans to yourself and in turn paying them back plus interest just as if you had received the loan from a lending company. The difference is you will end up with all the principle and interest back in your own pocket instead of someone else’s.

This system could be implemented with any number of financial vehicles including a checking account, savings account, mutual fund, etc. The difference is this:

If you built your private banking system in a savings account, let’s say you had accumulated $40,000, and now you want to go out and purchase a car, lets say it costs $20,000. As soon as you took that $20,000 to go purchase your car your savings account would only be earning interest on $20,000, because you took $20,000 out to buy the car.

Now, if you had built your private banking system in a properly setup dividend paying whole life insurance policy and, just like the previous example, accumulated $40,000 you could take $20,000 out to go purchase your car and the account would continue to earn interest on $40,000.

Let me say that again, I’ve got a total balance of $40,000 in my private banking system, I proceed to take a $20,000 loan from that system, but my money will continue to grow as if I had not touched it.

An IRC7702 is the only vehicle available that offers this unique quality. Keep in mind this system is a very intricate and detailed process and you will need to speak with someone that has extensive knowledge of the Infinite Banking Concept, also known as You Be the Bank or Becoming Your Own Bank, in order to properly implement this system properly.


Banking Jobs In Bahrain

by como ·

Bahrain undoubtedly is the financial hub of the Middle East. It is also internationally known to be the most diversified economy in the Gulf region. Unlike other countries in the Gulf region that depend heavily on oil and gas production, in Bahrain, the contribution of this sector is merely 14% of GDP (2007). The most thriving sector in Bahrain currently is the financial sector. Thus, there is no dearth of banking jobs in Bahrain. These financial sector jobs have been increasing as the sector has seen ample growth over the past few years and Bahrain has become an attractive career destination for qualified expatriates in this field. Other than the financial sector, other booming sectors in the region include professional services, logistics, ICT, and manufacturing sectors.

Bahrain boasts of the highest and most transparent regulatory and supervisory standards in its financial sector and has thus become the most established financial hub which has attracted investors for businesses in this field. Despite being such a small country, it has attracted a lot of foreign investment in this region as it is the tried and tested ground for banking and insurance sector. In the region, there are more than 400 licensed financial institutions which contribute nearly 27% of GDP (2007). These institutions operate in banking, insurance and funds. Also, Bahrain is a hub for Islamic finance as the largest number of Islamic financial institutions is located in the region. Owing to these reasons banking jobs in Bahrain have become quite attractive to skilled professionals across the globe.

Bahrain banking jobs are very lucrative too. The prime reason for this is that it is a tax-free region. Thus, no taxes are levied on the compensation of an individual. This is a major puller for expatriates who throng the region to take up such jobs and make savings for a lifetime. These expatriates take up jobs on contractual basis and leave the country at the end of their term but by the time they leave, they save enough money to make the period of stay worthwhile. The quality and the standard of lifestyle offered in Bahrain are also world-class. Though one might find a huge difference in culture but with an open mind, one can enjoy the luxuries offered by the place. One has to be a little open-minded to settle well in the country and accept all the good that it has to offer.

To get a Bahrain banking job, one can apply through various mediums such as recruitment firms operating in the area, newspapers, job sites and also by directly applying to these banks that regularly advertise their vacancies on their websites. If going through a recruitment agency, it is always advisable to choose a certified agency because there are a lot of sham companies operating in this field who make unsuspecting job searchers a prey. Once short listed, the candidates have to go through a comprehensive selection procedure as the standards of selection in top financial companies are also very high. The employer becomes the sponsor of the expatriates who work in Bahrain. In your employment contract, there are other included benefits too. For instance, many employers offer housing, education for children and one annual free trip back home to employees. Considering these benefits, a banking job in Bahrain becomes a sought after one.

