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The Lowdown on App Bundles

The Lowdown on App Bundles
    Respect your money -- inspect app bundles before buying

    In a time of economic downturn, people are not only looking for ways to save their hard-earned dollars but how to best spend them as well. Not to mention keep their levels of productivity high enough to withstand the pitfalls of a recession so that it’s easier to climb out of it – or stay afloat during it. Along with daily deal sites like Groupon, “app bundles” are becoming increasingly popular for both users and third party developers alike.

    App bundles generally consist of a number of apps that can be bought as a packaged deal. They are usually theme-based, where the purchaser gets software that can be used to enhance a specific area of their computing life. Freelance bundles, productivity bundles and even web app bundles are commonplace on the Internet these days. But just like daily deal sites, this category is becoming very saturated – very quickly.

    App Bundle Fatigue

    One of the biggest problem with over-saturation of anything is how fatigue can set in, which hurts the category on multiple levels. First, the app developers view a bundled approach as a less than ideal business move and users begin to have so many options to choose from that they either overspend or avoid spending altogether. While the savings on the bundles is often the greatest draw, it’s also the apps that are part of the bundle that appeal to customers, which is also part of the problem. We’re starting to see the same apps appear in different bundles, and if a user has already bought a bundle containing the one or two apps they really wanted, they’re not likely to buy a bundle containing those apps again – even if there are other apps in there that they’d like. The value of the bundle is diminished by this, and if you’re not saving as much money then you’re less likely to pony up the cash for an app bundle.

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    Those who are selling app bundles are starting to combat this fatigue by offering unique ways of promoting their bundles. MacHeist was one of the first to do this, essentially creating a quest to get the apps at an increased savings. This unique approach has served them well as pioneers in the category, but it takes a lot of work to put these “heists” together and the time between bundle offerings is greater as a result.

    StackSocial has taken a different approach. As one of the newer players in the game, they’re developing a community around their bundles, offering reviews of apps they’ve offered on their blog and partnering up with well-known and trusted sites like Cult of Mac in order to gain traction in the space.

    “We had a number of Apple bloggers and publishers telling us they were struggling to find ways to maximize revenues yet keep their site’s user experience high,” explains Josh Payne, co-founder of StackSocial. “We believe we’ve solved that challenge by building a unique, social shopping experience that is purely focused on the needs of Mac enthusiasts which enables sites, such as Cult of Mac, the ability to offer a very select group of products and services that their audience is already interested in and appreciates.”

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    Other bundle offerings, which seemingly apply most often to those using Apple devices, are plentiful and that makes it hard for users to hone in on which bundles to buy.

    How to Shop for App Bundles

    The savings offered on these bundles are compelling – and tempting – but before you open up your wallet and spend your money on any of them, make sure you’re well-informed and prepared. Here are some suggestions on how to avoid buyer’s remorse when buying app bundles:

    Look at what you need, not what you want. Apps like Keyboard Maestro and TextExpander can be huge time-savers, but if you’re not willing and able to put in the time to make them work for you then they shouldn’t be a primary factor in your purchasing decision. Not everyone will need to speed up their workflow to the levels that those apps can allow, but an app like 1Password is something that all users could use because of its overall utility. You already have a text editor on your computer, so do you really need another like WriteRoom? Maybe you do, but make sure you look at your “needs” versus your “wants” and you’ll find that the app bundles don’t become app blunders.

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    Explore smaller bundles. Some app bundles aren’t really bundles at all – htey’re merely apps on sale. Isolate your needs and then look for apps that meet them. If one or two of them happen to be in a bundle on their own, buying that smaller bundle would be wiser than buying a larger bundle that include apps among those that you’ll never even open. Less is more, and having less on your machine so that you can find things easier, learn new apps that you’ll actually use without having clutter in your way and being more productive as a result is always better than saving more money.

    Find out what your mentors are using and stick with those apps. If you’re aspiring to achieve levels of productivity and workflow that those you admire and mentor you, find out what apps they use and where they looked to find them. For example. I’m a big fan of Patrick Rhone’s work and “what he believes in”, so I’m always on the lookout for apps that he has in his arsenal. If I find one of them in a bundle or at a savings, I grab it (after reviewing my first suggestion above, of course). It’s almost as if I’ve let him put the app through its paces before I give it a shot, because he’s usually written about his use cases on his website or his podcast. Take a good look at what those people are using and it’ll help you save time and money when hunting down app bundles for your own usage.

    A Final Word on App Bundles

    Shopping for apps is essentially the same as shopping for anything else: you go where the best options for your particular set of circumstances is. When you buy groceries, you have a set of criteria in place such as price, quality, location of the store and customer service, among others. When you buy clothing, a similar set of standards that you have set applies as well. You should adopt a set of standards when you go shopping for apps, even if it is new to you. Do it from the onset and you’ll be setting yourself for a pleasant shopping experience time and time again.

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    Pick the right apps, the right vendor and the right timing and you’ll find that every minute you spend shopping is both a penny saved and a penny earned.

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    Published on November 20, 2018

    The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

    The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

    The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

    Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

    In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

    Why Your Past Prevents You from Saving Money

    Are you constantly thinking about your financial mistakes?

    If so, these thoughts are holding you back from saving.

    I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

    It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

    For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

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    How to Effortlessly Track Your Spending

    Stop manually tracking your spending.

    Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

    When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

    Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

    The Truth on Why You Keep Failing

    Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

    Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

    Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

    If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

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    Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

    Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

    1. Save more than 50% of your available money (after expenses)
    2. Only buy nice things after saving
    3. Automate your savings with automatic bank transfers

    These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

    How to Foolproof Yourself out of Debt

    Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

    So how can you separate yourself from the 60%?

    By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

    This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

    For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

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    Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

    A Proven Formula to Skyrocket Your Savings

    Having proven systems in place to help you save more is important, but they’re not the best way to save money.

    You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

    What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

    Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

    Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

    During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

    Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

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    Transform Yourself into a Saving Money Machine

    Saving money isn’t complicated but it’s one of the hardest things you’ll do.

    By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

    The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

    Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

    Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

    What are you waiting for? Go and start saving money, the sky is your limit.

    Featured photo credit: rawpixel via unsplash.com

    Reference

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