Ways to Save Money Online (2024)

Updated on November 21, 2013

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Daily Deal/Group Coupon Sites

Daily deal or group coupon sites negotiate with restaurants, salons, spas, and other retailers in order to provide daily coupons offering deep discounts of 50-90%. These sites will send you an e-mail offering the opportunity to buy a coupon for a deal in your city. For instance, they may offer $50 worth of food at a local restaurant for $20. They also frequently offer national deals for online retailers. Some group coupon sites have also expanded to offer deals for vacations and getaways as well as introducing "instant deals" which must be used within a few hours after purchases. Below is a list of the top daily deal sites that can save you lots of money at restaurants, salons/spas, local retailers, and even popular online sites such as Fandango or Amazon.

Cash Back Shopping Sites

There is a whole world of cash back shopping sites that will give you money back when you shop online. Basically you get an automatic 2%-10% or more back when shopping at some of your favorite sites online. If you're already shopping online, why not save the money by getting cash back? Below are some popular cash back shopping sites:

Exclusive Sale/Sample Sale Sites

There are numerous websites online that feature exclusive sales and/or sample sales which will sell nearly every type of product imaginable (although most frequently clothes and shoes) at deep discounts. Many of these sites are members only and an invitation is necessary to join. However, membership is entirely free and once you are a member you can invite friends and relatives to join in on the savings. Below is a list of some of the most popular online exclusive sale/sample sale sites. Each link below is an invitation link so that you can join the sites and start saving!

Ways to Save Money Online (4)

Rental Sites

Why buy when you can rent? Fashion is constantly changing--today's hot item is yesterday's "so over" fashion relic. Why spend hundreds and thousands of dollars on fashion items when you can rent them for a fraction of the cost? Renting is especially perfect for the ultimate fashionista who does not recycle looks. Today there are great sites online that let you rent everything under the sun.

Rent The Runway

Rent The Runway is basically Netflix for dresses (well before Netflix stopped mailing DVDs and started being a streaming only site). You can pick out a perfect dress to rent for a 4 or 8 day period as well as accessories to complete your look. Rent The Runway is a great way to save money on designer dresses and since most women refuse to wear the same dress price, Rent The Runway is a great way to have a perfect, on trend dress for any event without having to spend hundreds of dollars on a dress that will just sit in your closet.

Bag, Borrow, or Steal

Bag, Borrow, or Steal gained notoriety after being featured in the first Sex and the City Movie. It is a great way to rent designer handbags (as well as sunglasses and other accessories) for a weekly or monthly fee. This way you can keep up to date with the latest, must have bag without breaking the bank. Bag, Borrow, or Steal also sells used designer/luxury handbags and accessories at a discount.

Between Rent the Runway and Bag, Borrow, or Steal you can have the perfect, fashionable outfit at a fraction of the price! If only someone would start renting designer shoes!

Restaurant Savings Sites

Everyone loves to eat out, but eating at a restaurant can get incredibly expensive. Luckily there are a few ways to save money eating out at some of the best restaurants in your neighborhood. Check out these great ways to save money at restaurants.

Savored

Make reservations for the top restaurants in your city online and save up to 30% off your bill. Savored is simple and easy. Search through some of the best (and most expensive restaurants) in your city, find an available reservation time, book your reservation simply & easily online, and when you receive your bill at the restaurant, you will automatically save up to 30% off!

Restaurant.com

Buy gift certificates from numerous restaurants at deeply discounted prices.

Shop It To Me

Shop It To Me is a great way to find clothes, shoes, and accessories that are on sale online and available in stock in your size! The site searches popular websites for your favorite brand in your size and delivers a list of everything that is on sale in your size directly to your inbox.

Monthly Fashion Subscription Sites

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Ways to Save Money Online (2024)

FAQs

How to help someone save money? ›

Educate them about possibilities for saving more easily, like taking payroll deductions that are automatically placed into savings or paying off their credit card in full each month. For example, you may say, "Investing your money now means you will have more money for retirement later.

Why do we need to save money? ›

The future is unpredictable, and financial emergencies can crop up anytime. Saving money allows you to create a safety net for your future expenses as well as unplanned financial needs. The more you save, the more peace of mind you have, as you are better prepared for anything life throws at you.

Where is the best place to save money? ›

The safest place to put money is in an interest-earning bank account at an FDIC-insured bank or an NCUA-insured credit union. There's no risk of losing your money. You'll find the best interest rates at online banks.

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

Is saving $1000 a month good? ›

Saving $1,000 per month can be a good sign, as it means you're setting aside money for emergencies and long-term goals. However, if you're ignoring high-interest debt to meet your savings goals, you might want to switch gears and focus on paying off debt first.

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