How to Make Money from Online Coupons

Note this article is not about starting a coupon website; instead, it is a guide on how to make money by saving money from online coupons. If this sounds like something that would interest you, then read on – after all, who doesn’t like saving money.

Let’s face it, the economy might be growing but the fruits of the expansion are not being shared with everyone. This means that those of us in the 99 percent need to find hacks to make ends meet. One of these is coupons; however, this is not your grandmother’s days of sitting with store circulars and clipping coupons – today’s smart shoppers go online to find the best deals.

Did you know that couponing is not just a way to save money, it is also a way to make money? Imagine someone like David M. Offen, Philadelphia Chapter 7 bankruptcy lawyer, just helped you clear up your debts. Well, that is great but you need to work on the next chapter of your life and that means figuring out how to put food on your table without going broke again.

You might be asking yourself how is this even possible. I mean, everyone knows they can save pennies with coupons but how exactly how can you make money? Part of the answer is knowing which coupons bring in the most cash and this increasingly means going online.

It all starts with knowing how to examine what’s on offer online; maybe it’s a free dog grooming session, or it could be 20 percent of a new computer. Either way, there is money to be made.

Tax-Free Income

Most people don’t think about this but the money you save on coupons is tax-free income. That’s right, this is money that you don’t have to pay taxes on and the result is that you end up with more money in your pocket. What are you waiting for? Coupons equal cold, hard cash.

But can you really save a lot of money on coupons? The answer depends on how good you are at finding deals. On average a shopper can save about $125 to $150 per month with coupons. That works out to close to $1,800 per year or $18,000 over 10-years – think about how that would go to your kid’s college fund.

Importantly, you don’t need to pay taxes on this money. So, while you could invest this money into a 401k, why deal with all the rules and the potential penalties. As such, a better way is to put the money you save into an interest-bearing account as this will help your money to make even more money.

Big-Ticket Items

Another way to make a lot of money with online coupons is to use them for your big-ticket purchases. Maybe it is a computer or a washing machine or even a family vacation. Coupons for all these purchases are available online and this is a big reason why you need to look before you buy. Why pay full retail when stores are literally falling over themselves to offer discounts on your most expensive purchases? Granted, this might mean you end up at a competitor to one of the big box stores in your town but the goal is to get the best deal.

Don’t forget the auction sites as well. While finding the best deals on these sites can be cutthroat at times it is another option to get the best possible price. When it comes to auction sites, one of the best ways to maximize their power is to go mobile as it will allow you to compare prices while you are in the store.

Where to Find Coupons

While the days of people waiting for weekly circulars in their newspapers are not a prominent as in the 70’s the fact remains that you can still make money from your newspaper, though you might want to skip the subscription and just pick up the issue with coupons – after all, this article is about making money by saving money.

From there you need to develop of a list of coupon sites as deals constantly rotate as no one site will have the best deals all the time. If you don’t know where to start then go to the blogs first as many of these people have spent years cultivating their knowledge of online coupons.

Also, try searching through Google and other sites as well – just be wary of paid promotions and online advertisements. The first rule is to be tenacious, don’t stop at the first page of results as some of the biggest deals can be found buried in search results.

There you have it, now go out there and make some money.

If you’re not understanding how to use cashback sites – check out this post.