Social media is more than just a way to stay in touch with old friends and family. You can actually use it to save money! So if you’re one of those people who thinks social media are just platforms for wasting time, think again!
Follow favorite brands and stores to get great deals
A lot of businesses don’t even bother with print advertising when they’re offering a discount or planning to run a special offer. Why should they when they can advertise for free on social media? This applies especially to smaller businesses such as restaurants, so be sure to check their updates regularly if you’re planning a night out.
Flash sales are also a social media phenomenon. You could find a sudden surprise offer on everything from your favorite clothing brand to consumer electronics – just don’t allow yourself to be tempted with something you don’t really need.
Search hashtags on Twitter
Hashtags are a great way to track down deals ‘#Sale’, ‘#SpecialOffer’, ‘#Coupon’, ‘#Deal’, or ‘#Discount’ are great hashtags to search when you’ve got a spare moment to go bargain hunting with your smartphone. Don’t forget to try ‘#Freebies’ – you may be in luck!
Follow other bargain-hunters
The twitter ID @DontPayFull will keep you updated on the latest deals without you having to go hunting on your own account.
Companies want to know if people are really paying attention to their posts, and they’re hoping to extend their reach. Some will offer discounts or run competitions in exchange for ‘likes’ and ‘shares’. Others may be interested in your opinion and offer you a small discount for completing a survey.
Just telling a store manager you aren’t too happy with the service or the product you bought may get you short shrift, but if you complain publicly on social media, they’ll be eager to be seen as the heroes of the day. After all, thousands could be seeing your complaint, and they don’t want a public relations disaster. You could get replacement goods, discounts or refunds, or even a combination of these, so venting your frustrations can pay off.
Refer friends for rewards
We usually tell our friends about good buys and great products as a matter of course, but some online stores will offer you discounts in exchange for referrals. Obviously, you’re only going to do that when you’re onto something good, so your friends won’t mind.
This app will let you know when there are great deals and special offers. It alerts you by sending a message to your phone and your Facebook account so that you won’t miss out. Get deals on everything from retail stores to flights and collect coupons for free.
You can download it from here.
Borrow money interest-free
Obviously, you shouldn’t try this too often, but if you’re in dire straits, a friend might be willing to give you a short-term, interest-free loan to tide you over. Just post your need on social media and see what comes up.
Get a ride
Looking for a shared ride to work or to another city? Once again, posting on Facebook could be the solution to your problem. Anyone who is offering you a ride won’t be looking to make a profit, so you could get a free ride or just pay your share of the gas.
Get new ideas
Pinterest is a great place for getting and sharing money-saving ideas. From home crafts and gift ideas to money saving recipes or creative ways to keep your kids busy, you can get plenty of cost-saving ideas for free.
You can check out our Pinterest account @DontPayFull for more money tips.
See what other people are saying about the businesses you’re considering doing business with by using social media. If everyone thinks they’re overpriced or give poor quality or service, you might want to go elsewhere.
Tweet what you spend
Set up a new Twitter account using a pseudonym and track your budget with ‘tweet what you spend’. It’s an easy way to track your spending on the go, and that helps you to see if you’ve been wasting money on things you haven’t budgeted for.
Get financial advice from the experts
Follow the big names to get great tips for managing your finances. @JeanChatzky, @JaneBryantQuinn are just two of the Twitter accounts you might like to follow. Find out how they think you should be saving, investing or making money.
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