How to cash in on unused coupons, deals
Personal finance expert shares tips
- Duration 3:16
- Date Jan 27, 2013
Personal finance expert shares tips
Also in this playlist...
This transcript is automatically generated
And -- do you find yourself spending a little too much money on coupons.
If you're addicted web sites like Groupon living social gonna show you how you can turn these deals in the some cold hard cash.
Here breakdown presses a personal finance expert -- to rob nice to see this morning good morning.
So you have some great web sites here that gives us an opportunity to get recoup some of that investment but there -- a lot of coupons eggs that are sitting in people's drawers.
They've done these deals didn't even realize -- they forgot.
GAAP conservatively the survey say that about one in five vouchers -- -- -- deal coupons go unused.
So that shows you how impulsively we -- -- on these web sites but you mentioned the web it's a great resource for cashing in on these unused.
Vouchers the first is troop flip.
I think this is the fastest way to cash in on your Groupon living social deal what the site -- actually does is -- the big deal from you instantly -- don't have to wait and sit around for a buyer.
Usually up to 70% of that.
Face value of the deals if you paid fifty bucks to get about 70% back.
And how they decide how much are gonna pay you is based on the expiration of the deal how popular the and what the -- views on -- -- -- for that business owner.
Coop really choose another when other wine which is sort of like the Craigslist.
Of these kinds of sites reasonable list.
You're deal and you have to wait for someone to be interests -- and then you.
Strike the deal off line somewhere maybe.
You know over the Internet over the phone.
Coupon and it's a little bit more on you in that incident really on you with Craig's list and then also eBay which is part part of what you -- with Craig's list use those sites as well.
Yeah I mean those I'd probably aren't as.
-- guest as -- other -- that I mentioned they're very bashing on -- -- you can be looking for cars and houses.
So the daily deal -- -- kind of get lost in the in the next but so.
So we don't wind up with all these coupons laying around on line what -- -- we're never gonna -- we have some tips to get through how to actually use this -- not fall into that -- in the first -- the best deals are the ones that have the following criteria the ones that are hyper -- so it's a merchant that's near your home -- your office -- ITF five mile radius.
Because if you have to go to another neighborhood or even ten miles out -- probably aren't gonna get excited to -- you're not gonna you're gonna find excuses to not do it.
You -- advertise your unused deal on social networking site like FaceBook yes well.
-- -- -- maximizing your social networks like Twitter like FaceBook even tell your friends and family seeking anybody's interest in transferring these deals.
And a quick note for those of us who have deals that have expired.
By a lot you have to at least get back that how much you paid for that vouchers if you paid fifty dollars -- -- 100 dollar gift card for restaurant.
And that's it -- -- -- has technically expired you have to get at least fifty dollars back from the merchant for the merchant has to give you fifty dollars worth of goods and finally see try to -- general vouchers with less time restricting expiration dates the longer you have to redeem that out for them more likely you'll end up using it.
And the national deals are the better -- if you get a deal from at a restaurant that's a chain or merchant that the chain.
That's usually a better -- Great tips here -- -- personal finance expert thanks so much for that keep them out of our digital dust bin again it's so much.
Coming up on --