The world Economy is crashing, presidents and prime ministers of all countries are promising to better the situation, it does affect people no matter what. In such grave conditions it is better to make a clever use of technology to ease the pressure off their wallets. Technology is advancing every day and it not only improves our daily functions but does provide us with long term savings.

Here are 5 best ways you can use technology to save money.

1.      Smartphone Apps

Smartphones like iPhone and Android turns cell phones into portable computers. They have smart applications. These apps help you locate best consumer and retail deals in your locality, they also provide the GPS navigation and direction to these stores. These apps help you save significantly.

2.      Use VOIP

Use your PC  to make free calls to your friends and family who are around the world instead of telephone. This saves you a lot of bucks. You can use Skype, Gmail, and MSN etc for video calling. Also you can use email and save paper and postal charges and send e-cards too.

3.      Online bill Payment

Paying bills online have a lot of advantages. It saves you money on postal charges, late fee, envelopes and also transportation fee that you pay for bus or car to travel to the office where you have to pay the bill.  Net banking saves energy and money and resources.

4.      Coupons

This is an odd way of money saving but it does save you a lot. Register with popular retailers and they will mail you coupons and deals. This will save you money on food, drinks and luxury purchases.

5.      Energy consumption

11% of the house holds expenditure goes to energy and especially lighting. Switch to CFL’s instead of incandescent lights, so that you can save money and energy.

These are the 5 best ways that you can save money using technology.