Marketing

Tips for Saving Money When You’re Online Shopping

It’s no secret that inflation is on the rise. Though its steady increase has cooled in recent months, most of us still feel the pressure of rising food and housing costs, and each dollar has to stretch further than ever.

That’s why it’s crucial to know a few basic tips for saving money online. With more of us shopping with virtual retailers than ever these days, understanding how to make the most of your cash can help you spend less as you go! Let’s take a look at smart strategies for saving.

Make a List

One of the best tips for saving money when shopping online is to buy only what you need.

Making a list before you shop can help you cut back on impulsive purchases. It’s tempting to fall for advertised discounts once you’re browsing a website, but these discounts won’t help if you end up spending money on unnecessary items!

This is helpful with many types of purchases, but it’s especially important if you’re shopping online for essentials like toiletries or groceries. Because these purchases recur often, it’s even more important to focus only on the products you need.

Search for Coupons

Many online brands offer a range of specials and deals, but you’ll sometimes have to search for them on your own. They may offer promos and discount codes to certain types of buyers, for example, or they may have limited-time offers available.

Promo code websites are a great place to start your search. These deal-finding sleuths hunt down codes from across the internet so you don’t have to. They act as a one-stop shop for a huge range of offers.

Depending on the site, you may be able to find both printable and digital coupons, editorial insights on great deals, cashback rewards, and more.

Check the Price History

If you’re not familiar with the value of an item you’re buying, it can be hard to figure out whether you’re getting a deal. Worse, some sketchy retailers will hike up the price of an item before pretending to mark it down, making it look like it’s on sale.

When you’re skeptical about the price tag on an offer, checking the price history may help.

This trick works best with major retailers like Amazon, though you may be able to find sites that track the price history of smaller brands. All you need to do is paste the listing of your desired item’s URL into the website. From there, it will show you the item’s recent price changes, allowing you to make an educated decision about whether you want to buy.

Many sites also let you enter your email address if you want to be notified when the item goes on sale. If you don’t mind waiting, these sale alerts are a great way to save some extra money!

Use a Browser Extension

Want to make saving money a no-brainer? Try adding a browser extension that takes care of some of the steps on this list on your behalf.

For example, countless extensions will notify you if an item is available for less on another website. Some extensions can help you compare the price against similar items when you’re looking at a listing. Others will even give you cash back or other rewards for eligible purchases.

Your selection of extensions will depend on the browser you use, but a quick search will pull up a wide range of options.

Maximize Your Cash Back

If you have a credit card that offers cash back, make sure you’re taking advantage! The best credit cards will offer rewards for shopping with many major retailers. They’ll also offer rewards for shopping in different categories, such as entertainment or grocery shopping.

When possible, make sure you’re shopping with your card’s rewards eligibility in mind. Putting your rewards toward big purchases can help you save even more money.

Subscribe to a Loyalty Program

If your favorite retailer offers a loyalty program, signing up can be a good way to save. Retailers often send news about discounts, product announcements, and flash sales to their subscribers. This means you’ll save more just by shopping at a store you love.

Even if you’re considering a purchase at a new retailer, signing up for their loyalty program may help you save. Often, you’ll get a new customer discount right away, which can shave away some of the cost of your first purchase.

Wait for the Right Moment

If you don’t mind waiting a while to make a purchase, your patience might help you save some cash. In many industries, sales are seasonal, so buying an item at the right moment can score you a deep discount.

Buying a laptop right before back-to-school season, for example, allows you to take advantage of significant sales. Big-ticket clothing items like winter coats often get discounted when the season ends. To time your purchases, check out this guide.

If you can’t wait months for a deal, patience may still help in a smaller way. Many retailers use automated emails to send discounts when a customer leaves an item in a cart for too long. Abandoning your cart with the item you wish to buy inside may score you a 10-20% discount at the right store.

Try These Tips for Saving Money

With a huge range of buying options available online, it can be hard to know how to get the best deals on your purchases. From everyday essentials to major splurges, our tips for saving money can help you get more bang for your buck at checkout. Be sure to do your research before each purchase, ensuring you’ll walk away with a deal you’ll love to brag about!

Want more helpful finance and lifestyle guides like this one? Be sure to take a look at our other posts for additional information.

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