With the advent of this pandemic, more and more people prefer to do their shopping online because they fear being exposed to the virus when shopping in person. Online shopping is great, and all but you can spend a lot of money without realizing it, and let’s not forget the cost of shipping or delivery, which can sometimes be more expensive than the thing you are buying.
However, online shopping is a blessing, and we just need to know to use it properly to use it at its fullest potential without breaking the bank. So, without further ado, let’s learn how you can save money while shopping online.
Statistics about online shopping
According to a study, 90% of people say that they’ve bought something online in the past year. In 2021 alone, 2.14 billion around the globe purchase goods online, and the forecast for this is at $4.9 trillion; and this shows us the extent to which online shopping has become part and parcel of our day-to-day life.
According to a study about e-commence, the average American spends about $1804 annually on online shopping. They also discovered that women (72%) are more likely to shop online when compared to men (68%). Most online shoppers use digital or mobile wallets as their preferred method of payment, and 44.5% of them pay using this method, and this is followed by credit cards and closing the rank at the number 3 spot is debit cards.
How to save money while shopping online?
Saving money while online shopping can be really easy, but you might be too bored or a procrastinator to sign up for newsletters and reward programs. However, I promise you that by doing this, you will save money in the long run, and all you will have to do is comb through email and letters, but trust me, it’s worth your time. So, let’s learn more about some of these ways to save money:
1. Sign up for reward programs
Sign up for those reward programs, and you will thank me for this; you will get a free treat on your birthday and will even be the first to know when your favorite store is having sales. They also allow you to earn points on all your purchases, and this can give you free gifts or even a discount after you’ve accumulated a certain number of points.
This is a win-win situation if you ask me. Reward programs are a way for companies to reward you for brand royalty and are a way to attract you to shop with them, but you are also rewarded for it. Some companies even allow you to collect points that you can then redeem in cash, and this is one of the best types of reward program out there, and it is a mind-less cashback system that is free (well, you had to buy things there to get this money but it is free money at the end of the day).
If you want to learn about a company’s reward system, you will most likely find more information on the websites or sign up for their newsletters.
2. Sign up for newsletters
Talking about newsletters is another way to make the most out of your money while shopping online. A newsletter keeps you updated about your favorite company, but you will also be the first one to know once they have new merchandise or sales and is a great way to look out for sales, and it will save you money without having to buy something at its original retail price.
Newsletters give you exclusive online shopping offers, and yes, they can junk up your mailbox, but it is worth it when you can buy something that you wanted at half its original price. On top of that, with newsletters, you will also receive discounts and/or bonuses just by signing up.
3. Use coupons
Honey is an app or a chrome extension that will save you money. Honey, automatically search the web for coupons and apply them on your online purchase, this means you will save money on all your purchases, and you just have to install it to enjoy its services.
Honey or coupons, for that matter, simultaneously save and encourage people to spend money while shopping online because they know they aren’t paying full price for a product, and this means they can buy more things for the same amount of money.
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