How to save money with technology.

The role of technologies is predominant in our lives. Every passing day brings some news of new innovations, which leave us awestruck.

No matter how stunning the new technological developments are, the main purpose of creating them is to make our lives a bit simpler. Most people think that these new technologies are going to cost us a fortune. However, this is not true all the time.

In this post, we have listed seven ways technologies can help you save money, for a better life.

1. Install a Savings App on Your Smartphone

The first way of saving money using technologies is by installing a savings app on your smartphone. You can set a limit for monthly expenses on the app, and it will track all the spending and send you alerts if they increase.

This is an effective way to curb your unnecessary expenses and invest the saved money for building assets. A savings app dedicated to control of your expenses and increase savings will help you improve your finances.

User-friendly money-saving or budgeting apps such as Mint, Acorns, Qapital, Monzo, or Digit can help you track your costs and help save money with a few taps. These apps also provide a visual layout of your spending trends, along with clear breakdowns, and tighten your expenses accordingly.

2. Free Cloud Platforms for Saving and Sharing Documents

You do not have to spend money on a USB hard drive again. Platforms like Google Drive and Dropbox provide cloud storage to store your documents and share them with others.

Google Drive offers a free storage space of 15 GB, and the free version of Dropbox provides 2GB space to store your documents and share them with other Dropbox users. You can sync your Dropbox with Gmail too, and send them as attachments to your emails. You can also buy additional storage for $9.99 per month.

Dropbox provides a folder on your computer, and you can store your files in that folder and can access them from other computers or mobile devices.

3. Save on Voice Calls by Using Wi-Fi

On your smartphone, you can use Wi-Fi to save the costs of making calls. Major cell phone brands such as Apple, Samsung, LG, and others are compatible to make calls using Wi-Fi. Besides, look for a mobile operator that provides this facility without any additional charges.

You can use your existing plan and pay call charges based on the existing rates when making voice calls or send SMS using a Wi-Fi network.

If you travel overseas, you can take a calling card or a temporary plan of an international operator for Wi-Fi calls. You can make calls and send SMS using it at the rate of your local tariff plan.

Also, compare different calling plans to save costs because online phone packages change often and you can save significantly if you keep looking for low-cost packages.

4. Get a Few Smart Plugs for Long-Term Energy Savings

When it comes to saving money in the long run, getting a few smart plugs could be a good option. When you have appliances such as a TV, air conditioner, refrigerator, geezer, and other items that add up the cost of your electricity bill, smart plugs can optimise energy consumption.

Attaching smart plugs to every outlet in your home can give you complete control. The smarter the setup of your home is, the easier it will become to save money. By putting up smart plugs, you can turn things on or off remotely as and when needed, even if you are away from home.

Additionally, based on which models you buy, you may also be able to set schedules and use cloud-based voice services like Alexa to control your appliances and power points. It will help you save the electricity cost on a long-term basis.

5. Free or Inexpensive Wireless Access Using Your Smartphone

Buying a wireless hotspot or personal wireless card can cost you nearly $150 in hardware. In addition, there is also an almost $60 monthly fee for the wireless service. Instead, you can try Tether, which can turn your BlackBerry into your wireless hotspot.

A smart and personalised network like Tether comes with a one-time cost of $49.95, but it is still inexpensive than your regular wireless card route. On top of it, all Android phones have in-built wireless tethering in their operating system.

6. Get Smart Bulbs for a Smart Home

Another way to make your home more power-efficient is replacing your traditional light bulbs with smart bulbs to save money every month. You can get smart bulbs in the form of LED light or eco-bulbs.

Smart bulbs are generally LED, and you can get excellent power savings than your old light bulbs. Besides, you will also get benefits from feature-rich smart bulbs. You can light your smart bulbs in any colour or set up schedules to get them to wake you up in the morning.

You can switch on or off smart bulbs using your phone even when you are not at home. This way, you can make sure that you will never waste money keeping your lights on.

7. More than 100,000 Free Books on Your iPhone, iPad, or Android Phone

If you are using iPhone, iPad, or iPod Touch, the Stanza application will allow you to download more than 100,000 books and magazines for free. If you download books from Amazon or iBook, it will cost you between $5 and $15, whereas you can save a significant amount by using a free version on Stanza.

For Android phones, the free versions of Amazon Kindle, Google Play Books, Nook, or Wattpad can help you download free eBooks and magazines.

Closing Words

New technologies are coming up almost every day with some great features and free services. Make the most of these technological advancements by integrating them into your day-to-day life and save costs.

By making a few changes, you can save substantial amounts of money every month, which you may have never thought possible.