5 Apps That Actually Save You Money
It’s great to find a deal and feel like you are saving money. People go about doing this in various ways; from couponing, to looking at deal sites, to just holding out on buying an item until it goes on sale. Since so many people now have app-friendly phones and tablets, apps are making it easier than ever to save money and cut costs.
Users can sign up for a vast array of apps designed to save money, as well as personal finance apps that are designed to help users meet their savings goals. Apps designed to help you save are effective because they are portable, and you can easily look at them to see how you are doing. Unlike a written budget sheet or a collection of paper coupons, you probably won’t forget your phone at home. Here are five apps that will really save money if you use them correctly, and are available on many different devices.
1. Couponing apps
Many Americans love to coupon, but it can take a lot of time to sit down and cut coupons out of the paper. Sure, some people manage to be extreme couponers, saving hundreds of dollars each month, but for those of us who would love to save a little bit of money and don’t have the time or the energy to go the extreme route, couponing apps can be a great way to save time and to help organize your couponing efforts. The iPhone has a lot of great coupon apps: SnipSnap allows you to snap a picture of a coupon with your phone, Yowza will inform you of deals and coupons in your area, and Grocery iQ will even help you make a shopping list. Of course, you don’t have to have an iPhone to use coupon apps; there are several other apps available for other devices as well.
2. The Ultimate Investment App
Acorns allows you to open an investment account on your phone. The app rounds up on every purchase you make, and instead of putting the extra money into a low-interest savings account, your money goes toward an investment portfolio. Customers get to choose how risky they want their investment to be, too. The fees are fairly low depending on how much you invest, and you don’t have to pay to sign up if you start with a $0 balance. This app has the potential to really help you save your money, because instead of having your money sit in an account, you hopefully can invest that money and get a higher return.
3. Mint’s Apps
Mint has some incredible apps to save you money. The choices include Mint for iPhone, Mint for iPad, Mint for Androids, and even tablet and windows options. The iPhone app, for example, is free, and allows you to check your accounts and set up a budget. Every time you enter a purchase, the app quickly updates your accounts so that you can see how your spending is affecting the money that you have. The other versions of the app are similar, and the apps are password protected in case you lose your device.
The reason that these apps are so powerful and can help you save money is primarily because they are portable. You can easily bring them anywhere (as opposed to a written budget or collection of utility bills), and if you truly keep track of your spending, these apps can help you spot potential problems and correct your overspending.
4. You Need a Budget
This app’s title tells it like it is and specializes in a very detailed budget. The app is designed to prevent users from living paycheck to paycheck, and help users save money. The app is based on four rules. The first rule is that you should give every dollar a job (and you should plan and follow throw with how you are going to use your money). The second rule is that you should save for a rainy day, and requires you to plan in advance for emergencies by saving a certain amount of money each month. Rule three is “Roll with the Punches,” which requires you to be flexible, but also to consider and address issues such as overspending in order to avoid them later. Rule four is that you should live on last month’s income. This app is very proactive, and if you actually follow the advice, you can turn your financial woes around.
5. Save on Purchases You Regularly Make
There are so many daily (or weekly) deal websites and apps, and as long as you are using them for things you actually need or would regularly use, you can save a lot of money. Groupon and LivingSocial both have apps you can use to see deals in your area. If you regularly scan these apps to see what the newest deal is and you purchase the ones that relate to your regular spending (whether it’s a restaurant you like to go to, a movie theater, or even a trip), you will cut costs. However, the only issue with these apps is that it’s tempting to purchase a deal that you wouldn’t normally partake in, so make sure you limit your spending to sales that will actually help you cut costs on your regular spending.
The evolution of apps has made it easier to save than ever. Any of these apps can help you save money as long as you check them regularly and follow the directions. No app can force you to save money if you aren’t willing to stick with the plan or if you don’t pay attention to your budget.