Digital tools that can save you money
New online shopping tools and technology have made it easier than ever to score a bargain. Digital couponing, cash-back programs and loyalty clubs make finding deals fast and easy—without clipping and carrying. Here are five ways to shop and save.
Price match with deal-busting apps
Price comparison apps allow you to scan the bar codes of items that interest you. The apps show you whether there are better deals elsewhere, tell you if the store you’re shopping in does price matching and alert you when prices on those items drop. You can also find price comparison apps for specific goods and services such as gas, home improvement and auto repair.
Automate your couponing
Coupon apps and websites gather coupons, discount codes and promotion codes for hundreds of stores. You access them on your computer or mobile device, then browse digital coupons by category and scan them at the checkout counter. With many apps offering coupons on everyday items, such as medicine, cleaning supplies and toiletries, you may be able to use a few at once—called “stacking”—and maximize your savings.
Join loyalty programs
Many companies offer loyalty programs that reward regular customers with coupons, free merchandise and other benefits. For example, a sandwich shop might offer a free meal for every $50 you spend using its app, or an airline might offer priority seating if you earn enough points through ticket purchases. Other companies charge upfront fees for priority services such as free, fast shipping. To save the most, focus on the loyalty programs from places you shop frequently.
Get deals delivered to you
Apps for finding great deals have proliferated in recent years. They offer a wide array of bargains, including discounted gift certificates and membership trial offers—on everything from spas to housecleaning to live concerts, all filtered by location. Other sites provide online spaces where communities of like-minded shoppers can help each other find the best deals possible.
Earn cash back
Getting cash back on purchases can be one of the most satisfying ways to save. Some websites offer cash-back deals from an array of online and brick-and-mortar retailers, while some stores offer cash back as part of their loyalty programs.
Bank of America customers can use BankAmeriDeals1 to earn cash back on a wide variety of goods and services. Activate the deals you want on your computer or mobile device, and when you pay with your Bank of America debit or credit card, the earned cash back is credited into your account.
Be careful not to let digital coupons and rewards lure you into spending money you otherwise wouldn’t. Instead, use these tools to search for things you buy regularly or know you need, and rack up savings along the way.