How smartphones are making us wise with money saving
Everything you touch these days has a smart element to it. From your mobile phone and tablet to the lights in your home or the keys in your pocket, the world around us is now more intelligent than ever. In a nutshell, your smartphone gives you access to a myriad of services and one of those is saving money. By tapping into online services, collating data and sharing information, smartphones make it easier for us to get more value out of everyday tasks and the end result is more money in your pocket. With this in mind, we’ve picked out three tech innovations that are helping homeowners, consumers and travelers make smarter decisions and, therefore, save some cash.
Owned by British Gas, Hive is part of the Internet of Things (IoT) revolution and gives homeowners more control over their home. Covering everything from heating and lights to active plugs that allow you to remotely control door locks, motion sensors and windows, the system essentially creates a “smart” home.
One of the biggest benefits of using Hive is the ability to cut the cost of your heating bill. Although everyone’s circumstances are different, a report by This is Money showed that people can make savings in excess of £300 if they let Hive take control of the energy consumption in their home. Citing the experience of Sam Dunn, the article outlines how the in-app controls and the system’s learning functionality led to a more efficient heating schedule. Because the system is able to control the temperature at the most appropriate times (i.e. it learns when you need heat the most), it makes the home feel “warmer” according to Dunn.
In theory, gift cards are great because it means you can get something you want and not have to hand over any cash. But what about those times when you don’t want something from the shop in question? It’s as this point gift vouchers become a pain. Fortunately, Zeek is on hand to change that. Basically a marketplace where you can buy and sell gift cards, the site was set up by to help people save money. According to the stats, consumers fail to spend £65 billion in gift card credits each year. In this scenario the retailers are certainly winning.
However, if you pull out your smartphone and go online, this doesn’t have to be the case anymore. As a seller you can turn an unwanted gift card into cash, and as a buyer you can get a discount at your favorite store. For example, if you were looking to buy a £100 iTunes gift voucher, you could save 5% at Zeek. This ability to save money is yet another example of how smartphones are making us smarter shoppers.
The final innovation that’s turned us all into money saving experts is Uber. Founded in 2009, the cab company now rakes in $1.5 billion revenue, employs more than 6,500 people and most importantly, it saves travelers’ money. Since Uber came along, travelers now have a cheaper option. For those who don’t know, Uber basically takes drivers with their own personal cars and then adds them to the system so that local users can find them. The Uber app allows users to book a drive and track their route, which gives them handy information. Uber is also popular because the average trip costs less than it would in a cab. Although it can be city dependent, Uber on an average, 40% cheaper than traditional taxis.
If you’re looking to spend less and get more, smartphones are the way forward. Whether you’re looking for cheaper energy costs or ways to pay bottom dollar, then technology has made that more than possible. In fact, as we move forward, greater innovations and the possible integration of augmented reality could help to make the world around us even smarter.