How much do you spend on technology each month? Technology, and mobile devices in particular, can make your life easier, but they also add to your regular expenses. The Oklahoma Society of Certified Public Accountants offers some insights on technology spending and how to keep it in check including this tip:
It’s a big investment — Last year, global spending on consumer technology devices exceeded $1 trillion for the first time, according to the Consumer Electronics Association. The cost of subscribing to digital services certainly does add up. According to a poll by the American Institute of Certified Public Accountants, consumers spent an average of $166 each month to pay for things like cable TV, home Internet access, mobile phone service and digital subscriptions—equal to 17 percent of their monthly rent or mortgage payment. Do you download apps, songs or other products? The AICPA study also found that Americans buy an average of five digital songs, five movies or TV shows, two apps, two games and two eBooks per month. That all adds up to an average of another $38 every month. It’s not surprising then that more than half of all Americans think that technology makes it easier to spend money rather than save it. How can you be sure that your technology spending doesn’t add up to some unpleasant surprises?