• Smartphone Apps That Can Improve Your Finances

  • by Guest Author

According to International Data Corp, 87 percent of the worldwide Internet connected devices are can be carried in your purse or pocket. Today’s seniors are tapping into a wide array of mobile applications that can make their lives better. Whether it’s Facetiming with the family or organizing prescriptions, seniors are learning, “there’s an app for that.”

While only a quarter of adults 65 and older own a smartphone, the Pew Research Center found that a major contingent of these tech savvy seniors find them to be liberating.

It makes sense to use your smartphone to stay connected with friends and loved ones. Sure. But, seniors can leverage the growing number of apps geared toward the wiser generation to keep their finances intact.

Saving on Rx

Did you know that drug prices can vary by as much as 10 times between pharmacies in the same area? We generally choose a pharmacist out of convenience, but drug prices can vary widely between locations. Consumer Reports called 200 stores in six cities and found that the same drug can range from $249 at one store to $43 at another.

Have you comparison shopped your meds lately?

Free apps like Blink Health are GoodRx can help you compare the price of prescriptions; saving money and time. These smartphone apps will compare prices for your prescribed medication and point you in a money saving direction.

Making Online Money Management Easy

Mint.com is one of the top personal finance management websites online. Their free mobile app is available for iPhones and Androids. Mint allows you to track all of your accounts in one place. You can create and manage your budget from anyplace. Track your account balances and spend time forecasting savings and spending plans using this tool. Move seamlessly between the smartphone app and tablet for wider screen resolution.

The screen is well designed and easy to navigate. It takes a little time to set up your accounts in the beginning. After that, you’re up and running. Just remember to use caution. With Mint, all of your accounts – and personal information linked to those accounts – are in one location, which may make it easy for someone to understand your whole financial make up in one place if they are able to get into your account.

Find Senior Discounts

Collect your senior discounts with an app called Senior Savings. This app costs 99 cents and is available only for iPhone (at the moment). It collects and categorizes businesses and organizations that offer senior discounts. At the touch of a button, you can know where to shop, eat, and play at a discount. Whether you’re thinking of going to the movies, enjoying a meal out, or traveling for fun; Senior Savings puts the power of discounts in the palm of your hand.

Supercharge Your Shopping Experience

ShopSavvy is available for iPhone, Android, or Windows based smart phones. This free and easy to use app scans the barcode on items in the store. You can instantly learn if another store carries the item cheaper. Some stores like Target and Walmart price match. This is a great tool for those who like to shop at nation-wide chains or support local businesses.

Take time to learn about these apps before you download any. Make sure you know the difference between free apps and those that cost money while you’re perusing the app store. Of course, the best financial advice will come from your own financial advisor, and we recommend you speak to them when making any important financial decision.

Toni Husbands is a freelance writer and co-founder of www.debtfreedivas.org.