Despite the current economic downturn, Bahrains established status as the financial capital of the Middle East is ready to weather these tough times. The sector has seen a surging employment growth in Bahrain’s financial industry in the last few years. There is an emphasis on employing local Bahrainis as the countrys education system has evolved and is producing graduates ready to take up jobs. However, there is still a lot of demand for foreign workers. Prominent financial services companies operating in Bahrain include some big international names such as AIG, American Express, Bank of China, Citibank, European Islamic Bank, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Hanover Re, HSBC, Royal Bank of Scotland, JP Morgan, Lazard, Merrill Lynch, and Standard Chartered. The expansion of these firms in the region has ensured that more and more jobs are being created each year. Apart from banking, insurance and funds are the other two branches in the finance sector that are employing expatriates in large numbers.

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Discovering Untapped Investment Opportunities In Paraguay

by como ·

The hit of the global economic crisis coupled with the harsh and extended drought has transformed the once-vulnerable Paraguay, with its rich agricultural industry and extensive hydro-electricity resources, into an attraction for foreign investors

Canadian entrepreneurs and investors Neal De Florio and Daniel Wang, Principals of Monarca Capital, are smitten with Paraguays stable economy, high incentives, low taxes and abundance of water, extensive arable land and clean electricity, oil and gas. The strategic geographic location of Paraguay, nicknamed the Heart of South America is at the heart of the highest income region of the continent, which accounts for almost 50% of South America`s GDP, say the investors.

Wang and De Florio are in for the long run. They have worked diligently to identify a number of investment opportunities in Paraguay in the banking, agricultural, real estate ,and infrastructure sectors. De Florio says, Our first priority is to find the right partners in Paraguay, then we focus on the opportunities that are available to us in each of the specific sectors we have earmarked. Doing business with honest and ethical people is paramount to long-term success in foreign markets.

Monarcas long-term aim is to develop funds for multiple sectors with foreign equity combined with traditional debt and/or fixed income securities. According to Wang, investments into Paraguay would be best suited for the mid-sized institutional investor or high net worth private investors. He says, You wont necessarily find deep discount opportunities as you would in the United States after the financial crisis, but you will find exceptional opportunities below their intrinsic value and at discounts compared to its neighbouring countries of Argentina and Brazil.

The stigma of corruption in its banking sector cant be easily dismissed, but Wang believes the Paraguayan banking sector is solid due to much improved and notably stricter regulations under the direction of the Central Bank. The development of inter-banking systems has resulted in increased interest from international banks such as Banco Regional, which is 40% owned by Rabobank, HSBC, and Citbank, he says. The entrepreneurs are also encouraged by a recent press release announcing Paraguays two largest banksInterBanco, a unit of Brazils Ita Unibanco (NYSE: ITUB), and the local subsidiary of Spains BBVA (NYSE: BBV)both posting the biggest profits in the system from January to August of this year.

While Paraguay enjoys the backing of its international banking partners, it cannot be denied that only 20% of its population has access to financial services due to its extensive rural areas. De Florio and Wang have identified an opportunity in the very need to shift banking from the current 75% dominant sight deposits (similar to that of chequing accounts) to medium- to long-term financing and broaden banking participation. There are plenty of development opportunities to fill that gap. Paraguayan banks and the government are committed to achieving widespread access to financial services in the country, says De Florio.

In the real estate sector, De Florio and Wang strongly believe developing low- to middle-income housing is an opportunity to cash in on a strong demand to alleviate the housing shortage.

Nothing could be more surprising than Paraguays recent historical milestone. After a decade, Brazil decided to increase Paraguays compensation from $120 million to $360 million for its share in operating the worlds largest energy-generating plant, the Itaipu Hydroelectric Power Plant, jointly owned by Paraguay and Brazil on the Parana River. Paraguay will soon enter into the Brazilian energy market as the agreement will allow Paraguay to sell its unused power in Brazil. Investors can look forward to infrastructural developments with the replacement of obsolete electric transmission lines by 2012. The powerful lines will increase Paraguays current 10% generating capacity to correspond with its industrial growth. While other emerging agricultural sectors could account for a deficit because of inadequate water supply, Paraguays advantage of having extensive water reserves and arable land together with low energy costs will continue to boost agricultural investment incentives.

