How should you make money decisions? Trying to manage a tight budget can be difficult enough, but even if you have surplus money it can be confusing where you should be putting it. But do you pay down debt? Or should you put more in a retirement fund? Could you borrow more and invest? Those decisions can be complicated and mentally draining, but automated solutions are emerging.
 
In this episode, I interview George Mathew about his money automation app ourLibra, which helps people repay their debts and optimize their assets in a way that is much less painful and time intensive than the current paradigm. To explain, the technology uses algorithm-based decision making to give you advice as to where to move your money between checking, debt repayment, retirement, etc.
 
Key points in the podcast:
-Personal bankers are too expensive for the average person, necessitating automation
-How automation will be huge for “regular” people’s finances
-OurLibra can help you with the problem of knowing where to move your money
-Eventually, technology will enable people to almost fully automate their personal finances
 
As always, you can subscribe to The Post Money Plan podcast here.