How to Save Money While Shopping Online

Before we jump into the tools I use to save money, make a list of all the things that you need. This list can help you stay organized and will give you a better idea of what things you will need and reduce the urges of random spending. When you have an idea of what exactly you need to buy, you can then leverage some of my recommendations below. How to save money while shopping online is easier now than ever.

How to save money while shopping online

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Coupon sites

Websites such as Groupon have been around for a while, giving businesses an opportunity to reach out to consumers (which is you) by providing expiring deals. This encourages consumers to jump on a deal before they miss out. The downfall to using such a service are those urges to buy something you may miss out on. This is exactly why I recommend making a list of things you need or are looking for before you start browsing. With your list in hand, you can narrow down your search to find relevant deals/sales to the products/services you are looking for.

How to save money while shopping online

Use a cashback service

One of my favourite things to use is cashback services such as Rakuten (previously known as Ebates). This platform has over 750 different retailers, likely including some of your favourites.

The way it works is pretty straight forward. Using their platform, you will be redirected to your favourite e-commerce site based on your selection (such as Amazon or Sephora) and after completing your order with the redirect link, you will receive cashback on eligible purchases. They provide a range of cashback starting at typically 1.0% to as high as 10-15%. Sometimes they have “cashback deals” where they temporarily increase cashback on certain retailers, saving you more money while shopping online.

If you haven’t joined their platform yet, you can use our link to earn yourself a bonus of $5 after an eligible $25 purchase.

Rakuten has its own browser extension and iOS/Android apps to make it even easier to shop online.

Install browser extensions

Other than Rakuten, there are other browser extensions such as Honey which can help you save money while shopping online.

Honey is great because it’s simple to use and provides coupon codes on eligible sites. Similar to Rakuten, your purchases will earn you cashback in the form of Honey Gold, which can be redeemed for gift cards.

For every 800 Honey Gold, you can redeem it for a $10 gift card from many different retailers, helping you save even more money!

How to save money while shopping online

Compare retailers

If you have a specific product you are looking for but want the best price, use Google Shopping or Flipp.

With Google being the largest search engine, a simple search will compile many retailers for the item you are looking for, giving you an easy list to review for the best price.

Flipp on the other hand is a flyer platform that also has a search function. Quickly search your item and find out if it is on sale anywhere.

How to save money while shopping online

Track prices with these websites

My last recommendation is to use a price tracker such as CamelCamelCamel or PriceCase. The unfortunate thing about price trackers is that they are focused on a specific retailer. For example, CamelCamelCamel is great for Amazon shoppers, whereas PriceCase is meant for Best Buy, Home Depot and a few others.

How it works is you put in the product link you are interested in and you can set notifications to alert you of price drops. Plus, CamelCamelCamel can show you historical prices to help you understand if you are getting a good deal now or should wait.

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