Debt management is the key to wiping out your debt. Setting up budgets for our financial goals is essential. However, so is managing your debt. Although skipping a bill seems harmless, it might lead to severe consequences. Debt management is one way to get your debt back in control. Currently, the world is overflowing with debt. Today with the covid-19 pandemic, the demand for digital financial services is on the rise. The fintech revolution has helped address needs the legacy institutions weren’t able to. As more and more people are using smartphones, the shift to app culture and digital banking is spiraling. As a result, even big banks have gotten on board. Services that were once offered in-person, such as paycheck deposits, can be accessed via mobile phones. Tools that automate functions such as budgeting and payment of bills have become popular. Fintech automation helps you manage your student loan debt. It saves you both money and time. Your bills come in many formats’ shapes, and sizes. As a result, you might feel engulfed by reminders of utility bills or even student loan payment notifications. Fintech apps help you keep track of your accounts and when they’re due. Automation tools that pull your due dates together make them easy to spot. The tactic gives you a bigger picture of your upcoming expenses. Coronavirus pandemic has caused many businesses to close down. Companies have had to lay down some employees to mitigate its impacts. Consequently, most people have lost their source of income. It’s possible you might not pay all your bills. However, having them in one dashboard helps you figure what to prioritize. Making instant payments or scheduling direct bill payments saves you from visiting the vendor. It not only saves you time but also money. To visit each vendor requires you to fuel your car or pay for other means of transport. Thus, using your phone app can save you some bucks. Which is something everyone is looking to do. If you’re trying to pay down your debt, fintech is the way to go. Tally is a tool that functions as a middleman between the credit card holder and the company. Automating your savings makes saving as simple as possible.