For Monarca, Paraguay is a country with unlimited growth potential and unrivaled benefits. With Paraguays equidistance to Brazil and the Atlantic Ocean and to Chile and the Pacific Ocean, and with Rio Paranas natural borders to Brazil and Argentina, Paraguay enjoys access to main commercial centres, free ports, regional ports, barges and transatlantic ships.. It is a land where the VAT is, at 10%, the lowest of all South American countries; a land where 0% is applied to import tariffs on capital goods, capital transfer for investments of more than $5 million, and payments of interest on foreign loans. And, Paraguay is the ideal country for a business platform for logistics and distribution centres, IT, call centres, financial services, light manufacturing, vehicle and machinery yards and tourism offices.

For other foreign investors, Paraguay awakens an anxious attraction. Moving in the direction of greater investment transparency, stricter guidelines and minimized risks and costs, Paraguay is positioned to break down its barriers and could prove to be among the first in Latin America to emerge as paradise found.

Priti Ramjee is the President of Stratagem North, Ltd., a Canadian company. Priti has been specializing in global opportunities for asset based lending for eight years.


How Bank Secrecy Affects Your Offshore Bank Account

by como ·

It may sound great to have an offshore bank account guarded by razor-sharp banking secrecy, but is it all that it seems? Here we explore what bank secrecy really is, and whether countries will actually enforce it to protect your privacy.

Bank Secrecy, also referred to as banking or financial secrecy refers to a legal principle which allows banks to keep their client information confidential. This is extremely important to protect against fiscal fraud and identity theft, but while in some countries like Switzerland or Panama breaking bank secrecy could land you in jail, in other countries it is routinely broken without penalty.

Why is this? There is great potential for fraud and/or money laundering if bank information is kept entirely confidential. Governments would be powerless to stop criminal elements porting ill-gotten money around at will. The US government was one of the first to introduce legislation to combat fraud with its 1970 bank secrecy act. This required banks to report suspicious transactions over 10,000USD.

After the 9/11 attacks it introduced further legislation within the Patriot Act that required even greater reporting requirements. The US government can now track every US dollar transaction in the world, since it must pass through a US correspondent bank.

The trouble is, governments worldwide have started to treat bank secrecy itself like a crime. Using the ‘terror-tactics’ of hype and exaggeration they have campaigned against bank secrecy as if its only purpose were to protect terrorists, drug lords and dictators. They really want it extinguished to find out about (and therefore tax) every cent of your income, whether derived domestically or abroad.

Bank secrecy is being slowly eroded, even the Swiss who can claim to have created banking secrecy with the 1934 Swiss Banking Act have agreed to certain concessions. The OECD, a Paris based think tank with no official authority has drawn up a model for international financial transparency and information sharing on tax issues. Many former tax havens have ‘repented’ and made concessions on their bank secrecy in order to avoid being put on an OECD blacklist of uncooperative tax havens. These include Liechtenstein, Andorra, Switzerland and Luxembourg. Monaco, Honk Kong and Singapore have said they will think about signing up.

While many tax havens will claim to have strong bank secrecy, not all will walk the walk. At the very least all countries will provide exceptions for matters relating to terrorism, money-laundering or other serious criminal offences.

Here’s an overview of the more popular tax havens and the effectiveness of their bank secrecy laws:

Switzerland – Although it recently pledged to sign up to the OECD model it still has some of the strongest bank secrecy legislation in the world. It has agreed to share information in cases where there is concrete evidence of tax evasion, otherwise the law remains unchanged. Unless somebody knows you have an account at a particular bank and has strong evidence of wrongdoing, you are well protected.

