Guest post by Stephanie at Daily Deals by Brad and Stephanie.
I was skeptical of daily deal sites at first, but I decided to check them out since we’re always looking for ways to save money. In the first three months of using Groupon, I saved $150, with little effort. Now, I’m totally sold out on daily deal sites!
Maximize Your Budget
- Only purchase deals for something you will use and with money you have in your budget already. For example, we allocate a certain amount each month for dining out. If we only use daily deal vouchers, then we have effectively doubled our dining out budget for that month.
- If you want to purchase a daily deal voucher for a store or restaurant you’ve never been to, check online reviews (like Urbanspoon and Yelp) first. You don’t want to spend your hard-earned and painstakingly budgeted money on a place that’s sub-par.
- Consider buying vouchers as gifts. I purchased half of my Christmas gifts from daily deal vouchers. That’s a savings of at least 50%! Plus, sometimes the daily deals give me gift ideas I wouldn’t have come up with on my own.
- Subscribe to the daily deal sites for other cities that you visit often for work, or a city you are planning a vacation for. Not only will you double your budget, but you will get ideas for new places to visit in an unfamiliar locale.
- Subscribe to multiple daily deal sites. Often, I have seen the same store or website offering a daily deal voucher on different sites. Usually, one has a better deal. See a list of recommended Daily Deal Sites here.
More Ways To Save
- Refer your friends. Almost all daily deal sites have a referral program where, for each referral you give, you earn credit at that daily deal site. Some sites offer $10, $12 and even $25 in referral cash.
- Shop through cashback sites, like Rakuten (formerly Ebates) and ShopAtHome when using online vouchers. Shopping at these sites mean you earn additional cash back on your online purchases. Before using your daily deal voucher, always check these sites first to see if you can earn money on your purchases.
- Look for coupon codes to stack with your voucher. Some vouchers can be used in conjunction with coupon codes. If that’s the case, check coupon code sites like RetailMeNot for online vouchers or scour your mailers and Sunday papers for coupons to use with local vouchers.
- Check prices before you buy. Always check out the website to see what the prices are before you buy. A $20 voucher to a perfume store which you got for $2 is probably not going to be a good deal if the perfume store only sells perfumes which are $100 and up.
- Find out if shipping is included. If it’s not, check if the daily deal voucher can be used towards shipping. If shipping is not included, you’ll need to factor that into your budget before determining whether purchasing the voucher is a good deal.
- Can you buy multiple daily deal vouchers? Sometimes buying more than one will further your savings (as long as you’re still staying within your budget guidelines). However, many vouchers only allow you to use one per purchase.
- Read the fineprint! Most of the daily deal sites have a very clearly marked section for “Fine Print”. Be sure to read it. And remember, never buy something because you feel pressured by the timer. If they do the deal once, they’ll likely do it again at some point.
Do you have any more tips for daily deal sites? Share in the comments below.
Stephanie and her pastor hubby Brad regularly compile the best daily deals from sites like Groupon.com and share daily deal tips at Daily Deals by Brad and Stephanie. They love using daily deal sites to buy gifts, stretch their budget and try new places!