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10 Online Shopping Tips To Save Money While Scoring Major Discounts

10 Online Shopping Tips To Save 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.

To get a less biased price you should:

  • clear your browsing history and cookies in particular
  • log out of your accounts (email, G+, Facebook etc)
  • switch to incognito mode or better take advantage of online anonymous browsing with Tor browser
  • choose localized website versions instead of being redirected to US
  • choose less developed countries as home to get better prices when searching for airfare

2. Shop at the right day

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    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.

    According to Rather Be Shopping, Tuesday is the best day to purchase laptop and desktop computers as major retailers like Dell Home and Hewlett-Packard send out special coupons every Tuesday. Saturdays are bookworms’ specials as Amazon and Barnes & Noble launch numerous books on sale, targeting readers who love spending a weekend with a new fine read.

    3. 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.

    4. 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.

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    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.

    5. 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.

    6. Bargain with the customer service

    Just discovered a juicy coupon at your email to realize it has expired two days ago? Fret not! Ring up the hotline and ask if your coupon can be extended as you are about to make your order. Typically, sales reps are interested in closing the deal and will either give you a new promo code or extend the existing one. It may not work each time, especially with low-priced items, yet it is always worth trying.

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    Alternatively, you can use live time chats now available at most websites. Be polite and ask a few questions about the product you’d like to buy and then inquire if there’s any sort of discounts they possibly may have. It’s not a well-known fact, but chat support can issue special promo codes that are not widely available.

    7. Organize your emails

    Signing up to newsletters, coupon sites and promotion lists can save you a huge bucks, but you are too reluctant about getting your email spammed? Try Unroll.me – a handy email add-on that lets you instantly unsubscribe from junk emails and de-clutters your inbox by sending one digest email a day summarizing your preferred subscriptions. Just choose the time of the day when you’d like to receive it.

    8. Run smart comparison checks

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      To avoid overpaying and scoring absolutely best deals online, install PriceBlink browser add-on (available for Chrome, Mozilla, Safari). It will save you tons of time by automatically pulling the prices for the same product from numerous merchants, organizing them in a smart chart and even notifying you if there are any coupons available.

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      Alternatively, you can try Pricegrabber app that does the same thing, plus can scan bar codes and provide “bottom line prices” that include taxes, shipping and other add-on expenses.

      9. Leave items in your cart

      Leave the products in your cart and step away for a day or two. Firstly, you’ve just avoided making an impulse purchase. Secondly, most retailers hate unclosed deals and will try to retain you. Stores that send coupons or offer a better price on the next day include Bed Bath & Beyond, Macy’s, JC Penney, Office Max and much more.

      Remember the trick works only when you have an account on the merchant’s website and you are logged in when you leave your cart.

      10. Accumulate more coupons with multiple email addresses

      Some stores love sending huge single use coupons to a selected group of their customers. Increase your chances of saving the big bucks by signing up to their newsletter with multiple email accounts. Now imagine how much money you will receive with three 50% discount codes for one full-priced item purchase, instead of one.

      Featured photo credit: Tim Reckmann via flickr.com

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      Last Updated on January 2, 2019

      How Personal Finance Software Helps You Get More Out of Your Money

      How Personal Finance Software Helps You Get More Out of Your Money

      Do you know what mental health experts point to as the biggest cause of stress in the United States today? If you said “money,” then ding, ding, we have a winner!

      Three out of four adults today report feeling stressed out about money at least part of the time. People are either worried about not having enough money or whether they’re putting the money they do have to use in the best possible way.

      Your money is either in charge of you or you’re in charge of it, there’s no middle ground. Using some type of personal finance software can help alleviate some of that money stress and better allow you to manage your money effectively. Without it, you may just be setting yourself up for constant financial worry. Life is already tough enough and there’s no need to make it more difficult by simply hoping your money issues will all work out in your favor. Hint: they won’t.

      This guide will help you to understand how personal finance software can better assist with both accomplishing long term financial goals and managing day-to-day aspects of life.

      Whether it’s tracking the savings plan for your child’s college fund or making sure you won’t be in the red with the month’s grocery budget, personal finance software keeps all this information in one convenient place.

      What Exactly is Personal Finance Software?

      Think of it like the dashboard in your car. You have a speedometer to tell you how fast you’re going, an odometer to tell you how far you’ve traveled, and then other gauges to tell you things like how much gas is in the tank and your engine temperature. Personal finance software is essentially the same thing for your money.

      When you install this software on your computer, tablet, or smartphone, it helps to track your money — how much is going in, how much is going out, and its growth. Most personal finance software programs will display your budget, spending, investments, bills, savings accounts, and even retirement plans, levels of debt, and credit score.

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      How It Leads to Financial Improvement

      It shouldn’t come as a surprise, but people who regularly monitor their finances end up wealthier than those who don’t. When you were a kid, keeping track of all of your money in a porcelain piggy bank was pretty easy. As we get older, though, our money becomes spread out across things like car payments, mortgages, retirement funds, taxes, and other investments and debts. All of these things make keeping track of our money a lot more complicated.

      Some types of personal finance software can help make things a little less complicated, setting you up to meet financial goals and taking away some of the stress associated with money.

