Thursday, July 23, 2009

Giving Rebates Some Thought!

Since I sent off 3 rebates this week, I have been giving them some thought. Trying a product for free is always awesome, but unlike samples, rebates can be a lot more fun. When a rebate is active, there are usually coupons out there too, meaning you have a chance to make a $1 or $2 profit. To maximize your profits, purchase rebate items with catalinas or Extra Care Bucks, etc. That way you're paying with "free" money from another deal in the past, and you're getting a cashable check back. Sometime, you can even double your money.

Let's say there is a sale at CVS, if you buy shampoo for $7, you get $5 back in ECB. You also have a $3 coupon and a mfg. rebate. You'd pay $4 cash out of pocket (if you have no previous if!), get $5 in ECB back plus $7 back from the mfg. rebate. So, pay $4 or less and get $12 back. These kinds of rebate deals are my favorites, for obvious reasons! :)

On Monday I mailed off three rebates: $3.99 for a Goody headband (made $1 profit), $7.19 for Tyson Skillet meal (made $1 profit) and a $20 rebate from Oil of Olay. That's $31.18 coming back to me. Check out my Olay rebate story here.

Last but not least, I just recently found the coolest rebate website. I wonder where I have been? Anyway, it's called Rebate Tracker. You can search for rebates, track your rebates, chat about rebates (that's a little too far for me), etc.

Want to make rebates more fun? I've thought about starting a "rebate" checking or savings account. You would use the account for only your rebate checks, but save the money for something special to keep you motivated. Like for Christmas, a trip to Disney World, a new purse, whatever gets you going! Have any rebate success stories? Tell me! Questions? Ask me!

Have a great night!! And, be sure to check out Wylie Mom on Facebook. :)


Debtfreemommy said...

Ive thought about this too. What I am planning on doing is if for instance the product after coupons, ECB or RR cost me 4.00 and Im recieving a 6.00 rebate (2.00 profit) that I would put the 4.00 that i originally spent back into my grocery budget for that month and put the profit into a savings account. Now if Ive already started a new months budget and dont need the whole amount then I will place it all in the savings acct.

Angie said...

Awesome idea!! I love the way you are thinking! :)

About Me

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DFW, Texas
I'm a married, stay-at-home mom to two kiddos in grade school. I love to save money as much as I like to make it! Coupons, thrift stores? Lead the way! But wait....there's more! I have a BBA from University of Oklahoma and I was a banker and an accountant before I became a domestic goddess!


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