Planning ahead for large purchases by saving up money in a separate account is something that I have found to be a very effective way of ensuring that I do not have to charge such a purchase. However, I have recently discovered an even better way to save money on purchases thanks to a website called CardCash.
If you have never heard of this site, then you need to start paying attention now because it can save you a lot of money. The site is basically a gift card exchange site. So, if you get gift cards for Christmas or another occasion and you do not want them, then you can sell them to this site for cash. And then, people can buy them from the site at a discount. You can even sell gift cards where you have used part of the balance.
When it comes to money-saving, you are more concerned with buying the gift cards than selling them. Here’s how it can save you money. Let’s say that you want to buy a top of the line $2200 treadmill from Academy Sports. Well, if you go to CardCash, then you can buy Academy Sports gift cards at a 9% discount. That means that you could buy the $2200 treadmill for just $2002! That’s right, you save almost $200 this way.
Unfortunately, not all gift cards are available at such a high discount amount. Right now Amazon.com gift cards are discounted just 1%, but others are much higher like 25% off Urban Outfitters gift cards.
As you can see, this is a great way to save on not just large purchases, but your every day purchases as well. And if you take that savings amount and snowflake it toward some debt, then you end up spending the same amount each month on your expenses, but your debt balance goes down! This is a definite financial win-win.