woman smartphoneFor a long time, I was firmly against purchasing a smart phone. I figured I was just fine with my old cell phone, saving money by avoiding expensive monthly data plan fees.

However, after talking it over with friends and family, I finally decided to purchase one. I paid nothing for the actual phone, and my plan includes unlimited talk and text, along with a moderate amount of data, for only $50 a month. Considering that I paid $30 for my old phone, the price increase was pretty easy to justify.

Now that I’ve owned my smart phone for a few months, I have found a variety of ways to save money that easily make up for the additional expense.

1. Daily Purchases
For things such as groceries and gas, there are plenty of apps available that can help you save money. With Cheap Gas!, you can find neighborhood gas stations with the best prices, and by using RedLaser, you can easily compare prices of two different sized food items to see which one offers the best price per unit. Grocery Gadget saves you money right at the register, as it displays bar codes for current coupons on your phone’s screen, which the cashier scans to give you an immediate discount. The days of clipping coupons are over.

2. Large Purchases
Whether I’m purchasing a laptop computer or a major home appliance, I always have a lingering feeling that I’m not getting the best price, despite my Internet research. This ended once I put my smart phone to work.

When I find what I think to be the best price for the item I wish to purchase, I scan the bar code using the Shop Savvy app to see if a better deal exists. If one is found, I show the price to the salesperson to see if they’ll match it. Often they do.

3. GPS
Many smart phones come with built-in GPS capability, meaning you will no longer need a separate GPS device. I have found that the map displays are more accurate when viewed through my smart phone.

If your phone does not come with GPS, try the AmAze GPS app. It’s free and offers turn-by-turn voice capability.

4. Time

I’ve found plenty of ways to use my smart phone to save time, which is often as good as saving money. I lead a pretty fast-paced life and am almost always on the go. Being able to read my emails and pay bills throughout the day frees up more time when I get home from work. And with my note-taking app Evernote, my life is now more organized than ever.

Final Thoughts

There are far too many money-saving apps on the market to list here. Simply put, with a smart phone, you have the world at your fingertips. You can organize your finances with Pageonce, save on restaurants with BiteHunter, and get cheap international calling with Skype. There are times when spending a little more money up front will help you save in the long run, and I consider a smart phone to be a good investment.

How do you save money with your smart phone?

{ 0 comments }

living at home parentsDude, you still live with your parents?

This phrase is uttered time and time again those who live their own and can’t understand why anybody would continue to stay in their parents’ home. Although there is nothing wrong with moving out, don’t overlook the benefits of living with your folks a little longer.

If your parents support the idea, there are many reasons to stay at home for a few more years. If you could stay but are feeling the peer pressure to strike out on your own, weigh both options carefully. You may find that leaving the nest is not all it’s cracked up to be.

Here are five reasons to live with your parents longer.

1. Maintain relationships with your parents and anybody else (siblings, extended family) living in the home.
Let’s face it, many people move out and quickly lose touch with their parents. Phone calls start out a couple of times a week, but, eventually, you’re lucky if you can manage to talk once a month. While you may be looking for independence, moving out and avoiding your parents is a mistake that you will eventually regret.

The longer you stay at home, the more time you can spend with your family. Sure, there are going to be arguments and disagreements. In the end, though, you will be happy that you had some extra time to strengthen those relationships.

2. Focus on advancing your career or education.
When you live with your parents you don’t have many responsibilities outside of school and/or work. In turn, you can devote all of your time and effort to getting better grades, making more money, or moving up the corporate ladder. Living at home can be especially helpful when trying to get through college without accruing student loan debt. You can save money by not living on campus while also putting the cash you would be spending on rent toward your tuition.

Take advantage of this time to focus on your goals. As soon as you move out you will find that your life has changed forever. You now have a house to take care of and bills to pay. As a result, you will not have nearly as much time for your career or education.

