Top 10 ways to use technology to save money

save money

The importance of saving money can’t be overstated as it helps individuals to reach their financial goals, prepare for unexpected expenses, and secure their financial future. By setting aside a portion of their income each month, individuals can build a savings cushion and reduce their reliance on credit. With the increasing cost of living, it’s becoming more important than ever to develop healthy savings habits and make the most of available resources.

Technology has revolutionized the way people manage their finances, offering new and convenient ways to save money. From budgeting apps to investment platforms, technology provides tools to help individuals make informed decisions, track their spending, and automate their savings. It also offers access to resources and information that were previously unavailable, such as price comparison websites, cashback and reward programs, and digital coupons and promo codes. By using technology to their advantage, individuals can streamline their personal financial planning and make it easier to save money each month.

Top 10 ways to use technology to save money

1. Budgeting apps and website

Budgeting apps allow individuals to track their income and expenses, set financial goals, and create a budget plan. Some popular budgeting apps and website include These apps provide an easy way to categorize expenses and see where money is being spent, allowing individuals to identify areas where they can cut back and save more money. Additionally, many budgeting apps offer features such as alerts for overspending and personalized financial advice, making it easier to stay on track with a budget and reach financial goals.

2. Price Comparison Websites

Price comparison websites, such as Kayak, Google Shopping, and PriceGrabber, allow individuals to compare prices from multiple retailers for a wide range of products. This can be a useful tool for finding the best deals on everyday purchases, such as groceries and household items, as well as larger purchases like electronics and appliances. By taking the time to compare prices, individuals can save money on their purchases and make their budgets go further.

3. Cashback and Reward Programs

Cashback and reward programs provide customers with a percentage of their purchase price back in the form of cash or rewards points. These programs can be accessed through credit cards, loyalty programs, and shopping portals. For example, credit cards like the Discover it Cashback Match offer cashback rewards on purchases, while shopping portals such as Rakuten provide cashback rewards for shopping through their site. By taking advantage of cashback and reward programs, individuals can earn money back on their everyday purchases and reduce the overall cost of their expenses.

4. Digital Coupons and Promo Codes

Digital coupons and promo codes are a great way to save money on purchases. These can be found through websites, apps, and email newsletters, and can be used to save on everything from groceries to clothing to travel. To use these coupons, individuals simply need to enter a promo code at checkout or show a digital coupon to the cashier. This can result in significant savings and help individuals stick to their budget.

5. Investment Apps and Robo-Advisors

Investment apps and robo-advisors allow individuals to invest their money in a variety of portfolios with low fees and minimum investment requirements. These platforms use algorithms to determine an individual’s risk tolerance and recommend a portfolio that fits their investment goals. Some popular investment apps and robo-advisors include Betterment, Robinhood, and Acorns. By investing through these platforms, individuals can grow their wealth over time and potentially earn more money on their savings.

6. Bill Management and Payment Reminders

Bill management and payment reminders can help individuals stay on top of their bills and avoid late fees. Platforms such as Prism, Billshark, and TrueBill provide an easy way to view all of an individual’s bills in one place and receive reminders when they are due. Additionally, some bill management apps allow individuals to pay their bills directly through the app, streamlining the bill payment process and reducing the risk of missed payments. By using bill management and payment reminders, individuals can take control of their finances and save money on late fees.

7. Energy-saving Smart Devices

Energy-saving smart devices, such as smart thermostats, smart light bulbs, and smart plugs, can help individuals reduce their energy usage and lower their utility bills. These devices use technology to automatically adjust energy usage based on an individual’s habits and preferences, allowing them to save money on their energy bills without sacrificing comfort. Additionally, some energy-saving devices can be controlled from a smartphone or tablet, making it easy for individuals to monitor and adjust their energy usage from anywhere. By using energy-saving smart devices, individuals can reduce their carbon footprint and save money on their monthly bills.

8. Telecommuting and Remote Work Technology

Telecommuting and remote work technology, such as video conferencing software and cloud-based collaboration tools, can help individuals save money on commuting costs and work-related expenses. By working from home or remote locations, individuals can reduce their travel expenses and save money on gas, parking, and public transportation. Additionally, telecommuting can lead to a better work-life balance, reducing the need for child care or other costly arrangements. By taking advantage of telecommuting and remote work technology, individuals can save money on work-related expenses and improve their overall quality of life.

9. Online Education Platforms for Upskilling

Online education platforms, such as Coursera, Udemy, and LinkedIn Learning, offer a wide range of courses and programs to help individuals develop new skills and advance their careers. By taking advantage of these platforms, individuals can learn new skills without incurring the high cost of traditional education programs. This can help individuals increase their earning potential and improve their job prospects, leading to long-term financial benefits. Additionally, many online education platforms offer flexible learning options, allowing individuals to learn at their own pace and on their own schedule. By using online education platforms, individuals can save money on education costs and invest in their future.

10. Automated Savings through Bank Transfers

Automated savings through bank transfers can help individuals save money without having to think about it. This can be accomplished by setting up automatic transfers from a checking account to a savings account each month. This can help individuals reach their savings goals and reduce the temptation to spend their money on non-essential items. Additionally, some banks and financial institutions offer high-yield savings accounts that can earn interest on the money saved, allowing individuals to grow their savings over time. By automating their savings, individuals can ensure that they are setting aside money each month and growing their wealth for the future.


  1. Convenience: Using technology to save money is often more convenient than traditional methods, as it allows individuals to manage their finances from their smartphone or computer.
  2. Increased awareness: Technology can provide individuals with a clearer picture of their spending habits, helping them to make informed decisions about their finances.
  3. Increased savings: By using technology to save money, individuals can increase their savings and reach their financial goals faster.
  4. Reduced expenses: Technology can help individuals reduce their expenses by finding discounts, coupons, and other deals, as well as automating their savings.
  5. Improved financial control: Technology gives individuals greater control over their finances, allowing them to monitor their spending, set budgets, and make informed decisions about their money.


  1. Dependence on technology: Relying too heavily on technology can lead to a false sense of security and an increased dependence on technology for financial decision making.
  2. Security concerns: Technology can also raise security concerns, as individuals may be at risk of having their personal and financial information stolen if they use their devices or accounts for financial transactions.
  3. Technical issues: Technology is not immune to technical issues and problems, such as glitches, outages, and compatibility issues.
  4. Information overload: With so much information available through technology, individuals may become overwhelmed and struggle to make informed decisions about their finances.
  5. Cost: Some of the technology used to save money, such as investment apps and bill management tools, may have fees associated with them, which can be a barrier for some individuals.

In conclusion, technology offers numerous ways to save money and improve one’s financial situation. From budgeting apps and price comparison websites to cashback programs and online education platforms, individuals have access to a wide range of tools and resources to help them reach their financial goals. While there are limitations to using technology to save money, such as security concerns and the risk of becoming overly dependent on technology, the benefits often outweigh the drawbacks. By taking advantage of the many technology-based solutions available, individuals can save money, increase their financial awareness, and take control of their finances.

Amenorhu kwaku
Amenorhu Kwaku

Amenorhu kwaku is an author, internet marketer and entrepreneur. He is the founder of SuccessValley, a network community for students and aspiring entrepreneurs