Honey, Whatta Ya Do for Money?

The root of all evil, or the source of happiness? Regardless, you can’t avoid the need for money. Being a college student, it’s essential for me to be able to check my funds, or lack thereof, frequently. Guess what gives you that ability?! Not monthly bank statements mailed to your home address. Seriously, smartphones have made our lives 1000% easier. That’s an actual statistic, don’t look into it.

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Shopular – This coupon app is free and gives you access to hundreds of coupons for a variety of stores, from grocery to jewelry. When you first download the app, you mark all the store you’re interested in receiving coupons from. It uses your location to give you local deals. Then you can scroll through the coupons on a screen that looks similar to Pinterest. Click on your desired coupon and show it at the register to redeem immediately. There’s also an option to “Share” the coupon which allows you to send the coupon to someone as a text message. The Apple App Store gave this app five stars.

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Mobile Banking – I use two different banks, and each has its own app. Huntington and Community Bank both allow me to check my account balance, make payments, prepare transfers between accounts, and view your transaction and deposit history. You can even deposit checks by taking a picture of it and uploading it to the app. Community Bank is a smaller bank that only has locations in a few counties in Western Pennsylvania. If this company has an app, I’m sure a majority of others do too, if not all.

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Apple Pay & Google Wallet – These applications are aiming to replace wallets by storing your bank account information and being able to wave your phone over machines you normally swipe your credit/debit cards through. Apple Pay works only with iPhone 6 and 6 plus, and Google Wallet works with iPhone 6 and 6 plus and Android phones. Apple Pay and Google Wallet both provide security in that the merchants at stores never see the customer’s credit/debit card numbers. Apple one-ups Google with its fingerprint technology, though. The fingerprint for the registered user must be matched for each transaction to take place. Apple Pay just launched October 2014 and is still growing, but its reviews and future outlook look good. Google Wallet launched way back in May 2011 and has made some consumers leery. You can use Google Wallet online as well as in stores, but this means data has to be stored in a cloud and that means greater security risks. Read more about the pro’s, con’s and outlooks of each on Max Parker’s post on Trusted Reviews.

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iPoll – So far the apps and features I’ve highlighted help you spend money, but what about making money through your smartphone? iPoll and Surveys are two apps I downloaded for free. Just as the names suggest, you take surveys and polls, but the great part is you get paid for your responses! Some are only $0.50 or so, but others are a couple dollars. Both apps have the rule that you can’t redeem your cash earned until you reach $10. At first I was raking up the monies on both, then I noticed I wasn’t eligible for as many (they want certain demographics for each survey), and now I rarely check either app for new surveys.

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Have you ever used your mobile for money purposes? Let me know in the comments below!

2 comments

  1. Endya Watson · March 13, 2015

    Nice post. I wondered about good apps to use for coupons since I’m always looking for ways to save money. I was thinking a lot about the Apple Pay and Google Wallet thing. It kind of blows my mind that so much trust is put into our smart phones; now even with one of the things we need to keep most secure. Maybe it’s just me, but I would feel more safe having things separate rather than all in the same place, and on a smart phone none the less!

    Like

  2. Bottle Hopper · April 6, 2015

    This is great! I recently bought my own car and committed to making car payments for the next 3 years. I’m definitely a lot more careful about budgeting my money and watching how much I spend. I think these apps are really great with helping keep an eye on what you have and will definitely look more into some of these. Another one you may want to check out for money management would be Mint, if you haven’t seen it already!

    Like

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