When it comes to getting the most for your money, CASH IS KING! But a gift card is pretty darn close. So, how about getting the most out of that gift card? Kris and I have received a few of these over the years, and we’ve always maximized their purchasing power. Here are a few things to help you get the most bang for that gifted buck.
Think Of Gift Cards As Cash
It’s easy to be complacent when it comes to gift cards. After all, it’s free money. Treat that card the same as your own hard earned money. You should be able to get at least the same value out of that card as you could from cash. Imagine the green bills in your hands when you look at that card.
Check Out The Store’s Website For Options
Check for any fees they may apply for not using the card in a timely manner. Also check to see if the card can be used at other stores, restaurants or on-line shopping outlets. If s store card has a smartphone app, get it. They’ll be offering you discounts and deals several times a week.
Shop For Deals On Clearance Items.
I received a gift card from a major sporting goods store as a Christmas gift from my employer a couple of years ago. Wisconsin in January may not be the best time to buy cross country ski equipment, but it was a great time to buy a kayak. I bought a very nice one for half price.
It’s Okay To Treat Yourself, But Be Smart
That Kayak was a bit of a treat. I was shopping for one before Christmas. I didn’t need anything fancy. I’m not planning on doing any whitewater rapids trips, but I do like drifting the rivers and hitting the local lakes.
I was originally looking at spending under $200 with a local box store. Nothing fancy, but it’s what most of my friends have and it would do the job.
The gift card let me up the budget, then shop deals. I ended up spending $300, but I have one really nice Kayak.
Don’t Forget Coupon Websites and Coupon Codes.
Kris is a deal shopper. One of her favorites is Retailmenot.com. Check them out for discounts and coupons. Kris has their app on her phone. With the phone’s location services turned on, the app will make a ringing sound like a cash register to offer her discounts at the shops she is near. This isn’t a good plan for compulsive shoppers, but it’s a great way to get that extra discount.