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Is It Time For A Digital Cleanse In Your Life?

With an ever-increasing digital presence across our personal and professional lives, it can be very difficult to disengage and refrain from using technology. Detoxing from digital devices is often seen as a way to focus on real-life social interactions without distractions, and can be a beneficial boost to your wellbeing. Letting go of the digital device’s hold over you can oftentimes alleviate some of the stress that results from the constant and continuous connectivity.

The following is a list of some of the physical and mental signs that may indicate a dependency on digital devices:

  • Heightened levels of anxiety/stress if you can’t find your phone
  • A compulsion to check your phone every few minutes, even if nothing has changed
  • Social media leaves you feeling depressed, anxious or angry
  • You have trouble concentrating on one thing without having to check your phone
  • You often find yourself staying up late or getting up early to play on your phone

What Could Be Impacted By Using Digital Devices Continuously?

  • Heavy device use can interfere with sleep quality and quantity, with adverse effects on sleep and mood from social media checking before bed also being an issue.
  • Increased risk for mental health problems
  • Constant connectivity can impact your work/life balance
  • The constant digital connectivity can make you feel that you’re missing out on events in other people’s lives.

How To Do A Digital Detox

  • Disconnect in accordance with what your schedule and life allow – pick a time to completely turn off devices and focus on spending time without any electronic distractions.
  • Setting limits and boundaries on when these digital connections are allowed to intrude on your time can be good for your mental health
  • Remove distractions throughout the day by checking all of the notifications from your apps during a specific time of the day.

Implementing a digital detox into your life does not have to be a dramatic solution. Find what works for you to better improve your mental and physical well-being, and reduce the impact that your digital devices may be causing you. 

If you’re someone who often finds it difficult to make large lump sum payments for goods or services, you may want to consider looking into “Buy Now Pay Later” services.

Buy now pay later essentially means that, rather than paying in a full lump sum payment for a product or services rendered, there may be an option to pay through instalments of a certain amount over a set period to make the sum of the full amount in total. This method should allow you to pay in full for the product or service without overly straining your finances – you pay back what you can, as agreed upon when you begin the buy now pay later service.

Some popular buy now pay later services include Afterpay, Zip Pay, Brightepay, and some credit card networks such as  Mastercard and Visa, can offer buy now pay later arrangements.

Though it can be a convenient, immediate solution, it may be challenging to juggle the necessary repayments with other financial commitments. It’s not always the most appropriate method for people, and you should bear in mind your situation and ability in paying back the amounts. 

Before you sign up, keep in mind: 

  • It becomes easier to overspend with buy now pay later services, so know your limits on what you can and can’t afford.
  • You will be charged fees and costs to use the service, which can add up to a princely sum in and of itself.
  • Keeping track of your payments can be tricky if you’ve signed up for multiple services.
  • It could affect your loan applications for a car or mortgage as lenders consider buy now pay later spending just as much as your credit score.
  • Late repayments can appear on your credit report, which affects your ability to borrow money in the future.
  • Layby can be a cheaper alternative to buy now pay later, with no account-keeping or late fees to consider

If you are someone who could make use of BNPL services, you may wish to:

  • Ensure that when using the BNPL service, you stick to a set limit on what you spend so that you can comfortably pay it back later. 
  • Aim only to have one BNPL account at a time to manage payments through, rather than confuse yourself with multiple payments across different providers.
  • Always budget for bills, loan payments and BNPL payments, and 
  • Rather than use your credit card for payments to your BNPL account, consider linking to your debit account instead.

If you would like assistance in planning your financial future, help in managing your budget or some friendly advice, see us for a chat about what we can do for you.

Testimonial

What our Client Say

John Briggs

Jane Noller has been my accountant for the last 15 plus years. I can testify to Jane’s professionalism and expeditious manner in dealing with the day to day issues that surrounds our business accounting.

John Briggs

Registered Building Certifier

David and Alison Parker

I have been consulting J L Noller and Co. (more specifically Jane) for six years and during this time I have found her to be professional, efficient and easy to discuss all accounting and taxation matters with. Her office team are all polite and friendly also.

David and Alison Parker

Business Owner

Carl Gillmore

I have used Jane & the team for the last 6 years for all of my business & personal accounting needs. They have always been professional, easy to talk to & available when we have needed assistance.

Carl Gillmore

Carl Gillmore Landscape

John Briggs

Jane Noller has been my accountant for the last 15 plus years. I can testify to Jane’s professionalism and expeditious manner in dealing with the day to day issues that surrounds our business accounting.

John Briggs

Registered Building Certifier