So much of our lives now are online. In many ways it's a fantastic development and provides opportunities we could only have dreamed of a generation ago. However, there are some instances where an easier life could actually disrupt your finances.
Going paperless might save you a few quid and cut down on the bits of paper you have stuffed in drawers, but not having a physical copy of a bill or statement can prove problematic. Though most of these annoyances are fixable, it's worth knowing what you might face.
Here are five times going fully digital for your bills and banking might not be the best idea.
1. When you need to prove your address
How often are you asked for proof of your address? From opening a bank account to getting finance for a new car, more often than not you need a recent bill or bank statement with your name and address printed. If you've gone paperless, you might struggle to find something when you need it.
This is even more difficult if you have split your bills with your partner or housemates, reducing even more the number of bills in your name in the first place.
2. When you need to show pay and spending history
When you apply for a mortgage, you usually need to supply the last few months of payslips and bank statements. This is to allow the lender to assess just how affordable a mortgage will be for you.
So if you receive your payslips online, it's a frustrating experience when you have to the backorder enough for your applications. You'll need to do the same with bank statements, and this can come with a fee.
3. When you need to access closed accounts
Sometimes you need to find information from an old bill, or check the date you paid for something by credit card – unfortunately if you've closed down an old account it could prove difficult getting hold of that information.
4. When you forget to check what you've been charged
Apps and online banking make it easier to check your balance, but without a prompt in the post to check what you've been charged it's much easier to miss incorrect payments, double charges and missed transfers.
Not only could you pay more than you thought, there's an increased risk you'll go overdrawn or be charged penalties.
5. When you're not careful with security
If your bank details are at home, there's less chance anyone can steal your data or money. Yet when this information goes online, it's possible for people to hack into your accounts.
It's key here that you don't use the same email address, log in and password as you do for other accounts.