# Over a third of Brits monitor their finances on their smartphone Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-05-17 Category: FINANCE Category URL: https://financedigest.com/category/finance Meta Title: New Study Reveals Impact of Smartphone Apps on UK Finances Meta Description: New research from Carphone Warehouse reveals how Brits are positively impacted by finance apps, with 37% using smartphones for money management. URL: https://financedigest.com/over-a-third-of-brits-monitor-their-finances-on-their-smartphonehtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/dm032420161525-1736843857652-compressed.jpg) - **One in three Brits use their smartphone to check daily deal apps** - **28% of the UK said banking apps have changed their life in a positive way** - **37% use their smartphone to monitor their finances** New [research reveals that over a third](https://www.financedigest.com/the-pandemics-impact-on-working-mothers-new-research-reveals-that-two-thirds-have-stopped-working-or-now-work-less.html "The Pandemic’s Impact on Working Mothers: New Research Reveals That Two-Thirds Have Stopped Working or Now Work Less") (37%) of UK adults now monitor their finances through their smartphone. Mobile phone retailer Carphone Warehouse polled the British public to establish how their relationship with their finances has been transformed by smartphones. From helping to pay the bills on time to budgeting enough cash for a rainy day, the [research revealed](https://www.financedigest.com/research-from-epos-reveals-a-huge-disparity-about-the-return-to-the-office.html "Research from EPOS reveals a huge disparity about the return to the office") that 28% of Brits think that a finance app has changed their life in a positive way. Before smartphones, Brits would have to be connected to wifi or go directly into the bank in order to transfer [money and manage](https://www.financedigest.com/money-management-for-couples-navigating-finances-in-a-relationship.html "Money Management for Couples: Navigating Finances in a Relationship") their bills, but now 30% of the UK are managing their bills and monthly subscriptions on the go directly from their smartphones. It’s not just [banking which has been overhauled due to the influx of finance](https://www.financedigest.com/finance-brokers-bank-on-red-flag-alert-to-help-beat-fraud.html "FINANCE BROKERS BANK ON RED FLAG ALERT TO HELP BEAT FRAUD") apps, as the study also revealed that Brits are continuing to be financially savvy when shopping on the High Street. One in three [Brits check daily deal apps on their devices in order to snap](https://www.financedigest.com/snap-happy-79-of-brits-ditch-digital-cameras-in-favour-of-phone-photos.html "Snap Happy: 79% of Brits ditch digital cameras in favour of phone photos") up a bargain. As well as day-to-day money management, it seems the nation has been inspired by the Wolf of [Wall Street](https://www.financedigest.com/investors-eye-lower-wall-street-on-powell-nerves.html "Investors eye lower Wall Street on Powell nerves"), with one in seven Brits broadening their skills and learning how to execute the fine art of market trading via mobile apps. The smartphone industry has also had a huge [impact across](https://www.financedigest.com/gumgum-ramps-up-engagement-for-co-op-across-uk-with-high-impact-contextual-ads.html "GumGum Ramps Up Engagement for Co-Op Across UK With High-Impact, Contextual Ads") the globe with the number of jobs it has created. The industry as a whole supported 17 million jobs in 2015, which is expected to rise to 20 million by 2020. Smartphones have also transformed the [way in which Brits are spending their money](https://www.financedigest.com/five-ways-to-make-money-trading-bitcoin.html "Five Ways to Make Money Trading Bitcoin"). In early 2016, industry analyst IMRG announced that 51% of the UK’s online [retail sales](https://www.financedigest.com/german-retail-sales-dip-more-than-forecast-in-august.html "German retail sales dip more than forecast in August") in Q4 2015 were made on a mobile device, marking the first time that more people were buying via mobile than desktop in the UK. Laura Harricks, Online Trading Director at Carphone Warehouse, said: “Thinking back to the early days of mobile phones, it’s really interesting to see just how much the [technology has advanced over such a short period of time and how much trust and reliance Brits place on these small devices](https://www.financedigest.com/the-medical-device-technologies-market-to-stick-around-based-on-organic-expansion.html "The Medical Device Technologies Market to stick around based on organic expansion"). “There are so many finance apps available now alongside banking apps, such as those to help with monthly budgeting and finding the best deals for online shopping. Being able to control such an important [part of your daily life from the palm](https://www.financedigest.com/factbox-from-spreads-to-shampoo-palm-oil-is-part-of-everyday-life.html "Factbox – From spreads to shampoo, palm oil is part of everyday life") of your hand is a luxury and it’s great to see so many Brits taking advantage of it.” Carphone Warehouse has produced a [detailed report](https://www.financedigest.com/diabetic-foot-ulcers-and-pressure-ulcers-market-revenue-status-and-outlook-2016-2024-detailed-in-new-research-report.html "Diabetic Foot Ulcers and Pressure Ulcers Market Revenue Status and Outlook 2016-2024 Detailed in New Research Report"), focusing on the key areas of society which have been positively impacted by smartphones, including finance, health, relationships, education and quality of life. To see the report in full please visit: [http://lowdown.carphonewarehouse.com/social-impact-smartphones/](http://lowdown.carphonewarehouse.com/social-impact-smartphones/) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---