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3 Amazon Shopping Tips That Will Save You Money

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3 Amazon Shopping Tips That Will Save You Money

Amazon is arguably the most popular eCommerce retail website in the world. It’s pretty hard to beat in terms of product range, discounts and sales, free delivery, speed of delivery, support, and pretty much anything else.

With such a fantastically competitive offering it’s easy for us Amazon shoppers to become complacent and assume we’re already getting the best possible prices on everything we buy there. But we’re not. Here’s why!

With so many different sellers on Amazon – there are currently a few million third party sellers competing via Amazon’s online marketplace – it is virtually impossible to search through every new offer all the time. There’s so much information there that the truly awesome deals can get hidden in all the white noise.

That’s why, if you’re serious about saving money when shopping for top quality products, you have to start making use of the some online tools and services that can do the job for you. Fortunately, there are plenty of free services that can save hundreds of dollars (possibly more) on your next big shop.

Find The Best Deals On Amazon Best Sellers

Ok, so it’s quite easy to find lists of best selling items all over the Internet. From the NY Times best-seller lists, to Amazon’s top 1000, lists of top selling products are ubiquitous. But finding the best deals and biggest discounts on these best selling items is not so commonplace. Fortunately, there’s a freely available tools that does just this.

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RankTracer’s Amazon best seller page not only returns a list of the best selling products on Amazon, it also goes through each product and finds the best deal or discount to return to you at the same time. This means that your best seller list now has extra information directing you to the biggest available savings on those products.

Here’s an example of their results showing the biggest deals on the best selling books:

amazon-best-sellers-books

    So far so good. But what if you don’t necessarily want to buy one of the top 10 items in a given category?

    Fortunately, this tool offers two methods of searching for discounts on products; the first is ‘by category’ (i.e. books, electronics, clothing, etc) and the second is by keyword (i.e. ‘pressure cooker’, or ‘frozen princess doll’). This makes it a cinch to narrow down the search to any specific product you like and find the best available deal on it.

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    I decided to look for discounts on a gift for my niece (she loves Frozen), and here’s a few deeply discounted items I found:

    amazon-best-sellers-frozen-crocs

      amazon-best-sellers-frozen-toybox

        amazon-best-sellers-frozen-dress

          Not bad for twenty seconds worth of effort, right? That’s about $48 in savings over three products. Not bad considering the total list prices for all three comes to $94.97 – making those discounts a touch over 50%.

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          But what happens if there is a specific thing you want to buy but there’s isn’t currently a discount or sale on offer? Well, if you don’t mind being patient and waiting a bit you can either check back each day or you can automate the process of tracking a product’s price over time and receive alerts when the price drops.

          Track Product Price Drops

          There are a bunch of Amazon product price tracking tools available online. The one I use is CamelCamelCamel because it is quick and easy to use and, above all, free. To get a feel for the type of data they can provide on Amazon sales prices, here’s price data for the same ‘Disney Frozen Enchanting Dress – Elsa‘ item shown in the previous section:

          amazon-best-sellers-ccc-frozen-dress

            What’s super interesting about this graph is that it show the dress actually went down to as low as $6.14 sometime in late October/early Novermber of 2015. Basically, the current price ($15.77) is about average – it’s been a lot cheaper and it’s been more expensive too.

            It’s worth noting that RankTracer’s Amazon best seller page actually returned a better price for this item. CamelCamelCamel quotes a best price of $15.77 today, whereas RankTracer quotes the best price at $13.49.

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            Go To The Source

            If you’re serious about really finding the best bargains available it may be time to go straight to the source. Amazon’s staff do a fantastic job of coming through popular products and finding the ones that offer simply massive discounts (sometimes more than 60%) and add ’em all to their Gold box deal page.

            You can also make use of their wide range of filters and search criteria to help find items you’re interested in. The problem is that there is no real search feature and the list is created by someone else – meaning you may not find the items you’re after. I narrowed down the Gold box deals to girls fashion hoping to find the Frozen dress:

            amazon-best-sellers-goldbox-girls

              Hmm, not ideal.

              So while the Gold box page offers incredibly low prices and massive deals that will save you plenty of cash, it can’t offer every product in their catalog and so can end up being of limited use. But, if you’re searching for gifts and not specific items then this page is absolutely perfect.

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              So those are my top three tips for getting the most out of your Amazon shopping. How much money have you saved by using the above-mentioned tools and resources? What other strategies do you use to save money on Amazon? Share your tips in the comments.

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              Last Updated on July 20, 2021

              Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

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              Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

              Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

              Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

              Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

              In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

              Break Free of Your Finances

              Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

              When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

              Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

              Though it seems hard to believe, it is really very simple to get financial freedom.

              To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

              While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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              Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

              1. Stop Unnecessary Spending

              We often spend money inwardly, instead of objectively.

              For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

              To stop this habitual spending, log down all your spending over the course of a month.

              Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

              This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

              2. Plan a Monthly Budget

              This is a great opportunity to get serious.

              Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

              Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

              3. Cut-up Credit Cards

              Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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              If not, you may want to consider ridding your life of the burden that credit cards bring.

              Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

              Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

              4. Increase Savings

              There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

              It’s good practice to save up to 15% of your income.

              Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

              Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

              5. Invest Wisely

              Consider investing in funds.

              Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

              To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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              Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

              6. Invest in Gold

              There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

              You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

              Another way to invest in gold is through ETFs (Exchange Traded Funds).

              These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

              With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

              7. Stash Emergency Funds

              Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

              If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

              Make it hard to get your cash.

              Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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              8. Find Fabulous Mentors

              Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

              If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

              There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

              9. Be Extra Patient

              Patience is the key of financial success.

              Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

              So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

              Financial Freedom for All

              Anyone can achieve financial freedom, regardless of their financial circumstance.

              Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

              Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

              Featured photo credit: rawpixel via unsplash.com

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              Reference

              [1] Hartford Gold Group: IRA Retirement Accounts

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