      Even if you already have a Certified Financial Planner (CFP) some type of personal finance software can be of great benefit. Whereas CFPs focus on the big picture of your money, they don’t handle the day-to-day aspects that determine your overall financial health.

      It’s also not nearly as complicated as you might think and can take out a lot of the tedium that comes with doing everything on an Excel spreadsheet or with a pad and pencil.

      Types of Personal Finance Software

      When it comes to personal finance software, it generally fits into two categories: tax preparation and money management.

      Tax preparation software such as Turbo Tax and H&R Block’s software can help with everything from filing income taxes to IRS rules and regulations and even estate plans. Plus, there’s the benefit of filing online and getting your refund check a lot faster than if you were to mail off your forms after waiting in line at the post office.

      For the purpose of this article, however, will be focusing more on the personal finance software that aids with money management.

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      Money management personal finance software will help you to see the health of your cash flow, pay down debt, forecast for expenses and savings, track investments, pay bills, and do a host of other things that 30 years ago would have practically required a team of accountants.

      When to Use Personal Finance Software

      So far we’ve gone over what exactly personal finance software is and how it can be a benefit to your money. The next logical step in this whole equation is determining when it should be used and how is the best way to go about getting started using it.

      Below are four of the most common and practical ways to use personal finance software. If all or any of these apply to you and your money, then downloading some type of personal finance software is going to be a smart move.

      1. You Have Multiple Accounts

      There’s a good chance that when it comes to your money, it’s in more than one place. Sure, you probably have a checking account, but you may also have a savings account, money market account, and retirement accounts such as an IRA or 401k.

      If you’re like the average American, you probably have two to three credit cards as well. Fifty percent of Americans also don’t have loyalty to just one bank and spread their money across multiple banks.

      Rather than spending hours typing in every detail of every account you have into a spreadsheet, many programs allow you to easily import your account information. This will help to eliminate any mistakes and give you a bird’s eye view of everything at once.

      2. You Want to Automate Some or All of Your Payments

      Please don’t say that you’re still writing out paper checks and dropping each bill in the mailbox. While it’s noble that you’re doing your part to keep postal workers employed, we’re 18 years into the 21st century and you can literally pay every bill online now.

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      There’s no need to log into every account you have and type in your routing number either.

      With personal finance software you can schedule automatic payments and transfers between all of your imported accounts. Automatic transfers will help to make sure you have the necessary funds in the right account to ensure all bills are paid on the appropriate date. Late fees are annoying and do nothing but cost you money. It’s time that you said goodbye to them once and for all.

      3. You Need to Streamline Your Budget

      Perhaps the best feature of personal finance software is that it allows you track everything going in and out of your virtual wallet.

      Nearly every brand of personal finance software out there has easy-to-read graphs and charts that allow you track every cent you spend or earn, should you choose. You might be pretty amazed when you see just how much you spent on eating out last month or if you splurged a little more than you should have on Christmas gifts last year.

      Every successful business on the planet has a budget and using personal finance software can help you trim the fat on your spending in ways that affect your everyday life.

      4. You Have Specific Goals to Meet

      Maybe it’s paying off debt or saving for up something like a European vacation. Whatever your financial goal is, whether it’s long-term or short-term, personal finance software programs are one of the savviest ways to go about reaching those goals.

      You can do everything from set spending alerts to notify you when you’re over budget to automating what percentage of your paycheck goes to things like retirement investments. The personal finance software that you choose should show you exactly how close you are to hitting those goals at any given time.

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      How to Get Started

      From AceMoney to Mint and Quicken, there ’s no shortage of personal finance software apps out there. Many of these programs are free to download and will allow you to pay bills, invest, monitor your net worth and credit profile, and even get a loan with the swipe of a finger.

      Other programs may only offer you limited services and will require a one-time fee or subscription to unlock all that they offer. These fees can often vary from as little as two dollars to 50 bucks a month.

      It’s best to start off with the free version and then gauge whether you’re able to accomplish everything you’d like or if it’s worth exploring one of the paid options. Often times the subscription programs come with assistance from financial planning and investment experts — so that can be a real benefit.

      When deciding which personal finance software program to use, it’s also important to look at how many accounts you wish to monitor. Certain programs limit the number of accounts you can add. Be sure that if you have checking, credit card, and investment accounts to monitor, that you choose a service that can monitor them all.

      Finally, when looking around for the right personal finance software that meets your needs, make sure that you’re comfortable with the program’s interface. It shouldn’t be expected that you recognize every single feature instantly, but if the features don’t seem readable and manageable to you, then you’re not as likely to use it and get the full benefits.

      Final Thoughts

      Personal finance software can go a long way in helping you to take control of your money and meeting your financial goals. It’s important to note, however, that some focus more on budgeting and expense tracking while others prioritize investing portfolios and income taxes. Explore several different programs and read reviews to find the one that’s right for you.

      In this day and age, managing one’s personal finances in a secure manner that allows the user to have a real-time visual representation of their money is easier than ever before. With the numerous applications that are out there — both free and subscription-based — there’s no reason that every person can’t take control of their money and ensure they’re making smart money moves.

      Featured photo credit: rawpixel via unsplash.com

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