SavingStar Adds Savings Options

If you haven’t heard of SavingStar, it’s a very easy tool to help you save money at the grocery store. Instead of having to clip, print, and bring coupons to the store, you digitally “clip” them instead and add to a participating store loyalty card. Too many to list here. Once you hit the $5 threshold, you can cash out your savings with a bank deposit, PayPal, or charity donation. I haven’t quite amassed that $5 fortune, I am close, but now there’s another way to reach that level faster with their new shopping portal.

If you aren’t familiar with shopping portals, they are essentially ecommerce store fronts sponsored by an airline, credit card, hotel, or other third party that contain affiliate links to retailers. Check out my Beginner’s Guide for more details. Some shopping portals offer you cash back, while others give you frequent flyer miles, points, or some other digital currency. After reaching certain levels, you cash in.

What makes SavingStar’s program somewhat unique, is that it combines both online and offline savings opportunities. This brief video provides an overview of the program.

It’s an increasingly crowded cash back field, so be sure you are using a shopping portal that will pay you back quickly in case it shuts down. Cash back rates differ between stores and portals. My advice is to find one you like and use it until you hit a threshold and cash out, rather than chase every portal and miss out completely.

Posted in advice.

mschroed@hotmail.com

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