Save money by shopping smart, not by saving on unnecessary purchases. When you are able to choose carefully what you buy and where you buy, you’ll naturally start to feel better about your money than ever before.
Five simple ways to save money when you’re shopping include shopping around, paying attention to the prices at your local grocery store, making a weekly or monthly budget and using coupons and rebates.
Used, refurbished, or older things make a good choice
There are many reasons why people like buying used products. For some, it’s because they want to save money and not buy anything brand new. Others just love the challenge of fixing something and making it better. But what about when it comes to buying used gadgets? When you’re looking to save money on your next purchase, buying a refurbished item from your local electronics store might be your best bet. If you have any doubts, you can usually find out exactly what’s inside an open-box item by asking your vendor or by contacting the manufacturer.
When you’re ready to make a major purchase like a new pair of running shoes, consider that a few dollars now can save you a lot of money later. Buying something used will always help your budget, and this is especially true in the realm of seasonal consumer goods.
Seek promotions, coupons, discounts…
Many companies offer discounts on their products and services using coupons. While coupons are definitely beneficial, it takes time to go through each week’s paper (or check the Internet), looking for these discounts. Instead, you could opt to use a service that allows you to make online coupon purchases whenever you need them.
Coupons are a common way of saving money, and people get excited when they receive them in the mail. If you find a deal that looks good and has the potential to save you a bundle of cash, why not click on it immediately? This way you can get all the info you need without wasting time or energy.
There are different ways to obtain coupons. You could use a loyalty program (such as Southwest Airlines’ rewards program), sign up for a service that sends coupons to you (such as Living Social), or ask a friend who uses the same coupons to give you a copy of their paper inserts or online coupons.
Compare prices on different products
To stay on top of what your favourite websites are selling, you can try CamelCamelCamel. This helpful tool helps me to monitor my Amazon wish-list from one central location. And it’ll notify me if the price drops!
There are many browser extensions and apps that let you view the history of a product’s price, see where it’s on sale and compare prices. This is especially helpful for shopping at retailers that offer price match guarantees. Want to see if Amazon will give you a refund for a product you bought that was mislabelled or has arrived damaged?
Find a retailer that will match prices. This is an easy way to find the lowest price on an item. If the item is a gift, do not forget to include the shipping costs.
Discounted Gift Cards
Gift cards are items you can use in place of cash in the store. They can come in a variety of forms including in-store credit, debit cards, phone cards, and more. You can redeem them online, and they are often sold for less than their face value.
If you’re strategic about buying discounted cards for stores where you would ordinarily shop, it’s a great way to trim your budget.
Look for cash-back opportunities
It’s easy to earn cash back on large purchases using an affiliate or referral link, and there are a lot of companies out there that pay you for referring customers. With so many options and a growing number of people trying out the idea of earning money for doing things that they love, it is becoming more common to do that and it can be easier than ever.
If you’re shopping online, Rakuten is a portal that lets you shop using links to other companies’ websites. It’ll make your purchasing process much easier because you don’t have to enter shipping information for products or worry about hidden fees or taxes. You also get a percentage of cash back.
To earn, you have to hit the daily target, which is usually just a couple of clicks. There are no fees or requirements, and you can redeem for cash or choose from hundreds of stores to spend it on.
Once you have an account, completing certain activities (such as filling out a survey or performing a search) will reward you with points. You can then redeem those points for a gift card at a retailer of your choice.
It doesn’t matter how long you plan to save; if you don’t start saving, you’re setting yourself up for failure. There is no time like the present!
Every dollar saved and invested builds your future nest egg and allows you to focus on the important things in life.