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Managing your finances can be stressful.
Keep reading for a look at some of thepros and cons of using automated financial planning services.
A major advantage of these automatic savings deposits is that they make saving money easy and simple.
You dont have to think about it after you first set it up.
A similar service is automatic bill payments.
Financial advice has traditionally come at a prohibitive cost.
Automated Financial Planning Services: Cons
Here are some of the negatives about these services.
Data Security and Privacy Concerns
This is a big one.
The financial sector is the second most targeted industry by cybercriminals (the first is healthcare).
There are nearly two financial data breaches every day, and the risk of vulnerability is real.
While theyre great if your situation doesnt change, they cant replace your judgment.
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