May 12, 2016
When most people think of saving money, they might jump immediately to sales, coupons, or something that involves a purchase. But the truth is, solutions to saving money might not be found where you expect them. In fact, mobile apps may be the secret to getting a handle on your finances. Let’s take a look at five mobile apps that can help users save money.
There is a reason that companies spend so many resources tracking their finances. Unless you know where the money is coming in at and how it is being spent, it’s impossible to move forward on your fiancial goals.
Individually, there are apps that work wonderfully to help you take the guesswork out of navigating your spending habits. Apps like Mint and Cashbook allow you to see your money in new ways and can also show where your financial pitfalls are.
If you’re like the average person, tax season is a time of dread. Keeping track of your financial situation doesn’t just give you a financial advantage; it helps you find deductions every year. One of the most popular apps, Shoeboxed, records your receipts and categorizes them by expense at the end of the year.
Taxes made easy, right at your fingertips.
Right as apps began to rise in popularity, cheap fuel apps were one of the most popular searches. It makes perfect sense – smartphones can combine location with a detailed map to direct you to whatever you’re looking for. For finding the cheapest fuel near you, Gas Buddy is one of the best options. And if you can save on one of the biggest daily expenses, why wouldn’t you?
When developers first explored the possibilities of integrating purchasing software with mobile devices and payment processing, retailers wondered if it was even possible. But then the rise of online shopping proved otherwise. Now, retailers are exploring how recommendation engine can help bring in new customers.
Sure enough, apps like Shopkick began to show great promise, with the focus on targeting in-store recommendations alongside options to pay for purchases. Apps like Shopkick are changing the future of digital shopping.
The biggest advantage to an app that analyzes, tracks and provides recommendations for regular purchase patterns is the fact it can be integrated with other money-saving apps like budgeting systems and coupon providers. That leads to a win-win situation for you, the consumer.
Outside of housing, food is one of the most expensive parts of an individual’s budget – and for good reason. Most shoppers either don’t take advantage of special offers or can’t because they don’t have the time to commit to coupon clipping or spending hours comparing deals. Apps like GroceryIQ solve many of these problems by providing features like store locators and coupon aggregation systems within the app. Combining this with a payment processing service, apps like this can be a powerful way to cut expenses and get better deals in the process.
Mobile devices are more than just sources for checking your email and checking the latest in social media. The rise in popularity of apps can help make your financial life easier as well. Utilize these apps to save money, and have fun doing it too.
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