Strapped For Cash? How You Can Still Save Money With Technology In The Home

Technology on Money & Mimosas.jpg

There is no denying that we live in a world where technology plays a major role in our lives, and because of that we need to be in a position where we can afford some of the latest technology without it breaking the bank. Sometimes the investment is worth it, and a saving can be made in the long term. Other times it is about being a little more financially savvy. With that in mind, here are some of the best ways you can still save and make savings when it comes to technology in the home.

A smart home can help you keep an eye on costs

For environmental and efficiency reasons, many of our homes will be heading down the smart route, and that means that we all may need to invest in certain aspects of it. For starters, a smart meter when it comes to energy usage. While it may seem like you have to pay out right now, it can be a great way to help keep your costs down. In the long term, you can monitor the usage in your home and make some changes to your habits to keep reducing the energy bills. Other ways your home may take advantage of technology and make savings for the future would be with smart lights and appliances, being able to switch them on and off with a tap of your phone. This avoids the risk of things being kept on, while you are out, for example. 

Being technology savvy can save and help others

Streamlining and updating your technology can also help you save money. Tech software uploaded to your computer specific for things like budgets can help you to manage your money a little better. You could also look into a share screen on Mac application or other software and that could help you to directly share budgets you have created with partners, so when discussing on the phone, for example, they can see exactly what you are talking about. 

Budgeting and being picky when it comes to future releases

We would all like to have an option where we can be notified of the latest technology releases, especially for things like mobile phones. With Apple bringing out a new phone each year, it can be tempting. But, the costs can spiral out of control. This is when it is worth being picky when it comes to the time of upgrade. Select the model you would like and budget for it. You could also look at taking advantage of software updates to give your phone and technology the latest features without the need to make a hefty purchase. 

Upgrading and using old technology as a way to bring the cost down 

Finally, why not consider using old technology in part exchange for something new? Your old phone can be a great deposit for a new one, your tablet and laptop can be a great way to knock some money off a new model. We often forget and then leave old technology stuffed in a drawer, but they do still have some value. 

We hope these tips help you when it comes to saving money with and on technology in your home.

 About Money & Mimosas: Money & Mimosas was started as a passion project by Danetha, a former NFL cheerleader turned entrepreneur. After a brunch conversation with girlfriends, Danetha was inspired to launch a resource to learn how they could all enjoy life while being smart with their money. Because who doesn’t want to have their money and mimosas, too?

Want more money tips?

Join the free Money & Mimosas Insider List.