Money Saving
Elizabeth
July 27, 2021
In the past, you used to have to save your physical receipts in order to take advantage of rebate offers. However, even though mailing in a receipt isn’t that hard to do, 50 to 70% of shoppers fail to actually send their rebate in to get their money back. It’s just too time-consuming and easy to forget.
Now, however, there are numerous other ways in which you can earn extra money from your receipts to offset the costs of shopping both online and in-person. From receipt scanning apps to rebate offers and even the chance to optimize your online shopping habits in order to get the lowest price of an item, savings are certainly out there. It's never too much to earn money fast and this is how you can make extra income with your receipts.
Combing our seven tips for ways to earn money with your shopping receipts with our other helpful tips for saving money on groceries, saving money while online shopping, and budgeting hacks and you’ll find yourself swimming in a pool of savings that you won’t even know what to do with.
1. Scan Your Receipt with Ibotta
Receipt scanning is definitely one of the most popular ways to earn money from your receipts. And, Ibotta is one of the most well-known platforms for that kind of savings strategy. However, the savings start long before you even have a receipt to scan. First, you can unlock rebates by completing simple tasks on the platform. Or, you can scan your product barcodes and submit your receipt for cash back, too. Within 48 hours, you’ll find the cash deposited into your account. It’s truly that easy. But, you will need to get into the habit of doing it after every trip to the store to make the smaller payouts build up over time.
2. Earn Coins from Receipt Hog
Earn, shop, and save with Receipt Hog. While you won’t be getting cashback directly on purchases, you can earn coins each time you upload a photo of your receipt. You earn coins every time you upload a photo of a receipt through the app and then once you’ve earned enough points, you can begin to redeem them in the form of Amazon.con gift cards. This means that you don’t even have to purchase specific items to earn rewards and cashback, such as might be the case if you’re only looking for coupons or in-store deals.
3. Take Photos of Your Receipt for CoinOut
CoinOut rewards you real cash for your receipts. It’s similar to Ibotta and Receipt Hog in that you have to take a photo of your receipt and then upload it to the app. However, CoinOut is slightly easier to use and less time-consuming. You get a set amount of money for uploading receipts from certain retailers, which means you’re getting fast cash easy without having to meet certain spending limits or purchase specific products. And, if you’re a frequent user of their platform, you’ll be pleased to know that they also hand out weekly surprises and bonuses for their most trusted users.
4. Get a Refund on Price Drops
Price matching is a term that refers to comparing the price of an item across various different retailers. Seeing as it would be incredibly difficult to monitor the price of an item across various different retailers, just download an app to monitor it for you. Paribus is a great example of a price matching app that will track the receipts you receive in your confirmation emails from online shopping and automatically alert you to a price drop. If the price of something on your receipt drops, they’ll process the refund for you.
5. Optimize Your Web Brower with Rebate Extensions
If you do a lot of online shopping then you’ll get receipts emailed to you after each transaction. While you can get a refund from a price drop or even other rebates, make sure you’re getting the best price of an item before you even check out. With Google Chrome, you can go to the extensions part of your settings and search for rebates and cashback extensions to install. Some will check the price of an item to ensure it is the lowest while others will alert you to when there is a coupon or rebate available.
6. Mail-In a Rebate Offer
This might feel a little old school but it’s still one great way to earn money with your receipts. It goes without saying that you can’t actually send in a mail-in rebate without including the physical receipt in your envelope. So, regardless of whether or not you’re going to scan your receipt for cash, we suggest saving it. Then, head online and perform a simple Google search of rebate offers from the store you just visited. While these deals might not be advertised clearly in-store, a simple internet search will usually yield a few great results.
7. Take Surveys On Your Receipt
No, we’re not talking about taking surveys online, although that is a fantastic way to earn easy money. We’re talking about taking the surveys that are actually on your receipt. Usually, stores will include them at the very bottom. And, usually, people forget to look at them. Be sure to thoroughly check your receipts, especially the longer ones, for any potential savings, deals, discounts, coupons, or even surveys at the very bottom. Consider taking the survey once you get back to your car in order to avoid putting it off until later and ultimately forgetting to complete it.
Save Even More Without Scanning a Receipt
What about save more money without scanning a receipt?, there's one suggestion we want to make here, which can earn you a lot more cash: building your credit! A good credit can bring you tons of benefits and make your life easier! For example, take a look at how much cash you can get from car insurance if you have a great credit score:
Yes. More than $1500 is saved by an excellent credit score! Ok I got it. So where should I start?
If you are thinking of start setting up your credit now or you want your credit score boosted in shortly, definitely try rent reporting. Since you can't report your rent by yourself, choose rent reporting services wisely. Here at Cheese, our rent reporting service can report both your up to 2 years of rental history and your future ongoing rent, with very affordable price!
More exciting news? Cheese Credit Builder Loan is gonna help you save money and build credit at the same time! Sounds good? Sign up today to be part of us!
