Why Do Retailers Offer Rebates?

rebates on cellphones

I personally think that having a lower price is a better deal, but sometimes retailers have rebates offers that give huge discounts. One popular item you can save big on (through taking advantage of the rebate) is your cell phone. You can be surprised at how much they’re willing to knock down the price. Of course, retailers don’t give away money for no reason.

  • Most people are too busy (or lazy) to complete the rebate forms. Get way to get customers to buy a particular phone. Most of the time we’re on top of rebates, but we dropped the ball years ago on some phones we got through Cingular.
  • It’s a wonderful way to get information on the demographics of their customers. Most times when you send in the rebate form, you also have to fill out and share some data about yourself.

Here are Some Tips to Optimize Rebate Programs: rebates on cellphones

If you’re willing to put in the effort, you can maximize your return on rebates.

  • Read the rebate conditions. See if you will get actual money back or a coupon for another of their products. It still happens time to time. You also ant to see how much paperwork is due. Is it simply mailing a form out with receipt or does it involve more legwork?
  • Send the rebate through certified mail or get a delivery confirmation. You don’t want to do the process more than once; it’s time consuming and you may be past the deadline by the time you get around to it a second time. Having delivery confirmation proves that they did receive the paperwork.

Lynnae at Being Frugal takes great advantage of rebate programs from Walgreens and Rite-Aid. Her tactic involves being organized and only buying what she needs.

I have a system to make sure I get the products I need and never forget to submit my receipts for reimbursement. On Sunday afternoons, I sit down with the paper to make my grocery list. While flipping through the ads, I pay special attention to the Rite Aid and Walgreens ads. (If you don’t get the paper, ads for both stores can be found online at the store websites).

If you’re interested in maximizing your rebates, please check out the rest of her post.

Thoughts on Rebates and Discounts

I’m curious to see what you think. How often do you use rebates? Who has the best rebate programs?

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Scrooge Strategy Review

scrooge strategy review

I signed up for The Scrooge Strategy from Ramit Sethi of I Will Teach You To Be Rich back in 2009 to save some money. I had gone through his Save $1,000 in 30 Day Challenge on his site and it was a huge help – I was able to save around $500 and cut our recurring bills by $200/month. I figured that his  paid subscription course would help me achieve bigger savings than the small subscription.

Happily, I was right and I saved enough money to reach my goals with the course.

Who The Scrooge Strategy Was Designed For scrooge strategy review

I will say upfront that the Scrooge Strategy is about big wins from a bit of effort. Nothing is impossibly hard, but you’re expected to put some thought or take some action on each tip. If you’re looking for easy stuff, then this course is not for you. The course is NOT cutting back on lattes or saving pennies every day – that’s not Sethi’s style or focus.

Instead if you’re looking to save a good amount of money for a relatively small amount of work (like getting on the phone with your cable company or sitting down to plan the next big milestones of your life), then the Scrooge Strategy will help you save big. What’s even better is that Ramit includes actual scripts and templates that you can use.

Finding Value in the Scrooge Strategy

Some of the tips didn’t apply to me or I already had applied the principles in my life. Do does that mean that the program has no value? Definitely not. There is a lot of information that you can use and they provide a lot of value.

Here are some of his posts in the subscription that really helped me with my finances:

  • 7 tips to save money eating out at restaurants
  • Making a big-ticket purchase
  • Cut your cable costs and get them to pay YOU
  • Call sheet: Unearthing perks with 2 phone calls
  • The Two-Headed Savings Approach: Focused saving

Thoughts on Scrooge Strategy

The price has gone up from when I signed up for it a couple of years ago, but there is a free 7 day quick-start so you can decide if this course can specifically help you with slashing your monthly bills. I welcome any feedback from people who’ve completed the course. What tips helped you the most with your expenses? How much did you save with the Scrooge Strategy?

The Financial Benefits of a Pre Nuptial Agreement

prenuptial agreement benefits

While caught up in the excitement of planning for an approaching wedding, many people forget to take a realistic look at their potential personal financial consequences if their relationship turns sour in the future. As unlikely as it seems now, statistics show that one of three first marriages end in divorce, while more than half of second and third marriages eventually fail. More and more couples seriously consider pre-nuptial agreements to safeguard their financial circumstances. These are not just for the wealthy!