3. Do you dream of owning a home in the future?
If so, you can save your money much faster when living with your parents. This is especially true if they let you live with them rent free. Why pay for rent when you don’t have to? By staying with your parents a little bit longer you are giving yourself enough time to save for the home of your dreams.

Let’s say you decide to rent an apartment for $500/month. By the end of the year you will have paid $6k in rent alone. This does not take into account the price of food, utilities, and other expenses. By staying with your parents for two more years, you can bank at least another $12k toward a down payment. Now do you see how quickly your savings can add up?

Even if your parents do ask for rent money, it’s usually a fraction of what you would have to pay if you were out on your own. Remember to offer something, whether it be monetary like rent or payment for a utility, or assistance with various household chores. Your parents are doing you a very generous favor, after all.

4. Can you really afford a home that offers all the amenities and features you have come to rely upon?
In short, your parent’s home is probably nicer than anything you are going to get on your own. There is nothing worse than moving from a nice home to a dumpy apartment. Sure, you will have your independence, but that is about it! Saving some cash and working to advance in your education or career will insure that you are able to afford some additional creature comforts when the time comes.

5. Upkeep, upkeep, and more upkeep.
What do you do if the furnace breaks at 2 AM? Who do you call about leaky pipes? If you buy a home you are going to be responsible for everything from interior repairs to lawn maintenance and much more. Not only does this take up a lot of your time, but it also costs quite a bit of money. Even if you move into an apartment you will find yourself spending time on maintenance. When you live at your parent’s home, you may be called upon to help out from time to time, but you won’t be solely responsible for upkeep.

Final Word

Don’t give in to peer pressure! If you have the option to stay at home a while longer, seriously consider taking it. As long as you are using the time wisely and working toward a better life, there is no shame in living with your parents.

Did you live with your parents as an adult? What were you able to accomplish because of it?

{ 13 comments }

Obscure Types of Insurance Policies That May Help You in the Future

February 28, 2011

Most people know a thing or two about auto insurance, home insurance, health insurance, and life insurance. It makes sense, as these are common policies that tens of millions of people pay for, month after month. But while these may be the most common types of insurance, there are others that offer very targeted coverage [...]

Read the full article →

Luxury Items for Your Dog: What to Buy, What not to Buy

January 13, 2011

People love their pets. This is particularly true with dog owners. Our beloved dogs are pampered, groomed, and even clothed. We make them into a regular part of the family. As more and more canine “luxury items” have begun to hit the marketplace, we’ve jumped on board to spoil our furry friends with these things, [...]

Read the full article →

6 Tips for Finding a Good Mechanic Who Won’t Break the Bank

December 1, 2010

Finding a mechanic that you can rely on isn’t easy. While there are undoubtedly some great mechanics out there, knowing who to trust can be difficult, and making the wrong decision can be costly. Here are 6 tips for not getting stung when you need a mechanic: 1. Stay Local When deciding where to take [...]

Read the full article →

Christmas on a Budget

November 16, 2010

The holiday season has officially begun with the hustle and bustle of retail shopping, pulling the boxes of decorations from the garage, and families planning their seasonal meals (now if California would just drop below 78° so I could light the fireplace). But are you nervous about spending money during the holidays? Well, if so, [...]

Read the full article →

The Kardashian Sisters Launch Their Own Prepaid Credit Card

November 9, 2010

Beauty, fashion, reality TV, frangrance and now a financial product? Mobile Resource Card, a provider of custom prepaid card programs, has partnered with the Kardashian sisters – Kourtney, Khloe, and Kim – to add a prepaid credit card to their empire of products. The Kardashian sisters say, “We are excited to partner with mobile Resource [...]

Read the full article →

Stop Living Paycheck to Paycheck

November 2, 2010

A few years ago, our family lived by being dependent on receiving a weekly paycheck. Both the husband and I maintain great jobs, but we were hardly able to pay the bills. Borrowing from Peter to pay Paul – we would push one bill to lapse its due date to pay another we ‘forgot’ about. [...]

Read the full article →