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10 Groupon Hacks To Save More Money

10 Groupon Hacks To Save More Money

Do you love Groupon? It is useful in lots of different ways; you can try out new activities in your area, make holidays cheaper, and discover new hobbies. But did you know that there are ways to get even more savings from Groupon?

Check out 10 tips to help you save money with Groupon.

1. Refer Your Friends

If you have any friends who love deals too, recommend they join Groupon!

For every friend you refer, you will get $10 in Groupon bucks when they make their first purchase. All you have to do is sign in and click on your name in the top corner, then click “refer a friend” from the drop-down menu. A quick and simple way to make your purchases on Groupon even cheaper!

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    2. Check For Extra Charges

    One of the most expensive parts of Groupon is the hidden extras, such as shipping fees and the gas you need to get there. Watch out for the hidden fees before you purchase so you know exactly how much you are paying and what for.

    Another great way to make the extra fees cheaper is to wait until holidays, such as Easter and Valentine’s day, when Groupon offers extra discounts.

    3. Subscribe For The Best Savings

    Instead of checking the site whenever you remember, subscribe so that you are alerted to all of the best deals. Often you will see many more offers that are perfectly suited to you. Another useful tip is to subscribe to any cities you plan to travel to in the near future to help make your trip even cheaper!

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    4. Get Social With Groupon

    If you tweet about your personal favorite Groupon purchases, Groupon will personalize your offers so they are more suited to your own interests. This is a great way to filter out the offers you are less interested in and replace them with improved offers.

    ExtraSavings

      5. Only Search Through the ‘Best Of Groupon’

      To save some serious money, only search through the ‘Best Of Groupon.’ This part of the site offers the best deals – normally 50% or even more. This is one of the easiest ways to save money on Groupon.

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          Bestof

              6. Read The Fine Print

              With every Groupon deal, there is a section called the ‘Fine Print’. Instead of being pages long, there is just a brief description of everything you need to know – including parts that may ruin the deal. For instance, some offers are only available if you haven’t already used them in the last month – handy to know before you buy!

              7. Sell Your Unused Vouchers

              Often there are offers so good on Groupon that you don’t want to miss out – only to regret your purchase an hour later. If you make an inpulse buy that you later regret, you can always sell your voucher on CoupFlip, a website were people can sell great coupons and vouchers.

              CoupFlip

                8. Know What You Are Looking For

                Do you want to take a short vacation, make a day trip, or buy something for your home? It is useful to have an idea of what you want before you look on Groupon, as the deals can be different every day. That way, you can make sure you get exactly what you want!

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                9. Check Out Groupon Online

                Another handy way to keep up with the best deals on Groupon is by following them on Twitter. Here, they frequently showcase new deals and offers – and if you want, you can even tweet them with suggestions of offers you’d like to see in the future.

                Social

                  10. Get Groupon For Your Mobile

                  The free Groupon app is a nifty way to win as many savings as possible, even when you’re on the go. The app uses your location, so you only ever get deals that are in the area you are currently in. It’s a great way to filter out deals that you’re not interested in so you can focus on the useful deals!

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                  Amy Johnson

                  Amy is a writer who blogs about relationships and lifestyle advice.

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                  Last Updated on June 6, 2019

                  The Average Retirement Savings and How to Save Wisely

                  The Average Retirement Savings and How to Save Wisely

                  Are you on track for retirement?

                  If not, don’t worry, I’m not sure either. I save each month and hope for the best.

                  Fortunately, I’m at an age where most people don’t save so I’m ahead of the curve.

                  But, what if you aren’t in your 20s? What if you’re near retirement and are looking to gauge where you stand?

                  If so, keep reading. Here’s how to prepare for retirement and save wisely during the process.

                  What Does the Average American Have Saved for Retirement?

                  Saving for retirement is tricky.

                  Tell someone straight out of college to save $10k a year for retirement and it’ll be next to impossible.

                  Make the same request to someone decades older and they’d be more likely to be able to save this amount. But, a 20-year old college student can be “financially ahead” of someone saving more than them. Why?

                  Age matters in your financial journey. The younger you are, the more time you have to save and put compound interest to work. As you get older and have more saving power, you’d have less time to put compound interest to work.

                  Here are the average savings Americans hold by age bracket:

                  20’s – $16,000

                  During this stage, most people are paying loans and moving up the corporate ladder. Your best bet during this stage is to focus on eliminating debt and increasing your income. Don’t focus only on getting a high-paying job neither.

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                  Instead, focus on learning via Podcasts, reading books, and taking specialized courses. Doing this will make you more valuable and give you more career options.

                  30’s – $45,000

                  At this stage, you’ve hopefully escaped your entry-level salary and work at a career you enjoy. Your earning power has increased but you now have more obligations. For example, marriage, kids, and a mortgage.

                  Set a plan to pay off all your debt and focus on eliminating unnecessary expenses. Leverage financial tools like Personal Capital to ensure you’re on track for retirement.

                  40’s – $63,000

                  This is the stage where you’re at the prime of your career. Top financial institutions recommend you have at least 2 to 4 times your salary saved up. If you’re falling behind, start maxing out your 401K and Roth IRA accounts.

