Categories: Resources

How to Review the Worthwhileness of Online Discounts & Bonuses

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When it comes to saving money on flight tickets, hotel accommodation, groceries, and online shopping, nothing beats free discounts. Everyone likes to save as much money as possible when shopping.

Luckily, the Internet is jam-packed with businesses that promise tons of discounts and bonuses. However, bonuses aren’t created equal. Some of them can actually help you save money. Others; not so much.

Here, we’ll share 7 tips to help you determine the quality of online discounts and bonuses. Let’s get started

1. Look at the Product

There’s a discount for almost every product. But you’re probably only interested in buying one particular item. In light of that information, you want a bonus that targets the specific things you want to buy.

Let’s say you would love to take a vacation to Dubai. First, look for flight and hotel accommodation discounts. Then such for ways to save money while traveling around the city and touring attraction sites.

Importantly, also evaluate the urgency of your vacancy. Maybe you would love to visit Dubai but you have more pressing matters in the present. In that case, you want to focus on the urgent stuff before budgeting for your vacation.  

If you really think you want an item and there’s a discount for it, don’t claim it just yet. Take time off to do other things. Find out if you will forget about it or you will continue to think about. Buy stuff only when they are important and add value to your life.

2. Who’s Giving Out the Bonus?

Nowadays, you have to be really careful about where you get your shopping discounts. There are too many scams out there. In fact, many Internet scammers have a way of using discounts and freebies to lure their victims.

In the casino sector, frauds tend to promise bonuses with no wager requirements. Essentially, they promise you free money. However, they rarely deliver on this promise even if you deposit money and play their games.

Against that backdrop, find a great casino bonus India. But more importantly, ensure the offer comes from a reputable casino. This way, you’ll be assured of receiving the bonus and cashing out any money you win through the bonus.

3. What is your Budget?

If you’re like many people, you budget for everything you buy online. You might be in the market to buy a new TV. But you already have a budget in mind. So, even if you see a 50% discount on a $2000 TV and your budget is $800, you won’t be tempted to overspend.

Budgeting is important because it helps you keep your finances in order. It ensures you can pay your bills in time. It helps you have emergency cash and live within your means.

If you’re terrible when it comes to budgeting, there’s still a way to save money on shopping. Take time before you link your credit card. Think about all the ways you could spend your money. If buying a TV is what you really want and have enough cash, then do it.

4. How Big are the Savings?

This is the first thing many people look at when discover a new bonus online. It could be a shopping discount on Amazon. Or it might be a casino bonus. Everyone wants to know how much money they are going to save.

They are a few ways to evaluate the quality of a shopping discount. One the one hand, you can look at the bonus amount. On the other end, you can look at the discount percentage.

Imagine you want to buy a pair of earbuds. One site has a $20 discount. Another platform offers a 20% discount. On the surface, you can’t tell which discount is better until you see the original prices.

Maybe the first shopping site sells its earbuds for $40. In that case, a $20 deal saves you 50%. On the other hand, the second site sells its earbuds for $100. So, a 20% discount saves you $20 but you’ll have to buy the earbuds at $80.

5. Have you Done Comparison Shopping

One of the best ways of saving money online is to compare prices across multiple websites. Depending on what you plan to buy, you can use a browser extension like Honey to pull out the prices of a particular product at different sites.

Comparing prices helps you rank different websites according to their discounts. This is especially important for discounts that come with terms and conditions. Maybe it’s a buy one, get one free kind of deal.

Or it could be a betting bonus with wager terms, cashout limits, validity times and specific odds. In this case, you want to compare every important piece of information. In doing so, you’ll discover the best place to spend your money.

6. Does the Bonus Affect your Financial Goals?

You’ve probably been into a situation where there’s a bonus for something you’ve always wanted to buy. However, spending money to buy the item could set your back financially.

What should you do? The answer is simple. If buying something could put you into debt, don’t do it. The goal is to save money on shopping and not to add more debts.

This is why we started by saying you need to take a closer look at the item you need to buy. Ensure you’ll use the item regularly and it will indeed help you save money.

7. Is it a Steal?

There are good online bonuses. Then there are steals. Good bonuses help you save a little bit of money. And they are always available online. As such, you could miss out on a good week this weekend and find another great deal next month.

With steals, you only have one chance to claim the offers. Think of Black Friday and Cyber Monday deals. These discounts can help you save up to 90% on some items. As a result, they are a must claim deals as long as you need the items and you have the money to spend.  

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