Here are some ways you can use technology to your advantage.

Budgeting apps

The word budgeting still eludes a lot of us today. We do not care to plan how money is being spent, to keep a check on the inflows and outflows of our money. However, with an app like Mint, you can get to consciously start planning and being in control of how your money is spent.

Energy saving bulbs

These specially made bulbs helps to save power consumption in your homes goes a long way in reducing your electricity bills.  Though, it may be slightly costlier, you’d find it more economically friendlier in the long run.

Automatedtransfers

Automated recurring transfers has been staring at us in the face. An easy way to set up a predetermined amount of money into an ‘untouchable’ account which if tampered with will attract penalties like forfeiting a huge chunk of your money. That should help check temptations to spend money you intended to save up for the future.

Bank mobile apps

For those who use the apps, you should do well to use it beyond airtime purchases or transfer to girlfriends, family and friends. The same transfer function is a powerful tool to use to transfer into your ‘untouchable’ savings account. For some who may not want to get to their bank to transfer a small amount of money or are feeling lazy altogether, your banking mobile app is a useful handy tool to transfer both expected and unexpected amounts of credit away from your immediate reach.

Online advertising

This applies to a business looking to advertise on a budget. The online space, the internet is a comparably less costlier option for putting your business out there, allowing for tracking and measurement of campaigns so you can know if the effort is paying off or not.

Compared to the traditional media, this digital approach can help a business save more money that could be put to better use.

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There are many more ways technology is helping to save money and time (which is a factor of money). You just need to open your eyes and take a conscious step to make use of those tools.