                  50’s – $115,000

                  During your fifties, you’re close to retirement but still, have time to save. You may be helping your kids pay college tuition and other expenses. Since you’re at the peak of your earning power, max out all your retirement accounts.

                  60’s – $172,000

                  By this point, you should have about eight times your salary saved up. If not, you’ll depend primarily on social security benefits averaging $1400 per month. Max out all your retirement options as much as possible before retiring.

                  Ways to Save Money on a Tight Budget

                  The sad reality is that most Americans aren’t saving enough for retirement.

                  Even high-earning power isn’t enough to secure one’s financial future. You need to have the discipline to save for retirement while time is in your favor. Don’t wait for you to have a high salary to save, start with having a small budget.

                  First, get a clear picture of where you stand. Write down a list of “needs” and “wants.” For example, Netflix and Amazon Prime are “wants” and a “cell-phone” is a need.

                  Use tools like Personal Capital to analyze your spending patterns. Personal Capital allows you to add all your financial data in one place–making it a powerful option to gauge where you stand.

                  Once you know all your expenses, organize them from highest to lowest expense. When you can’t cut more expenses, call your service providers to negotiate a lower price. If you’re not good at negotiating, use services like Trimm to lower your monthly expenses.

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                  How to Save Money Each Month

                  By this point, you know the average amount of money you should have saved for retirement based on your age.

                  But, breaking this down into monthly goals can be challenging. Here are some rule of thumbs to follow:

                  Aim to contribute 10%–15% of your salary each paycheck. Review your progress each week.

                  Why so often? The reality is that life gets in our way and you will have many financial setbacks. Your goal isn’t to be perfect but to get back on track instead.

                  Reviewing your finances weekly lets you know where you stand with your retirement. This doesn’t have to be a long process either. All it takes is login in Personal Capital to view your net worth and check how much you have saved for retirement.

                  Turn saving into a game and aim to save more each month. It will get challenging but you’ll get creative and find more ways to save.

                  Top Money Saving Challenge Tips

                  To prepare for your financial future and not be another statistic you need to be different.

                  How?

                  By adopting new habits that’ll help you become a saving machine. Here are some ways you can save more:

                  Automatically Contribute Towards Retirement

                  If you’re working for a company, you can automatically contribute towards your 401k. If you’re not currently contributing more than 10%, make this your goal. Contribute 1% more today and automatically increase this amount a year from now.

                  Odds are that you’re not going to be negatively affected by contributing 1% more. Many times we spend our money on things we don’t need. Contributing more towards retirement is a great way to secure your financial future.

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                  Use the Right Tools to Know Where You Stand

                  Once you’re contributing more towards your retirement accounts, gauge your progress. Make use of finance tracking apps to help you view the big picture of your retirement.

                  When I’d first signed up for the app Personal Capital, I didn’t know I had a negative net worth. Despite saving thousands of dollars, my debt brought my net worth to the negative. Knowing this motivated me to save more and spend less.

                  Now, I have a positive net worth. But, it was because I was able to view the big picture using the app. Find out what your net worth is using a finance tracking app and you may surprise yourself.

                  Bring in Experts to View Your Blind Spots

                  If you have too little or too much money saved, you should consider hiring financial experts.

                  Why?

                  You may need someone to hold you accountable to help you reach your financial goals. Or, you may need help managing your money as effective as possible.

                  Regardless of the reason, getting help may help improve your financial situation.

                  Before you hire an expert, find out which areas you need help the most. For example, if you’re constantly overspending, find a debt counselor. If you’re struggling with choosing the best investment options, hire a financial advisor.

                  Speed up Your Retirement Contribution

                  After learning how to manage your money well, the next best thing is to earn a higher income.

                  You’re capped at how much you can save but not much you can earn. Even if your employer isn’t giving you a promotion, you can still take charge of your financial future. How?

                  By starting a side-business.

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                  This will be something you’d work on after you’ve finished your day job. Once you start earning income from your side-business, you’ll be financially better off.

                  The best part is the more work you put into your side-business,[1] the more potential it has to earn more money.

                  So start a side-business in an area you’re familiar with. For example, if you enjoy writing, do freelance writing for small e-commerce businesses.

                  Once you’re earning a higher income, you can contribute more towards your retirement. Don’t wait for the right opportunity to secure your financial future, create one.

                  Reach Financial Freedom with Confidence

                  What if you were able to retire tomorrow with no problem, all because you’d have enough money saved up and little to no debt left to pay off? How would you feel?

                  My guess is that you’d feel happy and relieved.

                  Most Americans are falling behind their retirement goals for many reasons. They’re not prepared, they carry bad money-habits and are thinking short-term.

                  For you to retire successfully, you need to work backward and adopt better habits. Contribute more towards your 401K and focus on growing your income.

                  If you do, you’ll save money and pay debt faster.

                  Don’t beat yourself up if you’re behind your retirement goals. Take the first step today towards a brighter financial future. Isn’t retirement worth the hard work and sacrifice to be at peace?

                  Featured photo credit: Huy Phan via unsplash.com

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