REMINDER: Collins Community Credit Union will be performing a core conversion April 27 through May 1. During the conversion period you will experience service limitations as well as branch closures. All branches, including the in-store branches, will close at 5:30 p.m. on April 27 and reopen for business on Tuesday, May 1. To learn more about the core conversion, and to view frequently asked questions, click here.
I love a good deal! While some people take great pride in the expensive designer items they purchase, I am the opposite. I tend to brag about my bargain finds. And bargain shopping is easier than ever with group deal sites like Groupon(R) and LivingSocial.
But make sure your excitement for finding a deal doesn't have you spending more than you save. Here are some tips for making sure you are actually getting a deal that benefits you and your wallet.
o Beware of BOGO. Buy one get one free deals seem like a steal, but if you end up with more than you need or can use, you've helped the store move product without helping yourself.
o Focus on the fine print. Coupons purchased through group deal sites may offer half off or better on various products and services, but restrictions often dictate when they can be redeemed or tie the savings to other purchases. Make sure you know what you're getting and that it fits with your schedule before you pay for the deal.
o Eye the expiration date. A coupon purchased but not used before it expires is money wasted.
o Be conscientious about your credit. Buying your bargains with a credit card won't be much of a deal if you fail to pay off the balance and allow the interest to accrue.
Coupons and group deals can be a great way to save money. Just keep in mind that when you buy a bargain, you've still spent money. You only win if you've spent less for what you needed to buy anyway.
If you love a good deal, you definitely need to try Benefits Plus! It offers great discounts on travel, restaurant and retail gift cards, and much more. Click here to try it FREE for 30 days.