
10 tips to help you save money on your shopping trips
• 5 years agoAs inflation and import costs have risen, shoppers have been hit with bigger bills when… Read more »
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Two thirds of those surveyed feel that the ease of spending on mobile apps means that they are spending more money than they would like and they are losing track of what they are spending. With one click shopping and simplified buying processes, it has never been easier to buy the items you want or need whenever you want.
Head of communications at FSCS, Mark Oakes, commented on the findings to say; “Being able to make purchases at the touch of a button removes the thinking time you would usually have if you were in a shop. It requires discipline to stay in control of your money, not only spending but also saving, but it’s worth doing. Setting aside just a little a month can add up to a big sum.”
The research highlighted the differences in the shopping habits of both genders too as women typically spent more a month, at £131, on food and shopping apps, whereas men spent £115 a month on average and were more likely to spend on gambling, travel, entertainment, music and socialising.
With debt levels currently rising in the UK and inflation hitting a record high, these figures are likely to become a worry for some experts. Although, most people using these apps have the money to cover their costs, fears will rise about those that keep spending without realising the implications on their finances.
A new survey from Nationwide suggests that voice and gesture technology, which is likely to be introduced soon, will transform the way that we pay for goods and services online. As people are becoming more and more comfortable paying with biometrics, there is a demand for the next stage in convenience.
Dr Pearson, who conducted the survey, said that the new technology should allow; “Gesturing towards someone and saying: ‘Here is £13.46’ is quite enough to combine the voice and gesture recognition with the presence of your smartphone as electronic identification,”