Online Savings Strategies

With the influx of technology in modern society, more consumers are foregoing traditional shopping practices and are going online to purchase a variety of goods and services. The online marketplace offers consumers many opportunities to save. Cash back sites, coupon codes, and daily deals are among the most popular saving strategies that make online shopping easy, convenient and budget-friendly. What Are Cash Back Sites? It is important to understand that cash back sites are a legitimate money saving strategy; Cash back sites are not a scam. They provide retailers with the traffic and sales they desire and the cash back sites receive a commission in return. Cash back sites then pass along a portion of that commission to consumers.

How Do Cash Back Sites Work?

Opening an account is free and using their services does not cost a dime. If you plan on making a purchase online, visit a cash back site first. They have offers for major retailers and smaller shops alike. Simply click on the store from the cash back site and you will be routed there immediately. Make your purchase and the designated cash back percentage of the purchase price will be deposited into your site account. While some cash back may be credited as quickly as within 48 hours, others may take 90 days or longer to show up in your account. Depending on the individual cash back site and merchant, the time it takes to access your accumulated savings differs. Ebates sends out their "Big Fat Checks" every quarter, whereas, Fatwallet has earnings accessible within 120 days of the purchase date. If you would like to donate your earnings to a favorite charity or family member, you have that option as well.

What Are Coupon Codes?

Coupon codes are a website-specific and time sensitive savings code that you can use toward purchases made online. These codes range from a percentage off the total amount purchases to free shipping. Enter the code in the coupon or promotion field upon checkout for instant savings.

How To Maximize Savings With Coupon Codes

In order to maximize the savings that coupon codes create, it is best to use them in conjunction with a sale or promotion. This will ensure that you are taking full advantage of both the sale and the coupon code. While some online retailers allow multiple coupon codes to be stacked with one another, this is not a standardized practice. Check your retailer's Frequently Asked Questions for more information on the specifics of their coupon code policy. Cash back sites and coupon codes are a viable way to save money when so many people are looking for ways to stretch their budget dollars. They make online shopping both affordable and easy for savvy consumers. Now that you know how to utilize cash back sites and coupon codes, what will you do with the extra cash?