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6 Ways to Save Money on Amazon that You Probably Never Knew

6 Ways to Save Money on Amazon that You Probably Never Knew

If you’re reading this, you probably love shopping on Amazon just like I do. And if you’re anything like me, you also want to buy as much as you can and save money in the process. Well, you could wait for the sales season to do all of your shopping. But if you want to save money on Amazon right now, there are ways to do it. And here are six ways you could do just that.

1. Amazon Warehouse Deals

Not many people know this even exists! But hey, you could save a lot of money by going to this page and browsing through the deals.

You probably haven’t seen this page before, and I won’t blame you. It’s carefully hidden in the Today’s Deals page. It’s the sixth link on the top link bar, right beside the Deals and Bargains link.

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I found a great HDTV here at almost 30% off, which I now use for console gaming. Sure, there were some dents and scratches, but they were in places that were not visible anyway. I still enjoy playing my NBA2K15 with my friends in HD quality. And yes, they don’t notice the scratches at all!

2. Amazon Outlet

This is another one of those hidden links in the Today’s Deals section. Amazon places their products on markdowns, clearance items and overstocks in this Outlet section.

You can’t find every type of product you want here, but what’s really neat is you could browse item categories depending on how much savings you want. For example, you could go to the Television and Video section and choose products that would give you a 50% discount.

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3. Add Items to Your Shopping Cart, but Don’t Check Out

A pretty unusual trick to save more money: put all the items you want to purchase in your shopping cart, and then don’t check out. After a few days, Amazon might just e-mail you an offer for a discount or with an offer of coupons for the stuff you just left in your cart.

Of course, this doesn’t always work. You kind of have to hope that Amazon’s computers identify you as one of the lucky buyers. It did work for me once, and I got a 10% discount for the items in my cart.

Word of advice: don’t use this trick when you’re in a hurry. Otherwise, though, if you can afford a few days of waiting, then trying this out won’t hurt you.

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4. Savings.com’s PriceJump

One of those really neat tools you can use is Savings.com’s PriceJump. This online tool will tell you whether or not you are getting the best deal on Amazon, or if you can get better prices elsewhere.

It’s pretty straightforward to use. Once you find the item you want to buy in Amazon, copy its URL from the address bar. Then paste it to the space provided in the PriceJump tool. Results will vary, though. Just recently I was shopping for a new MacBook Pro. I checked the price with PriceJump and it told me that I could save at least $150 dollars if I were to buy it from another site.

5. Snag Discounted Amazon Gift Cards

Another source of savings I found while browsing online are discounted Amazon gift cards. You could search for people who are selling the discounted cards in Google to find a list of sites that offer this service.

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Personally, I use the GiftCardGranny.com as my go-to site for finding discounted gift cards. The cards they sell here are from Ebay, so you would also need an Ebay account to make this work.

6. CamelCamelCamel

A weird name for a highly useful service, CamelCamelCamel allows you to track the price history of a particular item on Amazon. You even get to see all this data in a neat chart. You could use this tool by entering the URL of the Amazon product you want to buy in the space provided at the top of the site. It will then display the price history of all the purchase options (Amazon, 3rd Party New, or 3rd Party Used).

You save money by using this tool through its Price Tracking option. Set up an alert by indicating your desired price, then put in your e-mail or Twitter account to get a message once that price is reached. Then, you can keep on saving!

Featured photo credit: I am a computer geek!/Bram Cymet 79-365 via flickr.com

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Published on November 20, 2018

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

Why Your Past Prevents You from Saving Money

Are you constantly thinking about your financial mistakes?

If so, these thoughts are holding you back from saving.

I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

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How to Effortlessly Track Your Spending

Stop manually tracking your spending.

Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

The Truth on Why You Keep Failing

Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

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Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

  1. Save more than 50% of your available money (after expenses)
  2. Only buy nice things after saving
  3. Automate your savings with automatic bank transfers

These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

How to Foolproof Yourself out of Debt

Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

So how can you separate yourself from the 60%?

By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

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Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

A Proven Formula to Skyrocket Your Savings

Having proven systems in place to help you save more is important, but they’re not the best way to save money.

You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

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Transform Yourself into a Saving Money Machine

Saving money isn’t complicated but it’s one of the hardest things you’ll do.

By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

What are you waiting for? Go and start saving money, the sky is your limit.

Featured photo credit: rawpixel via unsplash.com

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