Smartphones give you more connectivity wherever you are, but have you ever thought about how they could help you manage your money?
While it is probably not something that crosses the minds of people using or considering buying a smartphone, the features and options available have huge potential to save you money.
Here we take a look at just a few of the ways you can use your phone to free up your finances.
Smartphone Money Apps
As Apple says: “there’s an app for almost everything” and money management is one of them.
Whether it is creating a budget, tracking your spending or accessing your accounts from your phone, apps can make it faster and easier when you are on the go.
Some of the bank apps, such as Kaching from the Commonwealth Bank are even designed to offer more for mobile users than those using Netbank online.
The great thing about having the Internet on your phone is that you can compare product prices in an instant.
Whether you use an app or just the search function, you can find out the price of something in a wide range of stores so that you know you are getting the best price.
It beats walking around a shopping centre for hours, and helps you keep as much money in the bank as possible.
While debit cards are a convenient and easy way to pay for purchases, there are times when you may want to use credit to get rewards or complimentary extras.
Unfortunately that leads to debt all too often, but you can sidestep interest charges and a big balance if you have mobile banking on your phone.
All you have to do is transfer the money from your everyday account into your credit account straight away – saving you money on charges and helping you keep track of how much you can afford to spend.
The communication and organisational options that come with smartphones are often the reasons we use them.
But applying these tools to money matters could also help you keep more money in your accounts, so that you can get the best deals on everything you buy.