There are many reasons why you would want to use apps, but the biggest one is that apps can save you money.
Usually, when we write about apps here on this blog, we are talking about financial apps that help you write and follow a budget, or automate your bill-paying and savings. But other kinds of apps can save you money too.
For instance, there are travel apps that help you find the cheapest hotels and airline tickets. There are gas apps that help you save money on your road trips. And there are shopping apps that help you find the best deals when online shopping.
We are in the final quarter of the year, a time filled with holiday expenses and great risk to your budget goals. Finding ways to save money while you enjoy all the things you love during this upcoming holiday season is going to be key to your financial health.
Let’s look at some of the most popular apps and how they can help you save money.
Financial apps can save you money by helping you to improve your credit score. As we’ve discussed in previous blog articles, a bad credit score costs you money. If your credit score suffers from a habit of paying your bills late, apps will make sure your bills are paid on time. Apps can also help you create a budget, manage your income and expenses and reach your savings targets.
Budgeting and tracking your money are the only ways to get out of a paycheck-to-paycheck existence. But budgeting can be a tedious process and some of you may simply hate the process.
Mint is probably one of the most popular apps. With Mint, you can create a workable budget, track your bill payment and check your credit score.
You Need a Budget is awesome for helping you visualize your budget goals and financial dreams.
Albert is perfect for those of you who want an app that will also function as a money manager. Once you connect your bank account to Albert, it will analyze your expenses, income and overall financial health. The app creates savings goals for you based on its analysis of what you can safely afford. Then, Albert automatically transfers the money into a special Albert savings account.
Tracking your money is the only way to make sure you have money to meet your financial objectives. Keeping track of out-of-pocket expenditures that you make throughout the day is a bit more challenging. Wally is an app that scans your receipts and produces an accurate digital database of your out-of-pocket expenses. No more lost or forgotten receipts.
Are you having trouble meeting your savings goals? The Acorn app can help you with this. Acorn will automatically round up your credit card purchases (once you have linked them to the app) and put that money into your savings accounts. You never see the money, so no temptation to spend it. A great example of how apps can save you money!
Shopping Apps Can Save You Money
Black Friday is fast-approaching, but a bigger retail holiday is Cyber Monday. Even outside of these mega-events, online shopping has become a worldwide phenomenon.
Honey is a browser extension that helps you find coupons. It automatically applies the coupon savings when you check out. The app can be used at more than 30,000 online shopping sites.
Your favorite online retailers such as Amazon.com or Walmart.com also have shopping apps to help you locate the best deals, reap cash-back rewards and coupons.
There are many excellent shopping apps that are product specific. Newegg, for example, provides you with quick access to user reviews, product comparisons, flash sales, and even mobile-only offers. It’s a good app if you are shopping for computers and electronics.
Do you love to go on road trips? Gas apps can save you money by helping you find the cheapest gas prices along your route. The most popular app is Gas Buddy. A free app, it will help you find nearby gas stations, the best prices, as well as other amenities, to make your trip more comfortable (bathrooms, restaurant, etc.)
Waze also has a feature to help you find the best gas prices. The app does depend on user input, so some cheap stations might be overlooked.
The bottom line is that apps can save you money. Whether you are trying to reach your savings goals or get to family and friends on a small budget, apps can save you money.