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How Clearing Digital Mess Can Help You Save Money and Feel Better


 

Many people today are struggling with digital clutter. This means having too many files, photos, apps, and emails saved on phones or computers. A new survey shows that more than three out of four people have more digital data than they need.

The research, done in early 2025 by Compass Datacenters, asked 1,000 people about their digital habits. It found that digital overload is becoming a serious problem, and most people don’t know how to deal with it.


Why It Feels Overwhelming

Sorting through digital files can feel stressful. Around 33% of people said the thought of organizing their digital space made them feel uneasy or anxious. Only a small number—about 10% felt sure of how to clean up their digital mess.

People understand that too many saved files can slow down devices and make it hard to find what’s important. Yet, most don’t take the time to delete old data. This is often because they don’t know where to start or feel it will take too long.


The High Price of Keeping Everything

Holding on to unnecessary data isn’t just bad for your device— it can also hurt your wallet. Cloud storage services charge monthly fees, and these costs add up. The survey shared an example: If someone starts paying $20 per month for storage at age 25 and continues until they’re 85, they could spend about $40,000 in total.

Many younger people are choosing to buy more storage space instead of clearing files they no longer use.


Easy Ways to Start Cleaning

Cleaning your digital space doesn’t have to be difficult. Begin by checking your photo gallery. Delete pictures that are blurry, repeated, or no longer needed. Doing this once a month makes it easier.

Then, look at your apps. Are there any you haven’t opened in a long time? If yes, remove them. You can always download them again later.

Your downloads folder and email inbox can also hold a lot of junk. Old receipts, random files, and unread emails can take up space. Try removing emails with attachments first—they usually take up more storage.

Instead of paying every month for cloud storage, you can buy a hard drive once and store your files there. These drives offer lots of space at a one-time cost that can save you money over the years.


Make Digital Clean-Up a Routine

Just like cleaning your home, organizing your digital life works best when done regularly. Pick a day every few months to sort through your phone or computer. It may seem boring at first, but it feels great once done.

By cleaning your digital space often, you can keep your devices faster, reduce stress, and stop spending extra money on storage you might not need.


Top U.S. Banks Cut Off Digital Data Sharing With OCC After Major Cyberattack

 

Several of the largest banks in the United States have curtailed or reassessed how they share sensitive data with the Office of the Comptroller of the Currency (OCC), after a significant cyberattack compromised the regulator’s email system. 

According to Bloomberg, JPMorgan Chase and Bank of New York Mellon have paused all electronic communications with the OCC. Bank of America is continuing to share data, but through what it considers more secure digital channels. The decision follows the discovery that hackers had accessed over 100 email accounts at the OCC for more than a year—a breach labeled a “major incident” by both the OCC and the U.S. Treasury Department. 

The hackers reportedly obtained highly sensitive information related to financial institutions, although their identities remain unknown. The OCC, a bureau under the Treasury, oversees over 1,000 national banks and savings associations, including the U.S. branches of foreign institutions. Among the materials potentially exposed are reports on cybersecurity protocols, internal vulnerability assessments, and National Security Letters—documents that may contain classified intelligence regarding terrorism or espionage. 

Banks have raised concerns about the extent of the breach and the OCC’s communication about the incident. Some financial institutions reportedly did not learn of the scope of the compromise until media coverage surfaced. As a result, there is growing distrust among regulated institutions regarding how the OCC has handled disclosure and mitigation. The OCC said it is actively working with independent cybersecurity experts, including Mandiant and Microsoft, to investigate the breach and determine whether stolen data has surfaced on the dark web. 

A contractor is also reviewing two internal communication systems—BankNet and another used for transferring large files—to assess whether they were affected. While JPMorgan and BNY Mellon have suspended digital transmissions, Citigroup has continued data sharing due to its existing consent order with the OCC. It remains unclear whether other major banks like Wells Fargo or Goldman Sachs have taken similar steps. Experts warn that the breach could enable targeted cyberattacks or extortion attempts, as the stolen material may offer insight into institutional vulnerabilities. 

According to former Treasury CIO Eric Olson, the exposed data is “as sensitive as it gets.” The incident has drawn attention from Congress, with both the House Financial Services Committee and the Senate Banking Committee seeking more information. Experts view the banks’ decision to reduce data sharing as a sign of eroding trust in the OCC’s ability to safeguard critical regulatory communications.

Fund Manager Outlines Digital Data as Rising Asset Class

 

In a recent dialogue, Roundtable host Rob Nelson and Lisa Wade, CEO of wholesale fund manager DigitalX, explored the burgeoning data revolution, discussing the profound implications of data ownership and the transformative potential of Web3 and blockchain technology on traditional economic and investment frameworks.

Nelson initiated the conversation by emphasizing the dawn of the data revolution, highlighting the significant potential and influence of owning personal data. He suggested that as society becomes more aware of this potential, innovative applications of data will emerge, reshaping financial and economic paradigms. This perspective aligns with the growing belief that traditional economic models may soon be supplemented or challenged by new principles driven by advancements in data science and technology.

Wade contributed to the discussion by expressing her enthusiasm for recognizing data as a crucial asset class and the role of Web3 (and potentially Web5) in redefining data ownership. Her insights envisioned a future where individuals have control over their data, disrupting the traditional narrative surrounding data ownership. This shift, she argued, not only empowers individuals but also makes data more attractive for investment, diverging from the current landscape where personal financial information is fragmented and susceptible to online threats.

Additionally, Wade elaborated on DigitalX's innovative investment approach, employing a "universal scoring matrix" that utilizes data asset classifications to develop investment algorithms. This approach symbolizes a shift towards a new financial era where investment strategies are increasingly influenced by network effects and the intrinsic value of cryptocurrencies, rather than conventional metrics such as the Federal Reserve’s risk-free rate.

Referencing a Citigroup report, Wade described the current period as a "financial revolution," emphasizing the transition towards new financial models centered around staking rates within reputable networks. This transition is not merely theoretical but is being put into practice by DigitalX, demonstrating the tangible implications of these concepts on investment strategies and the broader economic landscape.