Reward Cards, Extra Bucks and Gift Certificates Oh My!
There is no doubt that we are still in a tough economy, the signs are everywhere - but for those willing to put on their thinking caps this can be great time to save some money. Being smart with Extra Bucks, reward cards and even gift cards can get your further ahead than you ever dreamed.
Now I am not talking about shenanigans like those crack addicted women who shop with 500 coupons and stock pile a life time supply of deodorant and salsa for $4. Frankly that is just a displaced episode of hoarders in my not so delicate opinion and not something I want to be part of.
I am talking about a technique I call "Saving it forward" and it works with any sort of gift card, extra-buck or rewards program such as the $5.00 sent to me by the good folks at Ace Hardware.
The principle in simple, when you are given "free money" your goal is to leverage it in a way that creates a rolling savings for you over the long haul. That way the original money keeps making you/saving you money well past the first transaction.
This concept can be hard to grasp for some and is best explained by example..
Our dogs eat a lot of food!
I have to buy pet food each week so shop at one pet store that has good prices and also offers a reward program, each quarter I get a in-store gift card ranging in amount but usually around $20 ( we buy lots of pet food). Of course I could just buy more pet food with the $20 but to MAKE/SAVE money on that money I instead decide to invest that money toward a pair of dog grooming clippers. I watch for them to go on sale, they do.. $40 clippers on sale for $22. I use my $20 gift card and buy the clippers of $2. I then am able to clip the Westies at home saving $90 per grooming visits all on my $2 investment. So each time I trim the pups thereafter I am paying myself/saving significant amounts of money- sweet!
Local office supply store gives rewards on purchases and 10% back on Ink and toner- I go through a lot of ink... so end up getting a nice rebate from them of close to $65 bucks since I had also bought office furniture in that reward cycle. That $65 could only cover 1 month of ink but put towards a new printer that uses lower cost ink this would be more bang for that original bucks-- get it??
So what about that Ace card you ask?... well this weekend my local store is have a re-grand opening and a little bird told me that there Purdy paintbrushes will be on sale 1/2 off. Anyone who paints knows how good and expensive these brushes are. So my $5 will go towards expanding my selection of Purdy brushes which enable me to paint my house in a professional manner there by saving the cost of having painters come in... and that's how I roll!
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