If any of the following situations apply to you or your future spouse, it may be worth looking carefully at the benefits of a pre-nuptial agreement.prenuptial agreement benefits

  • You are pursuing a degree that will lead to a potentially lucrative career
  • You own property
  • You may receive an inheritance
  • You have significant debt
  • You own a business
  • You have children from a previous marriage
  • You may have to care for parents or grandparents
  • You have a pension plan or significant retirement savings

Some couples have a difficult time approaching the subject of pre-nuptial agreements, fearing that the stark realities of finances will interfere with the romance of the coming union. While this can be the case, for many, putting current and future finances into a legally binding document is a relief. It removes the worry and anxiety that dealing with money matters often brings. Rather than facing a future of unknowns, at least this aspect of the future is taken care of.

One of the big advantages of a pre-nuptial agreement is that everything concerning finance is crystal clear from the very beginning. Both of the partners must make a full disclosure of their current financial situations. There will be no surprise tax liens, hidden bank accounts or debts; everything will be revealed. This honest approach makes many relationships stronger.

In order to create a binding pre-nuptial agreement, both parties must have their own attorneys looking out for their best interests. The whole point of pre-nuptial agreements is to protect both partners and having your own attorney is an essential part of that. Remember, terms in the pre-nuptial agreement can be changed over the years with both partners being represented legally for this to occur. If 15 years down the road you are still together, you may change some of the terms to be more generous to your partner.

While working on a pre-nuptial agreement, many couples form common goals for their economic future. Rather than shying away from discussions about careers and money, creating a pre-nuptial agreement focuses both partners’ attention on these sometimes difficult to talk about yet so important aspects of a life together. What better way to face the future than with your eyes wide open, both of you honestly working on a common goal?

Pre-nuptial agreements ease the path during a divorce or on the death of a partner. Non-marital assets are clearly defined and designated in the agreement, avoiding unnecessary emotional upheavals during a divorce or death. Family heirlooms remain in their respective families, something that all too frequently does not happen today if couples don’t have an agreement. That beautiful antique ring from great-grandma will stay with your relatives if you designate that, rather than passing into your ex-spouse’s family.

The matter of a pre-nuptial agreement should be decided early in the engagement, well before the marriage date. This agreement represents an open, honest start to a marriage and guarantees that finances will not be shrouded in mystery and anxiety.

About the Author
Grace Pamer is a work from home mom and the author of www.RomanticFrugalMom.com, one woman’s on going quest to get her family to go green whilst keeping romance alive in her marriage.

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Our Debt Reduction Strategy

credit card debt reduction

Getting out of debt has been a project we’ve been working on for a couple of years. When I was in college and getting ready for marriage, I realized I wanted to get my credit cards paid off. I focused my attention on earning a bit more and putting it towards the credit cards .  I was determined to get married without having a huge amount of credit card debt over my head. I was happy to accomplish my goal, but there was still more debt to conquer.

Working Together to Reduce Debt credit card debt reduction

After I got married, my husband and I had a plan to pay off the car loan faster. We worked at it and were proud to finish that. Now we’re shopping for a reliable used car for our family and paying cash for it.

Our next debt to tackle is the student loan we consolidated a bit ago. Though the interest rate is low, we really want to improve our monthly cash flow in the long run. This year we’re making regular payments and whatever extra money we make online to reduce the loan further. We’re also sending in a bit of our tax refund to knock it down even more.

Debt Reduction in 3 Steps

If you’re looking at reducing your debt in 2012, here are a few steps you can take:

  • Learn the Exact Amount of Your Debt – Some people think that this goes without saying, but many times people who are deep in debt, don’t know this number. Gather all your statements and add up the total to see how much debt you need to eliminate.
  • Set Up a Payment Plan You Can Keep – If you can be gazelle intense until the last cent is paid, then please do so. It’s the quickest way out of debt. If you can’t, then adjust your spending to a point where you can build a debt snowball and sustain it until the debt is paid off.
  • Find Ways to Reward Your Achievements – As humans we all need incentives to do something. For some people seeing the numbers go down on their debt is motivation enough to continue. For others, though, you have to create a frugal reward system as you pay down each of your debts. You might want to throw a party at your house (provided you cook the meals or have a potluck) after paying back your family member or friend that money you owed her for a bit. You could also buy a video game (single game; used) when you finish paying off that store card.

Thoughts on Tackling Debt

I’d love to hear your thoughts. What tips do you have on keeping your finances in check? I hope you can join in the discussion;  I know many of you have some wonderful thoughts on reducing debt.

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