Home » Finance » Best Ways To Save Money Online

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With a downturned economy and the price of just about everything rising, many people are looking for new and creative ways to save a few dollars. The majority of individuals use the internet on a daily basis, yet some are unaware of how much money can be saved by purchasing or comparing prices online. For example, for those who have money invested in stocks, it might be better to reinvest in something that isn’t as volatile, like gold coins or bars from a company like US Money Reserve, rather than risk losing lots of money in stocks.

There are ten tips to help save money through the internet:

#10

Buying used items on the internet from places such as Craigslist can save cash. Individuals list items for sale or free; purchasing from individuals can save a lot of money. Pre-items typically sell for about half of regular retail value. Other websites, such as Freecycle, is a community of individuals who list items that are free. Auction sites, such as eBay, also offer a great discount.

#9

Be sure to sign up for promotional emails. While it is undeniable that most companies will send an email every day and most will never be read, they often contain promotional codes. This can save tons of money if coupled with a sale or free shipping offer. On the same idea, “liking” companies on Facebook can also score discounts.

#8

Go to Kanetix to instantly compare real-time car insurance quotes. It is easy to get an instant quote from many of the top insurance agencies. Check each company’s websites for quotes. Once each quote is received, decide what best fits the needs.

#7

Always search for promotion codes when shopping. Websites such as RetailMeNot or CouponMountain has a wide selection of codes for hundreds of stores. More often than not, a code can be found.

#6

When shopping online, use a cash back site. Sites such as Ebates and Mr. Rebates offer up to five percent cash back on purchases made online. The user can choose to be paid via PayPal or a check. Usually ten dollars is required to receive payment; however, smaller amounts are rolled over into the next quarter.

#5

Learn to do some items by hand. Whether it is learning to sew, make soap, or cook some meals, looking to do some items by hand will save a lot of cash. The markup on restaurant food is about 75%; learning to cook meals ahead and freeze them will save money over always swinging through the drive-thru. Ehow is a great resource to learn how to do just about anything.

#4

Use travel sites such as Travelocity or Hotwire when planning a vacation or other getaway. These sites can save more than 50% as compared to traditionally booking a hotel room or plane flight. When planning a vacation, sign up for local deals from websites such as Groupon or Eversave.

#3

Use savings websites to plan out store trips. Common Sense with Money, Money Saving Mom, and Cha-Ching on a Shoestring are three fantastic resources to maximize savings at a traditional store. Each of these websites has a list of hundreds of both chain and local grocery stores. Drug stores and big box stores are also listed. There is a list of the week’s sales along with what coupons are applicable.

#2

Save money on gas. Websites such as GasBuddy, show the lowest gas prices in the local area. It is gauged based on zip code. It saves both time and money. However, if one station is traditionally less expensive, it may be worth it to continue using that brand. It is best on the automobile to use only one to two brands or gasoline, rather than switching each time there is a fill up.

#1

The best way to save money online is to use common sense. The general rule is if something is too good to be true, it usually is. Before making a purchase online, look up reviews through basic search engine or a consumer advocacy group. The Better Business Bureau is a great way to look up how reputable a company is.

13 Comments

  1. Kelly says:

    Great post, I have actually used a few of those tips already like the Gasbuddy its a live saver

  2. Pamela says:

    If you’re one of these people, and you’re looking to make any purchases, think twice before making any major buys in store. With a little searching you can almost always save money with online shopping..

  3. Chris says:

    Some good points. I also like to delay purchases.

    For example, if you are at the electronics store and have an impulse to buy something. Don’t do it. Wait until next time you go back to that store and then see if you still want or need the item. Most of the time, the urge to buy will pass and you’ll thank yourself for waiting.

  4. I must admit I had only used some of these tips, but never thought to use others. Now, I saw the post, sure I will save much more in my next purchase

  5. sameer says:

    It is very difficult for me to save money so these tips help in a while .. maybe something will benefit….

  6. sameer says:

    It is very effective tips …. Thanks

  7. Khan
    Twitter: sensemoney
    says:

    Thanks for the tips… I’m always actively using GasBuddy to find the cheapest gas in my area — such a great service. Also, hats off to #4 … I was stuck in Miami and actually ended up finding good deals through Hotwire, so using such websites can definitely help you save money.

  8. David says:

    Best advice I have got in a long while. After reading your article I tried some of the tips that you gave and ended up saving lots of money. Some of the sites that you mentioned in your blog have many amazing offers. It feels like Christmas all over again. Now that I am saving so much money I can buy things which I always wanted but could never save enough money for.

  9. Nelson says:

    Nothing is better than a advice that teaches you how to save your hard earned money. These are great advice. It will surely help me to save lots of money. The last tip was the best. Its not only applicable while shopping online but also I our everyday life. One needs to be smart and use common sense while making any kind of decisions involving money.

  10. Danielle says:

    There are so many ways to save money by shopping online! Most of the time I can better deals online than in the stores, and with free shipping too. It’s such a time saver and much less of a hassle. For some more great online shopping tips, check out http://blog.clearpointcreditcounselingsolutions.org/blog/bid/151271/Six-Money-Saving-Tips-for-Shopping-Online.

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