Panama – Has very strong bank secrecy, breaking it could result in up to 2 years in jail. Panama does not respond to foreign requests for information involving tax evasion, which it does not view as a crime.

Honk Kong – Still has very strong bank secrecy because it has no tax information exchange agreements with other countries (this means that it has no legal requirement to respond to a request for tax related information from another country), except with China. It is thinking about joining the OECD model.

Cayman Islands – Although it has very strong bank secrecy laws on paper, these have been waived under US government requests for information. They are unlikely to stand up against foreign pressure if it is an individual’s account at stake.

Although bank secrecy is important when thinking about your private offshore bank account, another important thing to keep in mind is visibility. If you park your money in Switzerland during a worldwide campaign against tax havens, it’s clear that you funds will be in the spotlight. A better solution may be to keep your money in a smaller country not regarded as a tax haven, where your home government is less likely to go looking.


What Every Parent Ought to Know about Cord Blood Transplants

by como ·

Privately banked cord blood and placenta-derived stem cells have great potential to expand a familys treatment options for a variety of serious and often life-threatening diseases. Whether youve taken the important step of banking your newborns stem cells or are just beginning to research the possibilities, you may be wondering what happens if you really need to use the banked stem cells.

Understanding the transplant process can help you make informed choices should your child (or perhaps another family member) ever need to use the stem cell unit for treatment. To help you learn more, heres what every parent ought to know about cord blood transplants:

What is a stem cell transplant?

A stem cell transplant is a therapeutic procedure used to treat patients whose stem cells are abnormal, weakened, or destroyed by disease or treatment. Healthy stem cells infused into the body can replenish themselves and transform into other cell types, including red blood cells, white blood cells and platelets, thus enabling them to replace the unhealthy cells. For therapy to be successful, the healthy stem cells must be transplanted and undergo engraftment and differentiation.

Sources of healthy stem cells include umbilical cord blood and the placenta, bone marrow, or peripheral (circulating) blood. A stem cell transplant may use stem cells taken from the patient, a family member or an unrelated donor.

How can a stem cell transplant help my child or other loved ones?

Stem cell transplants have been used to treat serious diseases in children and adults including various cancers such as leukemia, certain lymphomas, and many other diseases. To date, there are more than 80 diseases for which cord blood stem cell transplants have been used to treat patients. (1)

In addition, research is currently underway to find new medical uses for stem cells, including treatments for Alzheimers disease, cancer, Parkinsons disease, stroke, diabetes, Lou Gehrigs disease (ALS), cardiac repair and spinal cord injuries. In time, through the use of stem cells, beneficial treatments for one or more of these conditions could become a reality.

Why use privately banked stem cells for transplantation, instead of a publicly donated cord blood unit or bone marrow?

Private cord blood banking (also known as family banking) markedly improves the likelihood that a suitable transplant will be immediately available. More than 30% of patients requiring transplant therapy are unable to find a suitable match.(2) The best match is a perfect 6/6 or 5/6 HLA match for the recipient, meaning he or she will have the same six (or five) antigens as the patient. Without a privately banked unit, a search could take months and still be unsuccessful. The benefit of collecting and storing stem cells at birth is that, should the child develop any of certain rare, often fatal diseases, the childs stem cells will be readily available for transplantation and that may help in restoring the patients health. The childs stem cells will always be a perfect 6/6 match for that child.


Icici Bank And Intuit Launch money Manager

by como ·

ICICI Bank Ltd, Indias largest private sector Bank and Intuit, a leading global developer of business and personal finance management solutions, today announced the launch of “Money Manager”. It is an on-line personal finance management solution which helps banking customers understand their spending habits and organize their finances by providing them with details of all their ICICI Bank accounts on a single platform.

This web-based solution, available through ICICI Bank’s website, delivers the flexibility to focus on specific details such as earnings, savings, spends and loans. “Money Manager” makes it easy for customers to quickly and easily categorize their expenses and set and track a realistic budget to achieve their financial goals.

