Never Pay Retail Again

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In the final months of each year, the Big Sales come out in force. Black Friday! Cyber Monday! Singles Day! (China)

Retailers need to make their sales numbers, and they offer all kinds of bargains* and discounts to get people into their stores. It’s like a circus, a sporting event, and an IQ test all rolled into one.

I can certainly appreciate the desire to pay less for something, assuming you were going to buy it anyway. Personally, paying retail is against my religion.

In this post I review how we routinely get discounts on everything from clothes to coffee to hotels, at a time and place of our choosing. It’s all part of a master plan to Never Pay Retail Again.

I’m fairly happy with some of the successful retail avoidance moves I’ve made in the past:

  • Bought bike for $50 on Craigslist. Rode for 2 years then sold for $60.
  • Resold all home furniture for same price I paid for it.
  • Paid $50 for $100 gift certificate. Bought $200 winter jacket at Nordstrom Rack 50% off sale (net 75% off.)
  • Bought $800 worth of home supplies (bedding, cutlery, towels) for $80 at Macy’s clearance sale.

Unlike on the TV shows where people use coupons to buy 1,327 bottles of Gatorade and a 14 year supply of toilet paper for $2, these purchases were actually practical.

It is really exciting when you can make the retail system work for you. I use three main strategies.

Buy Used

Craigslist is a great place to find slightly used items. Since depreciation does most of the price damage in the first few years, there are a ton of great quality items available for a fraction of the retail price.

Things like bicycles and wood furniture hold value extremely well after 2 or 3 years. Sometimes the original owner never even used the stuff, just storing it in a garage or a guest room.

Thank you retail shoppers for your fickle (and fiscal) ways!

Cash Back Shopping Portals

Sometimes used items just aren’t available or don’t fit the bill.

In that case, we just go to our favorite online store and have what we need shipped directly to our home. Right?

But wait!

By simply clicking through a shopping portal such as Ebates, we can get cash back too. Nothing else changes… we buy from our preferred online store, we use our preferred credit card… But instead of getting only our items, we get our items plus $weet $weet ca$h!

Nearly every store I’ve ever heard of participates.

Never Pay Retail Again

Ebates: Cash Back From Your Favorite Stores

For new customers, Ebates gives a bonus $10 cash back after $25 in purchases.

Discount Gift Cards

Every year millions of people receive gift cards for birthdays and holidays, and promptly think, “What the hell am I going to do with this?!”

The answer for many is to sell them to a Gift Card exchange, which connects buyers and sellers. This means we can buy Gift Cards at a significant discount! 10% off is like buying a dollar for 90 cents.

There are even sites to help figure out which exchange offers the best deal.

I’m predominantly a buyer. I’ve mostly settled on Raise.com since they have a large assortment of my most used GC (hotels.com) and regularly have sales for additional % off.

This link will get you $5 off your first purchase at Raise.com
(We will also get $5.)

Stack Bonuses for Max Discounts!

We can use a combination of cash back shopping portals and discount gift cards to get significant savings.

Hotels.com

By stacking a cash back shopping portal, a discount gift card, and the hotels.com Stay 10 Get 1 Free program, we can save 20%+ on hotels.

For example:

Buy $1,000 hotels.com GC on Raise.com for $933.38 (~$67 off)
Use 1.5% cash back credit card ($14 back)
Book 10 nights at $100 each using GC (tax additional) ($100 off future stay)
Book hotels.com via Ebates.com ($30 cash back)

Total savings: ~$211 (~21% off)

Never Pay Retail Again

Discounted Hotels.com GCs on Raise.com

Never Pay Retail Again

Ebates link to Hotels.com

Clothing

Every once in a great while we end up in a clothing store like Old Navy or Gap, usually when they are having an end of season clearance sale.

Old Navy GCs and Gap GCs are pretty popular, and can often be had at great discount (at this moment they are 13.6% and 13.5% off, respectively.)

Since this is greater than the Ebates in-store cash back offer (currently 4%) I would choose the discount GC. If we were to purchase online, I would be able to stack the offers.

For example:

Buy 4 $25 Old Navy GCs for $86.40 ($13.6 off)
$5 off 1st Purchase ($5 off)
Use 1.5% cash back credit card ($1.22 back)
Buy $200 clothes discounted to $100 (clearance) ($100 off)

Total savings: $119.82
(Purchase online via Ebates for additional ~$4 cash back.)

Everyday Purchases

Even the most frugal household has regular purchases. Discounted Gift Cards can be a great way to reduce the price of things we were going to buy anyway. Here are a few favorites:

CVS Drug Store: currently 6.1% off
Coffee Bean & Tea Leaf: currently 21.5% off
Home Depot: currently 5.1% off
iTunes: currently 6.5% off

And by planning in advance, we can use these discounted GCs to meet minimum spend requirements on new rewards credit cards for even bigger rewards.

Never Pay Retail Again

By the power of the Internet, shopping for discounts is easy and efficient.

Thanks to Craigslist for used items, Ebates.com for cash back, and Raise.com for discount Gift Cards, everything is on sale. By stacking discounts we can get even greater savings.

Discounted Gift Cards are also a great tool to meet minimum spend requirements on new credit cards, which provide even greater rewards.

If this sounds like fun, these (affiliate/referral) links can get you started:
$10 off $25 purchase at Ebates.com
$5 off 1st Purchase at Raise.com
$50 off 1st Stay via Hotels.com
Cash back and travel rewards credit cards

Join the movement to Never Pay Retail Again!


* “bargains” πŸ˜‰

What do you do to Never Pay Retail Again?

Retire Early.

Travel the World.

Let's do this.

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