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6 Ways You Probably Never Knew Could Save You Money on Amazon

6 Ways You Probably Never Knew Could Save You Money on Amazon

Even though it already offers some pretty heavy discounts, people always want to know new ways to save money on Amazon. To meet that demand, here are some options for how to make online shopping even more affordable. Read below about these six ways to save money on Amazon.

1. Take advantage of Amazon Warehouse

Getting something that’s absolutely perfect is ideal, but buying something that’s slightly less than perfect is usually a lot cheaper. The products that don’t meet Amazon’s intense, mint condition quality standards get shipped off to Amazon Warehouse, where you can find major bargains.

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There are five categories in which Amazon places items that are ineligible for the main site: “new” (never been opened but the packaging is damaged), “like new” (someone returned it immediately after buying for no particular reason), “very good” (some cosmetic damage, but the product is totally in working order), “good” (large cosmetic damage or missing accessories) and “acceptable” (signs of fairly substantial wear).

As the quality of the package goes down, so do the prices. “New” products are hard to find but there are plenty of “like new” and “very good” items available if you hunt around. Amazon doesn’t publicize Amazon Warehouse for pretty obvious reasons, so it isn’t particularly easy to find. But this extensive article on Debt Roundup shows you where to go and answers most other questions you might have.

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2. Subscribe and save

If you buy household items from Amazon on a regular basis, you will immediately start to save money on Amazon with this tip. The Subscribe and Save section for everyday items offers a 15% discount on a lot of different products like razors, toothpaste, pens and a much, much more. This can help you save money on Amazon to the tune of hundreds or even thousands, depending on how much you shop, so I would highly recommend checking it out.

3. Sell back items (especially textbooks)

The internet giant makes it very easy to save money on Amazon by offering you the chance to sell products that you don’t want or need anymore to other customers. The biggest success stories for making your money back are with textbooks, the outrageously priced necessities for basically any college student. Amazon eases the pain of the ridiculous prices by letting you buy and sell your textbooks from fellow students from across the globe. Here is where you can sign up to become an Amazon seller.

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4. Subscribe to Amazon emails

You probably wouldn’t prefer to clutter up your inbox further, but if you seriously want to save money on Amazon, then you should at least consider subscribing to their email newsletter. You can do that on this page and choose what categories you want to be updated about. I would lean towards only subscribing to the categories that you regular shop on Amazon for. Otherwise, you’ll quickly get overloaded with emails. However, you can of course always unsubscribe at any time.

5. Utilize your wish list

This is a big one. A wish list is one of the biggest assets Amazon offers its customers. It’s a totally win-win option. Amazon earns your loyalty by giving you a great way to keep track of the changing prices of items you’re interested in purchasing at some point, and you have a central hub that shows you opportunities to save money on Amazon. A smart shopper uses wish lists to save money on Amazon and make it more convenient to buy the things they want.

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6. Hop on CamelCamelCamel

One of the best services around if you want to save money on Amazon is the website CamelCamelCamel, an Amazon price tracker that alerts you when prices drop for specific items. CamelCamelCamel also offers price history charts that show you how their costs have fluctuated over a long period of time for products, so that you can get an idea of exactly when the right time to buy is. The Everything Store itself offers you a lot of ways to save money on Amazon, but services like CamelCamelCamel make it even easier to get the best possible deal.

Featured photo credit: Online Shopping/Tim Reckmann via flickr.com

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Matt OKeefe

Matt is a marketer and writer who shares about lifestyle and productivity tips on Lifehack.

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Last Updated on April 3, 2019

How to Nix Your Credit Card Debt in Less Than 3 Years

How to Nix Your Credit Card Debt in Less Than 3 Years

Debt is never a fun thing to be in. But, there are many actions that you can take that will help you rid yourself of the burden of debt once and for all.

By coming up with a set plan, eliminating your debt can feel much easier than constantly thinking about it.

This post will provide some tips on how you can do this to help you nix your credit card debt in less than 3 years.

Hint: there are ways that are easier than you think.

1. Consider Consolidating Multiple Credit Cards If Possible

This may not be applicable to you, but if you have multiple cards – it is something to consider. Keeping up with multiple bills is time consuming.

It will depend on the balance you have on each. Consolidate ones you can but do not do it to the point that you get too close to the maximum limit. Also, it is ideal to pick the card with the lower interest rate.

Consider if there are any fees or alternatively, rewards, with transferring a balance to another card. Watch out for fees. Note that some cards offer rewards for transferring a balance to them. This is extra cash that can help go towards paying off your debt.

