With a little effort on your part, you can save money on online purchases throughout the year adding up to hundreds of dollars and more. These top 5 tips for saving online in 2020 should be used in combination to maximize the savings.
1. Cash back credit cards
Summary: Get 1-5% cash back ( or equivalent ) on your purchases.
Details: If you are buying online then you most likely will be paying with a credit card (directly or thru PayPal) so why not have the credit card company give you some “cash back” when you use it. Just apply for the right type of card, get approved, then you are set for years to come. Also try to pay high dollar bills such as doctors and car insurance using these cards if the payee accepts the card and there is no additional fee involved. If you do just this one tip, you may be saving hundreds online in 2020.
Fidelity is one of the top investment firms in the United States. You will need to have a Fidelity account ( easy enough to open ), then after your “cash back ” is added to your account you can collect interest, test your stock purchasing skills ( commissions are $0 !), or withdraw it.
If you are Prime member heavy into Amazon purchases then this card may be an great additional card for you.
2. Coupons and promo codes
Summary: No longer are coupons just on paper, online coupons are flying around online waiting you to grab them. Many coupons save 10-30% and more.
Details: The place to start your search would be the online site for the store you are interested in. Then check other sources for “secret” and “hidden” coupons or the ones you just overlooked. If you are going to be using “cash back” with a portal site then you should only use coupons provided by the portal site or the store ( using a coupon related to a different portal site may invalidate your cash back on the purchase).
Example – you got the standard 15% Kohl’s coupon in the mail and not the 30% off one. Check online and you just might find that 30% coupon code to make your online purchase.
Navigate to BeFrugal then in search field, put in the name of your store you are looking for coupons for. Copy the code, then when checking out in your store, paste in the code in the Coupon or Promo field.
Navigate to CouponCabin then in search field, put in the name of your store you are looking for coupons for. Copy the code, then when checking out in your store, paste in the code in the Coupon or Promo field.
3. Cash back "portal" sites
Summary: Before going to your favorite online store to buy, first go to a “portal” website, then click on your desired online store logo which l then forwards you to it. This way the portal site gets a commission from your online store (after a few weeks) and they in turn give you a cut of that commission which is usually 1-10% of the purchase price ( varies by store ).
Details: Nowadays online store are falling over themselves eager to get customer to buy from their online store. These stores will give commissions to others who help them find customers. This is your way to get a piece of the action. You will need to setup an account with the portal site, then a few weeks after the purchase, “cash back” will be deposited into your account. Later you can request your balance be paid to you via PayPal, gift card or other means. During certain times, like holidays, the percent you get back will go up significantly for a few days. You must create an account with the portal before using this strategy after all they need the account to put your “cash back” into. You may want to signup with more than one so that you can pick the one that is currently giving the most “cash back”. Just by doing this one tip, you may be saving hundreds online in 2020.
Read more on top cash back sites compared here.
View current cash back percent for top online stores here.
Top Pick Combination
4. Wait for a sale
Summary: If you are willing to wait and keep an eye out for your treasures to go on sale, then sit by, wait and watch.
Details: There are the usual holiday sales (Black Friday, Christmas…), but besides those periods, the prices of those great items you want can go up and down. You can signup with the online store to get on their email list so that you get notified of store wide sales. But there are other ways to monitor for deals.
Signup for an account at SlickDeals then go to their “Deal Alerts”, pick a category, enter some text to key off of. Then whenever an item matching that category and keyword are reported as a “good deal” to them, they will send out an email notification to you. Does work nicely.
SlickDeals is also a great way to browse for deals reported by others to them. But if you buy via the links on the site you will NOT get “cash back”, instead go to your favorite “portal” site to buy.
Yes its name is 3 camels. This is for monitoring Amazon price changes. Signup for an account at CamelCamelCamel then you can set it up to get notified with the price on Amazon drops below a certain set price you set. You can also view a chart of the past prices over the months for an item you are interested in.
If you buy via their links, you will NOT get “cash back”, instead go to your favorite “portal” site to buy.
5. Return It
Summary: Not happy with your purchase, well just return it. Most online and brick and mortar stores want you to be happy with your purchase so you will come back.
Details: This can save a lot of money (the full purchase price!) if you really don’t like it. You can return it if its easy the process is easy enough for you, And if a store (online or not) has a satisfaction guaranteed policy, most all items can be returned ( even a not so tasty steak you bought at your grocery store).
Most item purchased from online stores can be returned to their brick-and-mortar store or can be mailed back to them (usually with a mailing label that they provide to you) .
Here is how easy returns are for Amazon ( other online stores are following its lead and may offer similar ease )-
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