You can Save Money Shopping Online: Be Prepared and Strategic
We all want to save money, especially during the holiday season. Between gifts, parties, decorations, and travel, you can easily find your wallet depleted. Or worse, you can find yourself with much-unwelcomed debt.
You can save money shopping online by being prepared and strategic. While the Cyber Monday euphoria may be far behind us, there are still miles of holiday shopping to go. And shopping online can still snag you lots of savings.
Here are 7 tips to help you save money shopping online.
Research and Compare
Before you jump into making an online purchase, do your homework. First of all, prepare a list of what you want to buy. Avoid spontaneous shopping. With list in hand, go digital window shopping. If you already have your favorite online retailers, visit their social media platforms. Sign up for alerts, download apps and join their email list. Check in with your social networks, such as Facebook, Twitter, and Instagram for product and store reviews. Get involved in online shopping communities. It’s a good place to find out about deals and product reviews.
Take Advantage of Cash-back Apps
The great thing about the growth of the global digital marketplace is that it has provided fertile ground for app developers. This is great for us online shoppers. Among the best shopping apps are cash-back apps. They make sure you don’t miss out on awesome savings opportunities.
Ibotta, for instance, helps you score cash back from tons of retailers, including Amazon, Urban Outfitters, Booking.com, Bloom and more.
Ebates is another great cash-back platform. It works with more than 2,000 retailers, so you are sure to find the ones you love. The cash-back reward is awesome—as much as 40% on purchases from some retailers.
Download Savings Apps from Your Favorite Retailers
To make life even easier, take full advantage of retailers’ savings apps. Savings Catcher from Walmart and Cartwheel from Target are two of the most popular. Between retailer savings apps and your cash-back apps, you are sure to save money shopping online.
Use Online Shopping Extensions
Out-Fox Dynamic Pricing
What is dynamic pricing? The digital marketplace has generated tons of big data. This is strategically used by retailers to target product and prices to you, the consumer. With big data, AI and other algorithms, a retailer can identify where you live, your favorite products and your most likely budget bracket. For instance, if you begin to search ticket prices for that fab weekend getaway today, you might find that the great price you scored is 30% higher tomorrow. This is dynamic pricing.
To make sure you don’t fall into the dynamic pricing snare, do these things before you begin your online shopping excursion:
- clear your browsing history and cookies
- log out of all your email and social media accounts
- when shopping for airline tickets set your home location for a country with a lower standard of living
- mask your browsing habits and history with platforms such as Tor browser
6. Choose Your Day Carefully
No doubt the easiest and most relaxing time to do your online shopping is over the weekend. What’s better than breakfast in bed and roaming the digital shopping malls? But wait. Retailers know the shopping audience is the largest on these days. And remember the basic rule of economics: supply and demand. Retailers roll out their best discounts during the week, especially Wednesday and Thursday. Sunday is good for finding discounts on air travel though, but Monday is the most expensive, according to the Airlines Reporting Agency.
Once you have all your savings, cash-back and coupon apps and extensions, use them all for the ultimate savings experience. Combine as many deals as you can into each purchase. It will be almost like free! The definitive way to save money shopping online.