Discover the Ultimate Money-Saving Secrets: Unleashing the Power of Discounted Gift Cards!

Title: Easy Tips on Saving Money through Discounted Gift Cards

We all love saving money, right? And what if I told you that you can save money without any substantial change in your lifestyle? Yes, that’s possible! One of my favorite techniques for saving on my everyday expenses, whether they be groceries, gas, clothes, gift items, or even travel, is by buying discounted gift cards.

So, what’s this about discounted gift cards? It’s straightforward. For example, if a gift card’s face value is $100, and you buy it for $80, you save $20. This can work for a multitude of shops, restaurants, and services, whether they are part of your regular routine or occasional splurges.

Needless to say, buying discounted gift cards became a new norm for me, especially since I’ve started exploring the best ways of doing it over the past year.

To make discounted gift cards work for your budget, here are few strategies and tips to remember:

1. Only purchase gift cards for the places you already frequent. If you buy gift cards just because they’re marked down, you’ll end up spending more than you should, defeating the purpose of saving in the first place.

2. Decide whether you want a physical gift card sent by mail or a digital version containing a code sent through email. In most cases, digital cards are faster as they arrive shortly after the purchase and you can use them immediately.

So, you may ask, “how much can I really save with discounted gift cards?” On average, you can save between 1% to 30%, but this largely depends on factors like the popularity of specific stores or services. Grocery stores generally have smaller discounts, while restaurants and retailers tend to offer higher savings due to specific tastes and the lack of wide demand.

Places where you can buy discounted gift cards include the credit card shopping portals or do “buy one, get one” offers during the holiday season. Even though the discount may seem small, remember, every little bit counts, and it all adds up!

Several platforms sell discounted gift cards such as Raise, Cardpool, and CardCash, or specific ones like Restaurant.com for dining out.

To maximize your benefits, remember:

1. Only buy gift cards from places where you already spend money.
2. Try to grab deals during sales and promotions.
3. Be aware of the duration of the money-back guarantee provided by the platform.
4. Stack your rewards by using a cashback credit card to buy your gift cards.
5. Set alerts for discounts on gift cards to your favorite stores.
6. Plan ahead, especially if you know you will be traveling or having a family vacation.
7. Be organized: maintain a folder or spreadsheet to track all your gift card purchases.

Lastly, it’s essential to decide on which platform you want to use for purchasing your gift cards. For me, Raise has been a great choice as they have a great selection, better discounts, a 1-year money-back guarantee, and quick access to digital gift cards.

The thought of buying someone else’s unused gift card might seem a bit unconventional, but trust me, it’s a simple and effective way to save money. Give it a shot, and you might find yourself making it a regular part of your money-saving routine, just like I did!

Note: If you’re interested in getting the best discounts, our free article on “How to Maximize Your Credit Card Rewards” adds great value to your saving efforts. Plus, check out our recommendation on the best cashback apps for extra rewards! Happy saving!