5 Genius Ways to Save Money Online
While we all love thrift store shopping, most of us aren’t total cheapskates, right?? LOL
We do shop online at times.
And when we do, we want the deals, baby. Gotta make those dollars stretch!
So I put together the most genius ways to save money online.
You’ll have to try this next time you find something you love online :).
Genius Move #1: Sign Up For a Mailing List
This is common sense. All stores try to rope you in with deals for handing over your precious email address.
Yes…common sense, but don’t skip this step!
One store I love is Pier 1. Not that I shop there often, but I love their rugs!
I signed up for their mailing list and they sent me a 10% off coupon. Doesn’t sound that impressive…..but……you just wait until you start layering these discounts…. It really adds up!
Genius Move #2: Go to Ebates.com
Ebates.com is a free site that pays you cash back when you shop online. I never understood exactly how it works until recently, but it goes like this:
You create a free account at Ebates, and whenever you’re shopping online, you link to that retailer from Ebates, and Ebates will pay you cash back on your total purchases.
I actually had bought some big ticket items last year (e.g. washer and dryer from Sears that we ordered online) and used Ebates to link to Sears to buy them.
And I bought some other items. And earned myself a whopping $94.45 🙂
Notice that Pier 1 has a 2.0% cash back.
How Ebates Really Works
They’re actually an affiliate for all of the websites they link to, so they earn a commission for you clicking on that link and buying something. It doesn’t cost you a thing.
So if Sears gives Ebates 10% commission on whatever you buy…..Ebates then decides to give you 3% of that commission as cash back into your Ebates account.
Pretty cool, eh?
- Doesn’t cost you a dime
- Free account
- Has many popular retailers (over 1,800)
- Pay you cash back via PayPal
- Some stores have up to 25% (or more) cash back, although most are 2% – 7% or more.
- Have promotions where some brands will be double cash back on some days.
- Payouts are every 3 months, so you may be waiting for that money depending on when you earned it.
- Some stores aren’t available on Ebates.
Genius Move #3: Check Out Raise.com
I can’t help but include Raise.com on this list of buying and selling gift cards, although I haven’t used them to fully evaluate them. They have a bigger selection of cards available, but their savings is also not quite as much.
Check out GiftCardRescue.com first, and if you don’t see what you’re looking for there (or run into restrictions), then definitely hit up Raise (or buy cards from them both to use together!).
Genius Move #4: Go to RetailMeNot.com
RetailMeNot.com is free, too (don’t we just love free???).
They also operate from affiliate sales, but they specialize in easily finding coupon codes to all the biggest brands.
People can also submit their own coupon codes if you know of one that works so that other people can use it.
Whenever I’m shopping online, I always check out RetailMeNot.com to see if there’s some active discount code.
You wouldn’t believe how much I’ve saved by checking their site for coupon codes!
- No account needed to access the coupon codes
- Tells you how many people have used that coupon code that day (so you know if it’s a good coupon code or a “dud”)
- None that I can think of!
Genius Move #5: Open a Digit Savings Account
I’m giving you a little bonus step here because it’s so cool. 🙂
Digit.co is a site that automatically saves money in an online savings account for you without you having to think about it.
You link the account to your regular checking account and then it uses a fancy algorithm to determine your spending habits. Based on your spending habits, it will begin automatically transferring a few dollars here and there from your checking account every few days to your Digit savings account.
They withdraws are so small, you don’t even realize it. But they add up quickly!
I started using Digit back in January 2015. Here’s a screenshot of my savings when I started.
Recently I had over $170 in the account!
I’ll do a full review on Digit savings soon, but here has been my experience with the service so far this year:
- Free account
- Save money without thinking about it
- Easy way to save towards vacation, emergency fund, etc.
- Withdraw and transfers money back to your checking quickly via text messages to Digit
- Sends daily text with checking account balance
- Will not overdraw your account. If it does (rare), Digit will cover any fees.
- Can stop, pause, resume transfers from your checking account at any time.
- Uses text messaging commands to transfer and without money anytime.
- Pays very little interest; not a place to store money long-term.
- No physical bank
So there you have it, folks! My 5…..well….6 awesome ways that I save money online.
It’s not rocket science, but it does take knowing how to layer your savings and discounts in order to get the best deals!
Have you ever heard of these sites? Do you use them already? What are YOUR tips for saving money online?