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Frugality

Save Money On Your Cellphone Bill

student rate

Sometimes all you have to do for a deal is ask. But a lot of companies are cutting back on deals and sprint is no exception. I called them up several different times a just asked “Is there any deal I can get on my plan” and they always told me no.

So what I did is look around the net for any site that could get me a percentage of my bill cut off. I then stumbled onto Student Rate. They can get you a bunch of discounts at different places. For instance, with sprint it will give you 15% off your monthly bill, for AT&T and T-mobile it’s 10%. They have many other discounts available.

The only catch is you must have an email address from a school. You don’t actually have to be going to the school but you have to be able to access the account.

I use it to save the 15% off my sprint bill and it adds up. Try it today.

What site do you use to get discounts?

 

Frugality

Winter Holiday Cards Sale

Vistaprint is having a sale for a limited time only on Winter Holiday Cards.  You can get a set of 20 winter holiday cards for only $1.99. There are many designs to choose from including cards that you can add your own photo to. Go check it out because it’s for a limited time only. Stock up on cards now.

Vistaprint – 20 Holiday Cards for $1.99

Frugality

How Penny Auctions Work And A Few Tips

Penny auctions are becoming quite popular after the recession when shoppers are looking for good deals. True, penny bidding might get you some very good deals, but they are very unlike traditional auctions. Without knowing what these penny bids are, it is very risky to try to win listed items because you can lose a lot of money. This is How Penny Auctions Work?

What is a Penny Auction?

Unlike a traditional auction, penny auctions are not free to be bid on. Every bid you place, you need to pay a certain amount of money. This is very unlike real auctions. Also, you cannot place any bid amount that you want. You can only place a bid that would increase the price of the item by 1 cent typically (in some cases, it can be 2 cents as well). The way the penny auction makes money is by selling the individual bids.

The cost of each penny bids varies depending on the penny auction. At Quibids, which is one of the more famous and well known penny auctions, the cost of a bid is 60 cents.

How do they make money?

To find out how Quibids can give away such deals like a camera for $10 or Macbook for $50, let’s do a small math problem:

Suppose Quibids had an auction where the Macbook was given away for $50, which is not typical but one of the lowest prices of a Macbook. You might think that is a great deal, but let’s look at the auction in more detail. For the Macbook to sell at $50, there would have been 5000 bids because each bid increases the price by 1 cent. When 5000 bids are placed, it cost a total of 5000X$0.60 = $3000. The typical cost of this product might be around $1000, so that is still a cool $2000 profit for Quibids. So the site still makes money even by giving away Macbooks for $50! Usually a Macbook auction might go higher.

So the important thing to remember in penny auctions is that except the winner, everyone else loses money through the unsuccessful bids. So, if you really want to find good deals on penny auctions, you must make sure you are the winner of an auction no matter what. If things go bad and you are forced to place a lot of bids, you can always use the ‘Buy it Now’ feature of Quibids to purchase the item at the market price. This greatly minimizes losses.

3 tips to not get taken for a ride

This also brings an important point – don’t bid on items without the “Buy it Now” feature. Without this feature, you can easily be outbid on penny auctions and you will end up losing all the bids that you have used for that auction. Also, try to bid small at least in the beginning until you learn the process of penny auctions. As I already said, these are quite different from the traditional auctions that people are used to. Finally, remember that the best times to bid on penny auctions is during the non-peak hours, which are usually the mornings and office hours. Weekends tend to attract a lot of bidders and thus a lot of competition, so try to avoid them.

I hope this helped you learn How Penny Auctions Work.

Have you ever tried penny bidding? Would you?

Some of the links in this post are affiliate links that I make money from to take a trip to the North Pole to meet Santa Clause.

 

Frugality

5 Tips For Making the Most of Black Friday

Deal lovers everywhere love Black Friday. They wake up while it is still dark and wait hours outside of their favorite stores for rock bottom prices on electronics, DVDs and many other great holiday gifts. If you want to save some money this holiday season you can use Black Friday as your secret weapon.

However, if you don’t have a plan, Black Friday can end up being a nightmare rather than a money saving opportunity.

Watch Out for Retailer’s Tricks

Retailers are looking to make big money on Black Friday. While there are some great deals, you need to focus on savings rather than getting caught up in the bargains. A great deal is only a great deal if you can afford it.

As you make your purchases, watch for tricks and don’t buy anything that you can’t afford. The stores will be filled with impulse purchases and you need to be careful not to fall prey to these.

Take a List

It is a good idea to take a list with you to keep you on track and on budget when shopping at Black Friday. Make a list of everyone who you need holiday gifts for. Next to each name include a budget. For example your list might say something like, “Molly- $10-$15.” When you find a perfect gift for Molly, make sure that it is within your price range or less. If it isn’t, keep looking.Once you make a purchase, cross the name off the list. Don’t buy gifts for people that aren’t on your list.

Also, decide how much you are willing to spend on yourself and stop spending once you hit your limit even if you see a great DVD that you need for your collection.

Be Careful with Cash and Purchases

Black Friday is known for being a little bit crazy and hectic. This means an ideal situation for those looking to steal money and holiday gifts. Be careful with your cash, wallets and purses. It can be so easy to misplace money or have it stolen in all of the chaos. Don’t walk out of stores carrying cash in your hands; always put it away before leaving the register.

It is a good idea to leave your purse at home and instead carry your cash, cards and ID closer to your body. When leaving purchases in the car, always leave them in the trunk and make sure that expensive items aren’t visible through the windows. Park in a well lit area close to other cars.

Read the Ads

It is also important to read the various ads for your favorite retailers to find the best deals this Black Friday. Most items are first come first served, so if you want the best deals, you might need to make certain stores your first stop. Some retailers even give away small promotional gifts or gift cards to the first 100 customers or so.

Remember that lines build up quickly, so you might have to be willing to spend a few hours, or even a night, in the cold if you want to be one of the first customers in line.

Eat Breakfast and Get Enough Sleep

We make our best decisions when we are well rested, not hungry and not in a hurry. If you plan on getting up early for Black Friday, make sure you get to bed early. In the morning grab a quick and nutritious breakfast before you head out.

Don’t be afraid to take your time and analyze purchases. While the sales might only be a few hours, it is better to think carefully than to regret purchases later. Always save your receipts just in case you need to return anything. If you take your time and are rested and full you will make better decisions in the stores.

Black Friday can be a great way to get some excellent deals, however you need to keep your budget in mind as you make purchases. Don’t get caught up in the crazy spending atmosphere or you might find yourself regretting that early morning shopping trip.

What tips do you have for surviving Black Friday?

Frugality Videos

Quick Tip: Don’t Always Get The Cheapest Gas

Just wanted to give you a quick tip today about running around for gas.  Some people will literally not go to a gas station because it is 5 cents more a gallon than somewhere else 5 miles away.  This is really not a good way to save money on gas.  The average tank holds between 15-18 gallons.  This means that you will save less than a dollar total.  It’s not really worth the hassle.  If you pass a cheaper gas station on your way home, go for it.  But, if you are going out of your way to save 5 cents a gallon or less than a dollar total for the fill up, it really isn’t worth it.  You will save a lot more money just by sucking it up and paying that extra 5 cents.  That is my quick tip for the day.  Don’t run around to find cheaper gas since it really won’t save you any money.