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Online Shopping Tips to Save You Money While Scoring Major Discounts

Online retailers seem to be becoming more and more creative these days to score big with shoppers. However, if you are a smart deal hunter or would just love to get major discounts without a lot of efforts, try using these ten clever online shopping tips.

  1. Outwit the dynamic pricing trap

Dynamic pricing is a sneaky strategy online merchants offer use to show different prices to different customers according to your location, your browsing and spending patterns and current demand of the product. Have you ever found dirty cheap airfare that went 30% higher when you checked on the next day? That’s dynamic pricing in action. As this technique gotten incredibly sophisticated, most retailers are perfectly aware of your price point and may show you a higher price compared to someone else who pays less in online purchases.

 

  1. Shop at the right Day

Even if it seems tempting to spend your lazy Sunday afternoon browsing around various retailers, don’t cash out too fast. Most stores roll out discounts and special deals on Wednesdays, Thursdays and Fridays. However, Sunday is the best day to score cheap airline tickets with Monday being the most expensive, according to Airlines Reporting Corporation who analyzed over 130 million domestic and international over the period of 19 months. Numbers speak for themselves: $432 is the lowest average price for a round-trip ticket on Sunday; $439 is Saturday’s average, while Tuesday – the former “cheapest day to buy airfare” turned out to average $497.

  1. Use multiple coupon codes strategically

If the website allows you to combine different coupons and promo codes at the checkout, use them in the right order. Say you have a promo code for a 20% discount and a coupon for 10$, apply 20% promo code first. That will subtract 20% from the full price, afterwards you can dig more savings with your $10 discount coupon

  1. Ask for price-drop refunds

Say you’ve purchased an item yesterday, but when you checked the next day, it was now on sale. Pretty frustrating, right? However, some companies will refund you the price difference if you contact them directly within a certain amount of days. For instance, Amazon will issue you a refund if you notify them within seven calendar days from the delivery date. Use Camelcamelcamel.com to monitor price changes at Amazon.

Some credit cards also go with price protection. That is, no matter where you shopped – you will refund the difference if the price dips within a certain amount of days. These include Barclaycard Arrival Plus™ World Elite MasterCard®, Citi® Double Cash Card and more.

  1. Take advantage of smart reward programs

Some apps offer you to redeem special bonuses for doing certain actions. You can earn kicks by doing paid online surveys or merely browsing around product catalogs with ShopKick that can be exchanged to gift cards or special discounts. Swagbucks TV allows you to earn swagbucks for simply watching videos and redeem them as discounts from different online merchants.

Case Happy offers 1 point (equals to 0.05£) for each pound you spend on their goodies – lovely Ipad, Kindle and tablet covers. Points can be redeemed as coupons with your next order with no limits on spending. Basically, you can get the 2nd product for free. If you are into designers clothing, check out Guilt Insider loyalty program. You get early access to sales and a bunch of special discounts, plus you earn 5 points for each dollar spent, 35 points for liking them on Facebook and so on. Points can be exchanged for free shipping, exclusive access to flash-sales and a number of other perks. Amazon nails it with Amazon Rewards Visa card with $50 sign up bonus and 3 points added for each dollar spent.

www.lifehack.org/articles/money/10-online-shopping-tips-savemoney

 

 

Saving Money

5 Steps to Saving Money

5 Steps to get started with Saving Money

 

Costs add up fast, and building your
savings can seem like a pipe dream. But small changes now can yield big
benefits later. Follow these basic steps to start making meaningful progress
toward a brighter financial future.

1.
Think
one percent at a time

Resolve to put
just one percent of your income into savings over the next month. By doing so,
you’ll flip an important mental switch: Before, you were someone who wasn’t
saving for the long term, but now you are. That’s a key difference, because
it’s much easier to ramp up your savings if you’ve already formed the habit. So
however modest, take the first step.

2.
Get
analytical about your budget

You may think
you have no breathing room, but take a hard look at the money you shelled out
over the past month. Divide every cost into two categories: “need” and “want.”
Then go through your “wants.” Are you getting manicures when you could touch up
at home? Friday night takeout pizza when frozen would do? Reduce those extra
expenses to
create space in your budget
for regular saving.

3.
Prioritize
your future self

Each month, you
pay regular bills: your cell phone, your student loan, your rent. Add someone
else to that list: your future self. When you treat savings as mandatory, you
make it that much easier to stay serious about
staying on track.

4.
Make It
Automatic

Once you’ve
figured out how much you want to save each month, and you’re
confident you’ll pull in enough income to meet that goal, you can set
up automatic transfers between your checking and savings accounts. By
automating deposits, you can eliminate the temptation to redirect your
extra money to other things.

5.
Go
Slow and Steady

Saving money for a
down payment on a house, an emergency fund or a hard-earned vacation might seem
an impossible hurdle. But remember that you can achieve your most ambitious
savings goals if you work toward them gradually and in small increments. By
forming the basic habit of saving and by sticking to specific, attainable
goals, you’ll lay the groundwork for a lifetime of financial progress.

 

Better Money Habits
In Partnership with KHAN ACADEMY