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4 tech products that will help you save $5k by the end of the year

(Photos: Getty)

Technology shouldn’t get in the way of our enjoyment of life, but facilitate it.

We’re already using technology to connect to each other better, and it’s given rise to innovative products and services that makes everything faster, more efficient, and more accurate.

And with the cost of living rising ever-higher, there are some nifty tips and tricks to save yourself a significant sum of money by the end of the year – if you know where to look and what to do.

Here are four pieces of technology that can help you keep a little bit more money in your pocket:

1. The Samsung Family Hub (fridge): save $1,000

The average Aussie household throws out an average of $1,000 worth of food every year, which is a burden on the environment as well as the budget.

In case you haven’t heard about it already, Samsung’s Family Hub refrigerator lets you see exactly what’s in your fridge, which means you can avoid over-buying groceries that end up in the bin a week later.

2. Car Next Door (platform): save $3,500

If you’re like most other Aussies, your vehicle spends 96 per cent of its time gathering dust – which is a stunning amount of time considering the cost of owning and running a small car is $8,000 across a whole year after factoring in insurance, rego, depreciation, fuel and servicing.

Car-sharing platforms like Car Next Door helps you safely rent out your car and make back $3,500.

3. Ubicar (app): save $660

You shouldn’t have to be financially punished with hefty insurance premiums for being a good driver!

The Ubicar app will help good drivers get lower premiums by tracking how well you drive and offer a variable premium every month.

The better you drive, the lower your premium.

Customers save up to $660 a year.

4. Nest Learning Thermostat: save $190

Technology just keeps getting smarter and smarter.

The Nest Learning Thermostat adjusts itself to the perfect temperature for your home by learning your routine over the course of a week and automatically adjusting itself to suit your preferences.

And while you’re out, it uses your phone’s location to turn itself off. You’ll save 10-12 per cent on heating bills and 15 per cent on cooling with this nifty bit of tech, and over a year you could save nearly $200.

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