Tag Archive for technology

Does It Pay to Upgrade Your Technology?

Does It Pay to Upgrade Your Technology?

Does It Pay to Upgrade Your Technology?If you are like most people, you use a variety of modern technologies on a daily basis. You almost certainly have a cell phone in your pocket right now, or at least you have one resting within arm?s reach. Also, you probably watch TV regularly, use a computer, and on and on.

Technology has exploded in recent years, and most of us spend the majority of our time using one type of device or another.

With all of that said, is it worth your money to upgrade your technology? There are always ?latest and greatest? products hitting the market, and it can be easy to get swept up in the excitement over something like a new phone or tablet. But are those purchases wise investments? Let?s take a look at some key points.

Think About Functionality

The first key here is to avoid getting caught up in things that don?t matter. The look of your phone, for example, is inconsequential at the end of the day. What does matter, however, is what that phone can do to improve your life.

If you are using an old phone which is well behind the times in terms of features and capabilities, it may be worth it to upgrade. On the other hand, if you just bought your phone last year and it still works just fine, there is probably no good reason to spend money on another.

What is the True Cost?

It may be possible to recover some of the expense of your new piece of technology by selling or trading in the piece that will be replaced. If that is possible, do a little math to determine how much it is actually going to cost you to buy a new device.

When you factor in the effective savings from the sale or trade-in of the old unit, the new purchase price may not look so bad.

Be Patient

One common mistake is to feel like you have to pre-order the latest device just to keep up with everyone else. That is not necessary, and it is only going to hurt your budget down the line. Instead, be patient and let a new device hit the market while you stand by.

Then, read some reviews and find out how people who did buy it are enjoying their experience. After a period of time goes by, you may still decide to buy it ? or you might decide that life is just fine without it.

Either way, being patient will give you a chance to save some money in the short term. Plus, you may wind up realizing that this device isn?t so necessary after all.

 

How often do you upgrade your tech? Is it always worth it to upgrade?

 

Photo courtesy of: kaboompics

5 Cool Tech Tools To Help You Save Money

save money

Tech tools to help you save moneySaving money can be hard. It?s hard to create a budget and stick to it diligently each month.?We all know you have to save money?in order to pay down debt and reach your financial goals. But, there are resources that can help you save money.

If you’re old school, you can use reference books as well as financial planners to help you create a plan and stick to it. But, paper and people are not the only tools available to help save money. Now you can use technology to help too! Here are five cool?tech tools that can help you to save money.

Save Money with Apps

Apps rule the world. There is an app for basically everything and saving money?is no exception. Here are a couple of apps that can help you manage your money.

Personal Capital

Personal Capital?connects directly to your bank, brokerage, mortgage, credit card accounts and much more. It allows you to track your spending and watch your net worth. It’s available on both Android and Apple devices, not to mention a desktop version.?The best part of Personal Capital is that it’s free to use! If you’d like to learn more about how the platform works, check out our Personal Capital review.

Digit

This app automatically moves money over to your Digit savings account as you have funds available that the app thinks you won’t miss. If you over spend and don?t have the money to move, Digit will only move a couple of bucks or none at all. You can also withdraw from this account as often as you need with no penalties. This app though is only available for Apple users.

Splitwise

Never lose track of who owes you what again! This app calculates and keeps track of who owes you money or how to split rent and other bills. It?s free and available for Android and Apple users. If you loan a lot of money or split food a lot when eating out, this will help make sure everyone is paying for their fair share.

Save Money with Gadgets

Apps are not the only cool tech tools that can help you save money. There are a number of gadgets?that can help you?too.

Electronic?Home Monitoring Systems

Electronic and “smart” [easyazon_link keywords=”home monitoring systems” locale=”US” nw=”y” tag=”wisedollar-20″]home monitoring systems[/easyazon_link] not only allow you to control your thermostat from your smartphone, but they can also allow you to shut off lights and monitor what?s going on in your home while you aren’t there. Forgetting to shut off lights can run up your electricity bill. By closely monitoring your home you can check these things as well as make sure your home is?secure.

Filtered Water Bottles

A few years ago, I bought a [easyazon_link keywords=”Brita water bottle” locale=”US” nw=”y” tag=”wisedollar-20″]Brita water bottle[/easyazon_link] with a built in filter. I always used a [easyazon_link identifier=”B0095CQL9I” locale=”US” nw=”y” tag=”wisedollar-20″ cart=”y” popups=”y”]Brita water pitcher[/easyazon_link] at home, but now I can take that same technology with me on the go too. Because of my refillable filtered water ?bottle, I now spend less money on bottled water. My filtered bottle has paid for itself many times over, even when you consider the new filters I’ve had to buy to replace mine every few months.

As we become a more technologically savvy society, there will be even more new and better ways to utilize tools that can help us save money.

 

Have you used any of these items to help you save money? Do you use other tech tools to save money?

 

Photo courtesy of: 27707