Most of the time when we think of applications that we have to put on our smart phones, the first thing that we would think about is the cost of getting that application installed. Of course you can always download the applications online but this will cost money too. You might be surprised to know though that there are many applications for your iPhone that can help you save money in the long run.

An example includes applications that you can get for free. People do not usually pay attention to the Gas Buddy app but it is actually a very helpful application. If you are already running out of gas and you are in an unfamiliar place, you can use the Gas Buddy app to locate the nearest gas station and how much the gas there costs. Since going somewhere without being lost is more efficient, you might be surprised with how much you might be able to save in a year.

Another application that can help you save money is the Account Tracker. There are times when you are so busy with work and other issues in your life that you sometimes forget that you have to pay some of your bills. The Account Tracker will take care of reminding you when your bill is already due or will remind you if you are spending too much using your credit card. It is a great application that will help you monitor your funds and your spending ways.

And then there is another application that you can get for free that will help you make some money. The application is called Music Mugpie. Basically, what it does is it helps you scan the barcode of unwanted CDs and DVDs and it will help you know how much is the selling price for every item that you want to sell. This will help you not get fooled into thinking you are selling your items for a good price when everyone else thinks that they are getting it cheap.

For the bookworms, there is an application available that can help you read the books that you want without spending too much. Plus you do not have to worry about storage and your books getting creased. The iBooks app can give you the books you would like to read and if you are worried about the small font, do not fret because you can adjust the font and read the iBook of your choice anytime, anywhere.

Lastly, if you think you are spending too much on shopping, you might want to get the Supermarket application. It is an up to date application that can show you the costs of different products in the supermarket so you can compute in advance how much you are going to spend for the items that you need.

Andrew writes frequently about personal finance as well as issues effecting both consumers and small businesses, covering everything from credit cards to mortgages to PO Funding in Chicago.