Mr Rajiv Sabharwal, Executive Director, ICICI Bank Ltd, said, Our Bank has always focused on innovation in technology for customer empowerment. Internet Banking is core to our technology prowess and we constantly innovate to provide path-breaking solutions for our customers on-line. Money Manager is a unique personal finance management solution which will give customers convenience of aggregating their accounts and providing output required for managing expenses.

ICICI Bank’s Smart Money Order allows you to send money online anytime, anywhere in India. Simply log on to and enter the address of the receiver and the amount to be sent. The funds will be delivered to your beneficiary’s doorstep. ICICI Bank’s Smart Money Order facility has been launched in partnership with India Post (The Department of Posts, Ministry of Communication and Information Technology, Government of India).

Money Manager is the latest in a line of Intuit offerings that improve peoples financial lives so profoundly that they cannot imagine going back to the old way of doing things, said Mr Alex Lintner, President, Global Business Division, Intuit Inc. Money Manager is unique to India and was specifically built for the market, while leveraging the insights and learnings from our Quicken and Mint products. As a result Intuit and ICICI Bank can deliver a world-class offering that addresses the unique needs of banking customers.

With “Money Manager”, ICICI Bank net banking customers can:
Aggregate all their ICICI Bank Accounts (Savings Account, Credit Cards, Loans, DEMAT etc.) automatically on one screen
It will automatically segregate transactions across different income or expense categories
Set their monthly budget and monitor the performance of investments
Get custom alerts on their balances, transactions and bill payments

“Money Manager” is currently available for all ICICI Bank Net Banking customers. It is a subscription based product with 90-Day free trial. Customers can visit to get more information.


Why Computer Skills Are Required For Jobs In Banking Sector

by como ·

Computer occupies an important place in many of the industries and they employ computer skilled personnel to carry out their jobs efficiently and effectively. This trend is found not only in companies but also in growing banking sector. The banks which provide a plenty of customer services like corporate banking, financial assistance, savings, and investment, find it easier to computerize these services. Internet banking is considered as a boon for all busy people, which makes it easy to transfer and receive money quickly. It also gives the exact information of the amount in the bank accounts.

Importance of computer knowledge in banks:

As the computers are dominating the industrial world completely, it is quite natural that banks also insist their employees must have basic knowledge in computer. This makes the fresher easily understand their jobs which are performed on the computer. Computer knowledge makes it easy for the fresher to get training for probationary officer posts and for clerical posts. In other words, the candidates can go for a computer course in a reputed institute for 6 months to gain more knowledge in computer and improve their chances of being hired in banks. Many banks have started to set this eligibility criterion to stress this point. Still some candidates may question whether computer skill is mandatory to join in banks. The answer is it is necessary as most of the banks are fully computerized and they have adopted the core banking.

Most of the private and public sector banks find the usage of computer is so essential to network between their branches and to provide faster and effective service. Hence, as most of the banks are moving towards the core banking, it is necessary that the candidates who are applying for banking jobs must have knowledge in DOS, internet, e-mail and MSOffice. It is very true that a clerk should know all the basics about using computer. This is compulsory in many cases and it is advantage for others. A probationary officer in banks must know about MSWord, MS Excel, Window operating system and they should have a sound knowledge in MS Access. Certifications in these courses are insisted in many cases. This quality proves to be essential to handle files, documents and records maintained in computer in different branches and banks effectively.


Cease the Bleeding in Your Retirement Account, Component two of 3 – Land Banking With ten Essential

by como ·

Farmland Investment Money

As with any investment fund, every agricultural fund will have it really is own parameters of investment and investment model, a Fund Supervisor or Investment Committee. Some will invest in farmland by yourself, others will acquire farming corporations, and other people will get support companies corporations. Most farmland investment funds will undertake to make investments in agriculture applying a selection of investment tactics covering all of the

Obtaining the best agriculture investment can be challenging for the inexperienced investor with tiny or no expertise of the sector, but there are of course a lot of unique selections offered which includes agriculture investment funds, direct agricultural land investment, and acquiring equities in agricultural organizations. In this document I will go some way to explaining the different choices, the pitfalls they present to investors, the mechanics of how every sort of agriculture investment functions, and the returns that are presently currently being achieved. You can also download?a entire agriculture investment information at the link at the bottom of this write-up.

