3 Simple Steps to Save at Least 10 Percent on Everything

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Coupons and sales make it simple to save big on your purchases, but what about those times when you need to buy something and a coupon or sale is nowhere to be found?

In that case, you need to watch the video below. Money Talks News finance expert Stacy Johnson lays out three simple steps that can help you save at least 10 percent off anything you could possibly need to buy.

Watch the video and then keep reading for more details on each step.

Step 1: Find a discounted gift card

The first savings step is to buy a gift card, but not any old gift card will do. Instead, you want to head to a website specializing in reselling gift cards at a discounted rate.

Here are some of the biggest sites in the reselling business:

These sites let individuals with unwanted gift cards unload them by selling them to others at a discount. While the sites advertise discounts as much as 35 percent, you’re typically going to save less than 10 percent for most cards.

You can learn more about discounted cards in our article about saving every time you shop.

Step 2: Buy through a rebate site

Now, in some cases, you could save 10 percent by simply using a discounted gift card for every purchase. However, we want to save you more. So on to Step 2 we go.

If you’re buying online, make your purchase through a rebate site. These sites can often offer another 3 or 4 percent off your purchase. You’ll pay the full amount upfront but receive the discount back in the form of a rebate.

These are some of the popular rebate sites:

Before shopping, take the time to check out the store availability and terms at rebate sites. Some sites send checks automatically every few months while others require you to request a payment once you hit a minimum amount in your account. In addition, participating retailers and rebate amounts can vary between sites.

We’ve got a whole article about rebate sites, so be sure to read that as well.

Step 3: Use a cash-back credit card

The final step to saving 10 percent or more is to use your cash-back or rewards credit card.

Depending on the card, you could save anywhere from 1 to 5 percent on your purchase. As with rebate sites, you’ll pay the full price upfront but receive the cash back as a rebate or statement credit.

Of course, using your credit card comes with the caveat that you must pay off your balance when the bill arrives. Paying interest on a credit card is a sure way to negate your savings.

Other ways to save

While these three steps should save you at least 10 percent off just about anything, don’t stop there.

Read this article on simple, proven strategies to save on everything you buy. Or search our site for more money-saving tips on specific product categories. We have advice on how to slash your costs for everything from child care to your summer vacation.

How will you be saving this year? If you’ve used a discounted gift card or rebate site, tell other readers about your experience in the comments below or on our Facebook page.

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Comments & discussion

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  • I.Popoff

    Some merchants give a discount to veterans or seniors or other groups you might fall in to.

    • Michael Smiley Gawthrop

      Also, these discounts may not be obvious or advertised… I work at a place that gives a 15% discount to Wal-Mart employees (we are a block away from a Wal-Mart and getting them to come here after work is good marketing), it has never been openly advertised, only spread through word of mouth. So, ask around with coworkers or even just ask at places you frequent what discounts they offer, you may be surprised.

  • I.Popoff

    I stumbled on to Fat Wallet after reading your mention of it and decided to check it out. I found “deals” for 15% and 20% off at Amazon. However when Fat Wallet redirected me to Amazon, I found the prices listed for items to be way over the prices I had found after a regular search without the help of Fat Wallet. I have seen this happen before with “deal” sites. The prices you are quoted are not deals at all, but a ripoff.

  • I.Popoff

    Thanks I may try that.

  • pej7445

    Don’t forget Fatwallet. They are excellent. Also, American Express has lots of “offers” that provide cash back on certain vendor purchases. For example, right now they are running a promotion at Home Depot, spend $75, get a $15 statement credit. That’s 20% cash back! I bought gift cards and got the statement credit.