4 Smartphone Apps That Can Fatten Your Wallet

According to Mobi Thinking, a mobile marketing site, around 1.2 billion people used apps in 2012; by 2017, the number of users is projected to increase to 4.4 billion. There are tens of millions of apps to choose from, and these days, there’s an app for almost everything. Cooking, dieting, gaming, shopping — you name it.

You can shell out a large chunk of change on app purchases, particularly for games. However, you can also use apps to increase the amount of cash in the bank. People are picking up on this trend as rewards apps like Shopkick and Viggle reach more and more users. Millions of people use Viggle to earn rewards points for watching TV and listening to music.

This list of apps contains a wide variety of user favorites. Choices range from a budgeting app to choices that pay you for something you’re good at. Each of these apps can help increase the amount of cash in your pocket.

Source: Thinkstock

1. Pact

This app not only promotes healthy living, it also helps you earn some extra cash. That is, if you fulfill your commitments. Pact is made up of a community of users seeking incentive for exercising and eating the right foods. To gain this motivation, users make a pact to stick to a certain diet or workout regimen. If a user breaks his or her pact, that person has to pay a certain amount of money, which goes to other app users. If a user meets his or her goals, which are verified by GPS and photos, that person receives a monetary weekly reward.

Pact advertises that you can “earn cash for living healthy, paid by members who don’t.” Just how much cash? According to CNET, you don’t have to pay any upfront payment, and you can set your “penalty” amount in increments of $5. So if you didn’t run a mile a day, for instance, you have to pay whatever penalty you set for yourself. If you meet your goal of running a mile per day, you can earn around $2 per week.

Source: Mint.com

2. Mint

Mint’s financial apps are known for reliability and effectiveness. Mint’s Quickview offering has received various awards, including an Apple Mac App Store Best of 2012 distinction and also rave reviews from its users. The Mint app syncs with your bank accounts and learns your spending habits. It categorizes your expenses and shows you where you spend the most.

As for your income and earnings, the app creates an easy-to-read chart of your money flow and helps you create a budget. If you exceed your allotted budget amount in any category, it lets you know. You can review your bank transactions and also review your investments. The app can even tell you when bills are due.

3. Fiverr

Fiverr is a place where people buy and sell small gigs for a cost of $5 or more. The concept started as a website in 2010, and now, it is a mobile app, as well. People sell a number of services on Fiverr, ranging from offers to clean up a webpage or write a press release to services like video testimonials or children’s book illustrations. However, some of the $5 services are unique. For instance, one user says he will call someone and sing “Happy Birthday” as an “opera guy.” That user is actually pleasant to listen to listen to and should perhaps charge more than $5 for his services.

That appears to be a common theme on Fiverr: talented people charging a fee of only $5 for services that may be worth much more. If you want to make money on Fiverr, it’s probably wise to offer a service that does not consume too much of your time. On the other hand, charging too much for a service may be offputting to potential buyers. Some buyers may feel that paying another user of a mobile app may be worth a $5 investment, but a greater amount may not be worth the associated risk.

Source: Thinkstock

4. Clashot

Clashot is for people who enjoy taking photographs, and it offers a medium for those looking to buy and sell pictures. If you regularly attend events or visit historical places, snap pictures with your mobile device during your excursion. All you have to do is upload your photos to the Clashot application. The app allows you to create a photo report, and if someone decides to purchase your photos, you’ll earn royalty payments.

You can also earn money on this app when specific users “like” your pics. The application’s website claims that some users earn more money for “likes” than for the sale of pictures. Most users seem happy with the application, but a few say the app crashes, and some express concerns about the confusion surrounding the site’s policies on payments for likes, which apparently must be from a Clashot expert.

More From Wall St. Cheat Sheet: