Technology has changed the world in so many ways and it would be hard to imagine a life without it. With phones costing over $1,000 and the latest TVs reaching prices over $10,000, it's easy to associate technology with taking money out of your pocket. Let's change that and see if there are any ways technology can actually put money in your pocket. Interested to know more? Let's start with how you can quickly access cash using your phone.
ContentsLend moneySavings appSmart thermostats Coffee makerLeak detectorYour phone or laptop can help 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 quick and easy and once approved the funds will be in your bank account ready to use faster than if you were to visit your local bank.
There is a huge range of apps specifically designed to help improve money management and financial awareness. If you don't know how to save, it's time to download a savings app on your phone. Most are very user-friendly and packed with useful features like smart money tracking. You enter your income and expenses and the app will use an algorithm to work out how much you can save each month without affecting your lifestyle.
Do you feel anxious every time you think about the price of your next energy bill? Most homeowners do this, so you're not alone. The cost per unit is constantly increasing, so it is important to adopt new technologies that can help reduce the cost of your bill. A smart thermostat is the perfect starting point. Smart thermostats are replacing programmable thermostats for many different reasons. They are more intuitive, giving homeowners the ability to heat and cool specific rooms to the right temperature. A smart thermostat will learn from your behavior and after a while it will make changes on its own.
Do you spend a lot of money on cafes behind the wheel? Have you ever calculated how much, on average, you spend on coffee each month? We're sure you'll want to invest in a coffee machine once you've done the math. You'll have to spend money upfront to get a good machine, coffee beans, and all the accessories that go with it, but you'll end up saving hundreds (if not thousands) of dollars every year.
A simple leak could end up costing you thousands of dollars to find and fix. And that's not to mention the amount of money you'll have to pay a cleaning company if your home is water damaged. That said, doesn't it make sense to invest in a few leak detectors to strategically place around your home? Most models are easy to install and respond immediately to the first sign of water. If the system detects a leak, an alarm will sound and the main water supply will be shut off to prevent damage. You'll even receive a text message 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 make sure you know exactly what's going on in your pipes.
