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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.

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      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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                  Published on January 8, 2021

                  How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

                  How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

                  Ever wondered whether your credit card debt is the reason you’re in a bad financial situation? You can’t enjoy any fun activities because a good chunk of your money goes toward debt payment. Heck, you’re even behind on some of your monthly bills.

                  The effects of clumsy debt management are too many to list here. This guide is going to help you discover how to pay off credit card debt fast and start chasing your financial goals.

                  Debt problems are the last thing anyone wants to encounter. But things can get out of hand when all the “little debts” you take accumulate in interests.

                  What if you knew some simple and proven ways to be debt-free quickly? Implementing them would mean better financial health for you. It becomes possible to free up cash for your “wants.” These include taking a trip or buying something you’ve always desired. All that while paying your bills on time!

                  Let’s not wait any longer. Here are 7 powerful tips for paying off credit card debt fast:

                  1. Pay More Than the Minimum Credit Card Payments

                  Many people only pay the monthly minimum on their credit cards. Truly, that’s the right amount for staying on good terms with your credit card company. But you need a different approach if you’re looking to achieve financial independence within a short time.[1]

                  Most of your payments go toward interest costs when you only pay the minimum amount. A substantial sum of your balance remains standing. As a result, it becomes more expensive to eliminate your debts.

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                  You don’t want to wait more than 10 years to get rid of debt while it’s possible to do it sooner. All you have to do is double that $100 minimum payment to $200 or go higher.

                  The good thing is that minimum credit card payments are affordable in most cases. By paying a higher amount, you reduce your interest costs, lessen your borrowing period, and boost your credit score.

                  2. Start With High-Interest Credit Card Debt

                  If you have more than one credit card debt, prioritize putting the extra money toward the ones with the highest interests. This debt pay-off strategy, known as the debt avalanche method, is essential for being debt-free quickly.[2]

                  First, you need to list down all the credit card debts you have in the order of their interest rates. Next, you choose the one with the highest interest and pay a significant amount toward it each month. It can be an amount twice or even thrice larger than the minimum payment.

                  At the same time, you make monthly minimum payments on the other debts. Their interest charges won’t be as costly as that of the first debt on your list. You only move on to the next high-interest debt after the first one is gone. Remember that your focus is on the interest rates and not the balances.

                  3. Revisit Your Budget

                  Budgeting is useful for tracking your financial moves. Once you create a budget, some tweaks along the way can make it work for you better. One situation that requires you to revisit your budget is when you’re struggling with debts. It might hurt a bit to slash some expenses. But you also don’t want to miss out on achieving financial freedom in the long run.

                  You can reduce some variable expenses to free up more cash for credit card debt payments. They’re the ones that change from time to time. Some examples are groceries, fuel, and clothing.

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                  Other opportunities for cutting down your spending lie in non-essential expenses. Instead of dining out all the time, you can cook at home more to save money. You can also share some subscriptions with friends and pay a fraction of the cost.

                  If you’re determined enough, you can eliminate all your unnecessary expenses and focus on paying off your credit card debt first.

                  4. Avoid Using Your Credit Cards

                  Do you want to know how to pay off credit card debt with a low income? One simple way is to stop using them. Having your credit cards everywhere you go means that you’ll be more tempted to buy unnecessary stuff. In this case, you spend money that you don’t really own and get deeper into debt.

                  The quickest fix to stop the debt build-up is spending with cash. You’ll be more aware of everything you can afford at any particular time. If you decide to keep one or two cards to ease the transition, always make wise choices. For instance, only use them when experiencing financial difficulties.

                  It’s best to categorize your fun activities under “discretionary spending” in your budget. This way, you won’t need more debt to kill your boredom. By halting your credit debt from accumulating, it’s easy to pay down what you already owe and be happy with the progress.

                  5. Start a Side Hustle to Boost Your Income

                  You’re probably turning away a lot of money by not monetizing your skills. Everyone has something that they’re good at doing. And you can use that to generate extra income for attacking your credit card debt.

                  If you look around your neighborhood, you can find several side hustle opportunities. It can be pet sitting, tutoring, or lawn mowing. You can start an online business by offering services such as digital marketing, content creation, and web development. Such skills go in high demand on freelance sites and job boards.

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                  Finding clients on social media is also a good strategy to utilize your skills and make more money. Facebook groups, Quora Spaces, and subreddits are some places to look for side jobs. You only have to join a niche-specific platform, share your services, and respond to any opportunities.

                  It’s possible to learn a skill, practice it, and earn from it. Use the free resources online or purchase some e-courses to get started.

                  6. Sell Your Used Items for Extra Cash

                  Starting a side hustle isn’t the only way to generate extra money. You can turn unwanted items into cash for paying off credit card debt. Whether it’s an old TV, book, or furniture, there is always someone itching to buy your used stuff.

                  A garage sale, as much as it’s old-fashioned, is perfect for getting your neighbors and passers-by to buy from you. You keep all the money because there are no business permits or taxes involved. While you may not make much cash, it’s better than leaving your stuff to go defunct in your storage.

                  Other than that, you can sell your used stuff on online marketplaces. Facebook groups are great places to start if you want quick approvals and hence sales. You only have to ensure that your listing follows Facebook’s commerce policies.

                  When selling any pre-owned items online, ensure they’re in good shape to avoid problems with your buyers.

                  7. Know When to Seek Help With Your Debt

                  Asking for help with your credit card debt can be challenging to do. But letting it drown you is a road you don’t want to take. While you may feel embarrassed at first, it’s the best way to get back on track when you run out of options.

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                  There are tons of non-profit credit counseling organizations that can offer you free guidance on how to escape the debt trap. An example is The National Foundation for Credit Counseling. They simply review your finances and help you determine the source of your financial problems. After that, they match you with an actionable debt management solution.[3]

                  In extreme cases, the debt solution can be:

                  • Debt relief – where your debt is partially or wholly forgiven
                  • Debt consolidation – taking out one loan to repay others
                  • Debt settlement – the creditor forgives a significant portion of your debt
                  • Bankruptcy – legal process for seeking relief from some or all your debts

                  It’s necessary to carefully weigh your options before deciding on the way to go. Find out how it might affect your credit score and any other risks.

                  Wrapping It Up

                  Debt is a major setback when you’re trying to prosper in life. Paying off credit card debt is essential if you want to reach your financial goals. That means having more free income, a good credit card score, and even a chance to retire early. You become more productive each day because of the peace in your mind.

                  So, you now have some tips on how to pay off credit fast. Go ahead and get rid of that good life progress killer!

                  More Tips on How to Pay Off Debt

                  Featured photo credit: rupixen.com via unsplash.com

                  Reference

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