Tuesday, July 16, 2024

How To Save Money On Your Purchases

When trying to build your savings account, it can be hard to cut your spending. Even if you stop buying your morning coffee and bring your lunch, you still have your everyday necessities, and those can quickly add up. So, if you’re seriously looking for a way to save as much money as you can, start looking for ways to save on those necessities. It just takes a little bit of forethought and planning to see a big difference in your bank account.

Used Or Refurbished

If you need a new phone or TV, your first instinct might be to look for sales. While that is a good start, you should consider looking for items that have been previously used or refurbished. Many used phone stores have a great deal of used refurbished iPhone XR for a fraction of the cost you would get them new. You can often save hundreds of dollars on a transaction, and many of the items are barely even used.

Discounted Gift Cards

When you’re doing your everyday shopping, you likely already look for coupons. Therefore, the next step is to buy discounted gift cards for places you already use. Many big box stores sell gift cards for restaurants, movie theaters, and retailers for a discount. You can get often find gift cards worth $100 selling for $80.

There are also websites that purchase gift cards that people don’t use. Those websites then resell the gift cards at a discounted price. Sometimes you can find them for as much as 35% off the total amount.

Cashback Opportunities

Because you have to spend money to survive, you should find ways to have your money make you even more money. Many companies are starting to offer credit cards that give a percentage of cash back every year based on what you spend.

You can also apply for credit cards that give varying cashback amounts. Some offer as much as 5% percent back on travel or dining out. When looking for reward credit cards, make sure you look at the annual costs associated with each card. Additionally, you should only use credit cards if you are able to pay them off in full each month. It doesn’t make sense to pay interest to the credit card company when you’re trying to save money.

If you don’t want to use credit cards, there are websites that you can shop through using their affiliate links. In turn, the website pays you back in points that can then be exchanged for cash.

Kody Zoie
the authorKody Zoie