If someone walked up to you and handed you a $10 bill, would you refuse it and turn them away? We hope that your answer is no. Then why are you turning away all those companies handing you money in the form of coupons, discounts, and bonuses?
In June 2019, U.S. Consumer Packaged Goods (CPG) marketers reported that they had distributed $470 billion worth of coupons. Surprisingly, only $4.6 billion worth of coupons were redeemed, representing less than 1% of the total amount. It’s hard to tell how much is lost in bonuses and discounts around the country, but you can bet it’s a lot of money that people are just turning down.
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A major reason why people fail to take advantage of coupons and other offers is that sometimes it doesn’t seem worth it. The average coupon has a value of $1.54, which may seem little at first until it starts to accumulate. Shoppers who actively used coupons while shopping saved between $30 and $50 a week, which translates to $1,560 and $2,600 a year. Do you now see the value of these coupons?
Research has also shown that a lot of millionaires consistently use coupons and take advantage of offers. That is because they understand the power of compound interest. For instance, by investing $2,000 a year in a traditional IRA account from the age of 30, your balance would be $317,180 by the time you retire. Understanding this should encourage you to immediately start hunting for any offers you can find, and we know how you can go about it.
Unlike the past where you had to search for coupons through newspapers and mail, everything can now be easily found online. If you have a particular store in mind, try to Google it for specific coupons that would apply. Most retailers offer promo codes and coupons, and chances are that you will save some money this way. For example, you can even Google to find discounts and bonuses offered by online casinos. These bonuses can then be used to play games without even paying a cent at first.
Besides, you don’t even need to Google your preferred store with the phrase ‘coupon code’ anymore because websites such as Coupon Cabin, Slickdeals and others already list all available coupons. Some of these websites such as RetailMeNot even verify the authenticity of the published coupons to ensure they are not expired.
Find as many of these websites as you can and scour them for coupons that you can use when you’re shopping online next time.
Some companies have made couponing even simpler by providing a browser extension you can install on your favourite browser. Once installed, proceed to the checkout page on your preferred shopping website and click on the extension. The extension will then automatically scour the web for coupons that you can apply on that website.
You will likely find several coupons on the most popular websites, where you can then choose the one with the highest savings. Once selected, the coupon will be automatically applied without having to copy-paste any text.
When doing so, be very careful about the company you’re using because they will likely receive a lot of your personal information. It is thus important to choose your extension carefully and read the privacy policy to realize which data the extension will collect. Some of the best extensions in this regard are Honey and Wikibuy.
Every brand will be inclined to help its own loyal customers over strangers. Therefore, it can be beneficial to join a loyalty program offered by your favorite retailer, brand or restaurant. Companies will offer these discounts and coupons directly by mail using the details collected from your credit card purchases. Besides, the offers can be found from the companies’ apps or social media.
Coupons and other offers are made available at very specific times. For example, most supermarkets will offer discounts and coupons around holidays. Others will provide coupons, discounts, and bonuses in specific cycles such as quarterly, monthly, or annually. Time these events to find useful offers you can use when you’re finally ready for a purchase.
Almost all websites install cookies on your browser to keep track of your browsing activity. You can use this to your advantage by placing items on your cart, proceeding to checkout, and then backing out. The website will take note of this action and follow up on you with coupons and other offers. This is an especially useful trick for online casinos where competition is tough and companies do not want to lose to the competition. For this reason, they will probably offer you a bonus to get you back.
Paper mail is largely ignored nowadays, but there are still a lot of bonuses, discounts and coupons distributed this way. Do not neglect your mailbox or throw everything out before looking through it for any available offers.
Marketers are usually very smart and they are always trying to get you to buy what they are selling. One way to do this is by offering a discount or bonus when you purchase a particular product. Sometimes, these offers are so good you feel like you can’t avoid it. This is when you need to stop and ask yourself if you really need whatever it is that’s on offer. Imagine buying 10 gallons of laundry detergent just because there was a 25% discount. Sure, it may be cheap, but you probably won’t need that much detergent, and you just played into the marketer’s hand when he was just trying to get rid of something that wasn’t in demand.
Another thing to avoid is waiting to discover bonuses, coupons and discounts right when you want to make a purchase. Desperation can lead you to make bad decisions, which is why you shouldn’t be searching for offers at the last minute. Instead, always be on the lookout for any offers and keep them in mind; waiting for the opportune moment to use them.
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