Is It Too Easy to Spend Money These Days?
With wages stagnant, school debt piling up and costs rising millennials have it tough. Technology can be a key to saving or a curse. In this episode, Ester Bloom, Senior Editor of The Billfold will share her tips including:
Spending Tracking Apps
Apps that raise your food bill and ones that lower it
Technology to track your driving skills (and lower your auto insurance)
According to the Association for Psychological Science, when it comes to driving most people think their skills are above average. Other studies have found nearly two thirds of drivers rate themselves as excellent or very good. Now your anchors, reporters, producers, hosts and audience can put themselves up to the challenge for free by using technology to measure how they actually drive. If they do well, they might be able to save significant money on their car insurance.
Here’s how the program works. After signing up for a 30 Day free trial (here), you’ll receive a Snapshot device which plugs into your car. It measures how fast, how far and when you drive. It also measures your rates of acceleration and how hard you brake. If you do well, new customers can be offered a reduced Snapshot rates and existing customers can see their rates go down—good news also for parents who have younger millennials on their insurance plan.
Ester Bloom is an award-winning non-fiction writer and Senior Editor at The Billfold which covers everything you wanted to know about money. Her specialty areas are millennials and women. She has appeared on MSNBC, MTV, HuffPost Live and the Geraldo Rivera Show among many programs.