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Having one or two cards can make nixing your debt much simpler than keeping up with the balance of a bunch of cards. Keeping track of paying the minimum towards a bunch of cards is time consuming. Spend the time to consolidate instead to make the overall process simpler going forward.

My tip: Have one main credit card. Have a second one that you use for necessities – such as groceries or gas – that offers rewards for those purchases (a lot of cards do) and set the second one on auto-pay. You should be able to pay off a smaller amount on auto-pay if it is a necessity. If you think you cannot, then you may need to cut down a lot on expenses.

Why do I suggest doing this? Having one thing set to auto-pay is one less thing to think about. One less thing to waste time on. Same idea with consolidating to one main card. Tracking down too many is a hassle.

2. Try to Pay the Full Balance You Spent Each Month at the Very Least

You need to pay off the amount you are spending each month when that bill comes in. This is the amount you spent THAT month.

Do not let the debt keep accruing while you work on paying any unpaid debt that has accrued. It will become a never-ending battle. Try as best as you can to be current on paying for each month’s expenses when that month’s bill comes out.

If this is a strain, consider why. You may need to cut expenses. Or you may need to consider other cards. Or look at where this money is going.

3. Pay Extra When You Can – Every Small Amount Counts

This cannot be emphasized enough. If you are looking at a lot of credit card debt, it can look daunting, but each extra amount that you can put towards the debt will really add up – no matter how small it is.

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It does not just reduce the principal amount that you have left to pay off, but it reduces the amount that is collecting interest. You will always save money with that reduced interest.

4. Create a Plan on How to Pay Extra

Back to the main point, having this plan is giving you one less thing to think about.

This plan should be a plan that works for you. If it does not work for you, your spending habits, and your views on debt, then it will not be an effective plan.

For instance, if a set plan of an extra $50 (or another amount that you know you can afford) works for you, then do that. Set that aside every month and pay that extra amount. Treat it like a bill. Choose an amount that works for you and pay it like clockwork as though it was a bill you had to pay each month.

Little amounts will not nix it entirely, but they will help tackle it and having a set plan can make it less of a chore. Creating a new plan of how much to put towards it each month is an unnecessary added stress.

5. Cut out Costs for Services You Do Not Use

If you are signed up for subscriptions that you do not use because of some free trial or for some other reason, cut it out. Your overall financial position will look better.

In turn, that will make cutting your credit card debt easier. Look at your statements to find these expenses. If you do not use them, you may forget you are paying some unnecessary amount each month. Cutting it out can really add up in savings that you can put towards other needed expenses.

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6. Get Aggressive About It

Consider these points:

Depending on the interest and the level of debt, you may need to give up a few indulgences. For example, instead of ordering delivery or going out to eat, cook at home. Everything adds up.

Other things may be more of a sacrifice. It may be a trip you wanted to go on, or a daily latte habit you’ve picked up. In these instances, consider how important it is to you and if it’s worth the sacrifice. And if it is a costly expense, think whether you can wait to indulge.

Cutting an extravagant expense can really help make a dent in your overall debt. Try not to add to debt when you are trying to pay it off. It will be a never-ending battle. Make it less of a battle with these tips and it will feel easier.

Bottom line: Do what you can to make this process easier for you. Implement steps that do this. It takes time now, but will help overall. Also, keep track of your spending and paying down of your debts. Which is the next point.

7. Reevaluate Your Progress at Set Intervals

Doing a regular check-in can help you see your efforts pay off or maybe indicate that you need to give this a bit more effort. If you check every 3-6 months, it will not feel so much like a chore or feel so daunting.

By doing this, you will be able to better understand your progress and perhaps readjust your plan. Bonus: if you see it pay off, it will feel great to do this check-in. You will get there.

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Finally (and most importantly)…

8. Keep Trying

Do not get discouraged. Pushing it off will make it worse. Just keep trying.

Once your debt becomes lower, each monthly payment will reduce the balance more. Why? You are paying less towards interest. It will be a snowball effect eventually and it will become much easier to manage. Just get to that point. And know once you do, it will feel easier and motivating.

Start Knocking out Your Debt Today

The best way to eliminate debt is to get started right away. Begin by implementing the above steps and watch your debt just melt away. Try out some of the above strategies and see what works best for you. Soon you’ll be on your way to a debt free life.

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Featured photo credit: Pexels via pexels.com

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