To start with we will appear at the relevance of agriculture investment for the existing financial local weather, and whether or not this certain sector displays us the symptoms of getting ready to make development and cash flow.

The Existing Financial Climate

The world wide economic climate is nevertheless in a state of turmoil, and the Uk in unique is cutting back public shelling out to lessen an unmanageable nationwide credit card debt, the population is rising, and quantitative easing is possible to lead us into a period of prolonged inflation. Also, the lack of financial visibility suggests that it is pretty difficult to worth assets these types of as stocks, and curiosity prices currently being so small means that our dollars deposits are not creating any tangible revenue to talk of.

So what does this suggest for traders? It indicates that we want to get assets that have a favourable correlation with inflation i.e. they go up in worth quicker than the fee of inflation, these assets need to also produce an revenue to switch the revenue we have misplaced from dollars, and lastly any asset that we get need to also have a strong and measurable track record.

It is extremely distinct that agriculture investment, especially investing in agricultural land, displays the characteristics of progress, cash flow, a good correlation with inflation, is effortless to benefit, and has a obvious and evident track file to analyse, and as these kinds of agriculture investment ticks all of the applicable boxes to potentially grow to be the perfect asset class for investors today.

Agriculture Investment Fundamentals

The fundamentals supporting agriculture investment are quite simple to measure as the world wide population grows we want far more foods, to develop extra food we require far more agricultural land as this is the resource that delivers all of the grain and cereals that we try to eat, and all of the space to graze the livestock that conclude up on our plate. So we are dealing with a quite common question of provide and desire, if demand boosts and supply can’t preserve up, the worth of the underlying asset raises, so let’s look at some of the crucial indicators of provide and demand for agriculture investment.

The best Land Assset Group web site on the Internet

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How Older People Can Embrace Technology And Improve Their Lives

by como ·

Technology is normally associated with the young and the trendy. Cell phone and computer companies market the gaming and music abilities of their phones and computers. The phones come in fashionable colors with hip ringtones and flashy features.

Older people are seldom interested in all this, but the basics of technology, without all the extras, can come in very handy for older people. The elderly of today didnt grow up in a time where technology was as essential as it is today. They are scared to experiment and use technological devices such as computers and cell phones. That said, there are many elderly people who are quite competent in using their cell phones and computers but they are in the minority.

Technology can add to the comfort of the elderly and it can allow them to stay independent for much longer. The explosion in the technological device market has been phenomenal. If you can think of something to make your life easier and more comfortable, you are almost certain to find it.
While many of these devices might be unaffordable to a lot of elderly people, a basic computer and cell phone is within reach of many elderly peoples budget.

A cell phone is a wonderful device that allows older people to stay in contact. There are cell phones on the market with bigger buttons and screens that make it easier to use. Sending text messages is a daily occurrence in almost everybodys life. Staying in contact with loved ones and family or friends is very important in older peoples lives. Receiving a message from a loved one can brighten up a lonely persons day.

The advantages of computer technology to the elderly are more important than what most people realize. What is there that you cant do over the internet? Elderly people can be in control of their own finances by using the internet banking services. For someone who finds it difficult to walk or stand in queues, internet banking is a wonderful tool. The elderly person wont have to rely on others to get to the bank and they wont have to go through all the distress of actually visiting the bank. It wont only have an impact on the elderly persons life, but also on those responsible for driving them around and assisting them in these tasks. Many online shops provide an online grocery ordering and delivery facility as well.

Independence is the one aspect in the life of the elderly that should be nurtured and technology can do that.