How Technology Could Save You Money

Technology has changed the world in so many ways and it would be hard to imagine a life without it. With phones costing upwards of $1,000 and the latest TVs reaching prices of $10,000+, it’s easy to associate tech with taking money out of your pocket. Let’s switch that up and consider if there are ways that tech can actually put cash into your pocket. Interested to hear more? Let’s start with how you can get access to quick cash using your phone. 

Lending Money

Your phone or laptop can help you finance a big purchase by giving you access to a huge selection of private lenders. You can compare each provider based on different factors including interest rates and repayment terms. Applying online is easy and fast and, once approved, the funds will be in your bank account ready to use quicker than if you were to go to your local bank.  

Savings App

There is a huge range of apps that are specifically designed to help improve money management and financial awareness. If you’re terrible at saving, it’s time to download a savings app to your phone. Most are very user-friendly and come jam-packed with useful features like smart money tracking. You input your income and expenses and the app will use an algorithm to establish how much you can save each month without affecting your lifestyle.

Smart Thermostats

Do you feel anxious every time you think of how much your next energy bill will cost? Most homeowners do so you’re not alone. The cost per unit is constantly increasing so it’s important to embrace new technologies that may help to lower the cost of your bill. A smart thermostat is the perfect place to start. Smart thermostats are replacing programmable thermostats for plenty of different reasons. They’re more intuitive, giving homeowners the opportunity to heat and cool specific rooms to the right temperature. A smart thermostat will learn from your behavior and, after some time, it will make changes on its own. 

Coffee Machine

Do you spend a lot of money on drive-thru coffees? Have you ever added up how much, on average, you spend on coffee each month? We’re sure you’ll want to invest in a coffee machine once you do the math. You’ll have to spend money upfront getting a good machine, coffee beans and all the accessories that go along with it but you will end up saving hundreds (if not thousands) of dollars each year. 

Leak Detector

A simple leak could end up costing you thousands of dollars to find and repair. And that’s not to mention the amount of money you’ll have to pay a clean-up company if your home is water damaged. That said, doesn’t it make sense to invest in a couple of leak detectors to place strategically throughout your home? Most models are easy to install and they respond immediately to the first sign of water. If the system detects a leak, an alarm will sound and the main water supply will shut off to prevent damage. You’ll even get a text to your phone alerting you to a potential problem. Early intervention is key when it comes to water damage and a leak detector is the best way to ensure you know exactly what’s going on in your pipes.