Want to save Money? Use your Smart Phone

by Justin Weinger on September 29, 2014

Saving money is something that all consumers like to do but, with busy lives and busy schedules, sometimes we still end up overspending. The good news is that the vast majority of American consumers now have a tool right in their pocket or purse that they can use every day to quickly and easily save money.

It’s called a smartphone, and below are 4 ways that you can use yours to save quite a bit of money all the time. Enjoy.

One of the best ways to save money with your smartphone is to use it when it’s time to buy gasoline for your car or truck. As a matter of fact, some studies have shown that the average consumer could save upwards of $500 a year using a smartphone app that tells them where the cheapest gas prices in their town happen to be. One of the best is called GasBuddy, and app that will tell you the prices, updated in real time throughout the day, of all of the local gas stations in your area.

Depending on where you live, you can also use your smartphone to find the cheapest parking spaces  in the city of your choice. One app that’s great for doing this is called SpotHero which, as you might have already guessed, will help you to find the cheapest parking spot in Chicago, New York, Los Angeles or any other city you might happen to be living in or visiting.

Smart phones have also made it much easier for retailers to reward their loyal customers. In the past most would give out loyalty cards that either needed to be marked, punched or otherwise indicated so that the retailer would know how many times you’ve been to visit, how much you’ve purchased and what your loyalty reward should be. Using your smartphone that’s no longer necessary as we were information can easily be kept for a multitude of retailers right on your phone. In fact, most retailers are coming out with their own smartphone apps that, among other things, consolidate your coupons and make shopping much quicker and easier, including Cartwheel from retailer Target.

Using your smart phone to check social media throughout the day can also help you to find discounts and promotions at your favorite stores and on your favorite brands. A lot of companies these days actually host special coupons on their social media sites to give special deals to their followers, members and “friends”.

Finally, one of the best ways to save money using your smart phone is to use it to compare prices. For example, the RedLaser app will actually let you use your smartphone to scan the barcode on any item and find out if it’s being offered by another retailer for less money. It’s easy, quick and, in many cases, will save you quite a bit of money and time.

The fact is, while smartphones have made our lives significantly easier, many people don’t realize how much they can use them to save money. You do however, because we told you about it here in this blog today, so go out there and get the best prices and deals on everything!

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