Every Monday in 2015, I’ll be sharing a different idea to help you save money! Add all of these tips to your frugal repertoire and you’ll be able to save a lot of money this year! I hope you’ll gather a few new ideas or at least some inspiration from this series.
I’m sure you’ve heard of daily deals sites like Groupon, WagJag and Zulily. Well, if you don’t already use those sites, they are a great way to save money! For today’s 52 Ways to Save post, I want to show you the ins and outs of using those daily deal sites effectively. I especially like them for getting great deals on restaurants, local attractions and even gifts.
Here are five things to keep in mind when shopping through daily deal sites:
Refer your Friends
Most of the daily deal sites offer some sort of incentive for referring new friends to their site. Groupon offers a $10 credit each time a new friend signs up, while Living Social will give you a deal you purchased for free if you have three friends that purchase the deal as well.
Stick to your Budget
A deal isn’t a deal if you can’t afford it! If you have a $25 monthly budget for eating out, then purchasing a voucher to a local restaurant can make your dollars stretch further. But, don’t be tempted to spend more money than you have just to “get a deal”.
Read up on the Company
Before making your purchase, make sure you do a little research on the company that you’re buying the voucher for. For instance, say you’re interested in a pedicure voucher to a company you’ve never heard of. Make sure you head over to their website and Facebook page to scope out any reviews others have left. If there are negative reviews, make sure to really pay attention to them to see if their complaints would bother you as well.
Read the Fine Print
Always be sure to read the fine print on a deal. Make sure the deal is valid at a location near you. Check the details on whether there’s a purchase minimum. (Sometimes there’s a minimum purchase required, and if I do the research, discover that there’s no way I can stay close to the voucher value. I always pass those up.) Also be sure to check that you can use the deal before it expires.
Once you’ve decided that a voucher or deal is a good deal for you, be sure to head over to Ebates to earn a little cash back on your purchase! Ebates, it’s a site that rewards you with a small percentage of cash-back on your online purchases. All you have to do is sign up for an account and then go to Ebates, search for the online store you’re planning to purchase from, and click through to the site to make your purchase.
Each quarter, Ebates will send you a check for your accumulated cash-back amount. It’s FREE money that you’re earning for making a purchase you were already planning to make!
My favourite Daily Deal sites:
What are your favorite daily deal sites? What tips and tricks do you have to add to my list?
See the other articles in this series, here.